THE TAMILNADU INDUSTRIAL INVESTMENTCORPORATION LIMITED (Government of Tamilnadu Undertaking) C.S Sengottiah Complex, IInd Floor, 23, Chidambara Colony 80 Feet Road Periyar Erode –638001 Phone: 0424 – 2262080, 2241107 Mail: [email protected]Web: www.tiic.org 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 in “AS IS WHERE IS” condition by our branch as given below: Borrower(s) / Guarantor(s) Amount due Rs. (Interest charged upto 31.01.2020) Description of the property Upset Price (Rs. In lakhs) Earnest Money Deposit (EMD) (Rs. In lakhs) Minimum Incremen tal Amount (Rs.) M/s.Sri Annanmar Modern Rice Mill, No.502/10, Konthalampudur, Thattampalayam Post, Sivagiri (via), Erode District – 638 109 Rs. 1,44,71,757/- Primary Security: Machineries: 1. SS Paddy Par Boiling Unit-15Ton-1 No 2. MS Paddy Pre Cleaner- 1No 3. SS Paddy Bed Cooler - 15 Ton -1No 4. SS Paddy Elavator-1 No 5. SS Paddy Dryer-15 Ton-15 Ton-1No 6. Paddy cleaner with de- stoner-1 No 7. Huller with stand-2 Nos 8. BB 8&10 Blower-3 Nos 9. Destoner shaker-1 No 10.Elevator-11 Nos 11.Storage bin – 15 Ton- 3 Nos 12.Faso high speed colour sorting machine – 140 channels-1No 13.Rice whitener, silky Polisher, Grader –Each 1 No 14.Elgi Air compressor Model TS 15-1 No 15.Siemens Motors-20 Nos 16.Refrigerated compressed air dryer- 94.00 5.00 10,000 /-
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THE TAMILNADU INDUSTRIAL INVESTMENTCORPORATION LIMITED
The Assets of the following concern(s) taken possession under Section 29 of StateFinancial Corporations Act 1951 will be sold by Tender cum Public Auction in “AS IS WHEREIS” condition by our branch as given below:
Borrower(s) /Guarantor(s)
Amount dueRs. (Interestcharged upto31.01.2020)
Description of theproperty
UpsetPrice
(Rs. Inlakhs)
EarnestMoneyDeposit(EMD)(Rs. Inlakhs)
MinimumIncremen
talAmount
(Rs.)
M/s.Sri Annanmar Modern Rice Mill,No.502/10, Konthalampudur,Thattampalayam Post, Sivagiri (via),Erode District – 638109
Rs.1,44,71,757/-
Primary Security:Machineries:1. SS Paddy Par Boiling
Unit-15Ton-1 No2. MS Paddy Pre Cleaner-
1No3. SS Paddy Bed Cooler -
15 Ton -1No 4. SS Paddy Elavator-1
No5. SS Paddy Dryer-15
Ton-15 Ton-1No 6. Paddy cleaner with de-
stoner-1 No7. Huller with stand-2
Nos8. BB 8&10 Blower-3 Nos9. Destoner shaker-1 No10.Elevator-11 Nos 11.Storage bin – 15 Ton-
Date of inspection of property Last date for submission ofBid form, KYC documents& payment of EMD
Date / time of Auction
Date:10.03.2020Between 11.00 am to 5.00pm
Date: 16.03.2020Time: Before 4.00 pm
Date :23.03.2020Time : From 11.00 am to 1.00 pm
1. Date of inspection of the property is 10.03.2020 from 11.00 am to 5.00 pm andthe last date of Earnest Money Deposit (EMD) shall be 16.03.2020 by 4.00 pm.
2. The sale / auction will be conducted on 23.03.2020 from 11.00 am by theundersigned through e-Auction platform www.c1india.com
3. Extension of time of the e-Auction from the last bid is 5 minutes each and theextension 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 theamount outstanding and incidental expenses, costs, etc. is due and payable tillits realization.
5. The bid amount should be more than upset price.
6. EMD shall be payable through DD in favour of the TIIC ltd., payable at Erodeand shall be submitted at Erode branch office. The interested bidders shallsubmit 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 website www.c1india.com before submitting their bidsand taking part in the e-Auction.
8. The prospective qualified bidders may avail online training on e-Auction from‘M/s C1 India Private Ltd.’,prior to the date of e-auction and can contact through
India Phone No.9840446485, email [email protected] Neither the authorizedofficer / TIIC Ltd., nor ‘M/s C1 India Private Ltd.,’shall be liable for any internetnetwork problem and the interested bidders to ensure that they are technicallywell equipped for participating in the e-auction event.
9. The Earnest Money Deposit (EMD) of the successful bidder shall be retainedtowards part sale consideration and the EMD of the unsuccessful bidders shallbe refunded. EMD shall not bear any interest. The successful bidder shall haveto deposit 25% of the sale price, adjusting the EMD already paid before theclose 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 dayof sale confirmation or within such extended period as agreed upon in writingby and sale at the discretion of the TIIC Ltd., In case of default in payment bythe successful bidder, the amount already deposited by the offer shall be liableto be forfeited and the property shall be put to re-auction and the defaultingborrower / bidder shall have no claim / right in respect of the mount /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