BID DOCUMENT - idbibank.in · with EMD and other required documents to the Authorized Officer, IDBI Bank Ltd Arjun Empire, Ground Floor, CTS No.5852/B&C, Congress Road, Near Arjun

The Authorised Officer (AO)

of

IDBI BANK LTD

TILAKWADI BELGAUM BRANCH Arjun Empire, Ground Floor, CTS No.5852/B&C, Congress Road, Near Arjun Talkies,

Tilakwadi, Belgaum- 590006 Tel:0831-6454452/451/455

BID DOCUMENT

For

Sale of Secured Assets of

M/s. Shree Siddharoodh Dairy Products

Under

The Securitization and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002

and

The Security Interest (Enforcement) Rules, 2002

E-Auction Date: March 02, 2016

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CONTENTS S No. Particulars Page No.

I Public Notice for Sale published in the Newspapers 3-6

II Possession Notice published in Newspaper 7-8

III Brief Description of Secured Assets 9-10

IV Outstanding Dues of Secured Lender 11

V Terms & Conditions 12-17

VI Brief Details of Bid/Offer Document 18

VII Form of Profile of the Bidder - Individual 19-20

VIII Form of Profile of the Bidder – Company / Firm/ Party 21-22

IX Form of Appendix to the Bid/Offer (Declaration by the Bidder) 23-24

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I. Public Notice for sale published in News paper (The New Indian Express) on 28.01.2016

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I. Public Notice for sale published in News papers Contd…..

5

Public Notice for sale published in Kannada News Paper (Kannada Prabha) on 28-01-2016

6

Public Notice for sale published in News papers Contd…..

7

II. Possession Notice published in Kannada news paper (Kannada Prabha) on 21-02-2015

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II Possession Notice published in News papers contd….

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III. BRIEF DESCRIPTION OF SECURED ASSET

M/s. Siddharoodh Dairy Products

Movable and Immovable properties

Lot No.1 - Land and Processing Plant: Schedule I: All that piece and parcel of land bearing VPC No.2843, R.S. No. 1306/B Plot No.32, measuring 10 meter x17.50 meter (1883Sq Ft) situated at Athani, Sankonatti-Halyal Road, Taluk Athani-Belgaum District Bounded by: East : Plot No.33, West : Plot No.31, North: RS No.1306/A/4 and South: Road Schedule II: All that piece and parcel of land bearing VPC No.2844, R.S. No. 1306/B Plot No.33, measuring 10meter x 17.50 meter (1883Sq Ft) situated at Athani, Sankonatti-Halyal Road, Taluk Athani-Belgaum District and bounded by: East : Plot No.34, West: Plot No.32, North : RS No.1306/A/4 and South : Road Schedule III: All that piece and parcel of land bearing VPC No.2845, R.S. No. 1306/B Plot No.34, measuring 10meter x 17.50 meter (1883Sq Ft) situated at Athani, Sankonatti-Halyal Road, Taluk Athani-Belgaum District and Bounded by: East : Plot No.35, West: Plot No.33, North : RS No.1306/A/4 and South: Road Schedule IV: All that piece and parcel of land bearing VPC No.2846, R.S. No. 1306/B Plot No.35, measuring 10 meter x 17.50 meter (1883Sq Ft) situated at Athani, Sankonatti-Halyal Road, Taluk Athani-Belgaum District and Bounded by: East : Plot No.36, West: Plot No.34, North : RS No.1306/A/4 and South : Road Schedule V: All that piece and parcel of land bearing VPC No.2847, R.S. No. 1306/B Plot No.36, measuring 10meter x 17.50 meter (1883Sq Ft) situated at Athani, Sankonatti-Halyal Road, Taluk Athani-Belgaum District and Bounded by: East : Plot No.37, West: Plot No.35, North : RS No.1306/A/4 and South : Road Schedule VI: All that piece and parcel of land bearing VPC No.2848, R.S. No. 1306/B Plot No.37, measuring 10meter x 17.50 meter (1883Sq Ft) situated at Athani, Sankonatti-Halyal Road, Taluk Athani-Belgaum District and Bounded by: East : Plot No.38, West: Plot No.36 North : RS No.1306/A/4 and South: Road Totally Measuring 11298 Square Feet Reserve Price: Rs.56,00,000/- EMD: Rs.5,60,000/-

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Date and Time of Auction: 2nd March 2016 from 2.00 PM to 3.00 PM with auto extension of Five Minutes Each Till sale is completed if valid bid is placed in the Last 5 minutes of Closing of the E-Auction.

