Mahanadi Coalfields Ltd. & Ors vs Dhansar Engineering Company ...

The Supreme Court upheld the decision of the High Court regarding the interpretation of the contract terms related to the extraction and transfer of Coal/Coal Measure Strata. The Court emphasized that time is of the essence in contracts as per the agreement clauses, specifically noting that the completion date was set for 15.04.2004. The Court ruled that variations in the quantity of work, as stipulated in the contract, do not entitle the contractor to claims against the company, thereby affirming the validity of the contract's terms under the Indian Contract Act, 1872.