Supreme Court · 2007 INSC 1091 · Decided 12 October 2007
The Security Printing and Minting Corporation of India Limited and ANR. v. M/S. Gandhi Industrial Corporation
- Court
- Supreme Court of India
- Citation
- 2007 INSC 1091 · [2007] 11 S.C.R. 86
- Case number
- CIVIL APPEAL No. 4857/2007
- Decided
- 12 October 2007
- Bench
- A.K. MATHUR, D.K. JAIN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
)- Contract: Terms of contract vis-a-vis terms of tender/ 'r c advertisement-Binding effect of-Held: Once contract comes into existence between parties they are bound by it and not by terms of tender/advertisement-On facts, tender not containing clause regarding non-availability of modvat credit order, appellant added term that modvat D credit availed by claimant would be passed on to it-Claimant protested but continued with contract-Hence, claimant bound by contract and has to restore modvat credit received by it to the --\ appellant-Terms of contract were very clear and understood by
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