jspl rolls (rubm & plate mill) - Login - Metaljunction

JSPL- Raigarh
Date:13.03.2013
MATERIAL:
SELLER:
FERROUS Ex RAIGARH–
SCRAP ROLLS (PLATE MILL / RUBM)
Jindal Steel & Power Ltd. – RAIGARH
AUCTION DATE: 13. 03. 2013
AUCTION START TIME:
04:00 PM.
INSPECTION DATE:
CONTACT PERSON:
EMD:
BID BASIS:
BID Validity:
Any day before the auction date with prior appointment with the contact person.
JSPL –Raigarh Mr. Manish Mohan. - 9827477616
Mjunction (Raigarh) – Mr. Ravi Pandey- 7869912760
Mjunction (Kolkata) - Mr. Sourabh Sinha - 9163348107
EMD Rs.1 Lakhs have to be deposited before the start of auctions and the
last date for depositing the same would be 13.03.13 by 02:00P.M. on or
before the date of auction at any of the Mjunction offices
Basic Prices has to be quoted ex-JSPL, Raigarh excluding any applicable duties,
Taxes and Freight.
Excise , Vat/CST, TCS (If Applicable) & Any other taxes will be charged
extra on Basic Price
7 Working days from the date of auction.
MATERIAL LOCATION:
Jindal Steel & Power Ltd. – Raigarh (Chhattisgarh).
This auction is open to all Bidders fulfilling the criterions mentioned in the catalogue.
IMPORTANT NOTE:-
COMPANY HAS RESERVED RIGHT TO WITHDRAW ANY LOT OR ANY ROLLS AT ANY
BEEN SOLD
(MATERIAL WILL BE SOLD ON “AS IS WHERE IS & NO COMPLAINT BASIS”).
TIME EVEN IT HAS
The Goods will be sold on “As is where is” and “No Complaint” basis. The bidders will therefore be deemed to have made
themselves aware regarding the quality of materials before bidding. No Complaint or claim in this regard will be
entertained after submission of bids.
The Bidders would have to bid for the Total Qty as mentioned above and no bidding for part quantity would be allowed.
Page 1 of 13

JSPL Ex Raigarh Plate Mill & RUBM – ROLLS
505 MT SCRAP ROLLS (PLATE MILL / RUBM) FOR AUCTION - FEBRUARY 2013.
PLATE MILL SCRAP ROLLS [ Details of 2 Hi Roughing Mill Scrapped Rolls].
LOT
NO
1
NO.OF
ROLLS
Roll
serial
No
Roll Start
Dia (mm)
Present Dia (mm)
Roll Start
Date
Roll
Discard
date
Aprx
Wt(MT)
Remarks
1 51798 1340.686 1231.94 11.02.2007 05.05.2012 43.2 DISCARD
2 61779 1347.101 1243.154 03.08.2007 13.05.2011 44.2 BROKEN
3 57579 1315.083 1233.011 28.09.2008 16.08.2011 43.2 DISCARD
TAXES EXTRA
AS
APPLICABLE
VAT 5% / CST
2% AGAINST
FORM 'C'.
EXCISE
APPLICABLE
12.30%
TOTAL 130.6
LOT
NO
NO.OF
ROLLS
Roll
serial
No
Roll Start
Dia (mm)
PLATE MILL SCRAP ROLLS [ Details of 4 Hi Roughing Mill Scrapped Rolls].
Present Dia (mm)
Roll Start
Date
Roll
Discard
date
Aprx
Wt(MT)
Remarks
2 1 47017 1003.767 920.81 07.05.09 16.03.2011 26.3 N/F DISSCORD
TOTAL 26.3
TAXES EXTRA
AS
APPLICABLE
VAT 5% / CST
2% AGAINST
FORM 'C'.
EXCISE
APPLICABLE
210120
LOT
NO
NO.OF
ROLLS
Roll
serial
No
Roll Start
Dia (mm)
PLATE MILL SCRAP ROLLS [ Details of 4 Hi Roughing Mill Scrapped Rolls].
Present Dia (mm)
Roll Start
Date
Roll
Discard
date
Aprx
Wt(MT)
Remarks
3 1 47019 1003.475 920.28 08.05.09 27.03.2011 26.3 N/F DISSCORD
TOTAL 26.3
TAXES EXTRA
AS
APPLICABLE
VAT 5% / CST
2% AGAINST
FORM 'C'.
EXCISE
APPLICABLE
210120
LOT
NO
NO.OF
ROLLS
Roll
serial
No
Roll Start
Dia (mm)
PLATE MILL SCRAP ROLLS [ Details of 4 Hi Roughing Mill Scrapped Rolls].
Present Dia (mm)
Roll Start
Date
Roll
Discard
date
Aprx
Wt(MT)
Remarks
4 1 8652 1003.3 920.501 22.01.10 03.04.2011 26.3 N/F DISSCORD
TOTAL 26.3
TAXES EXTRA
AS
APPLICABLE
VAT 5% / CST
2% AGAINST
FORM 'C'.
EXCISE
APPLICABLE
219184
RUBM SCRAP ROLLS [UNIVERSAL ROLL(RING MATERIAL IS GIVEN IN THE LIST & SHAFT IS MADE OF SHAFT MATERIAL)].
LOT
NO
5
NO.OF
ROLLS
Roll
serial
No
1 116223
2 2868
3 2826
4 2504
Section
356 X
171
305 X
165
203 X
133
254 X
146
Material
Size( Diax
BL)
Stand No
Aprx
Wt(MT)
Adamite (RING) 1274 X 335 UF 8
Adamite (RING) 1316 X 289 UF 8
Adamite (RING) 1285 X 188 UR 7
Adamite (RING) 1304 X 234 UF 7
5 1068 700x300 EN-8(Ring) 1380x640 UF 8
Remarks
SCRAP (Marked with
Red paint)
TAXES EXTRA
AS
APPLICABLE
VAT 5% / CST
2% AGAINST
FORM 'C'.
EXCISE
APPLICABLE
12.30%
6 2832 700x300 EN-8(Ring) 1380x640 UF 8
7 2501 700x300 EN-8(Ring) 1380X730 UR 8
8 2166 700x300 EN-8(Ring) 1380X630 UR 8
Total 62
Page 2 of 13

