"In our e-Auctions, SUCCESS Speaks louder ......................

"

CLIENT:

ZENVISTA POLYMERS

Corporate Office:

Khet no 23, Khatoni No 152,

Kashipur Road, Tehsil-Gadapur,
Mahtosh, Udham Singh Nagar,
Uttarakhand, 263152, India

Online Auction Platform & Support Service

Provide By:

Global e-Auction (P) Limited

Corporate Office:

S-10, Star City, District Centre,

Mayur Vihar Phase-I (Ext.)
New Delhi-110091

Global e-Auction is an authorized e- auction service provider for ZENVISTA POLYMERS. (Seller) to
obtain rates online through its portal www.globaleauction.com . The sale and purchaseare directly
made by the Seller and buyer/s (Bidder/s).

ZENVISTA POLYMERS will sell Regular Scrap Items through Online Auction subject toterms and
conditions annexed hereto and as per the general terms & conditions of ZENVISTA
POLYMERS and as per schedule of program given below

SCHEDULE TABLE

DATE: 06th May 2024 to 27th May 2024

(Excluding Saturday-Sunday & Holiday)
Inspection of Materials
TIME: 10 .00 A.M to 05.00 P.M

"Global e-Auction --- A team of professionals as pioneers of e-auctions since 2000"

 "In our e-Auctions, SUCCESS Speaks louder ...................... "

ZENVISTA POLYMERS

Address
Venue for Inspection
Khet no 23, Khatoni No 152, Kashipur Road, Tehsil-Gadapur,
Mahtosh, Udham Singh Nagar, Uttarakhand,
263152

On –line Auction Date &Time

DATE: 28th May 2024 at 2:00 PM

DATE: 27th May 2024 Till 12:00 PM

Last Date to receive EMD

EMD as per details given in the auction list DD should be drawn in

EMD Details favor of “ZENVISTA POLYMERS” payable at Uttarakhand & to be
Submitted at the location mentioned below

CATALOGUE FOR E-AUCTION

Annexure-A
Item Specification
Auction List

Ernest Money
Lot Auction Auction Item Lifting Deposit(RS.)
No. Date Time Description Quantity Period

Within 30
30 Ton daysAfter
1 28-05-2024 2:00PM To PVC Farra, Mix Rs 10,000
(Approx) Getting
2:40PM Plastic Scrap, PET Approval by
Scrap Zenvista
Polymers
"In our e-Auctions, SUCCESS Speaks louder ...................... "
"In our e-Auctions, SUCCESS Speaks louder ...................... "
 "In our e-Auctions, SUCCESS Speaks louder ...................... "

CONTACT DETAILS

Global E-Auction

Upninder Singh 9911947045

[email protected]

FA Number Reference
Contact Person
at Work
Item Description As per annexure A Annexure-A

EMD Amount Mentioned in the Auction List Above

Global e-Auction ZENVISTA POLYMERS

Corporate Office:
Corporate Office:
EMD submission Khet no 23, Khatoni No 152,
Place S-10, Star City Mall, District Kashipur Road, Tehsil-Gadapur,
Centre, Mahtosh, Udham Singh Nagar,
Mayur Vihar Phase-I (Extn.) Uttarakhand, 263152
New Delhi-110092
Last date of
Submission 27th May 2024 Till 12:00 PM
(EMD)

Auction Date 28th May 2024 at 2:00 PM

Bidding Basis
Basic price of the scrap material. Applicable GST will be
extra.
Validity of Price
30 days from the date of Auction.
Bid
 "In our e-Auctions, SUCCESS Speaks louder ...................... "

TERMS & CONDITIONS OF THE ONLINE AUCTION

SAFETY CLAUSE: “Persons, who will enter ZENVISTA POLYMERS factory premises for Collection & lifting of scrap
materials etc., should be protected by the Buyers against any accident by use of Personal Protective Equipment and
“ESI/Insurance coverage”. ZENVISTA POLYMERS will
not be held responsible for any accident during lifting of material by Buyers in the factory premises.

