Indu Engineering & Textiles Ltd vs Delhi Development Authority

The Supreme Court addressed the entitlement of the appellant, M/s. Indu Engineering & Textiles Ltd., to the enhanced price of hard coke supplied to the respondent, Delhi Development Authority, under the arbitration clause of their agreement. The Court upheld the arbitrator's decision awarding Rs. 234097.41 to the appellant, reversing the Division Bench's ruling that had set aside the award. The Court emphasized the validity of the price escalation clause, affirming that the appellant was entitled to the escalated price as per the agreement terms.