1. Acceptance of Terms
By accessing and using Steel E-Auction platform, you accept and agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use our platform.
2. User Registration
To participate in auctions, users must:
- Provide accurate and complete registration information
- Maintain valid business credentials including PAN and GSTIN
- Undergo admin verification and approval
- Keep account information confidential and secure
3. Auction Participation
All auction participants must:
- Be approved by admin before placing bids
- Honor all winning bids
- Complete transactions as per agreed terms
- Not engage in bid manipulation or collusion
4. Seller Obligations
Sellers (Companies) must:
- Provide accurate product descriptions and specifications
- Honor the auction results and sell to the winning bidder
- Deliver materials as described in the auction listing
- Comply with all applicable laws and regulations
5. Buyer Obligations
Buyers must:
- Pay for winning bids as per agreed payment terms
- Arrange for material collection within specified timeframes
- Provide required documentation for verification
- Not place frivolous or non-serious bids
6. Platform Fees
Platform usage fees, if any, will be clearly communicated to users. The platform reserves the right to modify fees with prior notice to users.
7. Prohibited Activities
Users must not:
- Engage in fraudulent activities
- Manipulate auction results
- Share account credentials
- Attempt to circumvent platform security
- Use automated bidding bots (except platform-provided auto-bid)
8. Dispute Resolution
Any disputes arising from transactions must first be resolved between buyers and sellers. The platform may provide mediation support but is not responsible for transaction disputes.
9. Limitation of Liability
Steel E-Auction acts as a facilitator and is not responsible for:
- Quality, quantity, or condition of materials
- Payment disputes between parties
- Delivery or logistics issues
- Acts of God or force majeure events
10. Termination
We reserve the right to suspend or terminate accounts that violate these terms or engage in fraudulent activities.
11. Changes to Terms
We may update these terms from time to time. Continued use of the platform after changes constitutes acceptance of the new terms.
12. Governing Law
These terms are governed by the laws of India. Any disputes shall be subject to the jurisdiction of courts in India.