GOVERNMENT OF INDIA DEBT RECOVERY TRIBUNAL KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE FAX: / 326

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1 GOVERNMENT OF INDIA DEBT RECOVERY TRIBUNAL KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE FAX: / 326 SALE PROCLAMATION PROCLAMATION OF SALE UNDER RULE 38, 52 (2) OF SECOND SCHEDULE TO THE INCOME TAX ACT, 1961 READ WITH THE RECOVERY OF DEBTS DUE TO BANK AND FINANCIAL INSTITUTIONS ACT, 1993 FORM NO 22 Dated: R.C NO IDBI Bank Limited, NPA Management Group, No. 102, Shakthi Comfort Towers, K. H Road, Bangalore Applicant And Cranes Software International Limited & Others Respondents To, C.D No. 1, M/s Cranes Software International Limited, R.O. No. 29, 7 th Cross, 14 th Main, Vashanthnagar, Bangalore , represented by its Managing Director. 2. Shri Asif Khader, Flat No. CG-1, H.M. Gladiolus Apartment, No. 34, Aga Abbas Ali Road, Ulsoor, Bangalore Shri. Mukkaram Jan, G-1, No. 5, Cavalcade Apartments, Benson Town, Bangalore Shri Anwar Nawab (Mortgagor), C-702, Spartan Heights, Richmond Road, Bangalore Defendants The under mentioned property will be sold by online e-auction through website on for recovery of an amount of Rs. 27,25,38,957/- (Rupees Twenty Seven Crore Twenty Five Lakh Thirty Eight Thousand Nine Hundred Fifty Seven only) and costs and interest thereon up The further interest is chargeable at the same rate till realization of debt as per recovery certificate bearing RC No Date and Time of Auction between A.M to Noon with auto extension of 5 minutes i.e. the end time of e-auction will be extended by 5 minutes each time if bid is made within the last 5 minutes before closure of auction. Reserve price Rs. 9,00,00,000/- (Rupees Nine Crore only) Earnest money Deposit Rs. 90,00,000/- (Rupees Ninety Lakh only) Bid Increment Amount Rs. 1,00,000/- or in such multiples thereof for the property. Last date of for submission of Bid before 3.00 P.M. Account No. required for submitting EMD A/c no With Indian bank fvg- Recovery Officer-2, IFSC Code IDIB000C107 Schedule of Property Schedule A : All those piece and parcel of land bearing B.B.M.P. Municipal No. 43/43/46/88/3/1 (formerly bearing Municipal Nos. 43/43/46/88/3/1, 44/47/88/3/2 and 45/45/48/88/3/3 of Bommanahally C. M. C. and still earlier part of lands in Sy.No. 88/3 of Singasandra Village) situated at Singasandra Village, Bommanahally Sub Division, Bengaluru in the state of Karnataka admeasuring 23,220 sq.ft. and bounded on the East by :Bengaluru Hosur Road; West by : lands belonging to Pillapa; North by: lands belonging to Ramaiah Reddy; South by: lands belonging to Ramaiah Reddy. Schedule B : (1) All those piece and parcel of Site bearing No.8, House List No. 29, Khata no.295/b, presently part of B.B.M.P. Municipal No. 43/986/82/3/10 situated at Singasandra Village, Begur Hobli, Bengaluru South, coming under Bommanahalli Sub Division of B.B.M.P. admeasuring 4,500 sq.ft., (measuring East to West 90 feet and North to South 50 feet) and bounded on the East by : Road and property of M/s. Sameesha Technologies; West by: Private Property; North by :Property No. 9; South by :Road. (2) All those piece and parcel of Site bearing No. 9, House list No.72, Khata no.295/b presently part of B.B.M.P. Municipal No. 43/986/82/3/10 situated at Singasandra Village, Begur Hobli, Bengaluru South, coming under Bommanahalli Sub Division of B.B.M.P. admeasuring 4,500 sq.ft. (measuring East to West 90 feet and North to South 50 feet) and bounded on the East by : Road and property of M/s. Sameesha Technologies; West by : Private Property; North by : Property No.10;South by : Property No. 8. (3) All those piece and parcel of Site bearing No. 10, House list no:72, Khata no.295/b, then Khata No. 986, presently part of B.B.M.P. Municipal No. 43/986/82/3/10 situated at Singasandra Village, Begur Hobli, Bengaluru South, coming under Bommanahalli Sub Division of B.B.M.P. admeasuring 4,050 sq.ft. (measuring East to West 90 feet and North to South feet/2) and bounded on the East by : Road and property of M/s. Sameesha Technologies; West by : Private Property; North by : Private Property; South by :Property No. 9. Schedule C : (1) All those piece and parcel of vacant site being part of property presently bearing BBMP No.43/72/88/3/7 (Old Property No.29, H.L No.72 Khata No. 295/B) situated at Singasandra Village, Bommanahally Sub Division B.B.M.P. limits, Bengaluru, total admeasuring 2,950 sq.ft. (measuring East to West 59 feet and North to South 50 feet) and bounded on the East by : Private property; West by : Property of Smt. Muneera Begum; North by : Property No. 2; and South by : 25 feet. Road. (2) All those piece and parcel of vacant site being part of property presently bearing BBMP No.43/72/88/3/7 (Old Property No.29, H.L No.29 Khata No. 295/B) situated at Singasandra Village, Bommanahally Sub Division B.B.M.P. limits, Bengaluru, total admeasuring 2950 sq.ft. (measuring East to West 59 feet and North to South 50 feet) and bounded on the East by : Syed Akthar s property; West by : Private Property; North by : Property No. 2; and South by : 25 feet. Road, together with all buildings and structures thereon. For terms and condition of sale visit website: of C1India Pvt. Ltd., ( enquiry@c1india.com & nithesha.d@c1india.com). For further details contact : Smt. Jaya Neelakantan, Deputy General Manager, IDBI Bank Ltd., NPA Management Group, No. 102, Shakti Comfort Towers, K.H Road, Bangalore , Phone No Given under my hand and seal of this tribunal on Sd/- (M. RAMJI) Recovery officer - II

