https://www.taxtmi.com/caselaws?id=464991 A standard-form public works contract cannot defer admitted payment indefinitely by relying on an uncertain queue system or future fund availability; the payment clauses must be read as requiring release within a reasonable contractual time, here treated as the outer periods stated in the contract. The security deposit or earnest money must be refunded once the stipulated clearance conditions are met, and it cannot be withheld for internal administrative reasons or lack of funds. Where payment is delayed beyond the reasonable period, interest may follow under general interest and compensation principles, though any earlier consent order may govern the same work orders. Simple interest was linked to the security deposit from the decree date, with no pendente lite interest. en-us Thu, 22 Mar 2018 00:00:00 +0530 Fri, 28 Nov 2025 20:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464991 A standard-form public works contract cannot defer admitted payment indefinitely by relying on an uncertain queue system or future fund availability; the payment clauses must be read as requiring release within a reasonable contractual time, here treated as the outer periods stated in the contract. The security deposit or earnest money must be refunded once the stipulated clearance conditions are met, and it cannot be withheld for internal administrative reasons or lack of funds. Where payment is delayed beyond the reasonable period, interest may follow under general interest and compensation principles, though any earlier consent order may govern the same work orders. Simple interest was linked to the security deposit from the decree date, with no pendente lite interest. Case-Laws Indian Laws Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464991