Waste Junction functions as the authorized e-commerce service provider for [Seller], offering a dedicated online
portal at www.wastejunction.com. Through this platform, [Seller] facilitates the sale of [Item Name] located in
[Location]. The entire transaction process, from bidding to purchase, is conducted directly between the Seller and
the participating Buyers/Bidders. The terms and conditions governing this online auction are outlined in the
document annexed hereto, and the schedule of the program is provided below for reference.
SCHEDULE OF AUCTION PROGRAME
AUCTION ID
WASTE.IDBI10WASTE537
DATE & TIME OF AUCTION
27th March 2024
OPENING TIME 03:00 pm TO 03:15 pm
DETAILS OF EMD
RS. 1599900.00 PAYABLE TO WASTE JUNCTION
LAST DATE OF EMD SUBMISSION TILL
27th March 2024 ON OR BEFORE 03:15 pm
PAYABLE AT
Account name- WASTE JUNCTION
AC.N. -2302231354909290
IFC CODE.- AUBL0002313
BANK NAME - AU SMALL FINANCE BANK
INSPECTION DETAILS
VANUEOF INSPECTION: -
Ashish AR S/o Raveendran, Kandathil House, Kattappana Kattappana P O, Idukki Kerala – 685508 , Bengaluru, Karnataka
DATE OF INSPECTION: -
27th March 2024
(Inspection should be on Prior Appointment basis)
VALIDITY
15 DAYS
Arbitration
Mumbai, Maharashtra,
SELLER
AUCTION CONDUCTED BY
IDBI BANK LIMITED
Bengaluru, Karnataka
WASTE JUNCTION
Princess Residency Plaza
Indore (MP)
EXPERT E-AUCTION AND SUPPORT SERVICES PROVIDED BY WASTE JUNCTION
ENTIAL
CONSIDERATIONS FOR PARTICIPATING IN THE AUCTION
ESSENTIAL CONSIDERATIONS FOR PARTICIPATING IN THE AUCTION
ESSENTIAL CONSIDERATIONS FOR PARTICIPATING IN THE AUCTION
CONTACT DETAILS
CONTACT PERSON
REGISTER OFFICE
WASTE JUNCTION
PRINCESS RESIDENCY PLAZA
INDORE (MP)
NAME
CONTACT NO
Shashi
6262122229
SR
NO
MATERIAL DESCRIPTION
UOM
APPROX. TOTAL
WEIGHT / QTY
APPLICABLE
TAX DETAILS
+ 1% TCS
EMD
VALUE
RS.
1
Immovable Property
1. All that piece and parcel of immovable property admeasuring 4.60 areas of land Comprised in Sy No.137/23 situated at Kattappana Village, Idukki Taluk, Idukki District, in the state of Kerala Owned by Shri Ashish A R and bounded as follows. East by Property of Komalam and Shajahan West by Property of Joseph Vettathu North by Private Road South by Property of Komalam and Ashish A R 2. All that piece and parcel of immovable property admeasuring 7.10 ares of land Comprised in Sy No.141/8 situated at Kattappana Village, Idukki Taluk, Idukki District, in the state of Kerala Owned by Shri Aswin A R and bounded East by Property of Shajahan West by Property of Joseph Vettathu North by Property of Komalam and Ashish A R South by Canal 3.All that piece and parcel of immovable property admeasuring 0.50 ares of land Comprised in Sy No.137/16 situated at Kattappana Village, Idukki Taluk, Idukki District, in the state of Kerala Owned by Smt
Sq. Yard
4.60
NILL
1599900.00
MATERIAL DETAIL
• IN CASE OF ANY DEVIATION FROM THE H1 BIDDER OR FAILURE TO HONOR THE BID, THE PARTICIPATING
EMD AND SECURITY DEPOSIT AMOUNT WILL BE FORFEITED.
• RESPONSIBILITY FOR MANPOWER COMPLIANCES SUCH AS SAFETY AND WORKERS' COMPENSATION POLICY
WILL BE WITHIN THE PARTY'S PURVIEW.
• YOUR BID SHOULD BE FOR THE BASE PRICE ONLY, AND ADDITIONAL TAXES WILL BE CHARGED AS
APPLICABLE.
• ALL THE MATERIAL IS OFFERED ON ‘NO CLAIM/COMPLAINT BASIS’. THE MENTIONED QUANTITIES ARE
MERELY INDICATIVE AND MAY DIFFER FROM THE ACTUAL QUANTITIES.
