Hi,
We are participating in a tender floated by a PSU bank and one of the competition is a company in which this PSU bank is an "Investor". Can anyone please guide me on whether such a participation is allowed as per CVC guidelines?
Thanks.
Am (XYZ) 23 June 2014
Hi,
We are participating in a tender floated by a PSU bank and one of the competition is a company in which this PSU bank is an "Investor". Can anyone please guide me on whether such a participation is allowed as per CVC guidelines?
Thanks.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 23 June 2014
While the CVC itself has given PSBs clear directives to distinguish between commercial decision andmala fide action, the implementation is subjective, depending on the CVO’s mindset.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
