The Authorized Officer (AO)

Transcription

1 The Authorized Officer (AO) of IDBI BANK LIMITED Specialised Corporate Branch No.7, Chevalier Sivaji Ganesan Salai (South Boag road), T Nagar, Chennai TENDER DOCUMENT for Sale of Assets Land & Building situated at Adyar Plot No.6, T.S No.22, Block No.8 (Old Sy. No.26/3-part), Village No.117, Pallipattu Village owned by Shri.V.Bhuvaragavan (Mortgagor -Guarantor) & Vacant Land admeasuring 1.67 Acres situated at Old S.F No.400/1 & 382/10, New S.F No.382/9 & 400/1, Minjur Village (Tamil Nadu) owned by Smt.Kamalammal (Mortgagor -Guarantor) & Land and Building situated at Plot No.100 in S.F No.1468/9A, admeasuring 2160 sq ft, Anna Nagar, Sriperumbudur Village (Tamil Nadu) owned by M/s Mukesh Infoserve Private Limited. {Borrower, having its registered office at No.4, Venkatarathnam Nagar Extension, 1st Street, Adyar, Chennai } Sale of mortgaged properties under the provisions of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and The Security Interest (Enforcement) Rules, 2002

2 IDBI BANK LIMITED MCG-South Boag Road, Chennai M/s.MUKESH INFOSERVE PVT. LTD. TENDER DOCUMENTS CONTENTS Sr.No Particulars Page No. I Public Notice for Sale published in the newspapers 3-4 II Brief Description of secured assets 5 III Outstanding dues of Secured Lenders 6 IV Terms & Conditions 7-11 V Brief details of Bid/Offer document 12 VI Form of Profile of the Bidder VII Form of Appendix to the Bid/Offer (declaration by the Bidder)

3 CIN: L65190MH2004GOI Mukesh Infoserve Pvt. Ltd. IDBI Bank Ltd. Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai PUBLIC NOTICE SALE OF IMMOVABLE PROPERTIES ( SECURED ASSETS ) IN CONNECTION WITH M/s. Mukesh Infoserve Private Limited (the Borrower) The undersigned being the Authorized Officer (AO) of the IDBI Bank Ltd. (IDBI) invites Bids/Offers in sealed covers 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 February 8, Brief Description of Property: All that piece and parcel of the immovable property at Adyar admeasuring in aggregate 2706 Sq.ft at Plot No.6, T.S No.22, Block No.8 (Old Sy. No.26/3-part), Village No.117, Pallipattu Village in Corporation of Chennai Division No.100 in the City of Chennai (Adyar) situated in the Registration Sub-District of Saidapet and Registration District of Chennai, State Tamil Nadu in the name of Shri.V.Bhuvaragavan. All that piece and parcel of vacant land admeasuring 1.67 Acres situated at Old S.F No.400/1 & 382/10, New S.F No.382/9 & 400/1 Minjur Village within the jurisdiction of Ponneri Taluk, Thiruvallur District, State Tamil Nadu in the name of Smt Kamalammal. All that piece and parcel of land admeasuring 2160 Sq. Ft, commercial building situated at Plot No.100 in S.F No.1468/9A, Anna Nagar, Sriperumbudur Village within the jurisdiction of Sriperubudur Taluk, Kancheepuram District, State Tamil Nadu in the name of M/s Mukesh Infoserve Private Limited. 2 The dues of IDBI Bank Ltd. outstanding as on stand at `15,85,43, (Rupees Fifteen crore eighty five lakh forty three thousand six hundred ninety five and paise forty six only) plus interest thereon w.e.f Location of Property Adyar Minjur Village Sriperumbudur Reserve Price (RP) Rs lakh Rs lakh Rs lakh EMD (10% of RP) Rs lakh Rs lakh Rs.4.00 lakh Date of Inspection (10 am to 1 pm) (2.30 pm to 5.30 pm) (10 am to 1 pm) Last Date of Submission of Sealed Bids till 4 pm. Date of opening of bids at IDBI Bank Ltd,No.7 South Boag Road, T.Nagar, Chennai at 2.30 pm at 3.30 pm at 4.30 pm 3

