Arbitration Update | Significance Of An Arbitration Clause In A Tax Invoice

In a recent judgment passed by the Bombay High Court in the matter of Bennett Coleman & Co Limited vs MAD (India) Private Limited it has been held that any document in writing (tax invoice in the present case) exchanged between the parties which provide a record of the agreement and in respect of which there is no denial by the other side, would squarely fall within the ambit of Section 7 (i.e., Arbitration agreement) of the Arbitration and Conciliation Act, 1996 (Arbitration Act) and would amount to an arbitration clause. This legal update briefly analyses this judgment of the Bombay High Court.

Facts:

Facts: Bennett Coleman & Co Limited (Bennett Coleman) is a news media company engaged in news publishing, television, the internet, radio, and outdoor media. MAD (India) Private Limited (Agency) is an advertising agency which had approached Bennett Coleman to place advertisements in their newspapers, channels, radio, and other outdoor publications through a