https://www.taxtmi.com/caselaws?id=156705 The dominant issue was whether the contract entitled a contractor to labour-escalation payments without strict proof of actual disbursement of enhanced minimum wages to workmen. The SC held that the parties had consciously rejected "reimbursement on actuals" and instead agreed to a formula-based revision of the rate structure linked to statutorily notified minimum wages, accepted by the public authority with stipulated conditions; the authority had also accepted the industrial award/settlement and had previously paid escalation, affirming contractual liability. Accordingly, the direction to pay the quantified amounts was upheld. On interest, the SC found 18% excessive in the circumstances and modified the decree by reducing interest to 9% per annum, with recalculation on that basis. en-us Wed, 19 Jul 2000 00:00:00 +0530 Sat, 20 Dec 2025 20:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156705 The dominant issue was whether the contract entitled a contractor to labour-escalation payments without strict proof of actual disbursement of enhanced minimum wages to workmen. The SC held that the parties had consciously rejected "reimbursement on actuals" and instead agreed to a formula-based revision of the rate structure linked to statutorily notified minimum wages, accepted by the public authority with stipulated conditions; the authority had also accepted the industrial award/settlement and had previously paid escalation, affirming contractual liability. Accordingly, the direction to pay the quantified amounts was upheld. On interest, the SC found 18% excessive in the circumstances and modified the decree by reducing interest to 9% per annum, with recalculation on that basis. Case-Laws Indian Laws Wed, 19 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156705