A seven-judge bench of the Supreme Court on Wednesday (December 13) ruled that arbitration clauses in unstamped or inadequately stamped agreements are enforceable. Insufficiency of stamping does not.
Arbitration Clause In Unstamped, Insufficiently Stamped Agreements Is Enforceable: SC dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
A seven-judge Constitution bench of the Supreme Court Wednesday held the arbitration clause in an unstamped or insufficiently stamped agreement between parties is enforceable and such a defect is curable and does not render the contract invalid.
The verdict, having significant and far reaching
India News: The Supreme Court ruled that the arbitration clause in an unstamped agreement is enforceable as the defect is curable. This verdict overruled a previo
"When a position of law is liable to cause grave public injury, public uncertainty, and grave imbalance in the world of business investment, the point should not be left to future litigation. It is.