STATE OF PUNJAB vs M/S. YOGINDER SHARMA ONKARRAI & CO. AND ORS.

The Supreme Court upheld the decision of the Financial Commissioner regarding the auction of liquor vends, emphasizing that mere possession of a receipt does not equate to a valid bid unless recorded in the bid sheet. The Court reiterated that being a sitting licensee does not confer an automatic right to re-acquire the vend without participating in the auction. The Court also noted that newspaper reports lack evidentiary value and that the auction process was conducted fairly, leading to the dismissal of the writ petition challenging the auction results.