4 4 Mukesh Infoserve Pvt. Ltd. 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 Creditors viz.: IDBI Bank Ltd having outstanding dues of about Rs.15,85,43, together with further interest thereon with effect from October 17, The aforesaid property shall not be sold below the reserve price mentioned above. 3. The sale shall take place on the expiry of 30 days from the date of publication of this notice. 4. The Earnest Money Deposit (EMD) will not carry interest. AO may retain EMD of top three bidders upto 3 months from the date of opening of the bids. 5. The AO may permit inter-se bidding among the top three bidders. 6. 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. 7. AO reserves the right to accept or reject any or all bids without assigning any reason(s). In case all the bids are rejected, the AO reserves the right to sell the assets by any of the modes as prescribed in the SARFAESI Act. 8. The Secured Assets mentioned in the Bid Document are based on the charges/mortgages created by the Borrower in favour of Secured Creditors, the details whereof are given in the bid document. Interested parties are requested to verify the details of the Secured Assets and inspect the records relating to mortgaged assets available with AO on request. 9. Secured creditors do not take responsibility for any 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. 10. The Secured Assets are being sold free from charges and encumbrances of Secured Creditors only. 11. The successful bidder would be required to bear all the necessary expenses like stamp duty, registration, expenses, tax liabilities, if any etc for transfer of secured asset. 12. The Bid Document can be obtained from Shri Nagabhushanam T, Authorised Officer, IDBI Bank Ltd., Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai , (Tel) , (Fax) , ( ) nagabhushanam.t@idbi.co.in free of charge and can also be downloaded from Announcements Notices & Tenders 13. Interested parties may contact undersigned on: Tel) , (Fax) , ( ) nagabhushanam.t@idbi.co.in. STATUTORY 30 DAYS NOTICE UNDER RULE 6(2), 8(6) & 9(1) OF THE SARFAESI ACT The borrower/guarantors are hereby notified to pay the sum as mentioned above along with upto date interest and ancillary expenses before auction, failing which the property will be auctioned/sold and balance dues if any will be recovered with interest and cost. Place: Chennai Date: April 20, 2017 Sd/- Authorised Officer 4

5 II. Brief Description of secured assets: A. Property owned by Shri V.Bhuvaragavan All that piece and parcel of the immovable property at Adyar admeasuring in aggregate 2706 Sq.ft at Plot No.6, T.S No.22, Block No.8 (Old Sy. No.26/3- part), Village No.117, Pallipattu Village in Corporation of Chennai Division No.100 in the City of Chennai situated in the Registration Sub-District of Saidapet and Registration District of Chennai, State Tamil Nadu and which is bounded on the: East by : Plot No.5 of the Layout South by : Boundary of Kallikundram Village North by : Road Connecting to Cana bank Road West by : Plot No.7 of the Layout Together with all buildings and structures attached to the earth or permanently fastened to anything attached to the earth. B. Property owned by Smt. Kamalammal All that piece and parcel of vacant land admeasuring 1.67 Acres situated at Old S.F No.400/1 & 382/10, New S.F No.382/9 & 400/1, Minjur Village within the jurisdiction of Ponneri Taluk, Thiruvallur District, State Tamil Nadu and is bounded on the: North by : Private land & Railway Track South by : Private Land East by : Private Land West by : Vijay Nagar- Newly formed Layout C. Property owned by M/s. Mukesh Infoserve Private Limited All that piece and parcel of Land and Building admeasuring 2160 Sq. Ft situated at Plot No.100 in S.F No.1468/9A, Anna Nagar, Sriperumbudur Village within the jurisdiction of Sriperubudur Taluk, Kancheepuram District, State Tamil Nadu and is bounded on the: East by : 30 Feet Road South by : Plot No.99 North by : Plot No.101 West by : Plot No.90 Together with all buildings and structures thereon and all the plant and machinery attached to the earth or permanently fastened to anything attached to the earth. 5

6 III. Outstanding dues of Secured Creditors as on date of SARFAESI notice Financial Assistance Principal Interest Penal Interest Total Cash Credit 15,17,71, ,71, Nil 15,85,43, Total 15,17,71, ,71, Nil 15,85,43, Together with further interest with effect from October 17,