Definitions

SELLER: -Seller referred in this catalogue, is ZENVISTA POLYMERS

SERVICE PROVIDER: Global e-Auction (hereinafter referred to as “GEA) is an ecommerce

service provider appointed by the seller to facilitate virtual auction by the seller. GEAPL will
only facilitate online auction and are considered as third party not particularly interested in the
item/s being sold on behalf of seller.

BIDDER – Any person - as an individual OR a proprietor OR a partner OR an authorized

representative of any company OR any legal entity and who is paying the requisite EMD and

• Incase H1 party in FA is not accepted by the client then Client can place order to H2 or H3 party on its
quoted rate and it will be binding on the party

1.0-GENERAL TERMS & CONDITIONS

1.1- Subject to the reserve price, if any, fixed by the SELLER and subject to the terms and
conditions set out herein, sale shall be made to the HIGHEST BIDDER on “AS IS WHERE
IS BASIS” and “NO COMPLAINT BASIS.” The Seller does not undertake any
responsibility to procure any permission/license etc. in respect of the auction property offered
for sale.

1.2- SELLER reserves the right to modify and amend the terms & conditions and announce the
same at any time before the entire auction concludes. Announcements during the auction in the
auction room on the website and changes made in the catalogue including start price, bid
increment/decrement, extension of time for lots where received bids / no bids are received, and
any other additional conditions OR correction in the catalogue and/or additions or deletions of
items being offered for sale are being done with the consent and knowledge of the seller, and
it is binding on the bidder. Bidders are advised in their own interest not to leave the auction
room till the entire auction is closed.

1.3- Participation and bidding in this Auction shall be treated as conclusive evidence of the fact
that the bidder has inspected the Auction Property and the documents pertaining to it and is
satisfied in all respects regarding quantity, quality, condition of the Auction property, taxes and
duties, and other extraneous factors and the Principle of Caveat Emptor (let the buyer beware)
will apply. It shall also imply that the bidder has carefully gone through and understood the
terms and conditions of Auction including the amendments if any, prevailing at the time of

Auction. Seller/GEAPL will not entertain any complaints or objections once Bid is placed.

1.4- Seller./GEAPL does not give warranty or guarantee of the quality, quantity, measurement,
condition Chemical composition of each individual item/s or lot/s that form the auction property
and about its “End Use” or fitness for a particular purpose.
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1.5- The highest bidder does not get any right to demand acceptance of his offer. SELLER
reserves the right to accept/ reject/ cancel any bid, withdraw any portion of the Auction property
at any stage from Auction even after acceptance of bid/ issue of delivery order or release order/
deposit of full value by successful bidder without assigning any reason thereof. In the event of
such rejection/ cancellation/ withdrawal, SELLER, shall refund the value of Auction Property,
if paid for, to the successful bidder. SELLER shall not be responsible for any damages/loss
whatsoever to the successful bidder on account of such withdrawal.

1.6- EMD amount will not carry interest.

1.7- In the event of failure on the part of the successful bidder to fulfill his contractual
obligations, seller / GEAPL reserves the right to debar such bidder from participating in any
future auction conducted by GEAPL on behalf of seller.

Disclaimer –

1- GEAPL runs its business on the basis of a robust Web Site. However, GEAPL is outsourcing
server space from a third-party hosting company and hence shall ensure the smooth running in
all good faith and intention. However, GEAPL will not be held responsible for any failure of
power, Network, server, hosting server, Internet connectivity, ISP or otherwise at Bidder's end
or at GEAPL directly or indirectly affecting online method of Bidding.

