Unstamped Arbitration agreements inadmissible but not void: Supreme Court overrules NN Global Mercantile

Effect of not paying duty renders an instrument inadmissible and not void and non-payment of stamp duty is curable, the Court held.
Supreme Court of India
Supreme Court of India

A seven-judge Constitution Bench of the Supreme Court on Wednesday held that while unstamped arbitration agreements are inadmissible, they are not rendered void ab initio (void from the beginning) on account of the fact that they are unstamped [In Re: interplay between Indian Stamp Act and Indian Arbitration Act].

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