INDUSTRIAL DEVELOPMENT BANK of INDIA Limited (IDBI Ltd)
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The Authorized Officer (AO) Of IDBI BANK LIMITED Retail Recovery 1st Floor, IDBI Complex, Opp. Muni. Staff Quarters, Near Lal Bunglow, Off C.G.Road, Ahmedabad-380006 TENDER DOCUMENT For Sale of Assets of M/s Stanford Fastners (Borrower)(Partner Shri Tarunkumar Muljibhai Solanki & Smt. Jignaben Tarunkumar Solanki ) & Mortgagor & Guarantor (Smt Gauriben Mooljibhai Solanki ) Sale Under the provisions of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and The Security Interest (Enforcement) Rules, 2002 Page 1 of 35 CONTENTS Sr.No Particulars Page No. I Public Possession Notice published in the newspapers 3 II Public Notice for e-auction published in the 4-6 newspapers III Brief Description – Immovable & Movable Property 7 IV Outstanding dues of IDBI Bank. 8 V Terms & Conditions 9-18 VI Brief details of Bid/Offer document 19- 20 VII Form of Profile of the Bidder - Individual 21-22 VIII Form of Profile of the Bidder – Company / Firm /Party 23-24 IX Form of Appendix to the Bid/Offer (declaration by the 25-27 Bidder) X Copy of notices published in Newspaper 28-29 *** Page 2 of 35 I. POSSESSION NOTICE Published In Newspaper The above notice was published in the following newspapers on July 27, 2018 Page 3 of 35 The above notice was published in the following newspapers on 23.12.2018 i) The Economic Times (English)- Ahmedabad edition ii) Sandesh (Gujarati)- Ahmedabad edition Page 4 of 35 II. Public Notice for e-auction IDBI Bank Ltd, Hitek Building Opp Museum, Nr NID, Paldi , Ahmedabad – 380007 Ph : (079) 26588074 / 26589390 E- AUCTION SALE NOTICE Notice is hereby given to the public in general and to the Borrower/Co-Borrower in particular by the Authorized Officer that the under mentioned properties mortgaged to IDBI Bank Ltd and taken possession under the provisions of section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI ACT 2002) will be sold by E- Auction as mentioned below on “AS IS WHERE IS”, “AS IS WHAT IS”, “WHATEVER THERE IS” AND “WITHOUT RECOURSE BASIS” for recovery of under mentioned dues with further interest, charges and cost etc, as detailed below. The sale of the secured asset is proposed to be made as under: Name of The 1) Date of Demand 1) Reserve Price Description of Immovable Borrower / Co- Notice 2) Earnest Money Properties Borrower & 2) Date of Deposit (EMD) (All the piece and parcel of Loan Account No. Possession immovable property situated in 3) Claim Amount as Surendranagar mortgaged to per Demand Notice IDBI BANK LTD.) Borrower: 1) 28.08.2017 1) Reserve Price for LOT 1 : Residential property in the 2) 24.07.2018 & (a) M/s Stanford 19.12.2018 LOT 1 : Rs name of Smt Gauriben Muljibhai Fastners 3) Claim Amount as per 20,32,000/- & Solanki being all that piece and parcel Demand Notice : Rs 1. Tarunkumar 45,95,368/-(Rupees Reserve Price for of land comprised in land admeasuring Muljibhai Solanki – Fourty Five Lakh LOT 2 : Rs 82.94 Sq. Mtr. Bearing Surendranagar Ninety Five Thousand Partner & Personal Three Hundred Sixty 12,00,000/- City Survey No 3761 paiki of Ward Guarantor Eight Only) plus 2) No 1 at Surendranagar, Taluka applicable interest & 2. Jignaben Tarunkumar 1. EMD for LOT 1 : Wadhwan, Dist Surendranagar Solanki – Partner & cost/ charges thereafter. Personal Gurarantor Rs 2,03,200/- belonging to Surendranagar Dudhrej 2. EMD for LOT 2 : 3.Gauriben Muljibhai Municipality area in the State of Rs 1,20,000/- Solanki – Mortgagor & Gujarat. Guarantor LOT 2 : Movable property being and Loan A/c No : 0549673200000019 lying at Ranasan Unit Machineries of Stanford Fastners being : 1. Cold nut former with electrical penal Qty 1 2. Nut Tapping Machine – Qty 2 IMPORTANT DATES: Sale of Bid/ Tender Document: March 01, 2019 to March 27, 2019 from 11.00 AM to 4.00 PM Last Date of Submission of Bid/ Tender along with EMD: March 27, 2019 up to 4.00 PM Date & Time of Inspection: March 16, 2019, Time from 11.00 AM to 4.00 PM. Bid/ Tender Increase Amount: in multiples of Rs.25,000/- Date & Time of E-Auction: March 28, 2019 from 11.00 AM to 4.00 PM with unlimited extensions of 5 minutes. Page 5 of 35 TERMS & CONDITIONS: 1. Auction/ bidding shall only be through “online electronic mode” through the website of the service provider www.eauction.npasource.com Atishya Technologies Private Limited , Ahmadabad is the Service Provider to arrange e - auction platform. For detailed terms and conditions, help, procedure and online training in e-auction, prospective bidders may contact the above Service Provider on Contact No. 079–40052320, E-mail Id: [email