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DRAFT EDUCATION POLICY ‘No provision to claim Centre blinks on compulsory Hindi MEIS 2 years after the ARNAB DUTTA dents who wish to change one policy would have to be and setting up of a National prescribed last date’ New Delhi, 3 June or more of the three languages placed for public comments Education Commission, or they are studying may do so for a duration of 30 days or Rashtriya Shiksha Aayog, as an IGST payable on invoice value. ollowing outrage over a in Grade 6 or 7,” the revised more before the government apex body for education to Please advise how to obtain proposal that intended draft read. begin considerations for ensure “cohesion and synergy refund of the difference of IGST F to make Hindi manda- The ministry stated that required changes. between the multiple dimen- paid, quoting any instructions. tory in schools in non-Hindi the policy document submit- Despite clarifications by sions of education”. It suggest- I suggest you take your chances speaking states, the ministry ted by a panel, the new HRD ed restructuring of school edu- on the basis of CBIC Circular no. of Human Resource headed by former The original draft Minister Ramesh cation and pedagogy under a 40/2018-Customs dated October Development (HRD) on chief of Isro K NEP had suggested Pokhriyal and his 15-year tenure, from 12 years 24, 2018. That facility is officer Monday revised the draft Kasturirangan, is that students in predecessor now. The 15-year design interface-based and is similar to National Education Policy a draft policy. It non-Hindi speaking Prakash includes five years of the foun- the procedure for processing cer- (NEP), 2019. Deviating from “is placed for states would have to Javadekar, in past dational stage (up to Class II), tain SB005 refund claims referred the original suggestion of views of the gen- study “the regional few days, that the three years of the preparatory CHATROOM to in Circular No. 05/2018- keeping Hindi as a mandatory eral public. It is language, Hindi and government is not (Classes III-V), three years of T N C RAJAGOPALAN Customs, dated February 23, subject in all schools, the draft not the policy English”. In the intended to the middle (Classes VI-VII) and 2018. This facility is available only policy now calls for students announced by the revised draft, there impose Hindi, four years of the high stage for cases where shipping bills to choose their subjects in government. is no mention of political parties in (Classes IX-XII). We were unable to claim MEIS have been filed till November 15, Class VI or VII. After getting feed- Hindi or English south India, like Further, a complete over- benefit within three years of the 2018. To claim the differential While the original draft back from the the DMK, and also haul of board examinations, shipping bill date. Is it time- amount, the exporter is required NEP had suggested that stu- general public, and after con- Congress leaders from the removing distinctions bet- barred? Is there any remedy? to submit a duly filled and signed dents in non-Hindi speaking sulting state governments, the region had vented their anger ween different “streams” of As per Para 3.15 of HBP, applica- Revised Refund Request (RRR) states would have to study NEP will be finalised,” the at the suggestion. DMK chief study and teacher training tion for obtaining Duty Credit annexed to that circular to the “the regional language, Hindi ministry stated. M K Stalin welcomed the programmes have been sug- Scrip under MEIS shall be filed designated Assistant/Deputy and English”, in the revised It also said that at least two changes made on Monday. gested. It proposes an exten- within a period of 12 months from Commissioner of Customs. DMK chief M K Stalin and party leaders pay tribute draft, no mention of Hindi or rounds of revisions would be Among other suggestions, sion of the Right to Education the Let Export (LEO) date, or to M Karunanidhi on his 95th birth anniversary, in English language can be effected before the document the draft NEP highlighted the to students between three and three months from the date of We are manufacturers and Chennai on Monday. Stalin welcomed the Centre’s found. “In keeping with the is adopted as a policy. need for a complete overhaul 18 years, from six and 14 years, uploading of EDI shipping bills exporters of alloy steel wire nails. move to revise the draft education policy PHOTO: PTI principle of flexibility, stu- According to rule, the draft of school education system currently. onto the DGFT server by We obtain advance authorisation Customs, or printing/release of for import of our five inputs. We shipping bills for Non EDI ship- have made substantial exports. ping bills, whichever is later, in We have partially or fully Mayawati hints respect of shipments for which imported four inputs duty-free. the claim is being filed. Para 9.12 For one of the inputs, we are at leaving poll Doval stays NSA, now with Cabinet rank gives a further period of two years unable to get suitable suppliers from the prescribed date for filing from abroad and our local alliance with SP ARCHIS MOHAN eign secretary is the external Cooperation Organisation summit the claim and sanction with a late supplier is unwilling to supply After a virtual rout in the New Delhi, 3 June affairs minister in the Modi gov- in Bishkek, Kyrgyzstan, on June 13- cut in the entitlement. There is against invalidation letter. Now, Lok Sabha polls at the ernment 2.0, but had reported to 14. Pakistan PM Imran Khan and no provision to claim MEIS after can we claim set-off of GST paid hands of the BJP in Uttar Ajit Kumar Doval will be India’s Doval in the previous government Chinese President Xi Jinping, the period of two years after the against local purchase of this Pradesh, BSP President National Security Advisor (NSA) for on issues related to India’s ties among others, will also attend the prescribed last date. locally-purchased input and at Mayawati on Monday another five-year term — only this with its neighbours, particularly summit. The MEA is yet to confirm the same time opt for adjustment hinted at ending her time he will get the rank of a with Pakistan and Nepal. if Modi and Khan would meet for We exported our goods on of inputs imported against the party’s grand alliance with Cabinet minister. The government on Monday bilateral talks on the sidelines of payment of IGST and claimed advance authorisation the SP and the RLD. In his first term as the NSA, also announced the itinerary of the summit. refund of the same under Rule certificates in the same shipping Mayawati, at the Doval had the rank of a minister of Modi’s the foreign visit of his sec- Doval is a 1968-batch Indian 96(10) of the CGST Rules, 2017. bill, without claiming drawback meeting in New Delhi with state, although his influence on the ond term. Modi will visit the Police Service officer who retired as After receiving the refund, we against such shipping bill? senior party leaders, said Narendra Modi government’s Maldives on June 8 and 9. After the Intelligence Bureau chief in 2005. realised that by mistake we had You can take credit of the GST the alliance had failed to internal security decision making Maldives, the PM will visit Sri He becomes the first NSA ever, after paid less IGST and taken refund. paid on the locally procured deliver for the BSP, since and foreign relations, particularly Ajit Doval in his first term as NSA Lanka on June 9. “The visits to the the Atal Bihari Vajpayee govern- By oversight, we paid IGST on inputs. If you have imported four their respective vote banks with its immediate neighbour- held the rank of an MoS Maldives and Sri Lanka will ment created the office in 1998, FOB value instead of the invoice inputs under advance authorisa- weren’t transferred. hood, far exceeded that of the demonstrate the priority India appointed for two consecutive value, which was higher at CIF tion without IGST payment and In view of her comments, respective Cabinet ministers who term of the prime minister (PM). attaches to its ‘Neighbourhood- terms. Doval was elevated to the value. The IGST paid an FOB exported the finished goods the BSP is likely to contest held the portfolios of home and That 74-year-old Doval is ele- First Policy’ and the SAGAR doc- minister of state rank in September value was declared on shipping without IGST payment against by-polls in 11 Assembly seats external affairs. vated to Cabinet rank is recogni- trine,” the MEA said. The SAGAR 2014 after the Chinese side insisted bill and was refunded. Later, on LUT, you can claim refund of of UP independently. These The Modi government on tion of his key role in shaping the doctrine defines the contours of on ministerial-level talks. discovering the mistake, we the unutilised credit in accor- seats would fall vacant once Monday said the Appointments Modi government’s internal secu- New Delhi’s Indian Ocean doctrine. In his first tenure, Doval is paid the difference between dance with Rule 89 of the CGST MLAs of different parties, Committee of the Cabinet, in an rity and neighbourhood policy The PM first enunciated it in 2015. credited with leading India’s IGST paid on FOB value and the Rules, 2017. who are now elected to order dated June 2, has approved architecture in the last five years. The 'SAGAR' doctrine stands for response in the wake of the Uri ter- Parliament, resign from their of Doval’s appointment for a five- It also brings him on a par in the ‘Security And Growth for All in the ror attack in September 2016, par- respective seats. year period with effect from May 31 government’s order of precedence Region’. ticularly the subsequent ‘surgical Business Standard invites readers’ SME queries related to excise, VIRENDRA SINGH RAWAT and it will be co-terminus with the with S Jaishankar. The former for- The PM will attend the Shanghai strike’, and the Balakot air strike. VAT and exim policy. You can write to us at [email protected]

