https://www.taxtmi.com/caselaws?id=196061 The Supreme Court ruled that furnishing a bank guarantee in the prescribed format is essential in the bidding process of Central Coalfields Limited (CCL). A bid without the correct bank guarantee format can be deemed non-responsive, leading to rejection. The Court emphasized the need for strict adherence to the bid document terms, supporting CCL's decision to reject a bid lacking the prescribed format. The Court overturned the High Court's decision to entertain a bid with a non-prescribed format, underscoring the significance of upholding all terms of the Notice Inviting Tender for fairness and transparency in the bidding process. en-us Wed, 17 Aug 2016 00:00:00 +0530 Sat, 18 Nov 2017 12:10:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196061 The Supreme Court ruled that furnishing a bank guarantee in the prescribed format is essential in the bidding process of Central Coalfields Limited (CCL). A bid without the correct bank guarantee format can be deemed non-responsive, leading to rejection. The Court emphasized the need for strict adherence to the bid document terms, supporting CCL's decision to reject a bid lacking the prescribed format. The Court overturned the High Court's decision to entertain a bid with a non-prescribed format, underscoring the significance of upholding all terms of the Notice Inviting Tender for fairness and transparency in the bidding process. Case-Laws Indian Laws Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196061