IDBI BANK LIMITED, NPA Management Group, Hyderabad, No.5-9-89/1 & 2, 2 nd floor, Chapel Road Branch, Hyderabad 500001. www.idbi.com CIN : L65190MH2004GOI148838. CORRIGENDUM Please refer to our E-Auction Sale Notice, published in this newspaper on 10.02.2018 in A/c of Borrower: M/s. Coastal Projects Limited. In the said Notice, the Extent Ac-Guntas mentioned under last row of the table given under Sr. No. 1 (Description of the Secured Assets) should be read as 1-20 instead of 3-00. The other terms and conditions of e-auction as mentioned in the above said newspaper will remain the same. Date: February 13, 2018 Authorized Officer, IDBI Bank Ltd
IDBI BANKLIMITED, NPA Management Group, Hyderabad,No.5-9-89/1 & 2, 2 nd floor,chapel Road Branch, Hyderabad 500001. www.idbi.com CIN : L65190MH2004GOI148838. PUBLIC NOTICE FOR SALE OF ASSETS THROUGH E-AUCTION SALE OF IMMOVABLE PROPERTY ( the Secured Asset ) IN RESPECT OFM/S. COASTAL PROJECTS LIMITED ( the Borrower ) AND OWNED BY THE MORTGAGORS AND GUARANTORS, viz. SHRI K T GOVINDA GOWDA & SMT. G ANURADHA. The undersigned being the Authorised Officer ( AO ) on behalf of IDBI Bank Limited ( IDBI ) invites Bids/Offers from reputed and genuine parties for purchase of following immovable property through e-auction under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ( the Act ) read with the Security Interest (Enforcement) Rules, 2002 ( the Rules ), of the Act, possession whereof has been taken by the AO, IDBI on February2, 2018. 1 Description of the Secured Assets: All that piece and parcel of land, owned by the mortgagors and guarantors, viz. Shri K T Govinda Gowda and Smt. G Anuradha, having approximate GPS Co-ordinates of 13 o 1 21.72 N & 77 o 28 46.19 E,admeasuring Ac 7-20 Guntas comprised in Sy. No.124/5 situated at Kariobanahalli Village, Yeshwanthpur Hobli, Bengaluru North Taluk in the State of Karnataka as mentioned below: Survey Extent Boundaries Number Ac-Guntas 124/5 3-00 East: Remaining Land in the same Sy. No. belonging to K V Shekar Rao West: Remaining Land in the same Sy. No. belonging to T Narayana and others South: Smt. Venkatamma and Shanbogh Sri Narayana Rao s Land 124/5 3-00 East : Land belonging to Hanumanth Devaru s Inmath Land West: Remaining Land in the same Sy. No. belonging to the purchaser South: Smt. Venkatamma and Shanbogh Sri Narayana Rao s Land 124/5 1-20 East : Remaining Land in the same Sy. No. belonging to the purchaser West: Gongondanahalli Boundary and Road South: Remaining Lands in Sy. No.124/5 2 The outstanding dues of IDBI: 322,11,09,507.00 (Rupees Three Hundred Twenty Two crore, Eleven lakh, Nine Thousand, Five Hundred and Seven only) as on November 1, 2017, together with further interest thereon with effect from November 1, 2017 at the contractual rates upon the footing of compound interest, until payment/realization. 3 Secured Assets Immovable Properties (Land) Reserve Price ( RP ) 4100.00 lakh Earnest Money Deposit ( EMD ) Date of Sale of Bid / Tender document 41 lakhs February12, 2018 to March 12, 2018. Date of Inspection February 10, 2018 from 10.30 am to 5.00 pm. Last Date of submission of Bid March 12, 2018 (upto 3.00 pm). Opening of bids March 12, 2018 at 3.30 pm. Date and Time of e-auction March 14, 2018 from 11.00 am to 13.30 pm. EMD to be remitted to Account No.: 0133102000002899, IFSC: IBKL0000133, Branch Name: IDBI Bank Limited, Specialized Corporate Branch, Chapel Road, Hyderabad, by way of RTGS only in favour of IDBI Bank Ltd and submit proof of payment along with KYC documents (photo identity and address proofs) like PAN Card (compulsory), Aadhaar Card, Passport, Voter ID card, Driving License etc. The amount of EMD paid by the interested bidders shall carry no interest. AO may retain EMD of top three bidders up to 3 months from the date of opening of the bids. On receipt of the EMD and other stipulated documents, and if same found in order in all respects, such interested Bidders shall be sent User id & Password on their valid Email addresses (which is mandatory for participating in e-auction) by the e-auction service provider M/s. Bluestones Infrastructure India Private Limited. 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 by the successful bidder within the prescribed period, the deposited amount, including EMD, shall be forfeited.
