Indian Oil Corporation Ltd.Through Its ... vs M/S. Shree Ganesh Petroleum ... on 1 February, 2022
20. 1. Mr. Mukhopadhya, learned senior advocate appears on behalf
of appellant resumes his argument. He reiterates findings in
paragraphs 242 and 243 in the award regarding his client's unfettered
right to terminate under it, held to have been qualified by right to
reduce the quantity of work, if any contingency arose. He relies on
judgment of the Supreme Court in Indian Oil Corporation Ltd. v.
Shree Ganesh Petroleum, reported in (2022) 4 SCC 463, paragraphs
43 and 44. Paragraph 44 is reproduced below.