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High Court of Karnataka Allows Liquidator's Appeal, Upholds Forfeiture of EMD and PDM for Default by Successful Bidder in Liquidation Sale. Writ Petitioner's Failure to Pay Balance Sale Consideration Within Stipulated Time Justified Forfeiture Under IBC Regulations.

The appellant, Sri Pankaj Srivastava, Liquidator of M/s Samrudhi Realty Ltd., appealed against an order dated 12.12.2024 passed by a learned Single Ju...

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High Court of Bombay at Nagpur Dismisses Petitions Challenging Cancellation of Tender by Western Coalfields Limited. Tender cancellation upheld as employer has discretion to cancel tender before issuance of purchase order, and no concluded contract exists.

The judgment concerns two writ petitions filed by successful bidders challenging the cancellation of a global tender issued by Western Coalfields Limi...

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Supreme Court Allows Appeal in Arbitration Case by Restoring Arbitral Award. High Court's Setting Aside of Award Under Section 37(1)(c) of Arbitration and Conciliation Act, 1996 Found Erroneous as It Exceeded Scope of Judicial Review.

The Supreme Court of India heard a civil appeal arising from a dispute between PSA Sical Terminals Pvt. Ltd., the appellant, and The Board of Trustees...

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Bombay High Court Dismisses Petition Challenging Tender Extension in HPCL LPG Cylinder Procurement. Court upholds HPCL's decision to extend contract without re-tendering, finding no arbitrariness or violation of Article 14.

The petitioners, Perfect Alloys and Steel Limited and another, challenged the tender conditions in a Notice Inviting Tender (NIT) dated November 8, 20...

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Supreme Court Upholds Rejection of Tender for Non-Compliant Bank Guarantee in Public Works Contract. Material Deviation in Performance Security Period Cannot Be Condoned After Bid Submission.

The case arose from a tender called by the Vidarbha Irrigation Development Corporation for balance earthwork in a canal. Three bidders responded: Resp...

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Bombay High Court Allows Petition Challenging Discriminatory Tender Conditions in Telecom Infrastructure Bid. Eligibility criteria requiring prior experience in road development and minimum turnover of Rs. 100 crores held arbitrary and violative of Article 14.

The petitioner, High-G Transmissions Pvt. Ltd., a private limited company registered as an Infrastructure Provider under the Indian Telegraph Act, 188...

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Bombay High Court Dismisses Petition Challenging Technical Qualification of Consortium in Tender for Conversion of MODU to MOPU. Court upholds ONGC's decision to treat consortium as technically qualified, finding no arbitrariness or mala fides in the tendering process.

The petitioners, Afcons Infrastructure Limited and others, challenged the decision of Oil & Natural Gas Corporation Ltd. (ONGC) to treat a consortium ...