M/S Oriental Structural Engineers Pvt. ... vs State Of Kerala

The Supreme Court addressed the issue of entitlement to interest on delayed payments under a contract for the upgradation of a State Highway in Kerala. The court emphasized the importance of the Disputes Review Board (DRB) process as stipulated in the agreement, which required parties to seek resolution through arbitration if they disagreed with the DRB's recommendations. Ultimately, the court ruled in favor of the appellants, affirming their right to receive interest on delayed payments as per the contractual terms.