Satish K. Agnihotri, J.

1. The instant intra-court appeal arises from the order dated 18.09.2014 passed in W.P.No.29701 of 2012.

2. The factual matrix leading to filing of the writ petition is that in response to e-auction notice No.MSTC/SRO/Indian Institute of Technology Madras/3/Adyar/11-12/4660[41323], the writ petitioner/first respondent herein offered its bid for purchase of scraps. The second respondent was appointed as selling agent on behalf of the appellant herein/first respondent therein. The precondition for participation in the e-auction was to deposit a sum of Rs.5,00,000/- as pre-bid Earnest Money Deposit (for short “EMD”) by way of demand draft on or before 12.09.2011 as the bid was to be opened on 13.09.2011. The writ petitioner made an highest offer to the tune of Rs.1,24,22,002/- and also deposited the requisite EMD amount before the specified date. The bid offered by several other bidders ranges from Rs.1,24,000/- to Rs.22,55,848/-. The writ petitioner being the highest bidder was informed by email dated 13.09.2011 at 10.40 p.m., stating that his bid has been accepted provisionally subject to approval of the appellant for the bid amount of Rs.1,24,22,002/-.