STATE OF HARYANA & ORS. versus M/S JAI DURGAA FINVEST P. LTD.

Issue for consideration

Whether the amount of security deposit given by the Respondent- contractor will carry interest Rules, 1964 – An auction notice was given for the extraction of Yamuna sand from Bega Murthal Sand Zone – Respondent firm was the highest bidder – The bid was accepted by the Appellant – On 30.11.1998, a contract was executed between the parties in terms of the Form-L