The Supreme Court of India has set aside a judgment of the Orissa High Court and ordered a fresh auction for a sand quarry, ruling that a tender committee’s misinterpretation of the term ‘previous Financial Year’—which led to the disqualification of the highest bidder—was erroneous and vitiated the decision-making process. The judgment, delivered by a
Tender’s ‘Previous Financial Year’ Must Align with Income Tax Act Due Dates: SC Orders Fresh Sand Quarry Auction
