https://www.taxtmi.com/caselaws?id=458456 The HC partially allowed the writ petition challenging debarment from tenders for three years and non-encashment of bank guarantee. The court held that by amending the purchase order and reducing transformer quantities, the opposite parties waived their right to enforce original contract conditions and were estopped from taking coercive action. The debarment order was quashed as it violated principles of natural justice by not providing prior notice or opportunity to be heard. However, for balancing equity, the court sustained the direction regarding bank guarantee amount while quashing the debarment from future tenders. en-us Tue, 03 May 2016 00:00:00 +0530 Mon, 28 Oct 2024 21:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458456 The HC partially allowed the writ petition challenging debarment from tenders for three years and non-encashment of bank guarantee. The court held that by amending the purchase order and reducing transformer quantities, the opposite parties waived their right to enforce original contract conditions and were estopped from taking coercive action. The debarment order was quashed as it violated principles of natural justice by not providing prior notice or opportunity to be heard. However, for balancing equity, the court sustained the direction regarding bank guarantee amount while quashing the debarment from future tenders. Case-Laws Companies Law Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458456