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Puri Construction P. Ltd. And Ors. vs Larsen And Toubro Ltd. And Anr. on 30

Court - was clearly contrary to the wording of the price-escalation clause in the FAO(OS)(COMM) 53/2017 Page 19 of 25 contract between ... terms, how the base price of washery grade II coal could be applied to calculate the escalation in coke price produced by using washery grade

prices of material (not being materials supplied or services rendered at fixed prices by the Department in accordance with clause 10 & 34 thereof ... under Clause l0CC in the current contract also. I therefore rely on the Clause l0CC of the contract for working out escalation in prices

price escalation upto last bill on account of Price escalation on indices of 31.8.1998 and full escalation w.r.t. star price amounting ... awarded towards balance Price Variation Clause. The Arbitration Tribunal holds that the Claimants claim of escalation is justified and award to the claimants escalation amount

price of steel and Claim no. 4 was on account of escalation of cost of material, labour and fuel. These were barred by Clause ... escalation having regard to rates of fuel, wages and other specified inputs. (f) Clause 32.8.1 provides for compensation in case of increase in price

necessary price indices or due to delay in preparation of the running or final bills. ix. In view of adjustments for variations of prices ... clause no other adjustments for any reasons whatsoever like statutory measures, taxes, levies escalation in prices of Cement & Steel etc. will be allowed

maintainable for non-compliance of mandatory Clause 53.1, 53.2 of GCC and Clause 53.3 of COPA. Under Sub Clause 53.1 of GCC, it was required ... taken while calculating escalation as per price adjustment formulae provided in Sub Clause 70.3 of the Contract. (f) Clause 70.3 specifically stipulated that

first aspect, i.e. price escalation and interpretation placed by the Arbitrator on clause 17 is concerned, the learned Single Judge had relied upon previous ... price escalation. As far as claim No.2 is concerned, the learned senior counsel urged that the interpretation placed on clause 14.3 in the present

appellant that there was no dispute regarding the payment of the price escalation and acceleration charges/costs - there was nothing arbitrable - and therefore section ... between the parties in the present case with reference to the price escalation and additional costs for acceleration; as rightly pointed out on behalf

clause 19, for variation of prices in case of increase in price of cost of raw material for E.C. Grade Aluminum Ingot. Clause ... announced by the Central Government in March, 1989 and the subsequent escalation of prices as well as excise duty, the timing of the risk purchase