APPENDIX-IV-A [See Provison to rule 8(6)]E-Auction Sale Notice for sale of Immovable Asset s under the Securitization and Reconstruction of Financial Asset s and Enforcement of

Security Interest Act, 2002 read with provison to Rule 8(6) of the Security Interest (Enforcement) Rules, 2002.Notice is hereby given to the public in general and in particular to Borrower(s) and Guarantor(s) as mentioned below. The below described immovable propertiesmortgaged/charged to IDBI Bank (Secured creditor), the constructive/physical (Whichever is applicable) possession of which has been taken by the AuthorizedOfficer of IDBI Bank (secured Creditor), will be sold on "as is where is", “as is what is", "Whatever there is", "without recourse" and "no complaintbasis" on for recovery of amounts due to IDBI Bank from the Borrowers, Mortgagors and Guarantors as mentioned below. The reserve prices and earnestmoney deposits will be as mentioned below. The sale will be done by the undersigned through e-Auction platform provided at the website : http s://bankauctions.in

Retail Asset s Centre,Siripuram,

Visakhap atnam-530003

PUBLIC NOTICE FOR E-AUCTION

SALE OF IMMOVABLE PROPERTIES

Name of the Borrower(s) : 1) Smt Saroja Kumari Ravi, 2) Sri Sreenu Alamanda, D.No.1-2, J.P. Agraharam, Mangala Palli Post, MunagapakaMandal, Visakhapatnam-531 027. Also at : MPE School, JP Agraharam Village,“Munagapaka Mandal, Visakhapatnam-531033. Also at : Plot No 69Part And 70 Part, Desapatrunipalem Village, Parawada Mandal, Visakhapatnam-531021. A/c No:031675100005982. Demand Notice Date : 07-07-2010,“Possession Date: 27-10-201 1, Outstanding Amount : Rs.1 1,90,103/- (Rupees Eleven Lakh Ninety Thousand One Hundred and Three only)as on 10-06-2010 together with interest w. e. f. 11-06-2010 and other expenses,“costs, charges thereon. Property Det ails: Schedule of the property:All that site is measuring 64.21 Sq. Yds or equivalent to 53.69 Sq. Mts being undivided and unspecified share out of the total extent of 128.42 Sq. Ydsbearing Plot Nos.69 Part and 70 Part, together with constructed Residential First Floor House of 1000 Sft. in covered under Survey No. 188/3B2 inDESAPATRUNIPALEM Revenue Village, with in the Greater Visakha Municipal Corporation limits, in the Mandal of Parawada, in the RegistrationDistrict of Anakapalli and the Sub-District of Lankelapalem belongs to Smt.Saroja Kumari Ravi, bounded & measured as follow: Boundaries &Measurement s: East : Site belongs to Sri GLN Reddy, 31.6" Feet or 9.62 Mts, South : Plot No.70 Part site, 34.8" Feet or 10.62 Mts, West : 40' wideroad, 31.6" Feet or 9.62 Mts, North : Plot No. 69 Part site, 39.10" Feet or 11.92 Mts.,

Reserve Price: Rs.10,96,389/- EMD: Rs.1,09,639/- Bid Increase Amount: Rs.10,000/-