7 IV. TERMS & CONDITIONS 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 II-A, B & C of the Tender Document (hereinafter referred to as the 'Secured Assets') and the same are being sold free from charges and encumbrances of the secured lenders. 2 Issue of Tender/ Offer / Bid Document The Tender Document along with Offer Form is available from to on any working day till 4.00 pm and can be obtained from Manager, IDBI Bank Ltd., Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai The bid document can also be downloaded from IDBI website Reserve Price and EMD The Reserve Price for the sale of the property is Rs. 330 lakh (Rupees Three Crore thirty lakh only) for Adyar property, Rs. 100 lakh (Rupees One Crore only) for Minjur property and Rs. 40 lakh (Rupees Forty lakh only) for Sriperumbudur property. The EMD (Earnest Money Deposit) has been fixed at Rs. 33 lakh (Rupees Thirty three lakh only) for Adyar property, Rs. 10 lakh (Rupees Ten lakh only) for Minjur property and Rs. 4 lakh (Rupees Four lakh only) for Sriperumbudur property. 4 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 movable/immovable assets or for procuring any permissions, 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 does 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 Shri.V.Bhuvaragavan/ Smt.Kamalammal/ M/s. Mukesh Infoserve Private Limited 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, at their own cost and expense, inspect the property with prior appointment on (between 10 am to 1 pm) for Sriperumbudur 7

8 property, on (between 2.30 pm to 5.30 pm) for Minjur property and on (between 10 am to 1 pm) for Adyar property when a representative of the Authorised Officer/ Recovery Agent would be available at the property 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 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. 8 The Bidder shall not be entitled to receive re-imbursement of any expenses which may have been incurred in preparation of the Bid/Offer for submission and/or for carrying out due diligence, search of titles to the assets and matters incidental thereto or for any other purpose in connection with purchase of the assets under reference. 9 Submission of 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 bidder is given in Chapter VI of this Tender Documents. Bids can be submitted in sealed envelops along with required documents. 10 The Tender/Offer shall be signed by a person or persons duly authorized by the Bidder with the signature duly attested 11 The Tender/Offer shall contain the full address, Telephone No., Fax No., - ID, if any, of the Bidder for serving notices required to be given to the Bidder in connection with the Offer. 12 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. 8

9 13 Last date for submission of Bid Document The interested parties may submit Bid Document duly filled and signed along with the required documents to the Authorised Officer in sealed covers at IDBI Bank Ltd., Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai on any working day but not later than at p.m. on May 20, 2017, along with Demand Draft/Pay Order of with minimum EMD amount The sealed cover should superscribed Bid Document Mukesh Infoserve Private Limited and Name and Phone number of Bidder to be mentioned on left hand side. Remittance of EMD by way of RTGS Bidders who prefers to submit the EMD by way RTGS, may remit the EMD amount in favour of IDBI Bank Limited, Account No , IFSC Code: IBKL , Branch : Specialised Corporate Branch, Chennai not later than at 4 pm on May 20, Only those bidders will be permitted to participate in the auction whose Bid Document is complete in every respect and whose Demand Draft/Pay Order for EMD is found to be in order and /or remittance by way of RTGS proceeds is credited into the account indicated well before the cut-off time. Bank does not take any responsibility and will not entertain any complaint for any delay in transfer of funds by way of electronic mode. Form of Bid, if found incomplete in any respect, shall be liable for outright rejection. Bidders, whose forms are found to be in order together with the EMD / Cost of Tender Document submitted by them, will be intimated by and through mobile. 15 Date and Time of auction ( Interse Bidding) Date : May 20, Time: from 2.30 PM, 3.30PM, 4.30PM onwards IST- with unlimited extension of time for Adyar, Minjur and Sriperumbudur Properties Respectively. The auction will be conducted only through manual mode, starting with the available highest quote among the bidders, where the participants can improve the quotes. The inter-se bidding will be with unlimited extension time. The highest bidder in the auction immediately on closure of auction process should submit/send the final price quoted by him by fax message to the Authorised Officer, IDBI Bank Ltd, Specialized Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai Ph: for getting declared as the highest bidder in the auction. Increase in Bid Amount : It may be noted that increase in bid amount, if any, during the auction period shall be made as under. In multiples of Rs.10,000/- (Rupees Ten Thousand Only) Increase in bid amount below the said Rs.10,000/- will be rejected. First bid should be of at least equal to Reserve Price or available highest quote among the bidders where the participants can improve the quotes. 9

