JINDAL PIPES LTD. vs STATE OF PUNJAB . — C.A. No. 4716/2004

Summary: Jindal Pipes Ltd. v. State of Punjab (C.A. No. 004716/2004) The Supreme Court allowed Jindal Pipes' appeal and set aside the High Court's dismissal of its writ petition. The Court held that State of Punjab wrongfully forfeited Rs. 2 crores earnest money when the company refused to execute an Agency Agreement containing new terms not disclosed in the tender notice. The Court directed the State to refund the earnest money with 6% per annum interest within three months, ruling that absent explicit forfeiture clauses in tender documents, the State could only claim damages, not forfeit the deposit. This case analysis is maintained by casestatus.in based on publicly available court records.