2 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICE (BANKING DIVISION) DEBT RECOVERY TRIBUNAL KARNATAKA Krishi Bhavan, Hudson Circle Nrupathunga Road, Bengaluru FORM - 22 REGD. A/D\DASTI\AFFIXATION\BEAT OF DRUM SALE PROCLAMATION IN THE DEBTS RECOVERY TRIBUNAL-I, BENGALURU OFFICE OF THE RECOVERY OFFICER BENGALURU DCP No in O. A NO. 416/2010 IDBI Bank Limited, K.H Road, Bengaluru And Cranes Software International Limited & Others...Applicant...Defendants To, 1. M/s. Cranes Software International Limited R.O. No. 29, 7 th Cross, 14 th Main, Vasanthnagar, Bengaluru 2. Shri Asif Khader S/o. Shri. Syed Abdul Khader, Prop. M/s. Cranes Software International Ltd. Flat No. CG-1, H.M. Gladiolus Apartment, No. 34, Aga Abbas Ali Road, Ulsoor, Bengaluru 3. Shri. Mukkaram Jan, S/o. Shri Azam Jan G-1, No. 5, Cavalcade Apartments, Benson Town, Bengaluru Shri Anwar Nawab (Mortgagor) S/o Mr. Justice A.K. Laxmeshwar Prop: M/s Sameesha Technologies, C-702, Spartan Heights Richmond Road, Bengaluru Defendants

