Regulations for handling beautiful license plates that won auctions but were 'bombed' and had their deposits forfeited
The leader of the Traffic Police Department (Ministry of Public Security) said that 76 customers who won the license plate auction have fulfilled their financial obligations, but the person who successfully bid for the beautiful license plate 51K - 888.88 with the winning bid of more than 32 billion VND has not yet paid.
On September 15, Vietnam Joint Stock Auction Company organized the first auction of car license plates, including 11 car license plates from 10 provinces and cities. Of which, the highest winning bid price was 32.34 billion VND for license plate in Ho Chi Minh City 51K-888.88. Up to now, this is still the license plate with the highest winning bid.
The auction winner bid for the super beautiful license plate 51K-888.88 for more than 32 billion VND and the license plate 30K-567.89 for more than 13 billion VND.
By October 1, the 15-day deadline to pay the full auction price had expired, but there was still no information about the winning bidder paying. Many people suspected that this "tycoon" had abandoned the deposit for the above license plate.
According to Article 19 of Decree 39/2023, if after 15 days, the person winning the license plate auction does not pay the full amount, the auction result will be canceled.
At that time, the auctioned car license plate was put up for auction again.
Article 19 of this Decree stipulates the cases of cancellation of auction results, announcement of auction results, confirmation of license plate of auction-winning automobile and the auction winner's failure to confirm the auction minutes as follows:
- Auction results are canceled in cases specified in the Law on Property Auction.
- The auction winner who does not confirm the auction minutes is considered as not accepting to enter into the contract for the sale of the auctioned property.
- The announcement of the auction results and the document confirming the license plate of the auctioned car will be canceled in the following cases: The auction winner does not pay the full auction winning amount within the prescribed time limit; The auction winner does not complete the procedure to register the license plate of the auctioned car according to regulations; The auction winner violates the honesty of the auction registration documents.
- The license plate of the auctioned car will be put up for re-auction. The deposit and the auction winning amount paid by the auction winner will not be refunded and will be paid into the state budget in the cases specified in Clauses 1, 2, 3 of this Article.
