Supreme Court says the Tribunal’s exercise of fixing the interest rate should be on the basis of applying the principle laid down in the case of G.C.Roy
Facts The Appellants were awarded a contract by the State of Kerala for the upgradation of State Highway for two stretches Muvattupuzha-Thodupuzha and Muvattupuzha-Angamaly. An Appeal was presented before the Supreme court from disputes arising between the parties primarily relating to making payment to the Appellants. However, arguments advanced before