The Maharashtra State Co-Operative Bank Ltd., Mumbai
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The Authorised Officer Of The Maharashtra State Co-operative Bank Ltd., Mumbai (Incorporating The Vidarbha Co-Op Bank Ltd.) Sir Vithaldas Thackersey Memorial Bldg., 9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai – 400 001., Maharashtra Reference No. MSCB/DIRR/SEC-97/202/2016-17 Dated 14/06/2016 BID DOCUMENT For Sale of Assets Of SAHAKAR MAHARSHI SWARGIYA BAPURAOJI DESHMUKH SAHAKARI SAKHAR KARKHANA MARAYADIT. VILLAGE. VELA, TAL. HINGANGHAT, DIST. WARDHA, MAHARASHTRA Under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 And Security Interest (Enforcement) Rules, 2002 1 | P a g e TABLE OF CONTENTS I. COPY OF THE NOTICE OF SALE ……………………………………………………………………………………..3 II. COPY OF POSSESSION NOTICE………………………………………………………………………………………5 III. INTRODUCTION …………………………………………………………………………………………………………..6 IV. DETAILS OF SECURED ASSETS- IMMOVABLE ASSETS/PROPERTIES…………………………………7 V. DETAILS OF SECURED ASSETS- MOVABLE ASSETS AND MACHINERY……………………………..10 VI. OUTSTANDING DUES OF THE SECURED CREDITIORS……………………………..……………………..14 VII. TERMS AND CONDITIONS…………………………………………………………………………………………….15 VIII. BRIEF DETAILS OF BID/OFFER DOCUMENT……………………………………………………………….....20 IX. FORM OF BID/OFFER…………………………………………………………………………………………………….21 X. FORM OF APPENDIX TO THE BID/OFFER (DECLARATION BY THE BIDDER)………………………22 XI. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER/COMPANY/FIRM/PARTY…………24 XII. CERTIFICATE OF SALE [See rule 7(2)] (FOR MOVABLE PROPERTY) ………………………………….26 XIII. CERTIFICATE OF SALE [See rule 9(6)] (FOR IMMOVABLE PROPERTY) ……………………………….27 XIV. DEED OF UNDERTAKING CUM INDEMNITY…………………………………………………………………….28 2 | P a g e I. Copy of the Notice for Sale THE MAHARASHTRA STATE CO-OPERATIVE BANK LTD., MUMBAI (Incorporating The Vidarbha Co-Op Bank Ltd.) (Scheduled Bank) Head Office: 9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai – 400 001, Post Box No. 472 Tel Nos. 91-022-22822217/22876020. Web Site: www.mscbank.com TENDER/RE-TENDER NOTICE FOR SALE SALE OF IMMOVABLE AND MOVABLE PROPERTIES IN TERMS OF SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (SARFAESI Act, 2002) The Maharashtra State Co-Operative Bank Ltd., Mumbai hereby invites Bids/Offers in sealed envelopes for sale of the following properties:- Brief Description of the Properties:- (Rs in Lakhs) Sr Name of the Capacity Property Description Reserve EMD Inspection Bid Outstanding No Unit Price-Rs. (10% of Date/ Opening as on R.P) Rs. Time Date/Time 31/03/2016 A 1 S. M. Sw. 2500 17.6.2016 30.6.2016 M.S.C. Bank Lot No.1 – Plant, Mach. 1676.48 167.65 Bapuraoji TCD 11.00 11089.65 & Factory Shed 11.00 a.m. Deshmukh SSK Cons. Bank Lot No.2 – Land & 1999.19 199.92 a.m.to 5.00 Ltd., Vela, Taq. 2758.37 Building (Excluding p.m. Hinganghat, (30.6.2015) Factory Shed) Dist- Wardha, Lot No.3 – Plant & 3675.67 367.57 Mach./ Factory Shed, Land/ Building & Structure * B Scrap Material 35.03 3.50 Store Material 50.00 5.00 Total (B) 85.03 8.50 First Preference will be given to Lot No. 3, (2) Second Preference will be given to Lot No. 2, (3) Third Preference to Lot No. 1 1 The Bank intends to sell the assets detailed above as “AS IS WHERE IS, AS IS WHAT IS AND WHATEVER WHICH IS WITHOUT ANY WARRANTY, GUARANTEE, WITHOUT ANY RECOURSE, ASSURANCE AND UNDERTAKING OR REPRESENTATION OF ANY KIND WHATSOEVER”. The AO does not take or assume any responsibility for any shortfall of the movable/immovable assets, for procuring any permissions etc., or for any dues, statutory or otherwise viz. Provident Fund, Sales Tax, Central Excise, Worker’s Dues. Property Tax. Electricity Charges, Water Charges etc., of any authority established by law. Such dues if any, both existing & future relating to the property will have to be borne/paid by the purchaser. (Lot wise viz for Lot No.2 & Lot No.1 on Pro-rata basis). The encumbrances marked in 7/12 Extracts also responsibility to be borne/paid by the Purchaser whatever is applicable as per law. * This is not applicable for part B. 2. On the date of opening of the tender, the AO will declare the highest bidder above the reserved price, as successful bidder. No inter-se bidding shall take place. The successful bidder would be required to bear all the necessary expenses like stamp duty, registration expenses etc., for transfer of secured assets. 3. EMD should be paid through RTGS (RTGS/NEFT: IFSC: MSCI 0082002, A/c. No. 116459 MSCB Agro Dept.) to “The Maharashtra State Co-operative Bank Ltd.,” on or before the date of submission of tender. The EMD shall be refunded to unsuccessful bidder on the same date 3 | P a g e or next working day of opening of bid. The EMD will not carry any interest. 