Supreme Court Arbitration Clauses In Unstamped Agreements Enforceable : Supreme Court 7-Judge Bench Overrules NN Global Decision Case Title: In Re Interplay Between Arbitration Agreements.
The Constitution Bench held that non-stamping or insufficient stamping of an agreement is a curable defect under Indian Stamp Act, 1899. It added that to obligate courts to determine the issue of stamping of arbitration agreement at the pre-referral stage will defeat the objectives of the Arbitration and Conciliation Act, 1996. Supreme Court Overrules Verdict Holding Unstamped Agreements Unenforceable and Invalid.
The Supreme Court on Friday said that a 7-judge Constitution Bench will commence hearing from next week on a curative petition against its decision laying down that non-stamping or insufficient stamping of an arbitration agreement will make it .
New Delhi, September 26 (IANS) The Supreme Court on Tuesday agreed to reconsider its decision laying down that non-stamping or insufficient stamping of an arbitration agreement will make it invalid.