Step 1: Understanding the Termination of Arbitral Proceedings.
Under the Arbitration and Conciliation Act, arbitral proceedings may be terminated on several grounds including the making of the final award, by order of the arbitral tribunal, or if both parties agree to terminate the proceedings.
Step 2: Explanation of Other Options.
- (a) The proceedings terminate when the final award is made.
- (b) The arbitral tribunal can also terminate the proceedings.
- (c) If both parties agree, the proceedings can be terminated.
Step 3: Conclusion.
All of the mentioned reasons can lead to the termination of arbitral proceedings.