Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Delay in Paying ₹80.26 Cr Price Adjustment Under GST Linked Works Contract: Telangana HC Orders 6% Interest for Late Payment
Civil LawGST
The Telangana High Court ordered 6% interest for the delayed payment of ₹80.26 crore price adjustment under a GST-linked works contract. The court recognized the delay in payment and directed the payment of interest as compensation for the delayed funds. This ruling highlights the obligation to make timely payments in contractual agreements, especially those involving government projects, and provides a remedy for delayed payments.