RUBM SCRAP ROLLS [BD ROLLS].
LOT
NO
NO.OF
ROLLS
Roll
serial
No
1 943
Section
305 X
165
Material
Size( Diax
BL)
Stand No
Aprx
Wt(MT)
Forge Steel 650 x 2500 BD 14
Remarks
SCRAP
(Marked with Red
paint)
TAXES EXTRA
AS
APPLICABLE
EXCISE
APPLICABLE
2 600023 ISMC 250 Forge Steel 651 x 2500 BD 14
Scrap due to design
change
(50%used)
3 3222 600x220 Forge Steel 657 x 2500 BD 14
4 3221 600x220 Forge Steel 658 x 2500 BD 14
5 2919 Rail (Old) Forge Steel 651 x 2500 BD 15
6
6 2918 Rail (Old) Forge Steel 657 x 2500 BD 15
7 959
200 X
203
Forge Steel 651 x 2500 BD 15
8 960
200 X
203
Forge Steel 657 x 2500 BD 15
9 1945
203 X
133
Forge Steel 651 x 2500 BD 15
10 1536
203 X
133
Forge Steel 657 x 2500 BD 15
11 1944
152 X
152
Forge Steel 651 x 2500 BD 15
12 1537
152 X
152
Forge Steel 657 x 2500 BD 15
13 941 450X190 Forge Steel 657 x 2500 BD 15
SCRAP
(Marked with Red
paint)
VAT 5% / CST
2% AGAINST
FORM 'C'.
12.30%
14 3223 700x300 Forge Steel 658 x 2500 BD 14
15 2917 Rail (Old) Forge Steel 651 x 2500 BD 15
16 2920 Rail (Old) Forge Steel 657 x 2500 BD 15
Total 235
RUBM SCRAP ROLLS [OLD ISCOR MILL UR/UF ARBORS].
LOT
NO
7
NO.OF
ROLLS
Roll
serial
No
Section
Material
Size( Diax
BL)
Stand No
Aprx
Wt(MT)
1 400207 500x200 Alloy Steel 1011x520 UE 8
2 170 500x200 Alloy Steel 1011x520 UE 8
3 136 500x200 Alloy Steel 1011x520 UE 8
4 301979 500x200 Alloy Steel 1011x520 UE 8
5 61835 CR-80 Alloy steel 581 x 2000 KV1 10
6 600026 610X229 Alloy steel 580 x 2000 KV1 10
7 600020 610X229 Alloy steel 581 x 2000 KV1 10
8 2829 BEAM Shaft Matl(MS E-N). 650 x 1100 ARBOR 5
9 2871 BEAM Shaft Matl(MS E-N). 650 x 1100 ARBOR 5
Remarks
Scrap due to design
change
(50%used)
SCRAP
(Marked with Red
paint)
TAXES EXTRA
AS
APPLICABLE
VAT 5% / CST
2% AGAINST
FORM 'C'.
EXCISE
APPLICABLE
12.30%
10 2873 BEAM Shaft Matl(MS E-N). 650 x 1100 ARBOR 5
Total 77
GRAND TOTAL
585 MT
IMPORTANT NOTE :-
COMPANY HAS RESERVED RIGHT TO WITHDRAW ANY LOT OR ANY ROLLS AT ANY
TIME EVEN IT HAS BEEN SOLD
(MATERIAL WILL BE SOLD ON “AS IS WHERE IS & NO COMPLAINT BASIS”).
Page 3 of 13

