BLACK PEARL HOTELS (PVT) LTD vs M/S PLANET M RETAIL LTD

The Supreme Court addressed the legal nature of a 'Conducting Agreement' under the Arbitration and Conciliation Act, 1996, specifically under Section 11, which pertains to the appointment of arbitrators. The Court held that the agreement could be construed as either a lease or a license, impacting the applicable stamp duty. The Court upheld the High Court's order referring the matter to the Registrar for determination of the nature of the agreement and the associated stamp duty, thereby affirming the procedural correctness of the High Court's approach.