INDUSTRIAL DEVELOPMENT BANK OF INDIA Limited (IDBI Ltd)

INDUSTRIAL DEVELOPMENT BANK OF INDIA Limited (IDBI Ltd)BID DOCUMENT For
Enforcement of Security Interest Act, 2002
and
Date: April 8, 2017
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8
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9. Declaration by Bidder (on general stamp paper of Rs.100/-)
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IDBI Tower, BKC, Opposite NSE, Bandra (East),
Mumbai – 400 051
TThhrroouugghh ee--aauuccttiioonn of Properties of S Kumars Nationwide Limited
The Authorised Officer (AO) of IDBI Bank Ltd (IDBI) (on behalf of and with the consent of the
majority of the lenders representing 77.25% in value of the amount outstanding) invites Bids/
Offers from reputed and genuine parties for purchase of the following immoveable property
(secured asset) of S Kumars Nationwide Ltd under the provisions of the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with
the Security Interest (Enforcement) Rules 2002, of the said Act on “as is where is basis” and
“as is what is basis”, “whatever there is basis” and “no recourse basis” and the same are
being sold free from charges and encumbrances of the secured lenders. Detailed description of
the asset is given below:
Lot
No.
land situate, lying and being at Dongergaon bearing
sub-division No.120 of village Dongergaon, Taluka
Mawal, District Pune, Panchayat Samiti Mawal,
Group Grampanchayat, Kusgaon Badrukh
Sub-division layout plot no. 8 which is bounded as
(a) On or towards East by Plot No.9 (b) On or
towards West by Plot No.7 (c) On or towards North
by Internal Road and (d) On or towards South by
Plot Nos.42 & 43; together with all buildings,
structures and godowns erected or to be erected
hereafter.
Land
15.58
1.55
II All that piece or parcels of land in the village of
Shankergarh in Dewas Tehsil in Dewas District in
the State of Madhya Pradesh bearing the following
survey Nos. 300, 301, 314/2, 316, 255/2, 257, 260/2,
264, 266, 268, 339, 256/2, 258/2, 263/2, 265, 267,
269, 270/2, 285, 286, 287, 288, 304, 305, 309, 321/2
and 335/1 measuring 141579.30 sq. Mtrs together
with all buildings and structures constructed/ to be
constructed thereon and all plant and machinery
attached /to be attached to the earth or permanently
fastened to anything to the earth and fixtures and
fittings installed /to be installed thereon and every
part thereof and all the movables
Land & Bldg.
790
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IV All that pieces of land and parcels of land in the
village of Balgarh in Dewas Tehsil in district Dewas
in the State of Madhya Pradesh bearing the
following Survey nos. 182, 192/2, 183, 193, 194,
194/4, 259/1, 260/2, 261/1, 257/2, 156/2, 262, 263,
264/1, 243/2, 271/2, 272/1, 275/1, 265/1 measuring
99769.30 sq mtrs together with all buildings and
structures constructed thereon and all plant and
machinery attached /to be attached to the earth or
permanently fastened to anything to the earth and
fixtures and fittings installed /to be installed thereon
and every part thereof and all the movables.
Land
2245
225
EMD to be remitted to IDBI Bank by way of RTGS/NEFT only : Account No. 100034915010017, IFSC Code: IBKL0001000, Branch: BKC, Mumbai
Please note that aforesaid sale shall be subject to the final order as may be passed by the
Hon’ble High Court of Gujarat at Ahmedabad in Special Civil Application No.8130/
2015 titled S Kumars Nationwide Versus Union of India & Ors
IMPORTANT DATES:
Sale of Bid / Tender document April 8, 2017
Date of Inspection April 28, 2017– Pune Property (11 a.m.- 1 p.m.)
April 29, 2017 – Dewas Property (11 a.m.- 4 p.m.)
Last date of submission of bid along
with EMD & KYC Documents
Date and Time of e–auction May 12, 2017
Pune Property (Lot I) (11 a.m. – 1 p.m.
Dewas Properties (Lot II, III, IV) (2 p.m. – 4 p.m.)
