https://www.taxtmi.com/caselaws?id=437908 The Supreme Court addressed the impact of unstamped or under-stamped contracts on arbitration agreements and clarified the intertwined nature of their existence and validity. Referring to relevant cases, the Court emphasized that an arbitration agreement must meet legal requirements to be considered valid. Additionally, the judgment explored the difference between obiter dicta and ratio decidendi, highlighting the binding nature of the principle on which a case is decided. Consequently, the Court dismissed the special leave petitions, emphasizing the importance of extracting binding legal principles from decisions and directing pending applications to be resolved accordingly. en-us Mon, 24 Apr 2023 00:00:00 +0530 Wed, 17 May 2023 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437908 The Supreme Court addressed the impact of unstamped or under-stamped contracts on arbitration agreements and clarified the intertwined nature of their existence and validity. Referring to relevant cases, the Court emphasized that an arbitration agreement must meet legal requirements to be considered valid. Additionally, the judgment explored the difference between obiter dicta and ratio decidendi, highlighting the binding nature of the principle on which a case is decided. Consequently, the Court dismissed the special leave petitions, emphasizing the importance of extracting binding legal principles from decisions and directing pending applications to be resolved accordingly. Case-Laws Indian Laws Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437908