Terms specific to the Auction being conducted on behalf of Tata

ONLINE FORWARD AUCTION VEHICLE SALE OF IL&FS TRANSPORTATION NETWORK LTD (ITNL)

Mandate No. VJ20221394

Auction Date & Time 18 February 2021 at 3.00 PM

Inspection Date 02.02.2021 to 17.02.2021

Earnest Money Deposit (EMD ) Submission Date By 17.02.2021 (recommended)

EMD Amount Lot wise EMD as mentioned in Vehicle list

Submission of EMD in favour of “mjunction services Ltd.” payable at Kolkata for NEFT

Beneficiary Name: MJUNCTION SERVICES LIMITED Bank Name: HDFC BANK LTD Branch Name: Sandoz Branch, Mumbai Account No: Explained below * IFSC Code: HDFC0000240

Auction Engine www.metaljunction.com

Bid Basis Bid has to be placed as per the UOM as mentioned in Vehicle list

Auction Logic Online Forward Auction- English No-Ties

Contact Information for mjunction

SL FSD Base

location Indicative Territory Contact

Details Email ID

1 Vinod Yadav Mumbai Maharashtra, Goa 9920516150 [email protected]

2 Manjinder Singh Mandi

Govindgarh

Punjab, Haryana,

Himachal Pradesh,

Jammu & Kashmir

7605090375 [email protected]

3 Mitesh Giradakar Bhilai Chhattisgarh, Madhya Pradesh 7596040406 [email protected]

4 Indranil Dutta Rourkela Orissa, Jharkhand 7596058556 [email protected]

5 Prabhat Singh Delhi Delhi, Uttar Pradesh, Uttarkhand 7596059533 [email protected]

6 Soumen Chakraborty Kolkata West Bengal, Bihar, North-east states

7605090372 chakraborty.soumen@mjunction.

i n

7 Anup Gunashekar Bangalore Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana 7605080992

[email protected]

8 Anirban Sukul Kolkata Coordinator 7596058565 [email protected]

Jyoti Sankar Nayak :- 08336939633 ; Email ID : [email protected]

Santosh Merugu :- 09004846629 ; Email ID : [email protected]

http://www.metaljunction.com/

mailto:[email protected]











Valuejunction a business unit of mjunction services limited is pleased to be selected by ITNL for

conduct of online auctions for disposal of their Items as per ANNEXURE 1. All these material /

Vehicles given below will be sold on “As is where is basis” and on “No Complaint basis”. All our

valued customers are requested to peruse the participation terms, payment terms , lifting terms and

other terms and conditions given below before participating. It is assumed that all our bidders are

aware about the terms and conditions as set out in these presents before placing a bid in the auction.

We thank you in advance for your kind cooperation and participation.

REGISTRATION AND EMD DETAILS:

Registration: All our new bidders are requested to register themselves in the website www.valuejunction.in or www.metaljunction.com or get in touch with Mr. Anirban Sukul: Mobile: 7596058565.

EMD Deposit Details are as mentioned below:

Submission of EMD in favour of “mjunction services Ltd.” Payable at Kolkata for NEFT. Bidders must always deposit the EMD in their unique Virtual Account only. Unique Virtual Account is available in your “Profile”.

Beneficiary Name MJUNCTION SERVICES

LIMITED

Bank Name HDFC BANK LTD

Branch Name Sandoz Branch, Mumbai

Account No Explained below *

IFSC Code HDFC0000240

*All the customers will have a unique account number. The unique account number is an alpha numeric code consisting of 13 characters. The Customer’s unique “account number” is a combination of the MJ’ SAP code along with the 7 digit bidder SAP ID and can be used as reference for all subsequent transactions. The Customer’s Account Number detail is available in “Profile” after the customer logs into our website using the user id and password.

You may also refer to the Online EMD Management Bidder Manual (audio/visual) available in www.metaljunction.com> Click on Login>Auction Login>Required Auction Training> Click Here>Online EMD

For any assistance please contact our toll free no: Toll Free No: 180041920001 or write to [email protected]

http://www.valuejunction.in/




Important: Bidder should send the details of the payment done to mjunction services limited - Kolkata stating the UTR Number, Bank and Branch name, Date, Amount, the payment made for and the lot details want to participate in his company letter head duly signed and stamped to email id: [email protected] (Jyoti Sankar Nayak :- 08336939633)

It is the responsibility of the bidder to submit the EARNEST MONEY DEPOSIT (EMD) on time and correctly. If any payment receipt is delayed to MJ account, it is understood that MJ would not allow the bidder to participate in the e- auction.

EMD will be refunded to the unsuccessful bidder on the basis of online requests from the bidder. Bidders are expected to attach themselves for the auction via the Online EMD Management Module.

EMD of H1 Customer shall remain with MJunction till the successful completion of the lifting & post getting lifting confirmation from ITNL EMD will be released by MJunction to the H1 Bidder.

PLEASE NOTE THE FOLLOWING POINTS BEFORE SELF ATTACHING WITH AUCTION

Vehicles are present at ITNL Site Locations

Customers are advised to inspect the vehicle and satisfy themselves. Vehicle is being sold on As-is- where-is & No complaint basis.

