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    A. Time Table: Minerva Executive Apartments PVT LTD: TH TH

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    Anjaneyulu Sadhu
    The document outlines an 11-point timetable for the e-auction process of the Minerva Executive Apartments Pvt Ltd liquidation with the following key dates: - Bid forms can be submitted from July 10th to 22nd and site visits arranged before July 22nd. - The e-auction will take place on July 27th from 3-5 PM with unlimited 5 minute extensions. - The successful bidder will be announced on July 28th and have until August 3rd to sign a letter of intent. - Unsuccessful bidders will have their EMD returned between July 28th and August 11th. - The successful bidder must pay the balance by

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    A. Time Table: Minerva Executive Apartments PVT LTD: TH TH

    Uploaded by

    Anjaneyulu Sadhu
    31 views2 pages
    The document outlines an 11-point timetable for the e-auction process of the Minerva Executive Apartments Pvt Ltd liquidation with the following key dates: - Bid forms can be submitted from July 10th to 22nd and site visits arranged before July 22nd. - The e-auction will take place on July 27th from 3-5 PM with unlimited 5 minute extensions. - The successful bidder will be announced on July 28th and have until August 3rd to sign a letter of intent. - Unsuccessful bidders will have their EMD returned between July 28th and August 11th. - The successful bidder must pay the balance by

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    TIME TABLE

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    The document outlines an 11-point timetable for the e-auction process of the Minerva Executive Apartments Pvt Ltd liquidation with the following key dates: - Bid forms can be submitted from July 10th to 22nd and site visits arranged before July 22nd. - The e-auction will take place on July 27th from 3-5 PM with unlimited 5 minute extensions. - The successful bidder will be announced on July 28th and have until August 3rd to sign a letter of intent. - Unsuccessful bidders will have their EMD returned between July 28th and August 11th. - The successful bidder must pay the balance by

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views2 pages

    A. Time Table: Minerva Executive Apartments PVT LTD: TH TH

    Uploaded by

    Anjaneyulu Sadhu
    The document outlines an 11-point timetable for the e-auction process of the Minerva Executive Apartments Pvt Ltd liquidation with the following key dates: - Bid forms can be submitted from July 10th to 22nd and site visits arranged before July 22nd. - The e-auction will take place on July 27th from 3-5 PM with unlimited 5 minute extensions. - The successful bidder will be announced on July 28th and have until August 3rd to sign a letter of intent. - Unsuccessful bidders will have their EMD returned between July 28th and August 11th. - The successful bidder must pay the balance by

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    © All Rights Reserved
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    A.

    TIME TABLE : MINERVA EXECUTIVE APARTMENTS PVT LTD

    The following time table shall apply to the E-Auction Process Information
    Document. The timetable may be amended by the Liquidator through
    issuance of an addendum to the E-Auction Process Information Document.

    Sl. Event Timeline


    No.
    1 Public Announcement of E-Auction 10th July 2020
    2 Opening of Auction Portal and this E- 10th July 2020
    Auction Process Information Document
    made available on the websites as per
    Terms and Conditions
    3 Submission of Bid Forms, Declaration From 10 th July 2020 to 22 nd
    forms July 2020
    4 KYC declaration, Due Diligence From 10 th July 2020 to 22 nd
    July 2020
    5 Site Visits and Discussion Meeting Before 22nd July 2020
    6 Bid and EMD submission From 10 th July 2020 to 24 th
    July 2020
    7 E – Auction 27th July 2020
    (03:00 PM to 05:00 PM)
    with unlimited extension
    of 5 min each.
    8 Announcement of Successful Bidder 28th July 2020
    9 Signing the Letter of Intent (LoI) Between 28th July 2020 &
    3rd Aug 2020
    10 Return of EMD for unsuccessful bidders Between 28th July 2020 &
    11th Aug 2020
    11 Payment of balance Beween 28th July 2020 to
    consideration by successful 26th Aug 2020 – No interest.
    bidder
    -Payments made after
    thirty days shall attract
    interest at the rate of 12%

    -Sale shall be cancelled if


    the payment is not
    received within ninety
    days from 28th July 2020
    and EMD already
    deposited and other
    instalments, if any,
    received will be forfeited

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