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Bid Document Can Also Be Downloaded from IDBI Bank Website ( and ( 3 Reserve Price and Earnest Money Deposit (EMD) (Rs

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Bid Document Can Also Be Downloaded from IDBI Bank Website ( and ( 3 Reserve Price and Earnest Money Deposit (EMD) (Rs THE AUTHORISED OFFICER (AO) OF IDBI BANK LIMITED (NPA MANAGEMENT GROUP, HYDERABAD ZONE) SPECIALISED CORPORATE BRANCH, #5-9-89/1&2, CHAPEL ROAD HYDERABAD – 500 001 BID / TENDER DOCUMENT For SALE OF SECURED ASSETS OF APEX ENCON PROJECTS PRIVATE LIMITED. UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 AND THE SECURITY INTEREST (ENFORCEMENT) RULES, 2002 Date: January 18, 2021 CONTENTS S. Page Particulars No No. I Public Notice for Sale published in the newspapers 3 - 4 II Possession notice published in newspapers 5 – 6 III Brief Description of secured assets 7 IV Outstanding dues of Secured Lenders 8 V Terms & Conditions 9-15 VI Brief details of Bid/TENDER document 16 VII Form of Profile of the Bidder - Individual 17-18 VIII Form of Profile of the Bidder – Company / Firm/ Party 19-20 Form of Appendix to the Bid/Tender (declaration by the IX 21-22 Bidder) 2 E-AUCTION SALE NOTICE The above sale notice published in the Sakshi (Telugu) News Paper of Visakhapatnam Edition dated 17.01.2021 3 E-AUCTION SALE NOTICE The above sale notice published in Times of India (English) News Paper in Visakhapatnam Edition, on 17.01.2021 4 POSSESSION NOTICE 5 The above notice was published in the following newspapers on February 22, 2016. 1. Deccan Chronicle (English) 2. Andhra Bhoomi (Telugu) 6 III. BRIEF DESCRIPTION OF SECURED ASSETS LOT – I: 1. Land admeasuring Ac.3.47 Cents at Nidigattu Village, Visakhapatnam All the land an extent of Ac 1.42 Cents in S.No.13/2 Part, Ac 1.55 Cents in S.No 20/3 Part and Ac 0.50 Cents in S.No.20/3 Part [Total Ac.3.47 Cents] of Nidigattu Village, Bheemunipatnam Mandal, Visakhapatnam Dist in the State of Andhra Pradesh and bounded by: Item No.1 an extent of Ac 1.42 cents in S.No.13/2 East : Dry land belongs to Apex Encon Projects Pvt Ltd South : GramaKantam and Small Canal. West : Dry land belongs to ChallaNarasamma and others North : Dry land belongs to Apex Encon Projects Pvt Ltd Item No.2 an extent of Ac 1.55 cents in S.No.20/3 Part East : Dry land belongs to Apex Encon Projects Pvt Ltd South : Rasta West : Dry land belongs to P.R.J Srinivasa Raju and others North : Dry land belongs to Apex Encon Projects Pvt Ltd. Item No.3 an extent of Ac 0.50 cents in S.No.20/3 Part East : Cashew Garden of Latchiraju and Others South : Dry land belongs to Apex Encon Projects Pvt Ltd West : Dry land belongs to Apex Encon Projects Pvt Ltd North : Cashew Garden of Dasamma and others. together with all buildings and structures thereon attached to the earth or permanently fastened to anything attached to the earth. LOT – II: 2. Land admeasuring Ac.1.60 cents at Nidigattu Village, Visakhapatnam All the land an extent of Ac.1.60 Cents in Sy No. 15/1 of Anandapuram SRO Bheemunipatnam Mandal, Nidigattu Village, Bheemunipatnam Mandal, Visakhapatnam within the boundaries as detailed below: On or towards East by : Poramboku Rasta On or towards West by : Rasta On or towards North by: Land belongs to purchaser purchased from T.U.M Manikyamba & Chilukuri Housing Projects Pvt.Ltd On or towards South by: 40 Feet Road together with all buildings and structures thereon attached to the earth or permanently fastened to anything attached to the earth. 7 IV. OUTSTANDING DUES OF THE SECURED LENDER AS ON THE DATE OF 13(2) NOTICES UNDER SARFAESI (As on December 30, 2013) Name of Name of Company Nature of assistance Amount Secured Lender (Rs. lakh) IDBI Bank Ltd. Apex Encon Projects Term Loan, Cash Credit 16504.66 Private Limited and BG 8 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 Tender Document (hereinafter referred to as the 'Secured Assets') and the same are being sold free from charges and encumbrances of the secured lender mentioned at item No. IV of the Tender Document. 