NCLAT: Can File App. u/s 7 of IBC when Entire Liability Not Discharged after Selling Pledged Shares  ||  NCLAT: Recovery Proceedings before DRT doesn’t Prohibit Financial Creditors from Filing App. u/s 7  ||  Ker. HC: Women Face Discrimination at Multiple Level Due to their Inter- Sectionality  ||  Del. HC: Amounts Received by ERC under Filing Fee, Tariff Fee Not Exigible to Tax  ||  Ker. HC: Equity, Justice, Convenience Govern the Question Whether Joint Trial is Required or Not  ||  Ker. HC: Equity, Justice, Convenience Govern the Question Whether Joint Trial is Required or Not  ||  Delhi HC: Benchmark of Rs. 50 Lakh Income to be Met at Initiation of Reassessment Proceedings  ||  MP HC: No Prohibition on Issuance of Passport without Father’s Consent  ||  Del. HC: Samsung India Electronics is Not Samsung Korea’s Permanent Establishment in India  ||  Guj. HC: Machines Used for Welding in Residential Society is Nuisance    

NCLAT: Successful Bidder Cannot be Permitted to Wriggle Out of Bid Claiming Conditional Offer - (17 Jan 2022)

COMMERCIAL

National Company Law Appellate Tribunal has held that a Successful Bidder cannot wriggle out of the contractual obligations and withdraw the bid after payment of Earnest Money Deposit (EMD) and seek refund of the amount on the ground that the offer made by the Bidder was a conditional offer.

Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL   SUCCESSFUL BIDDER  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved