· Online Technical Bid Opening date and time 11.07.2018 at 15.30 Hrs. For Further details, please...
Transcript of · Online Technical Bid Opening date and time 11.07.2018 at 15.30 Hrs. For Further details, please...
MONDAY 25�06�2018 04 DHARMAPURI THE NEW INDIAN EXPRESS
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V.O.CHIDAMBARANAR PORT TRUSTCivil Engineering Department, Tuticorin- 628 004.
NIT No & Dated 02HMTC/2018-19/D.1289 Dated: 20.06.2018
Name of work Rectifying the damaged steel door and renewal of damaged acrylic sheet at warehouses inside Green Gate in VOCPT
Estimated Amount Rs.18,79,821/- Downloading of Tender documents from VOCPT online e-tendering web site. 25.06.2018 to 10.07.2018 up to 15:00 Hrs
Last Date and Time for submission of Tenders on line. 10.07.2018 up to 15.00 Hrs.
Online Technical Bid Opening date and time 11.07.2018 at 15.30 Hrs.For Further details, please visit Port’s website www.vocport.gov.in
NOTICE INVITING TENDER (NIT) Only through E-Tendering Mode VOCPT E-Tendering Website:www.tenderwizard.com/VOCPT
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1
The Authorized Officer (AO)
Of
IDBI BANK LIMITED
IDBI Bank Ltd,
No.15, Second Cross, Kamaraj colony, Hosur, Krishnagiri Distirct, Tamilnadu, PIN-635109
TENDER DOCUMENT/OFFER/BID DOCUMENT
For
Sale of Secured Assets of
M/s SRI MARUTHI DAIRY PRODUCTS PVT LTD
(Borrower)
&
SHRI. K. NAGARAJAN
(Mortgagor – Guarantor)
Sale Under the provisions of
The Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 (SARFAESI)
And
The Security Interest (Enforcement) Rules, 2002
2
CONTENTS
Sr No. Particulars Page No.
I Public Notice for e-auction published in the
newspapers 3-5
II Brief Description – Movable & Immovable of
Properties 6
III Outstanding dues of IDBI Bank 6
IV Terms & Conditions 7-12
V Brief details of Bid/Offer document 13-14
VI Form of Profile of the Bidder - Individual 15-16
VII Form of Profile of the Bidder – Company / Firm
/Party 17-19
VIII Form of Appendix to the Bid/Offer (declaration by
the Bidder) 20-22
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CIN - L65190MH2004GOI148838
IDBI Bank Ltd,
No.15, II Cross, Kamaraj Colony, Hosur, Krishnagiri-635109
www.idbibank.com
E-AUCTION SALE NOTICE
SALE OF MOVABLE & IMMOVABLE PROPERTIES ("SECURED ASSETS") IN
CONNECTION WITH SRI MARUTHI DAIRY PRODUCTS PVT LTD
The undersigned being the Authorized Officer (AO) of the IDBI Bank Ltd. (IDBI) invites Bids/Offers
through E-Auction for sale of the following properties 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, possession whereof has been taken by the AO, IDBI Bank Ltd on
October 21, 2014
Brief Description of Property:
Item No.1 : In the Name of M/s. Sri Maruthi Dairy Products Limited as per the Sale deed No.
3795/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri District
attached to the Registration District of Krishnagiri and Sub Registration District of Denkanikottai, (1) Sy.
No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre. 0.20 Cents. (2) Sy. No. 595,
Dry Ext. Hec. 0.79.5, Asst. Rs. 0.57 out of this an extent of Acre. 0.80 Cents. Altogether Two Survey
Nos. Making a total extent of Acre. 1.00 with the following boundaries : East : Survey No. 595 land
belongs to S. Muniyappa Vagaira's, West : Survey No. 592/1 land belongs to Rajappa, North : Remaining
land in the same Survey Number belongs to the Vendors & Road, South : Survey No. 594, land belongs to
K. Sonnappa. Within these boundaries the above said land measuring an extent of 1.00 Acre.
Item No.2 : In the Name of Shri. K. Nagarajan, S/o. Shri. Krishnappa. As per the Sale deed No.
4624/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri District
attached to the Registration District of Krishnagiri and Sub Registration District of Denkanikottai, (1) Sy.
No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre. 0.38 Cents. (2) Sy. No. 595,
Dry Ext. Hec. 0.79.5, Asst. Rs. 0.87 out of this an extent of Acre. 0.85 Cents Altogether Two Survey Nos.
Making a total extent of Acre. 1.23 with the following boundaries: East : Land belongs to S. Muniyappa
(Vendors ) Vagaira's, West : Survey No. 592/1, North : Road, South : Land belongs to K. Nagarajan.
Within these boundaries the above said land measuring an extent of 1.23 Acre.
Item No.3 : Plant & Machinery :
All the Plant and machinery available in the premises related to Dairy product manufacturing, etc.
FOR ITEM No. 1 & 2
(Lot 1)
For Item no. 3
(Lot 2)
Reserve Price Rs. 65,00,000/- Rs.5,00,000/-
Earnest Money Deposit Rs.6,50,000/- Rs.50,000/-
Date of Inspection July 04, 2018 (Wednesday) from 2.00 p.m. to 4.00 p.m.
Last Date of Submission of Bids July 09, 2018 (Monday) upto 4.00 p.m
Date & Time of Auction July 11, 2018 (Wednesday) by 11.00 a.m. to 12.00 noon
(Unlimited extensions of 5 minute each)
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Gist of the terms & conditions appearing in Bid Document:
1. The sale of Secured Assets is on "as is where is basis", "as is what is basis", "whatever there is basis"
and "no recourse basis" for and on behalf of the Secured Creditor viz.: IDBI Bank Ltd. having
outstanding dues of about Rs. 2,24,07,875/- [Rupees Two Crore Twenty Four Lakh Seven Thousand
Eight Hundred and Seventy Five only], along with the further interest and other expenses/costs
thereon with effect from June 01, 2018 for Term loan account and June 02 , 2018 for Cash Credit and
Expenses a/c, 2018.
2. The sale would be on e-auction platform at website: https://idbi.auctiontiger.net (Property Details are
available on Auction Tiger Mobile App) and shall take place on July 11, 2018 from 11.00 a.m to
12. 00 noon, unlimited extensions of 5 minute each.
3. Bid increment amount: Rs.25,000/-.The e-auction of the above property would be conducted exactly
on the Scheduled Date & Time as mentioned above by way of inter-se bidding amongst bidders.
4. Intending bidders shall hold a valid e-mail address, please contact M/s e-Procurement Technologies
Limited, Ahmedabad - 300 006., contact person [email protected],
[email protected]. Contact Person - Mr.Praveen Kumar Thever, Mob.No.09722778828.
Mr.Bharathi John (Chennai), Mob. No. 08939000594 (For Technical Support and Bidding Process) E-
Mail id - [email protected]. AUCTION TIGER TOLL FREE NUMBER - 18001035342.
5. Bidders are advised to go through the website https://idbi.auctiontiger.net for detailed terms and
conditions of auction sale before submitting their Bids for taking part in the e-auction sale
proceedings.
6. The interested bidders shall submit their Bids along with EMD & KYC documents (PAN
Card/Address Proof). On receipt of the EMD, the bidders shall receive user id/password on their valid
e-mail id (mandatory for e-auction) from the e-auction service provider M/s. e-Procurement
Technologies Limited.
7. The amount of EMD paid by the interest bidders shall carry no interest. AO may retain EMD of top
three bidders upto 3 months from the date of opening the bids, at the discretion of AO.
8. All statutory liabilities/taxes/ Property tax/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. It is the responsibility of the
bidders to obtain all these information from respective sources.
9. The Secured Creditor is not aware of any encumbrances/ charges / mortgages in respect of the above
property except charges in favour secured creditor. The Secured Assets are being sold free from
charges and encumbrances created in favor of Secured Creditor only. Possession of the property
detailed in above description will be handed over to the successful bidder by the Bank.
10. Sale is strictly subject to the terms & conditions given in the advertisement to read along with "Tender
Document". Interested parties download from www.idbi.com and https://idbi.auctiontiger.net For any
details, interested parties may contact Shri V.Praveen Kumar on (T) + 04344 2550593, (M)+91
9940965580 (e-mail) [email protected] or the undersigned Shri.Gopalakrishnan
Veeraraghavan, Authorised Officer, IDBI Bank Ltd., No.15, Second Cross, Kamaraj colony, Hosur,
Krishnagiri Distirct, Tamilnadu, PIN-635109
11. The successful bidder will be required to deposit 25% of the sale price (less the amount of EMD
deposited) at the time of confirmation of sale. The balance amount of the sale price is to be paid
within 15 days of the confirmation of the sale or such extended period as may be agreed to by the AO.
In case of failure to deposit the balance amount within the prescribed period, the deposited amount
shall be forfeited, including earnest money.
12. AO reserves the right to accept or reject any or all bids without assigning any reason(s). In case all the
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bids are rejected, the AO reserves the right to sell the assets by any of the modes as prescribed in the
SARFAESI Act.
13. The successful tenderer would be required to bear all the necessary expenses like stamp duty,
registration expenses etc. for transfer of Secured Assets and 1% TDS to be remitted (with applicable
GST).
This may be treated as formal notice to Borrower(s)/Mortgager(s) under Rule 8(6) and 9(1) for
Immovable & movable assets under Security Interest (Enforcement) Rule 2002.
Borrower(s)/Mortgager(s) have the right to tender dues of the Bank together with costs, charges and
expenses under section 13(8) of SARFAESI Act, 2002.
