SC overrules verdict holding unstamped agreements unenforceable, invalid
PTI, Dec 13, 2023, 12:19 PM IST
A seven-judge Constitution bench of the Supreme Court on Wednesday held that non-stamping or insufficient stamping of an agreement has nothing to do with the validity of the document as it is a curable defect.
The bench headed by Chief Justice D Y Chandrachud, in an unanimous verdict, overruled its judgement which had held that if an agreement, having arbitration clause to resolve disputes between contracting parties, is unstamped then it is invalid and unenforceable.
“The agreements that are not stamped are not rendered void (invalid). Non-stamping of an agreement is a curable defect,” held the bench which also comprised justices Sanjay Kishan Kaul, Sanjiv Khanna, B R Gavai, Surya Kant, J B Pardiwala and Manoj Misra.
Besides the CJI, who penned the judgement for himself and five other judges, Justice Khanna wrote a separate and concurring verdict.
The top court, on October 12, had reserved its verdict on reconsideration of an earlier order of its five-judge bench which had held that unstamped arbitration agreements are not enforceable in law.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
MUST WATCH
Latest Additions
Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid
SC notice to Centre on plea to include ayurveda, yoga in Ayushman Bharat
BJP wants to snatch ”Jal, Jungle, Jameen” from tribals, alleges Rahul at Jharkhand poll rally
Leopard spotted near M’luru airport, Forest Dept begins search operation
Mangaluru International Airport achieves record passenger & air traffic movement in October 2024
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.