NATIONAL PROJECTS CONSTRUCTION CORPORATION LIMITED vs ROYAL CONSTRUCTION COMPANY PRIVATE LTD.

The Supreme Court addressed the issue of the relevant date for converting an awarded sum from USD to Indian Rupees, in the context of a contractual dispute involving the interpretation of an agreement and a prior Supreme Court judgment. The Court examined the contractual clauses and the legal principles established in the 2015 judgment to determine the appropriate date for currency conversion. The decision clarified the legal position on the timing of conversion in such contractual and arbitration cases. The Court emphasized the importance of the specific contractual provisions and judicial directives in resolving the dispute.