SC Rejects Tata Motors’ Plea Challenging BEST Decision To Disqualify It For Tender

The Supreme Court on Friday rejected a plea of Tata Motors that challenged the Brihanmumbai Electric Supply & Transport’s decision to disqualify the automobile company from a tender bid for supplying 1,400 electric buses in Mumbai.

Therefore, the contract was awarded to Hyderabad-based Evey Trans Pvt. Ltd. by the BEST.

The bench comprising Justices Surya Kant & JB Pardiwala passed the order and rejected the appeal of Tata Motors.

While dismissing Tata Motors’ plea, the apex Court also set aside a Bombay High Court order that directed BEST to issue a fresh tender.

However, Tata Motors is yet to issue statements regarding the court’s decision. The company hasn’t made it clear what it will do next.

Therefore, the development is a setback for the company, which is a major player and looking at the electric bus market in a big way. The order would have boosted its existence in the sector.

The company shares were trading 3.25 % up at Rs 525 apiece on Friday’s closing. In a time period of 5 days, the company’s shares were down 1.39% on BSE.

Meera Verma

Recent Posts

HP Tourism Employees Urges Govt Aid To Prevent Hotel Closures

The Employees Union of Himachal Pradesh Tourism Development Corporation has strongly criticized the corporation’s officials…

2 hours ago

Bushra Bibi Faces Non-Bailable Arrest Warrant In GBP 190 Million Case

A Rawalpindi accountability court has recently issued non-bailable arrest warrants for Bushra Bibi, wife of…

3 hours ago

Kerala HC Slams LDF & UDF’s Wayanad ‘Hartals’ As ‘Unacceptable’

The Kerala High Court has recently sharply criticized both the ruling Left Democratic Front (LDF)…

4 hours ago

“Don’t Get Carried Away By ‘WhatsApp University’ Messages”: SC Justice KV Viswanathan

Supreme Court Justice KV Viswanathan on Saturday raised concerns about the increasing spread of misinformation,…

4 hours ago

NGT Notes ‘Chaotic Aftermath’ Of Diljit Concert, Directs Immediate Restoration Of JLN Stadium

The National Green Tribunal has recently directed immediate restoration of the Jawaharlal Nehru Stadium following…

4 hours ago

Delhi HC Confutes BSNL’s Decision To Rescind Contract With IT Company

The Delhi High Court has recently annulled BSNL’s decision to cancel a purchase order it…

5 hours ago