• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

SC To Reconsider Its Decision Holding That Unstamped Arbitration Agreements Are Invalid In Law

OMMCOM NEWS by OMMCOM NEWS
September 26, 2023
in Nation

New Delhi:  The Supreme Court on Tuesday agreed to reconsider its decision laying down that non-stamping or insufficient stamping of an arbitration agreement will make it invalid.

A 5-judge bench headed by CJI D.Y. Chandrachud and comprising Justices S.K. Kaul, Sanjiv Khanna, B.R. Gavai and Surya Kant agreed for referring the issue to a 7-judge bench having regard to the larger ramifications of the decision rendered in the case of NN Global Mercantile Pvt Ltd vs. Indo Unique Flame Ltd & Ors.

In that case, a five-judge Constitution Bench in April this year laid down by a ratio of 3:2 that non-stamped or insufficiently-stamped arbitration agreements are not enforceable in the eyes of law.

The majority opinion delivered held that arbitration agreements not validated by Stamp Act would stand non est in law rendering them void or unenforceable in law.

On the other hand, two judges in their distinct minority judgments, opined that stamp deficiency may be cured and unstamped arbitration agreements are valid at the pre-referral stage.

The question whether an arbitration agreement would be invalid if the underlying contract was not stamped as per the relevant Stamp Act, was referred to a five-judge constitution bench for an authoritative pronouncement after two three-judge benches of the apex court came to conflicting conclusions on the issue.

(IANS)

Tags: Supreme Court
ShareTweetSendSharePinShareSend
Previous Post

ED Files Chargesheet Against Laxmi Corrugated In PMLA Case

Next Post

ED Attaches Assets Worth Over Rs 1 Cr Of Sunheaven Agro India In PMLA Case

Related Posts

Nation

Prashant Kishor Says Jan Suraj Party Will Sweep Bihar, Calls Nitish’s Metro Inauguration His Last

October 6, 2025
Nation

Essential For Large Asian Economies To Work Together To Drive Trade: Amitabh Kant

October 6, 2025
Nation

Vijay Deverakonda Says ‘All Is Well’ After His Car Meets With An Accident, Admits His Head Hurts

October 6, 2025
Nation

Results Of Fresh WBSSC Recruitment Exam Likely To Be Published At Month-End

October 6, 2025
Nation

NHRC Orders Probe Into Spurious Cough Syrup After 12 Child Deaths In MP And Rajasthan

October 6, 2025
Nation

Bihar Polls: BJP Leaders Welcome Two-Phase Polls

October 6, 2025
Next Post
ED

ED Attaches Assets Worth Over Rs 1 Cr Of Sunheaven Agro India In PMLA Case

GST Swoop On Pankaja Munde's Sick Sugar Factory For Rs 19-Cr Dues; No Central Aid For Unit

India Among Most Competitive Aviation Markets In World, Says Indigo CEO Pieter Elbers

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.