The Authorised Officer (AO) of IDBI BANK LIMITED (NPA ... _Steel_Rolling_Mills.pdf7. Vespa Select Scooter 01 8. Spare Gears 04 Room No. 2 – Stores & Spares 1. Stores & Spares, Steel

The Authorised Officer (AO)

of

IDBI BANK LIMITED

(NPA Management Group, South Zone-II)

1st Floor,

No.102, Shakthi Comfort Tower,

KH Road, Bangalore - 560027

BID DOCUMENT

For

Sale of Asset of

Universal Steel Rolling Mills Pvt Ltd. (USRMPL)

Under

The Securitisation and Reconstruction of Financial Asset and Enforcement of

Security Interest Act, 2002

and

The Security Interest (Enforcement) Rules, 2002

Date: May 09, 2015

2

CONTENTS

Sr.No Particulars Page

No.

I Public Notice for Sale published in the newspapers

3

II Possession notices published in newspapers 4 - 5

III Brief Description of secured asset

6-10

IV Outstanding dues of Secured Lender

11

V Terms & Conditions

12-19

VI Brief details of Bid/Offer document

20

VII Form of Profile of the Bidder - Individual

21-22

VIII Form of Profile of the Bidder – Company / Firm/ Party

23-24

IX Form of Appendix to the Bid/Offer (declaration by the Bidder)

25-27

3

I. E-auction Sale Notice

The above notice was published in the following newspapers on May 09, 2015.

1. Hindu (English) 2. Udayavani (Kannada)

4

II. POSSESSION NOTICE PUBLISHED IN NEWSPAPERS

The above notice was published in the following newspapers on February 27, 2013.

1. The Hindu (English) 2. Udayavani ( Kannada)

5

POSSESSION NOTICE PUBLISHED IN NEWSPAPERS

The above notice was published in the following newspapers on August 19, 2014.

2. The Hindu (English) 2. Udayavani ( Kannada)

6

III. BRIEF DESCRIPTION OF SECURED ASSET

Sr.

No

Description of the Immovable Property

1.

(a) All that piece and parcel of residentially converted land bearing Survey no 160,

admeasuring 12 Guntas or thereabouts Jaladigere village limits, Yadiyur Hobli,

Kunigal Taluk, Tumkur District in the State of Karnataka belonging to M/s Universal

Steel Rolling Mills Pvt. Ltd., and bounded on the

East by : Road,

West by : Remaining land in the same survey no 160,

North by : Survey No 161 of Jaladigere village

South by : Survey No 159 of Jaladigere village.

together with all buildings and structures thereon.

and

(b) All that piece and parcel of industrial converted land bearing Survey no 160,

admeasuring 3 Acres 26 Guntas or thereabouts Jaladigere village limits, Yadiyur

Hobli, Kunigal Taluk, Tumkur District in the State of Karnataka belonging to M/s

Universal Steel Rolling Mills Pvt Ltd., and bounded on the

East by : Remaining land in the same Survey No 160

West by : Boundary of Thattagere Village,

North by : Survey No 161 of Jaladigere village

South by : Survey No 159 of Jaladigere village.

together with all buildings and structures thereon and all plant and machinery attached to the

earth or permanently fastened to anything attached to the earth;

belonging to M/s Universal Steel Rolling Mills Pvt. Ltd.

2. All that piece and parcel of residentially converted land bearing site no.2, formed out of

land bearing old Survey no 69 and new survey No.69/2B, admeasuring 2060 sq.ft or

thereabouts situated within the village limits of Mallasandra, Yeshwanthapura Hobli,

Bangalore North Taluk in the State of Karnataka belonging to Shri.E. Gopal and Smt V M

Subbamma and bounded on the

East by : Others Property,

West by : 28 feet road,

North by : Site No 1 and

South by : Site No 3.

together with all buildings and structures thereon/ to be erected thereon and all plant and

machinery attached/ to be attached to the earth or permanently fastened/to be fastened to

anything attached to earth.

