Case Law Analysis
|Supreme Court of India
Veritable Party Doctrine | Non-signatory to MoS bound by arbitration agreement under Arbitration Act 1996 : SC
Even without signing the MoS, a shareholder named in its schedule is deemed a veritable party and can be forced into arbitration under the Arbitration Act. The decision widens arbitration’s reach to parties whose performance is essential to a deal. It affects buyers, sellers and related stakeholders in corporate share-purchase transactions.