This notice is also being published in vernacular. The English version shall be final in the event of any
ambiguities/interpretation.
Place: Hosur Sd/-
Date: June 25, 2018 (Gopalakrishnan Veeraraghavan)
Authorised Officer
The above notice was published in the following newspapers viz Indian Express (English –Krishnagiri & Dharmapuri Edition), and Dinamani (Tamil- Krishnagiri & Dharmapuri edition)
on June 25, 2018.
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II BRIEF DESCRIPTION OF THE ASSETS
Item No.1 : In the Name of M/s. Sri Maruthi Dairy Products Pvt Ltd as per the Sale deed
No. 3795/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.20 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.57 out of this an extent of Acre.
0.80 Cents. Altogether Two Survey Nos. Making a total extent of Acre. 1.00 cents with the
following boundaries : East : Survey No. 595 land belongs to S. Muniyappa Vagaira's, West :
Survey No. 592/1 land belongs to Rajappa, North : Remaining land in the same Survey Number
belongs to the Vendors & Road, South : Survey No. 594, land belongs to K. Sonnappa. Within
these boundaries the above said land measuring an extent of 1.00 Acre.
Item No.2 : In the Name of Shri. K. Nagarajan, S/o. Shri. Krishnappa. As per the Sale deed
No. 4624/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.38 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.87 out of this an extent of Acre.
0.85 Cents Altogether Two Survey Nos. Making a total extent of Acre. 1.23 cents with the
following boundaries: East : Land belongs to S. Muniyappa (Vendors ) Vagaira's, West : Survey
No. 592/1, North : Road, South : Land belongs to K. Nagarajan. Within these boundaries the
above said land measuring an extent of 1.23 Acre.
Item No.3 : Plant & Machinery of M/s. Sri Maruthi Dairy Products Pvt Ltd :
All the Plant and machinery available in the premises related to Dairy product manufacturing,
etc.
III. Outstanding dues of IDBI Bank in the account of M/s Sri Maruthi Dairy Products Pvt
Ltd as on 01.06.2018
(Rs.Lakh)
Nature of Facility Sanctioned Overdues
Principal Interest & Other
charges
Total
TL (213673200000082) 80.00 55.28 123.44 178.72
CC (213655100000055) 20.00 20.00 23.62 43.62
Legal expenses 1.74 1.74
TOTAL 100.00 77.02 147.06 224.08
TOTAL DUES: Rs.224.08 lakh along with the further interest and other expenses/costs thereon
with effect from June 01, 2018 for Term loan account (TL) and June 02, 2018 for Cash Credit
(CC) and Legal Expenses a/c at the applicable rate as per loan agreement.
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IV TERMS AND CONDITIONS
1 The Authorised Officer (AO) exercising the powers under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with
Security Interest (Enforcement) Rules, 2002 (hereinafter referred to as "the SARFAESI Act")
is selling the assets/properties mentioned at item No. I, II,III of the Tender Document
(hereinafter referred to as the 'Secured Assets') and the same are being sold on “As is where
is”, “As is what is & whatever there is” and „without recourse” basis, subject to terms and
conditions mentioned herein.
2 Auction/ bidding shall only be through “online electronic mode” through the website of the
service provider https://idbi.auctiontiger.net M/s e-Procurement Technologies Limited
(auction tiger), Ahmedabad is the Service Provider to arrange e - auction platform.
3 Issue of Tender/ Offer / Bid Document.
The Tender Document along with offer Form is on sale from June 26, 2018 to July 09, 2018
on any working day between 11.00 am to 4.00 pm and can be obtained from Shri V.Praveen
Kumar, No.15, Second Cross, Kamaraj colony, Hosur, Krishnagiri Distirct, Tamilnadu, PIN-
635109 on payment of non refundable fees of Rs.1000/- (Rupees One Thousand Only) by a
crossed A/c Payee Demand Draft/ Pay order drawn in favour of “IDBI Bank Ltd” payable at
Hosur issued by Nationalized Bank/ Scheduled Bank.
The bid document can also be downloaded from IDBI website www.idbi.com. Those bidders
preferring to download the Bid Document shall have to furnish the non refundable fee of
Rs1000/- as mentioned above, at the time of submission of the bid along with EMD. Interested
parties can participate in the e-auction for the properties item no.1 & 2 together in 1 lot only.
Tender Documents along with EMD to be submitted separately for Item 1 & 2, and
separately for item No.3.
4 Reserve Price
The Reserve price for the sale of the Secured Assets is as under for Item 1 & 2 in 1 lot :
Rs.65,00,000/- (Rupees Sixty Five lakh Only)
The Reserve price for the sale of the Secured Assets is as under for Item 3 : Rs.5,00,000/-
(Rupees Five lakh Only)
Earnest Money Deposit (EMD) The EMD has been fixed at - Rs.6,50,000/- (Rupees Six
Lakh Fifty Thousand Only) for Item 1 & 2 in 1 lot.
