Section 6 in The Goa, Daman and Diu Disposal of Immovable Evacuee Property Rules, 1977
6. Acceptance of bid.
- The Custodian shall not accept the bid below the reserve price. If the bid is less than the reserve price, the immovable property shall be disposed off by re-auction. If at the second auction, the highest offer is less than the reserve price, the Custodian may, at his discretion accept the offer.