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Dues of secured lenders as on February 1, 2016 (Amount in Rs. crore)
*together with further interest thereon with effect from February 1, 2016 at the contractual rates
upon footing of compound interest until payment/realization
# as on 1/7/2015
Outstanding
2 JM Financial ARC Pvt Ltd (for
debt assigned by Bank of India)
599.51 941.64
assigned by SBI)
assigned by Exim Bank)
Indian Overseas Bank)
7 Union Bank Of India 82.47 138.22
8 Central Bank Of India 237.00 400.61
9 The J&K Bank Ltd 39.63 70.14
10 Indian Bank 14.53 23.61
11 Finquest Financial Solutions
(assigned by ICICI Bank)
13 Corporation Bank 82.00 124.00#
14 Karnataka State Financial
Total 2631.37 4639.06
General Terms and Conditions 1. The sale would be on E-Auction platform at website: https://idbi.auctiontiger.net through
e-auction service provider M/s. Auction Tiger with unlimited extensions of 5 minutes
each.
2. The interested bidders shall submit their Bid along with EMD & KYC documents (PAN
Card/Address proof). On receipt of the EMD, the bidders shall receive user id / password
on their valid email id (mandatory for e-auction) from the e-auction service provider M/s.
Auction Tiger
3. The amount of EMD paid by the interested bidders shall carry no interest.
4. The property is proposed to be sold on “as is where is basis”, “as is what is basis”,
“whatever there is basis” and “no recourse basis”. 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(s) and would be borne by the successful bidder.
Bank does not take any responsibility to provide information on the same.
5. Parties may get the Bid Document, which contains detailed terms and conditions of sale,
bid forms, etc. from any of our office, on all working days or download from IDBI
Bank’s website www.idbibank.com
errors/omissions/discrepancy/shortfall, etc. in the secured assets or for procuring any
permissions, etc. or for the dues of any authority established by law.
auctioneer website https://idbi.auctiontiger.net
8. Interested parties may contact Ms. Teena Gawande on (T) +91 22 61279257, (e-mail)
[email protected]. or Ms Indira Udyaver on (T) +91 22 61279256, (e-mail)
[email protected]. For e-auction support, you may contact Mr. Tilak Maratha at
9067799646 or Mr. Vijay Shetty at 9619120214 and help line Nos.: (079)
40230823/813/814/815/816/817/818/819/820
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I INTRODUCTION
IDBI Bank Ltd (IDBI) having its Head Office at IDBI Tower, World Trade Centre Complex,
Cuffe Parade, Mumbai-400 005 issued a notice dated June 23, 2014 under Section 13 (2) of
the Securitisation and Reconstruction of Financial Assets and Enforcement of Security
Interest Act, 2002 (hereinafter referred to as “the SARFAESI Act”) calling upon M/s S
Kumars Nationwide Limited having registered office B-2, 5th Floor, Marathon Next Gen,
Off. G.K.Marg, Worli, Lower Parel (West), Mumbai–400013 in the state of Maharashtra
(hereinafter referred to as the Borrower) to repay within 60 days from the date of the said
notice, the amount mentioned in the said notice. Though the Borrower duly acknowledged
receipt of the said notice, it failed to discharge the liability.
As the company has mortgaged the property to IDBI Bank Ltd as security, dues recoverable
from the Borrower constitute and represent 100% value of the outstanding dues having
charge on the assets as envisaged under Section 13 (9) of SARFAESI Act. The possession of
immovable properties was taken by the Authorised Officer (AO) of IDBI Bank on January
16, 2015 (Dongergaon, Pune), December 9, 2016 (Chamunda unit, Shankergarh, Dewas, MP)
and January 13, 2017 (Balgarh land in Dewas, MP) under the SARFAESI Act. The AO has
also got the assets valued after taking possession as required under the SARFAESI Act.
The list of secured assets being put on sale is mentioned hereinafter.
