Supreme Court set aside High Court order disqualifying RR Constructions for using Fixed Deposit as Earnest Money Deposit.
Court held tender clause 2.13 allows FD as approved interest‑bearing security, making DD submission optional for out‑of‑state bidders.
Project “Construction of Head Work of Lamti Feeder Minor Tank Scheme” valued at Rs 13.73 crore; appellant’s bid Rs 120 crore, respondent’s Rs 149 crore.
Subsequent disqualification on Envelope B not addressed; appeal allowed, appellant may file representation within 48 hours of judgment.