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Bid-Document-2-Shop-No.FF-22-23

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Bid-Document-2-Shop-No.FF-22-23 Authorized Officer (AO) IDBI BANK LIMITED Ground Floor, 21st Century Business Center, Ring Road, Surat TENDER DOCUMENT For sale of - All that piece and parcel of land comprised in and forming part of immovable property known as Shop/Block No. FF-22, FF-23 admeasuring 740.00 sq. ft. and FF-24 admeasuring 370.00 sq. ft. on the 1st floor of the building known as building of Jolly Arcade along with undivided proportional share in the land underneath the said building constituting the land of final plot no.128 paikee of T. P. scheme no. 5 (Nondh No.2046- 47-48 of ward-Athwa) situated in the Ghod Dod Road area of city-surat, Taluka (Choryasi), Dist. Surat owned by borrower M/s Ace Tours Worldwide Pvt Ltd and which is bounded as follows: (i) On the North by: Block/Shop No.FF-25 (ii) On the South by: Block/Shop No.FF-21 (iii) On the East by: Common Passage (iv) On the West by: Royal Palace in the loan account of M/s ACE TOURS WORLDWIDE LTD Office Address – FF-22, 23, 24, Jolly Arcade, Opp. Rangila Park, Ghod Dod Road, Surat (Gujarat). Sale of mortgaged properties under the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, 2002) and Security Interest (Enforcement) Rules, 2002 Page 1 of 26 CONTENTS Sr. No Particulars Page No. I Public Possession Notice published in the newspapers. 3-4 II Public Notice for e-auction published in the newspapers. 5-6 III Brief Description of – Immovable Property 7 IV Outstanding dues of IDBI Bank 8 V Terms & Conditions 9-17 VI Brief details of Bid/Offer document 18-19 VII Form of Profile of the Bidder - Individual 20-21 VIII Form of Profile of the Bidder – Company / Firm /Party 22-23 IX Form of Appendix to the Bid/Offer (declaration by the 24-26 Bidder) Page 2 of 26 [I] Public Possession Notice published in the newspapers The possession notice was published in English in “Times of India” on 18/02/2018. Page 3 of 26 The possession notice was published in Gujarati in “Gujarat Samachar” on 18/02/2018. Page 4 of 26 [II] Public Notice for E-Auction The above notice was published in English in “Times of India” on 01.04.2018. Page 5 of 26 The above notice was published in Gujarati in “Gujarat Samachar” on 01.04.2018. Page 6 of 26 III - Brief description of the immovable properties to be sold: Sr. No. Details of mortgaged properties 1. All that piece and parcel of land comprised in and forming part of immovable property known as Shop/Block No. FF-22, FF-23 admeasuring 740.00 sq. ft. and FF-24 admeasuring 370.00 sq. ft. on the 1st floor of the building known as building of Jolly Arcade along with undivided proportional share in the land underneath the said building constituting the land of final plot no.128 paikee of T. P. scheme no. 5 (Nondh No.2046-47-48 of ward-Athwa) situated in the Ghod Dod Road area of city-surat, Taluka (Choryasi), Dist. Surat owned by borrower M/s Ace Tours Worldwide Pvt Ltd and which is bounded as follows: (i) On the North by: Block/Shop No.FF-25 (ii) On the South by: Block/Shop No.FF-21 (iii) On the East by: Common Passage (iv) On the West by: Royal Palace Page 7 of 26 IV. Outstanding dues of IDBI Bank (Sole lender) in the account of M/s ACE TOURS WORLDWIDE LTD as on 01/04/2018 [Rs. lakh] Nature of Sanctioned Disbursed. Principal Interest & Total facility others 304.60 304.60 304.53 112.90 Cash Credit 447.43 Bank 30.00 30.00 30.00 --- Guarantee *LNEXP ---- ---- ---- 3.29 3.29 Other Pending ---- ---- ---- 1.29 1.29 Charges Total 334.60 334.60 334.53 117.48 452.01 *** Page 8 of 26 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 immovable properties mentioned at item No. II of the Tender Document (hereinafter referred to as the 'Secured Assets') and the same are being sold on “As is where is & whatever there is” and “Without Recourse” basis, subject to terms and conditions mentioned herein. 2 Issue of Tender/ Offer / Bid Document The Tender Document along with Offer Form is on sale from April 3rd , 2018 to April 25th, 2018 on any working day (except Sunday) between 11:00 am to 4:00 pm and can be obtained from Shri Navin Puri, AGM & BH, IDBI Bank Ltd, Ring Road Branch, at Ground Floor, 21st Century Business Center, Ring Road, Surat or from Sankalp Goswami, Assistant Manager on any working day (except Sunday) between 11:00 am to 4:00 pm on payment of non- refundable fees of Rs.100/- (Rs. One hundred only) by a crossed A/c Payee Demand Draft/ Pay order drawn in favour of “IDBI Bank Ltd- for M/s ACE TOURS WORDLWIDE LTD” payable at par issued by any Nationalized Bank / Scheduled Bank. The bid document can also be downloaded from IDBI website (www.idbi.com) and https://eauction.npasource.com. Those bidders preferring to download the Bid Document shall have to furnish the non refundable fee of Rs.100/- as mentioned above at the time of submission of the bid along with EMD. Interested parties can participate in the e-auction for one or multiple property, as they desire by submitting separate Tender Form for each property. Bidders who have downloaded the Bid / Tender Documents from IDBI website www.idbi.com or from the website of the e-auction service provider https://eauction.npasource.com have the option to pay Rs.100/- (Rupees one hundred only) towards the cost of the same, by way of RTGS also. In case, the amount is remitted by way of RTGS (in favour of IDBI Bank Limited, Account No. 14637000010140, IFSC Code: IBKL0000146, Branch: Ring Road, Surat), bidders must indicate RTGS UTR No., Amount remitted and date in the appropriate space in the Bid Forms. Page 9 of 26 3 Reserve Price: The Reserve price for the sale of the Secured Asset is as under: Rs.2,17,00,000/- (Rupees Two Crore Seventeen Lakhs only). Earnest Money Deposit (EMD): The EMD has been fixed at: Rs.21,70,000/- (Rupees Twenty One Lakhs Seventy Thousand Only) 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 property is based on the mortgages created by the Borrower 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 immovable assets or for procuring any permission, etc. or for the dues of any authority established by law. The purchaser shall bear the applicable stamp duties/additional stamp duty/transfer charges, fee etc. and all statutory liabilities charges for conveyance/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 do 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 M/s Ace Tours Worldwide Pvt Ltd (Mortgagor/Borrower/Co-Borrower) 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 between 11:00 am to 4:00 pm on April 24th, 2018 in the presence of a representative of the AO available at the 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 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, Page 10 of 26 verify the area of the premises and details of the immovable 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, specifications, measurements 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.
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