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From arbitration to tax refund, here are the key court orders

Started by devikad, Aug 26, 2020, 05:35 PM

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devikad

Blacklisting must follow due process The government and its entities hold the largest number of contracts. Therefore, if any of them blacklists a contractor, manufacturer, supplier or consultant, it could be a financial disaster for them. Since public sector undertakings are seen to be liberal in taking this drastic step, the Supreme Court of India had asked them to draft some guidelines.

In one judgment related to a real estate firm two years ago, it had even given a two-week deadline to do so. But it has not been adhered to. Last fortnight, the court struck down yet another ...

Source of: Business Standard

KeenanCannon

I wonder if, given that this thread is three years old, there have been any significant updates?

ClarkWillson

Stumbled upon your post from a few years back and it still feels very relevant, especially in the context of how public sector undertakings handle contracts. The Supreme Court's directive is a step in the right direction, ensuring that due process is followed before any blacklisting takes place.
The lack of adherence to court deadlines is concerning and opens up an avenue for Financial Services Litigation. Legal professionals in this area specialize in resolving conflicts related to contractual agreements, including issues with the public sector.