Name of the Borrower(s): 1) Sri Prabhakar Nava Bandrap alli, 2) Smt.Nirmala Bandrap alli, W/o Sri Prabhakar Nava Bandrapalli, D.No.12-3-23,Sarada Colony, Behind MRO Office, Anakapalli, Visakhapatnam District-531001. Also at: Head Master, Municipal Elimentary School, Kotniveedhi, Anakapalli,Visakhapatnam District-531001. Also at: Plot No.69 part and 70 part, Desapatrunipalem Village, Parawada Mandal, Visakhapatnam District-531021.Demand Notice Date: 03.06.2010, Possession Date: 27.10.201 1, Outstanding Amount: Rs.1 1,96,179/- (Rupees Eleven Lakh Ninety Six ThousandOne Hundred and Seventy Nine only) towards the outstanding““dues in respect of the Loan Account No.031675100005999 as on 10.05.2010 plusApplicable Interest thereon w.e.f 11.05.2010 plus Incidental Expenses, charges and costs thereon (less further payments made if any) Property Det ails:Schedule of the property : All that site is measuring 64.21 Sq. Yds or equivalent to 53.69 Sq. Mts being undivided and unspecified share out of the totalextent of 128.42 Sq. Yds bearing Plot Nos. 69 Part and 70 Part, together with constructed residential Ground Floor House of 1000 Sft. in covered underSurvey No.188/3B2 in DESAPATRUNIPALEM Revenue Village, with in the Greater Visakha Municipal Corporation limits, in the Mandal of Parawada, inthe Registration District of Anakapalli and the Sub-District of Lankelapalem belongs to Sri Prabhakar Nava Bandrapalli and bounded & measured as follow:Boundaries: East: Site belongs to Sri GLN Reddy, South: Plot No.70 Part site, West: 40' Wide Road, North: Plot No.69 Part. Measurement s: East:31.6" Feet or 9.62 Mts, South: 34.8" Feet or 10.62 Mts, West : 31.6" Feet or 9.62 Mts, North : 39.10" Feet or 1 1.92 Mts.

Reserve Price: Rs.10,96,389/- EMD: Rs.1,09,639/- Bid Increase Amount: Rs.10,000/-Date and T ime of E-Auction: 09-07-2020, 1 1.30 AM to 12.30 PM

TERMS AND CONDITIONS : (1) The auction will be conducted through the Bank’s approved service provider M/s 4 closure, at the web portal http s://bankauctions.in E-Auction Tender Document containing online e-auction Bid form, Declaration,General Terms and Conditions of online auction sale areavailable in website http s://bankauctions.in, http s://idbibank.co.in or for any other assistance Email to basina.santhosh@idbi.co.in and Ph: 0891-2871940/41, info@bankauctions.in, subbarao@bankauctions.in and manoj@bankauctions.in, cont act Mr.U.Subbarao, Ph:8142000061 & Mr .Manoj,Ph: 9154074420, Land line: 040-23836405. (2) Only bidders holding valid User ID / Password and confirmed deposit of EMD Amount by way of DD / PayOrder favouring “IDBI Bank Limited” payable at Visakhapatnam or by way of RTGS in favour of IDBI Bank Lt d., Account No.81637000010052, IFSC:IBKL0000031, Branch: IDBI Bank Lt d., Retail Asset Centre, V isakhap atnam shall be eligible for participating in the e-Auction process. (3) The EarnestMoney Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded.The Earnest Money Deposit shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price on the same day of the auction byadjusting the EMD already paid, upon the acceptance of bid price by the Authorized Officer, the balance 75% of the sale price to be paid on or before 15thday of sale or within such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. The EMD and all the moneydeposited till such time shall be liable for forfeiture without any prior notice, if the successful bidder fails to adhere to the Terms & conditions of Auction Saleor commit any default in any manner. The defaulting bidder shall forfeit all claims to the assets or to any part of the sum for which it may be subsequently sold.(4) Sale will be subject to confirmation by the Secured Creditor. (5) On receipt of entire Auction Sale proceeds from the Successful Bidder, the AuthorizedOfficer will be issuing Sale Certificate as per the provisions of the Act. On issuance of Sale Certificate, the Auction Sale Process will be completed and theAuthorized Officer is not responsible for registration of Sale Certificate. It is the responsibility of the Successful Bidder to get the Sale Certificate registered,if required by him/her. (6) The successful bidder shall bear all Stamp Duty, Registration Fee, incidental expenses etc., for getting the Sale certificateRegistered, if required by him/her. The successful bidder shall also bear all Statutory Dues / Taxes /Charges or fees, if any, applicable as per Law and IncomeTax Laws and also all dues pending like Electricity Charges, Water Charges, Maintenance Charges and for other services provided, if any. The bidders arehereby advised to make their own enquires as regards to properties and any pending statutory dues/taxes, charges, fees, electricity charges, maintenancecharges, etc. in respect of the above property. (7) The Authorized Officer has absolute right to accept or reject the tender or bid, any or all the offers and hasright to cancel or adjourn or postpone the auction without assigning any reason and also to modify any terms and conditions of this sale, without any priornotice. (8) The above properties will be sold in “as is where is”, “as is what is”, “Whatever there is” “no recourse” and “no complaint basis” for andon behalf of secured creditor, IDBI Bank Lt d., (9) The Intending bidders are at liberty to make their own independent assessment/enquiry about the title andencumbrances of the property. By submitting the Bid, the 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. The bidders shall be deemed to have inspected and approved the SecuredAssets 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 anyother 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 otherwiseadmits the identity of the assets/properties purchased by him /her, not with standing any discrepancy or variation, by comparison of the description in theparticulars of the assets/properties and their condition. Authorized officer shall not assume any responsibility with regard to any of the issues mentioned inthis regard. (10) Offer received for sale and /or accepted are not transferable. (11) Any dispute regarding this matter would be under Jurisdiction of Courts atVisakhapatnam only. (12) This publication is also "Fifteen Days notice required under Rule 6(2) & 9(1) of Security Interest (Enforcement) Rules, 2002 to theabove borrowers/guarantors/mortgagers. (13) Property can be inspected on 06-07-2020 (Monday), 1 1.00 AM to 03.00 PM with prior intimation to IDBIBank Lt d, Retail Asset s Centre, VIP Road, V isakhap atnam Ph: 0891-2871940/ 41/49.

