ORDER PURUSHAINDRA KUMAR KAURAV, J. : – The instant writ petition has been filed by the petitioners seeking issuance of a writ of certiorari to quash the impugned order dated 19-5-2005 (Annexure-P-6) (wrongly mentioned in the prayer clause as Annexure-P-5). The petitioners have further prayed for directions to refund the security amount and deductions carried by the respondents from the running bill of the petitioners together with interest @ 24% p.a. till the date of its payment.

2. Short facts of the case are that the petitioner No. 1 is a Private Limited Company duly incorporated under the provisions of the Companies Act, 1956. The petitioner No. 1 is involved in the business of transportation of coal. Petitioner No. 2 is the Director of petitioner No. 1. The respondents invited tender from reputed and experienced transport contractors for the work of transportation of coal from Satpura II Mines of M/s WCL to Satpura Thermal Power Station, Madhya Pradesh Electricity Board, Sarni, by road through the contractors own tippers/dumpers and uploading it at Courtyard of the power s