J U D G M E N T

AMIT MAHAJAN, J.

1. By the present petition, the Petitioner challenges the disqualification of its Technical Bid, communicated vide email dated 28.03.2026 pertaining to the Tender No. NSL/CEO/IIAC/NIT/2026/845 for “Interior and Fitout work for IIAC at 4th & 5th, Tower A, World Trade Centre, Nauroji Nagar, New Delhi” for “India International Arbitration Centre issued by Respondent No. 1.

2. Briefly stated, the relevant facts circumscribing the adjudication of the present petition are as follows:

2.1. On 14.03.2026, Respondent No. 1 issued a tender for Interior and Fitout work for the India International Arbitration Centre. The last date and time of submission of the online tender was up to 23.03.2026 by 11 PM. The estimated cost of the work was ₹31,64,86,727/-. As per the Notice Inviting Tender (‘NIT’), the eligibility criteria required the bidder to furnish, inter alia, in Form E, a self-certified Bank Solvency Certificate issued by a Nationalised or Scheduled Bank for an amount that was not less than 40% of the estimated cost of work and issued within 6 months from the original last date of submission of tender. The relevant clause is reproduced as follows:

“Self-C