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The Authorized Officer (AO)

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The Authorized Officer (AO) The Authorized Officer (AO) of IDBI BANK LIMITED Basheerbagh Square, Mahaveer House, Basheerbagh, Hyderabad–500029 TENDER DOCUMENT For Sale of Assets Details of the immovable secured assets Sr. Assets Owned and Mortgaged by Shri Muppa Venkateswara Rao & Smt. P. Lakshmi No. Kumari 1 All that piece and parcel of the Plot bearing No.178, admeasuring 548 Sq. Yds in Sy.Nos 66 and 67, situated at Najeeb Nagar Village and Gram Panchayat, Moinabad Mandal, Ranga Reddy district, sub- District Chevella and Registration District Ranga Reddy standing in the name of Smt. P. Lakshmi Kumari and bounded by: East: Plot No.141, West: 33 feet wide Road, North: Plot No.179, South: 33 feet wide Road. 2 All that piece and parcel of the Plot bearing No.137, admeasuring 400 Sq. Yds in Sy. Nos 66 and 67, situated at Najeeb Nagar Village and Gram Panchayat, Moinabad Mandal, Ranga Reddy district, sub- District Chevella and Registration District Ranga Reddy in the name of Shri Muppa Venkateswara Rao and bounded by: East : 33 feet wide Road, West: Plot No.182, North: Plot No.136, South: Plot No.138. Sale Under the provisions of The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and The Security Interest (Enforcement) Rules, 2002 Page 1 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions CONTENTS Sr.No Particulars Page No. I Possession Notice 3-6 II Public Notice for auction published in the newspapers 7 III Brief Description – Immovable Properties 8 IV Outstanding dues of IDBI Bank 8 V Terms & Conditions 9-16 VI Form - Profile of the Bidder – Individual 17-18 VII Form - Profile of the Bidder – Company/ Partnership / 19-20 Proprietorship VIII Form - Appendix to the Bid/Offer (declaration by the Bidder) 21-25 IX Form – confirmation by Bidder 26 X Form – Price confirmation letter by bidder – Annexure V 27 IMPORTANT DATES & INFORMATION Minimum Bid Incremental Amount Rs 10,000/- (Rupees Ten Thousand Only) May 29, 2019 to June 19, 2019 Sale of Bid/ Tender Document till 5 P.M (excluding Bank holidays) Date of Inspection June 15, 2019 (11 am to 1 pm) Last date of submission of Bids along June 18, 2019 till 4.00 pm with EMD June20, 2019 Date of E-Auction (11.00 A.M to 12.00 Noon) Page 2 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions Page 3 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions Page 4 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions Page 5 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions The above possession notice was published as below. S.No. Newspapers Edition Date Published 1 The Vishal Andhra (Telugu) Hyderabad 08.01.2014 2 The Business Standard( English) Hyderabad 08.01.2014 Page 6 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions Page 7 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions The above E-auction notice was published as below. S.No. Newspapers Edition Date Published 1 Times of India (English) Hyderabad 29.05.2019 2 Sakshi (Telugu) Hyderabad 29.05.2019 III. BRIEF DESCRIPTION OF THE ASSETS Details of Properties Details of the immovable secured assets Sr. Assets Owned and Mortgaged by Shri Muppa Venkateswara Rao & Smt. P. Lakshmi Kumari No. 1 All that piece and parcel of the Plot bearing No.178, admeasuring 548 Sq. Yds in Sy.Nos 66 and 67, situated at Najeeb Nagar Village and Gram Panchayat, Moinabad Mandal, Ranga Reddy district, sub-District Chevella and Registration District Ranga Reddy standing in the name of Smt. P. Lakshmi Kumari and bounded by: East: Plot No.141, West: 33 feet wide Road, North: Plot No.179, South: 33 feet wide Road. 2 All that piece and parcel of the Plot bearing No.137, admeasuring 400 Sq. Yds in Sy. Nos 66 and 67, situated at Najeeb Nagar Village and Gram Panchayat, Moinabad Mandal, Ranga Reddy district, sub-District Chevella and Registration