• IF THE PARTY IS NOT ABLE TO SUBMIT PAYMENT WITHIN THE SPECIFIED TIMEFRAME, HIS ACCOUNT WILL
BE BLOCKED & EMD WILL BE FORFEITED. HE WILL BE INELIGIBLE TO TAKE PART IN SUBSEQUENT AUCTIONS.
• MATERIAL IS SOLD ON “AS IS WHERE IS BASIS” BUYERS NEED TO INSPECT THE SCRAP/MATERIAL
THOROUGHLY & SATISFY THEMSELVES ABOUT THE NATURE & PROPERTIES OF THE ITEM. NO COMPLAINT
WILL BE ENTERTAINED REGARDING THE QUALITY TYPE OF THESE MATERIALS. THE MATERIAL ONCE SOLD
WILL NOT BE TAKEN BACK IN ANY CIRCUMSTANCES.
• THE SCRAP DEALER IS REQUIRED TO MAKE AN ADVANCE PAYMENT THROUGH RTGS/NEFT FOR THE
ESTIMATED SCRAP QUANTITY BEFORE THE DEPLOYMENT OF THE VEHICLE. THE BALANCE PAYMENT MUST
BE DEPOSITED BEFORE THE RELEASE OF THE VEHICLE IF THE ACTUAL QUANTITY EXCEEDS THE ESTIMATED
AMOUNT. BILLING WILL BE BASED ON THE ACTUAL QUANTITY.
WELCOME TO [email protected] WEBSITE (HERE IN AFTER REFERRED TO AS "THE WEBSITE").
THE AUCTIONS AND RELATED SERVICES ARE PROVIDED BY SHANAYA SOLUTIONS (HERE IN AFTER REFERRED TO
AS "WASTE JUNCTION") ON THE WEBSITE.
WASTE JUNCTION IS AN E-COMMERCE SERVICE PROVIDER MANDATED BY THE SELLER/BUYER TO FACILITATE
VIRTUAL AUCTIONS BY THE SELLER/BUYER. THE WEBSITE IS AN ONLINE AUCTION PLATFORM, A VIRTUAL
MARKETPLACE/VENUE FOR SELLERS/BUYERS TO CONDUCT SALE/PURCHASE OF ASSETS, AND FOR BIDDERS TO
MAKE/PLACE BIDS/OFFERS ON SUCH ASSETS. WASTE JUNCTION IS CONSIDERED AS THIRD PARTY NOT
PARTICULARLY INTERESTED IN THE ITEM/S BEING SOLD/BOUGHT ON BEHALF OF THE SELLER/BUYER.
ESSENTIAL CONSIDERATIONS FOR PARTICIPATING IN THE AUCTION
GENERAL TERMS AND CONDITIONS
DEFINITIONS
1. SELLER/BUYER - SELLER/BUYER - SELLER/BUYER REFERRED TO IN THIS AGREEMENT IS ANY REAL INDIVIDUAL
OR LEGAL ENTITY WHO WISHES TO SELL/BUY HIS/HER/ITS ASSETS THROUGH INTERNET DRIVEN ONLINE
AUCTIONS ON THE WEBSITE AND WHO HAS MANDATED WASTE JUNCTION TO PROVIDE THE WEBSITE AND
OTHER RELATED SUPPORT SERVICES.
2. BIDDER - ANY LEGAL ENTITY WHO IS REGISTERED WITH WASTE JUNCTION AND WHO MAKES OR PLACES A
BID ON THE WEBSITE TO BUY/SELL THE ASSETS EITHER IN PART OR IN FULL IS CONSIDERED AS A BIDDER. AN
INDIVIDUAL CAN REPRESENT AS A BIDDER ON HIS OWN BEHALF AND ON BEHALF OF OTHER LEGAL ENTITIES,
PROVIDED HE REGISTERS WITH WASTE JUNCTION SEPARATELY IN THOSE CAPACITIES.A SUCCESSFUL BIDDER
IS THAT BIDDER IN WHOSE NAME THE SALE CERTIFICATE OR PURCHASE ORDER IS ISSUED BY THE
SELLER/BUYER.
3. PAID MEMBER - ANY BIDDER WHO PAYS THE ANNUAL MEMBERSHIP FEE AS PRESCRIBED BY WASTE
JUNCTION IS A PAID MEMBER.
