The Supreme Court of India has set aside a High Court judgment that disqualified a bidder for submitting its Earnest Money Deposit (EMD) via a Fixed Deposit (FD) instead of a Demand Draft (DD). The Court held that the specific terms of the tender document framed the submission of a DD for out-of-state bidders as
Out-of-State Bidder Cannot Be Disqualified for Submitting Fixed Deposit Instead of Demand Draft When Tender Terms Treat DD as Optional: Supreme Court
