Stamp duty on Arbitration Agreement applicable as per ‘place of execution’

Religare Finvest Limited Vs Asian Satellite Broadcast Private Limited And Ors (Delhi High Court)

Zee Group of Companies signed the agreements in Mumbai, while Religare signed it in Delhi. Arbitrator accepted Zee Companies’ plea that Loan Agreements were first executed in Mumbai, they should have been stamped in accordance with Maharashtra Stamp Act (MSA). In the considered opinion of the Court, this is where the learned Arbitrator fell in grave error, for reasons which are elucidated below.

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