Insights
SC clarification on 2015 amendments to Section 34 petitions
May 1, 2019Brief Facts
The National Highways Authority of India (“Respondent”) and Ssangyong Engineering & Construction Co. Ltd. (“Appellant”) had entered into a construction contract, under which the Appellant was paid a monthly price adjustment as per the contractual formula. The formula applied the Wholesale Price Index (“WPI”) based on the year 1993-94. From 2010 onwards, the Union Ministry started publishing the WPI based on the year 2004-05.
