Public Auction

Supreme Court Sets Aside Auction of Sick Company’s Assets Due to Procedural Flaws: Rajiv Kumar Jindal vs. BCI Staff Colony (27 April 2023)

/ Ajay Rastogi, Auction Law, Bela M. Trivedi, Judges, Public Auction, Sick Industrial Companies Act, 1985, Sick Industrial Companies Act, 1985 with Section 18(2)(k), Sick Industrial Companies Act, 1985 with Section 20(4), Sick Industrial Companies Act, 1985 with Section 21(c)

Supreme Court Sets Aside Auction of Sick Company’s Assets Due to Procedural Flaws: Rajiv Kumar Jindal vs. BCI Staff Colony (2023) LEGAL ISSUE: Whether the auction of a sick company’s assets was valid when the Operating Agency failed to follow mandatory procedures. CASE TYPE: Insolvency and Corporate Law Case Name: Rajiv Kumar Jindal and Others […]

Supreme Court Sets Aside Auction of Sick Company’s Assets Due to Procedural Flaws: Rajiv Kumar Jindal vs. BCI Staff Colony (27 April 2023) Read Post »

Supreme Court Upholds Municipal Authority’s Right to Reject Auction Sale: Municipal Committee, Barwala vs. Jai Narayan and Company (2022)

/ Haryana Municipal Act, 1973, Haryana Municipal Act, 1973 with Section 250, Haryana Municipal Act, 1973 with Section 61, Haryana Municipalities Management of Municipal Properties and State Properties Rules, 1976, Haryana Municipalities Management of Municipal Properties and State Properties Rules, 1976 with Rule 2, Hemant Gupta, Judges, Property Law, Public Auction, V. Ramasubramanian

Supreme Court Upholds Municipal Authority’s Right to Reject Auction Sale: Municipal Committee, Barwala vs. Jai Narayan and Company (2022) LEGAL ISSUE: Whether a successful bidder in a public auction has a legal right to demand execution of a sale deed if the auction is not confirmed by the competent authority. CASE TYPE: Civil Law –

Supreme Court Upholds Municipal Authority’s Right to Reject Auction Sale: Municipal Committee, Barwala vs. Jai Narayan and Company (2022) Read Post »

Supreme Court Upholds State’s Right to Reject Highest Bid in Public Auction: State of Punjab vs. Mehar Din (2022)

/ Abhay S. Oka, Ajay Rastogi, Contract Law, Judges, Judicial Review, Public Auction, Punjab Package Deal Properties (Disposal) Act, 1976, Punjab Package Deal Properties (Disposal) Act, 1976 with Rule 8, Punjab Package Deal Properties (Disposal) Rules, 1976, Scope of Judicial Review

Supreme Court Upholds State’s Right to Reject Highest Bid in Public Auction: State of Punjab vs. Mehar Din (2022) LEGAL ISSUE: Whether the State is bound to accept the highest bid in a public auction. CASE TYPE: Public Auction/Contract Law Case Name: State of Punjab & Others vs. Mehar Din [Judgment Date]: March 2, 2022

Supreme Court Upholds State’s Right to Reject Highest Bid in Public Auction: State of Punjab vs. Mehar Din (2022) Read Post »

Supreme Court rules against forfeiture of security deposit in auction case: Suresh Kumar Wadhwa vs. State of M.P. (25 October 2017)

/ Abhay Manohar Sapre, Auction Law, Breach of contract, Forfeiture Clause, Indian Contract Act, 1872, Indian Contract Act, 1872 with Section 74, Judges, Public Auction, R.K. Agrawal, Security Deposit, Terms and Conditions

Date of the Judgment: 25 October 2017 Citation: (2017) INSC 923 Judges: R.K. Agrawal, J. and Abhay Manohar Sapre, J. Can a government body forfeit a security deposit when the terms of the auction were not fully disclosed? The Supreme Court of India addressed this question in a case involving a public auction of land.

Supreme Court rules against forfeiture of security deposit in auction case: Suresh Kumar Wadhwa vs. State of M.P. (25 October 2017) Read Post »

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