Supreme Court Clarifies Contract Formation in Tender Cases: South Eastern Coalfields Ltd. vs. M/s. S. Kumar’s Associates (2021)
Supreme Court Clarifies Contract Formation in Tender Cases: South Eastern Coalfields Ltd. vs. M/s. S. Kumar’s Associates (2021) LEGAL ISSUE: Whether a contract is formed when a Letter of Intent (LoI) is issued and some preliminary steps are taken, but the formal contract is not executed and the required security deposit and integrity pact are […]