10 16 In case of default in payment at any stage by the successful bidder/ auction purchaser within the stipulated time the sale will be cancelled and the amount already paid will be forfeited and Authorised Officer reserves the right to resell the property to the second/third highest bidder in the above manner, which shall be treated as if he/she were the only successful bidder or to conduct the auction again. AO reserves the right to retain the EMD of top three bids upto 3 month from the date of auction and the amount of EMD will not carry any interest, for the purpose of considering subsequent successful bidder. The Bids so retained will be valid for one month from the date of 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 auction. 17 Payment of Sale Price The successful bidder would be informed in writing about the acceptance of their bid/offer by the AO and the highest successful bidder, on the offer / Bid being accepted by the Authorised Officer shall be required to deposit before 4 pm on succeeding working day of the auction sale, or within such time as may be agreed to by the Authorised Officer in writing, minimum 25% of the sale price (including EMD) by RTGS/NEFT/Funds Transfer to the credit of the A/c No with IDBI Bank Ltd., Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai , with IFSC Code IBKL OR by A/c Payee Demand Draft/Pay Order drawn in favour of " IDBI Bank Ltd." issued by any Nationalised Bank/Scheduled Bank and payable at Chennai. The balance amount of the sale price would have to be paid in similar manner within 15 (fifteen) days of the date of letter intimating acceptance of his/her bid or within such time as may be agreed to by the Authorised Officer in writing. The extension of time for making payment payments shall be at the sole discretion of the Authorised Officer. The successful bidder shall bear the charges payable for conveyance registration fee, stamp duty etc as applicable. 18 In case the successful bidder fails to deposit 25% of the sale price, the AO shall forfeit the EMD and if the successful bidder backs out after paying 25% of the sale price, then AO shall forfeit the 25% of the sale consideration so deposited including the EMD. 19 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. 20 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 9 to 16 above and further in terms of this Bid Document. 21 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 10

11 Interest (Enforcement) Rules, Mukesh Infoserve Pvt. Ltd. 22 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 23 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. 24 The submission of the Bid means and implies that the Bidder has unconditionally and irrevocably agreed to and accepted all the above terms and conditions of the Bid/Offer laid down herein 25 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 11

12 V. BRIEF DETAILS OF BID/OFFER DOCUMENT TENDER/OFFER FORM FOR PURCHASE OF SECURED ASSETS/ PROPERTY OF SHRI V BHUVARAGAVAN/ SMT KAMALAMMAL/ M/s. MUKESH INFOSERVE PRIVATE LIMITED. 1 Issue of Bid/Offer Document 2 Cost of the Tender/Offer Document 3 Last Date and time for submission of Tender Document together with EMD 4 Place, Date and time of Auction 5 Mode of submitting Bid Amount and participating inter-se bidding The Tender Document along with Offer Form is available from April 20, 2017 to May 20, 2017 on any working day till 4.00 pm and can be obtained from Manager, IDBI Bank Ltd., Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai The bid document can also be downloaded from IDBI website- Announcements Notices & Tenders Free of Cost May 20, 2017 up to 4.00 p.m. IDBI Bank Ltd., Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai Place: IDBI Bank Ltd., Specialised Corporate Branch, No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai Date : May 22, 2017 Time : From 2.30 PM onwards Manual 12