Photographs
RUBM Rolls
PLATE MILL Rolls
Page 4 of 13

Page 5 of 13

OFA No.MJ/JSPL/
TERMS & CONDITIONS
Dt.: 22.02.2013
Jindal Steel & Power Ltd (hereinafter called JSPL) intends to offer for sale following materials on terms and
condition mentioned herein below:
Taxes
Excise , Vat/CST, TCS (If Applicable) & Any other taxes will be charged extra
on Basic Price
Transportation Will be in your scope on “To Pay Basis”.If you want JSPL to arrange
transportation, please confirm.
Statutory Forms Please sendRoad Permits / Form ‘C’ in advance or else deposit full CST.
Differential CST 2%/ 4% will be refunded on receipt of form ‘C’.
. Insurance The Transit Insurance is in your scope.
. Customer Details Please confirm Customer & Consignee details (Name of firm, Billing Address,
ECC, TIN, Contact Person, Contact Number, email Id
Weighment
The quantity dispatched and the corresponding weight mentioned & certified
in the invoice will be final.
Payment Terms 100% advance payment of order value shall reach us positively .
within 7 days after the date of lot confirmation
Validity
The order is valid for dispatches within 15 days after the date of lot
confirmation
Forfeiture
If the material is not paid for / lifted within the validity period as above, The
EMD of Rs. 1.00 Lac shall be forfeited & the order shall be treated as
cancelled.
RTGS Details Please deposit payment in favour of JINDAL STEEL & POWER LIMITED,
RAIGARH. PNB BANK A/C NO. 0412008700005256 / RTGS CODE -
PUNB0041200 (OR) SBI BANK A/C NO. 10511347891, RTGS CODE
SBIN0000460 & send UTR Slip no. scan copy through e-mail
to__________________ FAX 07762-227044
Tolerance
The tolerance shall be + / - 10%allowed on lot quantity.
Supply Condition Material will be supplied on “As is where is Basis”& “No Complaint
Basis”.
1. Product :FERROUS
2. Indicative Specifications:As indicated above
3. Requirement of Participation:
a) Non Interest Bearing SECURITY DEPOSIT of Rs.100000/- (Rs.one Lakh Only) in form of
Demand Draft drawn in favour of “Jindal Steel & Power Ltd.” payable at Raigarh / Raipur shall be
deposited.
b) All pages of this catalogue duly signed and stamped by the bidder. The interested parties are
advised to read and fully understand the contents of each page of the catalogue.
The above have to be deposited before the start of auctions and the last date for depositing the same
would be 13.03.13 by 02:00 P.M. on or before the date of auction at any of the Mjunction offices.
4. SD& Security Deposit:
The SD of the unsuccessful bidders would be returned immediately after the close of auction process.
For successful bidders, the above SD, would be returned after the full payment for the lots has been
made. Bidder may adjust the SD against payment of last lot. The SD would be non interest bearing.
6. Rate: Best rate is to be quoted online on internet site http://auction.metaljunction.in in Indian
Rupees PER MT. The rates quoted would be basic rate ex- Stockyard, excluding any statutory duties
Page 6 of 13

