https://www.taxtmi.com/caselaws?id=199485 Section 34 stay was available only if the pending suit concerned a matter actually covered by the arbitration submission. The Court held that a narrowly framed clause confined to differences over valuation could not be extended to disputes about alleged breach of contract or valid rescission of the agreement. The plaintiff's claim was founded on breach and rescission, not on valuation of the undertaking or payment of any balance due after valuation, so the suit fell outside the arbitration agreement. A stay of proceedings was therefore not warranted, and the appeal succeeded. en-us Tue, 03 Feb 1953 00:00:00 +0530 Thu, 01 Mar 2018 15:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199485 Section 34 stay was available only if the pending suit concerned a matter actually covered by the arbitration submission. The Court held that a narrowly framed clause confined to differences over valuation could not be extended to disputes about alleged breach of contract or valid rescission of the agreement. The plaintiff's claim was founded on breach and rescission, not on valuation of the undertaking or payment of any balance due after valuation, so the suit fell outside the arbitration agreement. A stay of proceedings was therefore not warranted, and the appeal succeeded. Case-Laws Indian Laws Tue, 03 Feb 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199485