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To, Authorized Officer India SME Asset Reconstruction Company Ltd MSME Development Center, 1St Floor, Plot No

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To, Authorized Officer India SME Asset Reconstruction Company Ltd MSME Development Center, 1St Floor, Plot No To, Authorized Officer India SME Asset Reconstruction Company Ltd MSME Development Center, 1st Floor, Plot No. C- 11, G-Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 Dear Sir, Reg: Purchase of the Immovable Properties: Lot 1 1.1 All that part and parcel of the property consisting of 6.622 cents (2.68 Are) of land together with building comprised in S.No.308/38 of Madaplathuruth Desom, Muthakunnam village, Vadekkekkara Panchayath, Paravur Taluk, Ernakulam District. Bounded By: North by property of Valath Shaji, South by 5 links width road. East by N.H.Road, West by property of Meeraben, Radhakrishnan, Cheeru. 1.2 All that part and parcel of the property consisting of 27.5 cents (11.14 Are) Actual Possession 27 cents (10.93 Are) cents of land together with building comprised in Sy.No.308/40 of Madaplathuruth Desom, Muthakunnam Village, Vadekkekkara Panchayath, Paravur Taluk, Ernakulam District. Bounded By: North by Property of Radhakrishanan & Cheeru, South by half of Thodu of Ambattu Jolly, East by property of Radhakrishnan, Roy and 5 links width road, West by half of thodu of Ambattu Pyarelal. 1.3 All that part and parcel of the property consisting of 6.500 cents (2.63 Are) of land with buildings comprised in Sy.No.308/40 of Madaplathuruth Desom, Muthukunnam village, Vadekkekkara Panchayath, Paravur Taluk, Kalavampara house, Kottuvallykkad, Moothakunnam po., Pin 683 516, Ernakulam District. Bounded by: North by property of Thrippanathu Cheeru, South by property of K. S. Sreeenivas, East by property of K. S. Sreenivas, West by property of K.S. Sreenivas. 1.4 All that part and parcel of the property consisting of 10cents (4.05 Are) of land with building comprised in Sy.No.308/39- A of Madaplathuruth Desom, MuthukunnamVillage, Vadekkekkara Panchayath, Paravur Taluk, Ernakulam District. Bounded by: North by property of Valathu house, South by property of K. S. Sreenivas, East by property of K. S. Sreenivas, West by Panchyath Thodu. Page - 1 - of 5 1.5 All that part and parcel of the property consisting of 8.718 ( 3.53 Are) of land together with building comprised in SY.No.203/8 and 203/9 of Madaplathuruth Desom, Muthukunnam village, Vadekkekkara Panchyath, Paravur Taluk, Ernakulam District. Bounded by: North by Thodu, South by Property, East by Thodu, West by Property of Jolly and Private Road. Total extent of above 1.1 to 1.5 schedule of property is 58.840 cents together with building thereon lying as a single plot. Lot 2 2) All that part and parcel of the property consisting of 41.897 cents (16.96 Are) of land comprised in Sy.No.98/13B-1,98/18A-1 and 98/17A in Kujithai Kara, Vadekkekkara village, Vadekkekkara Gramam Panchyath, Paravoor Taluk, Ernakulam Dist. Bounded By: North by Property of Charliements & Periyar Puzha, South by Sugathan, Ajithakumar, East by Property of Charliments & Vettuvanthara Pappu Rajan & others, West by Property of Ajithkumar, Sugathan & Chruch. Lot 3 3.1 All that part and parcel of the property consisting of 20 cents (8.09 Are) of land together with two storied RCC residential building having 2200 Sq.ft comprised in Sy. No.83/14 in Kottuvallykkad Muri, Moothakunnam village, Vadekkekkara Grama Panchayath, Paravur Taluk, Ernakulam District. Bounded by : North by Property of Smt.Remani, South by Property of Smt.Sathi, East by Property of Manapparmbil Venu & Kesavan and West by Property of Kalavampara Subhash, Sunilkumar & Netiyara Sukumaran & Kannathara Kunjappan. 3.2 All that part and parcel of the property consisting of 5 cents (2.02 Ares of land) together with building comprised in Sy. No.83/14 in Kottuvallykkad Muri, Moothakunnam village, Vadekkekkara Grama Panchayath, Paravur Taluk, Ernakulam Dist. Bounded by: North by Property of Sathyesan, South by Chellamma, Wilson, East by Property of Manapparambil Kesavan, West by: Property of Sunilkumar. 3.3 All that part and parcel of the property consisting of 4.430 cents (1.79 Ares of land) in Sy. No.83/15 -1 in Kottuvallykkad Desom, Moothakunnam village, Vadekkekkara Grama Panchayath, Paravur Taluk, Ernakulam District. Bounded by: North by property of Babu Rajendra Prasad, V R Remani, South by property of Manapparmbil Venu, Kalavampara Sathanesan, East by property of Mani Bhai, West by Property of Kannathara Kunjappan. This has reference to the advertisement published by ISARC in newspaper dated October 12, 2014 inviting offers for sale of immovable properties mentioned above under Securitization and Reconstruction of the Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act 2002) Page - 2 - of 5 1. I/We place our offer of Rs. __________________ (Lot 1)/ (Lot 2)/ (Lot 3) [Please select the appropriate option]. 