JUDGMENT :

The petitioner has preferred the instant writ petition under Article 226 of the Constitution of India seeking setting aside and quashing of a Sale Intimation Letter dated 21.02.2022 issued by the respondent no. 4 to the petitioner whereby the petitioner had been informed that the petitioner’s bid against the auctioned lot of ACSR Lapwing Conductor, Lot no. 1 containing 1368.66 Metric Tons at his quoted bid value of Rs. 2,00,001/-per metric ton had been accepted, thereby, asking the petitioner to deposit the balance bid value. The petitioner has also sought for a direction in the nature of Mandamus to the respondent authorities to refund a sum of Rs. 34,49,000/-which the petitioner had deposited as pre-bid Earnest Money Deposit [EMD] to participate in the auction process initiated by an Auction Notice bearing no. MSTC/GHY/POWERGRID CORPORATION OF INDIA LTD/4/Veluguri P.O. Kathiatoli/21-22/30843. The petitioner has also sought for a relief in the form of a direction to restrain the respondent authorities from initiating any further penal action in terms of Clause 2 of the Auction Bid Document.

2. In order to understand the nature of controversy involved in the case, the ne