Date : 19-06-2020, Place : V isakhap atnam Sd/- Authorised Officer , IDBI BANK LIMITED16 X 23

Date and T ime of E-Auction: 09-07-2020, 10.30 AM to 11.30 AM

LAST Date and submission of Bids: 08-07-2020 till 04.00 PM

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CIN: L65190MH2004GOI148838

THE AUTHORISED OFFICER (AO)

OF

IDBI BANK LTD

Retail Assets Centre, D.No:9-14-15, Pydah Chambers,

1st Floor, VIP Road, Siripuram, Visakhapatnam, AndhraPradesh

BID DOCUMENT

For Sale of Mortgaged Properties situated at Desapatrunipalem, Visakhapatnam District

Under

The Securitisation and Reconstruction of Financial Asset and

Enforcement of Security Interest Act, 2002 &

The Security Interest (Enforcement) Rules, 2002 (“The Act”)

E-Auction Date: July 09, 2020 (Thursday) From 10.30 AM to 12.30 PM

2

CONTENTS

Chapter Particulars Page

No.

I Possession Notice Published in Newspapers 3-6

II Public Notice for Sale of Property through E-Auction published

on June 20, 2020. 7-8

III Brief Description of Secured Assets 9

IV Terms & Conditions 10-18

V Brief Details of Bid/Offer Document 19

VI Form of Profile of the Bidder - Individual 20-21

VII Form of Profile of the Bidder – Company / Firm/ Trust 22-23

VIII Form of Appendix to the Bid/Offer

(Declaration by the Bidder on non judicial stamp paper of

Rs.200/-)

24-25

3

I. POSSESSION NOTICE PUBLISHED IN TWO NEWSPAPERS

4

The above Possession Notice was published

in Deccan Chronicle (English) Newspaper of Visakhapatnam

on November 01, 2011 (Tuesday)

5

6

The above Possession Notice was published

in Andhra Bhoomi (Telugu) Newspaper of Visakhapatnam

on November 01, 2011 (Tuesday)

7

II. E-Auction Sale Notice

Sale Notice Published in Prajashakti, Visakhapatnam (Telugu)

Newspaper on June 20, 2020

8

Sale Notice Published in Times of India (English) Newspaper on

June 20, 2020

9

III-BRIEF DESCRIPTION OF SECURED ASSETS

Immovable property owned by Shri. Prabhakar Nava Bandrapalli

SCHEDULE OF THE MORTAGAGED PROPERTY

All that site measuring 64.21 Sq.yds or equivalent to 53.69 Sq.mts being undivided and

unspecified share out of the total extent of 128.42 Sq.yds bearing plot Nos. 69 part & 70 part,

together with recently constructed residential Ground Floor House of 1000 Sft. in covered

under Survey No.188/3B2 in Desapatrunipalem Revenue Village, with in the Greater Visakha

Municipal Corporation Limits, in the Mandal of Paravada, in the registration district of

Anakapalli and the sub-district of Lankelapalem, bounded and measured as follows:

