Dhaka, April 16 -- The tender for the lease of the Gabtoli cattle market has been cancelled, according to the Dhaka North City Corporation (DNCC).

The DNCC cited "procedural errors" as the reason behind the move.

Confirming the cancellation on Tuesday, Mohammad Ejaz, the administrator of the city corporation, said: "The tender has been cancelled due to procedural errors by the highest bidder. A fresh tender will be invited."

The Gabtoli permanent livestock market, leased annually at the start of each Bengali year, typically begins its tendering process a month in advance.

The lease, valid for one year, serves as a major revenue stream for the city corporation.

This year, tenders were invited on Mar 3 for the lease covering the Bengal...