https://www.taxtmi.com/caselaws?id=44126 The court dismissed the writ petition without costs, condemning the arbitrary rejection of the petitioner's bid for abandoned goods at the Port of Madras. Despite the first respondent's discretion to reject offers, the court emphasized the need for reasonableness in exercising auction powers, especially considering the impact of repeated auction postponements on the value of goods. The court questioned the validity of offers from a non-existent entity and criticized the continuous lowering of upset prices, leading to losses for the Port Trust. en-us Thu, 31 Aug 1995 00:00:00 +0530 Wed, 23 Jun 2010 11:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44126 The court dismissed the writ petition without costs, condemning the arbitrary rejection of the petitioner's bid for abandoned goods at the Port of Madras. Despite the first respondent's discretion to reject offers, the court emphasized the need for reasonableness in exercising auction powers, especially considering the impact of repeated auction postponements on the value of goods. The court questioned the validity of offers from a non-existent entity and criticized the continuous lowering of upset prices, leading to losses for the Port Trust. Case-Laws Customs Thu, 31 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44126