ALLAHABAD BANKHead Office: 2 N.S. Road. KOLKATA-700001

All Asset Reconstruction Companies (ARCs)NBFGs/Fls etc

SALE OF FINANCIAL ASSETS ON CASH &/ OR CASH CUM SR BASTS

Date: 13.11.2017

Dear Sir/Madam,

The Bank proposes to sell/ assign si)dy one non-performing assets as per list enclosed to ARCS/NBFC/F|S etcon Cash/ Cash cum Security Receipt basis on the terms and conditions detailed below.Terms and conditiona:

1. Offers/ bids will be invited from the ARCs/NBFCs/Fls etc. ior single asseUbaskeUportfolio basis and onCash or Cash cum Security Receipt basis. The Bidding will be held on e-auction platform aftercompletion of due diligence as per schedule given below. The detailed information/ scanned documentsof participating bidders/ authorised person will be sought after receipt of Expression of lnterest (EOl) asper requirement.

2. Security Receipt will have pari-passu redemption.3. Tenure of SR shall not exceed 5 years. Extension of tenure is subject to RBI guidelines.4. ARCS shall invest a minimum of 15% (or as prescribed/ changed by RBI up to the date of submission of

the Bids) of SRs on ongoing basis till the redemption of all SRs issued. lf more than one ARC offer sameamount of SR then preference will be given to that ARC which will offer higher cash component.

5. The management fees shall be calculated as maximum annual fee ol 2.OOo/o on the Net Asset Value(NAV) at the lower end of the range of the NAV specified by the Credit Rating Agency (CRA), providedthe same is not more than the acquisition value of the underlying asset & it is payable till the NAV ispositive. However, management fees are to be reckoned as maximum annual fee on the actualoutstanding value of SRs, before the availability of NAV of SRs. Taxes payable on such fee, if any,would accrue to the Trustee on a quarterly basis. The same shall be payable out of the Trust fundforthwith upon any recovery or realization of the financial asset forming a part of the Trust Fund.Realization & appropriation of Management Fee will be governed by the guidelines issued by RBI fromtime to time.

6. The lncentive on cash value of SR redeemed will be given to ARCs, if recovery is made within period of5 years, at the following rate:a) 1"t & 2no vear - 5o/o

bj 3d & 4th'year - 4o/o

c) 5u year - 3olo & after that-Nil7. Excess recovery/ upside over & above the value of the SRs shall be shared by the Bank & ARC on not

less than 80:20 basis for assets assigned on 15:85 cash cum SR basis and 40:60 basis, if assetsassigned on 51:49 cash cum SR basis. ARCS will have to provide on quarterly basis, a report on thevalue realized from each assev basket in Bank's prescribed format.

8. ln accordance with RBI guidelines the first right of refusal will be offered to the ARC which has alreadyacquired the highest & at the same time a significant share (25-30%) of the asset, for acquiring the assetby matching highest bid. lf any ARCs have a significant share in any account, they are requested toinfom in writing giving details of assets taken over at least one day before the Bidding date.

9. Expenses incurred after acquisition of assetrs on the formation of the trusts, stamp duty, registration, etc.which are recoverable from the trust, should be reversed, if these expenses are not realized within 180days from the planning period. Realization & appropriation of post acquisition cost will be governed bythe guidelines issued by RBI from time to time.

'10. All sales shall be 'without recounse' to the Bank. ln the event of non-realization of amount out ofsecured assets, the bank will not be liable to refund anything in part or full.

1 1. The sale is on "As is where is basis", therefore site visitrs are not envisaged.12. For taking part in the bidding process. ARCs/NBFC/F|s etc. are advised to authorise one Person/

representative and an alternate person/ representative to participate in the e-bidding process. However,it may be noted that only one authorised person will be allowed to participate in the e-bidding process.

13. The reserve price of the assets put on sale will be disclosed as per guidelines of RBl. lf the highest bidrecelved is above the Reserve Price and a minimum of 50 per cent of sale proceeds is in cash, and alsofulfils the other conditions specified in this offer lefter, acceptance of that bid would be mandatory.

14. The Bids submifted by ARCs /NBFC/Fls etc should be unconditional, irrevocable & binding in all respect.ARCs /NBFC/F|s etc cannot withdraw the bid once submitted to bank & successful bidder (ARCS/NBFC/F|s etc) has to complete the transaction related to sale of the accounts where they are declaredsuccessful bidder in the time bound program as notified in the schedule.

15. Under no circumstances successful bidder can refuse to complete the transaction citing any reason ordefecty objection in any account. If they do so, the mafter will be reported to RBI & the ARC associationfor taking necessary action.

16. The Bank reserves the right to withdraw any account from the sale process or reject andt or cancel ordefer the entire sale process of the non-performing assets without assigning any reason.

