SHREE SHYAMJI TRANSPORT COMPANY vs F.C.I. .

The Supreme Court upheld the Punjab and Haryana High Court's decision, affirming the rejection of the appellants' tender by the Food Corporation of India (FCI) based on the forfeiture of their Earnest Money Deposit (EMD) due to non-compliance with security deposit requirements in a prior tender. The Court noted that the earlier order did not set aside the forfeiture, thus justifying the invocation of Clause 4(III) of the Model Tender Form (MTF). The Court concluded that the appellants' claims were unsustainable, leading to the dismissal of their appeals.