second highest bidder and the highest bidder; condition No.15
enables the Commissioner of Endowments to accept a single bid or
the highest bid; restricting ... highest bidders, and the other plots were allotted to the next
highest bidder at a price not lower than the bid quoted by the
highest
order. If the second highest bidder also fails to pay the amount in time, the third highest bidder may be issued confirmation orders subject ... considered. In the event the second highest bidder fails to deposit within the stipulated time, the third highest bidder's case
highest bidder shall be called for
negotiations and shall be requested to match his offer to that of the highest
bidder; that if the second ... highest bidder expresses inability to match his offer
to that of the highest bidder, the tender committee shall negotiate for
reasonable enhancement over his initial
appellant - the highest bidder, failed to deposit, the 1st respondent - the second highest bidder, would automatically come into the picture and by virtue of lapse ... right accrues in favour of the 1st respondent, being the second highest bidder.
10. The appellant/1st respondent in the said application, filed a counter
bidders would be refunded their Earnest Money Deposit. In case the
highest bidder committed any default, the Earnest Money Deposit made by that
bidder would ... accepting
the second highest bid or the third highest bid or the fourth highest bid,
whenever the respective highest bidder commits default is causing enormous
intending bidder, to prohibit anyone from bidding at any stage of the auction, to reject the highest or any bid, to accept the highest ... sale shall be signed by the highest bidder and the second highest bidder for each unit immediately after the sale is knocked down
aware by virtue of his acknowledgment under Ex. A.5, the highest bid knocked was subject to the approval of the Commissioner, Endowments and within ... unsuccessful bidder, in respect of lot No. 1, being the second highest bidder at Rs. 116/- per bag, as against the highest bidder
square yards (proposed by it) which is the Minimum Guarantee Share any bidder is required to offer. Thus, it is evidently a clerical mistake.
(Emphasis ... respondent No. 2 and that of the petitioner, who is the second highest bidder, it sought for the opinion of its consultant-APITCO by forwarding
highest bidder, but fails to deposit the amount, then the second
highest bidder would get the opportunity to purchase the secured
asset put to sale ... been
transferred by the secured creditor in favour of the best
bidder/highest bidder, then the secured creditor shall take no
further steps to transfer
days time was given to the highest bidder to pay the balance amount. Even assuming that the confirmation order was issued on 6-1-1994 itself ... excluded in counting the 10 days time given to the highest bidder. Secondly, I am of the view that time has to be reckoned from
