https://www.taxtmi.com/caselaws?id=172341 SC allowed the appeal, setting aside the HC's interference with the tender process. It held that while a highest bidder may have a legitimate expectation that its tender will be accepted, this does not crystallize into an enforceable right. Failure to consider such expectation may render a decision arbitrary, but here the authority acted within law by negotiating with all tenderers during the period offers remained open, to secure a significantly higher price in public interest. The higher initial offer was lawfully superseded by a substantially better bid obtained through a fair, non-discriminatory negotiation process, satisfying the requirement of nonarbitrariness under the rule of law. en-us Tue, 03 Nov 1992 00:00:00 +0530 Thu, 11 Dec 2025 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172341 SC allowed the appeal, setting aside the HC's interference with the tender process. It held that while a highest bidder may have a legitimate expectation that its tender will be accepted, this does not crystallize into an enforceable right. Failure to consider such expectation may render a decision arbitrary, but here the authority acted within law by negotiating with all tenderers during the period offers remained open, to secure a significantly higher price in public interest. The higher initial offer was lawfully superseded by a substantially better bid obtained through a fair, non-discriminatory negotiation process, satisfying the requirement of nonarbitrariness under the rule of law. Case-Laws Indian Laws Tue, 03 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172341