National Highways Authority of India v. Ganga Enterprises and Anr.
National Highways Authority of India v. Ganga Enterprises and Anr. AIR 2003 SC 3823 (on demand performance guarantee) FACTS: Appellant (N) issued a tender notice for collection of toll on a part of a highway. For this purpose two types of securities were to be furnished, bank guarantee and performance security by way of a…