4. USER - ANY LEGAL ENTITY WHO USES THE WEBSITE AND/OR THE RELATED SERVICES PROVIDED BY WASTE
JUNCTION IS CONSIDERED AS A USER.
5. AGREEMENT - THE TERMS AND CONDITIONS, TOGETHER WITH ANY ADDITIONAL TERMS AND CONDITIONS
SPECIFIC TO AN ONLINE AUCTION EVENT ON THE WEBSITE (WHICH CAN BE FOUND THROUGH ONE OR
MORE LINKS ON THE WEBSITE FOR THE AUCTION IN QUESTION) CONSTITUTE THE AGREEMENT.
6. ONLINE BIDDING EVENT - AN ONLINE BIDDING EVENT IS A PROCESS FOR PRICE DETERMINATION THROUGH
COMPETITIVE INTERACTION BETWEEN BIDDERS ON THE WEBSITE. ONLINE BIDDING EVENTS INITIATED BY
THE SELLER ARE KNOWN AS FORWARD AUCTIONS AND THOSE INITIATED BY THE BUYERS ARE KNOWN AS
REVERSE AUCTIONS.
7. ON ACCESSING THE WEBSITE OR USING THE SERVICES PROVIDED BY WASTE JUNCTION OR BY REGISTERING
EITHER AS A BUYER/ SELLER / USER YOU AGREE THAT YOU HAVE READ THE GENERAL TERMS AND
CONDITIONS, INCLUDING THE TERMS AND CONDITIONS SPECIFIC TO AN ONLINE AUCTION EVENT.
8. YOU ARE BOUND BY THESE TERMS AND CONDITIONS, INCLUDING THOSE SPECIFIC TO A PARTICULAR
ONLINE AUCTION EVENT
MODIFICATIONS TO WEBSITE, SERVICES AND TERMS AND CONDITIONS
WASTE JUNCTION RESERVES THE RIGHT TO MODIFY, AMEND, SUSPEND OR DISCONTINUE ANY ASPECT OF THE
SERVICES OR THE WEBSITE AT ANY TIME WITHOUT NOTICE.
WASTE JUNCTION RESERVES THE RIGHT TO AMEND ANY, OR ALL THE TERMS AND CONDITIONS WITHOUT
NOTICE AT ANY TIME AT ITS SOLE DISCRETION AND ANNOUNCE THE SAME ON THE WEBSITE. ACCESSING THE
WEBSITE AND/OR USING THE SERVICES SHALL CONSTITUTE ACCEPTANCE OF THE TERMS AND CONDITIONS
INCLUDING THE AMENDMENTS.
PASSWORD AND SECURITY
AFTER YOU REGISTER WITH WASTE JUNCTION ON THE WEBSITE, YOU WILL BE ALLOTTED A UNIQUE USER
IDENTIFICATION (USER ID) BY WASTE JUNCTION AND YOU WILL BE PROMPTED TO ENTER A PASSWORD. THIS
IS THE LOG IN PASSWORD. THE PASSWORD IS A STRING OF CHARACTERS (COMBINATION OF ALPHA, NUMERIC
& SPECIAL CHARACTERS) USED TO AUTHENTICATE YOUR IDENTITY AND PROVIDE ACCESS TO VARIOUS
RESOURCES ON THE WEBSITE. THE LENGTH OF YOUR LOG IN PASSWORD MUST BE A MINIMUM OF EIGHT
CHARACTERS AND HAS TO BE A COMBINATION OF ALPHA AND NUMERIC CHARACTERS. YOU CAN ALSO
INCLUDE SPECIAL CHARACTERS TO STRENGTHEN YOUR LOG IN PASSWORD. HOWEVER THE FOLLOWING
SPECIAL CHARACTERS ( ~ . / , ? < > : ; ' \" + = _ - ^ ) ARE NOT ALLOWED AND WILL BE IGNORED. THE USER IS
SOLELY RESPONSIBLE FOR ALL USE AND FOR MAINTAINING AND PROTECTING THE CONFIDENTIALITY OF THEIR
USER ID AND PASSWORD.
FORGOT PASSWORD
IN CASE YOU FORGET THE LOG IN PASSWORD, THE ONLY WAY YOU CAN CHANGE YOUR LOG IN PASSWORD IS
BY CLICKING ON THE "LOST PASSWORD" LINK ON THE HOME PAGE OF THE WEBSITE. YOU WILL RECEIVE A
VERIFICATION CODE ON YOUR REGISTERED E-MAIL ADDRESS AND YOUR REGISTERED MOBILE PHONE. USING
THE VERIFICATION CODE, YOU CAN CHANGE YOUR LOG IN PASSWORD.
