Search Results for Tag : Auction
Top Story
Finance Minister launches eBkray for online auction of assets attached by banks(28.12.2019)
In order to enhance digital transaction, eBkray, a common e-auction platform was launched by the Finance Minister. The platform is equipped with prope.....
Tags : EBkray, Online auction, Launch
Hitting the right wavelength(14.05.2015)
In a case determining if mobile service providers were owed a right of extension of licence by the Government, the Supreme Court held in the negative......
Tags : telecom, auction, licence, conflicting aims
Statute
Draft Mines and Minerals (Development and Regulation) (Amendment) Bill, 2016(11.01.2016)
Ministry of Mines has released draft Act, 2016 to amend the Mines and Minerals (Development and Regulation) Act, 1957. Comments and suggestions on the.....
Tags : Captive mining lease, auction, transfer
News
Supreme Court Makes Jharkhand Coal Block Auction Provisional And Subject to Orders(09.11.2020)
Supreme Court has directed that any action in connection with the opening of commercial coal mining in Jharkhand and the coal block auction would be p.....
Tags : Supreme Court, Jharkhand Coal Block Auction
Gujarat HC Dismisses Petition Opposing State’s First Wind Auction(07.11.2017)
Gujarat High Court has dismissed a petition opposing the holding of the state’s first wind auction.
Tags : Gujarat High Court, wind auction
Allahabad HC: Highest Bidder Not to Acquire Vested Right in Auction(26.10.2020)
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.
Tags : Allahabad High Court, Vested Right in Auction
SC: Valid Auction Can’t be Cancelled on Mere Expectation of Fetching Higher Price(08.09.2023)
Supreme Court has held that while the highest bidder has no indefeasible right to demand acceptance of his bid, mere expectation of the Liquidator tha.....
Tags : Supreme Court, Auction, Liquidator, Higher Price
Supreme Court Refuses to Intervene in Govt Mechanism For Allocating Natural Resources(13.01.2017)
Supreme Court has said that auction should be preferred mode of allocating scarce national resources to private parties for commercial exploitation an.....
Tags : Supreme Court, national resources, allocation, auction
SC: Twin Condition of Fraud And Substantial Injury Has to be Satisfied to Set Aside Auction Sale(05.09.2022)
Supreme Court has held that twin conditions of material irregularity or fraud and substantial injury has to be satisfied before an auction sale can be.....
Tags : Supreme Court, Twin Condition, Auction Sale
SC: Right to Redeem Mortgage Extinguishes Once Bank Publishes Auction Notice(22.09.2023)
Supreme Court has held that right of the borrower to redeem the secured asset stands restricted till the date of publication of sale notice under SARF.....
Tags : Supreme Court, SARFAESI, Mortgage, Redeem, Auction Notice
Orissa HC Refuses to Interfere E-Auction Process of Karlapat Bauxite Block(13.12.2021)
Orissa High Court has refused to interfere in the e-auction process of Karlapat Bauxite Block, initiated by the Government of Odisha, on the plea of a.....
Tags : Orissa High Court, E-Auction Process of Karlapat Bauxite Block
Karnataka HC Stays Auction of Properties by Banks During 21-Day Lock Down Period(31.03.2020)
Karnataka High Court has stayed for three weeks the process of auction and e-auction of mortgaged properties, during the 21-day lock-down period, obse.....
Tags : Karnataka High Court, Auction of Properties by Banks
Bombay High Court Allows ED to Auction Nirav Modi’s Paintings(05.03.2020)
Bombay High Court has allowed the Enforcement Directorate (ED) to carry on with its 5th March, 2020 auction of paintings of Nirav Modi, including rare.....
Tags : Bombay High Court, Nirav Modi, Auction
SC: Sale Pursuant to Public Auction Cannot be Set Aside on Basis of Offer by Third Parties(21.02.2022)
Supreme Court has observed that a sale pursuant to public auction cannot be set aside on the basis of some offer made by third parties subsequently a.....
Tags : Supreme Court, Sale Pursuant to Public Auction
Allahabad HC: Recovery Officer to Cancel Auction Sale Where Dues Paid Before Auction Sale(24.02.2022)
Allahabad High Court has observed that in case Bank/financial institution is satisfied that its dues are paid before the auction sale is confirmed, th.....
Tags : Allahabad High Court, Auction Sale
CIVIL - Auction Sale can't be Held 3 Years After End of FY in which Recovery Certificate was Issued: Kerala H(22.02.2019)
Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....
Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal
CIVIL - Auction Sale can't be Held 3 Yrs After End of FY in which Recovery Certificate was Issued: Kerala HC(22.02.2019)
Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....
Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal
CCI Urges Govt to Ensure Adequate 5G Airwaves to be Auctioned at Affordable Rates(25.01.2021)
Competition Commission of India (CCI) has urged the government to ensure adequate 5G airwaves are auctioned at affordable rates amid acute financial s.....
