M/S PURAVANKARA PROJECTS LTD. vs M/S HOTEL VENUS INTERNATIONAL .

The Supreme Court upheld the Kerala High Court's decision that the cancellation order dated 13.4.2005 by GIDA was illegal, affirming that M/s Hotel Venus International was entitled to additional time to provide the bank guarantee as mandated by Section 81(3)(b) of the Kerala Land Reforms Act, 1963. The Court clarified that the exemption notification was a prerequisite for the tender process, and the failure to furnish the bank guarantee did not invalidate the tender acceptance. Consequently, the appeal by M/s Puravankara Projects Ltd. was dismissed, maintaining the status of the successful bidder, Venus.