GAIL (INDIA) LTD vs GUJARAT STATE PETROLEUM CORPN. LTD

The Supreme Court held that the Gujarat High Court erred in entertaining a writ petition under Article 226 regarding the fixation of gas prices, as the matter was contractual and subject to arbitration under the Indian Arbitration and Conciliation Act, 1996. The Court emphasized that disputes arising from the Gas Sale Agreement should be resolved through arbitration rather than judicial intervention. Consequently, the appeal was allowed, and the High Court's order was set aside, reinforcing the primacy of arbitration in contractual disputes.