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SC dismisses L&T appeal on NTPC tender

The Supreme Court today dismissed Larsen & Toubro's appeal challenging its disqualification from participation in state-run NTPC's Rs 15,000 crore power equipment tender and seeking a stay on the bidding process. A bench comprising Justice Altamas Kabir and Justice Cyriac Joseph declined to stay an interim order by the Delhi High Court rejecting L&T's plea for suspending the bidding process for the tender after its bid was disqualified on technical grounds. However, the apex court directed the High Court, where the matter is still pending, to decide the issue ...