3. All that piece and parcel of the Site No, 6, T.M.C Khatha No.3535/2668/7, formed out of

the land bearing Survey No.328, admeasuring 1800 sq.ft. or thereabouts, situated at 22nd

Ward, 4th Division Devenahalli-Sulibele Road, Devanahalli Town, Bangalore Rural

District, Bangalore, in the State of Karnataka, belonging to Shri K V Jayaram and Shri K

V Venugopal and bounded on the

East by :Site No 7,

West by : Site No.5835,

North by : Sulibele Road; and

South by : Vacant Land & BPO Property.

7




4. All that piece and parcel of residentially converted land bearing site no 85 formed in the

Survey no 57 admeasuring 1200 sq.ft or thereabouts situated within the village limits of

Kariobanahalli, Yeshwanthapura Hobli, Bangalore North Taluk in the State of Karnataka

belonging to Smt V L Lakshmi Devi and bounded on the

East by : 25 Feet Road,

West by : Site No 84,


South by : 25 feet road




5. All that piece and parcel of residentially converted land bearing site no 42 and 49 formed

in the Survey no 57 admeasuring 2400 sq.ft or thereabouts situated within the village limits

of Kariobanahalli, Yeshwanthapura Hobli, Bangalore North Taluk in the State of

Karnataka belonging to Smt V L Lakshmi Devi and bounded on the

East by: 25 Feet Road,

West by: 25 feet Road,

North by: Site No 43 and 48, and

South by: Site No. 41and 50.




6. All that piece and parcel of property at Site no 9, Khaeshumari No. 4917 formed in survey

no 173/2 situated at 4th

stage, Vishsweswaraiah Layout, Hosekote Town, (previously

Hosekote Village KasabaHobli, Hosakote Taluk) belonging to Smt V L Lakshmi Devi

measuring East to West on the on the Northern side 50 feet, Southern side 46 feet, and

North to South 53 feet (50+46)/2 x 53feet, and bounded on the

East by : Private Land;

West by : 25 feet Road;


South by : 20 feet Road.




Description of Movable Property

Sr. No. Description of Article Nos.

Room No.1 – CNC Machine Room

1. Group Cutting Machine alongwith control panel 01

2. Branding Machine 01

3. Lifting Frame & Chain Block 01

4. Ceiling Fan 01

8

5. Shafts 02

6. Exhaust Fan 01

7. Vespa Select Scooter 01

8. Spare Gears 04

Room No. 2 – Stores & Spares

1. Stores & Spares, Steel Shelves (3 Nos.)

Room No. 3

1. Universal Testing Machine

2. Chemicals

3. Carbon Sulphur Apparatus

4. Muffle Furnace

5. Regulator

6. Table 1

7. Ampere Meter

8. Gas cutting Hose & Regulators with torch

9. Burner Blocks

10 Tope Chairs

11. Ceiling Fan, Tube Light 1 each

12. Exhaust Fan 1

13. Oil Drums 2

14. Barometer

Supervisor Rooms

1. Cots 2

2. Steel Almirah 1

3. Ceiling Fan 2

Office Room

1. Tables 3

2. Showcase 1

3. Cot with bed 2

4. Plastic Chairs 4

5. Water Tank 1

Cooling Bed

1. Rolls 14

2. Rollers 2

3. Couplings 6

4. Spindle 1

5. Cooling bed (60 mtrs x 5.0 mtrs)

6. Cold Shear

7. Cooling bed roller table (72 mtrs.)

8. Control Panel 1

Reheating Furnace & Charging Side

1. Single row mechanical pusher

2. Reheating Furnace (72 ft. long)

3. Air Line, Chimney, Pollution Control

9

4. Coal firing equipment

11’ Intermediate & Finishing Mill

1. 1000 H.P. 720 RPM AC Motor & Accessories

2. Gear Coupling (2 nos – 109, 1 no. – 110)

3. Oil Lube System

4. 11” Mill Roller Bearing Pinion 8

5. Reduction Gear Box 450CD

6. 4 Stands of 11” Mill (2 +2)

