Supreme Court of India
M/s Abci Infrastructures Pvt. Ltd. v. Union of India and Others
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1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the aforesaid discussion, we direct the Appellant to pay Rs.1 crore to BRO, as a consequence of their error.
Judgment, page 10
From the headnote
Issue for Consideration Whether BRO-Border Road Organisation was justified in accepting the bid of Rs.1,569/-, and on the failure of the appellant-L1 bidder to execute the agreement asking for forfeiture vide encashment of bank guarantee of Rs.15,04,64,000/-. Headnotes† Contract Act, 1872 – s.20 – Mistake of fact – Tender dispute – Forfeiture of bank guarantee/bid security on default – Respondent no.2- Border Road Organisation invited bids for the construction of tunnels and appellant ranked as L-1 bidder – When financial bids opened, the appellants discovered their mistake that instead of
Authorities it was built on
Where later benches applied it
Of those, 1 referred to
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