Supreme Court · 2007 INSC 101 · Decided 2 February 2007
M/S. Puravankara Projects LTD. v. M/S. Hotel Venus International and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 101 · [2007] 2 S.C.R. 215
- Case number
- CIVIL APPEAL No. 7560/2005
- Decided
- 2 February 2007
- Bench
- ARIJIT PASAYAT, S.H. KAPADIA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 23
Headnote
B Kera/a Land Reforms Act, 1963--Sections 81(3)(b) and 87-Transfer of land by Government with authority to sell it in public auction-Transferee selling it to successful bidder in tender-Jn pre-bid meeting, transferee assuring C that exemption notification from government under Section 81 (3) (b) insisting on it as pre condition to furnishing of bank guarantee as per tender terms-Second highest bidder knowing that bank guarantee had not been furnished, matched the highest offer and entire payment in lump sum-On failure of successful bidder to furnish bank guarantee, transferee cancelling
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