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(1) Property Description (Lot I) - (Vacant Land)
All that piece and parcel of non-agriculture vacant land situate, lying and being at
Dongergaon bearing sub-division No.120 of village Dongergaon, Taluka Mawal, District
Pune, Panchayat Samiti Mawal, Group Grampanchayat, Kusgaon Badrukh admeasuring 414
Sq. yards or thereaboubts and the Sub-division layout plot no. 8 which is bounded as under:
(a) On or towards East by Plot No.9
(b) On or towards West by Plot No.7
(c) On or towards North by Internal Road
(d) On or towards South by Plot Nos.42 & 43
together with all buildings, structures and godowns erected or to be erected hereafter.
owned by S Kumars Nationwide Ltd (formerly known as S Kumars Synfabs Ltd)
(2) Property Description (Lot II & III) – Textile Manufacturing Unit (Closed)
All that piece or parcels of land in the village of Shankergarh in Dewas Tehsil in Dewas
District in the State of Madhya Pradesh bearing the following survey Nos. 300, 301, 314/2,
316, 255/2, 257, 260/2, 264, 266, 268, 339, 256/2, 258/2, 263/2, 265, 267, 269, 270/2, 285,
286, 287, 288, 304, 305, 309, 321/2 and 335/1 measuring 141579.30 sq. Mtrs together with
all buildings and structures constructed/ to be constructed thereon and all plant and
machinery attached /to be attached to the earth or permanently fastened to anything to the
earth and fixtures and fittings installed /to be installed thereon and every part thereof and all
the movables
(3) Property Description (Lot IV) - (Vacant Land)
All that pieces of land and parcels of land in the village of Balgarh in Dewas Tehsil in district
Dewas in the State of Madhya Pradesh bearing the following Survey nos. 182, 192/2, 183,
193, 194, 194/4, 259/1, 260/2, 261/1, 257/2, 156/2, 262, 263, 264/1, 243/2, 271/2, 272/1,
275/1, 265/1 measuring 99769.30 sq mtrs together with all buildings and structures
constructed thereon and all plant and machinery attached /to be attached to the earth or
permanently fastened to anything to the earth and fixtures and fittings installed /to be installed
thereon and every part thereof and all the movables.
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III OUTSTANDING DUES OF THE SECURED LENDERS
Dues of secured creditors as on February 1, 2016 (Amount in Rs. crore)
*together with further interest thereon with effect from February 1, 2016 at the contractual
rates upon footing of compound interest until payment/realization
# as on 1/7/2015
Outstanding
2 JM Financial ARC Pvt Ltd (for
debt assigned by Bank of India)
599.51 941.64
assigned by SBI)
assigned by Exim Bank)
Indian Overseas Bank)
7 Union Bank Of India 82.47 138.22
8 Central Bank Of India 237.00 400.61
9 The J&K Bank Ltd 39.63 70.14
10 Indian Bank 14.53 23.61
11 Finquest Financial Solutions
(assigned by ICICI Bank)
13 Corporation Bank 82.00 124.00#
14 Karnataka State Financial
IV. TERMS AND CONDITIONS
1 The Authorised Officer (AO) of IDBI Bank Ltd (IDBI) (on behalf of and with the
consent of the majority of the lenders representing 77.25% in value of the amount
outstanding) invites Bids/ Offers from reputed and genuine parties for purchase of the
following immoveable property (secured asset) of S Kumars Nationwide Ltd (Borrower)
under the provisions of the Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement)
Rules 2002, of the said Act on “as is where is basis” and “as is what is basis”,
“whatever there is basis” and “no recourse basis” and the same are being sold free
from charges and encumbrances of the secured lenders
2 Issue of Tender/ Offer / Bid Document
The Bid Document along with Offer Form is available free of cost from April 8, 2017 to
May 8, 2017 and can be obtained from Ms. Teena Gawande, Deputy General Manager
(022-61279257), or from Ms. Indira Udyaver, Manager (022-61279256), IDBI Bank
Ltd., 1st floor, Plot No. C-7, G Block, Opposite NSE, BKC, Bandra (East) Mumbai-
400051 on any working day between 11.00 am to 5.00 pm.
The bid document can also be downloaded from IDBI website (www.idbi.com) and e-
auction service provider https://idbi.auctiontiger.net. Interested parties can participate
in the e-auction for only one or multiple property, as they desire.
