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.
Sole auction participant can’t be declared ‘winning’ bidder: High court
Categories:
Related Post
Exclusive discounts from CBS Mornings DealsExclusive discounts from CBS Mornings Deals
On this edition of CBS Mornings Deals, Adriane Kiss shows us items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals
‘War followed us’: A Syrian family fled Beirut after Israeli bombardment to face repression, bombing at home‘War followed us’: A Syrian family fled Beirut after Israeli bombardment to face repression, bombing at home
Ahmed Yahia Dabbas fled to Lebanon more than a decade ago to escape the relentless bombardment and frequent airstrikes carried out by Syrian President Bashar al-Assad’s regime and its Russian
EY resigns as adviser to Byju’s IRPEY resigns as adviser to Byju’s IRP
EY Restructuring has resigned from advising Pankaj Srivastava, the NCLT-appointed internal resolution professional at Byju’s. This development follows BDO’s resignation as Byju’s auditor earlier this month. Srivastava is currently inviting