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BEFORE THE NATIONAL COMPANY LAW TRIBUNAL, HYDERABAD IN IA No. 565/2019 IN CP (IB) No. 343/7/HDB/2018 UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016 AND IN THE MATTER OF M/S. SOUTHERN ONLINE BIO TECHNOLOGIES
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How to fill out complete e- auction process

01
Login to the e-auction portal with your credentials.
02
Navigate to the auction section and find the auction you want to participate in.
03
Read all the terms and conditions of the auction carefully.
04
Check the eligibility criteria and ensure you meet all the requirements.
05
If eligible, submit the required documents and pay the registration fee, if applicable.
06
Once you are registered, you can bid on the desired items or properties.
07
Enter your bid amount and submit it within the specified time frame.
08
Keep track of the auction progress and monitor the bidding activities.
09
If your bid is successful and you win the auction, complete the necessary payment and documentation processes as instructed.
10
Collect the item or property won through the e-auction process.
11
Provide feedback or rating about your experience with the e-auction platform, if required.

Who needs complete e- auction process?

01
Individuals or businesses who are interested in purchasing items or properties through a transparent and competitive bidding process.
02
Government agencies or organizations that want to auction off surplus or seized assets.
03
Sellers who want to reach a wide range of potential buyers through an online auction platform.
04
Investors or speculators looking for investment opportunities in various asset classes.
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The complete e-auction process involves a digital platform where buyers and sellers participate in a competitive bidding process in real-time. Bidders submit their bids electronically, and the process aims to maximize transparency and efficiency.
Entities involved in the auction, including sellers and buyers, are required to file the complete e-auction process, ensuring compliance with the applicable regulations.
To fill out the complete e-auction process, participants must register on the e-auction platform, provide necessary documentation, specify the items or services being auctioned, and complete the bidding form with relevant details.
The purpose of the complete e-auction process is to create a fair and competitive environment for the sale of goods and services, increase participation, and promote transparency in bidding.
Information that must be reported includes the details of the item or service being auctioned, the bids received, the identities of the participants, and the final results of the auction.
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