Business Standard
Thursday, May 31, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

SC to hear pleas by R-Infra, Brakel on Sept 23
Press Trust of India / New Delhi Jul 27, 2010, 20:23 IST

The Supreme Court will, on September 23, hear cross-appeals by Anil Ambani Group firm Reliance Infrastructure (R-Infra) and Dutch firm Brakel Corporation filed against each other over a Rs 8,000-crore tender by Himachal Pradesh to set up power projects.

A special Bench, comprising Justice Aftab Alam and Justice B S Chauhan, said that it would start its final hearing on the matter on September 23.

Brakel Corporation and the ADAG Group firm are at loggerheads over a Rs 8,000-crore (approximate) tender of the Himachal Pradesh government for its 960 Mw Jangi-Thopan and Thopan Powari power projects.

While filing an affidavit last week, the state government had informed the apex court that it would give the project to the Netherland-based firm, which has business associations with the Adani Group. This was a reversal of the earlier stand of the state government, which had cancelled the tenders on the orders of the Himachal Pradesh High Court.

In the affidavit, the Himachal government had further rejected the allegation of "unfairness" levelled by R-Infra.

On October 22, 2009, following the orders of the Shimla High Court, the state government had cancelled the allotment to Brakel and imposed a penalty of Rs 280 crore for delaying the project.

Passing an order on October 7, 2009, on a petition filed by Reliance Infrastructure, the High Court had cancelled the allotment made by the state government in favour of Brakel.

However, the Shimla High Court had also refused to pass directions to the Himachal government to award the project to the ADAG group firm, which was the second-lowest bidder. Instead, it gave the state government the freedom to either re-tender the entire project or go for old bids.

The High Court's order was challenged by Brakel as well as R-Infra before the Supreme Court. While Brakel challenged the entire order of the High Court in its petition, the ADAG Group firm objected to the option between "fresh and old bids" granted to the government.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets post worst May performace since 2006
- Kavveri Telecom Q4 net declines over 6%
- Wall Street opens flat on economy worries
- RIM to set up first BlackBerry innovation zone in India
- Rajaratnam bragged about sources of inside info: Gupta lawyers
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- "Discover The Power of One"
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NDA-led bandh turns violent in Bangalore
- Investors wary as Flipkart shows growth pangs
- Army chief slams BEML on Tatra, awards it Rs 1,500-cr deal
- Kingfisher Airlines Q4 loss more than trebles
- Wealthy clients turned tables on UBS and staff?
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us