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For Sale enqueries
Please contact the concerned posted authority under the Auctioner Information section under each sale advt.

For Technical Support

Email: itsupport@kfc.org

Privacy & Policy

TERM OF AGREEMENT

This Agreement shall continue to be in full force and effect for so long as you are using the services and the website. “KFC” 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

GENERAL TERMS AND CONDITIONS

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 auction. No objections or complaints will be entertained once the bid is placed.

All assets sold/bought on the website are on “AS IS WHERE IS BASIS” and “NO COMPLAINT BASIS”.

“KFC” 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.

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 there of. In the event of such rejection, cancellation or withdrawal, SELLER/BUYER shall not be responsible for any damages/loss to the successful bidder on account of such rejection, cancellation or withdrawal.

COMMUNICATION

User consents to receive communication from “KFC” by electronic mail, short messaging services on their mobile phones, by phone calls or by posting notices on the website.

ONLINE BIDDING

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 (Time Extension as mentioned in the bidding room will apply and three minutes is only an example) of closing time, the closing time will be extended automatically by three minutes.

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 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 auto bid, the manual bid will prevail and be considered.

Auto Bid:

Auto Bid facility is provided for bidders intending to place a maximum value for a lot/lots.

Auto bid is not a confirmed bid. It is only the maximum ceiling amount set by the bidder to enable the auction engine to place bids on his behalf, whenever he is outbidded, upto the ceiling set by him.

Once auto bid is set, the auction engine will consider the ceiling amount for the next possible Bid only, depending on the highest bid prevailing at that point of time and the increment amount prescribed for that particular lot.

Bidders may please note that in the event of a manual bid amount matching that of auto bid, the manual bid will prevail and be considered.

TERMINATION

“KFC” 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 “KFC”, for any reason and without notice.

FORCE MAJEURE

“KFC” 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 condition, or any other causes or conditions beyond the control of “KFC”, 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.

DISCLAIMER

“KFC” runs its business on the basis of a robust Web Site. “KFC” is outsourcing server space from a third party hosting company and hence shall ensure the smooth running in all good faith and intention. However “KFC” 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 “KFC” directly or indirectly affecting online method of Bidding.

“KFC” takes no responsibility of the quality, quantity, documentation details of buyers/sellers. Both the buyers & sellers agree to defend indemnity and hold harmless. “KFC” is also not responsible for any loss, damage, cost and expenses caused by any reason during the transactions on the website. In no event shall “KFC” 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 “KFC” 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 “KFC” 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. “KFC” 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.

The Seller/Bidder agree to limit the liability of “KFC ”. 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 “Kerala Financial Corporation (KFC) ”. to the Seller/Bidder shall not exceed it's 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.


GOVERNING LAW AND JURISDICTION

This agreement is governed and construed in accordance with the laws of Union of India. Users hereby irrevocably consent to the exclusive jurisdiction and venue of courts in Madurai,Tamilnadu, India in all disputes arising out of or relating to the use of the services and the website.

Users agree to indemnify and hold “KFC” 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.