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    Bidder Application Form

    Uploaded by

    Abhishek MN
    This document is a process compliance form for bidders participating in an e-auction of bank assets. It confirms that the bidder has [1] read and understood the sale notice and terms of the e-auction, [2] registered online to participate, and [3] will honor any bids placed. It also provides contact details for the bidder and bank account information for refunding the earnest money deposit if unsuccessful. The bidder agrees that the bank and service provider are not liable for any technical issues that prevent participation in the auction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Bidder Application Form

    Uploaded by

    Abhishek MN
    38 views3 pages
    This document is a process compliance form for bidders participating in an e-auction of bank assets. It confirms that the bidder has [1] read and understood the sale notice and terms of the e-auction, [2] registered online to participate, and [3] will honor any bids placed. It also provides contact details for the bidder and bank account information for refunding the earnest money deposit if unsuccessful. The bidder agrees that the bank and service provider are not liable for any technical issues that prevent participation in the auction.

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    This document is a process compliance form for bidders participating in an e-auction of bank assets. It confirms that the bidder has [1] read and understood the sale notice and terms of the e-auction, [2] registered online to participate, and [3] will honor any bids placed. It also provides contact details for the bidder and bank account information for refunding the earnest money deposit if unsuccessful. The bidder agrees that the bank and service provider are not liable for any technical issues that prevent participation in the auction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    38 views3 pages

    Bidder Application Form

    Uploaded by

    Abhishek MN
    This document is a process compliance form for bidders participating in an e-auction of bank assets. It confirms that the bidder has [1] read and understood the sale notice and terms of the e-auction, [2] registered online to participate, and [3] will honor any bids placed. It also provides contact details for the bidder and bank account information for refunding the earnest money deposit if unsuccessful. The bidder agrees that the bank and service provider are not liable for any technical issues that prevent participation in the auction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    You are on page 1of 3

    Process Compliance Form

    (The bidders are required to print this & sign. In case of Company/Firm it has to be printed on their
    Letter head with required stamp)
    To
    The Authorized Officer,
    ……………………………………
    ……………………………………
    ……………………………………
    Sub: Agreement to the Process related Terms and Conditions for the E-Auction

    Dear Sir,

    This has reference to the Terms & Conditions for the e-Auction mentioned in the Sale Notice for Online
    e-Auction of SARFAESI of Bank – for sale of charge d assets:
    This letter is to confirm that:
    1) The undersigned is authorized to sign this Process Compliance Form.

    2) I/We have downloaded copies of the Sale Notice, Terms &Conditions of e-Auction, Help Manual on
    operational part of e-Auction related to this e-Auction from website https://indianbankseauction.com
    of your service provider. I/We studied and understood them and confirm my/our agreement to them.

    3) I/We have properly online registered at above website to take part in above referred e- Auction.

    4) I/We confirm that we have changed the password on the auction website and checked / edited our
    company details after first login.

    5) I/We confirm that Authorized Officers of ___________________ Bank, and service provider shall
    not be liable & responsible in any manner whatsoever for my/our failure to access & bid on the e-
    Auction platform due to loss of internet connectivity, electricity failure, virus attack, problems with
    the PC, any other unforeseen circumstances etc. before or during the auction event.

    6) The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale
    consideration and the EMD of unsuccessful bidder shall be refunded. The Earnest Money Deposit
    shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price (inclusive
    of EMD amount), immediately on acceptance of bid price by the authorized officer and the balance
    of the sale price on or before 15th day of sale or within such extended period as agreed upon in writing
    and solely at the discretion of the authorized officer. Default in deposit of amount by the successful
    bidder would entail forfeiture of the whole money, already deposited and property shall be put to re
    auction and the defaulting bidder shall have no claim/right in respect of property/amount.

    7) I/We, hereby confirm that I/we will honour the bids placed by us during the e-Auction process.

    Page 1 of 2
    8) Details of my/our address email and contact no. are as under.

    Name

    Company /Organization

    Designation within Company /Organization

    Address of Company / Organization

    Mobile No.

    Phone No.

    Email ID

    PAN No.

    Property Details (Borrower Name & Sl. No.)

    9) Details of DD/BC/NEFT/RTGS towards payment of EMD enclosed with this Process Compliance
    Form are as under.
    Name of issuing Bank & Branch

    DD/BC/UTR No.

    Date of DD/BC/UTR

    Amount

    Payable at

    In favor of
    11). Bank Account Details to which EMD amount should be returned
    Bank Name

    Branch Name

    Bank A/c No.

    IFSC No.

    With regards,
    Yours Faithfully
    Signature…………………………………...
    Name……………………………………….. Place………………………………………..
    Date…………………………………………
    (In case of company please put the seal) Page 2 of 2

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