AVAILABLE - FOR WAREHOUSING IDBI Bank Ltd, NPA Management Group - Mumbai Zone, FOR MNCs LIKE TATA/RELIANCE/ IDBI Tower, 7th Floor, WTC Complex, TENDER CARE Commercial Feature AMAZON/FLIPKART ETC. WE HAVE A Cuffe Parade, Mumbai 400005 COMPLETE FIRST CLASS SHED OF 4 LAC SFT. IN ONE COMPOUND OF 20 PUBLIC NOTICE FOR SALE THROUGH E-AUCTION C. Murthy Joins BHEL, Ranipet as Executive Director ACRES LAND OR CAN PROVIDE AS SALE OF MOVABLE/IMMOVABLE/STOCK OF SAKETH INDIA LIMITED C. Murthy has joined BHEL Ranipet as Executive Director and Head of Unit. Before joining as the Head of Unit at BHEL REQUIRED BY THE CLIENT WITH ALL Ranipet, he was heading Corporate Operations Management as Executive Director at BHEL Corporate Office in New FACILITIES LIKE POWER, WATER Under the terms of the Securitisation and Reconstruction of the ETC. AVAILABLE FOR RENT IN & Financial Assets and Enforcement of Security Act, 2002 Delhi. At Corporate Office, he was also having additional charge of Corporate Quality and Business Excellence AROUND BOMBAY ROAD ON RIVER The Authorized Officer (AO) of IDBI Bank Ltd. (IDBI) and on behalf of IFCI Ltd., International Asset Reconstruction Co. Pvt. Ltd. Department. A graduate in Mechanical Engineering from the College of Engineering, Guindy and a post graduate from BANK ABOUT 35 KM FROM KOLKATA (IARC Pvt. Ltd.) and Indian Bank invites Bids/Offers from reputed and genuine parties for purchase of the following secured IIT, Chennai, Murthy joined BHEL, Trichy as Engineer Trainee in 1984. During his career at BHEL Trichy, he handled GPO / GOVORNER HOUSE. asset of M/s Saketh India Ltd. (borrower) under the provisions of the Securitisation and Reconstruction of Financial Assets and diverse portfolios like Commercial (Fossil Boilers), Planning & Development, Central Planning, Logistics, Boiler INTERESTED PARTIES MAY CONTACT TO: Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002, possession whereof has E.MAIL: [email protected] been taken on August 10, 2016. Production, etc. He was transferred to Corporate Office, New Delhi in August 2016 as General Manager where he 9830155753 handled Corporate Operation Management during the critical period when BHEL was negotiating an important growth 1. Brief Description of Properties Details Reserve Price EMD curve. He was elevated as Executive Director in April 2018. He also had a short stint as head of Central Stamping Unit a) All those piece and parcel of land bearing Plot No.60, Land & Lot I Rs.1155 lakh Rs.116 lakh admeasuring 5.91 acres or thereabouts, in survey nos 11(Pt.), Building and Fabrication plant at Jagdishpur, Uttar Pradesh. 12(pt.), 13(pt.), 14(pt.) and 15(pt.) in SIPCOT’s Industrial Complex Plant & at Hosur within the village limits of MookandapalliTaluk of Hosur, Lot II Rs.86 lakh Rs.9 lakh Alok Kumar Mehta is new Director (Commercial) of NMDC Sub-Registration District of Hosur in Dharmapuri Revenue District, Machinery in the state of Tamil Nadu together with all buildings and structures Alok Kumar Mehta has assumed charge as Director (Commercial) of NMDC Limited. Alok Kumar Mehta, a Graduate constructed/erected or to be constructed/erected thereon and all Lot III Stock Rs.35 lakh Rs.3 lakh in Mechanical Engineering from NIT Raipur, with more than 35 years of experience in Iron ore mining, Iron & Steel plant and machinery attached to the earth or permanently fastened Industry and Copper Industry in India and abroad. He started his career with Hindustan Copper Limited in July 1983 to anything attached to the earth. and later joined in Saurastra Chemical, Porbander in 1993. He also worked for Aditya Birla group at Birla Copper Dahej b) Stock of finished, semi-finished granite tiles and raw materials Total Assets Rs.1276 lakh Rs.128 lakh (as per the inventory) lying stored and kept in the premises – Lot I + Lot and in 2003 he was given the responsibility of Mount Garden Plant situated in Queensland, Australia. He has distinc- mentioned at ‘a’ above. II+ Lot III tion of handling construction of Plant at Mount Garden, Australia. In the year 2006 he joined NMDC and given the responsibilities of bringing up 3.0 MTPA Steel Plant at Nagarnar. He successfully conceived the Rs.15,525 Crore Steel 2. Important dates Sale of Bid / Tender document June 05, 2019 – June18 ,2019 from 11.00 a.m. to 5.00 p.m. Plant at Nagarnar with the cooperation of all stake holders. He has distinction of having exposure at both Private and Date of Inspection June 10, 2019 from 11.00 a.m. to 5.00 p.m. Government Sector including overseas experience. Prior to joining as Director (Commercial), he was responsible for Last Date of submission of Bid along with EMD June18, 2019 upto 5.00 p.m. the execution of all the Engineering, Contracts and Projects activities of NMDC from HO as Executive Director. He is Date and Time of e –auction June 20, 2019 from 11.00 a.m. to 1.00 p. m. also in the Board of Three Subsidiary Companies and One Joint Venture Company of NMDC Limited. (with unlimited extension of 5 mins) 3. The details of the secured lenders and their outstanding dues as on September 30, 2016 is as under: BusinessStandard Name of Secured Lender Nature of assistance Amount (Rs.) P. Radhakrishna assumes charge as BDL Director BENGALURU EDITION IDBI Bank Ltd. Rupee and Foreign Currency Loans 20,84,93,60,090/- IFCI Ltd. Rupee Term Loans 2,94,07,81,151/- P. Radhakrishna has assumed charge as Director (Production) of Bharat Dynamics Limited. Prior to his new Printed and Published by Afroz Khan on IARC Pvt. Ltd. Rupee and Foreign Currency Loans 6,63,15,03,749/- appointment, Radhakrishna served as a General Manager in the Bhanur Unit of BDL where he played a key role in behalf of Business Standard Private Limited and printed at MNS Printers Indian Bank Rupee Term Loans 38,72,71,90,080/- establishing the production line for Konkurs, Konkurs - M and Invar Anti-Tank Guided Missiles, Launcher & Rifles Private Limited, 345/4, Bhattrahalli, Old *as on October 1, 2016, together with further interest thereon with effect from October 1, 2016 at the contractual rates until ensuring safe operations with an objective of reaching set targets. He played a key role in modernizing and Madras Road, Bengaluru-560 049 and payment / realisation. establishing state-of-the-art manufacturing facilities to improve the productivity. published at A-1, First Floor, 25/3, Lavelle General terms and conditions Road, Bengaluru -560 001 4. The sale would be on E-Auction platform at website: https://idbi.auctiontiger.net. through e-auction service provider M/s Editor : Shyamal Majumdar e-Procurement Technologies Limited with unlimited extensions of 5 minutes each. 5. The interested bidders shall submit their Bid along with EMD & KYC documents (PAN card / Address proof). On receipt of RNI NO: 71187/1998 the EMD, the bidders shall receive user id / password on their valid email id (mandatory for e-auction) from the e-auction Readers should write their feedback at service provider M/s e-Procurement Technologies Limited Repco Bank Post Profit of Rs.107 cr. for FY 2018-19 [email protected] 6. The amount of EMD paid by the interested bidders shall carry no interest. Repco Bank has published the financials for the Financial Year 2018-19. The Business Mix of the Bank Crossed milestone Ph: 080-22484968 Fax : 080-22484967 7. The