Arbitration Clause Contained In A Tax Invoice Is Binding on parties: HC

Swastik Pipe Ltd Vs Dimple Verma (Delhi High Court) In terms of Section 7(4)(b) of Arbitration and Conciliation Act, 1996, it is clear that arbitration agreement can be derived from exchange of letters / telex / telegram or other means of communication including through electronic means and if it is shown that the parties are at ad-idem even though the other party may not have signed a formal contract, it cannot absolve the other party from the liability under the agreement. In the case in hand, it is not disputed by the learned counsel for the respondent that it had earlier received similar ...