https://www.taxtmi.com/caselaws?id=297961 The Court ruled in favor of the Petitioner, a public limited company engaged in oil and gas drilling, in a case challenging discriminatory conditions in tender clauses set by ONGC Ltd. The Court held that the requirement for a subsidiary company to be a 100% subsidiary of the parent company was not essential but ancillary. It found ONGC's selective application of the condition arbitrary and prohibited ONGC from rejecting the Petitioner's bid based on this condition. The Court directed ONGC to consider the Petitioner's bid without the discriminatory condition as a barrier. en-us Wed, 11 May 2016 00:00:00 +0530 Sat, 02 Oct 2021 10:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297961 The Court ruled in favor of the Petitioner, a public limited company engaged in oil and gas drilling, in a case challenging discriminatory conditions in tender clauses set by ONGC Ltd. The Court held that the requirement for a subsidiary company to be a 100% subsidiary of the parent company was not essential but ancillary. It found ONGC's selective application of the condition arbitrary and prohibited ONGC from rejecting the Petitioner's bid based on this condition. The Court directed ONGC to consider the Petitioner's bid without the discriminatory condition as a barrier. Case-Laws Companies Law Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297961