The EMD has been fixed at - Rs. 50,000/- (Rupees Fifty Thousand Only) for Item 3.
5 The amount of EMD paid by the interested bidders shall carry no interest.
6 The sale of Secured Assets is on “As is where is”, “As is what is & whatever there is” and
„‟without 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. The purchaser shall bear the applicable stamp duties/additional
stamp duty/transfer charges, fee etc. and all statutory liabilities charges for
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conveyance/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 M/s Sri Maruthi Dairy Products Pvt Ltd, No.70K/27, Indira
Nagar, 40 Feet Road, Near Bagalur Road, Hosur-635 109, Krishnagiri District and Shri.
K.Nagarajan , mortgagor/guarantor in M/s Sri Maruthi Dairy Products Pvt Ltd., or
Mortgagor/Borrower/Co-Borrower 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.
The prospected bidders are advised to satisfy themselves regarding encumbrances, if any, over
the above properties.
7 Inspection of assets The interested parties may inspect the assets at their own cost between
2.00 p.m. and 4.00 p.m. on July 04, 2018 in the presence of a representative of the AO
available at the site to facilitate the inspection.
8 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.
9 To the best of knowledge and information of Bank /Authorized Officer no other encumbrances
exists on the stated properties. However, prospective bidders may peruse the copies of title
deeds available with Bank with prior appointment and also carry out their own enquiries to
satisfy themselves regarding encumbrances, if any over the above properties.
10 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 details of movable 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 purchased by him/her notwithstanding
any discrepancy or variation, by comparison of the description in the particulars of the
assets/properties and their condition.
11 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.
12 Submission of Tender/Offer The Bidder shall complete in all respects the Offer form(s)
annexed to the Tender 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 each page of the Offer. Offers received for sale and / or accepted are not
transferable. The Format for submission of Profile of the bidders are given in Chapter VI &
VII respectively of this Tender Documents. The format Chapter VI is for Individuals and
The format Chapter VII is Company / Proprietorship / Partnership firms. Bidders may
fill in only the form relevant to them and mark “X” in blank spaces
13 The interested bidders shall submit their Bid along with EMD & KYC documents (PAN card
& Address proof) to the Authorised Officer at IDBI Bank Ltd. After scrutinizing if the bid
9
documents are complete in all respect, the eligible bidders shall receive user id / password on
their valid email id (mandatory for e-auction) from the e-auction service provider M/s e-
Procurement Technologies Limited (https://idbi.auctiontiger.net).
14 The Tender/Offer shall be signed by a person or persons duly authorized by the Bidder with
the signature duly attested.
15 The Tender/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.
16 The Tender/Offer 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.
17 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 to the
AO, Shri. Gopalakrishnan Veeraraghavan, Deputy General Manager, IDBI Bank Ltd, No.15,
Second Cross, Kamaraj colony, Hosur, Krishnagiri Distirct, Tamilnadu, PIN-635109 , not later
than 4.00 pm on July 09, 2018 in a sealed cover containing a crossed A/c Payee Demand
Draft/Pay Order of Rs.6,50,000/- (Rupees Six Lakh and Fifty Thousand Only) for Item No.1 &
2 and Rs.50,000/-(Rupees Fifty Thousand only) for Item No.3. The DD / PO should be drawn
in favour of “IDBI Bank Ltd” payable at Hosur issued by Nationalized Bank/ Scheduled
Bank as Earnest Money Deposit (EMD), which shall be superscribed “EMD for M/s Sri
Maruthi Dairy Products Pvt Ltd,” and the other sealed cover containing the Bid Document
superscribed “Bid Document – for Sri Maruthi Dairy Products Pvt Ltd”. Earnest Money
Deposit (EMD) can be also deposited through RTGS/NEFT/Fund Transfer to the Credit of
Account No. 21337000010052, A/c name IDBI Bank Limited, IFSC Code: IBKL0000213,
Branch: IDBI Bank Ltd, No.15, Second Cross, Kamaraj colony, Hosur, Krishnagiri Distirct,
Tamilnadu, PIN-635109. In case, the amount is remitted by way of RTGS, bidders must
indicate RTGS UTR No., amount remitted and date in the appropriate space in the Bid Form.
Interested parties can participate in the e-auction for properties in 1 lot (only) for Item
No. 1 & 2, and separately for Item No.3, as they desire.
18 Only those bidders will be permitted to participate in the e -auction whose Tender/ Offer /Bid
Document is complete in every respect and whose Demand Draft/Pay Order for EMD is found
to be in order well before the cut-off time. Bank does not take any responsibility and will not
entertain any complaint - Form of Tender /Offer/ Bid, if found incomplete in any respect, shall
be liable for outright rejection. Bidders whose forms are found to be in order together with the
EMD / Cost of Tender Document submitted by them, will be intimated by e-mail and through
mobile.