Lot No.2 - Movable assets (Storage BBM tanks of 2.50 lakhs capacity)

Hypothecated Plant & Machinery of the milk processing Plant & milk by product plant situated at Sy. No.1306/B Athani Sankonatti-Halyal Road, Taluk Athani-Belgaum District, Belgaum-591304.

Description of Movables: Panel Board, Old Packing machine, Kova Machine- No.2 (not working), Cream machine (not working), Milk Storage Tank- 3 (10,000 Ltr capacity), Milk Pacer, Milk Chiller, Milk Drum Tank, Milk weighing Tank, Diesel Generator (not working), Air Compressor (not working), Ice molding caps No’s-50(old), Ammonia Condenser And two Tanks(not working), KC-3 Compressor, Steam Boiler, Can washer-1,Hot water Boiler (not working)

Reserve Price: Rs.3,75,000/- EMD: Rs.37,500/- Date and Time of Auction: 2nd March 2016 from 2:00 PM to 3:00 PM with auto extension of Five Minutes Each Till sale is completed if valid bid is placed in the Last 5 minutes of Closing of the E-Auction.

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IV. OUTSTANDING DUES OF THE SECURED LENDER AT THE TIME OF 13(2) NOTICE UNDER SARFAESI

M/s. SHREE SIDDHAROODH DAIRY PRODUCTS Particulars of the Defaults Payment of Interest [including Penal Interest]

DEFAULTS (at the time of 13(2) SARFAESI Notice Issued)

Amount in Rs.

Cash Credit facilities & Term loans 3,27,34,622/-

Total Outstanding Dues as on 18-01-2016 Amount in Rs.

Working Capital Limits , Term Loans & Other dues 5,75,59,485.14/-

Total Outstanding 5,75,59,485.14/-

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V. TERMS AND CONDITIONS

1. The Authorised Officer (AO) exercising the powers under the Securitization and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 read with Security Interest (Enforcement) Rules, 2002 (hereinafter referred to as "the SARFAESI Act") is selling the asset/property mentioned at item No. III of this Bid Document (hereinafter referred to as the 'Secured Asset') and the same is being sold free from charges and encumbrances of the secured lender mentioned at item No. IV of the Bid Document.

2.

The bid document can also be downloaded from

Issue of Bid/ Offer / Bid Document The Bid Document along with Offer Form is available upto 29-02-2016 on any working day between 10:00 a.m. to 5:00 p.m. from the Authorized Officer, IDBI Bank LTD, Arjun Empire, Ground Floor, CTS No.5852/B &C, Congress Road, Near Arjun Talkies, Tilakwadi, Belgaum-590006 Contact No: 0831-6454452

http://bankauctions.in and http://foreclosureindia.com.

3. Reserve Price and Earnest Money Deposit (EMD)

Secured Assets Reserve Price (in Rs.)

EMD (in Rs.)

Processing Plant Building measuring 4000 Sq Ft and Land at Plot No. 32, 33,34,35,36 and 37 out of survey No.1306/B measuring 11298 Sq Ft at Sankonatti Halyal Road, Athani Taluka, Belgaum District in the state of Karnataka.

56,00,000/ 5,60,000/-

Plant & Machinery of the milk processing Plant & milk by product plant situated at Sy. No.1306/B Athani Sankonatti-Halyal Road, Taluk Athani-Belgaum District, Belgaum-591304.

3,75,000/ 37,500/-

4. The sale of Secured Asset is on “As Is Where is Basis”, “As Is What Is Basis”, “Whatever There Is Basis” and “no Recourse Basis”. The description of the immovable property is based on the mortgages created by the Borrower/Mortgagors with the Secured Lender from time to time and the representations made by them. The AO/Secured Lender 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. All Statutory Liabilities/Taxes/Maintenance Fee/ Electricity/Water charges etc., outstanding as on date and yet to fall due would be ascertained by the bidder and would be borne by the

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successful bidder. It is expressly made clear that the AO/Secured Lender 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. Shree Siddharoodh Dairy Products, including such dues that may affect transfer of the asset in the name of the purchaser and such dues, if any, will have to be borne / paid by the Purchaser.

