The seven-member Lokpal headed by Justice A M Khanwilkar has invited bids to buy seven BMW 3 Series 330Li cars worth Rs.70 lakh each, sparking criticism as the tender mandates delivery within 30 days with no extension allowed.
The Supreme Court of India ruled that a buyer failing to meet contractual obligations cannot claim a refund, upholding a Rs 20 lakh forfeiture in a property dispute. The court clarified the distinction between “earnest money” and “advance,” concluding the seller’s actions were justified due to the buyer’s default and lack of a refund request.
