( 1 ) AN important question regarding the power of arbitrator/arbitral tribunal to terminate proceedings in the light of Section 25 of the Arbitration and conciliation Act, 1996 ( the Arbitration Act for brevity) falls for consideration in this writ petition.

( 2 ) THE chronology of events leading to filing of this writ petition may be noticed in brief as follows. The second respondent namely, the Airports Authority of india granted licence to use land admeasuring 1500 Sq. yds. (1253. 13 Sq. mtrs.) to the petitioner for a period of three years. The licence was granted for construction of godown for storage of LPG cylinders and office. The licence fee was fixed at Rs. 9,097/- per month for the year 1994; Rs. 10,007. 26p. per month for the year 1995; Rs. 11,008. 75p. per month for the year 1996; and rs. 12,109. 41p. per month for the year 1997. The petitioner constructed godown measuring 40x100ft. with asbestos roof. She also constructed an office room with dimensions 20x40ft. with RCC roof. Subsequently, the licence was granted for yet another period of seven years from 15-7-1997 to 14-7-2004 on yearly licence fee of Rs. 1,88,100/- (monthly licence fee comes to Rs.