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M/s Easy Bid Solutions Pvt Ltd

We feel privileged to introduce ourselves as a E-Auction/ e-commerce service provider mandated by the seller/buyer to facilitate virtual auction by the seller/buyer.

Easy Bid Solutions Pvt Ltd, a Private Limited company, has setup an e-Auction portal for sale of assets of Banks and Financial Institutions. A Purchasing-Entity can register on our e-Procurement/ e-Auction portal, www.easybidsolutions.com, for conducting ‘online’ their ‘Sealed-Bid tendering processes’ in the most Secure and Transparent manner, for the properties put on sale by various Banks and Financial Institutions.

About our Group Company:

Our group company, M/s Bretton Woods Finlease Ltd, is an ISO: 9001 certified public limited Company having registered and corporate office at 1681/36, Naiwala, Karol Bagh, New Delhi-110005. M/s Bretton Woods Finlease Ltd Company was incorporated in 1992 under Companies Act 1956. M/s Bretton Woods Finlease Ltd is the fastest growing, most effective and the largest company in north India working in the field of critical processes outsourcing i.e. Asset Management, Resolution of NPAs, Service Providers etc

The directors of M/s Bretton Woods Finlease Ltd have acquired a special knowledge of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002. They have handled more than 2000 cases of Enforcement and recovered around Rs. 7000 Crores for various Banks, under the SARFAESI Act 2002.

We are pleased to intimate you that M/s Bretton Woods Finlease Ltd has been empanelled as an Asset Manager/Service Provider/ Enforcement agent under the SARFAESI Act 2002, by the below mentioned Banks.

Online Bidding

Time Extension – If any market-leading bid (bid higher/lower than the highest/lowest at the point in time) is received in the last three minutes (Time Extension as mentioned in the bidding room will apply and three minutes is only an example) of closing time, the closing time will be extended automatically by three minutes.

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 modify or withdraw the bid for whatever reason. The highest/lowest and the latest bid on the auction 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 auto bid, the manual bid will prevail and be considered.

Force Majeure

Easy Bid Solutions Pvt Ltd shall not be liable for any failure or delay in performance due to any cause beyond its control including fire, strike, go-slow, lock-out, closure, theft, dislocation of normal working conditions, internet or network non-availability, accident, war, riots, civil commotion, political upheaval, epidemics, break-down of machinery, any terrorist activity, any natural calamity, adverse weather or climatic condition, or any other causes or conditions beyond the control of Easy Bid Solutions Pvt Ltd, whether directly due to or in consequence of the aforesaid causes and the existence of such causes or consequences shall operate to extend the time of performance till the cause of delay shall have ceased to exist.

Disclaimer

Easy Bid Solutions Pvt Ltd runs its business on the basis of a robust Web Site. Easy Bid Solutions Pvt Ltd is outsourcing server space from a third party hosting company and hence shall ensure the smooth running in all good faith and intention. However Easy Bid Solutions Pvt Ltd 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 Easy Bid Solutions Pvt Ltd directly or indirectly affecting online method of Bidding.

Easy Bid Solutions Pvt Ltd takes no responsibility of the quality, quantity, documentation details of buyers/sellers. Both the buyers & sellers agree to defend indemnity and hold harmless. Easy Bid Solutions Pvt Ltd from any loss, damage, cost and expenses caused by any reason during the transactions on the website. In no event shall Easy Bid Solutions Pvt Ltd be liable for any loss for the transactors 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 the transactions and have understood in full that Easy Bid Solutions Pvt Ltd 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 Easy Bid Solutions Pvt Ltd does not possess knowledge base of the assets under transaction both the parties agree that the matter contained in the assets as a part or as a whole does not violate any applicable law. Easy Bid Solutions Pvt Ltd 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/Buyer and the Bidder.

The Seller/Bidder agrees to limit the liability of Easy Bid Solutions Pvt Ltd 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 Easy Bid Solutions Pvt Ltd to the Seller/Bidder shall not exceed it's 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.

Bidders/Seller may note that any payments by DD or cheque or any other means towards EMD/Security Deposit or other purposes received by Easy Bid Solutions Pvt Ltd on behalf of Seller/Bidder shall be handled in good faith and intention. However Easy Bid Solutions Pvt Ltd shall not be responsible for the loss of the 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.

Prayer

In view of above it is prayed that if we are given an opportunity to work with your esteemed organization for providing E- Bidding solutions for sale of assets possessed by under the SARFAESI Act 2002, then we assure you that we will provide you the best possible results.

Regards
Authorised Signatory
M/s Easy Bid Solutions Pvt Ltd
1681/36, H. S. Nalwa Street, Karol Bagh, New Delhi-110005
Ph: 09811071716