Unstamped dco

Shivam G. (Querist) 01 June 2016 This query is : Resolved
dear experts,
M/s.abc ltd entered into a lease agreement with Mr.xyz.
Agreement is duly executed by both the parties.
both the parties mutually decided to execute document without getting it stamped to avoid the stamp duty payment.

In the above case, can this agreement is enforceable in the court?

can any party seek legal remedy if any dispute arises through this unstamped agreement?

Can this agreement is called as Illegal agreement though the purpose and object of this agreement is legal? kindly advice me on these issues??

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H.M.Patnaik (Expert) 01 June 2016
Unless the Lease agreement is duly registered with the concerned SRO, it is not enforceable against the other party. This will remain as a private agreement between the parties, however the same can not be treated as illegal.