E-auction of Rajasthan's liquor shop smashes all the records, witnesses unprecedented bid of over ₹999 crore
Apr 12, 2021, 17:31 IST
Continuing to smash all past records, the e-auction of liquor shops in a Rajasthan town carrying the base price of ₹1.84 crore witnessed an unexpected bidding of over ₹999 crore in Dausa, leaving the excise officials in a state of excitement.
As per Anil Jain, District Excise Officer, Dausa, "This was the highest bidding ever witnessed in the state as per my knowledge. The bidding was organised on April 10 from 11 a.m. to 4 p.m. and it became interesting when a clash between two competitors pushed the bidding amount to a new high as the two took it as their prestige fight and stopped when they surpassed the registration limit for online auction."
This interesting episode was reported in Sahpur Pakhar village in Dausa district where two bidders namely Karan Singh Gurjar and Naval Kishore Meena participated in the bidding and crossed the benchmark of ₹999 crore in the process.
Gurjar made a whopping bid of ₹999,99,95,219 followed by Meena who made a bid of ₹999,99,90,216.
The computer meanwhile stopped accepting the amount when it crossed the limit of over ₹1000 crore or else both the bidders could have continued with their bidding, Jain told IANS.
He said that both Karan Singh Gurjar and Naval Kishore Meena have raised bids of over ₹999 crore.
An approval letter has been sent to Gurjar to make the earnest deposit and if he fails to do so, then Meena will be given a chance.
If both of them fail to deposit the earnest deposit, they will be blacklisted for 3 years and will not be able to participate in the bids of excise department shop and beer bar in future, he added.
Also, their initial deposit submitted on their behalf which is ₹2.60 lakh will be confiscated, he added.
As per the latest change in the excise policy, the shops are being auctioned online instead of the prevailing lottery system. The e-auctions have started in the state with over 7,000 such shops following the process as of now.
SEE ALSO:
Discount broker Upstox suffers data breach – Aadhaar, PAN and bank account numbers leaked
Devastating images show how ash from St Vincent’s volcano is covering the Caribbean's largest island nation
LG Wing gets a ₹40,000 price cut a week after the company shuts its smartphone business
Advertisement
As per Anil Jain, District Excise Officer, Dausa, "This was the highest bidding ever witnessed in the state as per my knowledge. The bidding was organised on April 10 from 11 a.m. to 4 p.m. and it became interesting when a clash between two competitors pushed the bidding amount to a new high as the two took it as their prestige fight and stopped when they surpassed the registration limit for online auction."
This interesting episode was reported in Sahpur Pakhar village in Dausa district where two bidders namely Karan Singh Gurjar and Naval Kishore Meena participated in the bidding and crossed the benchmark of ₹999 crore in the process.
Gurjar made a whopping bid of ₹999,99,95,219 followed by Meena who made a bid of ₹999,99,90,216.
The computer meanwhile stopped accepting the amount when it crossed the limit of over ₹1000 crore or else both the bidders could have continued with their bidding, Jain told IANS.
Advertisement
An approval letter has been sent to Gurjar to make the earnest deposit and if he fails to do so, then Meena will be given a chance.
If both of them fail to deposit the earnest deposit, they will be blacklisted for 3 years and will not be able to participate in the bids of excise department shop and beer bar in future, he added.
Also, their initial deposit submitted on their behalf which is ₹2.60 lakh will be confiscated, he added.
As per the latest change in the excise policy, the shops are being auctioned online instead of the prevailing lottery system. The e-auctions have started in the state with over 7,000 such shops following the process as of now.
Advertisement
SEE ALSO:
Discount broker Upstox suffers data breach – Aadhaar, PAN and bank account numbers leaked
Devastating images show how ash from St Vincent’s volcano is covering the Caribbean's largest island nation
LG Wing gets a ₹40,000 price cut a week after the company shuts its smartphone business