7. 11” Mill Rolls

8. 11” Mill base Rails

9. Universal Spindle & Couplings

10. Foundation Bolts

11. Water Line & pumps

12. Alligator Shears 4

13. Repeater 5

14. Speed Increaser 1

15. 11” Mill Stand with 2Hi Rollerbearing 4 stands

16. Pinch Roller 3

17. Motor Base Rail

18. Grease Gun 1

TMT Box Setup

1. TMT Box

2. TMT water pumps & motors

3. Hot water pumps, Motors & Cooling Towers

4. Rotary Shear 1

14” Roughing Mill

1. 14” roughing Mill Stands with Rolls & Rails 2

2. 14” pinion 3Hi 1

3. 14” reduction Gear Box 1

4. 5 Ton Flywheel 1

5. 600hp Motor & Accessories 1

6. Roughing Mill charging Roller Table 1

7. Furnace discharge extension table 1

8. Pneumatic ejector at Roller Table 1

9. Furnace discharge Rotating table 1

10. Pinch Roll Set 1

11. Front End Cutting Shear 1

12. Repeater 1

Bi- Pass Line

1. Rotary Shear 1

2. Pinch roll set 1

3. W and V Channel on Cooling bed

Electrical Assets

1

1600KVA 11/433 Transformer with Cable 1

10

2. Electrical control panels 1

3. Aux motors & lighting

4. Pole structures & cables 4

5. Dedicated Electrical Feeder to rolling Mills (2.5 k.m)

6. Vaccum Circuit Breaker (VCB) 1

7. Liquidator Starter for 1000HP Motor & 600 HP Motor 2

Workshop

1. Rolls roughing & Intermediate 29

2. Welding Machine 3

3. Grinding Machine 1

4. Compressor 2

5. Lathe Machine 3

6. Shaping Machine 1

7. Pillar Drilling Machine 1

Crane, Tractor, Trolley 1 each

Weigh Mart Machine 50 Tonne Capacity 1 No.

11

IV.OUTSTANDING DUES OF THE SECURED LENDER AS ON THE DATE OF 13(2)

NOTICE UNDER SARFAESI

(As on February 29, 2012)

Name of Secured Lender Nature of assistance Amount

(Rs. lakh)

IDBI Bank Ltd. Term Loan & Working Capital 980.62

Total : 980.62

*Dues as on May 01, 2015 is Rs.1802.11 lakh

12

V. TERMS AND CONDITIONS

1 The Authorised Officer (AO) exercising the powers under the Securitisation and

Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 read

with Security Interest (Enforcement) Rules, 2002 (hereinafter referred to as "the

SARFAESI Act") is selling the asset/property mentioned at item No. III of the Bid

Document (hereinafter referred to as the 'Secured Asset') and the same are being sold

free from charges and encumbrances of the secured lender mentioned at item No. IV of

the Bid Document.

2 Issue of Bid/ Offer / Bid Document

The Bid Document along with Offer Form is available from May 09, 2015 to June 08,

2015 on any working day (except Saturday) between 11.00 a.m. to 4.30 p.m. and can be

obtained from the Authorised Officer/ DGM, IDBI Bank Ltd., NPA Management Group,

1st Floor, 102, Shakthi Comfort Towers, K H Road, Bangalore – 560027, by making

payment of non-refundable fee of Rs. 1000/- (Rupees One Thousand only) toward cost

of the bid document by way of crossed a/c payee Demand Draft/Pay Order drawn in

favour of “IDBI Bank Ltd.-A/c Universal Steel Rolling Mills Pvt. Ltd.” payable at

Bangalore issued by any Nationalised Bank/ scheduled Bank.

The bid document can also be downloaded from IDBI website (www.idbi.com) and

www.bankeauctionwizard.com. Those bidder(s) preferring to download the Bid

document shall have to furnish the non refundable fee of Rs. 1000/- as mentioned above,

at the time of submission of the bid along with EMD.

Bidder(s) who have downloaded the bid documents from IDBI website www.idbi.com or

from the website of the e-auction service provider www.bankeauctionwizard.com have

the option to pay Rs. 1000/- (Rupees One Thousand only) towards the cost of the same,

by way of RTGS also. In case, the amount is remitted by way of RTGS (in favour of

IDBI Bank Limited, Bangalore Account no. 0377102000000091, IFSC Code:

IBKL0000377, Branch: Specialised Corporate Branch, Bangalore, bidder must indicate

RTGS UTR No., Amount remitted and date in the appropriate space in the Bid

Form.

