M/S N.N. Global Mercantile Private ... vs M/S Indo Unique Flame Ltd.

The Supreme Court addressed the doctrine of separability of arbitration agreements, ruling that an arbitration clause remains valid even if the underlying contract is unstamped. The court clarified that disputes regarding the fraudulent invocation of bank guarantees are arbitrable. The judgment emphasizes the importance of upholding arbitration agreements to ensure the efficacy of dispute resolution mechanisms.