Arup Kumar Goswami, J.

1. This writ petition filed under Article 226 of the Constitution of India is directed against a letter dated 20.12.2014, whereby OIL India Ltd. (for short, 'OIL') had decided to put the petitioner under “Holiday List” and debar it from participating in OIL's tender or entering into any works/services/purchase contracts with OIL for a period of two years with effect from the date of issue of the letter.

2. The petitioner company professes itself as one of the leading service provider companies in the field of oil and gas in India and overseas. It had entered into various contracts with OIL from the year 1995 for execution of drilling and seismic jobs. The petitioner has two ongoing contracts with OIL. One of the contracts being Contract No. OIL/CDG4167/DRLG/12 dated 07.01.2013, is for the service of Charter Hire of 2(two) Nos. 2000HP (Minimum) capacity Drilling Rigs in Assam and Arunachal Pradesh, and the other is under Contract No. 6106952 for Charter Hire of 1 (one) No. 1400 HP (Minimum) Drilling Rig Package for drilling and completion of three exploratory wells in Andhra Pradesh. The petitioner also entered into a Joint Operating Agreement (JOA) dated 28.05.

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