https://www.taxtmi.com/caselaws?id=325743 Suppression of material facts and lack of candour can defeat equitable relief where a petitioner withholds the allegation that VAT clearance certificates were forged and later offers an explanation inconsistent with an earlier affidavit asserting their genuineness. The Court also noted that no final debarment order had been passed under the Rajasthan Transparency in Public Procurement Act, 2012; only a communication to the bank for invocation of bid security had been issued after the certificates were found forged. In commercial matters, interference with invocation of a bank guarantee is ordinarily not warranted. Relief was therefore refused and the challenge to invocation of the guarantee failed. en-us Mon, 18 Jan 2016 00:00:00 +0530 Tue, 29 Mar 2016 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325743 Suppression of material facts and lack of candour can defeat equitable relief where a petitioner withholds the allegation that VAT clearance certificates were forged and later offers an explanation inconsistent with an earlier affidavit asserting their genuineness. The Court also noted that no final debarment order had been passed under the Rajasthan Transparency in Public Procurement Act, 2012; only a communication to the bank for invocation of bid security had been issued after the certificates were found forged. In commercial matters, interference with invocation of a bank guarantee is ordinarily not warranted. Relief was therefore refused and the challenge to invocation of the guarantee failed. Case-Laws Indian Laws Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325743