valuejunction a business unit of mjunction services limited is pleased to be selected by M/s Tata Teleservices limited for conduct online auctions for disposal of their Surplus & Obsolete assets. All these assets given below will be sold on “As is where is” and “No Complaint basis”. All our valued customers are requested to peruse the participation terms, payment terms , lifting terms and other terms and conditions given below before participating. It is assumed that all our customers are aware about the terms and conditions before placing a bid in the auction. We thank you in advance for your kind cooperation and participation.
Registration : All our new customers are requested to register themselves in the website www.valuejunction.in or get in touch with Mr Rajat Dhall – 09231023610 /Mr Sourav De -09231065970
DD/P.O/Bankers’ Cheque of Rs 25,000(Twenty Five Thousand Rupees) in favour of “mjunction services limited” payable at
Security Deposit: 5% of the quoted lot value to be deposited within three(3) working days from the date of issue of bid acceptance letter to M/s Tata Teleservices Ltd ware house.
Payment Terms: Balance payment to be deposited to M/s Tata Teleservices Ltd within ten(10) working days from the date of issue of bid acceptance letter.
ALWAYS ENSURE TO KEEP THEIR E-MAIL ADDRESS VALID FAILING WHICH THEY WILL BE IN TROUBLE DUE TO NON-RECEIPT OF E- MAIL FROM mjunction services ltd. IT IS THE RESPONSIBILITY OF THE CUSTOMER TO VERIFY THE STATUS OF THEIR BIDS AND CHECK THEIR E-MIALS TO PAY THE SECURITY DEPOSIT AS PER THIS TERMS AND CONDITIONS
Each lot put up for auction shall be deemed to the subject of a separate contract of sale.
Arbitration Clause: Dispute or differences arising out or relating to this Agreement shall be resolved amicably by the parties. Failing such amicable resolution of dispute / differences either party may refer the matter to arbitration of a Sole Arbitrator to be appointed by the Managing Director of mjunction services limited (for issues relating to mjunction) or by Tata Teleservices Ltd (for issues pertaining to TTSL ). The award of the Arbitrator shall be final, binding and conclusive on the parties. The venue for arbitration shall be Kolkata (for issues relating to mjunction) or Mumbai (for issues pertaining to TTSL). The Arbitration proceedings will be governed and regulated by the provisions of Indian Arbitration and conciliation Act, 1996 and the rules framed there under. The Court at Calcutta/Mumbai shall have exclusive jurisdiction. Governing Law: This Agreement is construed and shall be governed in accordance with the laws of India without giving
effect to any principle of conflict of law.
Applicable Taxes & Duties: The bids are to be placed exclusive of taxes and duties. Applicable taxes and duties are indicated against each lot in the material list. In case of any changes in the taxation laws by the Government, the taxes and duties prevailing on date of dispatch will be applicable.
Lifting Terms: Customers will be allowed to start lifting after the complete payment against each lot (including taxes & duties).Lifting will be under the direction of concerned ware house in charge of M/s Tata Teleservices Ltd.
Bid Validity : The bids quoted in on line auction will be valid for a period of 10 working days from the date of closure of the
: Non payment of security deposit will result in
forfeiture of pre bid deposit. Non payment of material value will result in forfeiture of Security Deposit.
Extension in Payment & Lifting Time: Customers willing to avail of the same will have to take prior approval from the concerned authorities on the same. Such extensions will be allowed subject to payment of late fees @ ½% per day of the outstanding amount for the period of delay. The maximum extension allowed for such cases will be limited to a maximum period of seven (7) working days from the last date of payment/lifting.
Customers MUST BE EXTREMELY CAREFUL TO AVOID ANY WRONG BIDDING (WHETHER TYPOGRAPHICAL OR OTHERWISE) THEY MUST CHECK AND RECTIFY THEIR BID (IF REQUIRED) BEFORE SUBMITTING THEIR BID IN THE LIVE E-AUCTION FLOOR BY CLICK BID BUTTON. THERE IS NO PROVISION FOR PUTTING BIDS IN DECIMALS. THE CUSTOMERS SHALL BE SOLELY RESPONSIBLE FOR ALL CONSEQUENCES ARISING OUT OF THE BID SUBMITTED BY HIM (INCLUDING ANY WRONGFUL BID BY HIM) CUSTOMERS MUST
Pollution Norms:Please note that according to the notification file no.23.11/94 part iii dated 3.2.2000 issued by Ministry of Environment & Forests, Government of India, New Delhi, old & used ferrous/non-ferrous metal scrap, lead acid battery scrap, used oil can only be purchased by actual users enlisted with ministry of environment & forests (MOEF). In addition, bidders who are actual users can bid for the above items
provided they documents:
valid license to process waste/scrap
valid consents under air and water act
valid authorisation under hazardous
technology for disposal facility
approved by the state pollution control board/central pollution control board
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