SALE NOTICE. IDBI Bank Ltd. Specialised Corporate Branch, Excellence, 4th floor, No.104, Race Course Road, Coimbatore x16(w) cms.

Transcription

1 IDBI Bank Ltd. Specialised Corporate Branch, Excellence, 4th floor, No.104, Race Course Road, Coimbatore SALE NOTICE E AUCTION SALE NOTICE - SALE OF IMMOVABLE PROPERTY ("SECURED ASSET") SITUATED AT TIRUPPUR CHARGED TO THE BANK UNDER THE SARFAESI ACT, 2002 IN CONNECTION WITH M/s.Balu Spinning Mills Private Limited (the Borrower) The undersigned being the Authorized Officer (AO) of the IDBI Bank Ltd. (IDBI) invites Bids/Offers for sale of immovable property of Smt. B. Rajalakshmi mortgaged with IDBI Bank Ltd for securing the financial assistance availed by M/s Balu Spinning Mills Private Ltd under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002, possession whereof has been taken by the AO, IDBI Bank Ltd on January 21, Brief Description of Properties: All that piece and parcel of the land measuring 0.58 acre in Survey No.72, 0.71 acre in Survey No. 73, 0.11 ½ acre in Survey no.76, 0.02 acre in Survey No. 61/2B, 0.38 ½ acre & /8 acre in Survey no.74 and 2 ¾ cents in Survey nos.1 & 75/2, total extent of /8 acres of land at Ward no.28, Kangeyam Road, Tirupur Village, Tirupur Taluk, Tirupur Joint II Sub Registration District State Tamil Nadu in the name of M/s Balu Spinning Mills Private Limited. Reserve Price : Rs.7,57,00,000/- EMD : Rs.75,70,000/- The dues of IDBI Bank Ltd. outstanding as on stand at Rs.5,88,47,892/- plus interest thereon w.e.f Date of Inspection : (11 am to 4 pm) Last Date of Submission of Bids along with EMD and KYC Documents : till 3.00 pm. Date and Time of E-Auction : from am to 12 noon. Important Notes : 1. This notice is for general public and also may be treated as formal notice to Borrower(s)/Mortgagor(s) under Rule 8(5) and (6) for immovable assets under Security interest (Enforcement) Rule This notice is also being published in vernacular. The English version shall be final in the event of any ambiguities/ interpretation. Terms & conditions of Auction : 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.5,88,47,892/- (Rupees Five Crores eighty eight lakhs forty seven thousand eight hundred and ninety two only) together with further interest thereon with effect from October 21, The sale would be on e-auction platform at website of e-auction service provider M/s E-Procurement Technologies Ltd and shall take place on from 11 am to 12 noon with unlimited extensions of 5 minutes each. 3. The secured asset will not be sold below the reserve price mentioned above. 4. The undersigned reserves the right to accept or reject any or all of the bids, if found not acceptable and have the right to postpone the auction at any time without assigning any reason whatsoever and the decision in this regard shall be final. 5. Only those bidders holding valid , ID proof and Photo proof and have duly remitted payment of EMD through NEFT or RTGS shall be eligible to participate in this e-auction. 6. The intending bidders have to submit their EMD by way of remittance by RTGS/NEFT to IDBI Bank Ltd A/c No with Race Course Road Branch, Coimbatore (IFSC - IBKL ). The details of NEFT/RTGS credit of EMD to the aforesaid a/c shall be mandatorily informed to phanipavan.k@idbi.co.in/arun.s@idbi.co.in. 7. The Bid documents can be downloaded from and 8. The interested bidders shall submit/upload their application along with UTR No of the EMD, copy of KYC proof containing address for communication accompanied by ID and address proof (Voter ID/Driving License/Passport/PAN Card) in the website on or before the last date of submission. For any assistance pertaining towards registration/technical support/e-bidding process you may contact our e-auction service provider M/s E-procurement Technologies Limited.( - support@auctiontiger.net, praveen.thevar@auctiontiger.net, Contact No - Mr Praveenkumar Thevar / , Mr.Kaviarasu Ramaraj (Coimbatore) (For Technical Support and Bidding Process) 9. On receipt of EMD and other documents, if found to be in order in all respects, the bidders shall receive user id and password from the aforesaid e-auction service provider on their valid id provide by the bidder. 10. The secured creditor is not aware of any encumbrances/charges/ mortgages in respect of the above property except charges in favour of the secured creditor only. 11. Training on e-auction process will be conducted by M/ s E-procurement Technologies Limited to those bidders who have deposited the EMD. 12. The bidder shall improve/increase the sale price in multiples of Rs 1,00,000/- (Rupees One lakh only). Increase in bid amount below the above amount will not be accepted. Thereafter the successful bidder has to pay 25% of the bid amount (after adjusting the EMD already deposited) by NEFT/RTGS to the above mentioned Bank A/c at clause No.6 above on the same day of sale. 13. The successful bidder shall deposit the balance 75% of the bid amount within 15 days from the date of confirmation of sale by the secured credit of such extended period, as may be permitted by the secured creditor at their sole discretion, through NEFT/RTGS to the above mentioned a/c at clause No.6 above. 14. In case of default in payment of the remaining 75%, the amount deposited, (25%) will be forfeited and the secured assets shall be brought for re-auction. 15. All statutory dues/attendant charges/ and other expenses including registration fees, stamp duty, taxes etc shall have to be borne by the successful bidder. 16. 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. 17. The sale certificate shall be strictly issued as prescribed by the SARFAESI ACT and Rules framed there under and shall be issued in the name of the successful bidder as appearing in the e-auction bid form. 18. For detailed terms and conditions please visit website and For further information, please contact Shri S.Harees, Authorised Officer, IDBI Bank Ltd, Specialised Corporate Branch, Excellence, 4th floor, No.104, Race Course Road, Coimbatore , (T) ,( ) s.harees@idbi.co.in. 20. The interested parties may inspect the asset at their own cost between 11 am to 4 pm on after prior intimation. 21. This is also a notice to the borrower, guarantors and mortgagors of the above said loan as per the provisions of SARFAESI ACT with Rules framed there under. Place : Coimbatore Sd/- Authorised Officer Date : IDBI Bank Ltd. 21x16(w) cms.