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Reserve Price :
The Reserve price for the sale of the Secured Assets is fixed as under:
Lot
No.
Pune
Machinery at Village
Dewas Tehsil in Dewas Dist.,
M.P.
I. Rs.1.55 lakh (Rupees One Lakh Fifty Five Thousand Only)
II. Rs.405 lakh (Rupees Four crore Five Lakh Only)
IV. Rs. 225 lakh (Rupees Two crore Twenty Five Lakh Only)
4 The sale of Secured Assets is on “As is where is basis” and “As is what is basis”,
“Whatever there is basis” and “No recourse basis” The description of the immovable
properties 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. 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(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 S Kumars Nationwide
Ltd, 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 on:
April 28, 2017 (Friday) – Pune Property (11 a.m.- 1 p.m.)
April 29, 2017 (Saturday) – Dewas Properties (11 a.m.- 4 p.m.)
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, verify the area of the premises and condition/ details of 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, quantities,
qualities, specifications, measurements, boundaries and abuttals of the assets/properties
and that the bidder concurs or otherwise admits the identity of the assets/properties
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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 Special Civil Application No.8130/ 2015
In the matter of the Special Civil Application No.8130/ 2015 filed by S Kumars
Nationwide Ltd against Union of India & Ors in the High Court of Gujarat at
Ahmedabad, the court has passed the order dated December 18, 2015 as per which the
court has directed that --“if the Company deposits the amount claimed by the bank
in the notice under Section 13(2) of the SARFAESI Act with accrued interest
within a period of one month from the date of court order then there shall be stay
against recovery proceeding under the SARFAESI Act. If there is any failure on
the part of the petitioners to deposit the aforesaid amount, the interim relief
granted shall automatically stand vacated and the respective banks shall be at
liberty to proceed with in accordance with law for realization of the money, but
all actions, including the sale of the properties, if required, shall be subject to the
final order, as may be passed by this Court in the respective main petitions. If the
properties are to be sold by way of realization of the money after vacation of the
interim relief as observed by us (the Court) on account of the non-compliance of
the conditions, the purchasers shall be specifically informed about the pendency
of the petitions and that the sale is subject to the final order, as may be passed in
the respective petitions.”
As the Borrower has failed to deposit the money with IDBI Bank within a period
of one month from the date of the above court order, the stay granted against
IDBI Bank automatically stands vacated. The next date of hearing in the matter
before the High Court of Gujarat at Ahmedabad is scheduled on April 20, 2017
for the final order, which is awaited.
9 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.
10 Submission of BID/Offer
The Bidder shall complete in all respects the Offer form(s) annexed to the Bid Document
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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 each
page of the Offer. Offers received for sale and / or accepted are not transferable.
The Format for submission of Profile of the bidder is given in Chapter V, VI & VII
respectively of this Bid Documents.
The format Chapter VI is for Individuals and
The format Chapter VII is for Company / Proprietorship / Partnership firms.
Bidders may fill in only the form relevant to them.
11 The Bid/Offer shall be signed by a person or persons duly authorized by the Bidder with
the signature which should be duly attested.
12 The Bid/Offer shall contain the full address, Telephone No., Fax No., e-mail-ID, if any,
of the Bidder for serving notices required to be given to the Bidder in connection with
the Offer.
13 Bidders are also required to submit declaration executed on general stamp paper of
Rs.100/- along with the Bid form as per the format given at Chapter VIII.
14 The Bid/Offer form, declaration etc. shall not be detached from the Bid Documents i.e.
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 i.e. entire set of Bid
Document alongwith duly filled relevant forms be submitted to AO.
15 Last date for submission of Tender/Offer /Bid Document
The interested parties may submit Tender / Offer / Bid Document duly filled and signed
along with the required documents and KYC documents to the AO, Ms. Teena Gawande,
Deputy General Manager, IDBI Bank Ltd., NMG, 1st Floor, IDBI Tower, Plot No. C-7,
G Block, Opposite NSE, BKC, Bandra (East) Mumbai- 400051, not later than 5.00 pm
on May 8, 2017, in a sealed cover superscribed as “Bid Document – S Kumars
Nationwide Ltd.”.
