https://www.taxtmi.com/caselaws?id=299037 At a public auction, the highest bidder acquires no enforceable right to compel transfer unless the bid is accepted under the governing auction terms and statutory rules. The auction conditions here required confirmation by the Board of Trustees and expressly reserved power to reject the highest or any bid, while Rule 4(3) of the Nagpur Improvement Trust Land Disposal Rules, 1955, read with its proviso, preserved the ability to accept a lower bid or withdraw the land. As no confirmation letter was issued, no concluded contract arose. The Trust was therefore not bound to transfer the land, and the direction in favour of the bidder was unsustainable. en-us Tue, 19 Mar 1996 00:00:00 +0530 Wed, 01 Dec 2021 12:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299037 At a public auction, the highest bidder acquires no enforceable right to compel transfer unless the bid is accepted under the governing auction terms and statutory rules. The auction conditions here required confirmation by the Board of Trustees and expressly reserved power to reject the highest or any bid, while Rule 4(3) of the Nagpur Improvement Trust Land Disposal Rules, 1955, read with its proviso, preserved the ability to accept a lower bid or withdraw the land. As no confirmation letter was issued, no concluded contract arose. The Trust was therefore not bound to transfer the land, and the direction in favour of the bidder was unsustainable. Case-Laws Indian Laws Tue, 19 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299037