LARSEN AND TOUBRO LTD vs UNION OF INDIA .

The Supreme Court upheld the Delhi High Court's dismissal of Writ Petition No.3231 of 2010, affirming that M/s. Larsen and Toubro Ltd.'s bid for the supply of Fast Patrol Vessels was non-responsive due to its claim for Foreign Exchange Rate Variation, contrary to the fixed price requirement under the Defence Procurement Procedure-08. The Court emphasized that adherence to tender conditions is paramount, and the bid's non-responsiveness was justified. Consequently, the contract was awarded to the second lowest bidder, M/s. Cochin Shipyard Ltd.