Whether Government is Bound to Accept the Highest Bid in an Auction? Answers Supreme Court

On Wednesday, the Supreme Court reiterated that government authority is not bound to accept the highest bid in an auction and it is subject to conditions of the auction. According to the Bench of Justices Ajay Rastogi and Abhay S Oka, the highest bid is subject to confirmation by the competent authority. Importantly, the Bench

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