6] The petitioner himself has annexed letter at Exhibit K which states that the valuation as per the ready reckoner is Rs. 69,71,640/- and, as per the Government approved valuer, the valuation of the said land is Rs. 7 Crores 89 Lakhs. It would be clear that the price being received by the respondents for the said land was only 25% of the market value, as valued by the Government approved valuer. The petitioner was never communicated that his offer was accepted. The sanction of the Government was required for finalizing the offer. The Government at no material point had given its sanction. No concluded contract had come into existence. The submission of tender by the petitioner was only an offer pursuant to invitation to offer by the respondent. Unless and until the offer is accepted by the respondent, promise has not come into existence. Inter-alia the contract has not come into existence. In the light of that, no right is created in favour of the petitioner. In the affidavit, it has also been stated by the respondent No.1 that the amount of Rs. 20 Lakhs was tried to be repaid by cheque bearing No. 088506 dt. 8/4/2015 by Regd. Post A.D. But the same was not accepted by the respondent.