State Of Madhya Pradesh And Anr. vs Firm Gobardhan Dass Kailash Nath on 7 March, 1973
In State of M.P. v. Firm G. Dass (AIR 1973 SC 1164) the position was this: Where in response to notice issued by the Chief Conservator of Forests, certain firm offered their tenders for purchase of certain forest products and their tenders being highest were accepted for and on behalf of the Chief Conservator, but the firm failed to make, on the spot, the initial deposit of 26 per cent of the purchase price as offered, which in view of the notice was condition precedent for the acceptance of the tender, in the absence of any power in the Chief Conservator to waive such conditions, the purported acceptance was not a valid one and there was no concluded contract between the firm and the Chief Conservator.