https://www.taxtmi.com/caselaws?id=404921 The Tribunal concluded that the contract was automatically extended for another year based on satisfactory performance and non-termination. The Resolution Professional's actions to invite fresh tenders were not warranted and did not comply with the contract terms and the Indian Contract Act, 1872. Therefore, the Tribunal allowed the Applicant's request and set aside the steps taken by the Resolution Professional to invite fresh tenders. en-us Mon, 21 Sep 2020 00:00:00 +0530 Sun, 07 Mar 2021 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404921 The Tribunal concluded that the contract was automatically extended for another year based on satisfactory performance and non-termination. The Resolution Professional's actions to invite fresh tenders were not warranted and did not comply with the contract terms and the Indian Contract Act, 1872. Therefore, the Tribunal allowed the Applicant's request and set aside the steps taken by the Resolution Professional to invite fresh tenders. Case-Laws Insolvency and Bankruptcy Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404921