2 bfhÿsyh«. ïl«: nfhak ö njâ : IoãI t» È. bguãwtd áw ò»is. v [by Þ, 4tJ js«v.104, nuþnfh Þ nuhl, nfhak ö É gid m É ò ï-vy É gid m É ò r ghì r l â Ñœ t»ahš ãiza gl j g l, âu óçyÿs mirah brh â (ghjfh f g l brh J) É gid. M/s.ghY Þã Å ÄšÞ ãiunt ÈÄbl (fl jhu ) flü L brh J fÿ ãizakh fš, kw Óuik ò k W«ãiza ey mkyh f ÉâfŸ 2002 r l â Ñœ IoãI t»æ m ÑfÇ f g l mytyuhš #dtç 2017, 21«njâa W ifaf gl j g l M/s.ghY Þã Å ÄšÞ ãiunt ÈÄbl ÃWtd jh bg WŸs flå fhf t»æl«ãiza â F më JŸs âukâ. B.uh#y RÄÆ ÑœF ã l mirah brh âid É gid brœí«bghu L, ÑnH x gä LŸs IoãI t»æ m ÑfÇ f g l myty jkj mâfhu ij ga gl â Vy â _y«é gid brœa Éiy òÿëfis tunt»wh. brh J Égu«jÄœehL, âu ó ïiz 2 rh gâî kht l«, âu ó jhÿ fh, âu ó»uhk«, fh nfa«nuhl th L v 28š, r nt v 72š 0.58 V f, r nt v 73š 0.71 V f, r nt v.76 š 0.11½ V f, r nt v 61/2BÆš 0.02 V f, r nt v 74š 0.38½ V f k W«0.01 3/8 V f k W«r nt v 1 k W«75/2š 2 ¾ br Mf bkh j«1.85 1/8 V f Ãy«. M/s. ghy Þã Å ÄšÞ ãiunt ÈÄbl bgaçš cÿsj. Çr Éiy : %.7,57,00,000/- nltâ bjhif (ïv«o) %.75,70,000/- IoãI t»»isæ njâæèuªj ÃYit bjhif %.5,88,47,892/- k W« njâ Kjš t o k W«ïju bryîfÿ. brh J fis gh itæl«njâ : (fhiy Kjš 4.00 kâ tiu) K it ò bjhif k W«KYC Mtz fsl Éiy òÿëfÿ rk ã F«filá ehÿ & neu«: , kâa«3.00 kâ tiu. ï-vy njâ k W«neu«: , fhiy kâ Kjš e gfš tiu K»a F òfÿ : 1) ïªj m É ghdj bghjk fs fhf btëæl g lhy«ãiza ey (mkyh f«) Éâ 2002 Éâ 8(5) k W«8(6) Ñœ fl bg wt (fÿ) / ãizajhu (fÿ) M»nahU fhd Kiwahd m É ghfî«fuâ bfhÿsyh«. 2) ïªj m É ghdj t lhu bkhêæy«btëæl gl»wj. bkhêbga ãš VnjD«FsWgofŸ/ãu áidfÿ bjça tªjhš M»y bkhê _ynk ïwâahdjhf«. Vy ÉâfŸ k W«ÃgªjidfŸ : 1. nkny F ã LŸs brh JfŸ cÿsj cÿsthw v FŸsnjh m F, v d cÿsnjh mj k L«kWÔ î ïšyhj ÃiyÆš É gid brœa gl»wj. ïj IoãI t» F bry j nt oíÿs ÃYit %.5,88,47,892/- (%ghœ IªJ nfhona v g J v L y r J eh g J VHhÆu J v û W bjh û W ïu L k L«) k W« ÈUªJ ã t oíl bjhif fhdjhf«. 2. Vy É gidahdj ï Vy KiwÆš v w ïizajs KftÇÆš M/s.ï buh ô bk bl dhyéþ È v w nritaë nghuhš njâa W fhiy kâæèuªj e gfš kâ FŸ, x bth W«5 ÃÄl mst w Ú o òfsl el j bgw«. 3. ãiza brh J fÿ mt Fiwªjg r à za Éiy F ÑnH É gid brœa glkh lhj. 4. ÑnH x gä LŸst vªj xu/mid J Éiy òÿëfisí«v W bfhÿsnth m ÃuhfÇ fnth, fhuznkj«fh lhj Vy ij x â it fnth, u J brœanth cçikíilat. ï nty«f J mt vl F«Kont ïwâahdjhf«. 5. bršy j f ï-mšrš KftÇ, milahs rh W, k W«òif gl rh W M»at Wl Fiwªjg r it ò bjhifia NEFT/RTGS _y«bry âíÿs Vyjhu fÿ k Lnk Vy âš fyªj bfhÿs ïay«. 6. ÉU gkÿs Vyjhu fÿ j fsj Fiwªjg r it ò bjhifia RTGS/NEFT têahf IoãI t», nuþnfh Þ nuhl,»isnfhak ö fz F v (IFSC Code IBKL )š bry âél nt L«. nk go bjhif bry j g l Égu âid phanipavan.k@idbi.co.in/arun.s@idbi.co.in v w KftÇ F bjçé f nt oaj f lhakhf«. 