Highest Bid Cannot Be Cancelled Just to Seek Higher Price

Golden Food Products India Vs State of Uttar Pradesh & Others (Supreme Court of India)

Highest Valid Bid Cannot Be Cancelled Arbitrarily: Expectation of Higher Price Is No Ground to Scrap a Lawful Auction

The Supreme Court held that cancellation of a concluded public auction solely on the expectation of obtaining a higher price in a future auction is arbitrary, irrational, and violative of Article 14. Where an auction is conducted in a

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