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LOI awarded for $720 million contract: Why mounting a legal challenge against ONGC's L-1 candidate is never a good idea
Nov 16: Mounting a legal challenge after a tender is opened and an L-1 contractor is shortlisted by ONGC is almost always a fruitless exercise.
8This was what the L-2 consortium found out it to its chagrin when despite moving court, the tender was awarded to the L-1 contractor
8The LOI for the massive $720 million contract was issued by ONGC at dead of night, one week ago, with strict completion deadline.
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