M/s ONGC Limited vs Assn. Of Natural Gas Consuming Indus. & Ors.

The Supreme Court upheld the entitlement of ONGC to recover the difference in gas prices as per the contract terms, specifically referencing Clause 5.02 regarding interest on delayed payments. The Court clarified that ONGC was obligated to supply gas at the rates determined by the contract and was entitled to interest for late payments. The applications for interest on the principal amount were considered, with specific cases being dealt with separately, ensuring compliance with the Court's previous orders.