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IDBI Bank Ltd The Authorized Officer (AO) Of IDBI Bank Ltd. 3-3-54/A, Kachiguda Station Road, Hyderabad - 500 027 BID DOCUMENT For Sale of Assets (Immovables) of mortgaged in r/o M/s Durga Enterprises situated at H No.17-1- 210/6/4/D/2 admeasuring 121 sq yards situated at Madannapet, Hyderabad (Sale Deed Doc No.4091/2014) and Flat No.301, 3rd Floor, Durga Niwas situated at Manikonda, Ranga Reddy District, Hyderabad in the State of Telangana (Sale Deed Doc No.371/09) Sale under the provisions of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 And The Security Interest (Enforcement) Rules, 2002 Date: August 13, 2019 Page 1 of 22 CONTENTS Sr.No Particulars Page No. I Possession Notice 3 II Public Notice for E-auction published in the newspapers 4 III Brief Description – Immovable Properties 5 IV Outstanding dues of IDBI Bank 6 V Terms & Conditions 07-16 VI Form - Profile of the Bidder - Individual 17-18 VII Form - Profile of the Bidder – Company / Firm /Party 19-20 VIII Form - Appendix to the Bid/Offer (declaration by the Bidder) 21-22 ***** Page 2 of 22 (I) POSSESSION NOTICE DATED 21-05-2019 The above notice was published in the following newspapers on 25-05-2019 in: (i) The Times of India (English), Hyderabad (ii) Eenadu, Hyderabad Page 3 of 22 (II) PUBLIC NOTICE FOR E-AUCTION DATED 13-08-2019 The above notice was published in the following newspapers on 13-08-2019 in: (i) The Times of India (English), Hyderabad (ii) Eenadu (Telugu), Hyderabad Page 4 of 22 (III) BRIEF DESCRIPTION OF THE ASSETS Sr No. Property Description. 1. All that the House No 17-1-210/6/4/D/2, admeasuring 121 sq yards situated at Madannapat, Hyderabad, Telangana - 500036 and registered in the name of Sri Purshottam Das Gupta, S/o Shri Matadin Gupta. 2. All that the Flat No-301, 3rd Floor, Durga Niwas, situated at Plot No-B-7/part & B- 1. 8/part in survey nos 64,66,67/A,68,69 & 70 admeasuring 1200 sq ft situated at Manikonda Village and Gram Panchayat -Jagir, Rajendra Nagar, District Ranga Reddy, Telangana - 500030 and registered in the name of Shri. Purshottam Das Gupta S/o Shri Matadin Gupta, Smt. Chanda Devi, W/o Shri Purshottam Das Gupta and Shri Durgesh Kumar Gupta S/o Shri Purshottam Das Gupta. Page 5 of 22 (IV) OUTSTANDING DUES OF IDBI BANK (SOLE LENDER) IN THE ACCOUNT OF M/s DURGA ENTERPRISES Binding as on 06-08-2019 (Amt in Rs.) Particulars Principal Interest & others Total (Expenses) Cash Credit Rs.1,10,00,000.00 Rs. 16,46,415.00 Rs.1,26,46,415.00 TOTAL Rs.1,10,00,000.00 Rs. 16,46,415.00 Rs.1,26,46,415.00 Total dues as on 06-08-2019: Rs 1,26,46,415.00 plus further interest and other expenses and other costs till last date of payment. Page 6 of 22 (V) 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. III of the Bid Document (hereinafter referred to as the 'Secured Assets'). 2. Issue of Bid Document The Bid Document along with required Forms is available from 20-08-2019 to 11-09-2019 on any working days between 10.00 am to 4.00 pm with Authorised Officer, IDBI Bank Ltd., Kachiguda Branch, 3-3-54/A, Kachiguda Station Road, Hyderabad – 500 027, Telangana, Tel No.040-2465 7515 & 2465 3064, Email : [email protected] free of charge. The Bid Document can also be downloaded from IDBI website (www.idbi.co.in) and the website of e-auction service provider (https://idbi.auctiontiger.net) 3. Reserve Price The Reserve price for the sale of the Secured Assets is fixed as under: S No. Property Details Reserve Price 1. House No.17-1-210/6/4/2 admeasuring 121 sq yards situated at Madannapet, Hyderabad, Telangana – 500 036 and registered in the name Rs.38,11,500.00 of Shri Purshottam Das Gupta, S/o Matadin Gupta 2. Flat No.3-1, 3rd Floor, Durga Niwas situated at Plot No.B-7/part & B-8/part in Sy Nos.64, 66, 67/A, 68, 69 & 70 admeasuring 1200 sq ft Rs.33,75,000.00 situated at Manikonda Village and Gram Panchayat Jagir, Rajendra Nagar, Ranga Reddy District. Page 7 of 22 Earnest Money Deposit (EMD) The EMD to be deposited by the intending bidders is fixed as under: S No. Property Details Earnest Money Deposit (EMD) 1. House No.17-1-210/6/4/2 admeasuring 121 sq yards situated at Madannapet, Hyderabad, Telangana – 500 036 and registered in the name Rs.3,81,150.00 of Shri Purshottam Das Gupta, S/o Matadin Gupta 2. Flat No.3-1, 3rd Floor, Durga Niwas situated at Plot No.B-7/part & B-8/part in Sy Nos.64, 66, 67/A, 68, 69 & 70 admeasuring 1200 sq ft Rs.3,37,500.00 situated at Manikonda Village and Gram Panchayat Jagir, Rajendra Nagar, Ranga Reddy District. 4. i. The sale of Secured Assets is on “As is where is”, “As is what is & whatever there is” and ‘without recourse” basis ” for and on behalf of the Secured Creditors viz.: IDBI Bank Ltd. The physical possession has been taken on 21.05.2019. ii. AO does not take or assume any responsibility for any shortfall 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 Durga Enterprises (Partners – Shri Purshottam Das Gupta & Shri Durgesh Kumar Gupta and Guarantor – Smt. Chanda Devi) 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 given in the Bid Document. However, the prospective bidders are advised to satisfy themselves regarding encumbrances, if any, over the above properties. Page 8 of 22 5. 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. 6. 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. 7. 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. 8. Submission of Bid The Bidder shall complete in all respects the Profile of the Bidder and “Declaration by the Bidder” annexed to the Bid 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 sign each page of all the documents. Offers received for sale and / or accepted are not transferable. The Format for submission of “Profile of the Bidder” & “Declaration by the Bidder” are given in Chapter VI, VII & VIII of this Bid Document. Bidders may fill in only the form relevant/applicable to them. 9. The Bid Documents shall be signed by a person or persons duly authorized by the Bidder with the signature duly attested. 10. The Bid Documents 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. 11. The Bid Documents 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. Page 9 of 22 12. Last date for submission of Bid Document The interested parties may submit Bid Document duly filled and signed on each page along with EMD and other required documents to the “Authorised Officer, Shri Deepak Sahu, Authorised Officer, IDBI Bank Ltd., Kachiguda Branch, 3-3-54/A, Kachiguda Station Road, Hyderabad - 500 027, Telangana not later than 4.00 PM on 12-09-2019 in a cover, which shall be super-scribed as “Bid Document and EMD: M/s Durga Enterprises (Partners – Shri Purshottam Das Gupta & Shri Durgesh Kumar Gupta and Guarantor – Smt.
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