Villayati Ram Mittal (P) Ltd. vs UOI and Anr.
Earnest money furnished by tenderer forming part of price-Party inviting tender entitled to forfeit earnest money on fault or failure-The Supreme Court held that when earnest money was furnished by a tenderer it formed part of the price if the offer of the tenderer was accepted or it [LexDoc Id : 394998]
SC
2010
Biodigital (P) Ltd. vs State of Kerala
Award of contract by government-Contract awarded to lowest bidder-The second respondent had invited tenders for purchase and installation of certain machinery. Out of the two tenders received from the appellant and t [LexDoc Id : 402479]
Kotak Mahindra Bank Ltd. vs J.B. Diamonds Ltd.
Winding up: Inability to pay debts-Transactions in derivatives-The petitioner had granted various facilities to the respondent to enable the respondent to hedge foreign currency exposure. Pursuant to such faciliti [LexDoc Id : 393515]
Canara Bank vs Northland Sugar Complex Ltd. (In Liquidation) and Ors.
Winding up: Overriding preferential payments-Sale of entire assets by second respondent, Act of sale not rendering a secured creditor unsecured, Applicant entitled to recover amount with interest from sale proceeds lying in deposit with second respondent-The first respondent was ordered to be wound up. The applicant had granted a term loan to the company in liquidation against the security of plant and [LexDoc Id : 414514]
Reunion Engg. Co. (P) Ltd. vs Kandhan Electricals and Engineers
Winding up: Inability to pay debts-Suit for recovery of a time barred debt-For enabling a person to institute a suit for recovery of a time barred debt on the basis of the provisions of s.25(3) of the Indian Contract Act 1872 [LexDoc Id : 402930]