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Supreme Court Upholds Bank's Reauction and Deposit Forfeiture Under SARFAESI Act, 2002. Auction purchaser's failure to pay balance within stipulated time justified forfeiture, with liberty to pursue recovery through independent proceedings.

The appeal arose from a dispute involving auction proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Secur...

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Bombay High Court Allows Writ Petition Challenging Tender Award for Water Supply Scheme. Court sets aside award to Respondent No.5 and directs fresh evaluation of petitioner's bid as per tender conditions.

The petitioner, Jain Irrigation Systems Limited, a company incorporated under the Companies Act and engaged in manufacturing plastic pipes and executi...

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High Court of Bombay at Goa Dismisses Petitioners' Challenge to Homologation of Partition in Inventory Proceedings. Failure to Appeal Rejection of Objections to Auction Bid by Power of Attorney Renders Order Final, Precluding Challenge at Final Homologation Stage.

The dispute arose out of inventory proceedings initiated upon the death of Paulo Bartholomeu Mendes, in which the petitioners claimed an interest thro...

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Bombay High Court Allows Writ Petition Challenging Tender Cancellation in PMGSY Contract — Violation of Natural Justice and Arbitrary Action. Tender Cancellation Without Show Cause Notice and Without Considering Lowest Bidder's Rights Held Illegal Under Article 14 and 226 of Constitution.

The petitioner, M/s. Mundhe Contractors, a partnership firm, filed a writ petition under Article 226 of the Constitution of India challenging the canc...

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Bombay High Court Dismisses Petitioners' Challenge to Tender Cancellation in Public Works Contract. Court Holds That No Vested Right Arises Until Formal Acceptance of Bid, and Government Has Discretion to Cancel Tender in Public Interest.

The petitioners, Jai Laxmi Constructions and others, filed two writ petitions challenging the cancellation of a tender process and the issuance of a f...

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Bombay High Court Allows Petitions Challenging CIDCO's Cancellation of Tender Process for Lease of Plots. Court holds that CIDCO's decision to cancel tender without valid reasons and without issuing show-cause notice to highest bidders is arbitrary and violative of Article 14 of the Constitution.

The petitioners, M/s. Aditya Enterprises and Mahaavir Superstructures Pvt. Ltd., filed writ petitions challenging the decision of the City and Industr...