Mode for Payment of EMD:
Bidders can submit the EMD by way of RTGS in favour of IDBI Bank Ltd,
Account No. 100034915010017, IFSC Code: IBKL0001000, Branch : BKC,
Mumbai. Such bidders must indicate RTGS UTR No., amount remitted and date
in the appropriate space in the Bid Forms.
16 Only those bidders will be permitted to participate in the e -Auction whose / Offer /Bid
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Document is complete in every respect and remittance by way of RTGS proceeds is
credited into the account indicated well before the cut-off time. 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 Tender /Offer/ Bid, if found incomplete in any respect,
shall be liable for outright rejection
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Procedure for e-Auction (after submission of bid to AO).
1. IDBI Bank has appointed M/s Auction Tiger (email: [email protected]) as e-
Auction support provider (e-ASP) for said sale.
2. Mr Tilak Maratha at Mob. 09067799646 or Mr. Vijay Shetty at Mob 09619120214
and help line Nos. (079)40230823/813/814/815/816/817/818/819/820 and on email
address: [email protected], representatives of M/s. Auction Tiger.
3. The participants /intending purchasers are necessarily required to submit following
documents / papers for registration to M/s. Auction Tiger.
a. SOI Form duly signed & filled up. Please download from
http://idbi.auctiontiger.net;
b. Self attested copy of Pan Card
c. Self Attested valid residential proof (Voter Id card, Passport copy, Ration
card, telephone bill, electric bill - any one)
d. Self Attested valid e mail id and mobile no. details (with alternate
mobile/ land line phone numbers)
e. Details of EMD i.e. details of RTGS sent to AO.
4. After registration and satisfaction of KYC and other norms, e-ASP would provide
user id and password to the valid bidders.
5. The user id and password will be sent directly to the registered participants /
intending purchasers whose Bid Document is complete in every respect and whose
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 login and participating in the auction through online
process.
6. After receiving the user-id / password from e-ASP, in case any the bidders feels the
need for training / e-auction support, such bidders may request for training for e-
Auction. Contact person- Mr Tilak Maratha at Mob. 09067799646 or Mr. Vijay
40230823/813/814/815/816/817/818/819/820 and on email address:
[email protected]
7. After completion of e-Auction process, e-auction provider would submit list of the
bidders alongwith its bid amount to AO.
8. Thereafter, AO would intimate the bidders accordingly.
9. Bank/ AO / e-ASP will not be held responsible for any error occurred due to power
failure / computer hardware or software error / network error etc. at the time of e-
Auction.
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May 12, 2017
Dewas Properties (Lot II, III, IV) (2 p.m.– 4 p.m.)
The auction would be held with unlimited extensions of 5 minutes each, if required, on
e-Auction platform at website: https://idbi.auctiontiger.net In case no further valid
bids are received during the extended period, the last highest bid received would be
treated as the successful bid and auction would be treated as closed/terminated.
Increase in Bid Amount :
It may be noted that increase in bid amount, if any, during the e-Auction period shall be
made as under.
In multiples of Rs.25,000/- .
Increase in bid amount below the said Rs.25,000/- will be rejected.
For Lot No. II –Dewas Property - Shankergarh (Land & Building)
For Lot No. III – Dewas Property - Shankergarh (Plant & Machinery)
For Lot No. IV – Dewas Property – Balgarh (Land)
First bid should be of at least equal to Reserve Price or increment(s) over the Reserve
Price in multiples as above.
Important Note: Lot No. II will be handed over to the buyer only after the sale of
Lot III takes place.
19 AO reserves the right to retain the EMD of top three bidder’s upto three months from the
date of e-Auction and the amount of such EMD will not carry any interest. 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.
20 Payment of Sale Price
The successful bidder would be informed in writing about the acceptance of his/her
bid/offer by the AO and will be required to deposit 25% of the sale price (less the
amount of EMD) within 3 days from the date of letter intimating acceptance of his/her
bid i.e. confirmation of sale, by way of RTGS in favour of IDBI Bank Ltd, Account No.
