Bombay High Court Dismisses Petitioners' Challenge to Bank Guarantee Exemption Rejection by Canteen Stores Department; Upholds Policy Requiring Independent Eligibility of Sister Companies. The Court holds that sister companies must independently meet turnover and supplier period conditions under paragraph 21(b) of the CSD Bank Guarantee Policy Circular No.5/2018 and cannot combine their eligibility, and the rejection orders were neither arbitrary nor discriminatory....
The dispute arose from the Canteen Stores Department (CSD) rejecting the Petitioners' request for exemption from furnishing bank guarantees under its internal Bank Guarantee Policy. The Petitioners, t...