5. Inspection of Asset: The interested parties may, inspect the property at their own cost and expense with prior intimation to Authorized officer IDBI Bank Ltd., Arjun Empire, Ground Floor, CTS No.5852/B&C, Congress Road, Near Arjun Talkies, Tilakwadi, Belgaum-590006 Contact No. 0831-6454452/451/455 between 10:00 AM to 5:00 Pm on any working day.

6.

7.

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 asset, relevant documents, information, etc., whether the bidder actually inspects or visits or verifies or not. The bidders shall be deemed to have inspected and approved the Secured Asset to their entire satisfaction and for the purpose, the Bidder(s) may, in their own interest and at their own cost, verify the area of the premises and details of immovable asset, if any and any other relevant information before submitting the Bids. It shall be presumed that the bidder has satisfied himself / herself / themselves about the names, descriptions, particulars, quantities, qualities, specifications, measurements, boundaries and abuttals of the assets / property and that the bidder concurs or otherwise admits the identity of the assets / property purchased by him / her notwithstanding any discrepancy or variation, by comparison of the description in the particulars of the assets / property 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 asset and matters incidental thereto or for any other purpose in connection with purchase of the asset under reference. \

9. Submission of Bid The Bidder shall complete in all respects the Bid form(s) annexed to the Bid Document, and furnish the information called for therein and shall sign and date each of the documents in the space provided therein for the purpose. The Bidder shall initial on each page of the Bid

10.

. Bids received for sale and / or accepted are Not Transferable. The Format for submission of Profile of the bidder(s) is given in Chapter VII & VIII respectively of this Bid Documents. The Format Chapter VII is for Individuals and The Format Chapter VIII is Company/Proprietorship/ Partnership Firm. Bidder(s) may fill in only the form relevant to them. The Bid shall be signed by a person or persons duly authorized by the Bidder with the signature duly attested.

11. The Bid shall contain the full address, Telephone No., Fax No., e-mail-ID, if any, of the

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Bidder(s) for serving notices required to be given to the Bidder in connection with the Bid.

12. The Bid form shall not be detached one from the other and no alteration or mutilation (other than filling in all the blank spaces) shall be made in any of the documents attached thereto.

13. Last date for Submission of Bid Document The interested parties may submit separate Bid Document duly filled and signed along with EMD and other required documents to the Authorized Officer, IDBI Bank Ltd Arjun Empire, Ground Floor, CTS No.5852/B&C, Congress Road, Near Arjun Talkies, Tilakwadi, Belgaum-590006 Contact No. 0831-6454452/451/455 on any working day but not later than at 3.30 p.m. on 22-02-2016. Remittance of EMD by way of RTGS

14.

i) Bidder(s) who prefer to submit the EMD by way RTGS, may remit the EMD amount in favour of IDBI Bank, A/c No. 0202102000014784 using IFSC Code IBKL0000202. Such bidders must indicate RTGS UTR No., Amount Remitted & Date of Remittance in the appropriate space provided in the Bid Form. The bidder/representative of the bidder whose Bid Document is complete in every respect and whose Demand Draft/Pay Order for EMD is found to be in order and /or remittance by way of RTGS proceeds is credited into the account indicated well before the cut-off time will be permitted to participate in the e-Auction. Bank does not take any responsibility and will not entertain any complaint for any delay in transfer of funds by way of electronic mode. Form of Bid, if found incomplete in any respect, shall be liable for outright rejection. Bidder(s), whose forms are found to be in order together with the EMD / Cost of Bid Document submitted by them, will be intimated by e-mail and through mobile.

15. i. Participants who are not already registered with the e-auction provider M/s.4Closure ,

Hyderabad should register themselves by following the procedure mentioned at the website:

Registration with E-Auction Service Provider

http://foreclosureindia.com

a) The participants /intending purchasers are necessarily required to submit following documents / papers for registration to M/s. 4Closure, Hyderabad.

b) Self attested copy of Pan Card c) Self Attested valid residential proof (Voter Id card, Passport copy, Aadhar Card,

telephone bill, electric bill - any one) d) Self attested valid e-mail id and mobile no. e) Board resolution to participate in auction in case if bidder is a company.

