Yash Fans : Lot 1-Miscellaneous Scrap (Electrical)
|Category||Yash Fans : Lot 1-Miscellaneous Scrap (Electrical)|
|Manufacture name||M /S Yash Fans & Appliances|
|Model name||Miscellaneous Scrap (Electrical)|
|Location||Garkhal, Solan, Himachal Pradesh|
|Sound Invoice Value||Rs. 35,50,000.00 / LOT|
|Sound Invoice Lot Value||Rs. 35,50,000.00|
|Reserve Price||Rs. 5,00,000.00 / LOT|
|Reserve Price Lot Value||Rs. 5,00,000.00|
|Ongoing Lot Bid||Rs. 0.00|
|Current Bid||Rs. 0.00 / LOT|
|Incremental Bid||/ LOT|
|Next Minimum Bid||/ LOT|
|Miscellaneous Scrap (Electrical) - As per List|
& 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
The sale of offered goods is Per Lot basis for Lot
1 Inclusive of applicable taxes (GST@18%), Tcs
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
In Lot 1 (Electrical) Quantity may vary +10% or -10% as actual.
Buyers or sellers will not be liable for any refund or extra amount for the
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
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.
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.
|Contact Salvage Manager about this items/lot.|
|Phone :||Meenakshi Gupta - 9625137014|