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Section 32 of Arbitration and Conciliation Act, 1996
Section 32 of Arbitration and Conciliation Act, 1996 deals with 'Termination of proceedings'.
From the Act
(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 mason 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.
Related Cases / Recent Cases / Case Laws
- Section 28: Rules applicable to substance of dispute
- Section 29: Decision making by panel of arbitrators
- Section 30: Settlement
- Section 31: Form and contents of arbitral award
- Section 33: Correction and interpretation of award; additional award
- Arbitration Act, 1940
- United Nations Commission on International Trade Law
- Indian Contract Act, 1872
- Limited Liability Partnership Act, 2008
- Companies Act, 1956
- Code of Civil Procedure, 1908
- Code of Criminal Procedure, 1973