The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

CONCOR, conquered what was lost

by Tejas Mundhada July 25, 2019July 25, 2019
written by Tejas Mundhada July 25, 2019July 25, 2019

Nagpur bench of Bombay High Court on July 12 had its judgment clear on the appeal by Container Corporation of India Limited (CONCOR) Vs Kandla Cargo Handler (KCH). The bench consisted of Justice Z A Haq and Justice Vinay Joshi who set aside the decision by the learned Principal District Judge (PDJ), Under the section 34 of Arbitration Act.

The CONOR had its offers for carrying out the work of handling and transporting of containers and cargo at Nagpur container terminal situated at Narendra Nagar. In regarding various companies submitted their tenders in CONCOR, where KCH qualifying the criteria as well as the price bid had the contract for 3 years from April 2002 to March 2005.

As mentioned in the regulations the contract could have been renewed for 2 years extra which were not materialized between the parties, however CONCOR desired to invite fresh offers by issuing new tenders.

After which the district court had asked CONCOR to deposit 37 crore, which was not allowed to be picked by the KCH, as the CONCOR had approached the High Court. CONCOR had a failure at the District Court in 2018 after which Advocate Anil Mardikar decide to file the application to PDJ to court in both the matter, i.e filed by CONCOR and Field by KCH for hearing by the single judge.

The High Court reversed the orders of District Court as the bench of judges has been changed, the continuous re-hearings have started on day to day basis. At Nagpur bench of Bombay High Court all of the effective hearings completed on May 2019 and the judgment was delivered in the favor of CONCOR mentioning that the amount deposited by CONCOR amounting to Rs. 37, 12,01,685 along with the bank interest will be returned after submission of the undertaking.     

Get the latest Nagpur Business news and updates about the city’s economy, business, and   market. For an exclusive & live updates from the Nagpur, stay connected with THE LIVE NAGPUR.

city newslive nagpurnagpur business newsnagpur news
0 comment
FacebookTwitterLinkedin
Tejas Mundhada

previous post
Some relief to nagpurians as monsoon arrives in City
next post
Malvika surprises  World. No.1 Chaiwan

You may also like

India’s first plant protein cluster making country a...

July 5, 2022

VIA LEW Masterclass on “How to be Pitch...

July 4, 2022

Butibori Manufacturers Association to observe no-honking day on...

July 2, 2022

VIA to organise “Plant Based Foods Export” Workshop...

July 2, 2022

Withdrawal of GST exemption on Room Tariff will...

June 30, 2022

VIA-LEW organized program on Recent changes in Income...

June 30, 2022

Seminar on amendments in GST and compliances in...

June 30, 2022

GST new rates, check list of items, services...

June 30, 2022

Isha Ambani to become chairman of Reliance conglomerate’s...

June 29, 2022

Power Deptt, Adani group sign MoU, Generation of...

June 28, 2022

Trending News

  • Rahul Narvekar is new Mah Assembly Speaker

    July 3, 2022
  • India logs 17,070 new COVID cases in last 24 hours

    July 1, 2022
  • Rise in COVID cases, India reports 18,819 positive in last 24 hours

    June 30, 2022
  • First batch of pilgrims leaves for Amarnath Yatra

    June 30, 2022
  • India bans single use plastic, to be in effects from July, check list of ban items

    June 28, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

July 2019
M T W T F S S
« Jun   Aug »
1234567
891011121314
15161718192021
22232425262728
293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.