The Supreme Court on Monday dismissed appeals by Adani Gas and upheld the Petroleum and Natural Gas Regulatory Board’s decision to grant authorisation for implementation of city gas distribution (CGD) networks in five geographical areas including districts of Puducherry, Kanchipuram, Chennai and Tiruvallur.

A Bench led by Justice DY Chandrachud dismissed the appeals filed by Adani Gas and IMC, holding that the assessment of the reasonability of the bid was a matter solely between the highest bidder and the Board. Such an assessment would not alter the scores of the highest bidder vis-à-vis scores of the other bidders, it said.

There is no merit in the submission (of Adani and IMC) that there was a breach of the principles of natural justice in calling only the bidders with the highest composite score to explain the reasonableness of their bids, the apex court said, while disagreeing with the opinion of the Aptel chairperson who ruled in favour of Adani.

https://www.financialexpress.com/industry/cgd-authorisation-supreme-court-dismisses-appeals-of-adani-gas-imc/1871031/

 

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