Supreme Court Rules Property Auctions Can Be Cancelled For Better Prices Before Final Allotment
The Supreme Court has ruled that public authorities can cancel or reconsider property auctions to secure a better price for public land, provided a legally binding contract has not been finalised. The court said such decisions are justified when they aim to protect public revenue and ensure that government property is not sold below its potential market value. A bench of Justices Pamidighantam…
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