Law:

Section:

(a) Arbitration Act (X of 1940)--- S. 2(a)-Arbitration agreement-Written agreement of arbitration-Need not necessarily be signed by parties as long as its terms and conditions readily ascertainable and freely agreed to between parties-Letters unilaterally w1ritten by respective parties to Martial Law authorities appointing their arbitrators read together. held, constituted a "valid arbitration agreement" for purpose of reference of dispute to arbitration of two arbitrators thus appointed.-[Agreement;-Arbitration]. Umed Singh v. Seth Sobhak Mai Dhadha I L R 43 Cal. 290 ; Shankar Lal Lachhmi Narain v. Jainy Brothers 43 All. 384 ; Radha .Kanta Dam v. Baerlian Brothers, Ltd. I L R 56 Cal. 1181 Hickman v. Kent or Romey Marsh Sheepbreeders' Association (1915) 1 C H 881 ; Anglo Newfoundland Development Co. v. The King (1920) 2 K B 214 ; Jubilee Chamber of Commerce Ltd., Rawalpindi v. Lala Amrit Shah A I R 1940 Lah. 180 ; Lexis W. Fernandez v. Jiwatlal Partapshi and others A I R 1947 Bom. 65 ; M. Ghulam ali Abdul Hussain & Co. v. Vishwambharlal Ruiya A I R 1949 Bom. 158 1 Firm Mangla Chend Banawari Lnl v. Firm Pyare Lal A I R 1949 E Pb. 199 ; Jugal Khhore Rameshwardas v. Mfrs. GDOIbaI HormusjI A I ft 1955 S C 812 1 Banarsl Das v. Cane Commissioner Uttar Pradesh and another A I R 1963 S C 1417 1 Russal on Arbitration 17th Eda., p. 24 and Messrs Hafiz Abdul Aziz Cotton Ginning Factory v. Messrs Haji Alt Muhammad Abdullah & Co. P L D 1966 Kar. 197 ref: (b) Stamp Act (II of 1890)-- --- Ss. 2(12), (141, 3(a) & Sched., Art. 5 (c)-Stamp duty-Leviability of-instrument executed or signed between parties - Alone liable to stamp duty under any of relevant provisions of Schedule to Stamp Act, 1899. Carlill v. Carbolic Smoke Ball Co. L R 1892 2 Q B D 490 1 leeching v. Westbrook 9 M do W 411 ; Marshell v. Powell 1846 Q B 779 a Minister of Stamps v. Townend 1909 A C 633 1 Hankins v, Cluttarbuck 175 E R 3401 Ganga Ram Kushaba Rangole v. Narayan Babaji Rangole I L R 19 Bom. 32; Kali Charan Banik v. Mani Mahan Saba Banik A I R 1924 Cal. 794 1 Russel on Arbitration, 17 Edn., p 206 and Finlay Muir a Co. v. Radhakissen Gobi kissan I L R 36 Cal. 736 ref. (c) Stamp Act (II of…

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