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Construction : General1213 | May 2011 | Source : Construction Update

SC justifies the rejection of L&T's petition by Delhi High Court

The Supreme Court rejected Larsen & Toubro's petition that challenged rejection of its bids for Rs 1,300 crore tender floated by the government to construct 20 offshore patrol vessels for coastguards. A bench of Justice Altamas Kabir and Justice Cyriac Joseph had in September 2010 dismissed L&T's plea despite it being the lowest bidder.

SC justified that decision and said that the high court had rightly rejected L&T petition as the company has not filed the complete information on Foreign Exchange Variation (FERV) clause. "We are satisfied that the High Court did not commit any error in dismissing the petition filed by L&T since in the absence of compliance with the terms and conditions relating to the firm and fixed price offer, the L&T stood excluded from consideration," the bench said.

The tender has later been awarded to Cochin Shipyard.

 
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