M P Jain & Ors vs. N M Patel & Ors (1970)

This case is a classic example of how an arbitration clause can make or break a dispute. In this case, the arbitration clause mentioned in the share purchase agreement was not made applicable to the parties. The court said arbitration can only be initiated if both parties are in agreement, or if the arbitration clause is made applicable to them. This judgment is important for us as law students because it shows how the courts view contracts and agreements in Maharashtra, which we might encounter in our exams. The community's take on this judgment? Do you think the courts should've considered the intention of the parties instead of just following the letter of the law? Agree or disagree with the judgment.