https://www.taxtmi.com/caselaws?id=197269 A clause in a deed of settlement directing arbitration did not, by itself, create a valid arbitration agreement between trustees. An arbitration agreement under the Arbitration Act, 1940 requires a written, consensual submission of present or future disputes to arbitration, and its existence depends on contract principles of proposal and acceptance. Mere acceptance of trusteeship under a deed containing such a clause was only acceptance of a trust term, not an inter se agreement to exclude the courts. The reference to arbitration was therefore invalid and the award was set aside. en-us Thu, 17 Dec 1964 00:00:00 +0530 Mon, 01 Jan 2018 16:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197269 A clause in a deed of settlement directing arbitration did not, by itself, create a valid arbitration agreement between trustees. An arbitration agreement under the Arbitration Act, 1940 requires a written, consensual submission of present or future disputes to arbitration, and its existence depends on contract principles of proposal and acceptance. Mere acceptance of trusteeship under a deed containing such a clause was only acceptance of a trust term, not an inter se agreement to exclude the courts. The reference to arbitration was therefore invalid and the award was set aside. Case-Laws Indian Laws Thu, 17 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197269