Srinagar, September 24: The CSIR-Indian Institute of Integrative Medicine (IIIM), Branch Srinagar, has announced an Open Public Auction of walnut fruit from its Field Station located at Yarikha, Tangmarg.
According to the public auction notice, the auction will be held on October 5, 2026, at 11:00 AM at the IIIM Field Station, Yarikha.
Interested bidders have been allowed to inspect the walnut trees and fruit proposed for auction on September 28 and 30, 2026, between 10:00 AM and 5:00 PM on working days.
Each bidder will be required to register before participating in the auction and deposit ₹2,000 as earnest money in cash or through Demand Draft in favour of the Director, IIIM, Canal Road, Jammu.
The successful bidder will have to deposit 25% of the bid amount immediately on the spot, while the remaining 75% must be deposited within four days of the award. The entire bid amount must be paid before taking possession or commencing harvesting of the walnut fruit.
The earnest money deposited by unsuccessful bidders will be refunded only after a period 07 days or completion of the auction process, whichever is earlier. However, if the successful bidder fails to deposit the required amount, the deposited bid amount and EMD will be forfeited.
The Director, IIIM, has reserved the right to accept or reject any bid, wholly or partially, without assigning any reason. The remaining terms and conditions will be announced at the venue before the auction begins.
For queries and further information, interested parties may contact Mohd Ayoob Bhat (ASO), CSIR-IIIM Branch Srinagar, at 9906526558 / 9682394019.
