Supreme Court of India · 2021-01-11
M/S N.N. GLOBAL MERCANTILE PRIVATE LIMITED vs M/S INDO UNIQUE FLAME LTD.
- Citation / case number
- SC 2020/23926
- Court
- Supreme Court of India
- Petitioner
- M/S N.N. GLOBAL MERCANTILE PRIVATE LIMITED
- Respondent
- M/S INDO UNIQUE FLAME LTD.
- Author
- HON'BLE MR. JUSTICE K.M. JOSEPH
- Bench
- HON'BLE MR. JUSTICE K.M. JOSEPH, HON'BLE MR. JUSTICE AJAY RASTOGI, HON'BLE MR. JUSTICE ANIRUDDHA BOSE, HON'BLE MR. JUSTICE HRISHIKESH ROY, HON'BLE MR. JUSTICE C.T. RAVIKUMAR
Judgment text excerpt
The Supreme Court addressed the validity of an arbitration agreement contained within an unexecuted and unstamped agreement. It held that an unstamped agreement cannot be relied upon for arbitration purposes, emphasizing the necessity of compliance with the Stamp Act. The court clarified that the requirement of stamping is a precondition for the enforceability of the arbitration clause, thereby impacting the jurisdiction of the arbitral tribunal.