(1) The arbitral proceedings shall be terminated by the final arbitral award or by an order of the arbitral tribunal under sub-section (2).
(2) The arbitral tribunal shall issue an order for the termination of the arbitral proceedings where-
(a) the claimant withdraws his claim, unless the respondent objects to the order and the arbitral tribunal recognises a legitimate interest on his part in obtaining a final settlement of the dispute,
(b) the parties agree on the termination of the proceedings, or
(c) the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.
(3) Subject to section 33 and sub-section (4) of section 34, the mandate of the arbitral tribunal shall terminate with the termination of the arbitral proceedings.
Arbitration and Conciliation Act 1996
Section 31 of Arbitration Act - Form and contents of arbitral award
Section 31A of Arbitration Act - Regime for costs
Section 32 of Arbitration Act - Termination of proceedings
Section 33 of Arbitration Act - Correction and interpretation of award; additional award
Section 34 of Arbitration Act - Application for setting aside arbitral awards
Section 35 of Arbitration Act - Finality of arbitral awards
Section 36 of Arbitration Act - Enforcement
Section 37 of Arbitration Act - Appealable orders
Section 38 of Arbitration Act - Deposits
Section 39 of Arbitration Act - Lien on arbitral award and deposits as to costs
Section 40 of Arbitration Act - Arbitration agreement not to be discharged by death of party thereto