https://www.taxtmi.com/caselaws?id=184732 The SC set aside the HC's judgment, dismissing the writ petition and upholding the forfeiture of bid security. It ruled that the bank guarantee was enforceable as per its terms, emphasizing its purpose to prevent bid withdrawal within the specified period. The SC clarified that contractual disputes fall outside the jurisdiction of a Writ Court under Article 226 of the Constitution, thus the HC should not have entertained the petition. The appellant's invocation of the bank guarantee was deemed valid, and the refund ordered by the HC was unjustified. en-us Thu, 28 Aug 2003 00:00:00 +0530 Tue, 09 Jul 2024 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184732 The SC set aside the HC's judgment, dismissing the writ petition and upholding the forfeiture of bid security. It ruled that the bank guarantee was enforceable as per its terms, emphasizing its purpose to prevent bid withdrawal within the specified period. The SC clarified that contractual disputes fall outside the jurisdiction of a Writ Court under Article 226 of the Constitution, thus the HC should not have entertained the petition. The appellant's invocation of the bank guarantee was deemed valid, and the refund ordered by the HC was unjustified. Case-Laws Indian Laws Thu, 28 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184732