Highest Bidder At Public Auction Does Not Acquire A Vested Right To Have Auction In His Favour: Reiterates Allahabad High Court [Read Order]

The Allahabad High Court has reiterated that a highest bidder in an auction does not acquire any vested right to have the auction concluded in his favour. "The highest bidder does not acquire any vested right to have the auction concluded in his favour and the authority concerned is not under all circumstances bound to accept the highest tender or bid, which is subject to the...