17 Bank shall not be liable for any of the above actions & shall be under no obligation to inform the Biddetof the same.18. Upon any revocation of the.Trust (other than any revocation of the Trust on account of adverse taxconsequences) or upon any termination of the Trust by security neceipt iolG oi u-pln appointment ot

?nyjersojr other than purchasing ARc as the Trusteq breakale """i

!i " "p""in"jIJie

ot ttre value otthe Trust Fund as determined for the purpose of the most recen-t dechEii"" [i 1inV siatt oe payable to_ ^ the Trustee. Breakage/ termination cost will be given at maximum 1 %.19' The reimbursable cost and expenses incuned,

-defrayed and paid by the Trustee shall be a liability of theTrust recoverable by the.Trustee alongwith interest Lt a speiified rate p"rinnm on lie neimoursaotecosts and Expenses outstanding from time to time for the period co,irmencing i;m ihe oate of theirincurrence, defrayar or payment as the case may be and

"nding on th" d;i" oi"rt, i"irfrrser"nt t o,the Trust Fund to the Truslee. The rate of interest payable on i"iruuo"ur" *"i-an-j'expenses wi1 nemaximum at 15 %. However preference will ne given t5 ttrose nnCs wrro wiii qr"-t" rJ*J,. rate of interest

in their bid.20 lf any guidelines are changed by RBI during the sale process or before completion of transaction, thesame will be binding on the successful bidder.21. The cut- off d ate is 01.12.2017, which is thedateof end ofdue dirigence process.22. The Balance outstanding. as.on. cut-off date will be provided on tne nex-t wo*ii;-J;1". 02.12.2017 .23. The sale/ assignment of NPAs by the Bank is subjdct to the Termi a conoiiioni

""ieLited in the offerdocuments/notification. Bank reserves the right to add/ modityloerete any oi irre ieiiJllonoitions at itssole discretion.

24. lt is to be noted that no other terms & conditions other than those mentioned in this document ,are acceptable to the Bark; even_though they may be mention"a in inv on"i'oocumentsffrustDocument to be submitted by ARCs /NBFc/Fis eic to the Bank at tttti time' Jiransaction orexecution of the document. rn tlis regard, ARCs /NBFc/Fis etc may gei

"ppi"r"j their draft ofAssignment Agreement (as per IBA approved format), offer oocr.tn-t, ed[.ioi"h"no from theBank.Accordingly, the interested ARcs /NBFc/Fis etc who are permitted by Reserve Bank of lndia to buy such assetsare invited to submit their Eol and participate in the E-bidding process as mentioned in the time schedule givenbelow at sl. No'9". Other guidelines are furnished below:

3) Sale proless will be as per the guidellnes adopted by our Bank.b) A 'Non-Disclosure Agreement'(NDA) is to 6e executed on non-judicial stamp paper of Rs. 1oo!, and

submitted to Shri Sanjay. Kumar.Agrawal, Chief Manager (Recov6ry1, atarrioio'e5nl, i"uo office, .2,N.s. Road, Korkata-700 . 001, before initiating due

-dirigjence. sijanneJ ;;p;gs-;;i by emair areacceptable; however hard copies are to be sent afterwards. The NDA will be valid ioi t yi:ar trom tnedate of execution. After receiving NDA & request from ARCs, tne sot copiei oi tn6 ereminary

lnformation Memorandums (PlMs) and reserve price of the assets put on sate ilitt1e provioea throughemail on the addresses provided by them to us. ARcs/NBFc/Fls eic are iequireo toJrlinisn tneir emailaddresses & details of the contacl.person for correspondence for obtaining sdft

"opii" oi'plM through e-

mail. ARCS who have submitted NDA already during last sale process otiune.tifielt,ii quarter, -neea

not to submit the NDA again.c) The brief of the assets offered for sale/ assignment will be mentioned in respective preliminary

lnformation Memorandums (plMs).d) lnformation in the PIM has_ been given only with a view to have an overview of the asset put on sale.

Maximum care is taken for providing information in the PIM; however, nnCs lttaic/Fis etc arerequested to collect all the inform€tion in respect of any NPA account from tie records avaitabte with theBank. Deriving and /or colleclt'ng and /or assorting relevant data ana inioimition- shal be theresponsibility of the prospective Bidders.

e) Photocopies of important correspondences/ documents related to the assets for sale will be available atthe.Data Room for perusal ofthe representative of ARCs/N_BF,Cs/Fls etc.

