K.D.Sharma vs Steel Authorities Of India Ltd.& Ors

The Supreme Court addressed the procedural validity of tender processes under the Steel Authority of India Ltd. (SAIL) guidelines, specifically referencing Clause 7.7 of the Purchase/Contract Procedure, 2000. The Court held that the cancellation of previous tenders and the subsequent acceptance of the appellant's bid were lawful, as the appellant was the only qualified bidder in the fifth tender. The Court dismissed the review petition challenging the High Court's order, affirming that SAIL acted within its rights in the tendering process.