Case Law Analysis
|Supreme Court of India
Fuel Supply Agreement Pricing | Supreme Court Empowers Respondent to Choose Benchmark Date for Current Rate : SC
The Supreme Court ruled that in coal supply disputes under a Fuel Supply Agreement, the respondent may select either the 2014 or 2019 date as the benchmark for determining the current price, rejecting a Rs. 106.6 crore compensation claim. This holding clarifies the equitable remedy of supply at market rates while emphasizing judicial compliance over rigid pricing formulas, impacting energy sector contracts and public utilities.