Supreme Court · 2020 INSC 392 · Decided 11 May 2020
G H South East Asia Marine Engineering and Constructions LTD. (Seamec LTD.) v. Oil India Limited
- Court
- Supreme Court of India
- Citation
- 2020 INSC 392 · [2020] 4 S.C.R. 254
- Case number
- CIVIL APPEAL No. 673/2012
- Decided
- 11 May 2020
- Bench
- N.V. RAMANA, MOHAN M. SHANTANAGOUDAR, AJAY RASTOGI (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 56; Arbitration Act Section 34, 37
Headnote
Contract: Tender floated for well drilling and other auxillary operations - Work order awarded to appellant - During subsistence of contract, prices of High Speed Diesel (HSD) one of the essential materials for operations increased through a circular issued by Government - Appellant raised a claim that increase in the price of HSD triggered the 'change in law' clause contained in clause 23 under the contract and the respondent became liable to reimburse them for the same -
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