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    <title>2007 (2) TMI 582 - Supreme Court</title>
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    <description>In a tender dispute, the SC held that an exemption notification under the Kerala Land Reforms Act was not a condition precedent to the bidder&#039;s obligation to furnish the bank guarantee and complete the tender formalities; the tender had to be enforced as drafted, so the High Court was wrong to read in a postponed compliance requirement. The Court further held that Section 87 did not make the tender contract unenforceable or void, because that provision did not apply at the stage of tender confirmation and guarantee compliance, and no illegality in the tender process attracted Section 23 of the Contract Act. The cancellation of the bidder&#039;s confirmation letters was therefore upheld.</description>
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    <pubDate>Fri, 02 Feb 2007 00:00:00 +0530</pubDate>
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      <title>2007 (2) TMI 582 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=156276</link>
      <description>In a tender dispute, the SC held that an exemption notification under the Kerala Land Reforms Act was not a condition precedent to the bidder&#039;s obligation to furnish the bank guarantee and complete the tender formalities; the tender had to be enforced as drafted, so the High Court was wrong to read in a postponed compliance requirement. The Court further held that Section 87 did not make the tender contract unenforceable or void, because that provision did not apply at the stage of tender confirmation and guarantee compliance, and no illegality in the tender process attracted Section 23 of the Contract Act. The cancellation of the bidder&#039;s confirmation letters was therefore upheld.</description>
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      <pubDate>Fri, 02 Feb 2007 00:00:00 +0530</pubDate>
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