https://www.taxtmi.com/caselaws?id=192477 In auctions for excise privilege, the highest bid is only provisional until final sanction by the competent authority, and the bidder acquires no vested right before approval. Adequacy of price and protection of revenue are executive matters, so the court will not substitute its own assessment for that of the authority in the absence of mala fides or manifest arbitrariness. The High Court was therefore not justified in quashing the Excise Commissioner's disapproval of the bids or directing acceptance of the respondents' bid, and the order for re-auction was upheld. en-us Wed, 10 Aug 1983 00:00:00 +0530 Fri, 02 Jun 2017 16:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192477 In auctions for excise privilege, the highest bid is only provisional until final sanction by the competent authority, and the bidder acquires no vested right before approval. Adequacy of price and protection of revenue are executive matters, so the court will not substitute its own assessment for that of the authority in the absence of mala fides or manifest arbitrariness. The High Court was therefore not justified in quashing the Excise Commissioner's disapproval of the bids or directing acceptance of the respondents' bid, and the order for re-auction was upheld. Case-Laws Indian Laws Wed, 10 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192477