POOJA CERATECH PVT. LTD. vs OIL AND NATURAL GAS CORPORATION LTD.

The Supreme Court addressed the appeal of Pooja Ceratech Private Limited against the High Court's dismissal of its writ petition concerning the forfeiture of bank guarantees by Oil and Natural Gas Corporation Limited. The petitioner argued that it should have been allowed to modify its price bid due to a mistake. The Court upheld the High Court's decision, affirming that the Corporation acted within its rights under the tender conditions, and the forfeiture of the bank guarantees was justified.