100034915010017, IFSC Code: IBKL0001000, Branch: BKC, Mumbai. The balance
amount of the sale price shall have to be paid within 15 days of the date of letter
intimating acceptance of his/her bid i.e. confirmation of sale, by way of RTGS in favour
of IDBI Bank Ltd, Account No. 100034915010017, IFSC Code: IBKL0001000, Branch:
BKC, Mumbai) or such extended period as may be agreed upon in writing between the
successful bidder and the AO.
21 In case the successful bidder fails to deposit 25% of the sale price within stipulated
period, 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.
22 The defaulting successful bidder shall forfeit all claims to the assets or to any part of the
sum for which it may be subsequently sold.
23 In the event of the successful bidder failing to pay the consideration amount within the
time schedule stipulated, the AO reserves the right to re-sell the assets to the
second/third highest bidder in the above manner, who shall also be treated as the
successful bidder mentioned in clauses 10 to 18 above and further in terms of this Bid
Document.
24 On confirmation of sale and if the terms of payment have been complied with and the
successful bidder pays entire sale consideration, the AO exercising the power of sale
shall issue “Certificate of Sale” for the movable and immovable property in favour of
the purchaser as per the format provided in the Security Interest (Enforcement) Rules,
17
2002.
25 The Successful Bidder shall, after making full payment of sale price within 15 days of
acceptance of bid/offer or such extended period as may be granted by the AO at his sole
and absolute discretion, arrange to take possession of the Secured Assets immediately
thereafter. It is explicitly stated that once the Sale Certificate is issued by the AO, the
AO/ IDBI Bank Ltd or its any official shall not be held responsible for security and safe-
keeping of the Secured Assets. In case the successful bidder fails to take possession of
the secured assets as stated above, the AO reserves the right to revoke the sale confirmed
in his/her favour, forfeit the entire amount paid by the successful bidder and go for re-
bidding or sell the secured assets by any of the modes as prescribed in the SARFAESI
Act including sale by negotiation with any of the bidders and/or other parties by private
treaty. In such an event, the original successful bidder shall have no claims on the
secured assets or to any amount /s for which it may be subsequently sold.
26 After issuance of Certificate of Sale by AO, the Successful Bidder (purchaser) is
required to get the same registered with the competent authority (if required) within four
months or as per norms guidelines of government authorities issued from time to time at
his cost. The purchaser will be required to bear all the necessary expenses like stamp
duty, registration expenses, conveyance expenses, etc. for transfer of assets in his/her
name. It is expressly stipulated that there are no implied obligations on the part of the
AO or the secured lenders 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 assets transferred in his
/her/their name. Bank does not take any responsibility to provide information on the
same.
27 The submission of the Bid/Offer means and implies that the Bidder/Offerer has
unconditionally and irrevocably agreed to and accepted all the above terms and
conditions of the Bid/Offer laid down herein.
28 The time hereinabove fixed for the observance and performance by the bidder of any of
the obligations to be observed by him/her under these conditions is and shall be deemed
to be of the essence.
29 General Terms and Conditions
18
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.
30 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.
31 The AO reserves the right and liberty to accept/reject any or all the Bids/Offers 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 her sole and absolute discretion,
reserves the right to go for re-bidding or sell the assets by any of the modes as prescribed
in the SARFAESI Act including sale by negotiation with any of the bidders and/or other
parties by private treaty and the Bidders shall have no right to object to the same.
32 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.
33 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.
34 Jurisdiction
All disputes arising amongst the parties shall be adjudicated according to Indian Law
and the Courts in Mumbai alone shall have jurisdiction to entertain /adjudicate such
disputes.
BID FORM FOR PURCHASE OF SECURED ASSETS OF
M/S. S KUMAR NATIONWIDE LTD.
1 Issue of
: The Bid/Offer Document can be obtained from Ms.Teena Gawande,
Deputy General Manager and Ms. Indira Udyaver, Manager, IDBI
Bank Ltd., 1st Floor, Opp. NSE, Plot No.C-7, G Block, BKC, Bandra
(East), Mumbai – 400051 from April 8, 2017 to May 8, 2017 on any
working day between 11.00 am to 5.00 pm.