TRANSACTION PASSWORD
TO HAVE AN ADDITIONAL LAYER OF SECURITY, BIDDERS PARTICIPATING IN AUCTIONS MUST SET UP A
TRANSACTION PASSWORD. PARTICIPATING BIDDERS MUST ENTER THIS TRANSACTION PASSWORD TO
AUTHENTICATE THEIR ENTRY INTO THE VIRTUAL AUCTION ROOM AND PLACE THEIR BIDS. BIDDERS CAN SET
THEIR TRANSACTION PASSWORD AND MUST CONFIRM THE SAME WITH THE OTP THAT WILL BE SENT TO THEIR
REGISTERED MOBILE NUMBER AND THEIR REGISTERED E-MAIL ID. TRANSACTION PASSWORD IS SESSION
SPECIFIC.
TIME
TIME WHEREVER MENTIONED IN ANY PAGE OF THE WEBSITE REFERS TO INDIAN STANDARD TIME (IST) I.E. UTC
+ 05.30 HRS. ALL THE TIMINGS OF THE ONLINE BID SHALL BE BASED ON THE TIME INDICATED BY THE SERVER
HOSTING THE AUCTION ENGINE. IT SHALL BE THE ENDEAVOR OF WASTE JUNCTION TO ENSURE THAT THE
SERVER TIME REFLECTS AS CLOSELY AS POSSIBLE THE INDIAN STANDARD TIME (IST) I.E. UTC + 05.30 HRS.
HOWEVER, IN THE EVENT OF ANY DEVIATIONS BETWEEN THE SERVER TIME AND THE INDIAN STANDARD TIME,
THE FUNCTIONING OF THE AUCTION ENGINE (INCLUDING START, OPERATION & CLOSURE OF AUCTIONS)
WOULD BE GUIDED BY THE SERVER TIME. BIDDERS PARTICIPATING IN THE AUCTIONS ARE ADVISED TO REFRESH
THE RIGHT-SIDE WINDOW OF THE AUCTION ROOM TO CHECK THE EXACT SERVER TIME THAT IS DISPLAYED
THERE.
TERM OF AGREEMENT
THIS AGREEMENT SHALL CONTINUE TO BE IN FULL FORCE AND EFFECT FOR SO LONG AS YOU ARE USING THE
WEBSITE AND ITS SERVICES. WASTE JUNCTION PROVIDES THE ONLINE AUCTION PLATFORM WHEREIN THE
USERS CAN SELL, PURCHASE, BID AND BUY, OR BID AND SELL THE ASSETS LISTED ON THE WEBSITE PURSUANT
TO THE TERMS AND CONDITIONS SET FORTH BELOW
1.0 GENERAL TERMS AND CONDITIONS
1.1 PARTICIPATION AND BIDDING IN THE AUCTIONS ON THE WEBSITE SHALL BE TREATED AS CONCLUSIVE
EVIDENCE OF THE FACT THAT THE BIDDER HAS INSPECTED THE ASSETS AND THE RELATED DOCUMENTS
PERTAINING TO THE AUCTION, AND IS SATISFIED IN ALL RESPECTS REGARDING THE QUALITY, QUANTITY,
CONDITION OF THE ASSETS, TAXES AND DUTIES, AND OTHER EXTRANEOUS FACTORS AND THE PRINCIPLE OF
CAVEAT EMPTOR (LET THE BIDDER BEWARE) WILL APPLY. IT SHALL ALSO IMPLY THAT THE BIDDER HAS
CAREFULLY GONE THROUGH THE TERMS AND CONDITIONS, INCLUDING AMENDMENTS, IF ANY, PREVAILING AT
THE TIME OF THE AUCTION. NO OBJECTIONS OR COMPLAINTS WILL BE ENTERTAINED ONCE THE BID IS PLACED.
1.2 ALL ASSETS SOLD/BOUGHT ON THE WEBSITE ARE ON "AS IS WHERE IS BASIS" AND "NO COMPLAINT BASIS".
1.3 WASTE JUNCTION DOES NOT GIVE WARRANTY OR GUARANTEE OF THE QUALITY, QUANTITY,
MEASUREMENT, CONDITION, AND CHEMICAL COMPOSITION OF THE ASSETS AND ABOUT ITS "END USE" OR
FITNESS FOR A PARTICULAR PURPOSE.
