Supreme Court of India
Larsen and Toubro Ltd. & Anr. v. Union of India & Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Government Contracts - Bid - Request For Proposal sent to bidders for supply of Fast Patrol Vessels - Tender condition that the price was to be firm and fixed for the entire duration of the contract and not subject to escalation - Petitioner No.1, lowest bidder claiming the benefit of Foreign Exchange Rate Variation (FERV) without specifying the foreign · currency - Respondent No. 4, second lowest bidder indicating a firm rate of exchange as on the date of opening of the o commercial bid - Subsequently, petitioner No. 1 amending its bid by withdrawing its initial offer and offering the quoted
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