Supreme Court of India
State of Haryana & Ors. v. M/s Malik Traders
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
The appeal is allowed and the order dated 7.7.2009 passed by the High Court of Punjab & Haryana in C.W.P. No. 2266 of 2009 is set aside. Consequently, the writ petition stands dismissed. There will be no order as to costs.
Judgment, 12
From the headnote
Contract: Tender - Inviting of bids for collection of toll - Terms of bid requiring to keep the offer/bid open for acceptance upto 90 days after the last date of receipt of bid - Letter of acceptance issued to bidder within the bid validity period - Bidder failed to deposit security amount and the first instalment within the stipulated period - Letter of acceptance issued to bidder cancelled and bid security forfeited - HELD: A person may have a right to withdraw his offer, but if he has made his offer on a condition that the Bid Security amount can be forfeited in case he withdraws the offer during the period of bid validity, he has no right to claim that the Bid Security should not be forfeited and it should be returned to him…
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Of those, 1 relied on
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