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This document provides notice and details regarding the online auction for the sale of immovable properties mortgaged or charged to Phoenix ARC Private Limited under the provisions of the SARFAESI Act. It outlines the auction process, property details, important dates, reserve price, and terms and conditions for prospective bidders.
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An online e-auction sale notice is a formal announcement made electronically to inform stakeholders about an upcoming auction of goods or property, detailing the terms and conditions of the sale.
Typically, sellers, auctioneers, or organizations conducting the auction are required to file the online e-auction sale notice to ensure compliance with legal and regulatory obligations.
To fill out an online e-auction sale notice, one must access the relevant online platform, provide information such as auction details, item descriptions, bidding rules, and submit any required documentation.
The purpose of an online e-auction sale notice is to transparently communicate the details of an auction, attract potential bidders, and ensure that all parties are aware of the terms involved.
Key information to report includes the auction date, time, location, item descriptions, bidding process guidelines, and any fees or terms associated with the auction.
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