7. Vy ÃgªjidfŸ, É z got fÿ k W« tiyjs fëèuªj gâéw f«brœj bfhÿsyh«. 8. M tkÿs Vyjhu fÿ j fsj ó â brœa g l É z g ij Fiwªjg r it ò bjhif bry âa UTR v Ql, mid J rh WfË efšfsl milahs m il efš, KftÇ rh W (th fhs milahs m il/ X Le cçk«/ flî Ó L/gh fh L ït š VnjD«x W) M»at Wl v w ïizajs âš ïwâ ehs nwh mj F K dnuh gânt w«brœa nt L«. ïj F cjé VnjD«njit glkhæ gâî / bjhêše g Mjuî / ï Vy Kiw M»at bjhl ghf v fsj nrit më nghuhd M/s.ï buh ô bk bl dhyéþ ÈÄbl (Ä mšrš : support@auctiontiger.net, praveen.thevar@auctiontiger.net, bjhiyngá v fÿ : âu.ãuå Fkh njt / , âu.féaur uhkuh{ (nfhak ö ) mt fis bjhl ò bfhÿsyh«. 9. Fiwªjg r it ò bjhifíl k w Mtz fs«kiwahf ïu F«g r âš, Vyjhu fÿ j fs fhd ôr I.o k W«ghÞnt M»at iw v fsj nrit më ngh _y«j fsj Ä mšrš KftÇÆš bg W bfhÿsyh«. 10. ghjfh f g l fl <ªnjh nk brh d fl bg nwh j fs F ju nt oa ÃYit bjhifia jé J, ãw Éšy f fÿ/f lz fÿ/mlkhd fÿ F J m ªâU féšiy. 11. it ò bjhif bry âíÿs mid J Vyjhu fs F«ï Vy Kiw gæ á v fsj nritaë nghuhd ï- buh ô bk bl dhyéþ È. ÃWtd jhuhš th f gl«. 12. Vy«Fiwªjg r É gid ÉiyÆš Jt» y r â kl FfËnyna mâfç f nt L«. ïj F ÑHhd Vy«V W bfhÿs glkh lhj. bt bg w Vyjhu (jh fÿ V fdnt bry âíÿs Fiwªjg r it ò bjhifia fê J) Vy bjhifæš 25 rj ij m nw RTGS/NEFT _ykhf nkny F ã LŸs Vy Éâ 6 š F ãl g LŸs t» fz»š bry âélnt L«. 13. bt bg w Vyjhu Ûj«brY j nt oa 75rj Vy bjhifia Vy«cWâ brœa g l 15 ehënyh m, ghjfh f g l fl <ªj t»æ mdkâ bg W Ú o f bg w fhy msé FŸnsh t»æ xuä j Koî go nk T a Vy Éâ 6š brhšy g lthw nk f l t» fz»š NEFT/RTGS KiwÆš bry âél nt L«. 14. nk F ã lthw 75 rj bjhifia F ã l fhy bflî FŸ bry j jt dhš, V fdnt bry âíÿs bjhif (25% bry âíÿsj) KGtJ«Vyjhu ïh f neçltjl brh J fÿ kw Vy â F cÿsh f gl«. 15. mid J r ló t ÃYitfŸ / tuif f lz fÿ / ãw bryéd fÿ gâî f lz, K âiu jhÿ»ua«, tç cÿë lit bt bg w Vyjhunu bry â bfhÿs nt L«. 16. ghjfh f g l fl <ªnjh ãiza brh J fÿ F j jftš ãihfÿ/éljšfÿ/khwghlfÿ/fiwghlfÿ M»at nfh mšyj ntw r l goahd ÃWtd fs F fl bg nwh bry j nt oa ÃYit fhd mdkâ bgwtj F njh v Éj bghw ò«nk bfhÿs ïayhj. 17. r ngá r l«k W«ÉâfË go É gid rh whdj ï-vy É z g âš F ã LŸs Vyjhu bgaçš k Lnk th f gl«vd f o ghf bjçé f gl»wj. 18. ÉÇthd Égu fÿ k W«ÃgªjidfS F idbi.auctiontiger.net k W« v w ïizajs âš fhzî«. 19. nky«égu fs F âu.s.aßþ, m ÑfÇ f g l mâfhç, IoãI t» È., bguefu áw ò»is, v [by Þ, 4tJ js«, v.104, nuþnfh Þ nuhl, nfhak ö v w KftÇÆYŸs IoIã t»»isia mqfî«. (bjhiyngá v , ï-bkæš : s.harees@idbi.co.in 20. ÉU gkÿs Vyjhu fÿ m W fhiy kâ Kjš khiy 4.00 kâ tiu K jftš md ã cwâ brœj j fÿ bryéš brh âid gh itæ L bfhÿsyh«. 21. ïªj m É ghdj nkny F ã l fl bg wt fÿ, c juthjkë jt fÿ, ãizakë jt fs F r ngá r l«k W«mj ÉâfS»z f btëæl g l m É ghfî«(x g«) m ÑfÇ f g l mâfhç IoãI t» È., 21X16(w) cms.