ii. The User id and Password will be then sent directly to the Registered Participants /Intending Purchasers whose Bid Document is complete in every respect and whose Demand Draft/Pay Order for EMD is found to be in order and/or remittance by way of RTGS proceeds is credited into the account indicated well before the cut-off time and the documents with further directions by the e-Auction provider company, if any, for log

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in and participating in the auction through online process. After receiving the user-id / password, in case any bidder(s) feels the need for training/e–auction support (voice and web based), such bidder(s) may contact Shri. U. Subba Rao (Mobile- 81420 00061 / 81420 00066), M/s. 4Closure, Hyderabad, E-Mail id: [email protected] For other terms and condition, please refer to http://foreclosureindia.com/

16.

For queries during the live auction: Auction Room Phone no. : +91- 81420 00061 / 81420 00066. The Bank/AO/E-Auction Service Provider will not be responsible for any error that may occur due to power failure/computer hardware or software error/network error etc, at the time of e-Auction.

The E-Auction would be held from 2:00 AM to 3.00 PM on 02-03-2016 with unlimited extensions of 5 minute each till sale is completed if bid is placed in the last 5 minutes of closing of the E-Auction, if required on e-auction platform at website

Date and Time of e-auction The E-Auction Day: 02-03-2016.

http://bankauctions.in. In case no further valid bids received during the extended period, the last highest bid received would be treated as successful bid and auction would be treated as closed/ terminated.

17.

Increase in Bid Amount : It may be noted that increase in bid amount, if any, will be Rs.10,000/- during the e-Auction period shall be made as under: (Note: Increase in Bid amount below Rs.10,000/- will be rejected)

First bid should be of at least equal to Reserve Price or increment (s) over the reserve price in multiples as above. AO reserves the right to retain the EMD of top three bids upto three months from the date of opening of the bids and the amount of EMD will not carry any interest

18.

, for the purpose of considering subsequent successful bidder. The Bids so retained will be valid for three months from the date of e-Auction or till further extension of time as may be approved by the AO. The EMD of other bids will be returned within 7 days from the date of e-Auction.

The successful bidder would be informed in writing about the acceptance of their bid/offer by the AO. The Successful bidder shall have to deposit 25% of the sale price on the same day of the auction by adjusting the EMD already paid, upon the acceptance of bid price by the Authorized Officer, the balance 75% of the sale price to be paid on or before 15th day of sale or within such extended period as agreed upon in writing by and solely at the

Payment of Sale Price

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discretion of the Authorised Officer. The EMD and all the money deposited till such time shall be liable for forfeiture without any prior notice.

19. In case the successful bidder fails to deposit 25% of the Sale Price, the AO shall Forfeit the EMD and if the successful bidder backs out after paying 25% of the sale price, then AO shall Forfeit the 25% of the sale consideration so deposited including the EMD.

20. The defaulting successful bidder shall forfeit all claims to the asset or to any part of the sum for which it may be subsequently sold.

21. In the event of the successful bidder failing to pay the consideration amount within the time schedule stipulated, the AO reserves the right to resell the asset to the second/third highest bidder(s) in the above manner, who shall also be treated as the successful bidder.

22. On confirmation of sale and if the terms of payment have been complied with, the AO exercising the power of sale shall issue Certificate of Sale for the immovable and movable property in favour of the purchaser as per the format provided in the Security Interest (Enforcement) Rules, 2002.

23. The successful Bidder shall, after making full payment of sale price within 15 days (Fifteen Days) of the Confirmation of Sale or such extended period as may be agreed to by the AO at his/her sole and absolute discretion, arrange to take possession of the Secured Asset immediately thereafter. It is explicitly stated that once the Sale Certificate is issued by the AO, the AO shall not be held responsible for security and safe-keeping of the Secured Asset

24.

. In case successful bidder fails to take possession of the secured asset as stated above, the AO reserves the right to revoke the sale confirmed in his/her favour, forfeit the entire amount paid by successful bidder and go for re-bidding or sell the secured asset by any of the modes as prescribed in the SARFAESI Act including sale by negotiation with any of the bidder and/or other parties by Private Treaty. In such an event, the original successful bidder shall have no claims on the secured asset or to any amount/s for which it may be subsequently sold. The purchaser will be required to bear all the necessary expenses like Stamp Duty, Registration Expenses, etc. for transfer of asset in his/her name. It is expressly stipulated that there are no implied obligations on the part of the AO or the Secured Lender and it shall be solely the obligation of the Bidder, at his/her cost, to do all acts, things and deeds whatsoever for the completion of the sale including payment of 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 to get the asset transferred in his /her/their name. The Bank does not take any responsibility to provide information on the same.

