No Sir,
International Sugar did bid.
They quoted lesser price then AGI. (AGI was 2100 cr while madhvani (international sugar) was 1850 cr)
AGI bid was higher and recovery to banks was better and hence COC selected AGI.
International sugar (despite being loser) are now fighting on thin technical grounds that AGI did not had CCI approval before getting selected by COC. Their appeal was dismissed in NCLT and subsequently in NCLAT and both approved AGI as successful bidder for HNG.
As of now, both AGI and International sugar have CCI approval and AGI is offering much more then international sugar.
Loser has now filed appealed in SC.
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