Damaged Solar Panels - 1171 Pcs at Jalaun UP

Specification

Item Id	984
Category	Damaged Solar Panels - 1171 Pcs at Jalaun UP
Manufacture name	M/s. SJVN Ltd. and M/s. Solarworld Energy Solutions Pvt. Ltd
Model name	Solar Panels – 1171 Pcs Make : Znshine PV-Tech Co. Ltd., China. Model : ZXM7-SHLD144-540/M and 545/M. Capacity: 540 W and 545 W.
Model number	2022
Production date	10-Oct-2022
Location	Jalaun, Jalaun, Uttar Pradesh
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 12,000.00 / Pieces
Quantity	1171 Pieces
Sound Invoice Lot Value	Rs. 1,40,52,000.00
Reserve Price	Rs. 860.00 / Pieces
Reserve Price Lot Value	Rs. 10,07,060.00

Remaining Time

Ongoing Lot Bid	Rs. 0.00
Current Bid	Rs. 0.00 / Pieces
Incremental Bid	/ Pieces
Next Minimum Bid	/ Pieces

Expired

Details

Brief Material description– Solar Panels – 1171 Pcs

Make : Znshine PV-Tech Co. Ltd., China.

Model : ZXM7-SHLD144-540/M and 545/M.

Capacity: 540 W and 545 W.

A.
Special Conditions/Commercial Terms of this
E-Auction:

(These
conditions override or supplement general T&C of this participation form)

Disposal of the above
material is being held on following special conditions specific to this
E-Auction:-

1. Basis
of sale: The sale of offered goods for Per unit basis exclusive of
applicable GST

2. The
material of partial loss reels will be delivered after cutting the damage
material from the reels, however Total loss material will be sold in reels.

3. Deposits
and Lifting: After depositing 100% advance payment within 3 working days H1
shall be allowed to start lifting and clear the lot awarded to them. The seller
has indicated that the site can be cleared within a period of 5 to 7 working
days from the date of receipt of delivery order by H1. Any delay in doing
the same, H1 shall be liable to pay ground rent for the salvage quantity
uplifted and yet remaining at site. The rates charged would be Rs. 1000 per MT
per day.

4. Incidental
charges: All charges incidental to loading and lifting of material will be
borne by the H1 Buyer.

5. Dynamic
Time: The eAuction shall automatically extend by 05 MINUTES in case
someone enters a bid in the last one minute of the remaining time in closure of
auction. This shall continue indefinitely until no one bids in the last one
minute of the time remaining. Bids in dynamic time can be placed by 50% of
incremental bid value.

6. Participation/Facilitation
Fee = Rs. 500/- + GST

7. Information
on invoicing: GST certificate, cancelled cheque, Pan card/Adhaar Card copy

8. Information
on Taxes applicable: GST@12%

9.
Additional information on usage of salvaged
goods / Brand Clause etc.: NA

1. The
materials offered are damaged goods under insurance claim hence being offered
for sale on “As is Where is Basis”, “Whatever There is Basis,” and “No
complaint” basis. No complaints whatsoever will be entertained after the bid is
made. The bidder is deemed to have inspected, examined reasonably and
satisfied himself as to all matters regarding condition, type, quality, and
quantity. Rule of “Caveat Emptor” applies strictly.

1. Earnest
Money Deposit ( EMD) Information:

1.1. EMD is always 10% of the final bid amount. To
facilitate participation of more buyers, we (E-Auctioneer and MOA) may allow
participation at a lower amount than mandatory 10%. However H1 is required to
complete EMD amount before lifting of material.

1.2. Interested
buyers must pre-qualifying themselves for participation in the above auction,
by paying a pre-bid amount / EMD of Rs.
1,50,000/-(One Lakh Fifty Thousand) by mode of RTGS to the following
account along with this E-Auction form duly filled & signed.

Adwiti Technocrats Pvt. Ltd

Account no. 916020025588082, IFSC Code: UTIB0004770

Axis
Bank Limited. Sector- 27, Noida, U.P.

1.3. The
pre-bid / EMD and eAuction form to be deposited in physical form or electronic
form (NEFT + scanned form of EMD) to the latest by previous day of e-Auction.

1.4. The EMD
will not attract any interest & will be dealt with as per the procedure
mentioned below:-

1.4.1.
Wherever EMD is held by us, we are responsible for the return
release. Seller or MOA has no role of EMD forfeiting/retention for H3 &
below. EMD of H1 & H2 is at discretion and instructions of the seller and
MOA.

1.4.2.
In case of unsuccessful bidders, (H3 & Lower) EMD is refunded
immediately after adjusting the facilitation fee, but not later than 7-10
working days from the completion of the E-Auction process subject to the terms
and conditions mentioned herein and at the website. EMD holder to ensure the
compliance.

1.4.3.
EMD of the H2 bidder shall be normally retain for 10 days from the
date of approval of E-Auction. However please refer point no. 8.4.1 above.

8.4.4.1 The status of H1 bidder will be
upgraded/confirmed as H1 Buyer after receipt of 10% EMD and 50% advance payment
within 24 hours after he is declared H1 bidder. He will be allowed lifting
after depositing 100% payment +EMD 10% in next 2 days

8.4.4.2 If the H1 bidder fails to deposit minimum
50% payment (apart from 10% EMD) of the final bid value, within 24 hours after
he is declared H1 bidder, his EMD will be forfeited and H2 bidder will be
upgraded to status of H1 and has to honour the deal at the H2 bid value with
privileges and penalties of H1 bidder.

1.4.4.
The EMD of H1 bidder will be adjusted once the complete payment is
received by the seller and also complete material is lifted by H1
bidder. Also adjustment will be done for fee and expenses against EMD if the
seller or MOA has not paid for the same.

1.4.5.
In case of “Buyer’s Non-performance” the EMD may still be
forfeited. Opportunity may be given to H2.

1.4.6.
In case “Seller’s Non-performance” the E-Auction may be canceled
with total cost to be recovered from seller. MOA to decide the course of
action.

1.4.7.
“Non-performance” may be encountered wherever T&C of this
document and seller NOC are breached. The E-Auctioneer may decide on such cases
under consultation of MOA. Some example scenarios are as under:

Contact Salvage Manager about this items/lot.
Phone :	Meenakshi Gupta -9625137014
Email :	meenakshi@salvagemanagers.com