2- GEAPLtakes no responsibility of the quality, quantity, documentation details of

buyers/sellers. Both the buyers & sellers agree to defend, indemnify and hold harmless. GEAPL
from any loss, damage, cost and expenses caused by any reason during this transaction. In no
event shall GEAPL be liable for any loss for the transacts by business, revenues, profit, costs
direct and incidental, consequential or punitive damages of any claim. Both the parties agree to
have discussed all the related matter regarding this transaction and have understood in full that
GEAPL has provided a source of supply and has nothing to do any further especially with
regards to quality, warranty, guarantees, delivery schedules, payments, rejections,
transportation, legal laws and regulations to be followed from time to time etc. Since GEAPL
does not possess knowledge base of the commodities under transaction both the parties agree
that the matter contained in the materials as a part or as a whole does not violate any applicable
law. GEAPL is only an e-commerce service provider, and is not and cannot be a party to or
control in any manner any transactions between the Seller and Bidder. GEAPL shall neither be
responsible nor liable to mediate or resolve any disputes or disagreements between the Seller
and Bidder.

3- The Seller/Bidder agrees to limit the liability of GEAPL to them for any and all claims,
losses, costs, damages of any nature whatsoever or claims expenses from any cause or causes,
including attorneys’ fees and costs, so that the total aggregate liability of GEAPL to the
Seller/Bidder shall not exceed its total fee receivable from the Seller/Bidder. It is intended that
this limitation apply to any and all liability or cause of action however alleged or arising, unless
otherwise prohibited by law.

2.0- PARTICIPATION

2.1-ZENVISTA POLYMERS Reserves Right of participation in online auction.

 "In our e-Auctions, SUCCESS Speaks louder ...................... "
2.2-Bidders/Seller may note that any payments by DD or cheque or any other means towards
EMD/Security Deposit or other purposes received by GEAPL on behalf of Seller/Bidder shall

be handled in good faith and intention. However GEAPL shall not be responsible for the loss
of DD/ Cheque from its custody due to reasons beyond its control such as fire, theft, burglary,

loss in transit, accident, war, riots, civil commotion, any terrorist activity, any natural calamity,
adverse weather and climatic conditions etc.

2.3- Bidders must mention PAN No. on Acceptance Form, failing which bid can’t be accepted.

2.4- The prospective bidders have to register with GEAPL by submitting the Membership
Registration form duly filled and signed along with self-attested copies of their PAN Card, valid
VAT registration certificate (if available), and address proof by way of electricity bill, or
telephone bill, or Bank account statement for the last six months. The Membership Registration
form along with the prescribed documents shall be submitted to GEA. The Prospective Bidders,
who have submitted the Membership Registration form along with the prescribed documents to
GEAPL once, need not submit the same again. The prospective bidders after completing the
registration process as above shall have to deposit Earnest Money Deposit (EMD) for each lot
separately or for all lots as prescribed. (Refer Details of Auction Property for Lot-wise EMD)
by Demand Draft / Pay Order on any Scheduled / Nationalized Bank /Scheduled Co-operative
Banks (as prescribed by the Seller) Drawn in favor of “ZENVISTA POLYMERS.” It has to
be submitted directly to any office of GEAPL (see details of GEA’s Offices in
www.globaleauction.com). CASH WILL NOT BE ACCEPTED.

2.5- On completion of the registration process and payment of prescribed EMD as outlined in
2.4 above, seller/GEAPL will activate the User – Identity to enter into Website
www.globaleauction.com.,

2.6- Bidders SHOULD NOT disclose their PASSWORD to anyone and safeguard its secrecy.
Bidders are advised to change the Password.

3.0- CONDITIONS APPLICABLE TO “ONLINE” AUCTION METHOD OF BIDDING

3.1- Validity: The Online auction bidders and Tender bidders must keep their bids valid for a
period of 30 calendar days from the date of closing of e-Auction excluding the date of closing.
In case the 30th day falls on a holiday or remains closed for the seller, such Bids will be deemed
to be automatically extended to be valid up to the next working day of seller.

3.2-Time Extension: If any market-leading bid (bid higher than the highest at the point in
time) is received within the last 3 minutes (“Time Extension” as mentioned in the Bidding
Room will be in force & 3 Minutes is an example) of closing time, the time will be extended
automatically by 3 minutes.

3.3- Training: GEAPL will provide training (online) if required by the bidders at a mutually
convenient date and time before the Auction.