protected] , [email protected]. Contact Person – Miss Prachi Trivedi – (Mobile : 9016641848 )and officer of IDBI Bank Shri Vijay Joshi (Authorized Officer) for Lot 1 (Ph.079-66072621, Email id: [email protected] & Mrs Aparna Vhatkar (Authorized Officer) for Lot 2 (Ph.079-66072681, Email id: [email protected], Shri Virendra Jakhmola (Mob No 9868172101) for property Sr No 4 & 5 2. The bidders may be participating in e -auction for bidding from their place of choice and Internet connectivity shall have to be ensured by bidder himself. Bank/ Service provider shall not be held responsible for the internet connectivity, network problems, system crash down, power failure etc. 3. Sale is strictly subject to the terms and conditions given in this advertisement and in Bid Document. Intending bidders may download the bid document each Lot separately from IDBI website (www.idbi.com) and https://eauction.npasource.com or also obtain the bid document from Branches/ Regional Office at Memnagar IDBI Bank during above mentioned dates of sale of bid document on any working day on payment of non-refundable fees of Rs. 100/- (Rupees One Hundred Only) by a DD/Pay Order drawn on a scheduled Commercial Bank favoring IDBI Bank Ltd –A/c STANFORD FASTNERS payable at Ahmedabad. Those bidders preferring to download the bid document shall have to furnish the non-refundable fees of Rs. 100/- (Rupees One Hundred Only) as above at the time of submission of the acceptance document with EMD. 4. Particulars specified in the schedule above have been stated to the best of the information of the Authorized officer / Bank. Authorized officer and / or Bank will not be answerable for any error, miss-statement or omission in this public notice. 5. For participating in e-auction, intending bidders have to deposit a refundable, non-interest bearing Earnest Money Deposit (EMD) by way of RTGS to the credit of A/c No- 54937000010140 (IFSC Code- IBKL0000549) with IDBI Bank Ltd, Paldi Branch, Ahmedabad-380007 OR making DD/Pay Order drawn on a scheduled Commercial Bank favoring IDBI Bank Ltd –A/c 54937000010140 payable at Ahmedabad along with self attested copy of PAN card, ID proof, address proof. Bid below the reserve price will not be accepted. Bid without EMD/with EMD lower than the EMD amount stipulated will not be accepted. 6. The successful bidder should deposit 25% of the bid amount (including EMD) immediately i.e.on the same day or not later than next working day, as the case may be and balance 75% of the purchase price shall be paid on or before the fifteenth day of confirmation of sale of the Secured Assets or such extended period as may be agreed upon in writing between the purchaser and Authorised Officer, in any case not exceeding three months, by way of RTGS OR making DD/Pay Order with same details mentioned in Sr.No-5 above at the Authorised Officer(AO), IDBI Bank Ltd. 7. In case of default in payment at any stage by the successful bidder/ auction purchaser within the stipulated time the sale will be cancelled and the amount already paid will be forfeited and Authorised Officer (AO) reserves the right to resell the property to the second/third highest bidder in the above manner, which shall be treated as if he/she were the only successful bidder Page 6 of 35 or to conduct the auction again. The Authorized Officer reserves the right to accept or reject any/all bids without assigning any reason. 8. The successful bidder shall bear the charges payable for conveyance registration fee, stamp duty, registration fees, incidental charges etc as applicable. All statutory liabilities / housing society tax / 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. Bank does not take any responsibility to provide information on the same. 9. The Bank is not liable to pay any interest or to refund EMD or any other payment received in case of any delay in issue of confirmation of sale /sale certificate by virtue of any court order received by the Bank after e-auction is held. 10. Bids once made shall not be cancelled or withdrawn. All bids made from the user ID given to bidder will be deemed to have been made by him only. 11. All bidders shall be deemed to have read and understood the terms and conditions of sale and be bound by them. 12. Nothing in this notice constitute or will be deemed to constitute any commitment or representation on the part of the Bank to sell the above properties/assets. 13. Any dispute regarding matter would be under jurisdiction of courts in Ahmedabad only. Authorised Officer Place: Ahmedabad Date: 01.03.2019 IDBI Bank Ltd. The above notice was published in the following newspapers on March 01, 2019.