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Private&ConfidentialE AUCTION SALE PROCESS MEMORANDUM EAuction Sale of assets of Excel Glasses Limited (in Liquidation) CIN: L26109KL1970PLC002289 Date of Auction Announcement 12 October 20202020

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How to fill out e- auction sale process

01

Step 1: Start by registering on the e-auction website

02

Step 2: Login to your account using the provided credentials

03

Step 3: Browse through the available listings to find the desired item for sale

04

Step 4: Once you have selected the item, click on 'Bid' or 'Buy Now' button

05

Step 5: Enter the amount you are willing to bid or purchase the item for

06

Step 6: Review your bid/purchase details and confirm the transaction

07

Step 7: Make the payment for the item as per the instructions provided

08

Step 8: Await confirmation of your successful bid/purchase

09

Step 9: Arrange for the delivery/pickup of the item as per the seller's instructions

10

Step 10: Provide feedback or rate the seller based on your experience

Who needs e- auction sale process?

01

Individuals looking to buy or sell items at competitive prices

02

Businesses seeking to liquidate excess inventory or assets

03

Organizations or government bodies conducting public auctions

04

Artists or collectors looking for a platform to showcase and sell their creations

05

Bidders who prefer the convenience and accessibility of online auctions

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What is e- auction sale process?

The e-auction sale process is a digital method of auctioning goods or assets where bidding takes place online. Participants can place bids electronically, and the process is often used for selling surplus government or bank-held assets.

Who is required to file e- auction sale process?

Typically, individuals or entities wishing to sell assets through an e-auction, such as banks, government agencies, or private sellers, are required to file for the e-auction sale process.

How to fill out e- auction sale process?

To fill out the e-auction sale process, sellers must register on the e-auction platform, complete the required forms with details of the asset to be auctioned, set a minimum reserve price, and provide any necessary documentation for validation.

What is the purpose of e- auction sale process?

The purpose of the e-auction sale process is to facilitate transparent, efficient, and competitive bidding for assets, ensuring maximum value realization and wider participation from potential buyers.

What information must be reported on e- auction sale process?

The information that must be reported includes details of the asset (description, condition, reserve price), seller information, bidding process timelines, terms and conditions of the auction, and results of the auction.

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