Supreme Court · 2011 INSC 588 · Decided 17 August 2011
State of Haryana & ORS. v. M/S Malik Traders
- Court
- Supreme Court of India
- Citation
- 2011 INSC 588 · [2011] 10 S.C.R. 372
- Case number
- CIVIL APPEAL No. 7033/2011
- Decided
- 17 August 2011
- Bench
- V.S. SIRPURKAR, CYRIAC JOSEPH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 5
Headnote
Contract: c 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 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 E period
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