25. The submission of the Bid means and implies that the Bidder has unconditionally and irrevocably agreed to and accepted all the above terms and conditions of the Bid/Offer laid down herein.

26. The time hereinabove fixed for observance and performance by the bidder of any of obligations to be observed by him/her under these conditions is and shall be deemed to be

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of the essence.

27. General Terms and Conditions The AO shall be at liberty to amend/modify/delete/drop any of the above conditions as may be deemed necessary in the light of the facts and circumstances.

28. The entire procedure of e-auction, the sequence of inter-se bidding etc. shall be at the sole and absolute discretion of the AO and the intending bidders shall have no right whatsoever to object to the same.

29. The AO reserves the right and liberty to accept/reject any or all the Bids and also reserves the right to cancel the entire sale process without assigning any reasons. In case all the bids are rejected or the successful bidder fails to make payments as required in the Bid Document or withdraws his/her bid, the AO, at his/her sole and absolute discretion, reserves the right to go for re-bidding or sell the asset by any of the modes as prescribed in the SARFAESI Act including sale by negotiation with any of the bidder(s) and/or other parties by private treaty and the Bidders shall have no right to object to the same.

30. In the event the said sale in favour of the bidder not being confirmed by AO, otherwise than on account of the Willful Default of the bidder or if the sale is set aside by an order of the Court/Tribunal, then in that event the sale shall be void and the bidder shall, in that event be entitled only to receive back his/her Earnest Money Deposit (EMD) or purchase money as the case may be, but without interest, and the bidder shall not be entitled to be paid his costs, charges and expenses of and incidental to the said sale and investigation of title or any other costs incurred by him/her.

31. Notwithstanding anything stated elsewhere in this Bid Document, the AO reserves the right to call off the sale process at any point of time without assigning any reasons.

32.

Jurisdiction All disputes arising amongst the parties shall be adjudicated according to Indian Law and the Courts in Karnataka State alone shall have jurisdiction to entertain/adjudicate such disputes.

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VI. BRIEF DETAILS OF BID DOCUMENT

BID/OFFER FORM FOR PURCHASE OF SECURED ASSET OF

M/s. SHREE SIDDHAROODH DAIRY PRODUCTS

Lot1: All that piece and parcel of Processing Plant Building measuring 4000 Sq Ft and Land at Plot No. 32, 33,34,35,36 and 37 out of survey No.1306/B measuring 11298 Sq Ft at Sankonatti Halyal Road, Athani Taluka, Belgaum District in the state of Karnataka.

Lot 2: All that piece and parcel of Plant & Machinery of the milk processing Plant & milk by product plant situated at Sy. No.1306/B Athani Sankonatti-Halyal Road, Taluk Athani-Belgaum District, Belgaum-591304.

1 Issue of Bid/Offer Document The Bid Document along with Offer Form is available upto 29-02-2016 on any working day between 10:00 a.m. to 5:00 p.m. from the Authorized Officer, IDBI Bank lTD, Arjun Empire, Ground Floor, CTS No.5852/B &C, Congress Road, Near Arjun Talkies, Tilakwadi, Belgaum-590006 Contact No: 0831-6454452 The Bid Document can also be downloaded from and http://foreclosureindia.com

2 Last Date and time for Submission of Bid Document together with EMD

29-02-2016 during banking hours upto 5:00 PM.

3 Place, Date and Time of E-Auction

Place: e-Auction platform at website: https://bankauctions.in

Date : 29-02-2016

Time: 2nd March 2016 from 2:00 PM to 3:00 PM with auto extension of Five Minutes Each Till sale is completed if valid bid is placed in the Last 5 minutes of Closing of the E-Auction.

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VII. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER

- INDIVIDUAL –

For Purchase of Secured Assets Mortgaged by Shree Siddharoodh Dairy Products., Lot1: All that piece and parcel of Processing Plant Building measuring 4000 Sq Ft and Land at Plot No. 32, 33,34,35,36 and 37 out of survey No.1306/B measuring 11298 Sq Ft at Sankonatti Halyal Road, Athani Taluka, Belgaum District in the state of Karnataka.