3 The Authorized Officer (AO) of IDBI BANK LIMITED Specialised Corporate Branch Excellence, 4 th floor, No.104, Race Course Road Coimbatore TENDER DOCUMENT for Sale of Assets Land measuring 0.58 acre in Survey No.72, 0.71 acre in Survey No. 73, 0.11 ½ acre in Survey no.76, 0.02 acre in Survey no. 61/2B, 0.38 ½ acre & / 8 acre in Survey no.74 and 2 ¾ cents in Survey nos.1 & 75/2, total extent of / 8 acres of land at Ward no.28, Kangeyam Road, Tirupur Village, Tirupur Taluk owned by Smt B.Rajalakshmi (Mortgagor -Guarantor) for the facilities availed by M/s Balu Spinning Mills Private Limited (Borrower) 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

4 IDBI BANK LIMITED MCG-SPECIALISED CORPORATE BRANCH, COIMBATORE M/s. BALU SPINNING MILLS PRIVATE LTD. TENDER DOCUMENTS CONTENTS Sr.No Particulars Page No. I Public Notice for Sale published in the newspapers 3-5 II Brief Description of secured assets 6 III Outstanding dues of Secured Lenders 7 IV Terms & Conditions 8-12 V Form of Profile of the Bidder VI Form of Appendix to the Bid/Offer (declaration by the Bidder)

