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Panjim
Thursday, February 9, 2023

DMG disqualifies trader from bidding in e-auction process

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Panaji: Shree Someshwar Traders, represented by Abhijit Shirodkar has been disqualified  from participating in iron ore e-auctions to be held in future after he failed to fulfil the financial commitments towards payments for the earlier bid lot of 30,000 metric tonnes of ore.   

DMG Director Ameya Abhiyankar said that the trader had participated in the 15th e-auction held on April 27, 2016 and was declared to be successful bidder for 30,000 metric tonnes of ore, which he had bidded from various lot. “However, he failed to fulfil the financial commitments towards payments for the said bid lot,” he said. 

Abhiyankar said various opportunities were given to the trader to make the payments so that the ownership of lot can be given to Shree Someshwar Traders. “However, they failed to do so till date,” he added. 

The ore bided by the trader is now been declared free for further  auction

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