All customers are requested to carry this vehicle list during inspection and physically

verify the vehicle.

Please find Vehicle / Material Details

Lot Details: As mentioned below with complete Asset information

UOM : Rs./Lot

Auction Strategy English No- Ties


Lot EMD Asset No

Location Asset description

Registration No

Date of Purchase

Current Km

Insurance valid till

Idle time period

1 18000

NA Belgaum Kinectic Honda

KA22S2905 8-May-02 74980 Not Available

Frompast10Years

NA Belgaum TVS Scooty

KA22EF1497 7-Dec-10 9541 6/5/2021 Running Condition

2 20000 13000173 Chenani,Udhampur,J&K

Buggy, 6seater NA 1-Jul-18

Odometer not working

Not Available

From last 1 year

3 50000

13000048 Chenani,Udhampur,J&K

Mahindra Scorpio VLX2WD

JK-14-B-8154 27-May-11 279896 30-Apr-21 From last 2years


Mahindra Scorpio VLX4WD

JK14B8360 26-May-11 227935 30.04.2021 LAST 1 YEAR

4 40000


Tata Sumo SE4X4Car-2

JK-14-C-5269 17-Dec-12 NA

30-Apr-21 From last 2years


Tata Sumo SE4X4Car-1

JK14C-5254 17-Dec-12 NA

30-Apr-21 From last 2 years


Tata Indica Vista Q-JetAura

JK-14-B-6390 21-Sep-10 NA

30-Apr-21 From last 2 year


Tata Safari VX4X47Seater

JK14C0590 30-Nov-11 318160 30.04.2021 LAST 4 MONTHS

5 3000 13000073 Chenani,Udhampur,J&K

Bajaj Discover Bike-150ES

JK-14-B-6370 28-Oct-10 NA

30-Apr-21 From last 2 year

6 15000 NA

Chenani,Udhampur,J&K

Tata Winger Ambulance

JK-14C-1974 26-Mar-12 NA

Under renewal process

From last 1 year

7 10000

13000127 Durgapur

Honda Activa Dlx-Grey-JF50E80 683062

WB40Z5329 21-Jan-14 53979 30.04.2021 1month

8 20000 13000071 Guwahati Toyota Innova 2.5VX8S

AS-01-AR-2109

12-Nov-10 251181 30-Apr-21 1week

9 20000 13000052 Hyderabad Mahindra Scorpio SLXT2

AP11AD1699 6-Jun-11 248005 30-Apr-21 6Yearsand 6months

10 10000

NA Hyderabad Hero Splendor Plus

AP-29-BN-2117

1-Aug-14 37730 02.11.2020 0(Running condition)

NA Hyderabad Honda Two Wheeler

AP11AD3796 14-Apr-08 69956 30-Apr-21 7Years

11 20000 NA Hyderabad Toyota Innova-V AP11AG0556 27-May-08 278072 30-Apr-21

7 Years

12 50000 NA Ranchi Tata Winger GJ23V3119 14-Aug-08 Vehicle not starting

Not Available

2017 to till now

13 50000

NA Ranchi Tata Winger GJ-23-3118 14-Aug-08 Vehicle not starting

Not Available

2018 to till now

NA Ranchi

TATAL P912CHASSIS (Parivartan Computer Bus)

JH01BA9440 22-Oct-13 Vehicle not starting

Not Available

December2018 toTillnow

NA Ranchi Tata Winger JH01AS3003 27-Mar-12 Vehicle not starting

Not Available

October28,2018 to Till now

14 50000 13000163 Trivandrum Car Creta P1.6Sx Dual tone

KL01CF5700 2/22/2018 35613 30-Apr-21 Working

15 30000

NA Trivandrum Tata ACE Kl-01-AX7052 11-Mar-10 289740 30-Apr-21 One year

NA Trivandrum Honda Activa KL01BC9894 20-Sep-11

71000KM (Speed ometer not working)

30-Apr-21 NA

You can self-attach yourself to auction only when your EMD money is credited to your unique Virtual account. So it is suggested to always deposit your EMD money well in advance to avoid unanticipated problems beyond control.

Be careful to select the correct Catalogue/Lot/Group during self-attachment.

You cannot detach yourself once you have attached yourself to a particular auction until that auction is over.

ITNL– Contact person & Location of Vehicles for Inspection

SL Location Address Contact Person Contact details Email ID

1 Belgaum

PlotNo-798,SectorNo–V, Shree Nagar, Belagavi, Karnataka–590016 Manjunath Pujari 9964375115

[email protected]


Chenani NashriTunnel Project, LowerMada, VillageGujard, Tehsil Chenani DistrictUdhampur, J&K- 182141

Pradeep Sharma / Pradip Tripathy

9858701253 / 9797534999

[email protected]


CNTL SOUTH PORTAL CHENANI DISTT. UDHAMPUR J&K

Pradeep Sharma / Pradip Tripathy

9858701253 / 9797534999

[email protected]

4 Durgapur

RA-14, Collins Path, Sector-2B, Bidhannagar, Durgapur- 12,W.B.

