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IDBI Bank Ltd The Authorised Officer (AO) Of IDBI Bank Ltd. IDBI Bank Ltd., D NO. 22-11-9, Tatavarthy Vari Street, Sunday Market, Bhimavaram, West Godavari Dist – 534201 BID DOCUMENT For Sale of Assets (Immovables) of Shri Manepally Suryanarayana Gupta (Proprietor: M/s M.S.N. Gupta and Co) Under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 And The Security Interest (Enforcement) Rules, 2002 Date: Sep 18, 2018 CONTENTS Sr.No Particulars Page No. 1. Public Notice for Sale published in the newspapers 03 - 08 2. Introduction, Brief Description of secured assets and outstanding 09 - 14 dues and Terms & Conditions 3. Bid form –Individual 15 4. Bid form -Company /Partnership firm/ Proprietorship firm 16-17 5. Declaration by bidder (on general stamp paper of `100/-) 18-19 ***** 2 IDBI Bank Ltd., D NO. 22-11-9, Tatavarthy Vari Street, Sunday Market, Bhimavaram, West Godavari Dist – 534201 Public Notice for Sale Sale Through e-auction – property at Elurupadu(Vill) Kalla Mandal, Wast Godavari District in the State of Andhra Pradesh Whereas, the Authorized Officer(AO) of IDBI Bank, under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (the Act) [SARFAESI Act, 2002], has taken possession of the secured assets (detailed hereunder) on 29-01-2016 by exercising powers conferred to him u/s 13 (4) of the said Act, as the borrowers have failed to repay the loan amount demanded vide demand notices dated 21-10- 2015 issued to him u/s 13 (2) of the SARFAESI Act, 2002. IDBI Bank Ltd. is now selling the said secured assets by way of inviting bids on “ As is where is, As is what is & whatever there is and without recourse basis”. Borrower/Mortgagor Shri M.S.N. Gupta (Proprietor: M/s M.S.N. Gupta and Co) are hereby given this notice under rule 8(6) & 9(1) of security Interest (enforcement) Rules, 2002 to pay the outstanding amount being Rs. 7,14,98,253.00 (Rupees Seven Crore Fourteen Lakhs Ninety Eight Thousand Two Hundred and Fifty Three Only) as on 01- 09-2018 together with further interest with effect from 02-09-2018 Plus other Recovery expenses and costs incurred within 30 days from the date of this Notice, failing which the auction of the secured assets shall take place on 24-10-2018. Name of the borrower: Shri M.S.N. Gupta (Proprietor: M/s M.S.N. Gupta and Co) Name of the Mortgagor: Shri M.S.N. Gupta (Proprietor: M/s M.S.N. Gupta and Co) Property Details Reserve Price and EMD Open Site to an extent of 3338.00 Sq Yards in the name Reserve Price: of Sri Manepalli Suryanaraya Gupta S/o M S N Gupta situated at D.No-9-266, Elurupadu Village & Gram Rs. 1,33,52,000.00/- Panchayat, Kalla Mandal, and West Godavari District. EMD: Boundaries: Rs. 14,00,000.00/- On the North by: Irrigation Canal Bid increase amount: On the South by: Government Puntha Rs. 50,000.00/- On the East by: Open Land in Schedule Property ‘B’ On the West by: Land belonging to M. Adinarayana Murthy & Others Min Bid Increase Amount: Rs. 50, 000/- Date & Time of E-Auction: 24-10-2018 between 11.30 AM and 12.30 PM Last Date & Time of Submission of Bids: 22-10-2018 up to 4.00 PM. Date of Inspection: 15-10-2018 to 20-10-2018 between 11 a.m. and 4 p.m. on working days 3 TERMS & CONDITIONS OF e- AUCTION 1. The Bid Application is available through Web Portal: https://www.bankeauctions.com or from IDBI Bank Ltd., D NO. 22-11-9, Tatavarthy Vari Street, Sunday Market, Bhimavaram, West Godavari Dist - 534201, before the last date & time of submission of bids. 2. Intending Bidders should hold valid e-mail address. The interested bidders shall submit their Bid Application through Web Portal: https://www.bankeauctions.com (the user ID & Password can be obtained free of cost by registering name with https://www.bankeauctions.com ) and hard copy of the same can also be submitted to the Authorized Officer, IDBI Bank Ltd., Bhimavaram Branch, before the last date & time of submission of bids. The bidders who require assistance in creating Login ID & Password, uploading data, submitting bid, training on e-bidding process etc., may contact Mr. Dharani, Contact no. + 91-9948182222, Email id: [email protected] & [email protected]. Support Team: 0124-4302020/21/22/23, +91- 7291981125. For other terms and conditions, please refer to IDBI Bank website www.idbi.com) and (https://www.bankeauctions.com/idbibank) 3. After Registration by the bidder in the Web Portal, the intending bidder/ purchaser is required to get the copies of the following documents uploaded in the Web Portal before last date & time of submission of the bid(s) viz. i) Copy