3 Reserve Price and Earnest Money Deposit (EMD)

Property at Reserve Price

(Rs.in lakh) Earnest Money Deposit

(EMD) (Rs. in lakh)

Sr. No. 1 - Lot I (Plant & Machinery only)

- Lot II (Land & Building only)

- Lot III (Unit)

137.39 14.00

166.58 17.00

303.97 31.00

http://www.idbi.com/

http://www.bankeauctionwizard.com/


http://www.bankeauctions.com/

13

Sr. No. 2 71.27 8.00

Sr. No. 3 43.20 5.00

Sr. No. 4 14.40 2.00

Sr. No. 5 28.80 3.00

Sr. No. 6 50.88 6.00

4 The sale of Secured Asset is on “As is where is basis”, “As is what is basis”,

“whatever there is basis” and „no recourse basis”. The description of the immovable

properties is based on the mortgages created by the Borrower/ Mortgagors with the

secured lender from time to time and the representations made by them. The description

of movable properties is based on the inventory prepared by the agency appointed by the

AO showing the status as on August 13, 2014. The AO/secured lender does not take or

assume any responsibility for any shortfall of the movable/immovable asset or for

procuring any permission, 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 and would be borne by

the successful bidder. It is expressly made clear that the AO / secured lender do not take

any responsibility to provide information on the same. The AO / Bank does not take or

assume any responsibility for any dues, statutory or otherwise, of Universal Steel

Rolling Mills Pvt. Ltd. including such dues that may affect transfer of the asset in the

name of the purchaser and such dues, if any, will have to be borne/paid by the purchaser.

5 Inspection of Asset

The interested parties may, inspect the property at their own cost and expense, with prior

appointment on May 29, 2015 between 11.00 am to 4.00 pm in the presence of

representative of the Authorised Officer/ Enforcement Agent who 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 Asset including any dues relating to the Secured Asset. A bidder shall be

deemed to have full knowledge of the condition of the asset, 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 Asset to their

entire satisfaction and for the purpose, the Bidder(s) may, in their own interest and at

their own cost, verify the area of the premises and details of movable asset 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 asset/property and that the

14

bidder concurs or otherwise admits the identity of the asset/property purchased by

him/her notwithstanding any discrepancy or variation, by comparison of the description

in the particulars of the asset/property 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 asset and matters incidental thereto or for any other

purpose in connection with purchase of the asset under reference.

9 Submission of Bid

The Bidder shall complete in all respects the Bid form(s) annexed to the Bid 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 Bid. Bids received for sale and / or accepted are not transferable.

The Format for submission of Profile of the bidder(s) are given in Chapter VII & VIII

respectively of this Bid Documents.

The format chapter VII is for Individuals and

The format chapter VIII is Company/Proprietorship/ Partnership firm.

Bidder(s) may fill in only the form relevant to them.

10 The Bid shall be signed by a person or persons duly authorized by the Bidder with the

signature duly attested.

11 The Bid shall contain the full address, Telephone No., Fax No., e-mail-ID, if any, of the

Bidder(s) for serving notices required to be given to the Bidder in connection with the

Bid.

12 The Bid 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 separate Bid Document for each property, duly

filled and signed along with the required documents to the Authorised Officer/ DGM,

IDBI Bank Ltd., NPA Management Group, 1st Floor, 102, Shakthi Comfort Towers, K H

Road, Bangalore – 560027 on any working day but not later than at 5.00 p.m. on June

08, 2015 in two sealed covers with one sealed cover containing a crossed A/c payee

Demand Draft/Pay Order drawn in favour of “IDBI Bank Ltd.-A/c Universal Steel

Rolling Mills Pvt. Ltd.” payable at Bangalore issued by any Nationalised Bank/

scheduled Bank as Earnest Money Deposit (EMD), which shall be subscribed “EMD for

Universal Steel Rolling Mills Pvt. Ltd. – Property No. ___”. The other sealed cover

15

containing the bid Document superscribed “Bid Document – Universal Steel Rolling

Mills Pvt. Ltd. Property No. ___”.

Remittance of EMD by way of RTGS

Bidder(s) who prefers to submit the EMD by way RTGS, may remit the EMD amount

in favour of IDBI Bank Limited, Account No. 0377102000000091, IFSC Code:

IBKL0000377, Branch : Specialised Corporate Branch, Bangalore. Such bidders must

indicate RTGS UTR No., Amount remitted and date in the appropriate space in the

Bid Form.