2 Issue of Bid/Tender Document 1. The BID/Tender Document along with Tender Form is available from 18.01.2021 to 02.02.2021 for description of secured assets (mentioned at point III) on any working day (except 02nd & 04th Saturdays) between 10.00 AM and 04.00 PM and can be obtained from Authorized Officer/Deputy General Manager, IDBI Bank Ltd., NPA Management Group, 2nd Floor, 5-9-89/1&2, Chapel Road, Hyderabad-500001.The Bid document can also be downloaded from IDBI Bank website (www.idbibank.in) and (https://www.bankeauctions.com) 3 Reserve Price and Earnest Money Deposit (EMD) (Rs. lakh) Reserve S.No Property EMD price 1 LOT – I. Land admeasuring Ac.3.47 Cents at Nidigattu Village, 744.42 74.50 Visakhapatnam All the land an extent of Ac 1.42 Cents in S.No.13/2 Part, Ac 1.55 Cents in S.No 20/3 Part and Ac 0.50 Cents in S.No.20/3 Part [Total Ac.3.47 Cents] of Nidigattu Village, Bheemunipatnam Mandal, Visakhapatnam Dist in the State of Andhra Pradesh and bounded by: Item No.1 an extent of Ac 1.42 cents in S.No.13/2 East : Dry land belongs to Apex Encon Projects Pvt Ltd South : GramaKantam and Small Canal. West : Dry land belongs to ChallaNarasamma and others North : Dry land belongs to Apex Encon Projects Pvt Ltd Item No.2 an extent of Ac 1.55 cents in S.No.20/3 Part East : Dry land belongs to Apex Encon Projects Pvt Ltd South : Rasta West : Dry land belongs to P.R.J Srinivasa Raju and others North : Dry land belongs to Apex Encon Projects Pvt Ltd. Item No.3 an extent of Ac 0.50 cents in S.No.20/3 Part East : Cashew Garden of Latchiraju and Others South : Dry land belongs to Apex Encon Projects Pvt Ltd West : Dry land belongs to Apex Encon Projects Pvt Ltd North : Cashew Garden of Dasamma and others. together with all buildings and structures thereon attached to the earth or permanently fastened to anything attached to the earth. 9 LOT – II Land admeasuring Ac.1.60 cents at Nidigattu Village, Visakhapatnam 343.60 34.50 All the land an extent of Ac.1.60 Cents in Sy No. 15/1 of Anandapuram SRO Bheemunipatnam Mandal, Nidigattu Village, Bheemunipatnam Mandal, Visakhapatnam within the boundaries as detailed below: On or towards East by : Poramboku Rasta On or towards West by : Rasta On or towards North by: Land belongs to purchaser purchased from T.U.M Manikyamba & Chilukuri Housing Projects Pvt.Ltd On or towards South by: 40 Feet Road together with all buildings and structures thereon attached to the earth or permanently fastened to anything attached to the earth. *The RP amount is excluding GST 4 The sale of Secured Assets is on “As is where is basis”, “As is what is basis”, “whatever there is basis” and ‘no recourse basis”. The description of the assets is based on the mortgages created by the Borrower with the secured lender from time to time and the representations made by them. The AO/secured lender does not take or assume any responsibility for any shortfall of the 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 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 the AO / secured lender does not take any responsibility to provide information on the same. The AO / Bank does not take or assume any responsibility for any dues, statutory or otherwise, of Apex Encon Projects Private Limited., 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. 5 Inspection of assets The interested parties may, inspect the assets at their own cost and expense, with prior appointment on January 29, 2021 (Between 10.00 a.m. and 4.00 p.m.) by contacting Enforcement Agent, Shri. D.Pulla Reddy (Mobile-9030098574). 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 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, 10 qualities, specifications, measurements, boundaries and abuttal’s of the assets and that the bidder concurs or otherwise admits the identity of the assets purchased by him/her notwithstanding any discrepancy or variation, by comparison of the description in the particulars of the assets 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.
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