Section 32 of the Arbitration and Conciliation Act, 1996, outlines the specific circumstances under which arbitral proceedings are terminated. According to this section, proceedings can be terminated by:
\[\begin{array}{rl} \bullet & \text{The final arbitral award.} \\ \bullet & \text{An order of the arbitral tribunal if the claimant withdraws the claim, the parties agree to terminate, or the tribunal finds the continuation of proceedings unnecessary or impossible.} \\ \end{array}\]
This is distinct from Section 34, which deals with the separate process of applying to a court to set aside an arbitral award after the proceedings have terminated.