property proposed to be sold is on “as is where is basis”, “as is what is basis”, “whatever there is basis” and “no mark of Rs.15200 crore as of March 31, 2019. Total Deposits stood at Rs.8727 crore with a y-o-y growth rate of 11.34% and For Subscription and Circulation recourse basis”. All statutory liabilities / taxes / maintenance fee / electricity / water charges etc., outstanding as on enquiries please contact: date and yet to fall due would be ascertained by the bidder(s) and would be borne by the successful bidder. Bank does total Advances at Rs.6503 crore recording a y-o-y growth rate of 13.84%, as of March 31, 2019. The Operating Profit of the Ms. Mansi Singh not take any responsibility to provide information on the same. However, to the knowledge of the secured creditors, an Bank during the FY 2018-19 is Rs.208 crore and Profit After Tax is Rs.107 crore. Bank's Net worth is around Rs.750 crore Head-Customer Relations amount of Rs.84,480/- is due to Hosur Municipality and Rs.30,07,712 towards EPF, as per their noticedated February as of March 31, 2019 with a CRAR at 12.11%. The Gross Non-Performing Asset (GNPA) of the Bank has reduced from Business Standard Private Limited. 25, 2017 with Tax ref no: 153/016/02041 (old tax ref no:153/3101322), Ward 16. & February08, 2019 from EPF regional 3rd & 4th floor, Building H, 6.58% to 6.33% and Net Non-Performing Asset (NNPA) from 1.79% to 1.56% as on March 31, 2019 with strong recovery office Salem It shall be the sole responsibility of the bidder to ascertain and bear/pay such dues. Paragon Condominium, Opp Century Mills, efforts. The Bank's 'Return on Asset (ROA)' is 1.13% and all other key parameters are above the industry benchmark. During 8. For detailed procedure, terms and conditions of the auction process, intending bidders may arrange to obtain Bid / P B Marg, Worli, Mumbai - 400 013 the FY 2018-19, Bank implemented several schemes for repatriates rehabilitation, spending Rs.6.18 crore benefitting 42266 Tender Document from Shri Ashish Aggarwal, Deputy General Manager, Shri Saisanjeev, Manager, IDBI Bank Ltd, NPA E-mail: [email protected] repatriates. The Bank is focussed on steady growth, aiming at business of Rs.17500 crore for FY 2019-20 with repatriate “or sms, SUB BS to 57007” Management Group, 7th floor, IDBI Tower, Cuffe Parade, Mumbai 400005 during June 04, 2019 to June18, 2019 on any working day between 11.00 a.m. and 5.00 p.m. on payment of non refundable fees of Rs.1000/- (Rupees One Thousand rehabilitation as prime objective, said R.S. Isabella, Managing Director. DISCLAIMER News reports and feature Only) by a crossed A/c Payee Demand Draft/ Pay order drawn in favour of “IDBI Bank Ltd- A/c Saketh India Ltd.” payable articles in Business Standard seek to present at Mumbai issued by any Nationalized Bank / Scheduled Bank. NLCIL Successfully lights up the Boiler of the 2nd unit of NNTPP : NLC India Limited, with its splendid history of performance in Lignite an unbiased picture of developments in the 9. The bid/tender document can also be downloaded from IDBI website www.idbi.com and https://idbi.auctiontiger.net Mining & Power Generation, has achieved yet another major milestone activity, by lighting up the Boiler of the Second Unit of the upcoming 2 x 500 MW lignite-fired markets, the corporate world and the government. Actual developments can turn Those bidders preferring to download the Bid/Tender Document shall have to furnish the non refundable fee of Rs.1000/- Neyveli New Thermal Power Project (NNTPP) on 30.05.2019. It is to be highlighted that the Boiler of the First Unit of the same Project was lighted up on 28.12.2018 out to be different owing to circumstances as at 8 above at the time of submission of the Bid/Tender document with EMD. and was synchronised with Grid on 28.03.2019.It is also to be noted that the 500 MW capacity lignite-fired Boilers are first of its kind in India. beyond Business Standard’s control and 10. For detailed information on the procedure of e-auction please refer to the Bid / Tender Document and for formalities / Issue of NLCIL Bond 2019 - Series I: Further to the approval accorded by the Board of Directors to issue Secured, Redeemable, Non-Cumulative, knowledge. Business Standard does not take registration to be completed before e-auction please refer to registration procedure at website https://idbi.auctiontiger.net any responsibility for investment or business 11. Interested parties may contact Shri Ashish Aggarwal on (T) +91 22 66552047, (M) + 91 9810821579 (ashish. Non-Convertible & Taxable Bonds of Rs. 10 Lakh each aggregating to Rs. 2,000 Crore for a period of 10 years through private placement, in the first tranche, Bonds decisions taken by readers on the basis of amounting to Rs.500 Crore was floated with a green shoe option to retain over subscription up-to Rs.1,500 Crore on BSE Electronic Bidding Platform. A total bid reports and articles published in the [email protected]), Shri Saisanjeev (T) +91 22 66552524, (M) +91 7715874982 ([email protected]). For newspaper. Readers are expected to form their -auction support, you may contact Mr. Vijay Shetty, Mob. : 06352490773 : 9265562821 & Phone : 079 61200 594 / amount of Rs. 1,887 Crore was received with a coupon rate in the range of 7.93% p.a. to 8.50% p.a. and it was decided to accept subscription up-to Rs. 1,475 Crore own judgement. 598 / 559/ 587 / 554 at a coupon rate of 8.09% p.a.The coupon rate of 8.09% p.a. is a benchmark rate in the debt market, when in comparison to the coupon rate obtained during the last Business Standard does not associate itself Place : Mumbai sd/- 6 months and also when compared to the similar feature bonds floated during the last week. with or stand by the contents of any of the Date : June 04, 2019 Authorised Officer advertisements accepted in good faith and published by it. Any claim related to the SCCL aims to achieve Rs. 50 thousand crores turn over advertisements should be directed to the advertisers concerned. "SCCL aims planning to achieve 50 thousands crores turnover from the present Rs. 26,000 crores Unless explicitly stated otherwise, all rights reserved by M/s Business Standard Pvt. Ltd. in near future"-said N.Sridhar, C&MD. He participated as Chief Guest in a Telangana Day Any printing, publication, reproduction, Formation Celebrations in Singareni Bhavan, Hyderabad. After hoisting the national flag, he transmission or redissemination of the addressed the employees wherein he asked the workforce re-dedicate themselves to make our contents, in any form or by any means, is prohibited without the prior written consent of State a 'Bangaru Telangana' by achieving the targets in Coal production, dispatch and removal of M/s Business Standard Pvt. Ltd. Any such over burden. "With the co-operation of the Chief Minister of the state, SCCL could achieve highest prohibited and unauthorised act by any ever targets in its history during last five years. SCCL has shown a growth of 116.5 in sales and in person/legal entity shall invite civil and criminal liabilities. growth of 282 in profits. Now, it is the time to gear up to achieve a turnover of 50,000 crores soon. SCCL is planning to open new mines in SCCL areas and also take up new blocks in other states No Air Surcharge too" - he said. �� 4.6.2019 �� 5 ��

