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We hereby agreed that: 1. We have read, examined, understood and signed, the terms and conditions of the auction as mention in auction document and we are binding on the same; 2. We offer to bid in conformity with auction/Tender Document; 3. Our submitted bid shall be binding upon us; 4. We agreed that auctioneer is not bound to accept highest bid in case of forward auction or lowest bid in case of reverse auction; 5. Auctioneer has right to cancel auction at any moment without prior intimation and we shall be bound on the same; 6. Weshall not have any rights against the auctioneer/LTSPL in case failure of internet connection except as mentioned in the terms of auction documents. 7. As bidding in e-auction is time sensitive process. Please don't wait for auction to end If any technical issue is faced by the bidder during e-auction process. Kindly, Contact our technical department to solve the issue. 8. Extension of five (or such duration as determined by the Auctioneer, e.g., 5, 10, 15 minutes, or any other period) minute is provided on the condition that Bid is received when less than 5 (or such duration as determined by the Auctioneer, e.g., 5, 10, 15 minutes, or any other period) minute is remaining for e-auction end time. If such circumstances arises, Kindly keep refreshing every second during those remaining five (or such duration as determined by the Auctioneer, e.g., 5, 10, 15 minutes, or any other period) minutes to update the bidding status. 9. Still Liquidator/ Auctioneer has right to accept or cancel or extend or modify etc... any terms and condition of E-auction. Liquidator/ Auctioneer can cancel any item of E-auction at any time. Liquidator/ Auctioneer has right to reject any of the bid without giving any reason, As LINKSTAR TECH SOLUTIONS PRIVATE LIMITED is a E-auction platform service provider. 10. Participation in Live E-auction through cell phone will not allow also cell phone internet connectivity attached to Laptop/Desktop will not allow. |