JABALPUR, India, Sept. 2 -- Madhya Pradesh High Court issued the following judgment/order on Aug. 4:
1. Petitioners impugn that E-Auction Catalogue (Annexure P/5). Learned counsel for the petitioners submits that in earlier tenders, there was a requirement of deposit of the EMD valued at Rs.10 Crores, Rs. 5 Crores etc. In the present petition, the requirement is to show a net worth of Rs. 10 Crores.
2. Learned counsel submits that the tender is not clear as to whether the EMD to be deposited is of Rs.10 Crores or only net worth has to be shown by way of submission of documents of Rs.10 Crores.
3. The E-auction catalogue in paragraph No.4 reads as under :
"(c) Financial Criteria: - The Average Annual Turnover of the buyer during three ...