Lot 2: All that piece and parcel of Plant & Machinery of the milk processing Plant & milk by product plant situated at Sy. No.1306/B Athani Sankonatti-Halyal Road, Taluk Athani-Belgaum

District, Belgaum-591304 (*Each and every information and document to be submitted is mandatory)

1 Full Name of the Bidder

(in Block Letters)

Complete Postal Address with PIN Code, Phone / Fax Nos, Website etc.

Mobile No. E-mail id:

2 Brief Particulars of Business

3 Relationship, if any, the Bidder has with any Employee of IDBI Bank Ltd

4 Name & Particular of the Company/Firm /Person in whose name the Secured Asset/Property are to be Purchased

5 Details of Earnest Money Deposit (EMD) i) DD / Pay Order Rs. ii) DD / Pay Order Date iii) Name of Issuing Bank and

Branch

In case of the EMD deposited through RTGS, Please indicate :

Name of the Account from which the amount is Remitted

Account No. from which the amount is remitted

Name of the Bank/Branch

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IFS Code

RTGS UTR No. Amount Remitted

Date of Remittance

6 Income Tax Permanent Account Number (s) PAN of Bidder

I/We have read and understood the detailed terms and conditions of the sale/bid document and have also read, perused and understood all the relevant papers and have carried out my/our own due diligence. In case any information is found to be incorrect, I/We shall not hold the Authorised Officer and/or IDBI Bank Limited responsible for the same and shall not have any claim, whatsoever, against either of them.

Signature of the duly Authorised Official of the Bidder

Name and Designation of the duly authorized Signatory

Place:

Date:

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VIII - FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER

- COMPANY/ PARTNERSHIP/ PROPRIETORSHIP - For Purchase of Secured Assets Mortgaged by Shree Siddharoodh Dairy Products.,

Lot1: All that piece and parcel of Processing Plant Building measuring 4000 Sq Ft and Land at Plot No. 32, 33,34,35,36 and 37 out of survey No.1306/B measuring 11298 Sq Ft at Sankonatti Halyal Road, Athani Taluka, Belgaum District in the state of Karnataka.

Lot 2: All that piece and parcel of Plant & Machinery of the milk processing Plant & milk by product plant situated at Sy. No.1306/B Athani Sankonatti-Halyal Road, Taluk Athani-Belgaum

District, Belgaum-591304. 1 a) Name of the Company/ Firm/ Party (in

Block letters)

b) Complete Registered Address with PIN Code, Phone / Fax Nos,

c) Complete Correspondence Address with PIN Code, Phone / Fax Nos, Website etc.

2 Date of incorporation 3 Constitution (Private/ Public/ Joint) 4 Name of Chairman 5 Name of Managing Director/ Partner 6 Board of Directors a)

b) c) d) e) f)

7 Income Tax PAN No.(attested copy of PAN card of company to be attached)

8 Date of Last Income Tax Return (Enclose copy of last 3 years’ Income Tax clearance certificate)

9 a) Full Name of authorized person to carry out e-Auction on behalf of the Company/ Firm/Party (in Block letters) (Original authorized letter to be attached to carry out the e-Auction process)

b) Complete Postal Address of the Authorised person with PIN Code, Telephone Nos; Fax No.; website etc.

c) Mobile No.

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d) Email ID. 10 Designation of authorized Person 11 Relationship, if any, the Bidder has with

any Employee of IDBI Bank Ltd

12 Details of Earnest Money Deposit (EMD) i) DD / Pay Order Rs. ii) DD / Pay Order Date iii) Name of Issuing Bank and Branch

13 In case of the EMD deposited through RTGS, Please indicate : a) Name of the Account from which the

amount is Remitted

b) Account No. from which the amount is remitted

c) Name of the Bank/Branch d) IFS Code e) RTGS UTR No. f) Amount Remitted g) Date of Remittance

* Each and every information and document to be submitted is mandatory.

I/We have read and understood the detailed terms and conditions of the sale/bid document and have also read, perused and understood all the relevant papers and have carried out my/our own due diligence. In case any information is found to be incorrect, I/We shall not hold the Authorised Officer and/or IDBI Bank Limited responsible for the same and shall not have any claim, whatsoever, against either of them.

