Insights
Arbitration agreement in unstamped or insufficiently stamped Contract
May 4, 2023In this update we bring to you a deeper analysis Arbitration Agreement in unstamped or insufficiently stamped contract.
We throw light on the recent development the Supreme Court held that an unstamped instrument exigible to stamping is not a contract under Indian law, unenforceable and non-existent, until it is sufficiently stamped as per the applicable stamp act.
The detailed viewpoint discusses Impact on appointment of an arbitrator; Impact on arbitration proceedings; Impact on ability to seek interim relief; Impact of the Judgment on Unstamped Instruments already executed; and Formal adjudication.
