Supreme Court of India
South Eastern Coalfields Ltd. & Ors. v. M/s. S. Kumar’s Associates Akm (jv)
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1 Supreme Court bench has cited this judgment.
From the headnote
Contract: Invitation of tender for hiring of equipm ents and machine for excavation and drilling work – Responde nt was successful bidder – Issuance of Letter of Intent (LOI) – In terms of LOI, the respondent was to mobilize equipment for ex ecuting the work; Respondent was called upon to deposit Performance Securit y Deposit for a sum total of 5% of annualized contract amount wi thin 28 days from the date of receipt of the LOI; sign the Integ rity Pact before entering into the agreement in accordance wit h the tender document – Respondent mobilized resources at site an d appellant issued
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