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Supreme Court of India

Ssangyong Construction Co. Ltd. v. National Highways Authority of India (nhai)

Neutral citation
Bench R. F. Nariman and Vineet Saran JJ.
Decided 8 May 2019

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

36 Supreme Court benches have cited this judgment.

What the Court ordered

We are of the view that this ground under Section 34(2)(a)(iv) would not be available, given the authorities discussed in detail by us.

Judgment, page 83

From the 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 – Price adjustment for four 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) published by the Ministry of Industrial Development, which…

Authorities it was built on

Where later benches applied it

Of those, 11 relied on · 17 referred to · 7 mentioned · 1 not applicable

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