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The Court held that its judgment in Vidya Drolia v. Durga Trading Corporation did not decide the issue of the effect of an unstamped contract on the arbitration agreement, and thus cannot be treated as precedent.

Vidya droliaTrading corporationdidLegal newsSupreme courtSupreme court of indiaJustice mm sundreshJustice sanjiv khannaArbitration matterNot everything said bya judge is precedentObiter dictaRatio decidendiSupreme court judgmentsArbitation actDistinction between obiter dicta and ratio decidendiNot everything in judgment is precedent