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Shardul Amarchand Mangaldas & Co. advised Indian Oil Corporation Limited (“IndianOil”) in the formation of a joint venture with Sun Mobility Pte.
“The Single judge directed IOCL to deliver peaceful vacant possession of the premises to the appellants upon removal of the structures therein. Further, directed it to pay arrears of market rent to the appellants in respect of the plot from 1-07-1995 till the date of delivery of possession in favour of the appellants”
The Calcutta High Court held that an Expression of Interest can be treated as an offer if it lacks consideration and obliges one party to accept it without the opportunity to make a counteroffer.