Bidder(s) who have downloaded the bid documents from IDBI website www.idbi.com or

from the website of the e-auction service provider www.bankeauctionwizard.com have

the option to pay Rs. 1000/- (Rupees One Thousand only) towards the cost of the same,

by way of RTGS also. In case, the amount is remitted by way of RTGS (in favour of

IDBI Bank Limited, Bangalore Account no. 0377102000000091, IFSC Code:

IBKL0000377, Branch: Specialised Corporate Branch, Bangalore, bidder must indicate

RTGS UTR No., Amount remitted and date in the appropriate space in the Bid

Form.

14 The bidder/representative of only the top three bidders in value and 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 will be permitted to participate in the

e-auction. Bank does not take any responsibility and will not entertain any complain 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. Bidder(s), whose forms

are found to be in order together with the EMD / Cost of Bid Document submitted by

them, will be intimated by e-mail and through mobile.



16

15 Registration with E-Auction Service Provider

1. Participants who are not already registered with the e-auction provider

M/s. Antares Systems Limited, should register themselves by following the

procedure mentioned at the website: www.bankeauctionwizard.com.

a. The participants /intending purchasers are necessarily required to submit

following documents / papers for registration to M/s. Antares Systems

Limited.

b. SOI form duly signed & filled up. Please download form from

www.bankeauctionwizard.com.

c. Self attested copy of Pan Card

d. Self Attested valid residential proof (Voter Id card, Passport copy, Ration

card, telephone bill, electric bill - any one)

e. Self attested valid e-mail id and mobile no.

f. Board resolution to participate in auction in case if bidder is a company.

2. The user id and password will be then sent directly to the registered participants /

intending purchasers whose Bid Document is complete in every respect and

whose Demand Draft/Pay Order for EMD is found to be in order and /or

remittance by way of RTGS proceeds is credited into the account indicated well

before the cut-off time and the documents with further directions by the

e- auction provider company, if any, for log in and participating in the auction

through online process.

After receiving the user-id / password, in case any bidder(s) feels the need for training /

e – auction support (voice and web based), such bidder(s) may contact Mr. Manohar V,

Contact No. (mob) +91-9686196756, (tel) +91-080-49352000; e-mail Id:

[email protected]. For other terms and condition, please refer to IDBI

Bank website (www.idbi.com) and (www.bankeauctionwizard.com).

The bank /AO/ e-auction service provider will not be responsible for any error

occurs due to power failure/ computer hardware or software error / network error

etc. at the time of e-auction.



mailto:[email protected]



17

16 Date and Time of e-auction

The e-auction day: June 09, 2015.

The e-auction would be held from 11.00 a.m. to 12.30 p.m. on June 09, 2015 with

unlimited extensions of 5 minute each beyond 12.30 p.m., if required on e-auction

platform at website www.bankeauctionwizard.com. In case no further valid bids received

during the extended period, the last highest bid received would be treated as 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.50,000/-

Increase in bid amount below Rs. 50,000/- will be rejected.

First bid should be of at least equal to Reserve Price or increment (s) over the reserve price

in multiples as above.

17 AO reserves the right to retain the EMD of top three bids upto one month from the date of

e-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 e-auction or till further extension of time as may be approved by the AO.

The EMD of other bids will be returned within 7 days from the date of e-auction.

18 Payment of Sale Price

The successful bidder would be informed in writing about the acceptance of their bid/offer

by the AO and will be required to deposit 25% of the sale price (including EMD) within 3

days from the date of letter intimating acceptance of his/her bid or June 12, 2015 upto

12.00 noon whichever is later by crossed A/c payee demand draft/Pay order drawn in

favour of " IDBI Bank Ltd –A/c Universal Steel Rolling Mills Pvt. Ltd." payable at

Bangalore issued by any Nationalised Bank/Scheduled Bank or by way of RTGS in

favour of IDBI Bank Ltd Account No. 0377102000000091, IFSC Code “IBKL0000377,

branch IDBI Bank Ltd. Specialised Corporate Branch, K H Road, Bangalore.

