P. RADHAKRISHNA MURTHY vs M/S. N.B.C.C. LTD.

The Supreme Court upheld the High Court's decision modifying the Arbitrator's award in favor of the contractor, P. Radhakrishna Murthy, against M/s. N.B.C.C. Ltd. The Court confirmed the High Court's rejection of certain claims while allowing the contractor to receive Rs. 9,01,871.53 with interest at 12% per annum from 28.12.1987. The judgment emphasized the importance of adherence to the Central Public Works Department's Schedule of Rates in construction contracts, affirming the contractual obligations of both parties under the relevant tender provisions.