M/S DRN Infrastructure Pvt. Ltd vs. Union Of India (2025)

Karnataka High Court Flags Risk of Fake Bank Guarantees and Suggests Stronger Verification Safeguards.
Karnataka High Court

Legal provisions involved: Relevant clauses of the RFP and EPC Agreement; Article 226 of the Constitution of India; provisions relating to fraud and forgery.

Judgement by: Karnataka High Court

Judge/Bench: Justice Suraj Govindaraj

Facts

The petitioner company submitted bank guarantees while participating in a government tender. These guarantees later turned out to be fake. The company stated that it had taken the guarantees through third-party agents and was not aware that they were forged. After discovering the fraud, the petitioner itself filed a criminal complaint against the persons who arranged the fake guarantees. Even so, the authorities threatened to impose liquidated damages and to bar the company from future tenders.

Key legal provisions

Issues raised

Whether the petitioner could be punished when it had no role in arranging fake bank guarantees, and how such frauds can be prevented in future.

Arguments of the case

The petitioner argued that it was a victim of fraud and had not conspired with the accused persons. The respondents relied on the tender conditions to justify penalties.

Judgement 

The High Court held that there was no allegation or evidence showing the petitioner’s involvement in the fraud. It quashed the notice for liquidated damages and debarment. The Court also suggested digital verification methods, such as QR codes and unique identification numbers, to prevent fake bank guarantees.

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