M/S ORIENTAL STRUCTURAL ENGINEERS PVT. LTD. vs STATE OF KERALA

The Supreme Court addressed the dispute between M/s. Oriental Structural Engineers Pvt. Ltd. and the State of Kerala regarding the entitlement to interest on delayed payments under a contract for highway upgradation. The court examined the provisions for dispute resolution through a Disputes Review Board and subsequent arbitration, ultimately ruling in favor of the appellants' claim for interest on delayed payments as stipulated in the contract. The judgment reinforces the importance of adhering to contractual obligations and the rights of contractors in public works.