Section 14(4) in Tamil Nadu Transparency in Tenders (Public Private Partnership Procurement) Rules, 2012
(4)The Earnest Money Deposit (EMD) of tenderers who have not been selected will be released not later than 60 (sixty) days after the expiration of the tender validity period, including any extension thereof, or 60 (sixty) days after the issue of the letter of award, whichever is earlier.
