Supreme Court Upholds Power to Reject Misaligned Bids in Electricity Procurement: Jaipur Vidyut Vitran Nigam Ltd. vs. MB Power (Madhya Pradesh) Limited (2024)
Supreme Court Upholds Power to Reject Misaligned Bids in Electricity Procurement: Jaipur Vidyut Vitran Nigam Ltd. vs. MB Power (Madhya Pradesh) Limited (2024) LEGAL ISSUE: Whether the State Electricity Regulatory Commission can reject a bid for electricity procurement if the quoted tariff is not aligned with prevailing market prices, even after a transparent bidding process. […]