State Of Rajasthan & Ors vs M/S Dev Ganga Enterprises

The Supreme Court addressed the interpretation of Rule 61 of the Rajasthan Minor Mineral Concession Rules, 1986, regarding the entitlement of a contractor to a grace period for payment of dues under an 'Excess Royalty Collection Contract'. The Court upheld the High Court's ruling that a contractor is entitled to a 15-day grace period after the due date for payment without incurring interest, clarifying that interest can only be charged on payments made after this grace period. The appeal by the State Government was dismissed, affirming the contractor's rights under the contract.