Balleshwar Greens Pvt. Ltd. is the
second highest bidder and has offered
Rs.146 crores for the land in question. It
may be noted that ... condition No.29 of the tender
notice, EMD price of second highest bidder
viz. M/s.Balleshwar Greens Pvt. Ltd.
applicant of Company Application
highest bid of
Rs.42,00,000/- of M/s Manasvi Realtors Pvt. Ltd. whereas the applicant,
being the second highest bidder with ... highest bidder shall be refunded only after the 25%
of the tender / bid amount (excluding earnest money) is
deposited by the highest bidder.
14. That
defaulter and held that the machineries would be resold and the second highest bidder viz. Sri Vairalakshmi and Co., would be given opportunity ... considered the request of Sri Vairalakshmi & Co., which was the second highest bidder, and directed the Recovery Inspector, Coimbatore to go with the bank
second highest bid of M/s R.N.Marwah &
Co. for Rs.59 crores was accepted. The
counsel contended that the second highest
bidder ... sale proclamation, the second
highest bid was accepted and the sale was confirmed at the request of
second highest bidder in favor of his nominee
said bidder. With the forfeiture of earnest money of the highest bidder, the issue of offer and acceptance of the highest bidder has come ... other bidders were returned as the amount bidded by them was too low as compared to the highest bidder and the second highest bidder
Akshar Corporation vs O.L. Of Vivekanand Mills Ltd. on 29 September, 2004
Equivalent citations
highest bidder failed to complete the formalities,
this resulted into forfeiture of the earnest money of Rs.50,000/- of the
highest bidder. Appellant, thereafter ... offered the restaurant on licence to
the second highest bidder i.e. Respondent Alpha Bhoj Pvt. Ltd. (plaintiff
in CS(OS) No.3129/1996). Appellant
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
dated 16-9-88 directed acceptance of the offer of the second highest bidder A. P. Singh. After receiving the order of acceptance ... Liquidator mentioning therein that he has come to understand that the second highest bidder has offered to purchase the shares at Rs. 111 /- per share
highest rate of additional charge, priced at Rs.69 per
c.m., whereas opposite party no.4 remained as second
highest bidder offering price ... government revenue. At this point of time, on
25.06.2020, the second highest bidder was asked to
deposit her bid amount. On 14.07.2020, the petitioner
again