Saroj Shaw / Malay Datta

8170022007 / 8170022010

[email protected]

5 Guwahati

House No.14-A, 1stBylane, AjantaPath, Beltola, Guwahati- 781028,

Nilanjan Chakraborty

9365572989 / 8730004611

[email protected]

6 Hyderabad

Pedda Amberpet toll plaza open area, Pedda, Amberpet, Hayathnagarmandal, Rangareddydistrict , Hyderabad-501505. Telangana

Anil peechara / Shaik Masthan

8886188830 / 8179595296

[email protected]

7 Ranchi

Ranchi Ring Road (Section-V), Near R.P Dhaba, Gram-Tundul, Thana-Nagari, Distt-Ranchi (Jharkhand) Santosh Jaiswal 9934300942

[email protected]

8 Trivandrum TRDCL, Uthradom, Panavila, Trivandrum-695001

Muraleedharan Nair 9447777015

[email protected]

Special Note:-

1. Responsibility of ensuring smooth handover of the vehicles to MJunction for auction from all site location will be of ITNL. In case Vehicle (Allocated Lot) is not delivered to the customer within 15 working days from the date of issue of delivery order (D.O ) to the customer by ITNL than 100% amount will be refunded to the customer within next 10 working days by ITNL.

2. ITNL to coordinate & assist the customers for Inspection as per the

inspection date mentioned in the catalogue.

Note : 1. Vehicle Registration papers transfer would be in H1 Customers scope 2. GST & TCS will be applicable in invoices raised. 3. Between 9 AM to 6 PM lifting 4. Shared Vehicle Kms. may vary and it is highly recommended to have inspection of vehicle before bid

Payment & Lifting Schedule:

Payment Lifting Terms

100% Payment Within 7 days from the date of approval

No lifting to be allowed till full payment received. Entire lifting has

to be completed within 15 working days from the date of approval

The cost of material / Vehicle along with all applicable taxes and duties shall be paid by the buyer by any nationalized/ scheduled bank drawn in favour of ITNL through NEFT/ RTGS/ CBS as per the details provided by the client:

A. TERMS & CONDITIONS:

1. In case H1 bidder fails to deposit the payment as per the schedule above then the EMD & entire amount with ITNL will be forfeited.

2. The entire vehicle is to be lifted within 15 working days from date of approval, incase buyer fails to lift the Vehicle then the entire amount deposited with ITNL along with EMD deposited with the Mjunction will be forfeited and buyer will not be allowed to lift any material / Vehicle after the given time.

3. Vehicles are being offered on “as is where is” basis. Bidders are advised to inspect the Vehicles and satisfy themselves before bidding. No complaints will be entertained after auction.

4. Prices quoted is valid for this sale event only. 5. All payments are to be made in form of RTGS. The RTGS details of the MJunction will be shared

with the winning customer(s). 6. Price to be quoted ex- location, exclusive of duties and taxes. Any other taxes/ levies as applicable

shall be in addition to the price quoted. 7. Material / Vehicle will be lifted by the purchaser as per attached terms & Conditions 8. Bid Validity is 30 Working Days and the approval has to be provided within this 30 working days

post which It will be at the discretion of the H1 Buyer to take the Vehicle or not.

B. Bidding modalities:

2.1 Price Bid Basis for auction: In Indian Rs/LOT. Price to be quoted is basic, ex- location exclusive of taxes & duties as may be levied during time of dispatch

2.2 The Price offered should take care of the following:

(a) The general conditions of all the material / Vehicles are ‘Old and Used” and to be accepted on “No complaint basis” and as per terms & conditions of the Online Forward Auction.

(b) It should take care of other points as specified in the FORWARD AUCTION document with all Annexure, Appendixes, Corrigendum & addendum etc.

NOTE: It is the responsibility of the bidding parties who have submitted documents expressing interest to participate in the particular Online Auction, to go through the requirements and submit all documents as per conditions mentioned in this auction document. Hence the parties are advised to carefully go through the requirements of this auction document and submit all relevant information. Any deviation to the requirements of this auction document (lack of information etc) will be construed as conditional and measures as decided by ITNL will be applicable. The decision of ITNL in this regard will be final & binding on the bidder.

2.3 The price bid(s) is exclusive of taxes, duties & levies etc. payable extra at the time of delivery. The Bidders should submit their offer after getting themselves thoroughly satisfied about the availability of the Vehicles as per FORWARD AUCTION Document/ BID DOCUMENT and it will

be assumed that the Bid(s) have been submitted by the bidder after thorough inspection and getting themselves fully acquainted and satisfied with the scope of the work and other related aspects of the work. Once the Vehicles are sold, no complaint of any kind will be entertained in this regard by ITNL. The price/ Rates once accepted shall remain firm till completion of lifting by the Successful Bidder.

2.4 For the Online Forward Auction, the bidders shall have to go through the on-line auction sale on the Mjunction website (“https://auction.metaljunction.com/”) They will have to bid prices (excluding taxes, duties, other levies etc), for the lot/lots(as the case may be) comprising of all the items as per FORWARD AUCTION Document. The Company reserves the rights and discretion to withdraw any lot or lots at any time / Re launch the lot even after lot closure, during/after the period of auction without assigning any reason thereof.

