https://www.taxtmi.com/caselaws?id=304920 The court set aside the forfeiture of the earnest money deposit of Rs. 50,00,000, directing the respondents to refund the amount to the petitioner within four weeks. The disputes regarding the cancellation of the Letter of Intent and debarring the petitioner from future bids were left for resolution through arbitration or other legal remedies. The court emphasized the obligation of state authorities to act fairly and not arbitrarily, allowing the writ petition to address the arbitrariness in the forfeiture while maintaining the petitioner's right to seek redress under Article 226 of the Constitution of India. en-us Thu, 25 Jul 2019 00:00:00 +0530 Fri, 11 Nov 2022 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304920 The court set aside the forfeiture of the earnest money deposit of Rs. 50,00,000, directing the respondents to refund the amount to the petitioner within four weeks. The disputes regarding the cancellation of the Letter of Intent and debarring the petitioner from future bids were left for resolution through arbitration or other legal remedies. The court emphasized the obligation of state authorities to act fairly and not arbitrarily, allowing the writ petition to address the arbitrariness in the forfeiture while maintaining the petitioner's right to seek redress under Article 226 of the Constitution of India. Case-Laws Indian Laws Thu, 25 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304920