C.V. Karthikeyan, J.

Suit filed for judgment and decree against the defendant for a sum of Rs.79,11,378.84/- together with interest @ 24% per annum on Rs.56,35,985/- from the date of plaint till the date of realisation and for cost.

2. The plaintiff is a company, promoted by the Government of Tamil Nadu for manufacture of news prints, printing and writing papers. It has been stated that the equity of the plaintiff is held by the public and other financial institutions. The Board of Directors consists of All India Service Officers of Tamil Nadu cadre, representatives of IDBI and other persons from public and technical experts. The plaintiff has its factory at Pugalur in Karur district and provides employment for about 1800 persons directly and an equal member of persons indirectly. The plaintiff is in the manufacture of paper production.

3. The plaintiff issued a tender No. TNPL MM SS 2008023 dated 03.04.2008 for the sale of boilers and auxiliaries at EID, Pugalur. This tender was published in newspapers on 12.04.2008. The last date of submission of tender was 28.04.2008. The defendant had submitted the tender form on 28.04.2008. The defendant paid Rs.3.25 lakhs towards EMD.