5 IDBI Bank Ltd. Specialised Corporate Branch, Excellence, 4 th floor, No.104, Race Course Road, Coimbatore E AUCTION SALE NOTICE - SALE OF IMMOVABLE PROPERTY ( SECURED ASSET ) SITUATED AT TIRUPPUR CHARGED TO THE BANK UNDER THE SARFAESI ACT, 2002 IN CONNECTION WITH M/s.Balu Spinning Mills Private Limited (the Borrower) The undersigned being the Authorized Officer (AO) of the IDBI Bank Ltd. (IDBI) invites Bids/Offers for sale of immovable property of Smt B Rajalakshmi mortgaged with IDBI Bank Ltd for securing the financial assistance availed by M/s Balu Spinning Mills Pvt Ltd under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002, possession whereof has been taken by the AO, IDBI Bank Ltd on January 21, Brief Description of Secured Asset: All that piece and parcel of the land measuring 0.58 acre in Survey No.72, 0.71 acre in Survey No. 73, 0.11 ½ acre in Survey no.76, 0.02 acre in Survey no. 61/2B, 0.38 ½ acre & / 8 acre in Survey no.74 and 2 ¾ cents in Survey nos.1 & 75/2, total extent of / 8 acres of land at Ward no.28, Kangeyam Road, Tirupur Village, Tirupur Taluk, Tirupur Joint II Sub Registaration District State Tamil Nadu in the name of Balu Spinning Mills Pvt Ltd 2 The dues of IDBI Bank Ltd. outstanding as on stand at Rs 5,88,47,892/- plus 3 4 interest thereon w.e.f Location of Property Reserve Price (RP) EMD (10% of RP) Tiruppur Rs 7.57 crs Rs Lakh Date of Inspection (11 am to 4 pm) Last Date of Submission of Bids along with KYC Documents (Thursday) till 3 pm. Date and Time of E Auction (Friday) from 11 am to 12 noon Important Notes 1. This notice is for general public and also may be treated as formal notice to Borrower(s)/Mortgagor(s) under Rule 8(5) and (6) for immovable assets under Security interest (Enforcement) Rule This notice is also being published in vernacular. The English version shall be final in 3

