Enforcing Arbitration Clauses in Unstamped Contracts | A Huge Step Forward
Introduction In a significant development, the Supreme Court of India, comprising a 7-judge bench, reversed a prior decision by a 5-judge bench on the enforceability of arbitration clauses in unstamped contracts. The case stemmed from a question raised in the M/s. N. N. Global Mercantile Pvt. Ltd. v. M/s. Indo Unique…