Supreme Court of India reiterates that presence of an arbitration agreement in a contract is not an absolute bar to availing remedies under Article 226 of the Constitution
Three appeals (“Appeals”) were filed by (i) UNITECH Limited (“Unitech”); (ii) Telangana State Industrial Infrastructure Corporation (“TSIIC”); and (iii) State of Telangana against a judgment of a Division Bench of the High Court of Telangana (“Telangana High Court”), which upheld the order of a Single Judge of the High Court of Telangana confirming the liability of TSIIC to refund an amount of INR 1.65 billion to Unitech, but modified the date from which the interest rate had to be computed.
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