6 the event of any ambiguities/interpretation. Terms & conditions of Auction: 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.5,88,47,892/- (Rupees Five Crores eighty eight lakhs forty seven thousand eight hundred and ninety two only) together with further interest thereon with effect from October 21, The sale would be on e-auction platform at website of e- auction service provider M/s E-Procurement Technologies Ltd and shall take place on from 11 am to 12 noon with unlimited extensions of 5 minutes each. 3. The secured asset will not be sold below the reserve price mentioned above. 4. The undersigned reserves the right to accept or reject any or all of the bids, if found not acceptable and have the right to postpone the auction at any time without assigning any reason whatsoever and the decision in this regard shall be final. 5. Only those bidders holding valid , ID proof and Photo proof and have duly remitted payment of EMD through NEFT or RTGS shall be eligible to participate in this e-auction. 6. The intending bidders have to submit their EMD by way of remittance by RTGS/NEFT to IDBI Bank Ltd A/c No with Race Course Road Branch, Coimbatore (IFSC IBKL ). The details of NEFT/RTGS credit of EMD to the aforesaid a/c shall be mandatorily informed to phanipavan.k@idbi.co.in/arun.s@idbi.co.in. 7. The Bid documents can be downloaded from and 8. The interested bidders shall submit/upload their application along with UTR No of the EMD (specified against the property interested to be purchased), copy of KYC proof containing address for communication accompanied by ID and address proof (Voter ID/Driving License/Passport/PAN Card) in the website on or before the last date of submission. For any assistance pertaining towards registration/technical support/e-bidding process you may contact our e-auction service provider M/s E-procurement Technologies Limited.( - support@auctiontiger.net, praveen.thevar@auctiontiger.net, Contact No Mr Praveenkumar Thevar / , Mr.Kaviarasu Ramaraj (Coimbatore) (For Technical Support and Bidding Process) 9. On receipt of EMD and other documents, if found to be in order in all respects, the bidders shall receive user id and password from the aforesaid e-auction service provider on their valid id provide by the bidder. 10. The secured creditor is not aware of any encumbrances/charges/mortgages in respect of the above property except charges in favour of the secured creditor only. 11. Training on e-auction process will be conducted by M/s E-procurement Technologies Limited to those bidders who have deposited the EMD. 12. The bidder shall improve/increase the sale price in multiples of Rs 1,00,000/- (Rupees One lakh only). Increase in bid amount below the above amount will not be accepted. 4

7 Thereafter the successful bidder has to pay 25% of the bid amount (after adjusting the EMD already deposited) by NEFT/RTGS to the above mentioned Bank A/c at clause No.6 above on the same day of sale. 13. The successful bidder shall deposit the balance 75% of the bid amount within 15 days from the date of confirmation of sale by the secured credit of such extended period, as may be permitted by the secured creditor at their sole discretion, through NEFT/RTGS to the above mentioned a/c at clause No.6 above. 14. In case of default in payment of the remaining 75%, the amount deposited, (25%) will be forfeited and the secured assets shall be brought for re-auction. 15. All statutory dues/attendant charges/ and other expenses including registration fees, stamp duty, taxes etc shall have to be borne by the successful bidder. 16. 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. 17. The sale certificate shall be strictly issued as prescribed by the SARFAESI ACT and Rules framed there under and shall be issued in the name of the successful bidder as appearing in the e-auction bid form. 18. For detailed terms and conditions please visit website and For further information, please contact Shri S.Harees, Authorised Officer, IDBI Bank Ltd, Specialised Corporate Branch, Excellence, 4th floor, No.104, Race Course Road, Coimbatore , (T) ,( ) 20. The interested parties may inspect the asset at their own cost between 11 am to 4 pm on after prior intimation 21. This is also a notice to the borrower, guarantors and mortgagors of the above said loan as per the provisions of SARFAESI ACT with Rules framed there under. Place: Coimbatore Date: February 24, 2017 Sd/- Authorised Officer IDBI Bank Ltd 5

