R & C Infraengineers Pvt. Ltd., a contractor, challenged the invocation of two bid-security bank guarantees totalling Rs. 94,24,000/- by the Tripura Industrial Development Corporation Ltd. (TIDCL) in connection with Packages 11 and 12 under a tender dated 12.09.2025. The petitioner had been identified as the lowest (L-1) bidder but was never issued a Letter of Acceptance; its bid validity of 180 days expired on 02.05.2026 without TIDCL requesting any extension under Clause 18.2 of the Instructions to Bidders. After the bid validity lapsed, the petitioner wrote on 12.05.2026 seeking return of the bank guarantees, whereupon TIDCL treated this as a withdrawal/non-compliance and invoked the guarantees on 25.05.2026, with Axis Bank paying out the amounts the same day. The petitioner argued that the invocation was arbitrary, illegal, and violated Articles 14 and 300-A of the Constitution of India, contending that TIDCL could not penalise it for TIDCL's own failure to issue a Letter of Acceptance within the bid validity period. The judgment text provided ends before the court's final ruling is recorded.