Supreme Court of India

Villayati Ram Mittal (pvt.) Ltd. v. Union of India & Anr.

Neutral citation
Reported as [2010] 11 S.C.R. 578
Bench Altamas Kabir J.
Decided 21 September 2010

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

CONTRACT: c Tender - Forfeiture of earnest money - Tender for construction work - Tender notice - Clause stipulating forfeiture of earnest money on revocation of offer - Tenderer whose bid was found lowest, sending a letter to employer making correction of a figure in its tender - Correction treated 0 as revocation of offer and earnest money forfeited by . employer - Held: When earnest money is furnished by a tenaerer it forms part of the price if the offer of the tenderer is accepted or it is refunded to the tenderer if someone else's offer is accepted, but if for some fault or failure on

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