4 Gist of the terms & conditions appearing in Bid Document: a) The Secured Asset is proposed to be sold on as is where is, what is there is and without recourse basis. b) The Secured Asset shall not be sold below the RP. c) The AO will not take responsibility for any dues (statutory or otherwise) outstanding as on date and yet to fall due, including dues that may affect transfer of property in the name of the successful bidder and such dues, if any, will have to be borne by the successful purchaser. IDBI does not take any responsibility to provide information on the same. 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. d) The Secured Asset mentioned in the Bid Document are based on the charges/mortgages created by the Borrower in favour of IDBI, the details whereof are given in the Bid Document. Interested parties are requested to verify the details of the Secured Asset and inspect the records relating to mortgaged assets available with AO on request. e) The Secured Asset is being sold free from charges and encumbrances of Secured Creditors only. f) Secured creditors do not take responsibility for any errors/omissions/discrepancy/shortfall etc. in the Secured Asset or for procuring any permissions etc. or for the dues of any authority established by law. g) For e-auction registration/support contact M/s. Bluestones Infrastructure India Private Limited, First floor, RK Residency, Opp. Talwalkars, Road No. 11, Banjara Hills, Hyderabad 500034, Telangana or their representative Shri Ayub Khan, Mobile: +91-8801054545, Email: marketing@bluestone.net.in and website www.eauctionindia.in. h) Interested bidders/parties may get the Bid Document, which contains detailed terms and conditions of sale, bid forms etc. may be downloaded from IDBI s website (www.idbi.com)or contact the AO, IDBI Bank Limited, NPA Management Group on Tel: +91-40-67694152, Email: sachin.harale@idbi.co.in and at 2 nd floor, 5-9-89/1&2, Chapel Road, Hyderabad 500001 in person during February12, 2018 to March 12, 2018on any working day (except 2 nd & 4 th Saturdays of the months) between 11:00 am and 05:30 pm or contact M/s Garudadhwaja Enforcement, Tel: +91-9900004095. i) For further details, please refer to IDBI Bank s website (www.idbi.com) and www.eauctionindia.in. j) 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 Act. k) AO has absolute right and discretion to accept or reject any bid or adjourn/postpone/cancel the sale or add/delete/change any of the terms and conditions of this sale at any time without prior notice to the Borrower, bidder, public etc. and without assigning any reason. l) The AO, IDBI shall not be responsible for any error, inaccuracy or omission in the said proclamation of sale. m) Statutory 30 days notice under Sub Rule (6) of Rule (8) of the Rules was issued by AO, vide, notice dated February9, 2018 to the Borrower, viz. Coastal Projects Limited and the mortgagors and guarantors, viz.shri K T Govinda Gowda and Smt. G Anuradha to pay the sum as mentioned therein along interest and ancillary expenses up to the date before e-auction, failing which the Secured Asset will be e-auctioned/sold and balance dues, if any, will be recovered with interest and cost. n) This Notice shall also serve as Notice under Sub Rule (6) of Rule (8) of Security Interest (Enforcement) Rules, 2002 to the Borrower, viz. Coastal Projects Limited and the mortgagors and guarantors, viz. Shri K T Govinda Gowda and Smt. G Anuradha. Date: February10, 2018 Place: Hyderabad sd/- (Authorized Officer) IDBI Bank Ltd