2. I/We enclose herewith Demand Draft No.__________ dated______________ drawn on________________________ for Rs._____________ being EMD (interest free) amount for property. 3. My/Our further details are as under: 1) Name :- 2) Address :- 3) Telephone No. :- Enclosed Please find the copies (any two) of the following documents as per KYC norms: PAN Card / Ration Card / Voter ID Card / Pass Port / Bank Pass Book with Photograph / Electricity Bill / Identity Card issued by Central Govt. / State Govt. / PSUs etc to its employees. I/We have inspected /verified the property and am/are interested in purchasing the said assets on “AS IS WHERE IS BASIS” and “AS IS WHAT IS BASIS”. I/We have also read and gone through the terms and conditions of the Sale overleaf to this and the same are acceptable and binding to me/us. Thanking you. Yours faithfully, ( ) Mobile: Page - 3 - of 5 INDIA SME ASSET RECONSTRUCTION COMPANY LTD. 1st Floor, MSME Development Centre, Plot No. C-11, G- Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 TERMS AND CONDITIONS 1. Sale is subject to conditions prescribed in the Security Interest (Enforcement) Rules 2002. 2. If the borrower pays the amount outstanding to ISARC before the date of sale, the sale is liable to be stopped. 3. The property shall not be sold below the Reserve price. 4. The above secured assets will be sold on “AS IS WHERE IS BASIS” and “AS IS WHAT IS BASIS”. 5. For participating in the tender/auction the intending bidders have to deposit 10% of the reserve price of the property by way of Demand Draft favouring “ISARC 14/2010 – 11 Trust” payable at Mumbai enclosed to the tender form (tender form shall be downloaded from www.isarc.in), which is refundable without interest, if the bid is not successful. In the case of successful bidder the said deposit shall be adjusted 6. The offerors may send their offers in sealed cover (super scribing the name of the property) along with Demand Draft in favor of “ISARC 14/2010 – 11 Trust” payable at Mumbai, on or before November 13, 2014 at 5 P.M. addressed to the Authorized Officer, India SME Asset Reconstruction Co Ltd., MSME Development Centre, 1st Floor, Plot C-11, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051, which will be opened on the date & time fixed for auction. The offer not accompanied by Demand Draft of the requisite amount of the Earnest Money shall be rejected. 7. Authorized Officer reserves the right to accept or reject any bid or postpone or cancel the auction or opening of the tenders without assigning any reason. 8. The highest bid will be subject to approval of the secured creditor/Authorized Officer. 9. The successful bidder should pay 25% of the bid amount (Inclusive of EMD) immediately on sale being knocked in bidder’s favor and the balance amount within 15 days from thereon. In case of default, all amounts deposited till then shall be forfeited including earnest money. 10. The successful bidder should bear the charge / fee payable for conveyance such as stamp duty, Registration Fee, incidental expenses etc. 11. On compliance of the terms of sale, Authorized Officer shall issue “CERTIFICATE OF SALE” in accordance with the Rule 9(6) of the Security Interest (Enforcement) Rules, 2002 in favor of successful bidder / purchaser. 12. Intending bidders should make discrete enquires as regards any claim, charges on the property of any authority, besides the Bank’s charges and should satisfy themselves about the title, extent, quality and quantity of the property before submitting the bid. No claim of whatsoever nature regarding the property put for sale/charges/encumbrances over the property or any other matter etc, will be entertained after submission of the bid. 13. This is also to be treated as statutory 30 days sale notice under Rule 8 (6) of SARFAESI Act, 2002 to the borrowers/guarantors. 14. The borrowers/ guarantors are at liberty to participate in the auction to be held on the terms and conditions thereof including deposit of earnest money. ********************** I/We have inspected /verified the property and being satisfied is/are interested in purchasing the said assets on “AS IS WHERE IS BASIS” and “AS IS WHAT IS BASIS” I/We have also read carefully and gone through the terms and conditions of the Sale (1–14) as mentioned above and the same are acceptable and binding to me/us. Page - 4 - of 5 I/We have enclosed the copies of ……………………………………………………………………………………………………. documents as per KYC norms Signature : Date : Page - 5 - of 5 .
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