In Re: Interplay between Arbitration Agreements under the Arbitration and Conciliation Act, 1996 and the Indian Stamp Act, 1899
Primary Issue: Whether arbitration agreements contained in unstamped or inadequately stamped instruments are void, unenforceable, or non-existent under Indian law.
Secondary Issues:
The court reinforced that arbitration agreements are separate and distinct from the underlying contract. Even if the main contract faces validity issues, the arbitration clause retains independent existence for dispute resolution purposes.
The judgment emphasizes that courts should exercise minimal interference in arbitration proceedings, consistent with the legislative intent of promoting arbitration as an efficient dispute resolution mechanism.
When multiple statutes govern a situation, they should be interpreted harmoniously. However, special legislation (Arbitration Act) prevails over general legislation (Stamp Act and Contract Act) in arbitration matters.
Non-payment of stamp duty constitutes a curable defect rather than rendering the agreement void ab initio. The defect can be remedied by paying the required stamp duty and penalty.
The Competence-Competence principle grants arbitral tribunals the primary authority to determine questions of their own jurisdiction, including issues of contract validity and stamping.