https://www.taxtmi.com/caselaws?id=303353 An initialled draft memorandum of understanding and surrounding correspondence did not establish a concluded contract because the document remained subject to circulation, member approval and final execution, and the communications showed the proposal was not yet finalised. On that basis, no binding arbitration agreement or operative arbitration clause was proved, so the foundation for interim relief under Section 9 of the Arbitration and Conciliation Act, 1996 was absent. The fact that Section 11 proceedings were said to be pending did not alter the finding that no enforceable contract had been shown for Section 9 relief. en-us Wed, 11 Jul 2007 00:00:00 +0530 Sat, 16 Jul 2022 11:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303353 An initialled draft memorandum of understanding and surrounding correspondence did not establish a concluded contract because the document remained subject to circulation, member approval and final execution, and the communications showed the proposal was not yet finalised. On that basis, no binding arbitration agreement or operative arbitration clause was proved, so the foundation for interim relief under Section 9 of the Arbitration and Conciliation Act, 1996 was absent. The fact that Section 11 proceedings were said to be pending did not alter the finding that no enforceable contract had been shown for Section 9 relief. Case-Laws Indian Laws Wed, 11 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303353