bids. The bids were required to
be submitted in two parts : (a) technical bid and (b) price bid.
4. Under clause 19.1 of the bid ... with
bid security. They read as under:
"7. Bid security
7.1. The bidder shall furnish, as a part of his bid, a bid
security
seeking withdrawal of his E.M.D., we are of
the opinion that the appellant is entitled to withdraw his
bid and there ... instant case
even if the bid are submitted and the bid is the only bid ,
the sale is complete only when the same is accepted
instructions regarding bidding"
would mean any instructions, not merely instructions by way
of clarification, modification, amplification of bids but
also withdrawal or retraction ... auction a lower bid always lapses on receipt of a higher bid
and as such the lower bid becomes incapable of acceptance
and that even
accept the bid. The auctioneer is not bound to accept any bid, and conversely a bidder is entitled to withdraw his bid at any time ... sale. A bid is a mere offer, and can be retracted by the bidder before the acceptance of the bid. Until the bid is accepted
Bidder withdraws its bid during the
period of bid validity specified by the Bidder in the
Bid; or
b) In the case of a successful ... bidder, withdraws its Bid during the period
of bid validity specified by the bidder on the Bid
Form; or
2. If the bidder, having been
bid was confirmed by the Chief
Commissioner and till such confirmation, the person
whose bid has been provisionally accepted is entitled to
withdraw his bid ... bid was confirmed by the Chief
commissioner and till such confirmation
the person whose bid has been
provisionally accepted is entitled to
withdraws his bid
stage
of examination of technical bids, the second respondent initiated the
process of e-bidding. Initially the e-bidding was fixed for 24 January ... bidding portal, it failed to submit a bid higher than that
existing and this act would clearly amount to it withdrawing from the
bidding process
days from the last date of submission of Financial
Bid/Sealed Bid. If the bidder withdraws the bid during the validity
6
period of bid ... withdrew his bid
during the period of bid validity. Before the validity period of the bid ended,
the respondent firm withdrew its bid. The appellant
JUDGMENT DATED: 27/07/2021
"17.4 The price bid [bid schedule-part-II (price bid)]
duly filled in excel format and digitally signed will ... with
bid security. They read as under :-
"7. Bid Security.
7.1. The bidder shall furnish, as a part of his bid, a Bid
Security
submission of Bid. No bid
shall be modified after the deadline for
submission of bids. No bid may be withdrawn in
the interval between ... deadline for submission
of bids and expiration of the period of bid
validity specified. Withdrawal of a bid during
this period will result in forfeiture
