Union Of India (Uoi) vs Rampur Distillery And Chemical Co., ... on 20 February, 1973
In support of his contention, the learned Counsel for
the Applicant relies on the judgment of the Apex Court in
the matter of Union of India vs. Rampur Distillery &
Chemical Co. Ltd. Reported in AIR 1973 SC 1098. He
submits that, the Apex Court in this matter held that, if
there is no loss to the principal, then there is no question of
forfeiting the security amount.