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Rajasthan Housing Board And Another vs G.S. Investments And Another on 31 October, 2006

(ii) It is further contended that the highest bidder does not have a vested right and in the judicial review, the Court can only examine the decision making process and not the decision itself. He further placed reliance on the judgment passed in the case of Rajasthan Housing Board Vs. G.S. Investments reported in 2007(1) SCC 477 [Relevant para are reproduced in para 15 of the judgment ].
Supreme Court of India Cites 9 - Cited by 165 - G P Mathur - Full Document

Union Of India & Ors vs M/S. Bhim Sen Walaiti Ram on 29 September, 1969

Once these aspects are recognised, there appears to be no basis for contending that the owner of the privileges in question who had offered to sell them cannot decline to accept the highest bid if he thinks that the price offered is inadequate. There is no concluded contract till the bid is accepted. Before there was a concluded contract, it was open to the bidders to withdraw their bids -- see Union of India v. Bhimsen Walaiti Ram[13]. By merely giving bids, the bidders had not acquired any vested rights. The fact that the Government was the seller does not change the legal position once its exclusive right to deal with those privileges is conceded. If the Government is the exclusive owner of those privileges, reliance on Article 19(1)(g) or Article 14 becomes irrelevant. Citizens cannot have any fundamental right to trade or carry on business in the properties or rights belonging to the Government--nor can there be any infringement of Article 14, if the Government tries to get the best available price for its valuable rights. The High Court was wholly wrong in thinking that purpose of Sections 22 and 29 of the Act was not to raise revenue.
Supreme Court of India Cites 3 - Cited by 59 - V Ramaswami - Full Document
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