MS Building Structure- Approx.10 MT at panipat


Item Id 767
Category MS Building Structure- Approx.10 MT at panipat
Manufacture name M/s Akash Spinning Mills,
Model number 2021
Production date 20-Sep-2021
Location Samalkha, Samalkha, Haryana
Market Maker
Sound Invoice Value Rs. 45,000.00 / MT
Quantity 10 MT
Sound Invoice Lot Value Rs. 4,50,000.00
Reserve Price Rs. 20,000.00 / MT
Reserve Price Lot Value Rs. 2,00,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / MT
Incremental Bid / MT
Next Minimum Bid / MT


MS Structure -10 ton

Disposal of the above material is being “As is
Where is”, “Whatever there is” and “No complaint” basis, held on following
special conditions specific to this E-Auction

1.     Basis of sale: The
sale of offered goods is 
Per MT basis exclusive of applicable GST/ taxes

3.     Deposits and
Lifting: After depositing 
100% advance
payment (apart from 10% EMD
) of the final bid value, H1 shall be allowed to
start lifting the lot awarded to them. The seller has indicated that the site
can be cleared within a period of 15 to 20 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 un-lifted and yet remaining
at site. The rates charged would be Rs. 1000 per MT per day.

3.    Incidental charges: All charges incidental to
loading, cutting and lifting of material will be borne by the H1 / Buyer. 

4.    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.

5.    Participation / Facilitation Fee = Rs. 200/- +
18% GST

6.    The materials offered are damaged goods under
insurance claim hence being offered for sale on “As is Where is”, “Whatever
there is” 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

7.    Interested buyers must pre-qualify themselves
for participation in the above auction, by paying a pre-bid amount / EMD
Rs. 1,00,000/-(One Lakh Only) by mode of
RTGS to the following account along with this E-Auction form duly filled &

Adwiti Technocrats Pvt. Ltd

Account no. 916020025588082,

IFSC Code: UTIB0004770

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

8.    The pre-bid / EMD
and eAuction form to be deposited in physical form or electronic form (NEFT +
scanned form of EMD) 
to the 8 business Hours in advance
prior to e-Auction.

9.    Earnest Money Deposit (EMD) Information:

      i.        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.

 ii.        The EMD will not
attract any interest & will be dealt with as per the procedure mentioned

    iii.        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.

   iv.        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.

    v.        EMD
of the H2 bidder shall be retained for 10 days from the date of approval of

   vi.        If
the H1 bidder fails to deposit minimum 50% payment (apart from 10% EMD) of the
final bid value, 
within 3 days 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.

 Wherever EMD held by E-Auctioneer, the EMD
of H1 and H2 may be refunded by E-Auctioneer upon instructions of seller and

All charges incidental to loading and lifting of
material will be borne by the Purchaser. It is assumed that prospective bidders
have inspected the above salvage and acquainted themselves about the offered
goods available for purchase, whether they have actually inspected the same or
not. However, it is expected that the prospective bidders will inspect the
salvage at site, before participating in eAuction. Any failure in doing
inspection is not a liability of eAuction agency.

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 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.








MS Building Structure- Approx.10 MT at panipat MS Building Structure- Approx.10 MT at panipat MS Building Structure- Approx.10 MT at panipat MS Building Structure- Approx.10 MT at panipat
Contact Salvage Manager about this items/lot.
Phone :9625137014

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