Rakesh Textile Lot -2 - Fabric Stock
|Category||Rakesh Textile Lot -2 - Fabric Stock|
|Manufacture name||Rakesh Textiles|
|Model name||Rakesh Textile Lot -2 - Fabric Stock|
|Location||Panipat, Panipat, Haryana|
|Sound Invoice Value||Rs. 35,00,000.00 / LOT|
|Sound Invoice Lot Value||Rs. 35,00,000.00|
|Reserve Price||Rs. 15,000.00 / LOT|
|Reserve Price Lot Value||Rs. 15,000.00|
|Ongoing Lot Bid||Rs. 0.00|
|Current Bid||Rs. 0.00 / LOT|
|Incremental Bid||/ LOT|
|Next Minimum Bid||/ LOT|
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 RATE FOR PURCHASE OF OFFERED GOODS IS TO BE SUBMITTED ON BASIC AMOUNT ONLY” BASIS. @ 5% on Lot 2 will be charged extra.
The sale of offered goods is Per Lot Basis for Lot 2 .
DYNAMIC TIME: The e-Auction 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 will be placed by 50% of incremental bid value.
The Auctioneer reserves the right to reject any bid without assigning any reason to the bidder. Auctioneer’s reserves the right to restart the e-Auction at any stage.
The Purchaser (H1/H2) should remit 50% advance payment within 3 working days of receipt of bank details/allotment order, from the insured/seller/auctioneer, failing which their EMD will be forfeited.
After depositing 50% payment, the Purchaser shall start lifting and Post to 100% payment he shall be allowed to clear the lot awarded to him from the site within a period of 15 working days from the date of receipt of delivery order by him, failing which he have to pay ground rent for the salvageable quantity a per sellers T&C or minimum of Rs. 2,000/-day or Rs 1000/-MT for space occupied by salvage material quantity.
In case of unsuccessful bidders, (H2,H3 & Lower) EMD is refunded immediately after adjusting facilitation fee of Rs. 100+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.
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 payment within 3-5 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.
The EMD of H1 will be adjusted once the complete payment is received by the insured/seller and also complete material is lifted by the H1 bidder. Also adjustment will be done for fee and expenses.
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.
|Contact Salvage Manager about this items/lot.|
|Phone :||Meenakshi Gupta -9625137014|