standing for highest. H2 bidder was required to match the levy of fees and payment schedule with the highest bidder (H1) to be eligible ... made to H3, the third highest bidder, and so on.
4. After the bids were evaluated, highest bidder was found to be the petitioner
shall stand forfeited and Corporation may
accept the second highest bidder and call for the payment.
2. Balance amount of Rs.338,00 Lacs shall ... will be open to GSFC to accept the offer of
the second highest bidder and call for payment.
3. The balance amount
shall stand forfeited and Corporation may
accept the second highest bidder and call for the payment.
2. Balance amount of Rs.338,00 Lacs shall ... will be open to GSFC to accept the offer of
the second highest bidder and call for payment.
3. The balance amount
found during analysis of
Technical Bid of First Highest Bidder & Second Highest Bidder in connection with
RFP No. NHAI/NHAIPIU ... NHAI_122257_1.
10. Please inform who is the Second Highest Bidder in connection with RFP No.
NHAI/NHAIPIU-GZB/DME-1/HMN/2021, Tender
accordance with stipulated
guidelines of RBI to the extent that second highest bidder (H2) i.e., M/s
Serveall Land Developers ... proposal of M/s Serveall
Land Developers Pvt. Ltd. (alleged second highest bidder) was approved.
6. Learned Counsel for the Appellant brought out that
That this Hon'ble Tribunal be pleased to declare the second
highest bidder for the Geographical Area of Chennai Tiruvallur
i.e. the Appellant
have bid for each lorry and that the highest bidder had been chosen as the successful bidder. There is nothing to indicate ... that in the slips at pages 190 and 193 the second highest bidder is shown as one S.K. Ahmed who has signed at page
shall issue the letter of intent (LOI) to the
Successful Bidder. The Successful Bidder within two
(2) Working Days from the date issue ... already paid and the property/assets/company may
be offered to second highest bidder or put to re-
auction at sole discretion of the Liquidator
show their
bona fides. Having participated in the auction, both these bidders could
not have withdrawn/retracted from the process or, bid. The auction ... offer is to be placed for consideration of this Court.
The second highest bidder, therefore, cannot take shelter behind the first
highest bidder. Otherwise
Charu Desai vs Formation Textiles Llc & Ors on 22 April, 2025
Author: Ashok Bhushan
