24th December , 2021

Can Letter of Intent be Regarded as a Binding Contract - S Kumar Case

On the 23rd of July, 2021, the division bench of the Hon’ble Supreme Court of India (“SC”) unanimously decided the Special Leave Petitions (“SLP”) filed against the judgment of the Chhattisgarh High Court (“HC”). [South Eastern Coalfields Ltd. and Others v. S. Kumar's Associates AKM (JV), 2021 SCC OnLine SC 486] The case primarily concerns the issue surrounding the Letter of Intent (“LoI”) awarded to the respondent in pursuance of a tender floated by the appellant.

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