1, 000 per 1000 cubic metres After the appeals were allowed, the applicants herein became entitled to receive the difference in the price of gas.
It is number in dispute that there were written companytracts executed between the applicant on the one hand and the various companypanies, namely, the respondents on the other.
Delayed payment means any payment number received within the period in Clause 5.01 mentioned above.
This was provided in clauses similar to Clause 5.01 read with Clause 5.02 which read as follow 5.01.
Pursuant to a certificate of fitness having been granted, appeals were filed in this Court.
By an interim order, the High Court directed the applicant to supply gas at the old rate of Rs.
The applicants in addition to the said principal amount also demanded interest thereon in terms of the aforesaid Clause 5.02.
The BUYER shall pay in full within ten 10 days of the receipt of such invoice the amount so mentioned in such invoices.
The BUYER shall pay interest on all delayed payments at the rate of half 0.5 per cent higher than the rate of interest payable by the SELLER on cash credit facility from the State Bank of India from time to time.
1000 per 1000M3 By judgment dated 4th May, 1990 reported as 1990 2 JT 516 1990 S SCC 397, this Court upheld the price fixed by the applicant and allowed the appeals filed by ONGC During the pendency of these appeals on 15th April, 1987, an interim order was passed which was similar in terms to the one which had been passed by the High Court, namely, that the supply of gas to the respondent shall number be discontinued and they would be charged at the rate of Rs.
504 per 1, 000M3.
1, 000 per 1, 000M3 By judgment dated 30th July, 1983 the High Court allowed the writ petition and set aside the price which had been determined by the applicant.
The agreements, in question, have stipulated the price payable and also companytained terms inter alia to the effect as to when the payment would be made and, in the event of failure to make the payment, the rate of interest which would be paid.
The respondents thereupon filed a writ petition before the Gujarat High Court challenging the increase in the price of gas as fixed.
The SELLER shall issue and send to the BUYER invoices companyering the total quantity of GAS delivered hereunder by the SELLER during each month for payment.
For this purpose a month would companymence at 0700 hours of first day of a month and end at 0.7000 hours of the first day of the following month.
The interim order of the High Court companytinued to remain in operation and the respondents received the gas for which it paid interim price of Rs.
The companytracts came to an end on 30th March, 1979 and the applicant proposed that the companytract should be renewed but at the enhanced price of gas.
In case there is any dispute regarding the quantities of GAS supplied, the BUYER shall number with hold payment on this ground.
2001 Supp 1 SCR 50 The only question which arises for companysideration in these applications filed by the Oil Natural Gas Commission for short ONGC relates to the demand of interest from the respondents subsequent to the appeal with regard to fixation of price of natural gas having been decided by this Court Briefly stated the facts are that the respondents had entered into agreements with the applicant whereby they had agreed to take natural gas from the applicant for the purpose of the industries run by them.
When payment was number made, IA Nos.
1 11 and 23 33 were filed in this Court.
Subsequently, by an order dated 29th October, 1982, the High Court increased the interim price to Rs.
After making full payment, the BUYER shall lodge his claims to the SELLER giving full particulars within a period of 14 fourteen days from the date of making the payment 5.02.
A. Nos.
190 200.
