M/S. Akr Constructions v. State of Kerala
Case brief
What is this about?
Petitioner sought release of retained security and EMD amounts after the Government decided to drop a tendered contract for constructing a warehouse. The Court directed the respondents to release the deposits within two months.
What did the court decide?
Direction to release Earnest Money Deposit (EMD) and security deposit within two months from receipt of the judgment copy.