and taxes,etc which would be as applicable at the time of supplies will be extra and payable by the
bidder.Any other taxes and duties that may be introduced later are all to the account of bidder.
7. Weighment: JSPL shall arrange for Weighment of the product at their own weigh bridge and such
weighment shall be final for all-purposes including forpayment.
9. Acceptance of offer/ Sale order/Offer Letter
When a bid is accepted by JSPL, the successful bidder shall be issued an “ Acceptance of offer /
Sale Order / Offer letter “This will indicate relevant details viz. description of goods, quantity,
accepted rates and last date of making payments/ completing commercial formalities and other terms
and conditions of supplies etc.
10. Right to Terminate: If the successful bidder fails to perform as per terms and conditions as
stipulated in our acceptance of offer , JSPL reserves the right to terminate the agreement with
immediate effect.
11. Other Conditions:
JSPL is not bound to accept the highest or any bid or to assign any reason for such
non-acceptance. JSPL's decision in this regard shall be final and binding on the bidding firms.
JSPL further reserves the right to prepone , postpone, cancel the auction before, during and
even after the completion of online auction without assigning any reason. Sale of material is subject
to final confirmation in writing by JSPL and allocation of material by the system shall not be treated as
confirmation of sale.
12. Arbitration: In the event of any dispute or differences between JSPL and the bidding firm, such
dispute or difference shall be resolved amicably by mutual consultation. If, however, any dispute or
difference remains unresolved, the same shall be settled by arbitration by referring the claims to the
sole Arbitrator to be appointed by the Managing Director(designated by any other name) of JSPL,
who shall be the appointing authority of the sole Arbitrator.
The venue of arbitration shall be Raigarh (C.G) and the cost of the arbitration shall be as decided by
the Arbitral Tribunal consisting of sole Arbitrator. No court shall have the jurisdiction to settle any
dispute in view of this arbitration clause.
Jurisdiction : Court at Raigarh (C.G) shall have exclusive Jurisdiction.
Governing Law: Arbitration & Conciliation act 1996.
13. Force Majeure: All commitments under the agreement shall be subject to acts of God, Government
Regulations / edicts or Rulings, war, blockade, revolution, civil commotion, riots, floods, sabotage or
other causes beyond the control of JSPL or successful bidder. In such an event, JSPL or the
successful bidder, as the case may be, shall be relieved of the responsibility of performance of its
part under the contract till such force majeure condition exists and the delay in the performance of its
part of the contract, absolve the liability if any.
I/We have read and understood the conditions of the tender as detailed out above
(page 01 to 11) and as a token of my / our acceptance of the same without any
alterations and modifications, I/We affix my/our signatures as follows:
PLACE:
DATE:
Authorized Signatory for tendering firm with seal and date
Page 7 of 13