3 Whereas you have failed to pay the sum of Rs. 27,25,38,957/- ( Rupees Twenty Seven Crore Twenty Five Lakh Thirty Eight Thousand Nine Hundred Fifty Seven only) along with interest at 16.50% per annum from with costs thereon payable by you/him in respect of Recovery Certificate in OA No. 416/2010 forwarded by the Presiding Officer, Debts Recovery Tribunal, Bengaluru and the interest and costs payable as per certificate. And whereas the undersigned has ordered the sale of property mentioned in the Schedule below in satisfaction of the said certificate. And whereas there will be due there under a sum 27,25,38,957/- (Rupees Twenty Seven Crore Twenty Five Lakh Thirty Eight Thousand Nine Hundred Fifty Seven only) including costs and interest thereon w.e.f Notice is hereby given that in absence of any order of postponement, the said property shall be sold on between a.m. to p.m. with auto extension of five minutes i.e. the end time of e-auction will be extended by 5 minutes each time if bid is made within the last five minutes before closure of auction by e-auction and bidding shall take place through On line Electronic Bidding through the website of M/s. C1India Pvt. Ltd., Gurgaon (Mr. D R Nithesha, contact No. (mob) , (tel) / , (Fax) Id: nithesha.d@c1india.com in Bengaluru. For further detail contact: Smt. Jaya Neelakantan, Deputy General Manager (Contact No: ) of IDBI Bank Limited, NPA Management Group, K H Road-Bengaluru. The sale will be of the property of the defendant above named as mentioned in the schedule below and the liabilities and claims attaching to the said property, so far as they have been ascertained, are those specified in the schedule against each lot. The property will be put up for the sale in the lots specified in the schedule. If the amount to be realized is satisfied by the sale of a portion of the property, the sale shall be immediately stopped with respect to the remainder. The sale also be stopped if, before

4 any lot is knocked down, the arrears mentioned in the said certificate, interest costs (including cost of the sale) are tendered to the officer conducting the sale or proof is given to his satisfaction that the amount of such certificate, interest and costs have been paid to the undersigned. No officer or other person, having any duty to perform in connection with sale, however, either directly or indirectly bid for, acquire or attempt to acquire any interest in the property sold. The sale shall be subject to the conditions prescribed in Second Schedule of the Income Tax Act, 1961 and the rules made there under and to the further following conditions. The particulars specified in the annexed schedule have been stated to the best of the information of the undersigned, but the undersigned shall not be answerable for any error, mis-statement or omission in this proclamation. 1. (a) The reserve price, below which the property (mentioned below) shall not be sold is Rs. 9,00,00,000/- (Rupees Nine crore only). 2. The amount by which the biddings are to be increased shall be Rs. 1,00,000/- In the event of any dispute arising as to the amount of bid, or as to the bidder, the lot shall at once be again put up to auction. 3. The highest bidder shall be declared to be the purchaser of any lot provided that further that the amount bid by him is not less than the reserve price. It shall be at the discretion of the undersigned to decline/accept the highest bid when the price offered appears so clearly inadequate as to make it inadvisable to do so. 4. EMD i.e. Rs. 90,00,000/- (Rupees Ninety lakh only) shall be deposited by prospective buyer/s Online through RTGS/NEFT/directly in to the account No in the name of Recovery Officer II, DRT, Bengaluru with Indian Bank, Cubbonpet Branch, Bengaluru IFSC Code No. IDIB000C107 on or before by 3.00 p.m. Or by way of DD/pay order in favour of Recovery Officer - II, DRT, Bengaluru to be deposited with

5 R.O., DRT, Bengaluru and details of the property along with copy of PAN card, Address proof and identity proof, ID, Mobile No. and in case of the company or any other document confirming representation/attorney of the company and the receipt/counter file of such deposit. EMD deposited thereafter shall not be considered for participation in the e-auction. 5. The successful bidder shall have to pay 25% of the sale proceeds after adjustment of EMD on being knocked down by next date i.e. By 3:00 P.M. in the said account as per detail mentioned in para 4 above. If the next day is Holiday or Sunday, then on next first office day. 6. The purchaser shall deposit the balance 75% of the sale proceeds on or before 15 th day from the date of sale of the property, exclusive of such day, or if the 15 th day be Sunday or other Holiday, then on the first office day after the 15 th day by prescribed mode as stated in para 4 above. In addition to the above the purchaser shall also deposit Poundage fee with Recovery Officer, DRT, upto Rs.1,000/- of the excess of the said amount of Rs.1,000/- through DD in favour of Registrar, DRT, A/c DCP: 6840, Bengaluru. 7. The prospective bidders are advised to peruse the copies of Title Deeds with the bank and verify the latest Encumbrance Certificate and other revenue / Municipal records to exercise due diligence and satisfy themselves on the title and encumbrances, if any, over the property. In case of default of payment within the prescribed period, the deposit, after defraying the expenses of the sale, may, if the undersigned thinks fit, shall be forfeited to the Government and the defaulting purchaser shall forfeit all claims to the property or to any part of the sum for which it may subsequently be sold. The property shall be resold, after the issue of fresh proclamation of sale. The property is being sold on AS IS WHERE IS BASIS. The undersigned reserves the right to accept or reject any or all bids if found unreasonable or postpone the auction at anytime without assigning any reason.