""rrvlng ort itr""oue Dillgence

during working hours on all working days, in between 15.11.2017 to ol.lz.zoli. ioiany query in tnisregild ARc may contact sri B B Mohanty, cM, at Data Room or shri sanjay xumaialrawai, ctu anodal offlcer, at Head Office.0 The Data Room wlll be located at the premises of our FGMO, Mumbai. The address of the Data Room,

& details of contact person are given below:

Address Contact Person Telephone No.Allahabad Bank,Field General Manager's Office3'd Floor, Plot No.3 S-,37t3gMumbai Samachar MargNear Bombay Stock Exchange, FortM U M BAI -400023, Maharashtra

Sri B B Mohanty,Chief Manager

Mob:08291190214La n d line-022-2202-009 4

/schedDate Particulars

13t11t2017 NotificationofSaleProcesstoARCs/NBFC/Ftson Website

14t11t2017 Last date of submission of Expression of lnterest (EOl)15t11t2017 Commencement

MumbaiDue Diligence (DD) Process by ARCs at Data Room,of

01t12t2017 End of DD process & Cut Off Date0211212017 lntimation to ARCs/NBFC/Fls etc. regarding

proposed accounts for sale as on Cut Off datethe balance outstanding ln

04t12t2017 E Bidding/Auction from 11.00 AM tominutes in assets where bids areavailable bidding time.

1.00 PM with automatic extensions byreceived during the last 10 minutes

10of

Very next meeting ofMCBOD

Approval by Competent Authority

Within { day of approval communication of approval of the Bid to successfur bidder.After getting the saleapproval at earliest

Deposit of bid amount by ARC

Any date mutuallyagreed between ARG &Bank but not later than

20t12t2017

Signing of Assignment Agreement and other Oocurnents retating to sale/assignment of Assets.

Within 45 days ofsigning of the

Assignment Agreement

ARCs/NBFC/Fls etc. may complete all the formalities retating to sale processincluding takeover of the relative correspondence, other legal documents andthe available details of the suit filed accounts from the concerned branches at a4nutually convenient time and place.

Our e-mail address for correspondence relating to the proposed asset sale/ assignment is:arcsa le. ho recove rv@a I la h a bad ba n k. i n

For further queries, interested ARCs/NBFc/Fls etc. may contact Shricontact no.+919674997255) at Recovery Department, Head Office, 2,

Encl: 1. List of accounts put on sale- Annex-l2. Draft copy of Assignment Agreement (lBA Approved) - Annex-ll3. Format of NDA- Annex-lll

Sanjay Kumar Agrawal (Chief Manager) (N S Road, Kolkata 700 001.

Yours faithfully

List of NPA A/cs ldentified for sale durine Dec'17 ouarter

Rs. !n Cr

v

\:

SL FGM ZONE BRANCH NAME CUSTOMER.NAME O/S Balance

as on 30.09.17

L BHOPAL BHOPAL BHOPAL-T.T.NAGAR MAA FORMULATIONS PVT LTD 2.642 BHOPAL BHOPAL INDORE REVATI CEMENTS PRIVATE LIMITED 1.6.4C3 BHOPAL RAIPUR BILASPUR-LINK ROAD SHRI PRIYADARSHI PADDY PARBOILING 2.O74 HYDERABAD BHUBANESWAR ROURKELA SCAN ENERGY AND POWFR I IMITFN 69.305 HYDERABAD HYDERABAD HIMAYATH NAGAR PROGRESSIVE CONSTRUCTIONq I TT) 60.296 HYDERABAD CHENNAI IFB-CHENNAI SURANA INDUSTRIES LIMITED 97.827 HYDERABAD CHENNAI TIRUPUR DHARANITEXTILES P LTD 71.978 KOLKATA MIDNAPORE MIDNAPORE BRANCH HRISHIKESH AGRO MTJLTITRADF P\/T ITN 2.3C9 KOLKATA KOLKATA (M) ARMB, KOLKATA KAAISER OILS PRIVATE LIMITED 47.89

