Oral Undertaking Falls Within Scope Of Arbitration Clause' : Supreme Court Upholds Award Against Husband For Operation In Wife's Demat Account

The Supreme Court held that an oral undertaking falls within the scope of an arbitration clause. It upheld an award against a husband for an operation in his wife's demat account. This ruling clarifies the scope of arbitration agreements. It emphasizes that oral agreements can be subject to arbitration if they relate to matters covered by the arbitration clause. The decision promotes the effectiveness of arbitration as a dispute resolution mechanism.