2.5 The bidders will sign each and every page of the Forward Auction document (General Terms and Conditions of sale, Special conditions, List of material / Vehicles etc.). The signature on the Forward Auction Document (Letter of Interest & Annexure I, II & III) shall be deemed to be acceptance of all terms and conditions of sale and annexure and other documents forming part of the sale.

2.6 If there is any corrigendum / information to the Tender document regarding description, Quantity, Specification, location or any other detail of the lots, the same shall be hosted on “https://auction.metaljunction.com/ ” and it is the duty of the bidder / any interested party to update themselves regarding the same. The corrigendum will be binding on the bidder.

2.7 Bidders should satisfy themselves in all respects before the bid for the Vehicles. Offer should quote rate/prices, which should exclude sales tax, excise duty and any other Govt. levies which shall be borne by them extra as applicable.

C. Dispatches/Delivery:

It will be the responsibility of the successful bidder to ensure the material / Vehicles purchased in the online sale event are actually lifted within time period as mentioned in the Lifting schedule of this document from the date of issue of Delivery Order, but after the full and final payment towards the outstanding amount. No material / Vehicle will be allowed to lift on Sunday.

In case of any dispute regarding the scope of offer (even after issue of Sale Order), the decision of ITNL will be final and binding on the successful bidder.

The successful bidder is however allowed to bring their own labor and all equipment (As per company rules) / contract labor from Agencies with prior authorization by the Company, for any processing work before delivery, after permission from the authorized person of the Company. The successful bidder has to arrange his own manpower for lifting of material / Vehicle. All the cost with regard to the above will be borne by the successful bidders. Cutting at site is not allow.

Once the sale is declared null and void, all payments made by the successful bidder, in connection there- with, will be liable to forfeiture, by the Company, without any reference or notice to the successful bidder.

The bid/bids so registered shall be binding on the bidder for 30 days excluding the date of auction during which period the decision of the Company will be communicated to the Successful bidder.

On receipt of clear dispatching instruction from the company, the Successful bidder(s) will arrange to dispatch the material / Vehicles entirely at its discretion at the successful bidder’s risk. The freight including surcharges if any at the actual or any other incidental expenses in addition to the cost of handling or loading etc. and other items in the scope of the tender document, will be to the

successful bidder’s account and will be payable by the successful bidder.

The risk in transit from Loading Point to the destination is to be borne by the Successful bidder(s). The Company will not be liable for any loss or damage in transit. The Company’s responsibility or liability shall cease immediately after the material / Vehicle is lifted from ITNL site . The successful bidder will be provided with the relevant Company’s Gate Pass.

All demurrage charges and other expenses incurred by reasons of non-clearance of the material / Vehicle in time after their arrival at the destination or for any other reason shall be borne by the successful bidder. The company will not be liable for any demurrage which may be incurred on any consignments due to late receipt of document or any other reason, or as a result to postal delay or any cause/s whatsoever.

The Company’s decision shall be final in respect of weight, quantity, nature, condition assortment composition or quality of the material / Vehicles and transport/freight handling and any other incidental charges and no claim whatsoever will be entertained on any account once the material / Vehicles are sold.

The Company shall not be liable for non-performance of the contract either wholly or in part, nor for any delay in the performance of the contract resulting from or due to any causes beyond the Company’s control. The Company’s decision in this regard shall be final, should the Company so determine it shall be entitled at any time on notice to the successful bidder to cancel any contract (either wholly or in part) and in such case successful bidder / Bidder(s) shall have no claim upon the Company of any kind.

Any unavoidable delay in the matter of execution of delivery orders for reasons beyond the control of the Company shall not give rise to any claim whatsoever for refusal to take delivery of the material / Vehicles by the successful bidder over the extended period.

All the job should be carried out as per ITNL safety standard & under supervision & instruction of ITNL. All the necessary safety arrangement to be provided by purchaser. Any violation on the above ITNL representative have the authority to stop the job until fulfillment of requirement

D. Penalty:

1. If the successful bidder/purchaser who is awarded contract fails to make the full payment or fails to lift the complete material / Vehicles within the stipulated period, then ITNL / mjunction services limited reserves the right to foreclose/cancel the contract, and in such an event, EMD deposit for the not lifted quantity will be levied as penalty and equivalent amount available with mjunction services limited/ ITNL, under any account head, shall be forfeited & the bidder will be liable to be debarred from the participation in all ITNL auctions for a period of 1 (One) months. However after one month, It will be at the sole discretion of ITNL to allow the bidder in their auctions without assigning any reason."

2. Lifting Period :- 15 working days from date of Approval

3. Visit Confirmation: Customer need to provide their details & date of Visit for Inspection of available material / Vehicle at site before participation in forward e-auction.

4. Payment Terms: 100% payment along with applicable Taxes and Duties shall be paid by Purchase in advance within 07 days from the date of release of Sale order All taxes & duties like custom duties,

clearance, IGST are in Purchaser’s account. Tax collection at source (TCS) shall be collected extra as per applicable law.

IMPORTANT NOTE:-

1. PLEASE NOTE THAT THE SCOPE OF OFFER IS STRICTLY RESTRICTED TO THE LIST OF MATERIAL / VEHICLES, AS MENTIONED IN THIS CATALOGUE ONLY.

