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An E-Auction Engine Portal is an Online Platform Designed for Conducting Auctions Electronically, Facilitating the Sale and Purchase of Goods or Services through an Online Marketplace. These Portals allow Bidders to compete and submit bids in real-time, with the highest bidder typically winning the item or service. They are used by various entities, including government organizations, banks, and private businesses, for diverse purposes like selling surplus assets, procuring materials, or recovering non-performing assets.