Supreme Court of India

National Thermal Power Corporation Ltd. v. M/s. Ashok Kumar Singh & Ors.

Neutral citation
Reported as [2015] 2 S.C.R. 388
Bench T.S. Thakur, R.K. Agrawal and Adarsh Kumar Goel JJ.
Decided 13 February 2015

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

Government contracts: Forfeiture of earnest money on withdrawal of bids- Challenged- Held: In terms of condition no.2 of Special condition of contract, revocation of tender was by itself sufficient to call for forfeiture of earnest money- Therefore, respondents cannot contend that the right to withdraw the bid in terms of s. 5 of the Contract Act, 1872 would entitle them to withdraw without suffering forfeiture of the earnest money. Allowing the appeal, the Court HELD: plain reading of Condition no.2 of Special Conditions of Contract would show that one of the Special Conditions of Contract,

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