8 II. Brief Description of secured assets: Property owned by Smt B Rajalakshmi All that piece and parcel of the land measuring 0.58 acre in Survey No.72, 0.71 acre in Survey No. 73, 0.11 ½ acre in Survey no.76, 0.02 acre in Survey no. 61/2B, 0.38 ½ acre & / 8 acre in Survey no.74 and 2 ¾ cents in Survey nos.1 & 75/2, total extent of / 8 acres of land at Ward no.28, Kangeyam Road, Tirupur Village, Tirupur Taluk, Tirupur Joint II Sub Registaration District, bounded by Survey No 72 TSNo.450 /7/6 73 TSNo.450 /7/6 76 TSNo.449 /7/6 61/2B TSNo.470 /1/7/6 74 TS No.452/7/ 6 Boundaries of the Property Area in acre North South ---- East ---- West ---- North Survey No. 74 part Mr. Nachimuthu Gounder s 0.71 Property (SF.No.73) South Survey No. 72 East Survey No. 56& 57 part West Survey No. 76 Survey No. 73. Mr. Nachimuthu Gounder s Property & SF.No.76 Adjoining part. North ½ South Survey No. 61/B East West Itery East Survey No. 72& 73 part land West Mr. Nachimuthu Gounder s Property North Survey No South East West Itery East East West Itery West TS. No. 470/1/7/6- Mr. Nachimuthu Gounder s Property North Noyyal River / 8 South Survey No. 73 & 56/1 (Part) ( / 8 ) East Survey No. 56/1 West Mr. Nachimuthu Gounder s Property 19 cent Land 1 & 75/2 North SF. No.1 & 75/2, (TS No.453/2/7/6) Mr ¾ Nachimuthu Gounder s 0.14 Cent South Survey No. 76 East SF.No.76 (Part) Land West SF.No. 1 & 75/2 (Part) Land Total area of land / 8 together with all buildings and structures thereon attached to the earth or permanently fastened to anything attached to the earth along with all the hypothecated assets. 6

9 III. Outstanding dues of Secured Creditors as on date of SARFAESI notice Financial Assistance Principal Interest Penal Interest Total LC Devolvement 5,51,08,468 34,65,134 2,74,290 5,88,47,892 Total 5,51,08,468 34,65,134 2,74,290 5,88,47,892 Together with further interest with effect from October 21,

10 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 Sr.No.II 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 3.00 pm and can be obtained from Manager, IDBI Bank Ltd., Specialised Corporate Branch, Excellence, 4 th floor, No.104, Race Course Road, Coimbatore The bid document can also be downloaded from IDBI website - and https: //idbi.auctiontiger.net the website of e-auction service provider. 3 Reserve Price and EMD The Reserve Price for the sale of the property is Rs. 757 lakh (Rupees Seven Crore Fifty Seven lakh only) The EMD (Earnest Money Deposit) has been fixed at Rs lakh (Rupees Seventy five lakhs seventy thousand only) 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 Smt B Rajalakshmi 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 11 am to 4 pm) 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 8

11 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 V of this Tender Documents. Bids can be submitted in sealed envelopes along with required documents. 10 The Bid Documents shall be signed by a person or persons duly authorized by the Bidder with the signature duly attested 11 The Bid Documents 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 Bid Documents 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. 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, Excellence, 4 th floor, No.104, Race Course Road, Coimbatore on any working day but not later than at p.m. on March 30, 2017, along with Demand Draft/Pay Order of with minimum EMD amount The sealed cover should superscribed Bid Document Balu Spinning Mills Pvt Ltd and Name and Phone number of Bidder to be mentioned on left 9

