Of IDBI BANK LIMITED NPA Management Group
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The Authorised Officer (AO) of IDBI BANK LIMITED NPA Management Group - Chennai 115, Anna Salai, Saidapet Chennai - 600 015 TENDER DOCUMENT For Sale of Secured Immovable Assets of FIVE STAR MARINE EXPORTS PVT LTD (Mortgaged by Shri K. Eravikumar and Smt. K.R. Shaashi) Under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and The Security Interest (Enforcement) Rules, 2002 CONTENTS Sr.No Particulars Page No. I Public Notice for Sale published in the newspapers 3 - 4 II Brief Description of secured assets 5 III Outstanding dues of Secured Lender 6 IV Terms & Conditions 7-11 V Brief details of Bid/Offer document 12 VI Form of Profile of the Bidder (Individual) 13 VII Form of Profile of the Bidder ( Company/Partnership/Proprietorship) 14-15 VIII Form of Appendix to the Bid/Offer (declaration by the Bidder) 16-18 2 1. Public Notice for Sale published in the newspapers 3 4 II. BRIEF DESCRIPTION OF SECURED ASSETS Immovable Secured Asset in the name of SHRI K. ERAVIKUMAR AND SMT. K.R. SHAASHI (MORTGAGORS) All that piece and parcel of the property consisting of land admeasuring 5355 s.ft. and building thereon in New D No.36, Old D.No.3, Railway Colony, 3rd street, Aminjikarai, Chennai 600029 comprised in R.S.No.6,8/1,8/2, T.S.No.16, BlockNo.8 of Vada Agaram Village, Nungambakkam, Egmore Taluk, Chennai District within the Registration District of Central Chennai and Sub Registration District of Kodambakkam Bounded: On the North by: Door No.35,Railway colony, 3rd Street On the South by: Property belongs to Abdul Karim & Haseenathul Shamima On the East by: Railway Colony 3rd Street (formerly known as New Kodambakkam road) On the West by: Southern Railway Employee’s Colony together with all buildings and structures thereon. 5 III. OUTSTANDING DUES OF THE SECURED LENDER AS PER THE 13(2) NOTICE UNDER SARFAESI IDBI Bank (Particulars of aggregate outstanding amount as on 30.06.2017) Financial Principal Interest Total Assistance Rs.58 cr Rs.39,69,15,720.24 Rs.1,32,77,898.32 Rs.41,01,93,618.56 Processing Fees Rs.28,82,837.00 Lead Bank Rs. 35,40,000.00 Charges Grand Total Rs. 41,66,16,455.55 *together with further interest, costs and expenses etc w.e.f 01.07.2017 Andhra Bank (Particulars of aggregate outstanding amount as on 31.12.2016) Facility/Loan Limits Outstanding Amount (in Rupees) PC 17,00,00,000.00 22,78,83,150.00 Additional Limit 3,40,00,000.00 Bills 18,00,00,000.00 2,02,42,149.19 Additional Limit 3,60,00,000.00 Loan Against Deposit 1,00,00,000.00 1,06,71,958.00 TOD in Current Account - 67,96,163.45 Total 43,00,00,000.00 26,55,93,420.64 *together with further interest, costs and expenses etc w.e.f 01.01.2017 6 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 II 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 lenders. 2 Issue of Tender/ Offer / Bid Document The Tender Document along with Offer Form is available from 08-02-2019 to 08-03-2019 on any working day till 3.00 pm from the offices of The Authorised Officer, IDBI Bank, No.115, Anna Salai, Saidapet, Chennai – 600 015. The bid document can also be downloaded from IDBI website - www.idbi.com and e-Procurement Technologies Ltd. website idbi.auctiontiger.net. 3 Reserve Price and EMD Items Asset Details Assets in the name of Reserve Earnest Money Price Deposit (Rs.) (Rs.) Immovable Land and Shri K.Eravi kumar 7,37,64,000/- 74,00,000/- Assets Building & Smt. K.R.Shaashi 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/mortgagor with the secured lenders from time to time and the representations made by them. The AO does not take or assume any responsibility for any shortfall of the movable/immovable assets or for procuring any permissions, 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 / Bank 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 Five Star Marine Exports Private Limited or Shri K.Eravi kumar & Smt. K.R.Shaashi 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, at their own cost and expense, inspect the property with prior appointment on 20.02.2019 (between 10.30 am to 12.30 pm) when a representative of the Authorised Officer/ Recovery Agent would be available at the property 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 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. 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 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” & “Declaration by the Bidder” are given in Chapter VI, VII & VIII of this Tender Documents. Bidders may fill in only the form relevant/applicable to them. Bids can be submitted in sealed envelops along with required documents. 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 Bid Document The interested parties may submit Bid Document duly filled and signed along with the required documents to the Authorised Officer in sealed covers at IDBI Bank Ltd., 115, Anna Salai, Saidapet, Chennai 600 015 on any working day but not later than at 4.00 p.m. on March 08, 2019, along with Demand Draft/Pay Order/RTGS details of EMD amount. The sealed cover should be superscribed “Bid Document – “Five Star Marine Exports Private Limited.” and Name and Phone number of Bidder to be mentioned on left hand side. RTGS may be sent in favour of IDBI Bank Limited, Account No. 12937000010052, IFSC: IBKL0000129, Branch: Saidapet, Chennai. 14 Only those bidders will be permitted to participate in the e-auction 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. 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 Bid, if found incomplete in any respect, shall be liable for outright rejection. Bidders, whose forms are found to be in order together with the EMD / Cost of Tender Document submitted by them, will be intimated by e-mail and through mobile.