Case Law Analysis
Section 7(5) Arbitration Act | Personal Guarantee Bound by Loan Agreement's Arbitration Clause as Composite Transaction : SC
The Supreme Court ruled that a personal guarantee defined as a Facility Agreement and deemed part of the loan agreement 'as if set out in extension' incorporates the loan agreement's arbitration clause under Section 7(5). This binds guarantors to arbitration without a separate clause, overturning orders deleting them from proceedings.