https://www.taxtmi.com/caselaws?id=237192 A writ petition under Article 226 was not maintainable in a purely contractual gas supply dispute governed by an arbitration clause, because a commercially complex pricing controversy should ordinarily be resolved through the agreed arbitral remedy rather than judicial review. The Court also found no material to show that the pricing decision was arbitrary or unreasonable, noting that the final price arrangements were mutually agreed and that courts do not substitute their own view in commercial or economic policy matters absent perversity, illegality, or extraneous considerations. The impugned order was set aside and the writ petition dismissed, leaving the dispute to arbitration. en-us Tue, 17 Sep 2013 00:00:00 +0530 Tue, 26 Dec 2017 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237192 A writ petition under Article 226 was not maintainable in a purely contractual gas supply dispute governed by an arbitration clause, because a commercially complex pricing controversy should ordinarily be resolved through the agreed arbitral remedy rather than judicial review. The Court also found no material to show that the pricing decision was arbitrary or unreasonable, noting that the final price arrangements were mutually agreed and that courts do not substitute their own view in commercial or economic policy matters absent perversity, illegality, or extraneous considerations. The impugned order was set aside and the writ petition dismissed, leaving the dispute to arbitration. Case-Laws Companies Law Tue, 17 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237192