https://www.taxtmi.com/caselaws?id=9459 Forfeiture of a highest bidder's deposit after default in paying the balance sale consideration was treated as a consequence of breach of the auction terms, not as arbitrary or without authority. The bidder had participated with full knowledge of the notified conditions and failed to comply after emerging as the highest bidder. The Court found no illegality merely because the bidder later disputed the property description or because the properties were later sold for a higher price. On those facts, interference in writ jurisdiction was not warranted, and the forfeiture was upheld. en-us Fri, 09 Dec 2005 00:00:00 +0530 Tue, 23 Jun 2009 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9459 Forfeiture of a highest bidder's deposit after default in paying the balance sale consideration was treated as a consequence of breach of the auction terms, not as arbitrary or without authority. The bidder had participated with full knowledge of the notified conditions and failed to comply after emerging as the highest bidder. The Court found no illegality merely because the bidder later disputed the property description or because the properties were later sold for a higher price. On those facts, interference in writ jurisdiction was not warranted, and the forfeiture was upheld. Case-Laws Income Tax Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9459