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Stays bidding for ONGC oil field

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BS Reporter New Delhi
Last Updated : Jan 29 2013 | 12:59 AM IST

A bench, headed by Justice Ashok Bhan, while issuing the notice to ONGC, Ramunia Fabricators and its Hong Kong-based subsidiary, also restrained the state-run exploration major from taking any action in considering the bid. L&T alleged that 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. PTI

L&T counsel Harish Salve said that while Malaysia-based Ramunia 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 company.

According to him, the tender notice clearly specified that the bidding documents were non-transferable and should be submitted only in the name of the bidder or a consortium led by the bidder.

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First Published: May 14 2008 | 12:00 AM IST

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