Reliance Energy Limited & Another vs Maharashtra State Road Development ...

The Supreme Court ruled that the exclusion of the consortium formed by Reliance Energy Limited and Hyundai Engineering and Construction Company Ltd. from the bidding process for the Mumbai Trans Harbour Link was justified as they failed to meet the financial eligibility criteria specified in clause 7.2.2 of the Pre-Qualification Document. The Court emphasized that adherence to the stipulated financial requirements is essential for maintaining the integrity of the bidding process. Consequently, the appeal was dismissed, affirming the decision of the Maharashtra State Road Development Corporation Ltd.