https://www.taxtmi.com/caselaws?id=766041 A patent and self-evident error in a public bid may justify equitable intervention where the mistake is promptly disclosed and the bidder seeks withdrawal before a concluded contract. The Court treated the quoted price as an obvious mistake, found that insisting on justification and then enforcing full forfeiture was impractical, and applied proportionality to balance the bidder's fault with the authority's conduct in the tender process. Limited relief was therefore granted: total forfeiture was not sustained, and it was substituted with a reduced monetary payment against return of the security. en-us Fri, 14 Feb 2025 00:00:00 +0530 Sat, 15 Feb 2025 10:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766041 A patent and self-evident error in a public bid may justify equitable intervention where the mistake is promptly disclosed and the bidder seeks withdrawal before a concluded contract. The Court treated the quoted price as an obvious mistake, found that insisting on justification and then enforcing full forfeiture was impractical, and applied proportionality to balance the bidder's fault with the authority's conduct in the tender process. Limited relief was therefore granted: total forfeiture was not sustained, and it was substituted with a reduced monetary payment against return of the security. Case-Laws Indian Laws Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766041