https://www.taxtmi.com/caselaws?id=459820 SC held that highest bidder at public auction has no vested right until confirmation by competent authority. The Sales Commissioner cancelled auction bid after recording satisfaction, which was upheld by appellate authority. HC erred in finding no irregularity was required to vitiate auction proceedings. Under Chapter III of Rules 1976, acceptance of highest bid remains provisional subject to confirmation. State authority not bound to accept highest tender. The provisional bid was properly cancelled by competent authority and HC's contrary finding was unsustainable in law. Appeal allowed. en-us Wed, 02 Mar 2022 00:00:00 +0530 Mon, 30 Dec 2024 19:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459820 SC held that highest bidder at public auction has no vested right until confirmation by competent authority. The Sales Commissioner cancelled auction bid after recording satisfaction, which was upheld by appellate authority. HC erred in finding no irregularity was required to vitiate auction proceedings. Under Chapter III of Rules 1976, acceptance of highest bid remains provisional subject to confirmation. State authority not bound to accept highest tender. The provisional bid was properly cancelled by competent authority and HC's contrary finding was unsustainable in law. Appeal allowed. Case-Laws Indian Laws Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459820