https://www.taxtmi.com/caselaws?id=311659 In tender eligibility disputes, the interpretation adopted by the tender author is ordinarily entitled to judicial deference, and writ interference is justified only if the decision is mala fide, irrational, arbitrary or perverse. Applying that standard, the Court accepted the evaluation that the bidder did not satisfy the prescribed net worth criterion because only reserves arising from revenue profit were relevant under the RFP, not capital reserve generated on extinguishment of liabilities under an approved resolution plan. The doctrine of contra proferentem was held inapplicable to the tender eligibility condition on the facts, and the bid rejection was upheld. en-us Mon, 19 Dec 2022 00:00:00 +0530 Tue, 16 Jul 2024 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311659 In tender eligibility disputes, the interpretation adopted by the tender author is ordinarily entitled to judicial deference, and writ interference is justified only if the decision is mala fide, irrational, arbitrary or perverse. Applying that standard, the Court accepted the evaluation that the bidder did not satisfy the prescribed net worth criterion because only reserves arising from revenue profit were relevant under the RFP, not capital reserve generated on extinguishment of liabilities under an approved resolution plan. The doctrine of contra proferentem was held inapplicable to the tender eligibility condition on the facts, and the bid rejection was upheld. Case-Laws Indian Laws Mon, 19 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311659