Supreme Court · 2001 INSC 321 · Decided 26 July 2001
O.N.G.C. and ANR. v. ASSN. of Natural Gas Consuming INDS. and ORS.
- Court
- Supreme Court of India
- Citation
- 2001 INSC 321 · [2001] SUPP. 1 S.C.R. 50
- Case number
- CIVIL APPEAL No. 8530/1983
- Decided
- 26 July 2001
- Bench
- B.N. KIRPAL, N. SANTOSH HEGDE (2-judge bench)
- Outcome
- Case Allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act
Headnote
Contract Act, 1872 Interest-Contracts for supply of natural gas-Agreement clause C stipulating rate of interest on delayed payment-Expiry of contract-Demand for enhanced price for renewal of contract-High Court by in/erim order directing continuation of supply of gas at the existing interest on delayed payment of the principal amount-Entitlement of- D Held, in view of the interim order of Court, the contract between the parties . and terms thereunder were Impliedly renewed-Thus, supplier entitled to claim interest on delayed payment of principal amount as specified in the
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