Yash Fans: Lot - 4 Building Structure & MS Rack- 300 MT


Item Id 681
Category Yash Fans: Lot - 4 Building Structure & MS Rack- 300 MT
Manufacture name M /S Yash Fans & Appliances
Model name Lot - 4 Building Structure & MS Rack- 300 MT
Model number 2020
Production date 26-May-2020
Location Garkhal, Solan, Himachal Pradesh
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 93,950.00 / MT
Quantity 300 MT
Sound Invoice Lot Value Rs. 2,81,85,000.00
Reserve Price Rs. 30,000.00 / MT
Reserve Price Lot Value Rs. 90,00,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / MT
Incremental Bid / MT
Next Minimum Bid / MT


Yash Fans & Appliances 

Lot - 4 (Building Structure & MS Rack)
QTY - Approx - 300 MT

Term & Condition of e-Auction:

Disposal of the above material is being sold on‘ As Is Where Is’, ‘Whatever There Is’ and ‘No Complaint’ basis subject to the following condition:-

The sale of offered goods is Per MT basis for  Inclusive of applicable taxes (GST@18%), Tcs Extra

DYNAMIC TIME: The eAuction shall automatically extend by 10 MINUTES in case someone enters a bid in the last one minute of the remaining time in closure of the 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.

The Purchaser (H1/H2) should remit 50% advance payment within 3-5 working days of receipt of bank details/allotment order, from the insured/seller/auctioneer, failing which their EMD will be forfeited.

The Winner will be declared after the analysis of the final bid of each auction from all the top bidders.

On approval, H1 should remit Initial Payment of Rs. 50, 00,000/- (Fifty Lakh) within 3 working days of receipt of bank details/allotment order, from the insured/seller/auctioneer, failing which their EMD will be forfeited.

50% amount of initial deposit (i.e. Rs. 25, 00,000) will be floater deposit .Purchaser will be allowed to lift the material of this value. Rest amount will be adjustable during final delivery.

H1 shall be allowed to clear the lot awarded to him from the site within a period of 20-25 working days from the date of receipt of delivery order by him, failing of which he will have to pay ground rent @ Rs. 1000/-MT for space occupied by salvage material.

The Auctioneer reserves the right to reject any bid without assigning any reason to the bidder

The earnest money deposit will not attract any interest & dealt with as per the Procedure mentioned below:-

a)    .  In case of unsuccessful bidders, (H3 & Lower) EMD is refunded immediately after adjusting facilitation fee of Rs. 1000+GST but not later than 7-10 working days from the completion of eAuction process subject to the terms and conditions mentioned herein and at the website.

b)    EMD of the H2 bidder shall be retained for 10 days from the date of approval of eAuction. If the H1 bidder failed to deposit Initial Deposit within 3 days his EMD will be forfeited and H2 bidder has to honor the deal at the H2 bid value within the aforesaid period of 3 days. Failing to which his EMD too will be forfeited.

c)    The EMD of H1 will be adjusted once the complete payment is received by insured/seller and also complete material is lifted by H1 bidder. Also adjustment will be done for fee and expenses.


The material shall be sold on “AS IS WHERE IS’ and "AS IS WHAT IS" 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.

The Salvage Managers or the associated Loss Adjusters or Underwriters, being only the facilitators for disposal of salvage, have no knowledge about the specific trade requirements and shall bear no responsibility of any kind, in this regard of whatsoever nature.

The website 
www.salvagemanagers.com is maintained by external agency at external servers. Any problem while bidding or technological glitches/problems may occur accidentally and such problems will be dealt in order to complete the entire process smoothly. The surveyor’s decision in this regard will be final as they have appointed us to bring transparency in the system by e-Auctioning.


Yash Fans: Lot - 4 Building Structure & MS Rack- 300 MT Yash Fans: Lot - 4 Building Structure & MS Rack- 300 MT Yash Fans: Lot - 4 Building Structure & MS Rack- 300 MT Yash Fans: Lot - 4 Building Structure & MS Rack- 300 MT
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta -9625137014
Email :meenakshi@salvagemanagers.com

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