LETTER OF INTEREST
To
Jindal Steel & Power Ltd.
Raigarh
THROUGH: M/s Mjunction Services Ltd
Dear Sir,
(1) We ___________________________________ are interested in participating in the Online Forward Auction
notified vide your notice under reference no.__________________ dated _________.
(2) We are hereby submitting SD of Rs.____________ (Rupees ___________ only) vide DD/PO.
No.________________________ dated ___________ drawn on _____________________ (Bank) in favour of
“Jindal Steel & Power Ltd “ payable at Raigarh for participating in the above mentioned Online Forward Auction.
(3) We agree to abide by all the instructions contained in the above indicated Online Forward Auction notice, your
terms and conditions of sales and General Rules and Regulation Governing conduct of online Auction on the Service
provider’s platform/ website.
(4) I/We understand that my/our bid in an e-selling event would be construed as my/our acceptance to the “JSPL’s
terms and Conditions of the sale , General Rules & Regulations governing the conduct of Online Auctions on the
Service Provider Platform, Auction Notice. I/We understand that if our bid is accepted by the service provider, and
approved by JSPL, I/We are obliged to complete the transaction and abide by all Terms & Conditions mentioned in
this auction document.
(5) I/We agree that I/we have been provided training by service provider in order to participate in Online Forward
Auctions. I/We agree to update ourselves regarding any changes made to the catalogue from the website of the
Service Provider/JSPL and bid accordingly.
(6) I/We request service provider to allot User-id and password to me/us and activate the same to participate in the
above mentioned online forward auction.
(7) I/We agree that I/we shall change the password on receipt by me/us and keep it confidential. I/We agree that
Service Provider shall not be held responsible in any way for any losses that may be suffered by me /us as a result of
disclosure of the password to any other person by me.
(8) I/We understand that my/our inability to participate in an e-selling event due to disruption of my /our internet
services, or due to bandwidth problems with my/our local internet service providers are beyond the control of the
Service Provider.
(9) In the event of any failure on our part to comply with all or any of the Terms & conditions regarding the online
forward auction, I/We irrevocably agree for the forfeiture of our security deposit and SECURITY DEPOSIT.
(10)I/We also agree that JSPL is not bound to accept the highest or any bid or to assign any reason for such nonacceptance.
(11) JSPL shall not be responsible for any consequential, incidental, indirect, punitive, exemplary or special damages
of any nature whatsoever, including, without limitation, lost profits or losses or for any damages arising out of or in
connection with any malfunctions, delays, loss of profit or interruption of service arising out their supply of iron ore to
us.
(12) I/We are providing the following details to you:-
Page 8 of 13

NAME & ADDRESS OF THE FIRM:
a) Name of the Contact Person on our behalf
b) Our contact Telephone Nos
c) Our contact FAX No
d) Our contact e-mail Particulars
e) Bank name
f) Branch name
g) Branch address
h) Branch telephone no
i) Account type
j) Account no.
k) Lot nos. for which SD is submitted:
l) Other documents required by JSPL. If any
Yours faithfully
Signature of Authorised Person
(Name of the person signing)
Date:
Place:
For M/S ___________________
(With Company’s Seal)
Page 9 of 13

For registration and submission of documents please contact any of the numbers of M/S Mjunction Services Ltd
as given below.
KOLKATA:
1 st Floor, Tata Centre, 43, Jawaharlal Nehru Road, Kolkata – 700 071
Contact No.: Auction room - (033) 65501140, 65501141, 65501142, Mr. Jamsheed Daver (Client
Relationship Manager)- 9163348136, Mr.Snehasish Banerjee –Pre Auction Team - 9163348145
MUMBAI:
Jolly Bhavan - 2, 403, 4th Flr,OppNirmalaNiketanHomeScienceCollege,Mumbai - 20
Contact No.:(022) 66510662 / 09223171169
BHILAI :
Bhilai Steel Plant, Room No. 321, 3 rd Floor, IspatBhawan, Bhilai - 490001
Contact No.:09229230151
ROURKELA:
Administrative Building, Room No. 624, 6 th Floor, Rourkela Steel Plant, Rourkela - 769001
Contact No.: 09238306308.
DURGAPUR:
Room No. 618, IspatBhawan, Durgapur Steel Plant, Durgapur - 713203
Contact No.:(0343) 6510185
BOKARO:
Room No. 19, Old Admn. Bldg., Bokaro Steel Plant, BokaroSteelCity - 827001
Contact No.:(06542) 2261 32 & 94311 28242
CHENNAI:
2 nd Floor, 91, Armenian Street, Chennai-600001
Contact No.:09244547608,09282162861.
DELHI:
C-127, 2 nd Floor, A-One Plaza, Above Vijaya Bank, Naraina Industrial Area,Phase-I,
New Delhi-110028
Contact No.: (011) 2589 6900/ 2589 7000/09250000482.
KANPUR:
Contact No. 09235505305
LUDHIANA:
Contact No.09216960169
AHMEDABAD:
Contact No.09227121770
Page 10 of 13

