Supreme Court · 2018 INSC 195 · Decided 23 February 2018
National Highway Authority of India v. M/S. Progressivemvr (Jv)
- Court
- Supreme Court of India
- Citation
- 2018 INSC 195 · [2018] 2 S.C.R. 1015
- Case number
- CIVIL APPEAL No. 458/2018
- Decided
- 23 February 2018
- Bench
- A.K. SIKRI, ASHOK BHUSHAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 34
Headnote
Contract - NHAI Contracts - Price adjustment formula, 'note' appended thereto - Interpretation of - Respondents-contractors awarded contracts by appellant-NHAI for construction of roads etc. - Tender document envisaged a 'Price Adjustment formulae formulae' for calculating the price adjustment amount wherein the work is divided into seven components for which specific percentages were given to govern the price adjustment- However, such specific percentages were given only for 4 components, and for rest three
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