4. The Bid document can be downloaded or obtained from the undersigned during 14/06 /2016 to 28/06/2016 on any working day (except on Sunday and Public Holiday) between 11.00 a.m. to 5.00 p.m., on payment of non-refundable fee of Rs.25,000/-(Rupees Twenty Five Thousand only), for by cash. The Bid documents are available at Mumbai Head Office and Regional Office Nagpur. Further it can also be downloaded from website of the bank www.mscbank.com In case of downloaded document, the document fees shall be paid through RTGS/NEFT before submission of the proposal or by D.D. on nationalised bank at the time of submission of proposal. 5. Bidder can submit bid for one lot or more than one lot but EMD should be paid through RTGS/NEFT for each lot separately. 6. Tender submission on or before 29/06 /2016 up to 5.00 p.m., at H.O., Mumbai 7. The AO reserves the right to accept/ reject any/or all the bids without assigning any reasons. In case all the bids are rejected, the AO reserves the right to sell the assets by any of the mode as prescribed in the SARFAESI Act, 2002. 8. The Bid document is available on MSC Bank website (www.mscbank.com) from 14/06/2016 STATUTORY SALE NOTICE UNDER SARFAESI ACT,2002 The Borrower/Guarantors are hereby noticed to pay the total outstanding dues before the opening of bid failing which the secured assets will be auctioned and balance if any will be recovered with interest and cost from you. This notice was already given wide our advertisement of sale dated 14.02.2012. Hence complied the statutory provision of 30 days. Date : 13/06/2016 SD/- Place : Mumbai (Pramod Karnad) Managing Director & Authorised Officer The Maharashtra State Co-Operative Bank Ltd., Mumbai The public notice published following newspapers: 1. Financial Express (All over Maharashtra) dated 13/06/2016 2. Loksatta (All over Maharashtra) dated 13/06/2016 4 | P a g e II. COPY OF POSSESSION NOTICE THE MAHARASHTRA STATE CO-OPERATIVE BANK LTD., MUMBAI (Incorporating The Vidarbha Co-Op Bank Ltd.) Head Office: Sir Vithaldas Thackersey Memorial Bldg., 9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai – 400 001, Post Box No. 472 Tel Nos. 91-022-22822217/22876020. Web Site: www.mscbank.com Regional Office: Tilak Putla Mahal, Nagpur-440 032. Tel No. 0712-2774967/2773930 POSSESSION NOTICE FOR IMMOVABLE AND MOVABLE PROPERTY Whereas the undersigned being the Authorised Officer of The Maharashtra State Co-Operative Bank Ltd., Nagpur Region, under the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 and in exercise of powers conferred under Section 13 (2) read with rule 9 of the Security Interest (Enforcement) Rules, 2002 issued demand notice dated 10/05/2011. The above notice was published in Loksatta and The Indian Express (Nagpur Edition) newspaper on 30/08/2011. Sd/- AUTHORISED OFFICER & JOINT MANAGER The Maharashtra State Co-Operative Bank Ltd., Mumbai Regional Office, Nagpur 5 | P a g e III. INTRODUCTION The Maharashtra State Co-Operative Bank Ltd., at Mumbai in the State of Maharashtra (MSCB), issued a demand notice dated 10/05/2011 under Section 13 (2) of the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 (hereinafter referred to as “the SARFAESI Act”) calling upon SAHAKAR MAHARSHI SWARGIYA BAPURAOJI DESHMUKH SAHAKARI SAKHAR KARKHANA MARYADIT., a Co-operative based unit situated at VILLAGE - VELA, TAL: HINGANGHAT, DIST: WARDHA, MAHARASHTRA, to repay within 60 days from the date of said notice, the amount mentioned therein being Rs.6834.02 Lakh (Rupees Sixty Eight Crore Thirty Four Lakh Two Thousand only) including interest upto 28/02/2011 and a sum of Rs. 2508.33 Lakh (Rupees Twenty Five Crore Eight Lac Thirty Three Thousand only) including interest upto 31/12/2010 of The Wardha D.C.C.Bank together with further interest and other expenses and costs thereon at contractual rates upon the footing of compound interest until payment/ realisation. Authorised officer (AO) of The Maharashtra State Co-Operative Bank Ltd., has taken possession of the assets on 29/08/2011 which are mortgaged/hypothecated by the Borrower for securing the loans availed from The Maharashtra State Co-Operative Bank Ltd., Mumbai as indicated in the Bid document, after complying with the procedure in the presence of witnesses/Panchs, besides other officials of MSC Bank. The AO, after taking possession of the assets caused the inventory of the assets to be prepared. The AO published the Possession Notice in the newspapers as required under the SARFAESI Act. The AO has also engaged the services of security to protect and guard the secured assets and also insured the assets from possible perils/risks. The AO has also got the assets valued after taking possession as required under the SARFAESI Act. The list of secured assets being put on sale is mentioned in Annexure IV and V hereunder.