2. ALL PARTIES ARE REQUESTED TO THOROUGHLY INSPECT THE MATERIAL / VEHICLE AND OFFER THEIR BIDS. ITNL /SERVICE PROVIDER WILL NOT BE RESPONSIBLE FOR ANY LACK OF UNDERSTANDING REGARDING THE SCOPE OF OFFER AS ALSO REGARDS THE OFFER ITSELF.

3. IT WILL BE THE RESPONSIBILITY OF THE ALL THE WILLING PARTIES TO KEEP THEMSELVES ABREAST OF ANY NOTIFICATION/INFORMATION/ AMENDMENT/CORRIGENDUM ETC WITH RESPECT TO THIS ONLINE AUCTION, WHICH WILL BE HOSTED ON “https://auction.metaljunction.com/”.

4. THE LOT PUT UP FOR ONLINE AUCTION MAY BE RELAUNCHED AT ANY RATE SO DESIRED BY THE CLIENT / SERVICE PROVIDER AFTER CLOSURE OF THE SAME AND NO REASON WHATSOEVER SHALL BE GIVEN FOR THE SAME.

5. NO CORRESPONDANCE WITH REGARD TO QUOTING A HIGHER RATE THAN THAT AT WHICH THE AUCTION HAS CLOSED, FOR ANY REASON WHATSOEVER WILL BE ENTERTAINED. ALL ARE ADVICED TO BID THEIR BEST RATES DURING THE COURSE OF THE AUCTION.

6. ITNL RESERVES THE RIGHT TO CANCEL OR REJECT ANY OR ALL BIDS WITHOUT ASSIGNING ANY REASON WHATSOEVER AND THE DECISION OF ITNL IN THIS REGARD SHALL BE FINAL AND BINDING AND NOT LIABLE TO BE QUESTIONED BEFORE ANY AUTHORITY.

7. THE SUCCESSFUL BIDDER/ BIDDERS SHALL BE DEEMED TO HAVE NOTICED ALL DEFECTS AND FAULTS AND ANY ERROR AND MIS-STATEMENT OR MIS-DESCRIPTION AS AFORESAID WHICH HE MIGHT HAVE DISCOVERED ON INSPECTION SHALL NOT ENTITLE HIM TO ANY COMPENSATION ON ACCOUNTTHEREOF.

8. ALL INTERESTED PARTIES ARE REQUESTED TO INSPECT THE ITEMS BEFORE AUCTION. ITNL / SERVICE PROVIDER WILL NOT BE RESPONSIBLE FOR ANY MISUNDERSTANDING REGARDING THE SCOPE OF OFFER, NOT WITHSTANDING ANYTHING GIVEN IN THE DESCRIPTION.

ITNL /mjunction shall not be liable for non-performance of any contract either wholly or in part nor for

any delay in performance resulting from or due to any cause beyond the control of Client’ or mjunction

including fires, strikes, go- slow, lockout, closure, dispute with workmen, uncertain and unstable labour

situation, power shortage, war, riots, civil commotion, pestilence, epidemics, floods, accidents,

damages or accidents to machinery, shortage of wagons, shortage of fuel, shortage of any raw material

/ Vehicles, shortage of labour, governments or railway restrictions, acts, demands or requirements of

government, force majeure or any circumstances beyond the control of Client/ mjunction whether

directly due to or in consequence of the aforesaid causes or not and the existence of such causes of

consequences shall operate to extend the time of the performance on the part of Client/mjunction by

such period as may be necessary to enable Client, shall have no claim upon Client/mjunction of any

kind. The provision of this paragraph shall not be limited or abrogated by any other terms of the contract

whether printed or written nor will the provisions of this clause abrogate or limit the effect of any other

clause mentioned in this catalogue.

GENERAL RULES AND REGULATION GOVERNING CONDUCT OF ONLINE AUCTIONS ON THE “SERVICE PROVIDER” PLATFORM

INTRODUCTION:

This Online Forward Auction is being conducted for ITNL existing within the meaning of Companies Act, 1956 (Hereinafter referred to as the “Client’’) on the Auction Platform of MJUNCTION

SERVICES LTD, a company incorporated and registered in India and having its registered office at TATA CENTRE 1ST FLOOR, 43 J L Nehru Road, Kolkata 700 071 India (hereinafter referred as “Service Provider”).

The General Rules and Regulations provided herein govern the conduct of on line forward Auctions arranged by “Service Provider” on its Auction Platform. These rules cover the roles and responsibilities of the Parties in the online Forward Auctions on the Auction Platform. The acceptance, in-toto, to these General Rules and Regulations governing conduct of Online Auctions, and Terms and Conditions for sale of Material / Vehicles belonging to ITNL by Online Auction is a pre–requisite for securing participation of each Customer in the Online Auctions.

The key terms pertaining to the online Forward Auctions are provided in the “Annexure-D”. Prospective customers are advised to read through the same.

ROLE OF “SERVICE- PROVIDER”:

1. “Service Provider’ is the agency (operator) primarily providing the service of the Forward auction to the “Client”.

