Supreme Court · 2019 INSC 647 · Decided 8 May 2019
Ssangyong Construction CO. LTD. v. National Highways Authority of India (Nhai)
- Court
- Supreme Court of India
- Citation
- 2019 INSC 647 · [2019] 7 S.C.R. 522
- Case number
- CIVIL APPEAL No. 4779/2019
- Decided
- 8 May 2019
- Bench
- R.F. NARIMAN, VINEET SARAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 142; Arbitration Act Section 34(2)(b)(ii), 34(2)(a)(iii), 34, 34(2A)
Headnote
Arbitration and Conciliation Act, 1996 - ss.34(2)(b)(ii), 34(2)(a)(iii) - Respondent invited bids for construction of a four- lane bypass on National Highway 26 in the State of Madhya Pradesh - Appellant's bid was accepted - of the components used in execution of the contract i.e. cement, steel, plant and machinery, and other local materials was to be calculated as per formula given in sub-clause 70.3 of the contract - Price adjustment was being paid to the appellant by using the Wholesale Price Index (WPI)
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)