petitioner was the second highest bidder. As per
condition No.7 attached to the auction notice, the highest bidder had
to deposit the balance amount ... therefore, the bid of the highest bidder was not accepted. He does
not dispute the fact that the highest bidder did not deposit the
amount
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
execute the lease agreement by
Annegowda, the first highest bidder, the second highest
bidder was offered to carry on the said business in the offer ... given by Annegowda and not in the offer given by the second
highest bidder. If the offer given by the second highest
bidder would have
tanks. Respondents 6 and 7 were the next i.e., the second highest
bidders. In this order petitioner would be referred ... score that
the contract is already awarded to the second highest bidder, H2, at
10.30 a.m. on 03rd October 2022.
4. This petition
COURT MADE THE FOLLOWING:
ORDER
Petitioner when said to be the second highest
bidder in a public auction relating to allotment of Tea
Stalls ... would
be forfeited whence an opportunity would be extended
to the second highest bidder. According to the
petitioner, as aired by his learned counsel, respondent
petitioner came to be the second highest bidder at
`1,37,786/-. Both the above bids being higher than the
minimum rate fixed ... that the petitioner being the second
highest bidder. The bids having been received by the
respondent, the highest bidder being blacklisted, the
tender ought
second highest bidder shall also be retained till the final approval is communicated to the highest bidder.
13. The successful bidder shall have ... final acceptance of the highest bid. The effect of it is that such and such bidder is the highest bidder. Whether such
M/S Durjaya Estates Private Limited vs Uco Bank on 4 February, 2020
Equivalent citations
under the
Companies Act, 1956 , having its registered office at Bangalore.
The second respondent is said to have borrowed a loan from the
first respondent ... that in an e-auction,
the petitioner was declared as the highest bidder. The sale having
been confirmed in favour of the petitioner
earnest money on
account of default on the part of the bidder to comply with the terms
and conditions of the auction and proceed with ... also referred to the Sale Deed executed in favour of the second
highest bidder, which recorded that the said bidder had paid
