Terms & Conditions – Auction Model

These Terms & Conditions ("T&C") govern the participation of customers ("Bidder/Participant/You") in the auctions conducted by Vahaan Bazar Private Limited, a company incorporated under the Companies Act, 2013, having its registered office at No 408, Babukhan Estates, Basheerbagh, Hyderabad-500001 ("Vahaan Bazar/Company").

By participating in the auction and paying the Earnest Money Deposit ("EMD"), you agree to be bound by these T&C.

• EMD will be refunded to all non-winning bidders with no active bids.
• Refunds will be processed within 7–10 working days from the refund request date.
• Refunds will be made only to the same account/payment method used while paying the EMD.
• No interest is payable on the EMD amount.
• Refund timelines may vary in case of technical delays by banks/payment gateways.

• Participation in any auction requires payment of a refundable EMD, the amount of which will be specified for each auction.
• EMD must be paid before bidding access is granted.
• EMD is fully refundable to bidders who:
  • Do not win the auction, OR
  • Withdraw before placing any active bid.

The EMD may be forfeited, fully or partially, in the following situations:

• If the Bidder wins the auction but fails to:
  • Pay the winning bid amount within the stipulated time, or
  • Complete documentation and verification required for delivery.
• If the Bidder places false bids, uses fraudulent information, or violates any auction rule.
• If the Bidder withdraws after placing an active bid without a valid reason accepted by Vahaan Bazar.
• If the auction rules of a specific vehicle/equipment state additional forfeiture terms.

Vahaan Bazar's decision on forfeiture shall be final and binding.

• Bidders must be 18 years or above, legally competent to enter into a contract under the Indian Contract Act, 1872.
• Participants must provide valid KYC documents as required by Vahaan Bazar (Aadhaar, PAN, mobile number, etc.).
• The Company reserves the right to accept or reject any registration without assigning reasons.

• All bids placed are legally binding offers under Indian Contract Law.
• Bidders must inspect the vehicle/equipment (physically or through provided reports) before bidding.
• Vahaan Bazar does not guarantee:
  • Vehicle condition,
  • Year of manufacture,
  • Odometer reading,
  • Ownership history,
  unless specifically mentioned.
• Bids once placed cannot be reversed.
• The highest bidder at auction close will be declared the winner, subject to verification.

• Winning bidders must pay the remaining amount within 48–72 hours of auction close (or timeline specified in listing).
• Failure to make payment will result in EMD forfeiture.
• Delivery/handover of the asset will occur only after:
  • Full payment,
  • Document verification,
  • Completion of RTO/legal requirements (where applicable).

Vahaan Bazar may cancel, postpone, or modify an auction at any time due to technical issues, seller withdrawal, legal reasons, or other unavoidable circumstances.

In such cases, EMD will be fully refunded.

• Vahaan Bazar acts only as a facilitator between buyers and sellers.
• The Company shall not be liable for:
  • Any disputes between buyer and seller,
  • Vehicle defects not disclosed by the seller,
  • Delays caused by third parties (RTO, transport, banks, etc.).
• Maximum liability is limited to the EMD amount paid by the participant.

• These T&C are governed by the laws of India.
• Any disputes shall be subject to exclusive jurisdiction of courts in Hyderabad, Telangana.
• Participants must strictly comply with:
  • The Information Technology Act, 2000,
  • Consumer Protection Act, 2019,
  • Indian Contract Act, 1872,
  • Any applicable motor vehicle/RTO laws.

• Participant information will be used as per Vahaan Bazar's Privacy Policy.
• Data may be shared with sellers, partners, or authorities only as required for auction purposes.

Vahaan Bazar reserves the right to modify these T&C at any time. Updated terms will be made available on the website/app.