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ARTICLE · 18 AUGUST 2020

Inadequately Stamped Arbitral Awards- Validity And Legal Consequences

S.S. Rana & Co.
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Arbitration is a legal procedure to solve disputes, precisely commercial matters, outside court of law.

IndiaLitigation, Mediation & Arbitration
Priya Adlakha
Priya Adlakha
Nihit Nagpal
Nihit Nagpal
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ARBITRATION AND DOMESTIC ARBITRAL AWARD

Arbitration is a legal procedure to solve disputes, precisely commercial matters, outside court of law. Its functioning is analogous to judicial courts and arbitral awards are equally binding on contesting parties. Arbitration is gaining recognition and emerging businesses, companies are opting arbitration as a mode to resolve disputes. An arbitral award can be described as a formal and legal declaration and recognition of the merits of matter in dispute, by an arbitration tribunal which is equivalent to the judgment of judicial courts.

Is stamping of domestic arbitral award obligatory for enforcement?

For an arbitral award to be enforceable, there are a number of obligatory and non-obligatory requirements that ought to be fulfilled, for proper execution or setting aside of arbitral award. One of those requirements is stamping and registration of domestic arbitral awards. Insufficiency or any inadequacy in stamping

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