19 Registration with E-Auction Service Provider Participants who are not already registered
with the e-auction provider M/s. E Procurement Technologies Ahmedabad should Register
themselves by following the procedure mentioned at the website:
https://idbi.auctiontiger.net.
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. The documents with further directions by the e-
auction provider company, if any, for log in and participating in the auction through online
process. After receiving the userid / password, in case any bidders feel the need for training / e
– auction support, such bidders may contact M/s. E-Procurement Technologies Ltd –
Auction Tiger Contact. No. 079-40230 823/813/814/815/816/817/818/189/820, Toll Free No
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-1800 103 5342
email id: [email protected] / [email protected] 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. The Bank/ AO / e-auction service provider will not be
responsible for any error occurred due to power failure / computer hardware or software
error / network error etc. at the time of e-auction.
20 The e- auction day : July 11, 2018
E-Auction Time
11.00am to 12.00pm
(Subject to unlimited extension of 5 minutes each as explained herein below)
Interested bidders, who have been found to eligible and submitted their refundable & non
interest bearing EMD, not below Reserve price, before the last date mentioned shall be eligible
for participating in the e- bidding process.
Online Auction shall be held primarily for a period three hours on e-auction platform at
website: https://idbi.auctiontiger.net subject to the condition that if a bidder places a bid in
the last 5 minutes of closing of the E-auction and if that bid gets accepted, then the auction’s
duration shall get extended automatically by the system for another 5 minutes, for the entire
auction (i.e. for all the items in the auction), from the time that bid comes in. Please note that
the auto-extension will take place only if a bid comes in those last 5 minutes and if that
bid is valid bid in terms of e-auction notice published and this Tender document. If such
valid bid is not received in the said last 5 minutes, the auto-extension will not take place and
the E-auction shall get closed automatically without any further extension and the last highest
bid received would be treated as the successful bid and auction would be treated as concluded
subject to acceptance and approval of the Bid by the Authorised Officer. Necessary
communication in this regard shall be sent in writing by the Authorised Officer to the
successful Bidder. It is suggested that the bidders do not wait till the last minutes to enter their
bid during the auto-extension period to avoid complications related with internet connectivity,
network problems, system crash down, power failure etc. 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/- (Rupees Twenty Five Thousand Only) Increase in bid amount
below the said amount 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.
21 AO reserves the right to retain the EMD of top three bids upto three months from the date of e
-auction and the amount of EMD will not carry any interest. The Bids so retained will be
valid for two 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.
22 The EMD shall be forfeited, if the party, whose offer/bid is finally accepted, defaults in
making the balance payment in terms of the conditions of sale & completing other sale
formalities within the due date. If, however, the sale is completed within the specified time
limit, the EMD shall be adjusted towards final sale price. The EMD will not, however, carry
any interest. Late bids i.e. bids received after the specified date & time of receipt and bids not
accompanied by the EMD should not be considered.
23 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
(Inclusive of the amount of EMD) immediately on the same day or not later than next
11
working day by crossed A/c Payee Demand Draft/Pay Order drawn in favour of " IDBI Bank
" payable at Hosur issued by Nationalized Bank/ Scheduled Bank or by way of RTGS
amount in favour of IDBI Bank Limited, Account No. 21337000010052, IFSC Code:
IBKL0000213, Branch: IDBI Bank Ltd, No.15, Second Cross, Kamaraj colony, Hosur,
Krishnagiri Distirct, Tamilnadu, PIN-635109
The balance 75% of the sale price on or before 15th day of confirmation of sale or such
extended period as may be agreed upon in writing between the successful bidder and the AO,
in any case not exceeding three months sale by way of crossed A/c Payee Demand Draft/Pay
Order drawn in favour of " IDBI Bank Ltd” payable at Hosur issued by Nationalized
Bank/ Scheduled Bank or by way of RTGS amount in favour of IDBI Bank Limited,
Account No. 21337000010052, IFSC Code: IBKL0000213, Branch: IDBI Bank Ltd, No.15,
Second Cross, Kamaraj colony, Hosur, Krishnagiri Distirct, Tamilnadu, PIN-635109
24 In case of default in payment by the successful bidder within the stipulated time the sale will
be cancelled and, the amount already deposited by the offerer shall be liable to be forfeited and
the defaulting purchaser shall have no claim/right in respect of property/amount.
25 The defaulting successful bidder’s claims to the assets or to any part of the sum for which it
may be subsequently sold shall stand forfeited.
26 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 assets to the second/third highest
bidder in the above manner, who shall also be treated as the successful bidder mentioned in
clauses 15 to 22 above and further in terms of this Bid Document.
27 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 property in
favour of the purchaser as per the format provided in the Security Interest (Enforcement)
Rules, 2002.
28 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 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.
29 The purchaser will be required to bear all the necessary expenses like stamp duty, registration
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.
30 The EMD received from unsuccessful bidders will be refunded to them, without any interest,
12
promptly.
