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L&T moves Supreme Court against ONGC

L&T moves Supreme Court against ONGC
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First Published: Wed, May 07 2008. 02 46 PM IST
Updated: Wed, May 07 2008. 02 46 PM IST
PTI
New Delhi: Construction giant Larsen and Toubro (L&T) has moved the Supreme Court challenging the Delhi High Court’s order that directed ONGC to consider Malaysia-based Ramunia Fabricators Sdn Bhds’ bid for development of an oil field in Mumbai offshore.
A bench headed by Justice Ashok Bhan, while refusing to restrain ONGC from considering the bid posted the matter for hearing on 13 May.
According to L&T, the High Court should not have asked the state-run exploration major to consider Ramunia’s bid despite the fact that it violated the mandatory and essential terms of the tender.
It stated while Malaysia-based Ramunia Fabricators had submitted its bid pursuant to ONGC’s decision to invite bids in May 2007 for its B-22 field development project, the tender documents were submitted by its Hong Kong arm, Ramunia Fabricators.
L&T said the Notice Inviting Tenders clearly specified the bidding documents were non-transferable and should be submitted only in the name of the bidder or a consortium led by the bidder in whose name the biding documents were issued.
Besides, the respondents had attempted to influence the process of bid evaluation, bid comparison and contract-award decision by disclosing their price in correspondence, though their price bid was never opened, L&T alleged.
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First Published: Wed, May 07 2008. 02 46 PM IST