2002 (12) TMI 564 - SC - Companies Law

Writ petition laying challenge to the order of termination - view taken by the High Court that the remedy by way of recourse to arbitration clause was available to the appellants and therefore the writ petition filed by the appellants was liable to be dismissed - Held that:- Appeal allowed. As in the present case the petitioners' dealership, which is their bread and butter came to be terminated for an irrelevant and non-existent cause. In such circumstances the appellants should have been allowed relief by the High Court itself instead of driving them to the need of initiating arbitration proceedings.