Article 299 of the Constitution does not grant immunity from the applicability of statutes

The Supreme Court deciding an arbitration petition for appointment of a sole arbitrator under the Arbitration and Conciliation Act, 1996, in a matter where the contract in question was entered into in the name of the President of India under Article 299 of the Constitution, held that, “We are unable to trace any immunity arising out of Article 299, to support the contention that for contracts expressed to be made by the President of India, the ineligibility of appointment as an arbitrator as contemplated under Section 12(5) of the Act, read with Schedule VII, will be inapplicable.”