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 by June 23, 2015

upto 12.00 noon by way of crossed A/c payee demand draft/Pay order drawn in favour of

" IDBI Bank Ltd –A/c. Universal Steel Rolling Mills Pvt. Ltd. " payable at Bangalore

issued by any Nationalised Bank/Scheduled Bank or by way of RTGS in favour of IDBI

Bank Ltd Account No. 0377102000000091, IFSC Code “IBKL0000377, branch IDBI

Bank Ltd. Specialised Corporate Branch, K H Road, Bangalore, or such extended period as


18

may be agreed upon in writing between the successful bidder and AO.

19 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.

20 The defaulting successful bidder shall forfeit all claims to the asset or to any part of the

sum for which it may be subsequently sold.

21 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 asset to the second/third

highest bidder(s) in the above manner, who shall also be treated as the successful bidder.

22 On confirmation of sale and if the terms of payment have been complied with, the AO

exercising the power of sale shall issue Certificate of Sale for the immovable property in

favour of the purchaser as per the format provided in the Security Interest (Enforcement)

Rules, 2002.

23 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 Asset 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 Asset. In case

successful bidder fail to take possession of the secured asset as stated above, the AO

reserves the right to revoke the sale confirmed in his/her favour, forfeit the entire amount

paid by successful bidder and go for re-bidding or sell the secured asset by any of the

modes as prescribed in the SARFAESI Act including sale by negotiation with any of the

bidder and/or other parties by private treaty. In such an event, the original successful

bidder shall have no claims on the secured asset or to any amount/s for which it may be

subsequently sold.

24 The purchaser will be required to bear all the necessary expenses like stamp duty,

registration expenses, etc. for transfer of asset in his/her name. It is expressly stipulated

that there are no implied obligations on the part of the AO or the secured lender 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 asset transferred in his /her/their name. Bank does not take any

responsibility to provide information on the same.

19

25 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.

26 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.

27 General Terms and Conditions

The AO shall be at liberty to amend/modify/delete/drop any of the above conditions as

may be deemed necessary in the light of the facts and circumstances.

28 The entire procedure of e-auction, the sequence of inter-se bidding etc. shall be at the sole

and absolute discretion of the AO and the intending bidders shall have no right whatsoever

to object to the same.

29 The AO reserves the right and liberty to accept/reject any or all the Bids and also reserves

the right to cancel the entire sale process without assigning any reasons. In case all the bids

are rejected or the successful bidder fails to make payments as required in the Bid

Document or withdraws his/her bid, the AO, at her sole and absolute discretion, reserves

the right to go for re-bidding or sell the asset by any of the modes as prescribed in the

SARFAESI Act including sale by negotiation with any of the bidder(s) and/or other parties

by private treaty and the Bidders shall have no right to object to the same.

30 In the event the said sale in favour of the bidder not being confirmed by AO, otherwise

than on account of the willful default of the bidder or if the sale is set aside by an order of

the Court/Tribunal, then in that event the sale shall be void and the bidder shall, in that

event be entitled only to receive back his/her Earnest Money Deposit (EMD) or purchase

money as the case may be, but without interest, and the bidder shall not be entitled to be

paid his costs, charges and expenses of and incidental to the said sale and investigation of

title or any other costs incurred by him/her.

31 Notwithstanding anything stated elsewhere in this Bid Document, the AO reserves the

right to call off the sale process at any point of time without assigning any reasons.

32 Jurisdiction

All disputes arising amongst the parties shall be adjudicated according to Indian Law and

the Courts in Bangalore alone shall have jurisdiction to entertain /adjudicate such disputes.

20

VI. BRIEF DETAILS OF BID DOCUMENT

BID/OFFER FORM FOR PURCHASE OF SECURED

ASSET/PROPERTY OF M/s Universal Steel Rolling Mills Pvt. Ltd.

Located at……………………………………………………….in the State of Karnataka

.

1 Issue of Bid/Offer

Document

The Bid Document can be obtained from the Authorised Officer/

DGM, IDBI Bank Ltd., NPA Management Group, 1st Floor 102,

Shakthi Comfort Towers, K H Road, Bangalore – 560027. By

making payment of non-refundable fee of Rs. 1000/- (Rupees One

Thousand only) toward cost of the bid document by way of

crossed a/c payee Demand Draft/Pay Order drawn in favour of

“IDBI Bank Ltd.-A/c Universal Steel Rolling Mills Pvt. Ltd.”

payable at Bangalore issued by any Nationalised Bank/ scheduled

Bank.