1.4 THE HIGHEST/LOWEST BIDDER DOES NOT GET ANY RIGHT TO DEMAND ACCEPTANCE OF HIS BID/OFFER.
SELLER/BUYER RESERVES THE RIGHT TO ACCEPT/REJECT/CANCEL ANY BID/OFFER, WITHDRAW ANY PORTION
OF THE ASSETS AT ANY STAGE FROM AUCTION, EVEN AFTER ACCEPTANCE OF BID/OFFER, ISSUE OF DELIVERY
ORDER/PURCHASE ORDER WITHOUT ASSIGNING ANY REASON THEREOF. IN THE EVENT OF SUCH REJECTION,
CANCELLATION OR WITHDRAWAL, THE SELLER/BUYER SHALL NOT BE RESPONSIBLE FOR ANY DAMAGES/LOSS
TO THE SUCCESSFUL BIDDER ON ACCOUNT OF SUCH REJECTION, CANCELLATION OR WITHDRAWAL.
2.0 COMMUNICATION
2.1 USER CONSENTS TO RECEIVE COMMUNICATION FROM WASTE JUNCTION BY ELECTRONIC MAIL, SHORT
MESSAGING SERVICES ON THEIR MOBILE PHONES, BY PHONE CALLS OR THROUGH POSTING NOTICES POSTED
ON THE WEBSITE. USER FULLY UNDERSTANDS THAT THIS CONSENT TO RECEIVE COMMUNICATION SHALL
OVERRIDE THEIR REGISTRATION ON THE NDNC, IF ANY.
2.2 ONLY PAID MEMBERS WILL BE ABLE TO DOWNLOAD THE AUCTION CATALOG FROM THE WEBSITE AFTER
LOGGING INTO THE WEBSITE.
3.0 ONLINE BIDDING
3.1 MULTIPLE LOG IN FROM SAME IP ADDRESS - BIDDERS PARTICIPATING IN THE AUCTIONS MAY PLEASE NOTE
THAT MULTIPLE LOGINS FROM THE SAME IP ADDRESS WILL NOT BE PERMITTED.
3.2 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 OF CLOSING TIME, THE CLOSING TIME WILL BE
EXTENDED AUTOMATICALLY BY THREE MINUTES. PLEASE NOTE, TIME EXTENSION AS MENTIONED IN THE
BIDDING ROOM WILL APPLY AND THREE MINUTES IS ONLY AN EXAMPLE.
3.3 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
ANY 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 AN AUTO BID, THE MANUAL BID WILL PREVAIL AND BE CONSIDERED.
3.4 AUTO BID:
A. AUTO BID FACILITY IS PROVIDED FOR BIDDERS INTENDING TO PLACE A MAXIMUM/MINIMUM VALUE FOR A
LOT/LOTS.
B. AUTO BID IS NOT A CONFIRMED BID. IT IS ONLY THE MAXIMUM CEILING AMOUNT/MINIMUM FLOOR
AMOUNT SET BY THE BIDDER TO ENABLE THE AUCTION ENGINE TO PLACE BIDS ON HIS BEHALF, WHENEVER HE
IS OUTBID, UP TO THE CEILING/FLOOR AMOUNT SET BY HIM.
C. ONCE AN AUTO BID IS SET, THE AUCTION ENGINE WILL CONSIDER THE CEILING/FLOOR AMOUNT FOR THE
NEXT POSSIBLE BID ONLY, DEPENDING ON THE HIGHEST/LOWEST BID PREVAILING AT THAT POINT OF TIME AND
THE INCREMENT/DECREMENT AMOUNT PRESCRIBED FOR THAT LOT. HOWEVER, AUTO BID CANNOT BE SET FOR
AMOUNTS LESS THAN TWO INCREMENTS/DECREMENTS TO THE HIGHEST/LOWEST BID PREVAILING AT THAT
POINT OF TIME.
D. 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.
4.0 TERMINATION
4.1 - WASTE JUNCTION EXPRESSLY RESERVES THE RIGHT TO TERMINATE THE USE OF, OR TO REFUSE TO PERMIT
THE USE OF, THE SERVICES AND THE WEBSITE BY ANY PERSON OR ENTITY, AT THE SOLE DISCRETION OF WASTE
JUNCTION, FOR ANY REASON AND WITHOUT NOTICE.
