Showing posts with label public auction. Show all posts
Showing posts with label public auction. Show all posts

Saturday, 9 April 2022

Whether Breach Of Contract U/S 74 of The Contact Act is Applicable At Pre-Formation of contract Stage?

The writ petitioner has approached this Court aggrieved by the action of the second respondent in forfeiting the bid security which was submitted by it in the course of a process for award of contract initiated by that respondent. The challenge essentially is to the communication of 18 March 2019 & 28 May 2019 pursuant to which the second respondent apprised the petitioner of its decision to forfeit the bid security which had been submitted.

 40. In the light of the foregoing discussion, we are of the considered opinion that the appellant did not commit any breach of the term(s) and condition(s) of the notice inviting bids and on the other hand, it was the respondents who committed breaches. In these circumstances, the State had no right to forfeit the security amount and instead it should have been returned when demanded by the appellant.”

 Where, however, forfeiture takes place under the terms and conditions of a public auction before agreement is reached, Section 74 would have no application.”

 IN THE HIGH COURT OF DELHI AT NEW DELHI

Judgment pronounced on: 31 March 2022 

 W.P.(C) 8779/2019, 

CM APPLs. 36308/2019 & 44738/2019

 THE INDIAN HOTELS COMPANY LTD. Vs  UNION OF INDIA AND ORS.

CORAM:  MR. JUSTICE YASHWANT VARMA 

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Saturday, 10 September 2016

Whether S 74 of contract Act is applicable when contract has been broken?


It must, however, be pointed out that in cases where a public
auction is held, forfeiture of earnest money may take place even
before an agreement is reached, as DDA is to accept the bid only after
the earnest money is paid. In the present case, under the terms and
conditions of auction, the highest bid (along with which earnest
money has to be paid) may well have been rejected. In such cases,
Section 74 may not be attracted on its plain language because it
applies only “when a contract has been broken”.
REPORTABLE
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO. 193 OF 2015

M/s. Kailash Nath Associates V Delhi Development Authority & Anr. .
Dated:January 09, 2015.
Citation:AIR 2015 SC(Supp)780
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