RASHMI METALIKS LTD. vs KOLKATA METROP. DEV. AUTH.

The Supreme Court upheld the decision of the Calcutta High Court, affirming that Rashmi Metaliks Ltd. failed to comply with essential tender terms, specifically clause (j) regarding the submission of the latest Income Tax Return. The Court emphasized the importance of strict adherence to tender conditions in international competitive bidding, citing W.B. State Electricity Board v. Patel Engineering Co. Ltd. (2001) 2 SCC 451. The appeal was dismissed, reinforcing the principle that non-compliance with tender requirements renders a bid ineligible.