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EAuction Process Information Document Abmica Polad Private Limited (In Liquidation)EAUCTION PROCESS INFORMATION DOCUMENTTerms & Conditions for Participation in EAuction Process for Sale Land & Building Plant & Machinery & Misc. Assets of the Corporate Debtor M/s. Ambica Polad Private Limited, as is where is basis (In Liquidation) (Company) under the provisions of Insolvency and Bankruptcy Code, 2016 vide order of Honble National Company Law Tribunal, Mumbai Bench (NCLT) dated 10th January, 2024)
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How to fill out e-auction process information document

01
Start by gathering all necessary documents and information related to the auction process.
02
Clearly define the objectives and scope of the e-auction.
03
Create a detailed timeline indicating key milestones in the e-auction process.
04
Identify and list the stakeholders involved in the e-auction, including suppliers and buyers.
05
Prepare the auction criteria, including starting bids and reserve prices.
06
Include instructions for participants on how to register and participate in the e-auction.
07
Specify the tools or platforms to be used for the e-auction.
08
Outline the evaluation criteria that will be used to assess bids.
09
Review the document for accuracy and clarity.
10
Distribute the completed e-auction process information document to all stakeholders.

Who needs e-auction process information document?

01
Businesses looking to procure goods or services through competitive bidding.
02
Suppliers wanting to participate in e-auctions.
03
Procurement teams responsible for managing the auction process.
04
Stakeholders involved in decision-making related to purchases.
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The e-auction process information document is a formal record that outlines the procedures, rules, and regulations governing an electronic auction, ensuring transparency and fairness.
Entities conducting electronic auctions, including sellers and auction platforms, are required to file the e-auction process information document.
To fill out the e-auction process information document, one must provide accurate details regarding the auction process, including participant eligibility, bidding procedures, and terms and conditions.
The purpose of the e-auction process information document is to ensure that all participants understand the auction process and are aware of their rights and obligations, promoting a fair bidding environment.
The document must report information such as the auction schedule, registration requirements, bidding process details, eligibility criteria, and any specific terms that apply to the auction.
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