3.4- Bids: All bids placed are legally valid bids and are to be considered as bids from the bidder
himself. Once the bid is placed, the Bidders cannot reduce or withdraw the bid for whatever
reason. If done so, the seller will forfeit the EMD. The highest and the latest bid on the Auction
 "In our e-Auctions, SUCCESS Speaks louder ...................... "
shall supersede all the previous bids of the bidder. Bidders may please note that in the event of
a manual bid amount matching that of an auto bid, the manual bid will prevail and be
considered. The bidder with the highest offer/ bid does not get any right to demand acceptance
of his Bid.

4.0- Contract Validity – The contract is valid 30 days from the date of Online Auction.

5.0- Payment

5.1-All payments shall be made in the form of Demand Draft/Pay order issued by any Scheduled
/ Nationalized Bank /Scheduled Co-operative Banks in favour of “ZENVISTA
POLYMERS

5.2- In case of failure to do so, it will be construed that the buyer is not interested in the purchase
and EMD will stand forfeited

6.- Taxes, Duties & Levies

6.1- All taxes, GST, duties on sale as levied by Central/State Govt./ Statutory Bodies/Municipal
Authorities etc. as applicable shall be borne by and paid by the buyer.

6.2- If the buyer claims any exemption/concession under any State Sales Tax Act or under the
Central Sales Tax Act or any other enactment, such buyer shall be required to furnish their
registration number and/or declaration in appropriate Forms before lifting of material.

6.3- Exemption, concessions shall be admissible subject to the prescribed forms furnished by
the successful bidder/s being acceptable to the appropriate Sales Tax and other concerned
authorities as the case may be.

6.4- Sales declaration forms for availing concessional Sales Tax are to be furnished in advance.
In the absence of the required declaration forms, sales tax at the full rate will be charged.

6.5- Income tax (TCS) as applicable shall be deducted at source. Party may submit self-
declaration forms (27C) or “NIL” tax certificate from IT department for exemption.

7.0- Description of Materials & Quality and Quantity

7.1- Numbers, quantities or tonnage or natures of materials given in the catalogue are
approximate and the materials will be sold without any regard or consideration of these
numbers/tonnage or nature of materials and no Warranty or guarantee shall be implied.

7.2- The quantity indicated in the list is only an estimate for calculating amount of deposits
required to be paid by the bidder and has nothing to do with the quantity of material that may
be available. The quantity of material may vary considerably. However, since the paramount
interest of the company is to get the area cleared, the successful bidder will have to remove the
entire quantity whether these are far beyond the limit of approximation indicated or much less
than the approximation indicated within prescribed time.
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7.3- The description given in the enclosed list is in brief. Offers by the bidders will be deemed
to have been made on the understanding that intending bidders have satisfied themselves fully
in regards to the nature, condition, quality of goods upon an inspection or otherwise. No error,
omission or Mis–statement or Mis-description whatsoever and howsoever made or published

whether in advertisement or list or otherwise and no defects or faults in the goods shall
invalidate the contract or be subject matter of any claim on the part of the bidder whether in
compensation or otherwise nor will any such claim be entertained by the Seller.

7.4- The Seller shall be under no obligation to put the lots singly or serially or in any other
particular manner and the Seller reserves the right at its discretion to withdraw any lot at any
time during the auction without assigning any reason thereof. The Seller may refuse to accept
any bid from any person/persons without assigning any reason for such refusal.

7.5- If any other metal is found in lot while effecting delivery, the same shall be treated as
Seller’s property. The successful bidder shall not lift from the lots any such pieces and shall
have no claim to the same or ask for any compensation on account thereof. For more details
please read the mode of dispatches carefully.

8.0-DELIVERY

8.1- On receipt of full Sale Value along with applicable ED/VAT/ Sales Tax/TCS & other
Charges by the Seller, the Seller will issue final Sale/ Delivery / Release Order to the Buyer
thereby enabling him to lift the materials within lifting period mentioned in the catalogue.

