Search Results for "forfeiture of security deposit"

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Search Results for "forfeiture of security deposit"

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High Court

"Fraud Vitiates Contracts: Bombay High Court Upholds Termination Over Forged Bank Guarantees." "Integrity in public contracts remains paramount—fraud nullifies all claims."

19 Dec 2024

The Bombay High Court dismissed the writ petition filed by Petitioner challenging the termination of its railway contract. The court held that the sub...

Supreme Court

Supreme Court Quashes High Bid in Mining Lease e-Auction, Orders Fresh Auction and Penalty. Supreme Court finds error in 140.10% bid to be a genuine mistake, mandates a fresh e-auction while imposing a Rs 3 crore penalty on appellant for lack of due care.

15 Jul 2024

Granted leave to appeal against the judgment of the High Court of Orissa, which dismissed the writ petition of the appellant who had mistakenly placed...

Supreme Court

Supreme Court Dismisses Appeal in Arbitration Case Over Contract Termination and Interest Dispute. The court upheld the High Court's setting aside of arbitral award parts on forfeiture of security deposits and interest on certain advances, citing impermissible clause switching and lack of contractual basis for interest.

17 Mar 2023

The dispute arose from a construction contract between Indian Railway Construction Company Limited (IRCON) and National Buildings Construction Corpora...

Supreme Court

Supreme Court Dismisses Challenge to Forfeiture of Security Deposit in Tender Matter — Bid Modification During Validity Period Justifies Forfeiture Under Clause 14.5(b). The Court held that the petitioner's request to modify its price bid after submission constituted a variation under the tender clause, justifying forfeiture without proof of loss under Section 74 of the Indian Contract Act.

3 Dec 2021

The case involves a dispute between Pooja Ceratech Private Limited (petitioner) and Oil and Natural Gas Corporation Ltd. (respondent) regarding the fo...

Supreme Court

Supreme Court Allows Appeal in Arbitration Case, Reinstating District Judge's Decision Upholding Arbitral Award. High Court Exceeded Jurisdiction Under Section 37 of Arbitration and Conciliation Act, 1996 by Re-evaluating Evidence and Decreeing Claim, Contrary to Limited Scope of Judicial Review.

13 Nov 2021

The dispute originated from a contract dated 4 April 2002 between Punjab State Civil Supplies Corporation Ltd and M/s Ramesh Kumar and Company for the...

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