2. Finalization of the auction items in consultation with the Client.

3. Defining of bidding rules, terms and conditions for each auction in consultation with the client.

4. Enhancing customer awareness of and comfort with the auction mechanism and bidding rules.

5. Input of the Auction items and defining the bidding rule in the auction engine.

6. Enlarging the customer base by introducing new customers.

7. Collection of Earnest Money Deposit (EMD), Letter of Interest etc. from the willing customers

8. Providing access to the approved customers to participate in the Auction.

9. Summarizing the Auction proceedings and communicate the outcome to the Client.

The responsibility of fulfillment of the contract rests between the customers and the client and the responsibility of the “Service Provider” shall be restricted to the extent of the Services provided by them.

ROLE OF CUSTOMER / BUYER:

The role of the Customer is outlined below:

The Customer would participate in the auction with the aim of bidding to secure the auctioned item in the Online Auction.

The Customer would be provided access to the Online Auction through a “User ID” protected by a “Password”. The Customer needs to ensure that the “User ID” and “Password” is not revealed to unauthorized persons. Customers are also requested to change the Password allocated to them by the “Service Provider” to keep their confidentiality. However it would be Customer’s sole responsibility to ensure the security and privacy of the same and he/they would not hold the “Client” / “Service Provider” responsible in any manner whatsoever for any misuse of thec user IDs and/or Password. The access to the auction mechanism shall be provided to all the approved Customers subsequent to obtaining their written consent to the General Rules & Regulations and the Letter of Interest. The payment of Pre Bid Deposit as decided by the Service Provider before the start of the Online Auction will be one of the necessary conditions for participating in the auction.

Customers hereby confirm that they shall commit to lift the item (being bid for) at the price entered by them in the auction engine AND at the terms and conditions specified herein by the Client. All prices entered shall be legally binding on the Customers. Customers are strongly advised to exercise due diligence while placing bids. Failure to honour the bids placed during online bidding shall render the Customers liable for penal action as deemed fit by “Client” / “Service Provider”.

In the event of winning an allotment in the auction mechanism, the Customer shall commit to fulfill outlined obligations under the contract between Winning Customer and Client.

The Customers shall bid on the terms and place their bid in the auction engine in the manner specified herein. The Customers shall not stipulate any conditions on their own unless the terms herein expressly permit such conditions being stipulated by the Customer. Bids entered with conditions attached shall be considered Conditional bids & “Service Provider” retains the right of rejecting these bids even without intimating the Client.

BIDDING RULES:

The Bidding Rules refer to the information and terms defined specifically for a particular auction. The purpose of the Bidding rules is to provide approved customers with the information and terms specific to the auction in which they are bidding. This would include:

Definition of the unit bidding.

Start Time and duration of the auction.

Any extension of the duration of the auction in the event of bids being received towards

the end of the pre- specified duration.

Start Bid Price.

Specified Unit for Bidding.

Price Increments and any reduction in the price increment in the auction in the event of inactivity.

Other attributes (informational/non-negotiable in nature).

While it shall be the endeavor of “Service Provider” to specify these rules at the earliest for each Online Auction.

The “Service Provider” only in the case of unforeseen contingency beyond its control shall retain the right to

delay the announcement of these biddings rules or modify rules specified earlier at the time of the online bidding

in prior written consent of the Client. These details would be available to the customers on the Auction Engine

at the time of bidding.

The participation in the auction process presumes complete awareness and understanding of the bidding rules.

CONDUCT OF THE AUCTION:

Only those Customers who have been approved by the “Client” and handed over stamped and manually signed “General Rules and Regulations governing conduct of Online Auction along with Letter of Interest, required EMD amount and other necessary documents to the “Service Provider” prior to the start of Online Auction will be given “Login ID” and “PASSWORD” to enable them view and participate in Online Auction. “Client” will have the sole discretion to approve the Customers who have submitted bids and no requests will be entertained in this regard by Service Provider from the Customers.

The Online Auction shall be conducted on pre-specified date. The Key Terms pertaining to the conduct of Online Auction such as “START TIME”, “DURATION”, “END TIME” AND “AUTO EXTENSION FACILITY” Shall be specified separately for each Auction.

“Service Provider” retains the right to cancel or reschedule the Online Auction, with the prior written approval of the Client, on any of the following reasons:

The number of confirmed Customers is deemed insufficient to conduct the Online Auction

Some of the confirmed Customers are unable to access the module due to infrastructure problems such as sustained power failure or telecommunication breakdown.

There are no bids, which are equal to or higher than Start Bid Price.

Any other reason, which in the opinion of “Service Provider” / “Client” requires such action to be initiated.

The duration of Online Auction may also vary from the pre-specified period of time either on account of termination of the Online Auction by “Service Provider” on the advice of the Client.

OR In case of situations where it is felt that continuance of the auction proceedings is prejudicial to the smooth conduct and / or the integrity of the auction process.

OR Due to Auto Extension during the Auction, duration may increase from specified period.

In the event of any problems being faced in the smooth conduct of the Online Auction, “Service Provider” with the approval of the Competent Authority of the Client, shall have the right to undertake one or more of the following steps:

Cancellation/ premature termination of the Online Auction with/ without a subsequent rerun of the auction on a mutually decided date

Cancellation of a bid

Locking / deactivate a Customer’s account (suspension of operations in the account), etc. In case of failure of net connection, Customer will communicate his best price to the “Service Provider” and “Service Provider” will bid on behalf of the Customer with the minimum increment until the bid price reaches the best price offered by the Customer, by proxy bidding mechanism.