10 KOLKATA KOLKATA (M) IFB-KOLKATA BAKEFRESH BISCUITS PRIVATE LIM ITED 15.2077 KOLKATA KOLKATA (M) KOLKATA SME FINANCE KHAITAN ELECTRICALS LIMITED 101.7072 KOLKATA KOLKATA (M) ARMB, KOLKATA ADITI RICE MILLS PRIVATE LIMITED 15.9413 KOLKATA KOLKATA (M) ARMB, KOLKATA ADITI LOGISTICS PW LTD 2.40L4 KOLKATA KOLKATA (M) IFB-KOLKATA ASCON AGRO PRODUCTS LIMITED 5.3515 KOLKATA KOLKATA URBAN C.R.AVENUE KHERIA AUTOCOMP LTD 25.5!16 LUCKNOW KANPUR JILA PARISHAD,ORAI MAA GANGA COLD STORAGE & AGRO INDUSTRIES 5.3917 LUCKNOW MEERUT M.D.A., MEERUT GARIMA STEEL PVT LTD 2.8018 LUCKNOW MEERUT MEERUT.CANTONMENT KANAKDHARA FERTILIZERS PVT LTD 6.2119 LUCKNOW MEERUT MUZAFFARNAGAR SHREE SHANTINATH BUILDWELL PW LTD 8.0420 MUMBAI AHMEDABAD BARODA-RAJMAHAL RD KANERIA GRANITO LTD. 77.8021 MUMBAI AHMEDABAD GANDHIDHAM SHREE GANESH EXIM 1.0122 MUMBAI AHMEDABAD S P NAGAR BRANCH ALPHA NIPPON INNOVATIVES LIMITED 58.8423 MUMBAI MUMBAI ARMB, MUMBAI SAI ANSH GOLD HOUSE P LTD 28.3724 MUMBAI MUMBAI ARMB, MUMBAI SHUBHANKAR MERCANTILE PW LTD L5.7725 MUMBAI NAGPUR SME FINANCE BRANCH MOHAN TYRE 2.3025 MUMBAI MUMBAI MUMBAI-ANDHERI EAST SUMEET APPLIANCES PVT LTD. L.0727 MUMBAI MUMBAI JUHU VILE PARLE PADMANABHA AUTO WEAVERS 0.8928 MUMBAI MUMBAI ARMB, MUMBAI CHANDRA PROTECO LTD. 101.4029 MUMBAI MUMBAI IFB,MUMBAI SEVEN HI LLS HEALTHCARE LTD 61.8730 NEW DELHI AMRITSAR AMRITSAR FATEH EDUCATIONAL SOCIETY 8.7e31 NEW DELHI CHANDIGARH SAFIDON MILLENNIUM HATCHERIES 1.2432 NEW DELHI CHANDIGARH SAFIDON ASIAN HATCHERY t.4233 NEW DELHI

NEW DELHI

CHANDIGARH NARWANA RAMESHWAR & CO. 3.2734 LUDHIANA IB.LUDHIANA SHIVA TEXFABS LTD 100.3335 NEW DELHI LUDHIANA IB-LUDHIANA KHANNA EXIM PVT LTD 13.7535 NEW DELHI LUDHIANA IB-LUDHIANA KTNGFTSHER TNDUSTRTES (P) LTD 74.2737 NEW DELHI LUDHIANA IB-LUDHIANA KASHMIR APIARIES PVT LTD 73.9238 NEW DELHI LUDHIANA IB-LUDHIANA KASH MI R APARI ES EXPORTS 9.5139 NEW DELHI LUDHIANA IB-LUDHIANA LITTLEBEE IMPEX 7.4540 NEW DELHI

NEW DELHI

LUDHIANA

LUDHIANA

LUDHIANA-LINK ROAD

IB-LUDHIANA

JAGJIT SINGH KAPOOR

SHIVA IRON MFG CO PVT LTD6.67

4726.72

42 NEW DELHI LUDHIANA IB-LUDHIANA SHIVA TEX PACKAGING 4.6643 NEW DELHI LUDHIANA IB.LUDHIANA SHIVA TEX CONES 2.5744 NEW DELHI

NEW DELHI

LUDHIANA IB-LUDHIANA SHIVA CORES 1.1345 LUDHIANA IB-LUDHIANA ILK IMPEX LIMITED 6.4746 NEW DELHI LUDHIANA LINK RD ASHWANI KUMAR & OTHER 0.3s47 NEW DELHI LUDHIANA LUDHIANA SME FINANCE STAR OVERSEAS 1.3148 NEW DELHI LUDHIANA LUDHIANA-LINK ROAD OMNI WHEELS PRIVATE LIMITED 2.4949 NEW DELHI LUDHIANA SANGRUR AMARINDER SINGH 1.0350 NEW DELHI DELHI-NCR FARIDABAD OLD PRESTOREX INTERNATIONAL 5.2051 NEW DELHI DELHI-NCR FARIDABAD BLUE PRIME ALUMINIUM LIMITED 20.8652 NEW DELHI DELHI-NCR BASUNDHARA FUTURE TAP SANITATION 2.9753 NEW DELHI JAIPUR JAIPUR HARIUGAM ENTERPRISES 3.7454 NEW DELHI NEW DELHI ARMB, NEW DELHI STERLING ENGINEERS 3.1555 NEW DELHI NEW DELHI ARMB, NEW DELHI ,AY POLYCHEM INDIA LIMITED 170.1255 NEW DELHI NEW DELHI ARMB, NEW DELHI S.D.INFOSYS 3.O757 NEW DELHI NEW DELHI ARMB, NEW DELHI SEMENTIC INFO. AND TECH. PW LTD 2.0358 NEW DELHI NEW DELHI ARMB, NEW DELHI RELIABLE MARKETING 7.2759 RANCHI RANCHI ARMB RANCHI BIMALDEEP STEEL PW LTD 19.5150 RANCHI RANCHI ARMB RANCHI BALAJI BRICKS UDYOG 1.0661 RANCHI RANCHI ARMB RANCHI HEMANT KUMAR 1.06