8.2- Lifting of materials will be allowed only between 9:00 A.M. to 04:00 P.M. on all working
days. Successful bidders should ensure that the material clearance is as per the seller’s
instructions. Neat and clean maintenance of the stockyard from where the material is lifted is
the responsibility of the successful bidder. In the event of non-adherence to the above by the
successful bidder, seller will reserve its rights to impose penalties/forfeiture of EMD and other
payments collected. Weight recorded at the seller’s premises shall prevail.

8.3- In case seller is unable to deliver the goods within the specified time due to unforeseen
administrative reasons, then the seller shall grant suitable extension of delivery period to the
Buyer without any penalties till the expiry of such extended period. In such eventuality,
however, the Buyer shall not be entitled to claim any compensation for such delay.

8.4- If the goods sold or portion thereof remain un-cleared in the premises of the seller beyond
the stipulated period, the sales proceeds of the un-lifted assets shall be forfeited and the un-
lifted portion of the assets may be removed at the risk and cost of the buyer.

8.5- While taking delivery of the material, it will be at the discretion of the seller or its
authorized representative to direct the manner / order in which the materials or lots shall be
removed. No segregation of the items of any lot is allowed inside the seller’s premises.

8.6- Breaking/ cutting may be allowed to the extent necessary for facilitating loading into
vehicles as per the discretion of the seller. No gas cutting Equipment’s or any equipment, which
are likely to cause damage, will be allowed in the premises. Only safe oxy-acetylene gas cutting
equipment will be allowed with permission of seller. The decision of the seller or his authorized
representative shall be final in this regard.

8.7- The buyer shall arrange for all tools and tackles, forklifts and hoists or cranes or labor at
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their own expenses.

8.8- It will be successful purchaser’s responsibility to weigh the empty Truck at the
weighbridge and produce the weight certificate so that the weight of the empty truck will be
deducted from the weight of the fully loaded truck.

8.9- Should the original purchaser wish to take delivery of the surplus material through a
representative, he must authorize the latter by a letter of authority or continuing authority, which
shall be presented to the seller. The seller may in his entire discretion decline to act on any such
authority and it shall be for the purchaser to satisfy the seller that the authority is genuine.
Delivery to such authorized person will constitute valid delivery and no claim shall lie against
the seller on any account thereafter

8.10- Once the goods / materials are taken out of the factory gate, purchaser will be solely
responsible for all sorts of claims like shortage, missing parts, damage, incident, accident, loss
of material etc.

8.11- Resale will not be recognized. The purchaser shall not be entitled to resell any lot or part
of a lot while goods are still lying within the premises of the seller and no delivery would be
affected by the seller to any person other than the Purchaser whose names are mentioned in the
sale order/Delivery order.
8.12- Purchaser and his men are subject to the security rule of seller in force while in the seller’s
premises. The purchaser/s, their workmen agents or representatives shall not commit any
nuisance, theft or indulge in any antisocial activities in the seller’s premises and the purchaser
shall be liable for the good conduct, safety & discipline of his workmen. In case of any such
activity, delivery will be suspended and strict action as per law will be taken including forfeiture
of EMD.

8.13- While taking delivery of the material, the Purchasers shall be responsible for any damage
that may be done to premises / fittings of the SELLER in the course of removing the lot or lots
purchased by them. The SELLER may at its option arrange to make good such damages and
the purchaser shall pay for the same on demand. If such payment is not made on demand, the
SELLER may forfeit the EMD/Security Deposit or may stop delivery of the material till
payment is made.

8.14. Governing Law and Jurisdiction

Any disputes with Global E-Auction are resolved in the manner as prescribed herein below
Arbitration, Governing Law & Jurisdiction.

9. Arbitration-

Dispute or differences arising out or relating to this Undertaking /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 Global E-Auction Private Limited. The Arbitration proceedings shall
be governed and regulated by the provisions of Indian Arbitration and Conciliation Act, 1996
and the rules framed there under along with amendment made thereto up-to-date. The award
of the Arbitrator shall be final, binding and conclusive on the parties. The venue for
 "In our e-Auctions, SUCCESS Speaks louder ...................... "
arbitration shall be at Delhi.

9.1 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.

9.2 Jurisdiction
The Courts at Delhi shall have exclusive jurisdiction