NTPC LTD. vs BHASIN CONSTRUCTION P.LTD.

The Supreme Court upheld the High Court's decision to modify the awards given by the Arbitrator, directing NTPC to pay Bhasin Construction a sum of Rs.95,394.10 with interest at 9% per annum from the date of the award. The Court emphasized that the determination of fair wages must align with the prevailing minimum wages as per the governing laws in the respective states, specifically referencing the revised minimum wage notification from Madhya Pradesh. The judgment reinforces the principle that contractual obligations must adhere to statutory wage regulations, ensuring fair compensation for laborers.