The ban follows SECI's accusation that "fake documents" were submitted during a tender process.
The controversy began when SECI examined documents submitted by Maharashtra Energy Generation, which has since been renamed Reliance NU BESS, for a project bid. SECI alleged that the Bank Guarantee provided as part of the Earnest Money Deposit (EMD) requirement lacked necessary endorsements from a foreign bank, deeming it "fake."
Consequently, SECI was compelled to cancel the tender process, which had already advanced to the e-Reverse Auction stage.
Esta historia es de la edición November 09, 2024 de The Business Guardian.
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