INDUSTRIAL DEVELOPMENT CORPN.,ORISSA LTD vs M/S. VISA STEEL LTD. .

The Supreme Court addressed an application for extension of time regarding the submission of revised financial bids for the development of the Tangarpada Chromite Deposit. The Court reiterated its previous directions from the judgment dated 04.02.2008, which mandated that the technical bids of all parties be treated as valid and allowed for the submission of revised financial bids. The Court held that the Committee constituted by IDCOL must evaluate the bids in accordance with the parameters set forth, ensuring the best interest of the State is prioritized.