Signature

(Name of the Authorised Person)

Designation:

Company Seal

All authorization should be annexed to this form.

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IX. FORM OF APPENDIX TO THE BID (DECLARATION BY THE BIDDER)

(ON THE STAMP PAPER OF RS.100/-)

FORM OF BID

(Note: This Appendix forms part of the Bid Document) To, The Authorised Officer, IDBI Bank Ltd, Arjun Empire, Ground Floor, CTS No.5852/B &C, Congress Road, Near Arjun Talkies, Tilakwadi, Belgaum Karnataka – 590006 Sir,

Sale of Secured Assets – M/s. Shree Siddaroodh Dairy Products, All that piece and parcel of Processing Plant Building measuring 4000 Sq Ft and Land at Plot No. 32, 33,34,35,36 and 37 out of survey No.1306/B measuring 11298 Sq Ft at Sankonatti Halyal Road, Athani Taluka, Belgaum District in the state of Karnataka and Plant & Machinery of the milk processing Plant & milk by product plant situated at Sy. No.1306/B Athani Sankonatti-Halyal Road, Taluk Athani-Belgaum District, Belgaum-591304.

1. Having fully examined and understood the terms and conditions of the Bid Document and condition & status of the Secured Asset/property, I/We offer to purchase the said Secured Asset strictly in conformity with the terms and conditions of this Bid/Offer Document;

2. I/We understand that if my/our Bid/Offer is accepted, I/We shall be responsible for the due observance and performance of the terms and conditions of the Bid/Offer and acquire the Secured Asset/property. Should I/We fail to execute and perform the terms and conditions when called upon to do so, the Earnest Money Deposit (EMD) shall be forfeited.

3. I/We further understand that if my/our Bid/Offer is accepted, should I/we fail to deposit the balance amount of 75% of the sale consideration (after having paid 25% of the sale consideration) by the stipulated date, the said amount of 25% of the sale consideration (including Earnest Money Deposit) or any further amount/s paid by me/us shall also be forfeited, as laid down in the terms and conditions of the Bid Document.

4. I/We further understand that if my/our Bid/Offer is accepted, after making full payment of the sale price within 15 days of confirmation of sale/acceptance of bid/offer or such extended period as may be granted by the AO at her sole and absolute discretion, I/we shall

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arrange to take possession of the secured asset immediately. I/We understand that once the Sale Certificate is issued by the AO, the AO shall not be held responsible for security and safe-keeping of the secured asset. We further understand that in the event I/We fail to take possession of the Secured Asset as stated above, the AO reserves the right to revoke the sale confirmed in my/our favour and forfeit the entire amount paid by me/us and I/we shall have no claims on the secured asset or to any amount/s for which it may be subsequently sold

5. I/We clearly understand and accept that the Authorized Officer or the secured lender do not take or assume any responsibility for any dues, statutory or otherwise, of Shree Siddharoodh Dairy Products including such dues that may affect transfer of the asset in the name of the purchaser and such dues, if any, will have to be borne/paid by me/us in case my/our Bid/offer is accepted.

6. We understand that you are not bound to accept the highest or any Bid/Offer you may receive. Further, I/we will not raise any objection in case the Authorized Officer goes for re-bidding or sells the property by any of the modes prescribed in the SARFAESI Act including sale by negotiation with any of the bidders and/or other parties by private treaty.

7. I/We understand that time is the essence for completing the acquisition formalities of the property and I/we agree and undertake to abide by it.

8. I/We have remitted Rs. Lakh (Rupees ……………............................................................

......................…………………………………………………………….…) towards earnest money Deposit (EMD) in the name of “IDBI Bank Ltd by way of RTGS amount in favour of IDBI Bank LTD., A/c No.0202102000014784 IFSC Code: IBKL0000202, Branch : Bangalore

9. We understand that the EMD will not carry any interest.

10. We understand that the Bid should be unconditional and Bid/Offer having conditions contrary to the terms and conditions of the Bid/Offer document can be summarily rejected.

Place: Date: ……. day of ________2016 Signature…………………………………………. in the capacity of .................

Duly Authorized to Sign Bid and on behalf of …………..

(Name and address Bidder) (IN BLOCK CAPITALS) WITNESS: Signature: Name and address