If the highest bid is lower than the reserve price or outside the acceptable tolerance threshold, the e-auction is cancelled. The Competent Authority can then re-auction the lot after re-evaluating and adjusting the reserve price based on market feedback.
Source: DFPR Annexure
How is 'each case' defined when writing off multiple items of stores?
What constitutes 'commodities not intended for Government consumption' under Rule 18?
What happens when the person filling the downgraded post becomes eligible for promotion?
How does Rule 6 affect the creation of new schemes or projects?
What types of contracts are covered under 'negotiated or single tender or proprietary contracts'?
This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.