O.N.G.C. Ltd vs Official Liquidator & Ors

The Supreme Court addressed the contractual obligations between Oil and Natural Gas Corporation Ltd. (ONGC) and Ambica Mills Co. Ltd. under the Oil and Natural Gas Commission Act, 1959. The Court held that ONGC was entitled to recover charges due from Ambica Mills following the expiration of their contract and subsequent price adjustments. The judgment clarified the authority of ONGC in price fixation and recovery of dues, ultimately allowing ONGC to proceed with its claims against Ambica Mills.