said Company on 06.07.1994
and on 02.08.1994, an interest free mobilisation advance to the
tune of Rs.4.32 crores was released ... technical expertise. The Committee
even recommended the sanction of interest free mobilisation advance, in
violation of existing practice, to cause pecuniary advantage
said Company on 06.07.1994
and on 02.08.1994, an interest free mobilisation advance to the
tune of Rs.4.32 crores was released ... technical expertise. The Committee
even recommended the sanction of interest free mobilisation advance, in
violation of existing practice, to cause pecuniary advantage
provide for payment of interest,
pre-advance and mobilisation advance. When the contract itself does
not provide for interest free advance, the Claimant/Respondent cannot ... interest free loan for mobilisation does not arise.
Therefore, the above clause makes it very clear that to claim interest
free mobilisation advance there must
towards interest on the mobilisation
of advance on the ground that there has been an audit objection for grant of
interest free mobilisation advance ... follows:
"14.2: Advance Payment
The Employer shall make an advance payment, as an interest-
free loan for mobilisation, when the Contractor submits a
guarantee
been settled by negotiation. M/s JUSCO
was given an interest-free mobilisation advance of Rs.70 lakhs by the
aforesaid Tender Committee, this condition ... tender committee he
arbitrarily and selectively allowed 10% interest free mobilisation
advance to M/s JUSCO and not to other bidders in order to extend
extended all
possible help to the Petitioners. They were given interest-free mobilisation
advance of Rs.15.88 crores, advance of Rs.7.93 crores
13th August 2002, a Bank Guarantee, styled as a guarantee for mobilisation advance, was issued by the Bank of India in favour of the first ... recorded that the first respondent having agreed to pay an interest free mobilisation advance of Rs. 50 lakhs to the petitioner for the sub contract
Contractor in
the same position, viz-a-viz, the availability of
encumbrance-free site as was contemplated at time of
formation of Contract. Also ... Contractor. That is why the Contractor is given interest
free mobilisation advance as well as machinery advance
to the extent of 20% of the Contract
meanwhile. Contractor requested the TTD to give 10 per cent interest free
mobilisation advance against the bank guarantee and in such an event, he expressed ... unsuccessful, he would not claim 10 per cent interest free advance in which case, 2 per cent rebate would not arise. The TTD informed
favour the contract was to be awarded,
sanction of an interest free mobilisation advance far in
excess of the normal business norm, diversion of
such
