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Arbitration agreement on non-signatory firms
December 11 , 2023
345 days
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- The Supreme Court held that an arbitration agreement can be binding even on non-signatory firms under the ‘group of companies’ doctrine.
- This doctrine makes an arbitration agreement binding on a firm which, though not a signatory, is a member of a group of companies which is a party to the agreement.
- The definition of “parties” under Section 2(1)(h), read with Section 7 of the Arbitration Act, 1996 included both the signatory as well as non-signatory parties.
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