In Brief
Deep Industries Limited challenged a High Court order that had entertained an Article 227 petition and stayed arbitration proceedings between Deep Industries and ONGC. The Supreme Court held that Article 227 petitions cannot be entertained against subordinate court orders when first appeals remain pending and available. The High Court erred by treating revision proceedings as an appeal and interfering with the subordinate court's discretionary order in the absence of any illegality or material irregularity. The Court allowed the appeal and directed expeditious completion of arbitration proceedings in accordance with the Arbitration and Conciliation Act, 1996.
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