Dimension Boundaries Measurements

East Site Belongs to G.L.N. Reddy 31.6” Feet or 9.62 Mts

South Plot No .70 part site 34.8” Feet or 10.62 Mts

West 40 Feet wide Road 31.6 ” Feet or 9.62 Mts

North Plot No.69 part site 39.10” Feet or 12.14 Mts

Immovable property owned by Smt. Saroja Kumari Ravi

SCHEDULE OF THE MORTAGAGED PROPERTY

All that site measuring 64.21 Sq.yds or equivalent to 53.69 Sq.mts being undivided and

unspecified ahare out of the total extent of 128.42 Sq.yds bearing plot Nos 69 part & 70 part,

together with recently constructed residential First Floor House of 1000 Sft covered under

Survey No.188/3B2 in Desapratunipalem Revenue village, with in the Greater Visakha

Municipal Corporation limits, in the Mandal of Parvada, in the registration district of

Anakapalli and the sub-district of Lankelapalem, bounded and measured as follows:

Dimension Boundaries Measurements

East Site Belongs to G.L.N. Reddy 31.6” feet or 9.62 Mts

South Plot No .70 part site 34.8” feet or 10.62 Mts

West 40 Feet wide Road 31.6 ” feet or 9.62 Mts

North Plot No:69 part site 39.10” feet or 12.14 Mts

together with all buildings and structures thereon attached to the earth or permanently fastened

to anything attached to the earth.

10

IV. TERMS AND CONDITIONS

1 The Authorised Officer (AO) exercising the powers under the Securitization 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 this Bid Document

(hereinafter referred to as the 'Secured Asset') and the same are being sold free from charges

and encumbrances of the secured lenders mentioned at item No. IV of the Bid Document.

2 Issue of Bid/ Offer / Bid Document

The Bid Document is available from June 20, 2020 to July 08, 2020 on any working day

(except 2nd

and 4th

Saturdays) between 11.00 AM to 5.00 PM and can be procured from the

Authorised Officer, IDBI Bank, Retail Asset Centre D.No:9-14-15, Pydah Chambers, 1st

Floor,Vip Road, Siripuram, Visakhapatnam-530003 at free of charge. The Bid document can

also be downloaded from IDBI Bank website (www.idbi.com) and (www.bankauctions.in)

3 Reserve Price and Earnest Money Deposit (EMD)

(₹ lakh)

Sl.

No.

Property Reserve

Price

EMD

(i)

1. Immovable property owned by Shri.

Prabhakar Nava Bandrapalli

All that site measuring 64.21 Sq.yds or

equivalent to 53.69 Sq.mts being undivided and

unspecified share out of the total extent of 128.42

Sq.yds bearing plot Nos. 69 part & 70 part, together

with recently constructed residential Ground Floor

House of 1000 Sft. in covered under Survey

No.188/3B2 in Desapatrunipalem Revenue Village, with

in the Greater Visakha Municipal Corporation Limits, in

the Mandal of Paravada, in the Registration District of

Anakapalli and the Sub-District of Lankelapalem,

bounded by:

Dimension Boundaries Measurements

East Site Belongs to

G.L.N. Reddy

31.6” Feet or

9.62 Mts

South Plot No .70 part site 34.8” Feet or

10.62 Mts

West 40 Feet wide Road 31.6 ” Feet or

9.62 Mts

North Plot No.69 part site 39.10” Feet or

12.14 Mts

10.96

1.09

11

(ii) 2. Immovable property owned by Smt.

Saroja Kumari Ravi

All that site measuring 64.21 Sq.yds or equivalent to

53.69 Sq.mts being undivided and unspecified ahare out

of the total extent of 128.42 Sq.yds bearing plot Nos 69

part & 70 part, together with recently constructed

residential First Floor House of 1000 Sft covered under

Survey No.188/3B2 in Desapratuni palem Revenue

village, with in the Greater Visakha Municipal

corporation limits, in the mandal of Parvada, in the

Registration District of Anakapalli and the Sub district

of Lankelapalem.

