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    <title>2006 (12) TMI 521 - Supreme Court</title>
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    <description>A statutory authority with broader control over its property may cancel earlier bids and revise the tender policy for a project if the change is a bona fide policy decision. Judicial review remains limited unless the action is shown to be arbitrary, mala fide, contrary to statute, or against public policy. The fact that a bidder had earlier emerged as the highest bidder did not require acceptance of that bid where the tender conditions and project structure were later revised and the bidder did not participate in the fresh tender. On that basis, interference with the revised tender decision was not warranted.</description>
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      <link>https://www.taxtmi.com/caselaws?id=187488</link>
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