12 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, Excellence, 4 th floor, No.104, Race Course Road, Coimbatore not later than at 4 pm on March 30, 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 Registration with E-Auction Service Provider Participants, who are not already registered with the e-auction provider Auction Tiger should register themselves by following the procedure mentioned at the website: The participants/intending purchasers are necessarily required to submit following documents/papers for registration to provider auction tiger. Please download from b. Self attested copy of Pan Card. c. Self Attested valid residential proof (Voter Id card, Passport copy, Ration card, telephone bill, electric bill - any one) d. Self attested valid id and mobile no. The user id and password will be then sent directly to the registered participants / intending purchasers whose Tender Document is complete in all respect and whose Demand Draft/Pay Order for EMD is found to be in order and /or remittance by way of NEFT/RTGS proceeds is credited into the account indicated well before the cut-off time and whose documents are complete in all the respects, with further directions by the eauction provider company, if any, for log in and participating in the auction through online process. After receiving the user-id / password, in case any bidder feels the need for training / e auction support, may contact - Mr Praveenkumar Thevar / , Mr.Kaviarasu Ramaraj (Coimbatore) support@auctiontiger.net, praveen.thevar@auctiontiger.net Biding in the last minutes/seconds should be avoided by the bidders in their own interest. Neither IDBI Bank nor the Service provider will be responsible for any lapses(internet failure, Power failure, etc) on the part of the vendor, in such cases. 10

13 In order toward of such contingent situation, bidders are requested to make all the necessary/alternative arrangements such as backup power supply and whatever else required so that they are able to circumvent such situation and are able to participate in the auction successfully 16 The e- auction day: from am to Noon The initial 10 minutes of each auction will be kept open for all the intending bidders to bid. The auction would be held with unlimited extensions of 5 minutes each, if required, on e-auction platform at website In case no further valid bids are received during the extended period, the last highest bid received would be treated as the successful bid and auction would be treated as closed/terminated.. Increase in Bid Amount : It may be noted that increase in bid amount, if any, during the e-auction period shall be made as under In multiples of Rs.1,00,000/- (Rupees One Lakh Only). Increase in bid amount below the above amount will not be accepted. 17 Payment of Sale Price The successful bidder would be informed in writing about the acceptance of his/her bid/offer by the AO and will be required to deposit 25% of the sale price (less the amount of EMD) immediately on acceptance of his/her bid by way of NEFT/RTGS in favour of IDBI Bank Limited, Account No , 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 Coimbatore. Branch : Specialised Corporate Branch, Excellence, 4 th floor, No.104, Race Course Road, Coimbatore 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. 11

14 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 Interest (Enforcement) Rules, 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 12

15 V. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER For purchase of Properties owned by Smt B Rajalakhsmi All that piece and parcel of the land measuring 0.58 acre in Survey No.72, 0.71 acre in Survey No. 73, 0.11 ½ acre in Survey no.76, 0.02 acre in Survey no. 61/2B, 0.38 ½ acre & / 8 acre in Survey no.74 and 2 ¾ cents in Survey nos.1 & 75/2, total extent of / 8 acres of land at Ward no.28, Kangeyam Road, Tirupur Village, Tirupur Taluk, Tirupur Joint II Sub Registaration District State Tamil Nadu. (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: 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 13

16 iv) UTR Number in case of : fund transfer v) Amount remitted : vi) 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) 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: 14

17 To, Authorised Officer, IDBI Bank Ltd., Specialised Corporate Branch Excellence, 4 th floor No.104, Race Course Road Coimbatore VI. 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) Balu Spinning Mills Pvt Ltd. Sir, BID FORM FOR PURCHASE OF PROPERTIES All that piece and parcel of the land measuring 0.58 acre in Survey No.72, 0.71 acre in Survey No. 73, 0.11 ½ acre in Survey no.76, 0.02 acre in Survey no. 61/2B, 0.38 ½ acre & / 8 acre in Survey no.74 and 2 ¾ cents in Survey nos.1 & 75/2, total extent of / 8 acres of land at Ward no.28, Kangeyam Road, Tirupur Village, Tirupur Taluk, Tirupur Joint II Sub Registaration District State Tamil Nadu. 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, 15

18 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 Smt B Rajalakshmi 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. 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. Balu Spinning Mills Pvt Ltd." payable at Coimbatore. 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. 16

19 Place : Date : Signature, Name and Designation of the duly authorised official of the Bidder/Offerer 17