31 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.
32 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.
33 General Terms and Conditions
The AO shall be at liberty to amend/modify/delete/drop any of the above terms and conditions
as may be deemed necessary in the light of the facts and circumstances.
34 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.
35 The AO reserves the right and liberty to accept/reject any or all the Bids/Offers and also
reserves the right to postpone/ 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.
36 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.
37 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.
38 Offers received for sale and / or accepted are not transferable.
39 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.
40 All bidders shall be deemed to have read and understood the terms and conditions of sale and
be bound by them.
41 Notwithstanding anything stated elsewhere in this Tender Document, the AO reserves the right
to call off the sale process at any point of time without assigning any reasons.
42 Particulars specified in the schedule above have been stated to the best of the knowledge &
information of the AO/Bank. AO/Bank shall not be answerable for any error, Misstatement or
omission of this public notice.
43 The sale is subject to confirmation by the Bank. If the borrower/guarantor pays the amount due
to the Bank in full before date of sale, no sale will be conducted
44 Jurisdiction All disputes arising amongst the parties shall be adjudicated according to Indian
Law and the Courts in Indore shall have the exclusive jurisdiction to entertain /adjudicate such
disputes.
13
V. BRIEF DETAILS OF TENDER/OFFER DOCUMENT
TENDER/OFFER FORM FOR PURCHASE OF SECURED ASSETS OF
M/s. Sri Maruthi Dairy Products Pvt Ltd (Borrower)
&
Shri. K.Nagarajan (Mortgagor)
Brief Description of Property:
Item No.1 : In the Name of M/s. Sri Maruthi Dairy Products Pvt Ltd as per the Sale deed
No. 3795/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.20 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.57 out of this an extent of Acre.
0.80 Cents. Altogether Two Survey Nos. Making a total extent of Acre. 1.00 with the following
boundaries : East : Survey No. 595 land belongs to S. Muniyappa Vagaira's, West : Survey No.
592/1 land belongs to Rajappa, North : Remaining land in the same Survey Number belongs to
the Vendors & Road, South : Survey No. 594, land belongs to K. Sonnappa. Within these
boundaries the above said land measuring an extent of 1.00 Acre.
Item No.2 : In the Name of Shri. K. Nagarajan, S/o. Shri. Krishnappa. As per the Sale deed
No. 4624/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.38 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.87 out of this an extent of Acre.
0.85 Cents Altogether Two Survey Nos. Making a total extent of Acre. 1.23 with the following
boundaries: East : Land belongs to S. Muniyappa (Vendors ) Vagaira's, West : Survey No. 592/1,
North : Road, South : Land belongs to K. Nagarajan. Within these boundaries the above said
land measuring an extent of 1.23 Acre.
Item No.3 : Plant & Machinery of M/s. Sri Maruthi Dairy Products Pvt Ltd :
All the Plant and machinery available in the premises related to Dairy product manufacturing,
etc.
1 Issue of
Bid/Offer
Document
: The Tender Document along with Offer Form is on sale from June
26, 2018 to July 09, 2018 on any working day (except Saturday)
between 11.00 am to 4.00 pm and can be obtained from Shri
V.Praveen Kumar, AGM, IDBI Bank Ltd, No.15, Second Cross,
Kamaraj colony, Hosur, Krishnagiri Distirct, Tamilnadu, PIN-
635109 on payment of non refundable fees of Rs.1000/- (Rupees
One Thousand Only) by a crossed A/c Payee Demand Draft/ Pay
order drawn in favour of “IDBI Bank Ltd” payable at Hosur issued
by Nationalized Bank/ Scheduled Bank.
The bid document can also be downloaded from IDBI website
www.idbi.com. Those bidders preferring to download the Bid
14
Document shall have to furnish the non refundable fee of Rs.1000/-
as mentioned above, at the time of submission of the bid along with
EMD.
2 Cost of the
Tender/Offer
Document
: Rs 1000/- (Rupees One Thousand Only).
3 Last Date and
time for
submission of
Tender
Document
together with
EMD
: July 09, 2018 up to 4:00 pm
4 Place, Date
and time of E-
Auction
: Place: e-auction platform at website:
https://idbi.auctiontiger.net Date : July 11, 2018, 2018
E-Auction Time
11:am to 12.00 noon
15
Form No.
VI. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER- INDIVIDUAL
Brief Description of Property:
Item No.1 : In the Name of M/s. Sri Maruthi Dairy Products Pvt Ltd as per the Sale deed
No. 3795/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.20 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.57 out of this an extent of Acre.
0.80 Cents. Altogether Two Survey Nos. Making a total extent of Acre. 1.00 with the following
boundaries : East : Survey No. 595 land belongs to S. Muniyappa Vagaira's, West : Survey No.
592/1 land belongs to Rajappa, North : Remaining land in the same Survey Number belongs to
the Vendors & Road, South : Survey No. 594, land belongs to K. Sonnappa. Within these
boundaries the above said land measuring an extent of 1.00 Acre.