�� 1. SA_C14_ACWH_SA_PF-3_19_1 �� 31.05.2019. �� 2. SA_C14_ACWH_TUP_PF-2_19_1 �� 31.05.2019. �� IREPS �� 28-06-2019 �� 12.00 �� www.ireps.gov.in�� -636 005 ��

�� IDBI Bank Ltd, NPA Management Group - Mumbai Zone, �� IDBI Tower, 7th Floor, WTC Complex, �� Cuffe Parade, Mumbai 400005 �� PUBLIC NOTICE FOR SALE THROUGH E-AUCTION �� SALE OF MOVABLE/IMMOVABLE/STOCK OF SAKETH INDIA LIMITED �� Under the terms of the Securitisation and Reconstruction of the �� Financial Assets and Enforcement of Security Act, 2002 The Authorized Officer (AO) of IDBI Bank Ltd. (IDBI) and on behalf of IFCI Ltd., International Asset Reconstruction Co. Pvt. Ltd. �� (IARC Pvt. Ltd.) and Indian Bank invites Bids/Offers from reputed and genuine parties for purchase of the following secured asset of M/s Saketh India Ltd. (borrower) under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002, possession whereof has been taken on August 10, 2016. 1. Brief Description of Properties Details Reserve Price EMD a) All those piece and parcel of land bearing Plot No.60, Land & �� Lot I Rs.1155 lakh Rs.116 lakh ��admeasuring 5.91 acres or thereabouts, in survey nos 11(Pt.), Building 12(pt.), 13(pt.), 14(pt.) and 15(pt.) in SIPCOT’s Industrial Complex Plant & at Hosur within the village limits of MookandapalliTaluk of Hosur, Lot II Rs.86 lakh Rs.9 lakh �� Sub-Registration District of Hosur in Dharmapuri Revenue District, Machinery in the state of Tamil Nadu together with all buildings and structures constructed/erected or to be constructed/erected thereon and all Lot III Stock Rs.35 lakh Rs.3 lakh �� plant and machinery attached to the earth or permanently fastened �� to anything attached to the earth. �� b) Stock of finished, semi-finished granite tiles and raw materials Total Assets Rs.1276 lakh Rs.128 lakh (as per the inventory) lying stored and kept in the premises – Lot I + Lot �� mentioned at ‘a’ above. II+ Lot III �� 2. Important dates �� Sale of Bid / Tender document June 05, 2019 – June18 ,2019 from 11.00 a.m. to 5.00 p.m. � � � � � � � � � � � � � � �� Date of Inspection June 10, 2019 from 11.00 a.m. to 5.00 p.m. � � � � � � � � � � � � �� Last Date of submission of Bid along with EMD June18, 2019 upto 5.00 p.m. Date and Time of e –auction June 20, 2019 from 11.00 a.m. to 1.00 p. m. �� (with unlimited extension of 5 mins) �� 3. The details of the secured lenders and their outstanding dues as on September 30, 2016 is as under: �� Name of Secured Lender Nature of assistance Amount (Rs.) � � � � � � � � � � � �� IDBI Bank Ltd. Rupee and Foreign Currency Loans 20,84,93,60,090/- �� IFCI Ltd. Rupee Term Loans 2,94,07,81,151/- �� IARC Pvt. Ltd. Rupee and Foreign Currency Loans 6,63,15,03,749/- Indian Bank Rupee Term Loans 38,72,71,90,080/- �� *as on October 1, 2016, together with further interest thereon with effect from October 1, 2016 at the contractual rates until �� payment / realisation. �� General terms and conditions �� 4. The sale would be on E-Auction platform at website: https://idbi.auctiontiger.net. through e-auction service provider M/s �� e-Procurement Technologies Limited with unlimited extensions of 5 minutes each. 5. The interested bidders shall submit their Bid along with EMD & KYC documents (PAN card / Address proof). On receipt of �� the EMD, the bidders shall receive user id / password on their valid email id (mandatory for e-auction) from the e-auction �� service provider M/s e-Procurement Technologies Limited �� 6. The amount of EMD paid by the interested bidders shall carry no interest. �� 7. The property proposed to be sold is on “as is where is basis”, “as is what is basis”, “whatever there is basis” and “no recourse basis”. All statutory liabilities / taxes / maintenance fee / electricity / water charges etc., outstanding as on �� date and yet to fall due would be ascertained by the bidder(s) and would be borne by the successful bidder. Bank does �� not take any responsibility to provide information on the same. However, to the knowledge of the secured creditors, an �� amount of Rs.84,480/- is due to Hosur Municipality and Rs.30,07,712 towards EPF, as per their noticedated February 25, 2017 with Tax ref no: 153/016/02041 (old tax ref no:153/3101322), Ward 16. & February08, 2019 from EPF regional �� office Salem It shall be the sole responsibility of the bidder to ascertain and bear/pay such dues. �� 8. For detailed procedure, terms and conditions of the auction process, intending bidders may arrange to obtain Bid / �� Tender Document from Shri Ashish Aggarwal, Deputy General Manager, Shri Saisanjeev, Manager, IDBI Bank Ltd, NPA �� Management Group, 7th floor, IDBI Tower, Cuffe Parade, Mumbai 400005 during June 04, 2019 to June18, 2019 on any working day between 11.00 a.m. and 5.00 p.m. on payment of non refundable fees of Rs.1000/- (Rupees One Thousand �� Only) by a crossed A/c Payee Demand Draft/ Pay order drawn in favour of “IDBI Bank Ltd- A/c Saketh India Ltd.” payable �� at Mumbai issued by any Nationalized Bank / Scheduled Bank. �� 9. The bid/tender document can also be downloaded from IDBI website www.idbi.com and https://idbi.auctiontiger.net �� Those bidders preferring to download the Bid/Tender Document shall have to furnish the non refundable fee of Rs.1000/- as at 8 above at the time of submission of the Bid/Tender document with EMD. �� 10. For detailed information on the procedure of e-auction please refer to the Bid / Tender Document and for formalities / �� registration to be completed before e-auction please refer to registration procedure at website https://idbi.auctiontiger.net �� 11. Interested parties may contact Shri Ashish Aggarwal on (T) +91 22 66552047, (M) + 91 9810821579 (ashish. [email protected]), Shri Saisanjeev (T) +91 22 66552524, (M) +91 7715874982 ([email protected]). For �� -auction support, you may contact Mr. Vijay Shetty, Mob. : 06352490773 : 9265562821 & Phone : 079 61200 594 / �� 598 / 559/ 587 / 554 �� Place : Mumbai sd/- �� Date : June 04, 2019 Authorised Officer

The Authorised Officer (AO)

IDBI BANK LIMITED

NPA Management Group – Mumbai Zone IDBI Tower, 7th Floor, WTC Complex, Cuffe Parade Mumbai 400 005

BID/TENDER DOCUMENT

For

Sale of Assets of

Saketh India Limited (Hosur unit)

Under

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

and

The Security Interest (Enforcement) Rules, 2002

Dated: 04.06.2019

CONTENTS

Sr.No Particulars Page No. I Public Notice for Sale published in the newspapers 3-4

II Brief Description – Immovables and Movables/stock 5

III Outstanding dues of Secured Lenders 6

IV Terms & Conditions 7-14

V Brief details of Tender/Bid/Offer document 15

VI Form of Profile of the Bidder - Individual 16-17

VII Form of Profile of the Bidder – Company / Firm /Proprietor/Party 18-19

VIII Form of Appendix to the Bid/Offer (Declaration by the Bidder) 20-22

IDBI Bank Ltd, NPA Management Group - Mumbai Zone, th . IDBI Tower, 7 Floor, WTC Complex, Cuffe Parade, Mumbai 400005 CIN NO:L65190MH2004G0I148838

PUBLIC NOTICE FOR SALE THROUGH E-AUCTION SALE OF MOVABLE/IMMOVABLE/STOCK OF SAKETH INDIA LIMITED Under the terms of the Securitisation and Reconstruction of the Financial Assets and Enforcement of Security Act, 2002

The Authorized Officer (AO) of IDBI Bank Ltd. (IDBI) and on behalf of IFCI Ltd., International Asset Reconstruction Co. Pvt. Ltd. (IARC Pvt. Ltd.) and Indian Bank invites Bids/Offers from reputed and genuine parties for purchase of the following secured assetof M/s Saketh India Ltd. (borrower) under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002, possession whereof has been taken on August 10, 2016. 1. Brief Description of Properties Details Reserve Price EMD a) All those piece and parcel of land bearing Plot No.60, admeasuring Lot I Land & Rs.1155 lakh Rs.116 lakh 5.91 acres or thereabouts, in survey nos 11(Pt.), 12(pt.), 13(pt.), 14(pt.) Building and 15(pt.) in SIPCOT's Industrial Complex at Hosur within the village Lot II Plant & Rs.86 lakh Rs.9 lakh limits of MookandapalliTaluk of Hosur, Sub-Registration District of Machinery Hosur in Dharmapuri Revenue District, in the state of Tamil Nadu Lot III Stock Rs.35 lakh Rs.3 lakh together with all buildings and structures constructed/erected or to be Total Rs.1276 lakh Rs.128 lakh constructed/erected thereon and all plant and machinery attached to the Assets – earth or permanently fastened to anything attached to the earth. Lot I + Lot b) Stock of finished, semi-finished granite tiles and raw materials (as per II+ Lot III the inventory) lying stored and kept in the premises mentioned at ‘a’ above. 2. Important dates Sale of Bid / Tender document June 05, 2019 – June18 ,2019 from 11.00 a.m. to 5.00 p.m. Date of Inspection June 10, 2019 from 11.00 a.m. to 5.00 p.m. Last Date of submission of Bid along with EMD June18, 2019 upto 5.00 p.m. June 20, 2019 from 11.00 a.m. to 1.00 p. m. Date and Time of e –auction (with unlimited extension of 5 mins) 3. The details of the secured lenders and their outstanding dues as on September 30, 2016 is as under: Name of Secured Lender Nature of assistance Amount (Rs.)* IDBI Bank Ltd. Rupee and Foreign Currency Loans 20,84,93,60,090/- IFCI Ltd. Rupee Term Loans 2,94,07,81,151/- IARC Pvt. Ltd. Rupee and Foreign Currency Loans 6,63,15,03,749/-

