A letter of intent merely indicates a parties intention to enter into a contract with the other party in future. AIR 2006 Supreme Court 871 (Dresser Rand)
Also see: Rishi Kiran Logistics P Ltd v. Board of Trustees of Kandla Port Trust, Judgment dated April 21, 2014 in Civil Appeal No. 4655 of 2014 [ 2014 (6) SCALE 4]
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