November 15, 2021
1 min read

Govt updates list of debarred, suspended from doing business

Business dealings with SARR Freights Corporation and associated/allied Firms were suspended vide MoD order dated 19.02.2021….reports Asian Lite News

The Defence Ministry has put out an updated list of companies debarred, put on hold or suspended from doing business with the MoD.

According to an order by the Vigilance Department of Ministry of Defence, this is in accordance with MoD Guidelines for penalties in Business Dealings.

The six debarred firms are Singapore Technologies Kinetics Ltd (STK), Israel Military Industries Ltd. (IMI), T.S. Kisan & Co. Pvt. Ltd., New Delhi, R. K. Machine Tools Ltd., Ludhiana, Rheinmetall Air Defence (RAD), Zurich and Corporation Defence, Russia.

The 13 companies that are suspended or put on hold by MoD are IDS, Tunisia, Infotech Design System (IDS), Mauritius, IDS Infotech Ltd, Mohali, Aeromatrix Info. Soiution Pvt Ltd, Chandigarh, Shanx Oceaneering, Inter Spiro India Pvt Ltd, Experts Systems, Unitech Enterprises, Kelvin Engineering, Atlas group of companies including Atlas Telecom and Atlas Defence Services, Offset India Solutions (P) Ltd. and its group companies and functionaries, Pilatus Aircraft Ltd, Switzerland and Vectra Advanced Engineering.

Two companies restricted from procurement are Rolls Royce and its allied and subsidiary companies and Tatra Trucks of Czech Republic.

Business dealings with SARR Freights Corporation and associated/allied Firms were suspended vide MoD order dated 19.02.2021.

High Court of Delhi, in a case relating to Department of Defence Production, vide order dated 25.05.2021 stayed the operation of MoD order till 31.08.2021.

Further, the High Court vide directions dated 31.08.2021 has extended the stay till next date of hearing i.e. 07.01.2022.

Sources said Leonardo is now officially out of the list of suspended companies.

Leonardo has given a letter withdrawing their claims of 350 million euros on the cancelled Augusta order.

This will now allow Leonardo to participate in heavy weight torpedo program for P75 submarines naval radars and naval turrets currently coming up as tenders.

ALSO READ: ‘India-Myanmar border fencing a priority for govt’

Previous Story

All arrangements in place for new Sabarimala temple season

Next Story

Iran reckons India’s role to tackle rise of Daesh in Afghanistan

Latest from -Top News

After Pakistan, China Backing Iran Too?

China and Iran signed a 25-year comprehensive cooperation agreement that covered trade, energy and security, showcasing the strategic value that Beijing places on Tehran….reports Asian Lite News Despite its long-standing claims of

US-India ties is a slow-motion catastrophe

For the first time in two decades, Trump’s actions, statements, and coercive tone have made relations with the US a combustible domestic political issue in India, writes Manoj Menon The post-globalisation uncertainty

Modi Welcomes Marcos Jr to Delhi

PM Modi Welcomes Philippines President Marcos Jr to Strengthen India-Philippines Ties…reports Asian Lite News Prime Minister Narendra Modi on Tuesday warmly welcomed Philippines President Ferdinand R. Marcos Jr at Hyderabad House in

Is Bangladesh Turning Into a Theocratic State?

The rise of radical Islamic influence under Yunus’s watch threatens to transform Bangladesh from a secular democracy into a theocratic state….writes Anna Mahjar-Barducci Nobel Peace Prize laureate Muhammad Yunus’s transition from economist

Post-370 Kashmir Reinvents Itself

The developments suggest that Kashmir’s post-abrogation journey is not merely political – it is profoundly social, economic, and cultural….writes Shashikant Trivedi Six years after the abrogation of Article 370, Jammu and Kashmir
Go toTop

Don't Miss

Ukraine puts 3 Indians in ‘Russian Propagandists’ list

Though the criteria for inclusion are unclear, each name in

RBI Holds Key Repo Rate at 6.5%

The MPC, in its policy review meeting, had retained the