Indian Bank Rupee Term Loans 38,72,71,90,080/- *as on October 1, 2016, together with further interest thereon with effect from October 1, 2016 at the contractual rates until payment / realisation. General terms and conditions 4. The sale would be on E-Auction platform at website: https://idbi.auctiontiger.net. through e-auction service provider M/s e-Procurement Technologies Limited with unlimited extensions of 5 minutes each. 5. The interested bidders shall submit their Bid along with EMD & KYC documents (PAN card / Address proof). On receipt of the EMD, the bidders shall receive user id / password on their valid email id (mandatory for e-auction) from the e- auction service provider M/s e-Procurement Technologies Limited 6. The amount of EMD paid by the interested bidders shall carry no interest. 7. The property proposed to be sold is on “as is where is basis”, “as is what is basis”, “whatever there is basis” and “no recourse basis”. All statutory liabilities / taxes / maintenance fee / electricity / water charges etc., outstanding as on date and yet to fall due would be ascertained by the bidder(s) and would be borne by the successful bidder. Bank does not take any responsibility to provide information on the same. However, to the knowledge of the secured creditors, an amount of Rs.84,480/- is due to Hosur Municipality and Rs.30,07,712/- towards EPF, as per their notice dated February 25, 2017 with Tax ref no: 153/016/02041 (old tax ref no:153/3101322), Ward 16. & February08, 2019 from EPF regional office Salem It shall be the sole responsibility of the bidder to ascertain and bear/pay such dues. 8. For detailed procedure, terms and conditions of the auction process, intending bidders may arrange to obtain Bid / Tender Document from Shri Ashish Aggarwal, Deputy General Manager, Shri Saisanjeev, Manager, IDBI Bank Ltd, NPA Management Group, 7th floor, IDBI Tower, Cuffe Parade, Mumbai 400005 during June 04, 2019 to June18, 2019 on any working day between 11.00 a.m. and 5.00 p.m. on payment of non refundable fees of Rs.1000/- (Rupees One Thousand 3

Only) by a crossed A/c Payee Demand Draft/ Pay order drawn in favour of “IDBI Bank Ltd- A/c Saketh India Ltd.” payable at Mumbai issued by any Nationalized Bank / Scheduled Bank. 9. The bid/tender document can also be downloaded from IDBI website www.idbi.com and https://idbi.auctiontiger.net Those bidders preferring to download the Bid/Tender Document shall have to furnish the non refundable fee of Rs.1000/- as at 8 above at the time of submission of the Bid/Tender document with EMD. 10. For detailed information on the procedure of e-auction please refer to the Bid / Tender Document and for formalities / registration to be completed before e-auction please refer to registration procedure at website https://idbi.auctiontiger.net 11. Interested parties may contact Shri Ashish Aggarwal on (T) +91 22 66552047, (M) + 91 9810821579 ([email protected]), Shri Saisanjeev (T) +91 22 66552524, (M) +91 7715874982 ([email protected]). For - auction support, you may contact Mr. Vijay Shetty, Mob. : 06352490773 : 9265562821 & Phone : 079 61200 594 / 598 / 559/ 587 / 554 Place : Mumbai sd/- Date : June 04, 2019 Authorised Officer

The above notice was published in the following newspapers on June 04, 2019. i) Business Standard (English)- Chennai edition ii) Business Standard (English)-Bangalore edition iii) Dinakaran (English) - Dharmapuri edition

II. BRIEF DESCRIPTION OF SECURED ASSETS

Sl. Property Description no

1 Land and Building

All those piece and parcel of land bearing Plot No.60, admeasuring 5.91 acres or thereabouts, in survey no.s 11(Pt.), 12(pt.), 13(pt.), 14(pt.) and 15(pt.) in SIPCOT's Industrial Complex at Hosur within the village limits of Mookandapalli Taluk of Hosur, Sub-Registration District of Hosur in Dharmapuri Revenue District, in the state of Tamil Nadu and bounded as follows: On or towards the North by : Feeder Road 12.25 M Wide On or towards the South : Plot No.61 On or towards the East : Drain 10 M Wide On or towards the West : Drain 10 M Wide together with all buildings and structures constructed/erected or to be constructed/erected thereon and all plant and machinery attached to the earth or permanently fastened to anything attached to the earth.

Plant & Machinery Description 2

Sl. No Sr. No. BRIEF DESCRIPTION Sl. No Sr. No. BRIEF DESCRIPTION 1 Block Cutter Machine 13 Cutting Machine Make: Pedrini spa Italy Make: Pedrini spa Italy With 6 nos. cross cutting stations and Year: 1991 cutter. Location : 01 14 Polishing Machine 2 Block Cutter Machine Make: Pedrini spa Italy Make: Pedrini spa Italy With 8 nos cross stations and motors. Year: 1991 Location : 02 15 Polishing Machine Make: Pedrini spa Italy 3 Block Cutter Machine With 8 nos cross stations and motors. Make: Pedrini spa Italy Year: 1991 16 16. Polishing unit Location : 01 Make: Pedrini spa Italy With 4 nos. chamfi stations and motors. 4 Block Cutter Machine Make: Pedrini spa Italy 17 Conveyor with motor unit head Year: 1991 Location : 01 18 Air Compressor Make: Mecco Engineering 5 Cutting machine with frame only Model: M.S. 300

(Rusted condition) Year: 1988

6 Hydraulic stacker 19 Air Compressor Make: Elgi 7 Gantry Crane With Hoist Model: T.S 1500 (rusted) Capacity: 15 H.P. Year: 1993 8 Gantry Crane With Hoist (rusted) 20 Chamfi unit Make: Pedrini spa Italy 9 Hydraulic crane With 4 nos. chamfi stations and motors. Make: Tata QTY: 2 NOS

10 Cutting machine 21 Storage Tanks With platform 6000.00 Material: M. S.

11 POLISHING MACHINE 22 Forklift Type: Manual Without motor 23 Forklift Make: Godrej 12 POLISHING MACHINE Type: Manual 24 Cutter blades Without motor 25 Transformers Qty.:2

Granit tiles & Row materials

Stock of finished, semi-finished granite tiles and raw materials lying, stored and kept in the premises 3. mentioned at 1 above.

III. OUTSTANDING DUES OF THE SECURED LENDERS (as on September 30, 2016)

Name of Secured Lender Nature of assistance Amount (Rs.)

IDBI Bank Ltd. Rupee and Foreign Currency Loans 20,84,93,60,090/-

IFCI Ltd. Rupee Term Loans 2,94,07,81,151/-

IARC Pvt. Ltd. (assignee Rupee Loans and Foreign Currency 6,63,15,03,749/- of Standard Chartered Loans Bank)

Indian Bank Rupee Term Loans 38,72,71,90,080/-

Total : 69,14,88,35,070/-

IV. TERMS AND CONDITIONS

1 The Authorised Officer (AO) exercising the powers under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Security Interest (Enforcement) Rules, 2002 (hereinafter referred to as "the SARFAESI Act") is selling the assets/properties mentioned at item No. II of the Tender Document (hereinafter referred to as the 'Secured Assets'), after taking possession of the assets under the provisions of the SARFAESI Act, 2002 with the assistance of the Tahsildar, Krishnagiri pursuant to the order passed by the District Magistrate, Krishnagiri vide order No.27133/2013/C2 dated December 5, 2015, and the same are being sold free from charges and encumbrances of the secured lenders mentioned at item No.III of the Tender Document. 2 Issue of Tender/ Offer / Bid Document

The Tender Document along with Offer Form is on sale from June 04, 2019 to June 18, 2019 on any working day (except bank holiday) between 11.00 am to 5.00 pm and can be obtained from Shri Ashish Aggarwal, DGM, Shri Saisanjeev, Manager, IDBI Bank Ltd, 7th Floor IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400005 by making payment of non-refundable fee of Rs.1000/- (Rupees One Thousand only) towards cost of the Tender Document by way of crossed A/c Payee Demand Draft/Pay Order drawn in favour of "IDBI Bank Ltd.–A/c Saketh India Ltd." payable at Mumbai issued by any Nationalised Bank/Scheduled Bank The bid document can also be downloaded from IDBI website (www.idbi.com) And (https://idbi.auctiontiger.net). Those bidders preferring to download the Bid Document shall have to furnish the non refundable fee of Rs.1000/- as mentioned above, at the time of submission of the bid along with EMD. It may be noted that there shall be no sale of individual lots and each bidder has to bid for all the lots simultaneously. However bidder should specify his bid for each lot separately.Bidders who have downloaded the Bid / Tender Documents from IDBI website (www.idbi.com) or from the website of the e-auction service provider (https://idbi.auctiontiger.net) have the option to pay Rs.1000/- (Rupees one thousand only) towards the cost of the same, by way of RTGS also. In case, the amount is remitted by way of RTGS (in favour of IDBI Bank Limited, Account No.100037000010052, IFSC Code: IBKL0001000, Branch: Bandra Kurla Complex, Mumbai), bidders must indicate RTGS UTR No., amount remitted and date in the appropriate space in the Bid Forms.

