M/S Shanti Construction Private ... vs The State Of Odisha

The Supreme Court examined the interpretation of the term ‘previous Financial Year’ as defined in Rule 27(4)(iv) of the Odisha Minor Mineral Concession Rules, 2016, in the context of a sand quarry lease auction. The case involved disputes over the bidding process and the relevant financial year for bid evaluation. The Court emphasized the importance of proper statutory interpretation and upheld the High Court's decision. The judgment clarifies the application of the rule in the context of mineral lease auctions in Odisha.