OM PRAKASH SHARMA vs RAMESH CHAND PRASHAR .

The Supreme Court held that the condition for submission of annual turnover and net worth in the bidding process for the sale of Café Aabshar was mandatory under the guidelines issued by Himachal Tourism. The Court found that the acceptance of the appellant's bid, which was below the reserve price set by the Expert Committee, was improper, leading to the quashing of the Letter of Intent and Sale Deed. The Court upheld the High Court's decision to re-initiate the bidding process in accordance with the law.