RAGHUNATH(DEAD) BY LRS vs STATE OF MAHARASHTRA

The Supreme Court addressed the entitlement of the appellant to the enhanced price of hard coke supplied to the respondent under the arbitration clause of their agreement. The arbitrator initially ruled in favor of the appellant, but the Delhi High Court's Division Bench reversed this decision. The Supreme Court held that the price escalation clause was valid and enforceable, thus reinstating the arbitrator's award in favor of the appellant, confirming the applicability of the escalation clause as per the agreement terms.