What are the ways in which arbitral proceeding is terminated under the Arbitration and Conciliation Act, 1996? Explain.

As per section 32 (1) of the Arbitration and Conciliation Act, 1996 the arbitral proceedings shall be terminated by the final arbitral award or by an order of the arbitral tribunal. Under section 32(2) of the Arbitration and Conciliation Act, 1996, the arbitral tribunal shall issue an order for the termination of the arbitral proceedings where - the claimant withdraws his claim, unless the respondent objects to the order and the arbitral tribunal recognizes a legitimate interest on his part in, obtaining a final settlement of the dispute, the parties agree on the termination of the proceedings, or the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.