GENERAL RULES AND REGULATION GOVERNING CONDUCT OF ONLINE
AUCTIONS ON THE “SERVICE PROVIDER” PLATFORM
INTRODUCTION :
This Online Forward Auction is being conducted for Jindal Steel & Power Ltd (hereinafter referred as the “Client’’) on
the Auction Platform of Mjunction Services Limited (hereinafter referred as “Service Provider”).
The General Rules and Regulations provided herein govern the conduct of Online 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. Acceptance and strict adherence to these General Rules and
Regulations governing conduct of online auctions and General Terms and Conditions for Sale of Materials
from JSPL, is a pre-requisite for securing participation in the online auctions.
The key terms pertaining to the online Forward Auctions are provided in the “Annexure-B ”. Prospective bidders are
advised to read through the same.
ROLE OF “SERVICE PROVIDER”
1. “Service Provider’ is the agency (operator) primarily providing the platform and service of the online Forward
auction to the “client”.
2. Finalisation of the auction items in consultation with the client.
3. Defining of bidding rules for each auction in consultation with the client.
4. Enhancing bidder 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 successful bidder base by introducing new bidders.
7. Collection of SD, Letter of Interest etc. from the willing bidders and forwarding the same to the Client.
8. Providing access to the approved bidders to participate in the Auction.
9. Summarising the Auction proceedings and communicate the outcome to the Client.
ROLE OF BIDDER
The role of the bidder is outlined below:
1. The bidder would participate in the auction with the aim of bidding to secure the auctioned item in the auction
The bidder would be provided access to the Auction through a “User ID” protected by a “Password”. The
bidder needs to ensure that the “User ID” and “Password” is not revealed to unauthorized persons. Bidders
are also requested to change the password allocated to them by the “Service Provider” to keep their
confidentiality. However it would be bidder’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
these user IDs and/or Password.
Access to the auction mechanism shall be provided to all the approved bidders subsequent to obtaining their
written consent to the General Rules & Regulations and the Letter of Interest. Payment of SD &Security
Deposit (SD) as decided by the client before the start of the Forward auction will be one of the necessary
conditions for participating in the auction. Forfeiture of the SD will be passed to JSPL
2. Bidders 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 bidders. Bidders are strongly advised to exercise due diligence while placing bids.
Failure to honour the bids placed during online bidding shall render the bidders liable for penal action as
deemed fit by “Client” / “Service Provider”.
3. In the event of winning an allotment in the auction mechanism, the bidder shall commit to fulfill outlined
obligations under the contract.
Page 11 of 13

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 bidders with the information and terms specific to the auction in
which they are bidding. This would include:
• Definition of the lot 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 prespecified
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” shall retain the right to delay the announcement of these bidding rules or
modify rules specified earlier at the time of the online bidding. These details would be available to the
bidders on the Auction Engine at the time of bidding. Participation in the auction process presumes
completeawareness and understanding of the bidding rules.
CONDUCT OF THE AUCTION:
Only those bidders 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 SD amount and other necessary documents to the“Client”/ “ServiceProvider” within the specified
time will be given “Login ID” and“PASSWORD” to enable them view and participate in online auction.
The Auction shall be conducted on pre-specified date. The Key Terms pertaining to the conduct of
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 auction, with the approval of the Competent Authority
of the Client, on any of the following reasons:
• The number of confirmed bidders is deemed insufficient to conduct the auction.
• Some of the confirmed bidders 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 below Start Bid Price.
• Any other reason which in the opinion of “Service Provider” / “Client” requires such action to be initiated.
The duration of auction may also vary from the pre-specified period of time either on account of termination of the
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 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:
6. Cancellation/ premature termination of the auction with/ without a subsequent rerun of the auction on a mutually
decided date
7. Cancellation of a bid
8. Locking / deactivate a bidder’s account (suspension of operations in the account), etc.
LIABILITY OF “SERVICE PROVIDER”
“Service Provider” shall not be liable to the client/ bidders participating in the auction or any other person(s) for:
• Any breach of contract by any of the parties in the fulfillment of the underlying contract.
• 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.
Page 12 of 13

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/ bidders in accessing the Auction
Engine and placing bids, etc. the bidders 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 bidders in participation
but the ultimate responsibility on all these counts lies totally with the bidders.
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 bidder in any such
case.
CONFIDENTIALITY CLAUSE:
“Service Provider” undertakes to handle any sensitive information provided by the client or confirmed bidders for the
auctions conducted with utmost trust and confidentiality.
JURISDICTION
Any disputes relating to the online auction module of “service provider” shall be subject to the exclusive jurisdiction of
court at Kolkata only.
Page 13 of 13