Tags : Competition Commission of India, Auction of 5G Airwaves
NCLAT: AA Can Consider Any Application Arising Out Of Sale In Liquidation(19.10.2022)
National Company Law Appellate Tribunal, Delhi has observed that the Adjudicating Authority (AA) is empowered to consider any application filed by the.....
Tags : National Company Law Appellate Tribunal, Liquidator, Auction, Adjudicating Authority
Central Board of Direct Taxes Issues Guidelines for TDS on E-Auction Services(26.11.2021)
Central Board of Direct Taxes (CBDT) has issued the guidelines which states that no TDS (tax deducted at source) under section 194-O of the Income Tax.....
Tags : Central Board of Direct Taxes, TDS on E-Auction Services
SC: Court Auction Sale is Most Transparent(11.11.2022)
Supreme Court while observing that Registering Authority can’t sit in appeal over decision of Court permitting sale at particular price has held that .....
Tags : Supreme Court, Auction, Transparent
Gujarat HC: Rights of Person Not Affected Where Land Sold in Public Auction with No Condition(14.02.2022)
Gujarat High Court has held that when the land was sold in a public auction and when there is no condition attached to the said order of sale, then th.....
Tags : Gujarat High Court, Land Sold in Public Auction
Rajasthan HC Sets Aside E-Auction Notices Demanding Additional Performance Security(03.02.2022)
Rajasthan High Court has set aside e-auction notices issued by the Water Department which demanded additional performance security for unbalanced bids.....
Tags : Rajasthan High Court, E-Auction Notices
SC: Deposit of 25% of Amount by Auction Purchaser Mandatory Under Order XXI Rule 84 CPC(13.02.2023)
Supreme Court while observing that under Order XXI Rule 84 CPC, the deposit of 25% of the amount by the auction purchaser is mandatory, has held that .....
Tags : Supreme Court, CPC, Auction Purchaser
SC: Hazardous to Apply Princ. of Order XXI of CPC Where Illegal Auction Sale by State is in Question(11.07.2024)
SC has held that in cases where the legality of an auction sale conducted by the State is questioned on ground of mala fides, undue favour for extrane.....
Tags : Supreme Court, Illegal Auction Sale, Order XXI Rule 90
SC: Rights of State as Lessor Can Only be Sold by Public Auction or Other Transparent Method(05.08.2024)
SC has held that rights of the State as lessor can only be sold by a public auction or by any other transparent method by which, apart from the lessee.....
Tags : Supreme Court, Public Auction, Nominal Price
Delhi HC Rejects Plea Challenging Coal Ministry’s Decision to Club all Sectors in Coal Auctions(06.10.2016)
Delhi HC has dismissed pleas of some private companies challenging Coal Ministry's decision to club all sectors, barring power, under a single categor.....
Tags : Delhi HC, Coal Auction, Coal Ministry
SC Issues Notice in Jharkhand Govt's Plea Against Centre's Coal Block Auction(15.07.2020)
Supreme Court has issued notice in the plea filed by Jharkhand Government against the launch of auction process of coal blocks for purposes of commerc.....
Tags : Supreme Court, Coal Block Auction.
Supreme Court Orders Status Quo on Taj Mansingh Hotel(21.11.2016)
Supreme Court has stayed auction process of iconic Taj Mansingh Hotel.
Tags : Supreme Court, Taj Mansingh Hotel, auction, Status Quo
Delhi HC Dismisses IHCL’s Plea against Taj Mansingh Hotel Auction(27.10.2016)
Delhi High Court has dismissed Tata Group-Owned Indian Hotels Co. Ltd’s (IHCL) plea against a decision to auction Delhi-based Taj Mahal Hotel.
Tags : Delhi High Court, Tata Group, Taj Mahal Hotel, auction
SC: Auctioneer Can’t Refuse Sale Certificate if No Default on Part of Auction Purchaser(17.10.2024)
Supreme Court while dealing with the issue of cancellation of an auction purchase, has held that issuance of sale certificate cannot be refused by auc.....
Tags : Supreme Court, Auction Purchase, Sale Certificate
Supreme Court Seeks Centre’s Response on Auction of Telecom Spectrum(11.08.2020)
Supreme Court has sought the Centre's response on whether Telecom Spectrum can be sold/ auctioned in the insolvency proceedings faced by the telecommu.....
Tags : Supreme Court, Auction of Telecom Spectrum
Notifications & Circulars
Cabinet approves Auction of IMT/5G Spectrum(15.06.2022)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a proposal of the Department of Telecommunications to conduct spectrum.....
Tags : Auction, IMT/5G Spectrum, Approval
Amendment to general notification of sale of Government of India Treasury Bills/Cash Managements Bills by auction(23.12.2021)
The Government of India hereby makes the following amendments to its Notifications in the Ministry of Finance No. F.4(2)-W&M/2018 dated the 27th March.....
