Coal Act, 2015 nor the Rules envisage the
concept of reverse auction. For purposes of reverse auction,
by an executive order/memo the Central Government ... methodology for determination of "ceiling price",
under which reverse auction will take place. Since the Coal
Act, 2015 and Rules only provides
Clause 20.1 of the tender document talks about the
reverse bidding. The reverse auction was set forth in the third
stage, which occurs after ... financial bidding is opened and
L1 is determined. In the said reverse auction, all the
technically and financially qualified bidders, including the
highest bidder
order to qualify our Bid and direct the KPTCL
rehold the reverse auction process in an open and
transparent manner with sufficient notice.
v. Grant ... State, the bidders being selected through a reverse
auction to provide such energy storage facilities to
HESCOMs. The Petitioner participated in respect of
the tender
price was Rs.5,25,21,000/-.
Consequent, a reverse auction was carried out on December 24, 2018.
The petitioner's name ... list of qualified bidders
eligible to participate in the reverse auction. The petitioner was auto
rejected by the system being the H-1 bidder
gives it when his turn comes. Are you going for the reversal auction of the coal blocks? If you are going for reversal auction then ... Ministry has proposed reverse auction and for the unregulated sector, steel and cement, the Ministry has proposed forward auction. Reverse action means the lowest bidder
process also envisaged a two stage bid and provided
for a reverse auction. The last date for submission of
5
Com.A. S.39 /2018 ... better price,
the defendant No.1 resorted to reverse auction, with a
starting price of Rs.115,00,00,000/- with a minimum
decremental
withdraw
the said petition and permitting them to carry out a reverse auction
process for the procurement of renewable power.
2. The Appellant ... Appellant was not aligned to the market rates and
a fresh reverse auction bidding process would have furthered
the public interest with the objective
bidding was slated to be conducted on the online ereverse
auction platform of C1India on 04.05.2015 and 05.05.2015, with C1
India having near ... place on record that the notification of
closure of the reverse auction generated by system at 13:03:47
hrs on 05.05.2015 submitted
Developmental and the bidding type was a Two stage
Reverse Auction process. Of the entire tendered quantity, upto 20% was to
be awarded to developmental ... Developmental and
the bidding type was a “Two stage Reverse Auction” process. The closing
date of the tender was 25.10.2021 and the contract
participate in the
3
financial part of the bid i.e. reverse auction for the Jharsuguda
Terminal.
4. The petitioner duly participated in the said ... reverse auction on 12 th
November, 2021 and was awaiting a communication from the
respondents. On the 19th November, 2021 the petitioner came to
know
