PRIME PLATES - Login - Metaljunction

OFA No. MJ/JSPL/11-12 

MATERIAL: 

SELLER: 

FERROUS EX RAIGARH – 

PRIME PLATES 

Jindal Steel & Power Ltd. – RAIGARH 

AUCTION DATE: 20.01.2012 

AUCTION START TIME: 

INSPECTION DATE: 

CONTACT PERSON: 

BID BASIS: 

MATERIAL LOCATION: 

03:30 PM 

Any day before the auction date with prior appointment with the contact person. 

JSPL - Mr. Ramkishore- Sr. DGM(Comm)- 07762227044/ 09827477033 

JSPL - Mr. Raj Kumar Sr. Manager Marketing- 98274-77640 

JSPL – Mr. Sanjay Pandey Dy. Manager (Marketing)- 98274-77039 

Mjunction - Mr. Abhijit Dey – 9163348139 

Mjunction - Mr. Madhurendra Kumar - 9163348137 

Mjunction – Mr. Jamsheed Daver – 9163348136 

Basic Prices has to be quoted ex-JSPL, Raigarh excluding any applicable duties, 

Taxes and freight. 

Jindal Steel & Power Ltd. – Raigarh (Chhattisgarh). 

This auction is open to all Bidders fulfilling the criterions mentioned in the catalogue. 

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 14

E-AUCTION-75, ON-20.01.2012 ( FRIDAY ) FROM (M-JUNCTION) 

