K.D.SHARMA vs STEEL AUTHORITIES OF INDIA LTD.

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 was justified due to insufficient qualified bidders, and that the acceptance of the appellant's bid in the fifth tender was lawful. The Court ultimately dismissed the appeal, affirming the High Court's decision to allow the review petition and direct SAIL to reconsider the tenders in accordance with the law.