Chandigarh, April 12 -- Days after cancelling allotments of 48 liquor vends, the UT excise and taxation department is holding a fresh auction to allot them again-but at the winning price quoted by the ousted successful bidders.

In the first auction held on March 21, the department had auctioned 96 out of 97 liquor vends for 2025-26, generating Rs.606 crore in revenue - 36% above the Rs.439 crore reserve price.

The liquor vend in Palsora had fetched the highest bid of Rs.14 crore, well above its reserve price of Rs.10.22 crore.

But the allotment of as many as 48 vends was cancelled on April 9 and April 10 over non-submission of bank guarantees worth Rs.40 crore, necessitating a fresh round of auction.

The bids will be opened on April 2...