Chennai: Madras excessive courtroom has refused to put aside Rs 1,330 crore coal import tender floated by Tangedco.
Refusing to intervene within the order handed by a single decide dated February 24, upholding the tender course of, the primary bench of Chief Justice Sanjib Banerjee and Justice Senthilkumar Ramamoorthy dismissed the plea moved by Ind Vigo Coal Pvt Ltd, on Monday.
On February 24, a single decide of the courtroom rejected the plea moved by the petitioner difficult the tender. The courtroom, nevertheless, directed the ability distribution company to increase the final date to submit bids by 15 days and publish the identical within the Indian Commerce Journal.
The difficulty pertains to a notification issued by Tangedco dated February 8 calling for bids inside 15 days from home bidders on cost of Rs 13 crore by international bidders, in the direction of earnest cash deposit. In line with the petitioner, 30 days’ time should be supplied to submit bids in such excessive worth tenders as per guidelines.
As per the provisions of the Tamil Nadu Transparency in Tender Guidelines, a minimal of 30 days is to be given for submission of bids for tenders valued over Rs 2 crore. The rule had not been adopted in letter and spirit by Tangedco regardless of calling for a Rs 1,330 crore tender, the petitioner mentioned.
Alleging that Tangedco was displaying undue haste in finalising the tenders, with out even calling for a pre-bid assembly, the petitioner questioned the need for importing coal within the month of Could when wind vitality manufacturing could be at its peak.
Opposing the identical, Tangedco questioned the maintainability of the plea when the petitioner was not even certified to take part within the bidding course of.Tangedco additional submitted that solely corporations with a turnover of Rs 335 crore in any one of many monetary years between 2017-18 and 2019-20 and people who had equipped 5 lakh tonnes of imported steam coal to public sector undertakings or personal energy utilities in any of these three years had been eligible to submit their bids.