Supreme Court of India · 2019-11-28
ODISHA FOREST DEVELOPMENT CORPORATION LTD. vs M/S ANUPAM TRADERS
- Citation / case number
- SC 2019/24104
- Court
- Supreme Court of India
- Petitioner
- ODISHA FOREST DEVELOPMENT CORPORATION LTD.
- Respondent
- M/S ANUPAM TRADERS
- Author
- HON'BLE MR. JUSTICE A.S. BOPANNA
- Bench
- HON'BLE MRS. JUSTICE R. BANUMATHI, HON'BLE MR. JUSTICE A.S. BOPANNA, HON'BLE MR. JUSTICE HRISHIKESH ROY
Judgment text excerpt
The Supreme Court addressed appeals concerning the cancellation of an agreement for the sale of phal Kendu leaves by the Odisha Forest Development Corporation Ltd. (OFDC Ltd.) due to the private respondent's failure to deposit the required security amount by the stipulated deadline. The Court held that the cancellation was justified as the private respondent did not comply with the terms of the agreement, specifically the requirement under the agreement dated 20.01.2017. The Court upheld the decision of the High Court allowing OFDC Ltd. to proceed with the re-tendering process, affirming the legal principle that parties must adhere to contractual obligations.