of the Demand Draft for EMD Amount; ii) Copy of PAN Card; iii) Proof of Identification (KYC) viz. self-attested copy of Voter ID Card/ Driving License/ Passport etc. iv) Copy of proof of address; without which the bid is liable to be rejected. Alternatively hard copy of the same can be submitted at IDBI Bank Ltd., Bhimavaram Branch. Demand Draft for EMD amount payable at Bhimavaram to be submitted at IDBI Bank Ltd., Bhimavaram Branch, before 4.00 p.m. on 22-10-2018. Remittance of EMD by way of RTGS Bidders who prefer to submit the EMD by way of RTGS may remit the respective EMD Amount in favour of IDBI Bank Limited, Account No. 36637000010052, IFSC Code: IBKL0000366, Branch: Bhimavaram. Such bidders must indicate RTGS UTR No., Amount remitted and date in the appropriate space in the Profile of the Bidder. 4. The interested bidders, who have submitted their Bid not below the Reserve Price through online mode before 4 p.m. on 22-10-2018, shall be eligible for participating in the e-bidding process. If a bidder places a bid in the last 5 minutes of closing of the e- Auction and if that bid gets accepted, then the auction’s duration shall automatically get extended for another 5 minutes. Please note that the auto- extension shall be for unlimited times and will take place only if a valid bid comes in last 5 minutes of closing. If valid bid is not received, the auto-extension will not take place even if that bid might have come in the last 5 minutes. In case, there is no bid in the last 5 minutes of closing of e- Auction, the auction shall get closed automatically without any extension. The bidder who submits the highest bid amount (not below the Reserve Price) on closure of e- 4 Auction process shall be declared as Successful Bidder and a communication to that effect will be issued through electronic mode which shall be subject to approval by the Authorized Officer/ Secured Creditor. Bids below reserve price will not be accepted. 5. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded. The Earnest Money Deposit shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price on the same day, adjusting the EMD already paid, of the acceptance of bid price by the Authorized Officer and the balance 75% of the sale price on or before 15th day of sale or within such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. The EMD and all the money deposited till then shall be liable for forfeiture without any prior notice, if the successful bidder fails to adhere to the Terms & conditions of Auction Sale or commit any default in any manner. The defaulting bidder shall forfeit all claims to the assets or to any part of the sum for which it may be subsequently sold. 6. On receipt of entire Auction Sale proceeds from the Successful Bidder, the Authorized Officer will be issuing Sale Certificate as per the provisions of the Act. It is the responsibility of the Successful Bidder to get the Sale Certificate registered, if required by him / her. 7. The successful bidder shall bear all Stamp Duty, Registration Fee, incidental expenses for getting the Sale certificate Registered, if required by him / her, The successful bidder shall also bear all Statutory Dues/Taxes/Charges/fees, if any, applicable as per Law and Income Tax Laws and also all dues pending like Electricity Charges, Water Charges, Maintenance Charges and for other services provided, if any. 8. The Authorized Officer has absolute Right to accept or reJect tender or bid, any or all the offers and has right to cancel or adjourn or postpone the auction without assigning any reason.The decision of the Bank regarding declaration of successful bidder shall be final and binding on all the Bidders. Offer received for sale and / or accepted are not transferable 9. The bidders are advised to go through the detailed Terms & Conditions of e-Auction available on the Web Portal of M/s. C1 India, (https://www.bankeauctions.com) before submitting their bids and taking part in the e-Auction. 10. Sale will be subJect to Confirmation by the Bank. 11. Any dispute regarding the matter would be under Jurisdiction of Courts at Bhimavaram only. 12. This is also a notice to the borrower/mortgagors of the above said loan about holding of this sale on the above mentioned date. 13. Due to any administrative exigencies, necessitating change in date and time of e-Auction sale will be intimated through the service provider at the register email addresses or 5 through SMS on the mobile number/email address given by them /registered with the service provider.
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