6 No. of lots Description of the property to be sold with the names of the co-owners where the property belongs to defaulter and any other person as co-owners. Schedule A All those piece and parcel of land bearing B.B.M.P. Municipal No. 43/43/46/88/3/1 (formerly bearing Municipal Nos. 43/43/46/88/3/1, 44/47/88/3/2 and 45/45/48/88/3/3 of Bommanahally C. M. C. and still earlier part of lands in Sy.No. 88/3 of Singasandra Village) situated at Singasandra Village, Bommanahally Sub Division, Bengaluru in the state of Karnataka admeasuring 23,220 sq.ft. and bounded as follows: East by : Bengaluru Hosur Road West by : lands belonging to Pillapa; North by : lands belonging to Ramaiah Reddy; and South by : lands belonging to Ramaiah Reddy Schedule - B All those piece and parcel of Site bearing No.8, House List No. 29, Khata no.295/b, presently part of B.B.M.P. Municipal No. 43/986/82/3/10 situated at Singasandra Village, Begur Hobli, Bengaluru South, coming under Bommanahalli Sub Division of B.B.M.P. admeasuring 4,500 sq.ft., measuring East to West 90 feet and North to South 50 feet) and bounded as follows: East by : Road and property of M/s. Sameesha Technologies; West by : Private Property; North by : Property No. 9; and South by : Road Revenue assessed upon the property or any part thereof Details of any other Encumbr ance which property is liable to NIL NIL NIL Claims, if any, which have been put forward to the property, and any other known particulars bearing on its nature and value

7 02. All those piece and parcel of Site bearing No. 9, House list No.72, Khata no.295/b presently part of B.B.M.P. Municipal No. 43/986/82/3/10 situated at Singasandra Village, Begur Hobli, Bengaluru South, coming under Bommanahalli Sub Division of B.B.M.P. admeasuring 4,500 sq.ft. (measuring East to West 90 feet and North to South 50 feet) and bounded as follows: East by : Road and property of M/s. Sameesha Technologies; West by : Private Property; North by : Property No.10; and South by : Property No All those piece and parcel of Site bearing No. 10, House list no:72, Khata no.295/b, then Khata No. 986, presently part of B.B.M.P. Municipal No. 43/986/82/3/10 situated at Singasandra Village, Begur Hobli, Bengaluru South, coming under Bommanahalli Sub Division of B.B.M.P. admeasuring 4,050 sq.ft. (measuring East to West 90 feet and North to South feet/2) and bounded as follows: East by : Road and property of M/s. Sameesha Technologies; West by : Private Property; North by : Private Property; and South by : Property No Schedule - C All those piece and parcel of vacant site being part of property presently bearing BBMP No.43/72/88/3/7 (Old Property No.29, H.L No.72 Khata No. 295/B) situated at Singasandra Village, Bommanahally Sub Division B.B.M.P. limits, Bengaluru, total admeasuring 2,950 sq.ft. (measuring East to West 59 feet and North to South 50 feet) and bounded as follows: East by : Private property; West by : Property of Smt. Muneera Begum; North by : Property No. 2; and South by : 25 feet. Road 02. All those piece and parcel of vacant site being part of property presently bearing BBMP No.43/72/88/3/7 (Old Property No.29, H.L No.29 Khata No. 295/B) situated at Singasandra Village, Bommanahally Sub Division B.B.M.P.

8 limits, Bengaluru, total admeasuring 2950 sq.ft. (measuring East to West 59 feet and North to South 50 feet) and bounded as follows: East by : Syed Akthar s property; West by : Private Property; North by : Property No. 2; and South by : 25 feet. Road together with all buildings and structures thereon. Given under my hand and seal on this 1 st Day of December Sd/- (M. RAMJI) Recovery Officer II DRT, Bengaluru