On Monday, the board will consider accepting a recommendation from InVision Architecture for furniture bids totaling $1.4 million following a public hearing.
Nandal Finance and Leasing, the bidder at the centre of the storm, is owned by the promoters of Sharda University, who have had business dealings with the family of a BJP treasurer in Uttar Pradesh.
The Centre has approved the sale of 100% equity shareholding of the government in Central Electronics Ltd to Nandal Finance and Leasing for a paltry sum of Rs 210 crore.
The scientific community fears that selling it off to a financial intermediary or trading company will eventually affect the future of research and development in electronics in India.