E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;
Wholesale auction means an auction of motor vehicles restricted to sales at wholesale.
RFP Process or “Bidding Process” means the process governing the submission and evaluation of the Bids as set out in the RFP itself;
E-Auction Process Information Document means this document including all the annexures, formats hereto, Information Memorandum, Data Room information / documents, for the purposes of setting out the process for submission of a bid and selection of Successful Bidder in accordance with the provisions of the IBC and Liquidation Process Regulations and shall include all supplements, modifications, amendments, addendums, alterations or clarifications thereto issued in accordance with the terms hereof;
Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.