IDBI Bank Ltd Specialized Corporate Branch, Recovery Vertical, 4th ...

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IDBI Bank Ltd
Specialized Corporate Branch,
Recovery Vertical, 4 th Floor,
IDBI House, 44, Shakespeare Sarani,
Kolkata – 700017.
Tel No:03366338824 / 03366338848
PUBLIC NOTICE FOR SALE
Under the terms of the Securitisation and Reconstruction of the Financial Assets and
Enforcement of Security Act, 2002
The Authorized Officer (AO) of IDBI Bank Ltd. (IDBI) invites Bids/Offers in sealed covers
for sale of the following properties of Rourkela Paints & Chemicals 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 on January 17, 2013.
1. Brief Description of Properties
All that piece & parcel of land appertaining to Revenue Plot No.163(P) corresponding to
IDCO Shed No.B/10, Revenue Khata No.6, Mouza – Sanbrahmanitaranga comprising an
area of Ac.0.509 in IDCO’s Industrial Estate Kalunga under villiage limits
Sanbrahmanitaranga & Jhartaranga, Tahasil – Kuarmunda, Dist. – Sundargarh in Odisha
bounded as follows:
North : IDCO Shed
South : Road
East : Road
West : IDCO Shed
2. The details of the outstanding dues of IDBI as on March 31, 2012are as under:
Nature of assistance
Amount (Rs. In
lakh)
Cash Credit Loan 134.50
TOTAL 134.50
3. The sale of the secured assets is proposed to be made as under:
Details of Property Reserve
Price
Date of
a.Location – situate
at IDCO Shed No.B-
10, under IDCO’s
Kalunga Industrial
Estate, Village limits
Sanbrahmanitaranga
& Jhartaranga,
Tahasil –
Kuarmunda, Dist. –
Sundargarh in
Odisha.
b.Area (in sq. ft)
22,172.04
Rs.124.18
lakh
Earnest
Money
Deposit
(EMD)
Rs.12
lakh
Inspection
and
Collection
of Bid
Form
February
12 to
March 14,
2013
(Between
11.00 a.m
to 3.00
p.m.)
Last Date
for
Submission
of Sealed
Bids
March 14,
2013 up to
3.00 p.m.
Date and
Place of
Opening of
Bids
March 14,
2013 at 3.30
p.m.
IDBI Bank,
Rourkela
Branch, Dua
Complex,
Panposh
Road,
Rourkela, Pin
– 769004,
Odisha.

Terms and Conditions:
1. Intending bidders may arrange to obtain bid forms (Form 1 & Form 2) from IDBI
Bank at Rourkela Branch, Dua Complex, Panposh Road, Rourkela, Pin-769004,
Odisha or download the same from our website www.idbi.com and bids should be
submitted in same formats only on date and time mentioned above.
2. The bidders should submit intention to bid by duly filling Form-1 alongwith self
attested copy of acceptable identity proof and address proof mentioned in the form.
Besides, the bidders should also submit EMD with Form-1. Quotations should be
submitted by filling Form-2 in sealed/closed envelope.
3. EMD should be paid by demand draft/pay order drawn in favour of IDBI Bank Ltd &
payable at Rourkela. EMD amount is refundable to unsuccessful bidders; however
any claim of interest for time taken in refund will not be entertained.
4. Bid below the reserve price will not be accepted. Bids without EMD/ with EMD
lower than the EMD amount stipulated will not be accepted.
5. Property will be sold to bidder quoting highest amount.
6. Inter-se bidding amongst all the eligible bidders may be conducted at the venue at the
sole discretion of the Authorized Officer.
7. Bank will retain the EMD amount of the highest bidder and the same would be
treated as part of the amount payable.
8. 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 deposited) immediately by Demand Draft/Pay Order drawn in
favour of "IDBI Bank Ltd." payable at Rourkela. The balance amount of the sale
price shall have to be paid within 15 days of acceptance of the bid. In case of failure
to make payment as above, the entire deposited amount /including EMD shall be
forfeited.
9. The defaulting bidder shall forfeit all claims to the assets or to any part of the sum for
which it may be subsequently sold.
10. Property being sold is on “As is Where is”, “As is What is & whatever there is and
without recourse Basis”. 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. Bank
does not take any responsibility to provide information on the same.
11. Offers received for sale and /or accepted are not transferable.
12. Successful bidders will have to bear all cost, charges and expenses in connection with
registration of sale certificate including Stamp duty, registration fee, incidental
charges etc.
13. Bidders shall carry his /her original identity proof mentioned in the Form-1 with him
/her at the time of coming to the venue.
14. Bank retains the right to restrain any person except the bidder from entering the
venue.
15. The Authorized Officer reserves the right to reject / accept any or all bids, and to
postpone / cancel any offer without assigning any reasons. In case all the bids are
rejected, the AO reserves the right to sell the Secured Assets by any of the modes
prescribed in the SARFAESI Act.
16. Any dispute regarding the matter would be under jurisdiction of courts in Odisha
only.
17. The borrower /Guarantors are hereby given notice to pay the sum mentioned as
above inclusive of interest before the date of open public auction failing which
property will be auctioned and remaining balance if any with interest will be
recovered from them. Borrower / Guarantor may also bring the prospective buyer to
participate in the process of sale as per terms and condition mentioned above.
Place : Kolkata
Date : February 10, 2013
Authorised Officer
IDBI Bank Ltd