LOT MATERIAL THICKNESS WIDTH LENGTH PC QTY GRADE ED+TAXES EXTRA 

FR-382 

FR-388 

FR-05 

FR-34 

PRIME PLATE 25 2000 10000 1 IS2062 E250 BR .+ED+VAT5%/cst2%extra 

PRIME PLATE 25 2500 12500 1 ASTM A516 Gr.70 .+ED+VAT5%/cst2%extra 

PRIME PLATE 40 2500 12500 1 IS2062 E250B .+ED+VAT5%/cst2%extra 

PRIME PLATE 20 2500 10000 1 EN10025 S355J2G3 .+ED+VAT5%/cst2%extra 

PRIME PLATE 25 2500 10000 1 ASME SA516GR-70 .+ED+VAT5%/cst2%extra 

PRIME PLATE 16 2500 7000 1 IS2062 E250 BO .+ED+VAT5%/cst2%extra 



PRIME PLATE 35 2500 13600 1 EN10025-2 S355J2+N .+ED+VAT5%/cst2%extra 


PRIME PLATE 16 2500 12500 1 NV A32 .+ED+VAT5%/cst2%extra 

PRIME PLATE 56 

PRIME PLATE 22 3000 11000 1 IS2062 E350 C .+ED+VAT5%/cst2%extra 


PRIME PLATE 14 2500 10500 1 EN10025-2 S235 J2+N .+ED+VAT5%/cst2%extra 



PRIME PLATE 15 2000 12000 1 EN10025-2 S355JO .+ED+VAT5%/cst2%extra 





PRIME PLATE 16 2000 5600 1 EN10025-2 S355 JO+AR .+ED+VAT5%/cst2%extra 



PRIME PLATE 8 2000 8000 10 EN10025-2 S355J2C+N .+ED+VAT5%/cst2%extra 




PRIME PLATE 40 2250 6100 1 EN10025 S355J2+N .+ED+VAT5%/cst2%extra 






PRIME PLATE 30 2000 12000 1 ASTM A36 .+ED+VAT5%/cst2%extra 


PRIME PLATE 45 2500 10200 1 IS2062 E450 A .+ED+VAT5%/cst2%extra 

PRIME PLATE 40 2000 12000 1 NV A36 .+ED+VAT5%/cst2%extra 


PRIME PLATE 15 2000 6100 1 EN10028-3 P355NH .+ED+VAT5%/cst2%extra 



PRIME PLATE 10 2500 10000 1 EN10025 S235JR .+ED+VAT5%/cst2%extra 

PRIME PLATE 13.8 2000 10000 1 DIN17100 ST52.3 .+ED+VAT5%/cst2%extra 









PRIME PLATE 12 2500 12000 1 

JSPMA04 Eqv. to SAILMA 

450Hi 

.+ED+VAT5%/cst2%extra 



450Hi 





450Hi 




Page 2 of 14

FR-48 

FR-76 





PRIME PLATE 28 2500 12000 1 E250BR .+ED+VAT5%/cst2%extra 



PRIME PLATE 18 2500 10000 1 GR-70 .+ED+VAT5%/cst2%extra 






PRIME PLATE 32 2000 8000 1 E350C .+ED+VAT5%/cst2%extra 





PRIME PLATE 16 2000 6300 1 J0+AR .+ED+VAT5%/cst2%extra 



PRIME PLATE 13 2000 10000 1 NVA .+ED+VAT5%/cst2%extra 



PRIME PLATE 20 2500 12000 1 IS2062 E250 BO .+ED+VAT5%/cst2%extra 



PRIME PLATE 15 2500 10500 1 EN10025 S235JO .+ED+VAT5%/cst2%extra 







PRIME PLATE 16 2500 11000 1 GR70 .+ED+VAT5%/cst2%extra 


FR-126 









FR-125 














PRIME PLATE 8 2500 8000 1 LRA .+ED+VAT5%/cst2%extra 





Page 3 of 14

PRIME PLATE 10 2500 6000 1 EN10025-2 S235JR+AR .+ED+VAT5%/cst2%extra 






FR-150 










PRIME PLATE 30 1500 6000 1 ASTM A572M GR50 Type-1 .+ED+VAT5%/cst2%extra 


PRIME PLATE 32 2500 8300 1 ASTM A537 Class-I .+ED+VAT5%/cst2%extra 








FR-153 







PRIME PLATE 16 2500 12500 1 IS2062 E250C .+ED+VAT5%/cst2%extra 

PRIME PLATE 16 2500 12500 1 IS2062 E250C .+ED+VAT5%/cst2%extra 

















FR-164 













Page 4 of 14


FR-222 

















FR-115 


PRIME PLATE 16 2500 5300 1 EN10028-2 : 16Mo3 .+ED+VAT5%/cst2%extra 


PRIME PLATE 16 2200 12000 1 IS2062 E250A .+ED+VAT5%/cst2%extra 












PRIME PLATE 60 IS2062 E350 A 

FR-248 





PRIME PLATE 40 2000 10000 1 IS2062 E410 .+ED+VAT5%/cst2%extra 



PRIME PLATE 16 2500 10000 1 ASME SA515 Gr.70 .+ED+VAT5%/cst2%extra 

PRIME PLATE 15 2000 12000 1 EN10028-3 P355NH .+ED+VAT5%/cst2%extra 





FR-265 

PRIME PLATE 17 2,500 10200 1 IS2062 E250 BR .+ED+VAT5%/cst2%extra 


PRIME PLATE 16 2,500 12000 1 EN10025 S275JR .+ED+VAT5%/cst2%extra 












Page 5 of 14



FR-353 












PRIME PLATE 10 2000 11500 1 IS2062 E250Cu BR .+ED+VAT5%/cst2%extra 




















TOTAL 871 

The time periods mentioned above are from the date of issue of offer letter. 

The specifications given above are indicative, JSPL & mjunction services ltd do not stand any guarantee to 

the same. 

Basic Prices are to be quoted during the auction. Excise Duty @ 10.3%, VAT/CST as mentioned in the above 

table will be charged extra on quoted price. 

If any other duties, taxes and statutory levy(s) are imposed during the pungency of the contract, then it will be in the 

buyers account. 

Page 6 of 14

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 7 of 14

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 8 of 14

OFA No. MJ /JSPL /11-12/ 60 

TERMS & CONDITIONS 

Jindal Steel & Power Ltd (hereinafter called JSPL) intends to offer for sale following materials on terms and 

condition mentioned herein below: 

1. Product : PRIME FERROUS 

2. Indicative Specifications: As indicated in page no. 1 & 2 

3. Requirement of Participation: 

a) Non Interest Bearing SECURITY DEPOSIT of Rs.50000/- (Rs.Fifty Thousand 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 by 10.30A.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. 

Payment: On lot confirmation by JSPL, the customer will be required to pay EMD of 10% of basic 

value at approved rate for lot quantity within one working day. If rates approved are higher than rates 

quoted, the customer has the right to reject the offer. In case the rates are approved at rates quoted, 

upon failure to make 10% payment, SD of Rs 50,000 may be forfeited and lot may be rejected without 

any further notice. On lot acceptance and payment of EMD of 10% of basic value by customer, 

balance payment including all taxes, duties and freight etc. is to be made within 5 working days from 

the date of lot confirmation. Upon failure to make payment within 5 working days, Entire EMD of 

10% may be forfeited and lot may be rejected without any further notice.” 

All payments are to be made in the form of DD/ PO/AT PAR CHQUES only in favour of “Jindal 

Steel & Power Ltd” drawn on payable at Raigarh. Bidders can make RTGS payment through HDFC 

BANKS. 

Failure to deposit payments within the stipulated period as per offer letter will result in termination of 

contract without any notice to the successful bidder and forfeiture of SD. 

All such payments would be non interest bearing and would be adjusted against the material value 

dispatched from time to time. 

5. Delivery : The materials would have to be lifted within 10 days of offer acceptance letter. 

The materials would have to be lifted between 10A.M. to 4:00P.M. on any working day. Bidders 

would have to make their own arrangements for transporting the materials. Loading would be to 

JSPL’s account. Material is available in stock 

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 9 of 14

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 for payment. 

8. Validity of offer: The bid quoted should remain valid for acceptance by JSPL for 10 working days 

from the date of close of auction for the acceptance by JSPL. Once the rate is accepted by the JSPL 

the price shall remain firm during the period of contract. 

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 Kolkata 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 Kolkata 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 10 of 14

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,Opp Nirmala Niketan Home Science College,Mumbai - 20 

Contact No.:(022) 66510662 / 09223171169 

BHILAI : 

Bhilai Steel Plant, Room No. 321, 3 rd Floor, Ispat Bhawan, 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, Ispat Bhawan, Durgapur Steel Plant, Durgapur - 713203 

Contact No.:(0343) 6510185 

BOKARO: 

Room No. 19, Old Admn. Bldg., Bokaro Steel Plant, Bokaro Steel City - 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 11 of 14

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 12 of 14

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 complete 

awareness 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”/ “Service Provider” 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 13 of 14

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 14 of 14

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