Supreme Court rules against forfeiture of security deposit in auction case: Suresh Kumar Wadhwa vs. State of M.P. (25 October 2017)

/ Abhay Manohar Sapre, Auction Law, Breach of contract, Forfeiture Clause, Indian Contract Act, 1872, Indian Contract Act, 1872 with Section 74, Judges, Public Auction, R.K. Agrawal, Security Deposit, Terms and Conditions

Date of the Judgment: 25 October 2017 Citation: (2017) INSC 923 Judges: R.K. Agrawal, J. and Abhay Manohar Sapre, J. Can a government body forfeit a security deposit when the terms of the auction were not fully disclosed? The Supreme Court of India addressed this question in a case involving a public auction of land. […]

Supreme Court rules against forfeiture of security deposit in auction case: Suresh Kumar Wadhwa vs. State of M.P. (25 October 2017) Read Post »