The best price communicated by the Customer will have to be authenticated by written confirmation or fax to the “Service Provider” and will be kept confidential between the “Service Provider” and the Customer. Customer will be bound by the price offered.

LIABILITY OF “SERVICE PROVIDER”:

“Service Provider” shall not be liable to the Client/ Customers participating in the Online Auction or any other person(s) for:

Any breach of contract between winning Customer and Client.

Any delays in initiating the online auction or postponement / cancellation of the online auction proceedings due to any problem with the hardware / software / infrastructure facilities or any other shortcomings.

While, reasonable care and diligence will be taken by “Service Provider” in discharge of its responsibilities such as design of the online bid, communication of bid details and rules, guidance to client/ customers in accessing the Auction Engine and placing bids, etc. the customers shall specifically indemnify “Service Provider” from all liabilities for any shortcomings on these aspects. It is clearly understood that these activities are undertaken by “Service Provider” to assist the Customers in participation but the ultimate responsibility on all these counts lies totally with the customers.

RIGHT OF THE CLIENT:

The Client reserves the right to partially or totally accept or reject any / all bids placed in the Online Auction without assigning any reason whatsoever. The decision of the Client would be final and binding on the Service Provider and the Customer in any such case. In case the Online Auction is cancelled by Client, then Service Provider shall undertake the re-auction at its own cost, as directed by the Client.

CONFIDENTIALITY CLAUSE:

“Service Provider” undertakes to handle any sensitive information provided by the Client or confirmed Customers for the auctions conducted with utmost trust and confidentiality.

JURISDICTION

Any disputes relating to the online auction module shall be subject to the sole jurisdiction of Court of Law having jurisdictions over the Plant from where the Material / Vehicles are being sold.

Signed in acceptance of the above terms

and conditions Name:

Si

gnature

Designation of signatory Date Place Telephone / FAX no.

DEFINITION OF KEY TERMS

Auction

Auction refers to a forum where the requirement for one/more lots of an item is stated and the participants (customers) are required to bid down the price to be selected to supply the requirement.

Online Auctions

Online auctions refer to those auctions conducted through the Internet with the customers (from one or more locations) simultaneously bidding to be selected for supplying the item/s on Auction. In other words, the venue for the auction is on an Internet website/ platform.

Services refer to the Online Auctions conducted by the Service Provider through its website as the venue for the purpose of the Online Auction and also includes the responsibilities narrated under the head “ROLE OF SERVICE PROVIDER” above.

Award at the Auction

In a single winner format, only one customer (normally the customer who quotes the highest price) is awarded all the units of the item being auctioned. The customer quoting the highest price is normally allotted the item.

Client

Client is the individual/business entity who has contracted "Service Provider" to conduct such auction. In case of auction, the purpose would be the genuine intent to sell the selected item/s (Lot) to the customers desiring to buy these items from the Client.

Customer

Customer is the individual/business entity participating in the auction, intending to buy the item(s) from the Client. To be become a Customer in the auction, a business entity has to secure client approval for participation and also provide written assent to the General Rules and Regulations.

Auction Engine

Auction Engine refers to the software that encapsulates the entire auction environment, processing logic and information flows. "Service Provider" is the sole owner of the auction engine and retains exclusive right over the utilization of the same.

Timings of the Online Bid

All the timings of the Online Bid shall be based on the time indicated by the Server hosting the Auction Engine. It shall be the endeavor of "Service Provider" to ensure that the Server Time reflects as closely as possible the Indian Standard Time (IST) i.e. GMT + 0530 hrs. However, in the event of any deviations between the Server Time and the Indian Standard Time, the functioning of the Auction Engine (Launch, operation, and closure) would be guided by the Server Time. Customers are advised to refresh both the windows of the Auction Module check the exact Server Time (displayed in both the windows).

Preview Time

Preview Time refers to the period of time that is provided prior to the commencement of bidding. This is to facilitate approved participants to view the auction details such as item specifications, bidding details and bidding rules. The purpose is also to familiarize participants with the functionality and screens of the auction mechanism. It is not mandatory for "Service Provider" to provide Preview Time.

Start Time

Start time refers to the time of commencement of the conduct of the online auction. It signals the commencement of the Price Discovery process through competitive bidding.

Duration of the Auction

It refers to the length of time the price discovery process is allowed to continue by accepting bids from competing customers. The duration of the auction would normally be for a pre-specified period. However, the bidding rules may state the conditions when the pre-specified duration may be curtailed/extended. The conditions include: Curtailment of auction duration in the event of no bids for a specified period of time (Inactivity Time) Automatic extension in the event of bids being entered towards the end of the scheduled duration to facilitate the other customers to view and react to the bid.

Auto Extension of the Auction Timings

In the event of bids in the last few minutes of the scheduled bid time, the Bid Timings are automatically extended for a specified period from each such bid. Such Auto Extension shall continue until no bids are placed for the specified period (Engine remains inactive for the specified period). The Inactivity Time for Auto Extension purpose is normally X minutes. "Service Provider" however retains the right to change the same. The Inactivity Time applicable for the particular Online Bid shall be visible to the customers under the Bidding Rules module on the engine.

