https://www.taxtmi.com/caselaws?id=181560 A State instrumentalitiy supplying gas through selective commercial contracts was not treated as owing a general public utility duty to supply gas to all applicants. For such industrial supply, price fixation was not confined to a cost-plus method; the undertaking could adopt a recognised and relevant commercial basis, including thermal equivalence of alternate fuel, so long as it was not arbitrary or capricious. The court could not compel continued supply at interim prices or prescribe a particular pricing formula. The Supreme Court upheld the price fixation and set aside the High Court's directions to the extent they required supply on judicially imposed terms. en-us Fri, 04 May 1990 00:00:00 +0530 Mon, 14 Jul 2025 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181560 A State instrumentalitiy supplying gas through selective commercial contracts was not treated as owing a general public utility duty to supply gas to all applicants. For such industrial supply, price fixation was not confined to a cost-plus method; the undertaking could adopt a recognised and relevant commercial basis, including thermal equivalence of alternate fuel, so long as it was not arbitrary or capricious. The court could not compel continued supply at interim prices or prescribe a particular pricing formula. The Supreme Court upheld the price fixation and set aside the High Court's directions to the extent they required supply on judicially imposed terms. Case-Laws Indian Laws Fri, 04 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181560