Sole auction participant can't be declared 'winning' bidder: High court

Tuesday, 24 December 2024
The Karnataka HC stated that having just one bidder in an auction undermines the goal of obtaining the best competitive price. The court ordered a home finance firm to refund earnest money to a sole bidder who did not complete the deal, emphasizing that such a scenario is unjustifiable and logically impossible.

👓 View full article

0 shares	Share Tweet Save Post Send

💡 newsR Knowledge: Other News Mentions

Karnataka High Court High Court for Indian state of Karnataka

HC quashes ED's action against Muda ex-commissioner

Karnataka High Court quashed ED's action against former Mysore Urban Development Authority commissioner D S Natesha in the alternative site allotment case. The..
IndiaTimes 1 week ago

Government may refer 'one nation, one election' bill to JPC

The Indian government is considering referring the 'one nation, one election' bill to a parliamentary panel for wider consultations. This aims to achieve...
IndiaTimes on December 9, 2024 Also reported by •Zee News •Mid-Day •DNA

'One nation, one poll' not before 2029, says Chandrababu Naidu

Andhra Pradesh CM Chandrababu Naidu rejected former CM Jagan Reddy's claim of "one nation, one election" (ONOE) in 2027. Naidu stated that simultaneous polls are...
IndiaTimes on December 14, 2024