The Supreme Court of India has ruled that statutory amendments altering royalty rates will override prior contractual arrangements, as royalty is legally payable on the dispatch of minerals rather than at the time of a tender auction. A bench of Justice Sanjay Karol and Justice Nongmeikapam Kotiswar Singh allowed the appeal filed by the Director
Statutory Royalty Rate Prevails Over Tender Agreement as Royalty is Payable on Dispatch: Supreme Court
