Adani Ports Moves SC Challenging Bombay HC Order against Tender Disqualification
Adani Ports and Special Economic Zone Ltd has moved the Supreme Court (SC), challenging the Bombay High Court (HC) order, which declined to entertain its plea against the disqualification of its bid in a tender issued by the board of trustees of Jawaharlal Nehru Port Authority (JNPA).
 
The firm has also challenged the Rs5 lakh cost imposed by the HC.
 
Senior advocate Abhishek Manu Singhvi mentioned the plea before a vacation bench of justices Surya Kant and JB Pardiwala, and sought urgent hearing on the matter.
 
The tender was issued by the JNPA for upgradation of its container terminal in Navi Mumbai.
 
Advocate Singhvi submitted that his client is India's leading port manager and the firm was cleared as a bidder; however, later, it was disqualified. As the bench asked him to mention the matter before its Registry, Advocate Singhvi cited the HC order and added they are offering the bid again.
 
"There is extraordinary urgency.... Kindly list the matter tomorrow (Wednesday)," he submitted. However, the bench asked him to mention before the Registry for listing.
 
Advocate Singhvi then urged the top court to pass an order to restrain the authorities concerned from proceeding on the judgement.
 
"Please order the same subject to the registry, we will satisfy the Registrar too...," he said. But, the bench reiterated that Mr Singhvi should go to the Registry first.
 
The Bombay HC had said that the petitioner brought an unmeritorious case for adjudication and imposed Rs5 lakh cost.
 
The firm had contended before the HC that its disqualification by the JNPA was "illegal and in violation of fundamental and legal rights and urged the court to issue directions to restrain the Board from declaring the highest bidder."
 
It also sought a direction restraining the board from signing a concession agreement with any other bidder, during the pendency of the matter.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
gbrhyd
2 months ago
All government and private companies are taken over slowly with the help of PM Modiji. Only two brands in India Adani &Ambani. Great development.
Adani Takeovers: Different Tax Rules for Holcim and Walmart?
Abhinandan 02 July 2022
Remember, in March-April 2018, the Indian press was abuzz with the news that Walmart was likely to pick up a substantial stake in Flipkart. The actual deal was announced on 9 May 2018. However, something happened even before the...
Sahara OFCD Issuance: SEBI Imposes Rs12 Crore Penalty on 2 Group Companies, Subrata Roy & 3 others
Moneylife Digital Team 28 June 2022
In an example of how the market regulator has multiple proceedings on the same issue, the Securities and Exchange Board of India (SEBI) has imposed penalties of Rs12 crore on two Sahara group firms for an issue going back to...
Mukesh Ambani Steps Down from Jio Board, Akash Ambani is the New Chairman
Moneylife Digital Team 28 June 2022
Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani has decided to step down from the board of RIL unit Reliance Jio Infocomm Ltd. Reliance Jio has named his son Akash Ambani as the new chairman.
 
In
In High-decibel Battle with Yes Bank, Jawahar Goel Exits as Dish TV MD after Losing Vote at EGM
Moneylife Digital Team 27 June 2022
In a severe rebuke to Dish TV promoters, a majority of its shareholders has voted against the reappointment of managing director (MD) Jawahar Lal Goel and two other directors at its extraordinary general meeting (EGM). The...
Free Helpline
Legal Credit
Feedback