Two firms, one Partnership & the other Proprietorship participated in a oil company road transport tender in different names and offered their Tank Lorries.The Managing Partner of the Partnership firm and the Proprietor of the Proprietorship firm is the same person. I mean the signing authority of the two firms is the same person. All tank lorries owned by the proprietor found to be fake and their RCs are cancelled by the competent authority and FIR lodged against the owner proprietor. The oil company disqualified both the bids. Is it lawful or Illegal ?
Asked 8 years ago in Business Law
In the NIT document,the bidder has signed & accepted the clause: The Bidder/Contractor/Supplier will not commit any offence under the relevant anti- corruption laws of India.
Asked 8 years ago