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Ram And Shyam Company vs State Of Haryana And Ors on 8 May, 1985

23. On the other side, Respondent No. 1 claimed that it had been declared as the lowest bidder (L­1) by virtue of automatic conclusion of the auction process at 1:03PM, post which any resumption was impermissible and contrary to contractual terms. Further, a colour was sought to be cast, by claiming that such resumption was to benefit particular parties. The refusal of BCCL to accept the new bid which was more than Rs 400 crores less than the previous offer was claimed to demonstrate this. Per AMR­Dev Prabha, public interest ought to be prioritised, which according to Ram and Shyam Co v. State of Haryana3 would entail that the State instrumentality accept the best available price, irrespective of formal technicalities.
Supreme Court of India Cites 15 - Cited by 808 - D A Desai - Full Document
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