Item No.2 : In the Name of Shri. K. Nagarajan, S/o. Shri. Krishnappa. As per the Sale deed
No. 4624/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.38 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.87 out of this an extent of Acre.
0.85 Cents Altogether Two Survey Nos. Making a total extent of Acre. 1.23 with the following
boundaries: East : Land belongs to S. Muniyappa (Vendors ) Vagaira's, West : Survey No. 592/1,
North : Road, South : Land belongs to K. Nagarajan. Within these boundaries the above said
land measuring an extent of 1.23 Acre.
Item No.3 : Plant & Machinery of M/s. Sri Maruthi Dairy Products Pvt Ltd :
All the Plant and machinery available in the premises related to Dairy product manufacturing,
etc.
(To be filled and submitted by the Bidder/Offerer)
1
Full Name of the Bidder/Offerer (in Block
letters)
:
b) Complete Postal Address with PIN
Code, Telephone Nos.; Fax Nos.; Website,
etc.
:
c) Mobile Nos
d) E-mail ID
2 Brief particulars of business (if any) :
3 Relationship, if any, the Bidder/Offerer :
16
has with any employee of IDBI Bank Ltd.
4 Name and particulars of the
Company/Firm/Person in whose name the
Secured Assets/property are to be
purchased
:
5 Details of Purchase of Tender Document
of Rs.100/
i) Form No.
ii) Demand Draft No. / Pay Order No.
iii) Date of Demand Draft / Pay Order
Name of the issuing Bank and Branch
6 Details of Earnest Money Deposit (EMD)
of Rs……………..
:
(i) Demand Draft No /Pay Order No. :
(ii) Date of Demand Draft / Pay Order
:
(iii) Name of the issuing Bank and Branch
:
Bidders, who prefer to submit the EMD by way of RTGS, must indicate RTGS UTR
No., Amount remitted and date.
RTGS UTR NO.
Amount remitted
Date
7 Income Tax Permanent Account
Number(s) (PAN) of Bidder /Offerer
:
* 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 duly authorized official of the Bidder/Offerer
Name and Designation of the Authorised Signatory
Place:
Date:
17
Form No.
VII. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER COMPANY/
PARTNERSHIP/ PROPRIETORSHIP
Brief Description of Property:
Item No.1 : In the Name of M/s. Sri Maruthi Dairy Products Pvt Ltd as per the Sale deed
No. 3795/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.20 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.57 out of this an extent of Acre.
0.80 Cents. Altogether Two Survey Nos. Making a total extent of Acre. 1.00 with the following
boundaries : East : Survey No. 595 land belongs to S. Muniyappa Vagaira's, West : Survey No.
592/1 land belongs to Rajappa, North : Remaining land in the same Survey Number belongs to
the Vendors & Road, South : Survey No. 594, land belongs to K. Sonnappa. Within these
boundaries the above said land measuring an extent of 1.00 Acre.
Item No.2 : In the Name of Shri. K. Nagarajan, S/o. Shri. Krishnappa. As per the Sale deed
No. 4624/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.38 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.87 out of this an extent of Acre.
0.85 Cents Altogether Two Survey Nos. Making a total extent of Acre. 1.23 with the following
boundaries: East : Land belongs to S. Muniyappa (Vendors ) Vagaira's, West : Survey No. 592/1,
North : Road, South : Land belongs to K. Nagarajan. Within these boundaries the above said
land measuring an extent of 1.23 Acre.
Item No.3 : Plant & Machinery of M/s. Sri Maruthi Dairy Products Pvt Ltd:
All the Plant and machinery available in the premises related to Dairy product manufacturing,
etc.
(To be filled and submitted by the Bidder/Offerer)
1
Name of the Company/ Firm/ Party (in
Block letters)
b) Complete Registered Address
c) Complete Correspondence Address with
18
PIN Code, Telephone Nos.; Fax Nos.;
Website, etc.
2. Date of Incorporation
3. Constitution (Private/Public/Joint)
4. Name of Chairman
5. Name of Managing Director / Partners
6. Board of Directors a)
b)
c)
d)
e)
f)
7. Income tax PAN No. (attested copy of
PAN card of the 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 the Authorised Person to
carry out e- auction on behalf of the
company/firm /party (in Block letters)
(Original Authorised letter to be
attached to carry out the e-auction
process)
b) Complete Postal Address of the
Authorise person with PIN Code,
Telephone Nos.; Fax Nos.; Website, etc.
c) Mobile Nos.
d) E-mail ID
10 Designation of the Authorised Person :
11 Relationship, if any, the Bidder/Offerer
has with any employee of IDBI Bank Ltd.
:
12 Details of Purchase of Tender Document
of Rs.100/-
i) Form No.
ii) Demand Draft No. / Pay Order No.
iii) Date of Demand Draft / Pay Order
iv) Name of the issuing Bank and Branch
13 Details of Earnest Money Deposit (EMD)
of Rs……………lakh.
