The Supreme Court on Monday permitted Adani Ports & Special Economic Zone to withdraw its suit contesting the high court's ruling upholding the JNPT's disqualification of its bid for upgrading a container port in Navi Mumbai.

While allowing the withdrawal, the division bench of Justice MR Shah and Justice Krishna Murari noted that Adani Ports & SEZ would have no claim in the current JNPT bidding process.

The court did note, however, that Adani Ports' disqualification in its bid for Visakhapatnam Port (VPL) will 'not be used as a cause for disqualification in future tenders.' Adani Ports & SEZ will be able to participate in all future tenders as a result of this.

Also Read:
Indian exports to China dip by a third
114 year-old Indian Ports Act to be amended