New Delhi, Dec. 11 -- The Supreme Court has urged Parliament to eliminate long-standing ambiguity surrounding the power of arbitral tribunals to terminate proceedings under the Arbitration and Conciliation Act, 1996, and to introduce a clear statutory remedy against such termination orders. A bench of justices JB Pardiwala and R Mahadevan on Tuesday said it was "indeed very sad" that the problem, which was born in the UNCITRAL Model Law (a template drafted by the UN to harmonise arbitration standards worldwide) adopted nearly 40 years ago, continues to persist not only under the 1996 Act but even in the proposed Arbitration and Conciliation Bill, 2024, which is meant to replace the existing law. "It is high time that the uncertainty surrounding the power of the arbitral tribunal to terminate the proceedings under the various provisions of the Act, 1996 are either consolidated into a single provision.or the contradictory phraseology used in the various provisions are tweaked to make the provisions consistent," it said. Calling the absence of remedies "a lacuna that must be addressed," the bench stressed that the new Bill must explicitly provide the nature and effect of termination orders, including whether the tribunal retains authority to entertain a recall application. "A proper remedy against an order terminating the proceedings is the need of the hour," it emphasised....