Unstamped Arbitration Agreements Lack Legal Validity and May Be Impounded

Splendor Landbase Ltd Vs Aparna Ashram Society & ANR (Delhi High Court) Conclusion: In present facts of the case, the Hon’ble High Court have given observations on the issue of unstamped arbitration agreement. It has been held that an arbitration agreement, which is unstamped, does not exist and an unstamped contract, containing an arbitration agreement, would not exist as it has no existence in law and it has been observed that such agreement would be impounded under Section 33 of the Stamp Act. Facts: In present facts of the case, the issue came for consideration wherein petitions have...