Unstamped arbitration agreement not legally valid: Constitution Bench of Supreme Court holds by 3:2 majority - application under section 8 based on unstamped arbitration agreement not maintainable - against the order of dismissal of petition under section 8, appeal under section 37(1) maintainable -

Citation

AIROnline 2023 SC 394

SUPREME COURT K. M. JOSEPH, J., AJAY RASTOGI, J., ANIRUDDHA BOSE, J., HRISHIKESH ROY, J. and C. T. RAVIKUMAR, J.

Civil Appeal - 3802 of 2020 D/-25-4-2023

N.N. Global Mercantile Private Limited v. Indo Unique Flame Ltd

(A)Arbitration and Conciliation Act (26 of 1996), S.7, S.11 - Contract Act (9 of 1872), S.2(h), S.2(g) - Stamp Act (2 of 1899), S.33, S.35, S.42 Arbitration - agreement - Enforceability Unstamped or insufficiently stamped instrument exigible to stamp duty, containing arbitration clause which is not chargeable to payment of stamp duty, is not enforceable and void under Contract Act and thus cannot be acted upon, in view of S. 35 of Stamp Act.

AIR 2011 SC (Civ) 1972-Approved

AIR 2019 SC 2053-Approved

AIR 2020 SC (Supp) 173-Approved

AIROnline 2021 SC 926-Overruled

AIROnline 2020 SC 929-Approved

AIR 1988 Kant 51-Referred[NN Global Mercantile Pvt Ltd v. Indo Unique Flame Ltd & ors]

 

 Overruled By

Case Title: In Re Interplay Between Arbitration Agreements Under The Arbitration And Conciliation Act 1996 And The Indian Stamp Act 1899 Curative Pet(C) No. 44/2023 In R.P.(C) No. 704/2021 In C.A. No. 1599/2020