13 VI. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER For purchase of Properties owned by Shri V Bhuvaragavan/ Smt. Kamalammal / M/s.Mukesh Infoserve Pvt Ltd: 1. All that piece and parcel of the immovable property at Adyar admeasuring in aggregate 2706 Sq.ft at Plot No.6, T.S No.22, Block No.8 (Old Sy. No.26/3- part), Village No.117, Pallipattu Village in Corporation of Chennai Division No.100 in the City of Chennai (Adyar) situated in the Registration Sub- District of Saidapet and Registration District of Chennai, State Tamil Nadu in the name of Shri.V.Bhuvaragavan. AND/OR 2. All that piece and parcel of land admeasuring 1.67 Acres situated at Old S.F No.400/1 & 382/10, New S.F No.382/9 & 400/1, Minjur Village within the jurisdiction of Ponneri Taluk, Thiruvallur District, State Tamil Nadu in the name of Smt Kamalammal. AND/OR 3. All that piece and parcel of land admeasuring 2160 Sq. Ft situated at Plot No.100 in S.F No.1468/9A, Anna Nagar, Sriperumbudur Village within the jurisdiction of Sriperubudur Taluk, Kancheepuram District, State Tamil Nadu in the name of M/s Mukesh Infoserve Private Limited. (To be filled and submitted by the Bidder/Offerer) 1. a) Full Name of the : bidder/offerer (in Block letters) b) Complete Postal Address : with PIN Code: Telephone Nos.; Fax Nos.; Mobile Nos.; id: 13

14 2. Brief particulars of business : 3. Relationship, if any, the : Bidder/Offerer has with any Employee of IDBI Bank Ltd. 4. 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 iv) UTR Number in case of : fund transfer vi) Amount remitted : v) Date of remittance : 5. Income Tax Permanent Account: Number of the bidder (self attested copy to be enclosed) 6. In case of Companies, the following details to be provided. A) Address of Registered Office : B) Date of incorporation C) Date of Board resolution regarding participation in auction : (copy of resolution to be enclosed) 14

15 I/We have read and understood the detailed terms and conditions of the sale/bid document and have also read, perused and understood all the relevant papers and have carried out my/our own due diligence. In case any information is found to be incorrect, I/We shall not hold the Authorised Officer and/or IDBI Bank Limited responsible for the same and shall not have any claim whatsoever against either of them. Place: Signature Name of the Bidder/Offerer or Name and Designation of the duly authorised official of the Bidder/Offerer Date: 15

16 VII. FORM OF APPENDIX TO THE PROFILE (DECLARATION BY THE BIDDER) (ON STAMP PAPER OF RS.100/-) FORM OF BID/OFFER (Note: This Appendix forms part of the Bid/Offer) To, Authorised Officer, IDBI Bank Ltd., Specialised Corporate Branch No.7, Chevalier Sivaji Ganesan Salai (South Boag Road), T Nagar, Chennai Sir, BID FORM FOR PURCHASE OF PROPERTIES; a. All that piece and parcel of the immovable property at Adyar admeasuring in aggregate 2706 Sq.ft at Plot No.6, T.S No.22, Block No.8 (Old Sy. No.26/3-part), Village No.117, Pallipattu Village in Corporation of Chennai Division No.100 in the City of Chennai (Adyar) situated in the Registration Sub-District of Saidapet and Registration District of Chennai, State Tamil Nadu in the name of Shri.V.Bhuvaragavan. AND/OR b. All that piece and parcel of land admeasuring 1.67 Acres situated at Old S.F No.400/1 & 382/10, New S.F No.382/9, Minjur Village within the jurisdiction of Ponneri Taluk, Thiruvallur District, State Tamil Nadu in the name of Smt Kamalammal. AND/OR c. All that piece and parcel of land admeasuring 2160 Sq. Ft situated at Plot No.100 in S.F No.1468/9A, Anna Nagar, Sriperumbudur Village within the jurisdiction of Sriperubudur Taluk, Kancheepuram District, State Tamil Nadu in the name of M/s. Mukesh Infoserve Private Limited. 16

17 1. I/We have 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. 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 their sole and absolute discretion, 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. 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 M/s. Mukesh Infoserve Private Limited and/or Smt.Kamalammal and/or Shri V Bhuvaragavan 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. 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 treaty. 17

18 7. 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. 8. 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.-A/c M/s. Mukesh Infoserve Private Limited." payable at Chennai. 9. I/We understand that the EMD will not carry any interest. 10. I/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 : Date : Signature, Name and Designation of the duly authorised official of the Bidder/Offerer 18