Trace Your Case

Dresser Rand SA v. Bindal Agro Chem Ltd., (2006) 1 SCC 751

ISSUE:

Whether acquiescence of arbitration binds the parties to continue with arbitration?

Whether the agreement between parties arises from the arbitration clause or not?

RULE:

A Letter of Intent (LOI) can be construed as a binding contract if it is followed by conduct that is consistent with the existence of a contract.

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