THE ASSAM STATE ELECTRICITY BOARD REPRESENTED BY ITS CHAIRMAN vs BUILDWORTH PVT. LTD. REPRESENTED BY ITS DIRECTOR SHRI PRADIP KUMAR SINGH — C.A. No. 484/2008

Case Summary: Assam State Electricity Board v. Buildworth Pvt. Ltd. Court Decision: The Supreme Court dismissed the Board's appeal and allowed Buildworth's appeals. The arbitrator's awards for price escalation and idling charges were upheld. Interest was awarded from 20 April 1987 to 31 December 1997 and thereafter at 12% p.a. (reduced from the awarded 18% p.a.). Key Reasoning: The Court held that price escalation applies beyond the scheduled contract period when work extends due to circumstances beyond the contractor's control, and that arbitrators can award interest on damages under the Interest Act, 1978, even for pre-reference periods when notice is given. This case analysis is maintained by casestatus.in based on publicly available court records.