End of the Auction

End of the Auction refers to the termination of the auction proceedings signaling an end to the price discovery process.

Auction Report

"Service Provider" would provide an Auction Report to the Client containing a summary of the auction proceedings and outcome. The Auction Report would constitute the official communication from "Service Provider" to the client about the outcome of the Auction.

Important Notes:-

1. Lifting of the above material / Vehicle will be on ‘As Is Where Is’, ‘Whatever There Is’ and ‘No Complaint’ basis. All charges incidental to loading and lifting of material / Vehicle such as cutting (if required), loading, lifting, transportation etc. will be borne by the buyer. 2. You will not be allowed to pick or choose or segregate any particular item out of the lot sold by us at the time of delivery of the lot. You will be bound to clear the entire lot as directed by us on a clean sweep basis.

SPECIAL NOTE: -

1) Inspection Compulsory. It is advised that the customers inspect the material / Vehicle before participating in the auction as the material / Vehicle is auctioned on as is where is basis.

2) EMD amount will not be refunded if part quantity is lifted within the scheduled time. Full 100 % quantity

is to be lifted by the buyer then only EMD amount will be refunded.

3) All safety norms and policies to be followed by the party while lifting the material / Vehicles from our Site as per our Safety department’s instructions. All labour liability in your account as applicable as per govt. rule. All expenses in your scope.

4) All bidders are requested to kindly inspect the material / Vehicles before bidding as EMD will not be

refunded under any circumstances after scrap sale order is released to highest bidder.

5) The buyer has to arrange for all lifting equipment’s and abide all safety norms, policies of APL as per safety department guidelines and comply with all paper formalities as directed by them.

6) All applicable GST rules as applicable will be applied.

7) Any other govt. taxes extra as applicable at the time of lifting.

Please Note: -

During the course of execution of Sale order, in case due to negligent act by Buyer’s staff /workmen/agent/supervisor/transporter engaged by buyer, and accident occurred resulting in damage

/loss to any machinery /equipment/vehicle/any property, living creature of company or any third party , the entire cost of damage/loss shall be to Buyer’s account. ITNL shall not be responsible or liable for any compensation for such damage /loss.

Custom duty, Custom clearance, IGST & TCS will be charged extra as applicable.

All interested bidders are requested to inspect the items before the auction. It will be assumed that customers participating in the auction have inspected the material / Vehicles prior to the auction. All photographs, if given, are indicatives and the bidders are strictly advised not to go for bidding without inspection. No complaints regarding difference in material / Vehicle quality or quantity will be entertained.

Material / Vehicles sold would be under “as is where is” basis and ”No Complaint Basis”’. Any Picking, sorting, cleaning of scrap material / Vehicles will not be permitted.

The authorized personnel of the successful bidder visiting the warehouse for lifting the goods should necessarily carry the authorization letter and the proper photo identity.

ITNL will arrange to issue Tax invoice for the transaction without which the goods shall not be removed from the ALL warehouse.

Details like PAN, Bank A/c etc. and copies of documents require for creation of customer code in ALL system have to be provided by the successful bidder.

Photographs of lots are at best indicative only and do not necessarily reflect the actual condition of lots. All bidders are advised to physically inspect the offered lots before participating in the auctions. ITNL or mjunction services limited shall not be responsible or liable for any error of judgement or bids put by bidders acting on the basis of these photographs

Vehicle Images Lot wise :

Lot 01

KA-22-S-2905 - Kinectic Honda

KA22EF1497 - TVS scooty

Lot 02

Buggy - Buggy, 6 seater

Lot 03

JK-14-B-8154 - Mahindra Scorpio VLX2WD

JK14B8360-Mahindra Scorpio VLX4WD

Lot 04

JK-14-G-5269 - Tata Sumo SE4X4Car-2

JK-14-C-5254 - Tata Sumo SE4X4Car-1

JK-14-B-6390 - Tata Indica VistaQ-JetAura

JK14C0590 - Tata Safari VX4X47Seater

Lot 05

JK-14-B-6370 - Bajaj Discover Bike-150ES

Lot 06

JK-14-C-1974 - Tata Winger Ambulance

Lot 07

WB40Z5329 Honda Activa Dlx-Grey

Lot 08

AS-01-AR-2109 - Toyota Innova 2.5VX8S

Lot 09

AP-11-AD-1699 -Mahindra Scorpio SLXT2

Lot 10

AP-29-BN-2117 - Hero Splendor Plus

AP-11-AD-3796 - Two Wheeler-Honda

Lot 11

AP-11-AG-0556 - Toyota Innova-V

Lot 12 GJ23V3119- Tata Winger

GJ-23-3118- Tata Winger

Lot 13 JH01BA9440 – TATALP912CHASSIS (Parivartan Computer Bus)

JH01AS3003- Tata Winger

Lot 15 Lot 14

KL01CF5700 - Car Creta P1.6Sx Dual tone

Lot 15 Kl01AX7052 - Tata ACE

KL01BC9894 - Honda Activa

Terms specific to the Auction being conducted on behalf of Tata

Documents

Transcript of Terms specific to the Auction being conducted on behalf of Tata