https://www.taxtmi.com/caselaws?id=179605 The Supreme Court ruled in favor of Oil and Natural Gas Commission (ONGC), allowing it to claim interest on the principal amount from the respondents following a court appeal on natural gas price fixation. ONGC was entitled to interest as per the contractual terms, despite the absence of specific mention in the main judgment. The Court permitted ONGC to recover the entire amount if respondents failed to provide payment undertakings, outlining a repayment plan over five years for the interest amount. This decision upheld ONGC's pricing and facilitated the recovery of outstanding dues. en-us Thu, 26 Jul 2001 00:00:00 +0530 Sat, 05 Mar 2016 11:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179605 The Supreme Court ruled in favor of Oil and Natural Gas Commission (ONGC), allowing it to claim interest on the principal amount from the respondents following a court appeal on natural gas price fixation. ONGC was entitled to interest as per the contractual terms, despite the absence of specific mention in the main judgment. The Court permitted ONGC to recover the entire amount if respondents failed to provide payment undertakings, outlining a repayment plan over five years for the interest amount. This decision upheld ONGC's pricing and facilitated the recovery of outstanding dues. Case-Laws Indian Laws Thu, 26 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179605