The bid document can also be downloaded from IDBI website

(www.idbi.com) and www.bankeauctionwizard.com. Those

bidders preferring to download the Bid document shall have to

furnish the non refundable fee of Rs. 1000/- as mentioned above,

at the time of submission of the Bid Document.

2 Cost of the

Bid/Offer

Document

Rs. 1000/- (Rupees One Thousand only)

3 Last Date and time

for submission of

Bid Document

together with

EMD

June 08, 2015 up to 05:00 p.m.

4 Place, Date and

time of E-Auction

Place: e-auction platform at website:

www.bankeauctionwizard.com.

Date : June 09, 2015

Time: From 11.00 a.m. to 12.30 p.m. with unlimited extension of

5 minutes each beyond 12.30 p.m., if required.




21

VII. FORMAT FOR SUBMISSION OF

PROFILE OF THE BIDDER-INDIVIDUAL

For purchase of secured asset at……………………………………………… mortgaged by

……………………………………...:

(To be filled and submitted by the Bidder/Offerer)

1 a) Full Name of the bidder

(in Block letters)

b) Complete Postal Address with

PIN Code, Telephone Nos.; Fax

Nos.; website etc.

c) Mobile Nos.;

d) E-mail id:

2 Brief particulars of business

3 Relationship, if any, the Bidder has

with any Employee of IDBI Bank

Ltd

4 Name and particular of the

company/firm/person in whose name

the secured asset/Property are to be

purchased

5 Details of purchase of Bid Document

of Rs. 1000/- mentioning the lot no.

i) Form No.

ii) Demand draft no./ Pay

order

iii) Date of Demand draft no./

Pay order

iv) Name of issuing bank and

Branch

Bidder who have downloaded the Bid Document from IDBI website www.idbi.com and

prefer to remit Rs. 1000/- separately by way RTGS must indicate RTGS UTR No.,

Amount and date.

RTGS UTR No.

Amount remitted

Date

6 Details of Earnest Money

Deposit (EMD)

i) Demand Draft No. / Pay Order No.

ii) Date of Demand Draft /Pay Order

iii) Name of the issuing Bank and

Branch


22

Bidder, who prefers to submit the EMD by way RTGS, must indicate RTGS UTR No.,

Amount remitted and Date.

RTGS UTR No.

Amount remitted

Date

7 Income Tax Permanent Account

Number(s) PAN of Bidder

8 Details of Bid Rs.

*Each and every information and document to be submitted is mandatory.

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.

Signature of the duly authorised official of the Bidder

Name and Designation of the duly authorised Signatory

Place:

Date:

23

VIII. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER

COMPANY/ PARTNERSHIP/ PROPRIETORSHIP

For purchase of secured asset at……………………………………………… mortgaged by

……………………………………...:

(To be filled and submitted by the Bidder/Offerer)

1 a) Name of the Company/ Firm/ Party

(in Block letters)

b) Complete Registered Address

c) Complete Correspondence Address

with PIN Code, Telephone Nos.; Fax

Nos.; website etc.

2 Date of incorporation

3 Constitution (Private/ Public/ Join)

4 Name of Chairman

5 Name of Managing director/ Partner

6 Board of Directors a)

b)

c)

d)

e)

f)

7 Income Tax PAN No.(attested copy of

PAN card of company to be attached)

8 Date of Last Income tax Return

(Enclose copy of last 3 years’ Income

Tax clearance certificate)

9 a) Full Name of authorized person to

carry out e-auction on behalf of the

Company/ Firm/Party (in Block letters)

(Original authorized letter to be

attached to carry out the e-auction

process)

b) Complete Postal Address of the

Authorised person with

PIN Code, Telephone Nos;

Fax No.; website etc.

c) Mobile No.

d) Email ID

10 Designation of authorized Person

11 Relationship , if any, the Bidder has

with any employee of IDBI bank ltd.