:
i) Demand Draft No. / Pay Order No. :
ii) Date of Demand Draft / Pay Order :
19
* 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:
Name of the Authorised Person:
Designation:
Company Seal
All authorizations should be annexed to this form.
***
iiii) Name of the issuing Bank and Branch :
Bidders, who prefer to submit the EMD by way of RTGS, must indicate RTGS
UTR No., Amount remitted and date.
RTGS UTR NO.
Amount remitted
Date
14 Income Tax Permanent Account
Number(s) (PAN) of the Authorised
person.
20
VIII. FORM OF APPENDIX TO THE BID/OFFER
(DECLARATION BY THE BIDDER)
(ON STAMP PAPER OF RS.500/-)
FORM OF BID/OFFER
(Note: This Appendix forms part of the Bid/Offer)
Shri. Gopalakrishnan Veeraraghavan,
Authorised Officer,
IDBI Bank Ltd.,
No.15, Second Cross,
Kamaraj colony,
Hosur, Krishnagiri Distirct,
Tamilnadu, PIN-635109
Sir
Sale of Secured Assets / Property Owned By
M/s SRI MARUTHI DAIRY PRODUCTS PVT LTD
(Borrower)
&
SHRI. K. NAGARAJAN
(Mortgagor – Guarantor)
Brief Description of Property:
Item No.1 : In the Name of M/s. Sri Maruthi Dairy Products Pvt Ltdas per the Sale deed
No. 3795/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.20 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.57 out of this an extent of Acre.
0.80 Cents. Altogether Two Survey Nos. Making a total extent of Acre. 1.00 with the following
boundaries : East : Survey No. 595 land belongs to S. Muniyappa Vagaira's, West : Survey No.
592/1 land belongs to Rajappa, North : Remaining land in the same Survey Number belongs to
the Vendors & Road, South : Survey No. 594, land belongs to K. Sonnappa. Within these
boundaries the above said land measuring an extent of 1.00 Acre.
Item No.2 : In the Name of Shri. K. Nagarajan, S/o. Shri. Krishnappa. As per the Sale deed
No. 4624/2009
All that piece and parcel of land comprised in Mugalur Village of Hosur Taluk, Krishnagiri
District attached to the Registration District of Krishnagiri and Sub Registration District of
Denkanikottai, (1) Sy. No. 592/2, Dry Ext. Hec. 0.23.5, Asst. Rs. 0.25 out of this extent of Acre.
0.38 Cents. (2) Sy. No. 595, Dry Ext. Hec. 0.79.5, Asst. Rs. 0.87 out of this an extent of Acre.
21
0.85 Cents Altogether Two Survey Nos. Making a total extent of Acre. 1.23 with the following
boundaries: East : Land belongs to S. Muniyappa (Vendors ) Vagaira's, West : Survey No. 592/1,
North : Road, South : Land belongs to K. Nagarajan. Within these boundaries the above said
land measuring an extent of 1.23 Acre.
Item No.3 : Plant & Machinery of M/s. Sri Maruthi Dairy Products Pvt Ltd:
All the Plant and machinery available in the premises related to Dairy product manufacturing,
etc.
1 Having fully examined and understood the terms and conditions of the Tender 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 Tender/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 Tender/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. 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. 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 her sole and absolute discretion, , in
any case not later than three months, I/we shall arrange to take possession of the secured assets
within a maximum of 30 days. 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.
3 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 M/s Sri Maruthi
Dairy Products Pvt Ltd and Shri. K.Nagarajan mortgagor/guarantor in M/s Sri Maruthi
Dairy Products Pvt Ltd Guarantors 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 me/us in case
my/our Bid/offer is accepted.
4 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 treaty.
5 I/We understand that time is the essence for completing the acquisition formalities of the
Secured Assets/property and I/we agree and undertake to abide by it.
22
6 I/We also enclose a Demand Draft/Pay Order of value Rs………………
(Rs…………………………………………. only) towards Earnest Money Deposit (EMD) in
the name of "IDBI Bank Ltd" payable at Hosur or made a payment of Earnest Money Deposit
by way of RTGS on …………………… in A/c No. 21337000010052, IFSC Code:
IBKL0000213, Branch : No.15, Second Cross, Kamaraj colony, Hosur, Krishnagiri Distirct,
Tamilnadu, PIN-635109 and URN of RTGS Transaction is ………………………...
7 We understand that the 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 Tender/Offer document can be summarily rejected.
Place:
Dated:
Signature ...........………………………. in the capacity of................................
duly authorised to sign Bid/Offer for and on behalf of ........................................
(Name and address of the Bidder/Offerer)
(IN BLOCK CAPITALS)
WITNESS:
Signature: .............................
Name & Address: ....................................
Occupation: ..........................