Fair Price - Definition - Law Dictionary Home Dictionary Definition fair-price

Definition :

Fair price, the fair price has to be determined in respect of the entire produce ensuring to the industry a reasonable return on the capital employed in the business of manufacturing sugar, Anakapalle Co-op. Agrl. And Industrial Society Ltd. v. Union of India, AIR 1973 SC 734 (736): (1973) 3 SCC 435: (1973) 2 SCR 882.