Arbitration clause in unstamped, insufficiently stamped agreements enforceable: SC

The Supreme Court ruled that the arbitration clause in an unstamped agreement is enforceable as the defect is curable. This verdict overruled a previous judgment and has significant consequences for corporate agreements. The court held that non-stamping of an agreement does not render it void but inadmissible as evidence. The court stated that objections regarding stamping fall within the ambit of the arbitral tribunal.