https://www.taxtmi.com/caselaws?id=459820 Under the Punjab Package Deal Properties (Disposal) Rules, 1976, the highest bid at public auction remained provisional until confirmed by the Sales Commissioner, so no vested right arose merely from deposit of earnest money. The competent authority could cancel the auction and order re-auction where it found inadequate publicity and an insufficient bid, and the appellate and revisional authorities upheld that decision. Judicial review in auction matters is limited to arbitrariness, irrationality, bias, mala fides, or perversity, and the Court will not substitute its own view for the authority's assessment of public interest and price realisation. en-us Wed, 02 Mar 2022 00:00:00 +0530 Mon, 30 Dec 2024 17:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459820 Under the Punjab Package Deal Properties (Disposal) Rules, 1976, the highest bid at public auction remained provisional until confirmed by the Sales Commissioner, so no vested right arose merely from deposit of earnest money. The competent authority could cancel the auction and order re-auction where it found inadequate publicity and an insufficient bid, and the appellate and revisional authorities upheld that decision. Judicial review in auction matters is limited to arbitrariness, irrationality, bias, mala fides, or perversity, and the Court will not substitute its own view for the authority's assessment of public interest and price realisation. Case-Laws Indian Laws Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459820