https://www.taxtmi.com/caselaws?id=755640 A prompt and bona fide bidding mistake in an e-auction may justify equitable intervention where the platform offers no mechanism to cancel or rectify a submitted bid. The Court applied proportionality and found that strict enforcement of the erroneous bid, including full forfeiture of security deposit, would be punitive and unconscionable in the facts. It balanced fairness to the bidder against the need to protect the public interest and bidding integrity, and permitted a fresh e-auction with moderated monetary consequences instead of rigid forfeiture. The decision underscores that tender and auction matters may attract limited relief where manifest unfairness results from an evident clerical error. en-us Mon, 15 Jul 2024 00:00:00 +0530 Tue, 16 Jul 2024 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755640 A prompt and bona fide bidding mistake in an e-auction may justify equitable intervention where the platform offers no mechanism to cancel or rectify a submitted bid. The Court applied proportionality and found that strict enforcement of the erroneous bid, including full forfeiture of security deposit, would be punitive and unconscionable in the facts. It balanced fairness to the bidder against the need to protect the public interest and bidding integrity, and permitted a fresh e-auction with moderated monetary consequences instead of rigid forfeiture. The decision underscores that tender and auction matters may attract limited relief where manifest unfairness results from an evident clerical error. Case-Laws Indian Laws Mon, 15 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755640