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    <title>1994 (2) TMI 326 - Supreme Court</title>
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    <description>An arbitrator may award reimbursement for increased fair wages where the contract, read as a whole, requires payment of fair wages and shows reimbursement by necessary implication; the award is valid to that extent. Reimbursement for higher minimum wages was not sustainable because that increase flowed from statutory compulsion, not from any express or implied contractual undertaking. The quantum of reimbursement for fair-wage escalation was not fully worked out and required limited recalculation on the existing record. The award was therefore sustained only in part, with remand confined to quantification of the amount payable for increased fair wages and interest modified to 9%.</description>
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    <pubDate>Wed, 16 Feb 1994 00:00:00 +0530</pubDate>
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      <title>1994 (2) TMI 326 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=296845</link>
      <description>An arbitrator may award reimbursement for increased fair wages where the contract, read as a whole, requires payment of fair wages and shows reimbursement by necessary implication; the award is valid to that extent. Reimbursement for higher minimum wages was not sustainable because that increase flowed from statutory compulsion, not from any express or implied contractual undertaking. The quantum of reimbursement for fair-wage escalation was not fully worked out and required limited recalculation on the existing record. The award was therefore sustained only in part, with remand confined to quantification of the amount payable for increased fair wages and interest modified to 9%.</description>
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      <pubDate>Wed, 16 Feb 1994 00:00:00 +0530</pubDate>
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