3 Reserve Price and Earnest Money Deposit (EMD) Details Reserve EMD Price Lot I Land & Building Rs.1155 lakh Rs.116 lakh Lot II Plant & Machinery Rs.86 lakh Rs.9 lakh Lot III Stock Rs.35 lakh Rs.3 lakh Lot IV Total Assets – Lot I + Lot II + Lot III Rs.1276 lakh Rs.128 lakh

4 The sale of Secured Assets is on “As is where is”, “As is what is & whatever there is” and ‘without recourse” basis. The description of the immovable properties is based on the mortgages created by the Borrower with the secured lenders from time to time and the representations made by them. The description of movable properties/stock is based on the inventory prepared by the agency appointed by the AO showing the status as on August 10, 2016. The AO or the other secured lenders do not take or assume any responsibility for any shortfall of the movable/immovable/stock assets or for procuring any permissions, etc. or for the dues of any authority established by law. It is expressly made clear that the AO/secured lenders do not take or assume any responsibility for any dues, statutory or otherwise, of Saketh India Ltd. including such dues that may affect transfer of the assets in the name of the purchaser and such dues, if any, will have to be borne/paid by the purchaser. However, to the knowledge of the secured creditors, an amount of Rs.84,480/- is due to Hosur Municipality and Rs.30,07,712 towards EPF, as per their notice dated February 25, 2017 with Tax ref no: 153/016/02041 (old tax ref no:153/3101322), Ward 16. & February08, 2019 from EPF regional office Salem respectively.. It shall be the sole responsibility of the purchaser to ascertain and bear/pay such dues. 5 Inspection of assets The interested parties may inspect the asset at their own cost between 11.00 a.m. and 5.00 p.m. on the assigned date viz. June 10, 2019, in the presence of a representative of the AO available at the site to facilitate the inspection. 6 Due Diligence by the Bidders The interested parties may carry out their own comprehensive due diligence in respect of the Secured Assets including any dues relating to the Secured Assets. A bidder shall be deemed to have full knowledge of the condition of the assets, relevant documents, information, etc. whether the bidder actually verifies or not. 7 The bidders shall be deemed to have inspected and approved the Secured Assets to their entire satisfaction and for the purpose, the Bidders may, in their own interest and at their

own cost, verify the area of the premises and details of movable assets/stock and any other relevant information before submitting the Bids. It shall be presumed that the bidder has satisfied himself/herself about the names, descriptions, particulars, quantities, qualities, specifications, measurements, boundaries and abuttals of the assets/properties and that the bidder concurs or otherwise admits the identity of the assets/properties purchased by him/her notwithstanding any discrepancy or variation, by comparison of the description in the particulars of the assets/properties and their condition. 8 The Bidder shall not be entitled to receive re-imbursement of any expenses which may have been incurred in preparation of the Bid/Offer for submission and/or for carrying out due diligence, search of titles to the assets and matters incidental thereto or for any other purpose in connection with purchase of the assets under reference. 9 Submission of Tender/Offer The Bidder shall complete in all respects the Offer form(s) annexed to the Tender Document, and furnish the information called for therein and shall sign and date each of the documents in the space provided therein for the purpose. The Bidder shall initial each page of the Offer. Offers received for sale and / or accepted are not transferable. The Format for submission of Profile of the bidder are given in Chapter VI & VII respectively of this Tender Documents. The format in Chapter VI is for Individuals and The format in Chapter VII is Company / Proprietorship / Partnership firms. Bidders may fill in only the form relevant to them. The Bidders are also required to submit a declaration as per the format in Chapter VIII of this Bid/Tender document. 10 The Tender/Offer shall be signed by a person or persons duly authorized by the Bidder with the signature duly attested. 11 The Tender/Offer shall contain the full address, Telephone No., Fax No., e-mail-ID, if any, of the Bidder for serving notices required to be given to the Bidder in connection with the Offer. 12 The Tender/Offer form shall not be detached one from the other and no alteration or mutilation (other than filling in all the blank spaces) shall be made in any of the documents attached thereto. 13 Last date for submission of Tender/Offer /Bid Document The interested parties may submit Tender / Offer / Bid Document duly filled and signed along with the required documents to the AO, Shri Ashish Aggarwal, DGM / Shri Saisanjeev, Manager, IDBI Bank Ltd, 7th Floor IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400005,

not later than 5 pm on June 18, 2019, in a sealed cover which shall be superscribed “EMD for Saketh India Ltd.-Hosur unit”. The amount of EMD for each lot is as under : Details EMD Lot I Land & Building Rs.116 lakh (Rupees One Hundred and Sixteen Lakh only) Lot II Plant & Machinery Rs.9 lakh (Rupees Nine Lakh only) Lot III Stock Rs.3 lakh (Rupees Three Lakh only) Lot IV Total Assets- Lot I Rs.128 lakh (Rupees One Hundred and Twenty Eight + Lot II + Lot III Lakh only)

and the other sealed cover containing the Tender Document superscribed “Tender Document –Saketh India Ltd.– Hosur unit – ____ .

Remittance of EMD by way of RTGS Bidders who prefers to submit the EMD by way RTGS, may remit the EMD amount in favour of IDBI Bank Limited, Account No. 100037000010052, IFSC Code: IBKL0001000, Branch : Bandra Kurla Complex, Mumbai. Such bidders must indicate RTGS UTR No., Amount remitted and date in the appropriate space in the Bid Forms.

Bidders who have downloaded the Bid / Tender Documents from IDBI website www.idbi.com or from the website of the e-auction service provider https://idbi.auctiontiger.net must pay Rs.1000/- (Rupees one thousand only) towards the cost of the same, by way of DD/ PO or by way of RTGS. In case, the amount is remitted by way of RTGS, bidders must indicate RTGS UTR No., Amount remitted and date in the appropriate space in the Bid Forms. 14 The bidder/representative whose Tender/ Offer /Bid Document is complete in every respect and whose Demand Draft/Pay Order for EMD is found to be in order and /or remittance by way of RTGS proceeds is credited into the account indicated well before the cut-off time will be permitted to participate in the e -auction process. Bank does not take any responsibility and will not entertain any complaint for any delay in transfer of funds by way of electronic mode. Form of Tender /Offer/ Bid, if found incomplete in any respect, shall be liable for outright rejection.

15 Registration with E-Auction Service Provider

1. Participants who are not already registered with the e-auction provider M/s E- Procurement Technologies Limited should register themselves by following the procedure mentioned at the website: https://idbi.auctiontiger.net 2. The participants intending purchasers are necessarily required to submit following documents / papers for registration to M/s.e-Procurement Technologies Limited

a. SOI Form duly signed & filled up. Please download from https://idbi.auctiontiger.net b. Self attested copy of Pan Card c. Self Attested valid residential proof (Voter Id card, Passport copy, Ration card, telephone bill, electric bill - any one) d. Self attested valid e mail id and mobile no. The user id and password will be then sent directly to the registered participants / intending purchasers whose Bid Document is complete in every respect and whose Demand Draft/Pay Order for EMD is found to be in order and /or remittance by way of RTGS proceeds is credited into the account indicated well before the cut-off time and the documents with further directions by the e- auction provider company, if any, for log in and participating in the auction through online process.

After receiving the user-id / password, in case any bidders feel the need for training / e – auction support, such bidders may contact M/s. e-Procurement Technologies Limited officials auction support, you may contact Mr. Vijay Shetty, Mob. : 06352490773 : 9265562821 & Phone : 079 61200 594 / 598 / 559/ 587 / 554 for e Bank/ AO / e-auction service provider will not be responsible for any error occurred due to power failure / computer hardware or software error / network error etc. at the time of e-auction.

