Law · Arbitration and Conciliation Act, 1996
Under Section 32 of 'The Arbitration and Conciliation Act, 1996,' which of the following conditions can lead to the termination of arbitral proceedings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The proceedings can be terminated if the claimant withdraws the claim, provided the respondent does not object or does not have a legitimate interest in continuing the dispute.✓
- 2The arbitral tribunal may unilaterally terminate the proceedings without any specific grounds or notice.
- 3The arbitral tribunal is required to terminate the proceedings if it finds that continuing the arbitration has become unnecessary, even if both parties explicitly agree to continue.
- 4The arbitral tribunal must terminate the proceedings if the parties reach an agreement, regardless of whether the tribunal records a final award on agreed terms.
Correct answer
The proceedings can be terminated if the claimant withdraws the claim, provided the respondent does not object or does not have a legitimate interest in continuing the dispute.
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