The Bid/Offer Document can also be downloaded from IDBI website
(www.idbibank.com) or https://idbi.auctiontiger.net
4 Place, Date
and time of
https://idbi.auctiontiger.net
Pune Property (Lot I) (11 a.m. – 1 p.m.)
********
VI. FORMAT FOR SUBMISSION OF
PROFILE OF THE BIDDER- INDIVIDUAL
For purchase of secured assets (please tick the property details for which bid is being
submitted)–
(i) All that piece and parcel of non-agriculture vacant land situate, lying and being at
Dongergaon bearing sub-division No.120 of village Dongergaon, Taluka Mawal,
District Pune, Panchayat Samiti Mawal, Group Grampanchayat, Kusgaon Badrukh
admeasuring 414 Sq. yards or thereaboubts and the Sub-division layout plot no. 8
which is bounded as (a) On or towards East by Plot No.9 (b) On or towards West by
Plot No.7 (c) On or towards North by Internal Road & (d) On or towards South by
Plot Nos.42 & 43; together with all buildings, structures and godowns erected or to be
erected hereafter., owned by S Kumars Nationwide Ltd (formerly known as S Kumars
Synfabs Ltd)
(ii) All that piece or parcels of land in the village of Shankergarh in Dewas Tehsil in
Dewas District in the State of Madhya Pradesh bearing the following survey Nos.
300, 301, 314/2, 316, 255/2, 257, 260/2, 264, 266, 268, 339, 256/2, 258/2, 263/2, 265,
267, 269, 270/2, 285, 286, 287, 288, 304, 305, 309, 321/2 and 335/1 measuring
141579.30 sq. Mtrs together with all buildings and structures constructed/ to be
constructed thereon and all plant and machinery attached /to be attached to the earth
or permanently fastened to anything to the earth and fixtures and fittings installed /to
be installed thereon and every part thereof and all the movables
(iii) All that pieces of land and parcels of land in the village of Balgarh in Dewas Tehsil in
district Dewas in the State of Madhya Pradesh bearing the following Survey nos. 182,
192/2, 183, 193, 194, 194/4, 259/1, 260/2, 261/1, 257/2, 156/2, 262, 263, 264/1,
243/2, 271/2, 272/1, 275/1, 265/1 measuring 99769.30 sq mtrs together with all
buildings and structures constructed thereon and all plant and machinery attached /to
be attached to the earth or permanently fastened to anything to the earth and fixtures
and fittings installed /to be installed thereon and every part thereof and all the
movables.
Bidder/Offerer
:
any)
Bidder/Offeror has with any
:
Company/Firm/Person in whose
name the Secured
Deposit (EMD)- separately for
Number(s) (PAN) of Bidder/
refund of EMD amount)
Bank Name & Branch:
* Each and every information and documents to be submitted is mandatory.
I/We have read and understood the detailed terms and conditions of the sale 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/ incomplete, I/We shall not hold
the Authorised Officer or secured lenders responsible for the same and shall not have any
claim whatsoever against either of them.
Signature of the Bidder/Offerer
Name of the Signatory
VII. BID FORM FOR COMPANY/ PARTNERSHIP/ PROPRIETORSHIP FIRM
For purchase of secured assets (please tick the property details for which bid is being
submitted)–
(i) All that piece and parcel of non-agriculture vacant land situate, lying and being at
Dongergaon bearing sub-division No.120 of village Dongergaon, Taluka Mawal,
District Pune, Panchayat Samiti Mawal, Group Grampanchayat, Kusgaon Badrukh
admeasuring 414 Sq. yards or thereaboubts and the Sub-division layout plot no. 8
which is bounded as (a) On or towards East by Plot No.9 (b) On or towards West by
Plot No.7 (c) On or towards North by Internal Road & (d) On or towards South by
Plot Nos.42 & 43; together with all buildings, structures and godowns erected or to be
erected hereafter., owned by S Kumars Nationwide Ltd (formerly known as S Kumars
Synfabs Ltd)
300, 301, 314/2, 316, 255/2, 257, 260/2, 264, 266, 268, 339, 256/2, 258/2, 263/2, 265,
267, 269, 270/2, 285, 286, 287, 288, 304, 305, 309, 321/2 and 335/1 measuring
192/2, 183, 193, 194, 194/4, 259/1, 260/2, 261/1, 257/2, 156/2, 262, 263, 264/1,
movables.