16 The e- auction day : June 20, 2019 from 11.00AM to 1.00 PM

The initial 10 minutes of each auction will be kept open for all the intending bidders to bid. The auction would be held with unlimited extensions of 5 minutes each, if required, on e- auction platform at website: https://idbi.auctiontiger.net. In case no further valid bids are received during the extended period, the last highest bid received would be treated as the successful bid and auction would be treated as closed/terminated. Increase in Bid Amount : It may be noted that increase in bid amount, if any, during the e-auction period shall be made as under.  In multiples of Rs.1,00,000/- for each lot Increase in bid amount below Rs.1,00,000 /- will be rejected. First bid should be of at least equal to Reserve Price or increment(s) over the Reserve Price in multiples as above. 17 AO reserves the right to retain the EMD of top three bidders upto three months from the date of e -auction and the amount of EMD will not carry any interest. The Bids so retained will be valid for two months from the date of e-auction or till further extension of time as may be approved by the AO. The EMD of other bidders will be returned within 7 days from the date of e-auction. 18 Payment of Sale Price The successful bidder would be informed in writing about the acceptance of his/her bid/offer by the AO and will be required to pay a deposit 25% of the sale price (less the amount of EMD) immediately i.e. on the same day or not later than next working day from the date of letter intimating acceptance of his/her bid by crossed A/c Payee Demand Draft/Pay Order drawn in favour of "IDBI Bank Ltd.-A/c Saketh India Ltd.– payable at Mumbai issued by any Nationalised Bank/Scheduled Bank or by way of RTGS in favour of IDBI Bank Limited, Account No. Account No. 100037000010052, IFSC Code: IBKL0001000, Branch : Bandra Kurla Complex, Mumbai. The balance amount of the sale price shall have to be paid within 15 days of the date of letter intimating acceptance of his/her bid or by July 04, 2019, by way of crossed A/c Payee Demand Draft/Pay Order drawn in favour of "IDBI Bank Ltd.-A/c Saketh India Ltd – " payable at Mumbai issued by any Nationalised Bank/Scheduled Bank or by way of RTGS in favour of IDBI Bank Limited, Account No. Account No. 100037000010052, IFSC Code: IBKL0001000, Branch : Bandra Kurla Complex, Mumbai) or such extended period as may be agreed upon in writing between the successful bidder and secured creditor.

19 In case the successful bidder fails to deposit 25% of the sale price, the AO shall forfeit the EMD and if the successful bidder backs out after paying 25% of the sale price, then AO shall forfeit the 25% of the sale consideration so deposited including the EMD. 20 The defaulting successful bidder shall forfeit all claims to the assets or to any part of the sum for which it may be subsequently sold. 21 On confirmation of sale and if the terms of payment have been complied with, the AO exercising the power of sale shall issue Certificate of Sale for the movable/stock and immovable property in favour of the purchaser as per the format provided in the Security Interest (Enforcement) Rules, 2002. 22 The successful Bidder shall, after making full payment of sale price within 15 days of acceptance of bid/offer or such extended period as may be granted by the AO at his sole and absolute discretion, arrange to take possession of the Secured Assets immediately thereafter. It is explicitly stated that once the Sale Certificate is issued by the AO, the AO shall not be held responsible for security and safe-keeping of the Secured Assets and buyer shall be solely responsible for the same. 23 The purchaser will be required to bear all the necessary expenses like stamp duty, registration expenses, etc. for transfer of assets in his/her name. It is expressly stipulated that there are no implied obligations on the part of the AO or the secured lenders and it shall be solely the obligation of the Bidder, at his/her cost, to do all acts, things and deeds whatsoever for the completion of the sale including payment of all statutory liabilities / housing society tax / maintenance fee / electricity / water charges etc., outstanding as on date and yet to fall due would be ascertained by the bidder(s) and would be borne by the successful bidder to get the assets transferred in his /her/their name. Bank does not take any responsibility to provide information on the same. However, to the knowledge of the secured creditors, an amount of Rs.84,480/- is due to Hosur Municipality and Rs.30,07,712/- towards EPF, as per their notice dated February 25, 2017 with Tax ref no: 153/016/02041 (old tax ref no:153/3101322), Ward 16. & February08, 2019 from EPF regional office Salem. It shall be the sole responsibility of the bidder to ascertain and bear/pay such dues. 24 The submission of the Bid/Offer means and implies that the Bidder/Offerer has unconditionally and irrevocably agreed to and accepted all the above terms and conditions of the Bid/Offer laid down herein. 25 The time hereinabove fixed for the observance and performance by the bidder of any of the obligations to be observed by him/her under these conditions is and shall be deemed to be of the essence. 26 General Terms and Conditions

The AO shall be at liberty to amend/modify/delete/drop any of the above conditions as may be deemed necessary in the light of the facts and circumstances. 27 The entire procedure of e – auction, the sequence of inter-se bidding etc. shall be at the sole and absolute discretion of the AO and the intending bidders shall have no right whatsoever to object to the same. 28 The AO reserves the right and liberty to accept/reject any or all the Bids/Offers and also reserves the right to cancel the entire sale process without assigning any reasons. In case all the bids are rejected or the successful bidder fails to make payments as required in the Bid Document or withdraws his/her bid, the AO, at her sole and absolute discretion, reserves the right to go for re-bidding or sell the assets by any of the modes as prescribed in the SARFAESI Act including sale by negotiation with any of the bidders and/or other parties by private treaty and the Bidders shall have no right to object to the same. 29 In the event the said sale in favour of the bidder not being confirmed by AO for any reason, or if the sale is set aside by an order of the Court/Tribunal, then in that event the sale shall be void and the bidder shall, in that event be entitled only to receive back his/her Earnest Money Deposit (EMD) or purchase money as the case may be, but without interest, and the bidder shall not be entitled to be paid his costs, charges and expenses of and incidental to the said sale and investigation of title or any other costs incurred by him/her. 30 Notwithstanding anything stated elsewhere in this Tender Document, the AO reserves the right to call off the sale process at any point of time without assigning any reasons. 31 Jurisdiction All disputes arising amongst the parties shall be adjudicated according to Indian Law and the Courts in Mumbai alone shall have jurisdiction to entertain /adjudicate such disputes.

V. BRIEF DETAILS OF TENDER/OFFER DOCUMENT

TENDER/OFFER FORM FOR PURCHASE OF SECURED ASSETS/PROPERTY OF SAKETH INDIA LTD.

LOCATED AT DHARMAPURI DISTRICT, HOSUR, TAMIL NADU

1 Issue of Bid/Offer : The Tender/Offer Document can be obtained from Shri Ashish Document Aggarwal, Deputy General Manager, Shri Saisanjeev, Manager, IDBI Bank Ltd, NPA Management Group, 7th floor, IDBI Tower, Cuffe Parade, Mumbai 400005from June 05, 2019 to June 18, 2019 on any working day (except Saturday) between 11.00 am to 5.00 pm on payment of non refundable fees of Rs. 1000/- (Rupees One Thousand Only) by a crossed A/c Payee Demand Draft/ Pay order drawn in favour of “IDBI Bank Ltd- A/c Saketh India Ltd.” payable at Mumbai issued by any Nationalized bank / Scheduled Bank. The Tender/Offer Document can also be downloaded from IDBI website (www.idbibank.com) And (https://idbi.auctiontiger.net). Those bidders preferring to download the Bid Document from the website shall have to furnish the non-refundable fee of Rs.1000/- (Rupees One Thousand only) as mentioned above at the time of submission of the tender document. Interested parties can participate in the e-auction for only one lot or all, as they desire. Separate Tender Documents along with EMD to be submitted for each lot. 2 Date of Inspection June 10, 2019 from 11.00 a.m. to 5.00 p.m. 3 Cost of the : Rs. 1000/- (Rupees One Thousand Only). Tender/Offer Document Separate Tender Document to be submitted for each lot. 4 Last Date and time for : June 18, 2019 upto 5 pm submission of Tender Document together with EMD 5 Place, Date and time : Place: e-auction platform at website: (https://idbi.auctiontiger.net) of E-Auction Date : June 20, 2019 Time : 11 am to 1 pm with unlimited extensions of 5 minutes each beyond 1 am, if required. The initial 10 minutes of each auction will be kept open for all the intending bidders to bid. * * *

VI. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER- INDIVIDUAL

For purchase of secured assets / property of M/s Saketh India Ltd. located at Dharmapuri District, Hosur, Tamil Nadu owned by the borrower company/ promoters / directors of the above company

(To be filled and submitted by the Bidder/Offerer)

1 a) Full Name of the : Bidder/Offerer (in Block letters) b) Complete Postal Address with : PIN Code, Telephone Nos.; Fax Nos.; Website, etc. c) Mobile Nos.

d) E-mail ID

2 Brief particulars of business (if : any) 3 Relationship, if any, the : Bidder/Offerer has with any employee of IDBI Bank Ltd. 4 Name and particulars of the : Company/Firm/Person in whose name the Secured Assets/property are to be purchased 5 Details of Purchase of Tender Document of Rs.1000/- mentioning the lot No. i) Form No. ii) Demand Draft No. / Pay Order No.

iii) Date of Demand Draft / Pay Order iv) Name of the issuing Bank and Branch Bidders who have downloaded the Bid / Tender Document from IDBI website www.idbi.com And www.bankauctions.in and prefers to remit Rs.1000/- separately by way RTGS must indicate RTGS UTR No., Amount and date. RTGS UTR NO. : Amount remitted : Date :

6 Details of Earnest Money : Deposit (EMD) (mention Lot No.) i) Demand Draft No. / : Pay Order No.

ii) Date of Demand Draft / : Pay Order iiii) Name of the issuing : Bank and Branch Bidders who prefer to submit the EMD by way RTGS, must indicate RTGS UTR No., Amount remitted and date. RTGS UTR NO. : Amount remitted : Date : 7 Income Tax Permanent Account : Number(s) (PAN) of Bidder /Offerer 8 Bank details in case of refund to : the bidder 9 Details of offer : Lot I – Rs.______Lot I (not belowRs.1155 lakh) Lot II (not below Rs.86 lakh) Lot II- Rs.______Lot III (not below Rs.35 lakh) Lot IV (not below Rs.1276 lakh) Lot III- Rs. ______

Lot IV- Rs. ______

* Each and every information and documents to be submitted is mandatory.

