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This document outlines the process for the e-auction of sale of assets belonging to Lanco Vidarbha Thermal Power Limited under liquidation as per the Insolvency and Bankruptcy Code, 2016.
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How to fill out e-auction process information document

01
Start by gathering all necessary information about the auction items.
02
Fill in the auction title and description, providing a clear overview of what is being auctioned.
03
Specify the auction start and end dates along with the bidding time increments.
04
Include terms and conditions for bidders, including payment methods and any fees.
05
List the contact information for inquiries or assistance regarding the auction.
06
Review all entered information for accuracy before submission.
07
Submit the completed document as per the e-auction platform guidelines.

Who needs e-auction process information document?

01
Auction organizers who need to provide details for the auction process.
02
Bidders who require clear information on how the auction will operate.
03
Regulatory bodies needing compliance details related to the auction process.
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The e-auction process information document is a formal record that outlines the procedures, rules, and requirements specific to the electronic auction process. It serves as a guide for participants on how the e-auction will be conducted.
Typically, the entity organizing the e-auction, such as a government agency or a private company, is required to file the e-auction process information document. Participants must also adhere to the guidelines set forth in the document.
To fill out the e-auction process information document, the organizer must provide clear and detailed information regarding the auction's terms, requirements for participation, bidding procedures, and any relevant deadlines. It should be filled out accurately and submitted according to the specified guidelines.
The purpose of the e-auction process information document is to ensure transparency, fairness, and clarity in the auction process. It helps inform potential bidders about the requirements and operations of the auction, aiding in their preparation and participation.
The information required on the e-auction process information document typically includes auction details such as the auction date, registration process, bidding guidelines, eligibility criteria, evaluation criteria, and any terms and conditions specific to the auction.
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