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Articles tagged #PublicAuction
Public Authority Cannot Cancel Highest Auction Bid Solely Because It Is Lower Than Previous Surrendered Contract Without Market Valuation: Supreme Court (2026 INSC 1125)
Restoring sand-mining auctions in Shahdol and Katni, the Supreme Court (2026 INSC 1125) held that a public corporation cannot reject winning bids exceeding the reserve price merely by comparing them against earlier surrendered contracts without contemporaneous market valuation.
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