4th auction: 11 vends in city find bidders, 10 units still unsold

As many as 10 liquor vends remained unsold even after the fourth round of e-auction held today by the UT Excise and Taxation Department. The department managed to auction 11 liquor vends out of the remaining 21 units and earned a revenue of Rs 60.76 crore against the reserve price of Rs 47.97 crore in today’s auction.

The highest bid of Rs 11.11 crore was received for the liquor vend located in Sector 38-D market against the reserve price of Rs 6.18 crore. The second highest bid of Rs 9.90 crore was made for the vend located internal market of Sector 7 against the reserve price of Rs 5.05 crore. The third highest bid of Rs 7.21 crore came for a vend located in internal market of Sector 8 with a reserve price of Rs 7.11 crore.

The department was able to auction only seven vends out of 28 during the third round of the auction on April 29.

On April 21, the department put up 48 liquor vends, the licences of which were cancelled for the non-payment of bank guarantee, for auction. It managed to find bidders for only 20 liquor vends. The department earned Rs 131 crore against the total reserve price of Rs 109 crore.

On March 21, the department had allotted 96 liquor vends out of a total of 97 through an e-auction and generated Rs 606 crore. However, the department had cancelled the licences of 48 vends. It earned Rs 23 crore by forfeiting the earnest money and security deposits of these defaulters.

The today’s auction was scheduled for yesterday, but could not be held as the server of the National Informatics Centre (NIC) was down.

Chandigarh