Rs 18.25 crore for one nursing home plot in Chandigarh, Rs 12.58 crore for its twin next door: the Supreme Court has held that a public authority can revisit an auction to maximise the price of public property, so long as no enforceable contract has been concluded. New Delhi: Allowing the appeals against a Punjab […]
The Calcutta High Court has held that Panchayat Samitis have exclusive authority to lease ferry ghats vested in them and that a cooperative society of boatmen has no automatic right to a direct settlement, setting aside an interim order that had stalled an e-auction in Murshidabad. Kolkata: The Calcutta High Court on Monday held that […]
The Supreme Court has dismissed the appeal of a successful bidder in an IBC liquidation auction that did not pay the balance price within 90 days, upholding the NCLAT’s order affirming forfeiture of its earnest money and the other sums it paid, on the strength of the forfeiture clause in the e-auction notice.
The Supreme Court held that enhanced royalty on iron ore cannot be avoided merely because an e-auction agreement predated the royalty revision. The Court clarified that royalty liability arises upon removal or dispatch of minerals, and statutory amendments override contrary contractual arrangements under mining law.