12 Details of purchase of Bid Document of

Rs. 1000/-

24

i) Form No.

ii) Demand draft no./ Pay order

iii) Date of Demand draft no./ Pay

order

iv) Name of issuing bank and Branch

Bidder who have downloaded the Bid Document from IDBI website www.idbi.com and

prefer to remit Rs. 1000/- separately by way RTGS must indicate RTGS UTR No.,

Amount and date.

RTGS UTR No.

Amount remitted

Date

13 Details of Earnest Money Deposit

(EMD)

i) Demand Draft No. / Pay Order No.

ii) Date of Demand Draft /Pay Order

iii) Name of the issuing Bank and

Branch

14 Details of Bid Rs.

*Each and every information and document to be submitted is mandatory.

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.

Signature

Name of the Authorised Person

Designation:

Company Seal

All authorization should be annexed of this form.


25

IX. FORM OF APPENDIX TO THE BID

(DECLARATION BY THE BIDDER)

(ON THE STAMP PAPER OF RS. 100/-)

FORM OF BID

(Note: This Appendix forms part of the Bid)

To,

The Authorised Officer,

IDBI Bank Ltd.,

NPA Management Group

1st Floor, 102, Shakthi Comfort Tower,

K. H Road, Bangalore,

Karnataka 560027

Sir,

Sale of secured property of ……………………………………………., located at

…………………………………………………………….in the State of Karnataka

1 Having fully examined and understood the terms and conditions of the Bid Document and

condition and status of the Secured Asset/property, I/We offer to purchase the said Secured

Asset strictly in conformity with the terms and conditions of this Bid/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 Bid/Offer and acquire the

Secured Asset/property. Should I/We fail to execute and perform the terms and conditions

when called upon to do so, the Earnest Money Deposit (EMD) shall be forfeited.

I/We further understand that if my/our Bid/Offer is accepted, should I/we fail to deposit the

balance amount of 75% of the sale consideration (after having paid 25% of the sale

consideration) by the stipulated date, the said amount of 25% of the sale consideration

(including Earnest Money Deposit) or any further amount/s paid by me/us shall also be

forfeited, as laid down in the terms and conditions of the Bid Document.

I/We further understand that if my/our Bid/Offer is accepted, after making full payment of

the sale price within 15 days of acceptance of bid/offer or such extended period as may be

granted by the AO at her sole and absolute discretion, I/we shall arrange to take possession of

the secured asset 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 asset. We further understand that in the event I/We fail to take

26

possession of the Secured Asset 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 asset or to any amount/s for which it may be subsequently sold.

3 I/We clearly understand and accept that the Authorised Officer or the secured lender do not

take or assume any responsibility for any dues, statutory or otherwise, of Universal Steel

Rolling Mills Pvt. Ltd. including such dues that may affect transfer of the asset in the name

of the purchaser and such dues, if any, will have to be borne/paid by me/us in case my/our

Bid/offer is accepted.

4 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 sells the property by any of the modes prescribed in the SARFAESI Act

including sale by negotiation with any of the bidders and/or other parties by private treaty.

5 I/We understand that time is the essence for completing the acquisition formalities of the

property and I/we agree and undertake to abide by it.

6 I/We also enclose a Demand draft/Pay order of value Rs…….. lakh (Rupees

…………………………………… only) towards Earnest Money Deposit (EMD) in the

name of “IDBI Bank Ltd. - A/c Universal Steel Rolling Mills Pvt. Ltd. payable at Bangalore.

Or

I/We have remitted Rs…….. lakh (Rupees ………………………………………… only)

towards earnest money Deposit (EMD) in the name of “IDBI Bank Ltd by way of RTGS

amount in favour of IDBI Bank Limited, A/c no. 0377102000000091, IFSC Code:

IBKL0000377, Branch : Specialised Corporate Branch, Bangalore.

7. We understand that the EMD will not carry any interest.

8. We understand that the Bid should be unconditional and Bid/Offer having conditions

contrary to the terms and conditions of the Bid/Offer document can be summarily rejected.

Place:

Date…_____day of ________2015

Signature………………………………………….in the capacity of ………………………...

Duly authorized to sign Bid and on behalf of…………………………………………………

27

(Name and address Bidder)

(IN BLOCK CAPITALS)

WITNESS :

Signature : …………………..

Name & Address : ……………………

Occupation : …………………… ………………