5.0 FORCE MAJEURE
5.1 WASTE JUNCTION 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 CONDITIONS, OR ANY OTHER CAUSES
OR CONDITIONS BEYOND THE CONTROL OF WASTE JUNCTION, 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.
WASTE JUNCTION 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 CONDITIONS, OR ANY OTHER CAUSES OR
CONDITIONS BEYOND THE CONTROL OF WASTE JUNCTION, 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.
6.0 DISCLAIMER
6.1 WASTE JUNCTION RUNS ITS BUSINESS ON THE BASIS OF A ROBUST WEBSITE. WASTE JUNCTION IS
OUTSOURCING SERVER SPACE FROM A THIRD-PARTY HOSTING COMPANY AND HENCE SHALL ENSURE THE
SMOOTH RUNNING IN ALL GOOD FAITH AND INTENTION. HOWEVER, WASTE JUNCTION 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 WASTE JUNCTION DIRECTLY OR INDIRECTLY AFFECTING ONLINE
METHOD OF BIDDING.
6.2 WASTE JUNCTION TAKES NO RESPONSIBILITY OF THE QUALITY, QUANTITY, DOCUMENTATION DETAILS OF
BUYERS/SELLERS. BOTH THE BUYERS & SELLERS AGREE TO DEFEND INDEMNITY AND HOLD HARMLESS WASTE
JUNCTION FROM ANY LOSS, DAMAGE, COST AND EXPENSES CAUSED BY ANY REASON DURING THE
TRANSACTIONS ON THE WEBSITE. IN NO EVENT SHALL WASTE JUNCTION 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 WASTE JUNCTION 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 WASTE JUNCTION 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.
WASTE JUNCTION 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.
6.3 THE SELLER/BIDDER AGREES TO LIMIT THE LIABILITY OF SHANAYA SOLUTIONS 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
SHANAYA SOLUTIONS 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.
6.4 TERMS & CONDITIONS AS LAID DOWN BY THE AUCTIONEER SHALL APPLY IN ADDITION.
6.5 THE LOGOS DISPLAYED ABOVE ARE THE REGISTERED TRADEMARKS OF COMPANIES WHO HAVE USED THE
SERVICES PROVIDED BY WASTE JUNCTION. THE LOGOS ARE DISPLAYED IN GOOD FAITH TO IMPLY THAT WASTE
JUNCTION HAS AT SOME POINT OF TIME PROVIDE SERVICES TO THESE COMPANIES AND NO REPRESENTATION
OR WARRANTY, EXPRESS OR IMPLIED, IS MADE BY WASTE JUNCTION
7.0 GOVERNING LAW AND JURISDICTION
7.1 THIS AGREEMENT IS GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE UNION OF
INDIA. USERS HEREBY IRREVOCABLY CONSENT TO THE EXCLUSIVE JURISDICTION AND VENUE OF COURTS IN
BANGALORE, KARNATAKA, INDIA IN ALL DISPUTES ARISING OUT OF OR RELATING TO THE USE OF THE
SERVICES AND THE WEBSITE.
7.2 USERS AGREE TO INDEMNIFY AND HOLD WASTE JUNCTION AND ITS OFFICIALS AND EMPLOYEES
HARMLESS FROM ANY CLAIM, DEMAND OR DAMAGE ASSERTED BY ANY THIRD PARTY DUE TO AND ARISING
OUT OF USE OF SERVICES AND THE WEBSITE.
GST BIDDERS PARTICIPATING IN WASTE JUNCTION AUCTIONS SHOULD VERIFY WITH THE SELLING COMPANIES
ABOUT THE TAX STRUCTURE AND ASCERTAIN THEMSELVES OF THE TAX RATES AND OTHER STATUTES IN
PLACE.
ANY DISPUTES SHALL BE CLARIFIED BY THE BIDDERS DIRECTLY WITH THE SELLING CLIENTS AND WASTE
JUNCTION IS NOT RESPONSIBLE FOR ANY FORM OF MISUNDERSTANDING OR DISPUTE ON THE APPLICABLE
TAXES. WASTE JUNCTION IS ONLY AN E-COMMERCE SERVICE PROVIDER AND HAS MINIMAL KNOWLEDGE
ARISING OUT OF ANY CHANGES IN APPLICABLE TAX RATES THAT ARE PROMULGATED BY THE GOVERNMENT
FROM TIME TO TIME.
