Ssangyong Engineering And ... vs National Highways Authority Of ...

The Supreme Court addressed the issue of price adjustment in contracts awarded by the National Highways Authority of India (NHAI) to foreign companies. The court held that the appellant, Ssangyong Engineering, was entitled to a price adjustment for the components used in the construction contract, emphasizing the importance of fair compensation in public contracts. The judgment reinforced the principle that contracts must be interpreted in a manner that ensures equitable treatment of parties involved.