Auction Date means the first Business Day preceding the first day of a Dividend Period.
Reverse auction means a purchasing process in which offerors submit proposals in competing to sell services or supplies in an open environment via the internet.
Wholesale auction means an auction of motor vehicles restricted to sales at wholesale.
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;
Failed Auction has the meaning assigned to such term in the definition of “Dutch Auction”.