I/We have read and understood the detailed terms and conditions of the sale and have also read, perused and understood all the relevant papers and have carried out my/our own due diligence. In case any information is found to be incorrect/ incomplete, I/We shall not hold the Authorised Officer or secured lenders responsible for the same and shall not have any claim whatsoever against either of them.

Signature of the duly authorised official of the Bidder/Offerer

Name and Designation of the Authorised Signatory Place :

Date :

VII. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER

COMPANY/ PARTNERSHIP/ PROPRIETORSHIP

For purchase of secured assets / property of M/s Saketh India Ltd. located at Dharmapuri District, Hosur, Tamil Nadu owned by the borrower company/ promoters/directors of the above company (To be filled and submitted by the Bidder/Offerer) 1. a) Name of the Company/ Firm/ Party (in Block letters) b) Complete Registered Address

c) Complete Correspondence Address with PIN Code, Telephone Nos.; Fax Nos.; Website, etc. 2. Date of Incorporation 3. Constitution (Private/Public/Joint) 4. Name of Chairman 5. Name of Managing Director / Partners 6. Board of Directors a) b) c) d) e) f) 7. Income tax PAN No. (attested copy of PAN card of the company to be attached) 8. Date of Last Income Tax Return (Enclose copy of last 3 years' Income Tax clearance certificate) 9 a) Full Name of the Authorised Person to : carry out e- auction on behalf of the company/firm /party (in Block letters) (Original Authorised letter to be attached to carry out the e-auction process) b) Complete Postal Address of the Authorise : person with PIN Code, Telephone Nos.; Fax Nos.; Website, etc. c) Mobile Nos. d) E-mail ID 10 Designation of the Authorize Person : 11 Relationship, if any, the Bidder/Offerer has : with any employee of IDBI Bank Ltd. 12 Details of Purchase of Tender Document of Rs.1000/- (mention lot No.)

i) Form No. ii) Demand Draft No. / Pay Order No. iii) Date of Demand Draft / Pay Order iv) Name of the issuing Bank and Branch Bidders who have downloaded the Bid / Tender Document from IDBI website www.idbi.com And www.bankauctions.in and prefers to remit Rs.1000/- separately by way RTGS must indicate RTGS UTR No., Amount and date. RTGS UTR No. Amount remitted Date 13 Details of Earnest Money : Deposit (EMD) (mention lot no.) i) Demand Draft No. / : Pay Order No. ii) Date of Demand Draft / : Pay Order iiii) Name of the issuing : Bank and Branch 14 Bank details in case of refund to the Bidder 15 Details of offer Lot I – Rs.______Lot I (not belowRs.1155 lakh) Lot II (not below Rs.86 lakh) Lot II- Rs.______Lot III (not below Rs.35 lakh) Lot IV (not below Rs.1276 lakh) Lot III- Rs. ______

Lot IV- Rs. ______* Each and every information and documents to be submitted is mandatory.

Signature:

Name of the Authorised Person :

Designation :

Company Seal All authorizations should be annexed to this form.

VIII. FORM OF APPENDIX TO THE BID/OFFER (DECLARATION BY THE BIDDER) (ON STAMP PAPER OF RS.100/-)

FORM OF BID/OFFER (Note: This Appendix forms part of the Bid/Offer) To, Shri Ashish Aggarwal, Authorised Officer, NPA Management Group,. IDBI Tower, 7th Floor, WTC Complex, Cuffe Parade, Mumbai 400 005

Sir, Sale of Secured Assets / Property of M/s Saketh India Ltd. located at Dharmapuri District, Hosur, Tamil Nadu

1 Having fully examined and understood the terms and conditions of the Tender Document and condition and status of the Secured Assets/property, I/We offer to purchase the said Secured Assets strictly in conformity with the terms and conditions of this Tender/Offer Document.

2 I/We understand that if my/our Bid/Offer is accepted, I/We shall be responsible for the due observance and performance of the terms and conditions of the Tender/Offer and acquire the Secured Asset/property. Should I/We fail to execute and perform the terms and conditions when called upon to do so, the Earnest Money Deposit (EMD) shall be forfeited.

I/We further understand that if my/our Bid/Offer is accepted, should I/we fail to deposit the balance amount of 75% of the sale consideration (after having paid 25% of the sale consideration) by the stipulated date, the said amount of 25% of the sale consideration (including Earnest Money Deposit) or any further amount/s paid by me/us shall also be forfeited, as laid down in the terms and conditions of the Bid Document.

I/We further understand that if my/our Bid/Offer is accepted, after making full

payment of the sale price within 15 days of acceptance of bid/offer or such extended period as may be granted by the AO at her sole and absolute discretion, I/we shall arrange to take possession of the secured assets within a maximum of 30 days. I/We understand that once the Sale Certificate is issued by the AO, the AO shall not be held responsible for security and safe-keeping of the secured assets. We further understand that in the event I/We fail to take possession of the Secured Assets as stated above, the AO reserves the right to revoke the sale confirmed in my/our favour.

3 I/We clearly understand and accept that the Authorised Officer or the secured lenders do not take or assume any responsibility for any dues, statutory or otherwise, of M/s Saketh India Ltd. including such dues that may affect transfer of the assets in the name of the purchaser and such dues, if any, will have to be borne/paid by me/us in case my/our Bid/offer is accepted.

4 I/We understand that you are not bound to accept the highest or any Bid/Offer you may receive. Further, I/we will not raise any objection in case the Authorised Officer goes for re-bidding or sell the assets by any of the modes as prescribed in the SARFAESI Act including sale by negotiation with any of the bidders and/or other parties by private treaty.

5 I/We understand that time is the essence for completing the acquisition formalities of the Secured Assets/property and I/we agree and undertake to abide by it.

6 I/We also enclose a Demand Draft/Pay Order of value Rs.116 lakh (Rupees One Hundred & Sixteen Lakh only) -Lot I / Rs.9 lakh (Rupees Nine Lakh only) - Lot II / Rs.3 lakh (Rupees Three Lakh only) - Lot III and Rs.128 lakh (Rupees One Hundred & Twenty Eight Lakh only) – Lot IV towards Earnest Money Deposit (EMD) in the name of "IDBI Bank Ltd.-A/c M/s Saketh India Ltd." payable at Mumbai Or I/ We have remitted Rs.116 lakh (Rupees One Hundred & Sixteen Lakh only) -Lot I / Rs.9 lakh (Rupees Nine Lakh only) - Lot II / Rs.3 lakh (Rupees Three Lakh only) - Lot III and Rs.128 lakh (Rupees One Hundred & Twenty Eight Lakh only) – Lot IV towards Earnest Money Deposit (EMD) to IDBI Bank Ltd by way of RTGS amount in favour of IDBI Bank Limited, Account No. 100037000010052, IFSC Code: IBKL0001000, Branch : Bandra Kurla Complex, Mumbai).

7 We understand that the EMD will not carry any interest.

8 We understand that the Bid/Offer should be unconditional and Bid/Offer having conditions contrary to the terms and conditions of the Tender/Offer document can be summarily rejected.

Place : Dated ...___ day of ______2019

Signature ...... ………………………. in the capacity of ...... duly authorised to sign Bid/Offer for and on behalf of ......

(Name and address of the Bidder/Offerer) (IN BLOCK CAPITALS)

WITNESS :

Signature : ......

Name & Address : ......

Occupation : ......