Tags : Amendment, General notification, Auction
TRAI releases Consultation Paper on "Reserve Price for auction of FM Radio channels"(16.10.2019)
The Telecom Regulatory Authority of India (TRAI) has today released a Consultation Paper on "Reserve Price for auction of FM Radio channels". The Mini.....
Tags : Consultation Paper, Reserve Price, Auction, FM Radio channels
Opening of technical bids for auction of Coal mines for sale of coal(28.01.2021)
The auction process of 4 coal mines (Chendipada & Chendipada-II, Kuraloi (A) North and Seregarha) for sale of coal was launched by the Nominated Autho.....
Tags : Technical bids, Auction, Coal mines
DoT issues notice inviting applications for auction of Spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands(06.01.2021)
Department of Telecommunications (DoT) issued today Notice Inviting Applications (NIA) for auction of Spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz,.....
Tags : Notice, Auction, Spectrum
Rs. 263.97 crores received in Private FM Radio Phase III Channel auction(22.09.2015)
The Ministry of Information and Broadcasting received Rs 263.97 crore as bid deposits from successful bidders of e-auction of first batch of private F.....
Tags : Fm channel, auction, successful bids
TRAI releases Consultation Paper on 'Auction of Spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300-3400 MHz and 3400-3600 MHz bands'(28.08.2017)
The Telecom Regulatory Authority of India (TRAI) has today released a Consultation Paper on 'Auction of Spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MH.....
Tags : Consultation Paper, Release, Spectrum, Auction
Judgments
Reliance Jio’s 4G licence saved on ‘commercial realities’(08.04.2016)
The Supreme Court dismissed a petition against the grant of a 4G licence to Reliance Jio Infocomm Limited for being grossly undervalued. The challenge.....
Tags : Reliance jio, 4g licence, auction, policy
When the application for appointment of Receiver or for permission for sale is moved, Trial Court shall consider the same expeditiously(23.12.2019)
The present petition has been preferred by the Petitioner/Plaintiff ("Bank") challenging the impugned order by which Trial Court has simply adjourned .....
Tags : Vehicle, Sale, Auction
Right to refuse the lowest or any other tender is always available to the Government until the confirmation letter is issued(22.02.2021)
In present petition, the Petitioner prayed for issuance of writ of mandamus commanding the Respondents to finalize the auction of Shop with respect to.....
Tags : Auction, Allotment, Shop
Highest Bidder has no vested right to have the public auction concluded in his favour(02.03.2022)
The instant appeal arises from the judgment and order passed by the Division Bench of the High Court setting aside the order passed by the Financial C.....
Tags : Auction sale, Confirmation, Validity
Unless there are allegations of fraud or collusion, the highest offer received in the public auction is to be accepted as a fair value(18.02.2022)
Appeal is filed by the auction purchaser against the impugned judgment and order passed by the High Court by which the High Court has directed the aut.....
Tags : Re-auction, Direction, Legality
Depositing of amount unilaterally by the petitioner-firm, in absence of any allotment letter, would not create any right to claim allotment in its favour(20.04.2022)
The petitioner is a partnership firm, engaged in the activity of manufacturing and exporting handicrafts, wooden furniture and other items, having its.....
Tags : Auction, Allotment of letter
Fact of litigation and suit by certain parties in the property cannot be ground for the Successful Bidder of not making payment of balance amount(21.04.2023)
Present Appeal has been filed against the order passed by the Adjudicating Authority by which order application filed by the Appellant for issuing dir.....
Tags : E-auction process, Documents, Direction
IBC bars jurisdiction of civil courts in respect of any matter in which NCLT or NCLAT is empowered by Code to pass any Order(18.11.2019)
The present civil appeals have been filed by the Appellant-Resolution Professional appointed by the National Company Law Tribunal for the Corporate De.....
Tags : Auction, Assets, Interim order, Jurisdiction
Right of the borrower to redeem the secured asset stands extinguished, once the auction notice is published(21.09.2023)
Present appeals are at the instance of an auction purchaser left high and dry by the Respondents and is directed against the common judgment and order.....
Tags : Auction sale, Proceedings, Right
Sale could be set aside only when material irregularity or fraud results in causing substantial injury to judgment-debtor(02.05.2017)
Instant appeal is filed by auction purchaser against final judgment passed by High Court of Judicature, Andhra Pradesh whereby High Court allowed appe.....
Tags : Auction, Sale, Validity
If there is no stipulation in contract of forfeiture, there is no such right available to party to forfeit the sum(25.10.2017)
Present appeal is filed by the Plaintiff against the final judgment passed by the High Court of Madhya Pradesh, whereby the High Court dismissed the a.....
Tags : Power to forfeit, Security money, Auction notice, Conditions, Breach