Brojendra Prasad Katakey, J.

1. Drillmec S.P.A., a Company registered in Italy and working in the area of manufacture and supply of land rigs for the purpose of exploration and development of Oil and Gas, has filed the present petition praying for a writ in the nature of mandamus directing the Oil India Limited (in short, "OIL") to settle the tender process initiated vide tender notices Nos. SDG9008P11/07 and SDG7289P13/07 in strict compliance of the mandatory provisions of law and other guidelines formulated and also restraining the respondent OIL from awarding the contract in favour of the respondent No. 4, apart from a direction to award the contract in favour of the petitioner by quashing the 430th meeting of the Corporate Business Committee (in short, "CBC") held on 27th December, 2012 in relation to the aforesaid tender notices, contending inter alia that though the petitioner, the respondent No. 4 and the respondent No. 5 were found to be technically responsive in the technical bids, there is a move to bestow undue benefit to the respondent No. 4 by floating the mandatory guidelines of the Central Vigilance Commission, guidelines of the respondent OIL issued in respec