such other amounts deposited by
Respondent No.8 and 9 - being second highest bidders of Lot
No.I and II respectively of M/s. Kankaria ... highest bidder. Though served, no one has entered
appearance for respondent No.7 (original highest/successful bidder)
and for respondent No.9 (original second highest
petitioner was the second highest bidder offering a sum of
eA1517/ -. However, the highest bidder did not come forward
1o pay the balance amount ... given a chance for payment of
such amount. In case, the second highest bidder also
fails to: pay the amount the market committee shall
held
highest price of Rs.10,41,00,000/- and stood first in the bid.
However, as they declined, the petitioner, who is second highest
bidder ... estopped from not proceeding further with the
auction and not offering second highest bidder like the petitioner.
Learned counsel, Mr.Panchal submitted that normally this
bidder) does not take the property at that price, then, the
second highest bidder is having the right to have that property at
the price ... that second highest bidder. The learned advocate
for the petitioner submitted that, asking the second highest bidder
to purchase the property at the price quoted
Malik Traders who
quoted 7,97,66,180/- was the second highest bidder.
4. As required under the terms and conditions ... issued to the respondent M/s.
Malik Traders who was the second highest bidder. As per
condition No. 6 of the said letter of acceptance
sale deed in favour of the highest bidder for the land and building (expenses on bidder's account) and shall execute a delivery note ... option of negotiating with and accepting the offer of the second highest bidder. In such an event also, the amounts till then paid
appellant Trust itself participated in the auction and being the second highest bidder and also lessee in the property of the Company in liquidation, cannot
successful bidder quoted Rs.3,15,00,000/- followed by a second offer from another bidder ... amount, nothing prevented the Authorised Officer from calling upon the second highest bidder to pay the amount quoted by him. The file produced
bidder and the second highest
bidder. One of the terms and conditions of the Auction
Notice was that the highest bidder after declaring ... Panchayat
Samity. The private respondent although declared as a
2
highest bidder, did not in compliance with the terms and
conditions of the Auction Notice
difference is only of Rs.31,000/- between the
highest and second highest bidders. It cannot, therefore, be said
that the offer received ... letter
dated 11.02.2011 that the respondent No.2 has asked the bidders to
raise their bid, pursuant to which the petitioner has made an offer
