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E-Auction Date: July 09, 2020 (Thursday) from 10.30 AM to 12.30 PM

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E-Auction Date: July 09, 2020 (Thursday) from 10.30 AM to 12.30 PM CIN: L65190MH2004GOI148838 THE AUTHORISED OFFICER (AO) OF IDBI BANK LTD Retail Assets Centre, D.No:9-14-15, Pydah Chambers, 1st Floor, VIP Road, Siripuram, Visakhapatnam, AndhraPradesh BID DOCUMENT For Sale of Mortgaged Properties situated at Desapatrunipalem, Visakhapatnam District Under The Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 & The Security Interest (Enforcement) Rules, 2002 (“The Act”) E-Auction Date: July 09, 2020 (Thursday) From 10.30 AM to 12.30 PM CONTENTS Chapter Particulars Page No. I Possession Notice Published in Newspapers 3-6 II Public Notice for Sale of Property through E-Auction published 7-8 on June 20, 2020. III Brief Description of Secured Assets 9 IV Terms & Conditions 10-18 V Brief Details of Bid/Offer Document 19 VI Form of Profile of the Bidder - Individual 20-21 VII Form of Profile of the Bidder – Company / Firm/ Trust 22-23 VIII Form of Appendix to the Bid/Offer 24-25 (Declaration by the Bidder on non judicial stamp paper of Rs.200/-) 2 I. POSSESSION NOTICE PUBLISHED IN TWO NEWSPAPERS 3 The above Possession Notice was published in Deccan Chronicle (English) Newspaper of Visakhapatnam on November 01, 2011 (Tuesday) 4 5 The above Possession Notice was published in Andhra Bhoomi (Telugu) Newspaper of Visakhapatnam on November 01, 2011 (Tuesday) 6 II. E-Auction Sale Notice Sale Notice Published in Prajashakti, Visakhapatnam (Telugu) Newspaper on June 20, 2020 7 Sale Notice Published in Times of India (English) Newspaper on June 20, 2020 8 III-BRIEF DESCRIPTION OF SECURED ASSETS Immovable property owned by Shri. Prabhakar Nava Bandrapalli SCHEDULE OF THE MORTAGAGED PROPERTY All that site measuring 64.21 Sq.yds or equivalent to 53.69 Sq.mts being undivided and unspecified share out of the total extent of 128.42 Sq.yds bearing plot Nos. 69 part & 70 part, together with recently constructed residential Ground Floor House of 1000 Sft. in covered under Survey No.188/3B2 in Desapatrunipalem Revenue Village, with in the Greater Visakha Municipal Corporation Limits, in the Mandal of Paravada, in the registration district of Anakapalli and the sub-district of Lankelapalem, bounded and measured as follows: Dimension Boundaries Measurements East Site Belongs to G.L.N. Reddy 31.6” Feet or 9.62 Mts South Plot No .70 part site 34.8” Feet or 10.62 Mts West 40 Feet wide Road 31.6 ” Feet or 9.62 Mts North Plot No.69 part site 39.10” Feet or 12.14 Mts Immovable property owned by Smt. Saroja Kumari Ravi SCHEDULE OF THE MORTAGAGED PROPERTY All that site measuring 64.21 Sq.yds or equivalent to 53.69 Sq.mts being undivided and unspecified ahare out of the total extent of 128.42 Sq.yds bearing plot Nos 69 part & 70 part, together with recently constructed residential First Floor House of 1000 Sft covered under Survey No.188/3B2 in Desapratunipalem Revenue village, with in the Greater Visakha Municipal Corporation limits, in the Mandal of Parvada, in the registration district of Anakapalli and the sub-district of Lankelapalem, bounded and measured as follows: Dimension Boundaries Measurements East Site Belongs to G.L.N. Reddy 31.6” feet or 9.62 Mts South Plot No .70 part site 34.8” feet or 10.62 Mts West 40 Feet wide Road 31.6 ” feet or 9.62 Mts North Plot No:69 part site 39.10” feet or 12.14 Mts together with all buildings and structures thereon attached to the earth or permanently fastened to anything attached to the earth. 9 IV. TERMS AND CONDITIONS 1 The Authorised Officer (AO) exercising the powers under the Securitization and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 read with Security Interest (Enforcement) Rules, 2002 (hereinafter referred to as "the SARFAESI Act") is selling the asset/property mentioned at item No.III of this Bid Document (hereinafter referred to as the 'Secured Asset') and the same are being sold free from charges and encumbrances of the secured lenders mentioned at item No. IV of the Bid Document. 