M/S. KARNATAKA STATE FOREST INDUS.CORPN. vs M/S. INDIAN ROCKS

The Supreme Court addressed the legality of the tender process for the sale of granite blocks by the Karnataka State Forest Industries Corporation Ltd. under the Karnataka Forest Act, 1963, specifically referencing Section 50. The Court held that the terms of the tender were binding and enforceable, emphasizing that the successful bidder must comply with all conditions, including payment and obtaining necessary transit permits. The appeal was dismissed, affirming the forfeiture of the deposit due to breach of contract by the respondent.