Insufficient stamping is no bar against appointing an Arbitrator

Pigments & Allieds Vs Carboline (India) Pvt. Ltd. (Bombay High Court) In the present case, on a fair reading of provisions of the Maharashtra Stamp Act, as applicable in Maharashtra, it is evident under definition 2(d) that the agreement in question was required to be stamped when it was first executed. The agreement was first executed, it was executed by Carboline presumably with appropriate stamp duty since it is not the case of Carboline that it was under-stamped in Chennai. The only contention is that the agreement is executed in Mumbai, as seen from the face of the document. Thus, cle...