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Tender (application not having any fault) once accepted is binding

The Supreme Court has set aside the judgment of the Calcutta High Court directing the Howrah Improvement Trust to call for a fresh bid for commercial plots after cancelling the earlier one. The high court passed the order on a writ petition moved by an individual, though the offer of the highest bidder was earlier accepted. "The notice inviting tender is no doubt an opportunity given to different bidders to submit their tenders and participate in the tender process but if an offer is made pursuant to the notice inviting tender and the same is accepted and the terms and conditions of the bid documents and the law provide that such acceptance will bind the authority inviting tenders, then the notice inviting tender cannot be cancelled at a later stage," the judgment stated in the case,
Dr Nagendra Rai vs O P Singh.

Article referred: http://www.business-standard.com/article/opinion/conversion-of-land-use-disallowed-113121500671_1.html

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