District Ranga Reddy in the name of Shri Muppa Venkateswara Rao and bounded by: East : 33 feet wide Road, West: Plot No.182, North: Plot No.136, South: Plot No.138. IV. Outstanding dues of IDBI Bank (Sole lender) in the Account of M/s Muppa Imaging Solutions as on 01.05.2019 (Amount in Rs) Particulars Principal Interest & others Total Working Capital Rs.80,00,000/- Rs. 1,83,74,808.39/- Rs. 2,63,74,808.39/- & Term Loan Together with further interest and expenses thereon from October 01, 2018 to till the date of payment. ****** Page 8 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions TERMS AND CONDITIONS 1 The Authorized Officer (AO) exercising the powers under the Securitization 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. III of the Tender Document (hereinafter referred to as the 'Secured Assets'). 2 Issue of Tender/ Offer / Bid Document The Tender Document along with required Forms is available from May 29, 2019 to June 19, 2019 on any working day between 11.00 am to 5.00 pm from Monday to Saturday and can be obtained from Shri D T Srinivasa Rao, Authorized Officer, IDBI Bank Limited., Basheerbagh Square, Mahaveer House, Basheerbagh, Hyderabad – 500 029 OR The Tender Document can also be downloaded from IDBI website (www.idbi.com) and https://www.c1india.com or [email protected] the website of e-auction service provider M/s C1 India Pvt. Ltd. 3 Reserve Price & Earnest Money (EMD) The Reserve price for the sale of the Secured Assets is fixed as under: [Rs. Lakh] Property Details Physical Reserve EMD Possession Price taken on Brief Description of Property: 1. All that piece and parcel of the Plot bearing No.178, admeasuring 548 Sq. Yds in Sy.Nos 66 and 67, situated at Najeeb Nagar Village and Gram Panchayat, Moinabad Mandal, Ranga Reddy district, sub-District Chevella and 04.01.2014 21.92 2.19 Registration District Ranga Reddy standing in the name of Smt. P. Lakshmi Kumari and bounded by: East: Plot No.141, West: 33 feet wide Road, North: Plot No.179, South: 33 feet wide Road. 2. All that piece and parcel of the Plot bearing No.137, admeasuring 400 Sq. Yds in Sy. Nos 66 and 67, situated at Najeeb Nagar Village and Gram Panchayat, Moinabad Mandal, Ranga Reddy district, sub-District Chevella and 04.01.2014 16.00 1.60 Registration District Ranga Reddy in the name of Shri Muppa Venkateswara Rao and bounded by: East: 33 feet wide Road, West: Plot No.182, North: Plot No.136, South: Plot No.138. Page 9 of 27 E Auction Notice – Bid Document M/s Muppa Imaging Solutions i. The sale of Secured Assets is on “As is where is”, “As is what is & whatever there is” 4 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. ii. Authorized Officer (AO) does not take or assume any responsibility for any shortfall of the immovable assets or for procuring any permission, etc. or for the dues of any authority established by law. All statutory liabilities / taxes / maintenance fee / electricity / water charges etc., outstanding as on date and/or yet to fall due would be ascertained by the bidder(s) and would be borne by the successful bidder. It is expressly made clear that AO / Bank do not take any responsibility to provide information on the same. AO / Bank does not take or assume any responsibility for any dues, statutory or otherwise, of M/s Muppa Imaging Solutions 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. iii. Details of encumbrances known to the secured creditor are Nil. However the prospective bidders are advised to satisfy themselves regarding encumbrances, if any, over the above properties. 5 Inspection of assets The interested parties may inspect the assets at their own cost on June 15, 2019 between 11.00 A.M. to 1.00 P.M. 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 inspects or visits or 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 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.
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