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12 X 15 -TIIC THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITED (A Government of Tamilnadu Undertaking) Name of Branch: Sivakasi Address : No.98/C4, II Floor, Chairman Shanmuga Nadar Road, Sivakasi – 626 123. Ph.No. 04562-229322 ; Email:[email protected] E-Auction Sale Notice The Assets of the following concern(s) taken possession under Section 29 of State Financial Corporations Act 1951 will be sold by Tender cum Public Auction “AS IS WHERE IS” by our branch as given below: Amount due Rs. Bid Borrower(s) / Description of the Upset Price Earnest Money (Interest charged Incremental Guarantor(s) property Rs.in lakhs Deposit (EMD) upto) amount 1. Primary Security: Mitsubishi 5 Colour Offset 75.00 Rs.7,50,000/ Rs.5,000/- Printing Machinery – 1 No. (3H 1405 year 1998 – Imported Second hand Machinery) Rs.86,32,242/-with M/s.Century further interest 2. Collateral Security: Offset Works from 01.10.2019 Extent of 6.18 Acre Land at and other dues Survey No. 288B/3 at Amathur Village, Virudhunagar Taluk 144.83 Rs.14,48,300- Rs.5,000/- and Virudhunagar District and 1.93 Acre land at Survey No.333 at Amathur Village, Virudhunagar Taluk & District. Last date for submission of Bid form, Date of inspection of property Date / Time of Auction KYC documents & payment of EMD Date : 25.10.2019 Date : 05.11.2019 30.10.2019 before 4.00 PM Between 11.00 AM to 05.00 PM. Time : 11.00 AM to 01.00 PM. 1. Date of inspection of property is 25.10.2019 between 11 hours – 17 hours and the last date of Earnest Money Deposit (EMD) shall be 30.10.2019 by 4 PM. 2. The sale / auction will be conducted on 05.11.19 between 11 AM – 1 PM by the undersigned through e-Auction platform provided at the Web Portal (http://www.bankeauctions.com) . 3. Extension of time of the e-Auction from the last bid is 5 minutes each and the extension is unlimited times (if bid received in the last 5 minutes). 4. Further interest will be charged as applicable, as per the loan agreement on the amount outstanding and incidental expenses, costs, etc is due and payable till its realization. 5. The bid amount shall be more than upset price. 6. EMD shall be payable through DD in favour of the TIIC Ltd, payable at SIVAKASI and shall be submitted at the concerned branch office. The interested bidders shall submit the EMD along with the bid participation form / KYC Documents etc, before the date and time specified above. 7. The bidders are advised to go through the detailed terms and conditions of e-Auction available in the Web Portal (http://www.bankeauctions.com) before submitting their bids and taking part in the e-Auction. 8. The prospective qualified bidders may avail online training on e-auction from M/s C1 India Pvt Ltd prior to the date of e-auction and can contact email [email protected]. Neither the authorised officer of TIIC Ltd nor M/s C1 India Pvt Ltd, Plot No.301, Gulf Petrochemical Building, 1st Floor, Udyogvihar Phase – 2 Gurgaon, Haryana -122015 India, Phone No.0124-4302000 / 4302010 and it’s Chennai office mobile no. 9840446485 shall be liable for any internet network problem and the interested bidders to ensure that they are technically well equipped for participating in the e-auction event. 9. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of the unsuccessful bidders shall be refunded. EMD shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price, adjusting the EMD already paid before the close of the office hours of the next working day after the conclusion of the e-Auction. The balance 75% of the sale price shall be paid on or before 30th day of sale confirmation or within such extended period as agreed upon in writing by and solely at the discretion of the TIIC Ltd. In case of default in payment by the successful bidder, the amount already deposited by the offerer shall be liable to be forfeited and the property shall be put to re-auction and the defaulting borrower / bidder shall have no claim / right in respect of the amount / property. 10. The TIIC Ltd is not responsible for any liabilities upon the property which is not in the knowledge of the TIIC Ltd. 11. Every bidder of the e-Auction shall submit the attested copies of KYC Documents consisting of PAN Card Address Proof ID Proof Original documents shall be produced for verification. For further details contact the Branch Manager. Place : Sivakasi Branch Manager Date: 16.10.2019 DIPR/ /Display/2019 The Tamilnadu Industrial Investment Corporation size - 12 (w) x 18 (h).
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