Case of Golden Food Products India vs State of Uttar Pradesh, SC Judgement Dated 6th January 2026. The apex court ruled that act of the state development authority is arbitrarily and violates Article 14 by cancelling the highest bid in a public auction solely because it subjectively expected a higher price, especially when based on an irrational comparison with prices of dissimilar assets. Upholding the sanctity of auctions, the court held that in absence of fraud or illegality, a valid highest bid above the reserve price creates a legitimate expectation for acceptance.