31.12.2008, that the petitioner did not lift the entire quantity of used engine/gear oil that as a result thereof, used engine/gear oil accumulated in various units of the Corporation leading to difficulties in the smooth functioning of the depots and workshops of the Corporation, that as a result thereof the Corporation incurred a huge loss and therefore, the contract entered with the petitioner was terminated and the security deposit was forfeited. It is stated that in view of the default committed by the petitioner during the period of the earlier contract, the Corporation decided not to award the contract to the petitioner and to negotiate with the third respondent, the second highest tenderer. It is further stated that though the third respondent had initially quoted only Rs.17.70 per litre without barrel, on negotiation, they revised their offer to Rs.19.26 per litre with barrel and thereupon the contract was awarded to the third respondent and an agreement was also executed. It is stated that the third respondent has also deposited the sum of Rs.2,00,000/- as security deposit in accordance with the tender notice. A copy of the agreement entered into between the Corporation and the third respondent