2 Issue of Bid/ Offer / Bid Document The Bid Document is available from June 20, 2020 to July 08, 2020 on any working day (except 2nd and 4th Saturdays) between 11.00 AM to 5.00 PM and can be procured from the Authorised Officer, IDBI Bank, Retail Asset Centre D.No:9-14-15, Pydah Chambers, 1st Floor,Vip Road, Siripuram, Visakhapatnam-530003 at free of charge. The Bid document can also be downloaded from IDBI Bank website (www.idbi.com) and (www.bankauctions.in) 3 Reserve Price and Earnest Money Deposit (EMD) (₹ lakh) Sl. Property Reserve EMD No. Price (i) 1. Immovable property owned by Shri. 10.96 1.09 Prabhakar Nava Bandrapalli All that site measuring 64.21 Sq.yds or equivalent to 53.69 Sq.mts being undivided and unspecified share out of the total extent of 128.42 Sq.yds bearing plot Nos. 69 part & 70 part, together with recently constructed residential Ground Floor House of 1000 Sft. in covered under Survey No.188/3B2 in Desapatrunipalem Revenue Village, with in the Greater Visakha Municipal Corporation Limits, in the Mandal of Paravada, in the Registration District of Anakapalli and the Sub-District of Lankelapalem, bounded by: Dimension Boundaries Measurements East Site Belongs to 31.6” Feet or G.L.N. Reddy 9.62 Mts South Plot No .70 part site 34.8” Feet or 10.62 Mts West 40 Feet wide Road 31.6 ” Feet or 9.62 Mts North Plot No.69 part site 39.10” Feet or 12.14 Mts 10 2. Immovable property owned by Smt. (ii) 10.96 1.09 Saroja Kumari Ravi All that site measuring 64.21 Sq.yds or equivalent to 53.69 Sq.mts being undivided and unspecified ahare out of the total extent of 128.42 Sq.yds bearing plot Nos 69 part & 70 part, together with recently constructed residential First Floor House of 1000 Sft covered under Survey No.188/3B2 in Desapratuni palem Revenue village, with in the Greater Visakha Municipal corporation limits, in the mandal of Parvada, in the Registration District of Anakapalli and the Sub district of Lankelapalem. Dimension Boundaries Measurements East Site Belongs to 31.6” feet or G.L.N. Reddy 9.62 Mts South Plot No .70 part site 34.8” feet or 10.62 Mts West 40 Feet wide Road 31.6 ” feet or 9.62 Mts North Plot No:69 part site 39.10” feet or 12.14 Mts The EMD shall be way of Demand Draft favouring “IDBI Bank Limited” obtained from any Schedule Bank payable at Visakhapatnam and shall be submitted on or before 08.07.2020 upto 4.00 pm at IDBI Bank Limited, Retail Asset Centre, Visakhapatnam and submit proof of payment along with KYC documents (photo identity and address proofs) like PAN Card (compulsory), Aadhaar Card, Passport, Voter ID card, Driving License etc. The amount of EMD paid by the interested bidders shall carry no interest. The EMD shall be forfeited if the bidder does not participate in the e-auction by placing the bid. AO may retain EMD of top three bidders up to 3 months from the date of opening of the bids. On receipt of the EMD and other stipulated documents, and if same found in order in all respects, such interested Bidders shall be sent “User id & Password” on their valid Email addresses (which is mandatory for participating in e-auction) by the e-auction service provider M/s. 4 Closure . The successful bidder will be required to deposit 25% of the sale price (less the amount of EMD deposited) at the time of confirmation of sale. The balance amount of the sale price is to be paid within 15 days of the confirmation of the sale or such extended period as may be agreed to by the AO. In case of failure to deposit the balance amount by the successful bidder within the prescribed period, the deposited amount, including EMD, shall be forfeited. 11 4 Gist of the terms & conditions appearing in Bid Document: a) The immovable properties are proposed to be sold on “as is where is, ”as is what is basis” “What ever there is , “No Recourse basis” and “No Complaint basis”. b) The immovable properties shall not be sold below the Reserve Price. c) The AO will not take responsibility for any dues (statutory or otherwise) outstanding as on date and yet to fall due, including dues that may affect transfer of property in the name of the successful bidder and such dues, if any, will have to be borne by the successful purchaser. IDBI shall not take any responsibility to provide information on the same. The successful bidder would be required to bear all the necessary expenses like stamp duty, registration, expenses, tax liabilities, if any, etc. for transfer of immovable properties. d) The immovable properties mentioned in the Bid Document are based on the charges/mortgages created by the Borrower in favour of IDBI, the details whereof are given in the Bid Document. Interested parties are requested to verify the details of the immovable properties and inspect the records relating to mortgaged assets available with AO on request. e) The immovable property is being sold free from charges and encumbrances of IDBI only. For e-auction registration/support contact M/s. 4 Closure , Plot No. 20, Amrutha Apartments, Mothinagar, Hyderabad -500018, by contacting on Helpline No:040-23836405, +91- 8142000060/61/62 and E-Mail ID: [email protected], prior to the date of e- auction.
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