The court had yesterday dismissed the petition filed by Shapoorji Pallonji and Company, challenging a corrigendum issued by NPCIL on June 2 last, barring participation of Joint Venture Association (JVA) of private companies in the tender process.
The petitioner had submitted that they hold major shares in AFCONS Infrastructure Ltd, which was its subsidiary and that it was unfair on the part of NPCIL to have amended the May 9, 2016 tender.
NPCIL claimed the notification had 'inadvertently' stated that JV's are also eligible to apply for the project. But a high-level committee of NPCIL had on May 26 decided to issue the corrigendum in view of the critical aspects of the project, it said.
NPCIL said AFCONS Infrastructure had time to submit an individual tender, but had not done so.
The court said, "It is not made clear as to why the subsidiary company did not participate in the tender process and why the petitioner company is insisting on considering the experience of the subsidiary company."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