1. a) Name of the Company/ Firm/
Party
Fax Nos.; Website, etc.
Partners
b)
c)
d)
e)
f)
(attested copy of PAN card of the
company to be attached)
Tax clearance certificate)
behalf of the company/firm /party
(in Block letters)
attached to carry out the e-Auction
process)
Authorise person with
11 Relationship, if any, the
Bidder/Offerer has with any
:
Lot
14 Bank Account details(In case of
refund of EMD amount)
IFSC Code:
*Each and every information and documents to be submitted is mandatory.
I/We have read and understood the detailed terms and conditions of the sale 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/ incomplete, I/We shall not hold
the Authorised Officer or secured lenders responsible for the same and shall not have any
claim whatsoever against either of them.
Signature:
Designation:
********
(DECLARATION BY THE BIDDER)
FORM OF BID/OFFER
To,
Floor, BKC,
Bandra (East),
Sale of Secured Assets at Pune and Dewas
(i) Immovable asset comprising of All that piece and parcel of non-agriculture vacant
land situate, lying and being at Dongergaon bearing sub-division No.120 of village
Dongergaon, Taluka Mawal, District Pune, Panchayat Samiti Mawal, Group
Grampanchayat, Kusgaon Badrukh admeasuring 414 Sq. yards or thereaboubts and
the Sub-division layout plot no. 8 which is bounded as (a) On or towards East by Plot
No.9 (b) On or towards West by Plot No.7 (c) On or towards North by Internal Road
& (d) On or towards South by Plot Nos.42 & 43; together with all buildings,
structures and godowns erected or to be erected hereafter., owned by S Kumars
Nationwide Ltd (formerly known as S Kumars Synfabs Ltd)
300, 301, 314/2, 316, 255/2, 257, 260/2, 264, 266, 268, 339, 256/2, 258/2, 263/2, 265,
267, 269, 270/2, 285, 286, 287, 288, 304, 305, 309, 321/2 and 335/1 measuring
192/2, 183, 193, 194, 194/4, 259/1, 260/2, 261/1, 257/2, 156/2, 262, 263, 264/1,
26
movables.
1. Having fully examined and understood the terms and conditions of the Bid Document
and condition and status of the Secured Assets/property, I/We offer to purchase the said
Secured Assets 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 acceptance of bid/offer or such extended period
as may be granted by the AO at his sole and absolute discretion, I/we shall arrange to take
possession of the secured assets immediately of entire sale consideration. 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 assets. We further understand that in the event I/We
fail to take possession of the Secured Assets 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 assets or to any amount/s for which it may be
subsequently sold.
5. I/We clearly understand and accept that the Authorised Officer or the secured lenders
do not take or assume any responsibility for any dues, statutory or otherwise, of S Kumars
Nationwide Ltd. including such dues that may affect transfer of the assets in the name of the
27
purchaser and such dues, if any, will have to be borne/paid by me/us in case my/our Bid/offer
is accepted.
6. I/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 Authorised Officer goes for
re-bidding or sell the assets by any of the modes as prescribed in the SARFAESI Act
including sale by negotiation with any of the bidders and/or other parties by private
treatyI/We understand that time is the essence for completing the acquisition formalities of
the Secured Asset/property and I/we agree and undertake to abide by it.
7. We understand that the Earnest Money Deposit (EMD) will not carry any interest
8. We understand that the Bid/Offer should be unconditional and Bid/Offer having
conditions contrary to the terms and conditions of the Bid/Offer document can be summarily
rejected.
Place :
duly authorised to sign Bid/Offer for and on behalf of .................................................
(Name and address of the Bidder/Offerer)
(IN BLOCK CAPITALS)