Dimension Boundaries Measurements

East Site Belongs to

G.L.N. Reddy

31.6” feet or

9.62 Mts

South Plot No .70 part site 34.8” feet or

10.62 Mts

West 40 Feet wide Road 31.6 ” feet or

9.62 Mts

North Plot No:69 part site 39.10” feet or

12.14 Mts

10.96

1.09

The EMD shall be way of Demand Draft favouring “IDBI Bank Limited”

obtained from any Schedule Bank payable at Visakhapatnam and shall be

submitted on or before 08.07.2020 upto 4.00 pm at IDBI Bank Limited, Retail

Asset Centre, Visakhapatnam 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. The EMD shall be

forfeited if the bidder does not participate in the e-auction by placing the bid. 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. 4 Closure . 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.

12

4 Gist of the terms & conditions appearing in Bid Document:

a) The immovable properties are proposed to be sold on “as is where is, ”as is what is

basis” “What ever there is , “No Recourse basis” and “No Complaint basis”.

b) The immovable properties shall not be sold below the Reserve Price.

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 shall 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

immovable properties.

d) The immovable properties 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

immovable properties and inspect the records relating to mortgaged assets available with

AO on request.

e) The immovable property is being sold free from charges and encumbrances of IDBI

only.

For e-auction registration/support contact M/s. 4 Closure , Plot No. 20, Amrutha

Apartments, Mothinagar, Hyderabad -500018, by contacting on Helpline No:040-23836405,

+91- 8142000060/61/62 and E-Mail ID: info@bankauctions.in, prior to the date of e-

auction.

f) Interested bidders/parties may get the Bid Document, which contains detailed terms and

conditions of sale, bid forms etc. at IDBI Bank Limited, Retail Asset Centre on

Tel:08791-2871949 Email: gautam.vardhan@idbi.co.in Tel: +91-0891-2871940, Email:

nirmala.yeleti@idbi.co.in and at Retail Asset Centre , 1st Floor, Pydah Chambers,

Siripuram ,Visakhapatnam in person from June 20, 2020 to July 08, 2020 on any

working day between 11:00 am and 05:00 pm.

g) For further details please refer to IDBI’s website www.idbi.com and

www.bankauctions.in

h) IDBI and AO do not take responsibility for any errors/omissions/ discrepancy/ shortfall

etc. in the immovable properties or for procuring any permissions etc. or for the dues of

any authority established by law. IDBI & AO shall not be responsible for any error,

inaccuracy or omission in this proclamation of sale

i) 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.

j) 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.

k) Statutory 15 days’ notice under Rule 6(2) & 9(1) of SARFAESI Act, 2002 was issued by

AO, vide, notice dated June 10, 2020 to the Borrowers Shri.Prabhakar Nava Bandrapalli

& Smt. Saroja Kumari Ravi, to pay the sum as mentioned therein and also mentioned

herein along interest and ancillary expenses up to the date before e-auction, failing

which the immovable properties will be e-auctioned/sold and balance dues, if any, will

be recovered with interest and cost.

5 Inspection of Asset

The interested parties/bidders may, inspect the property at their own cost and expense on

July 06, 2020 between 11 AM to 3 PM in the presence of representative of the Authorised

13

Officer 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 mortgaged asset/property, 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 immovable asset, if any and any

other relevant information before submitting the Bids. It shall be presumed that the bidder

has satisfied himself / herself / themselves about the names, descriptions, particulars,

quantities, qualities, specifications, measurements, boundaries and abuttals of the assets /

property and that the bidder concurs or otherwise admits the identity of the assets / property

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

description in the particulars of the assets / property and their condition.

8 The Bidders shall not be entitled to receive reimbursement 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 application form and other related documents

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 is required to sign on each page of

the Bid application. Bid application forms are Not Transferable.

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

respectively of this Bid Documents.

The Format Chapter VII is for Individuals and

The Format Chapter VIII is for Company/Proprietorship/ Partnership Firm.

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

The Bidder shall also provide declaration as per the format given in Chapter IX.

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

authorization letter (containing attested signatures) duly signed by the Bidder needs to be

submitted.

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 physical Bid form, duly filled and signed along with the

required documents to the Authorised Officer, IDBI Bank Ltd, Retail Asset Centre, #9-14-

15, Pydah Chambers, 1st Floor, VIP Road, Siripuram, Visakhapatnam-530003 on any

14

working day but not later than 4.00 PM on July 08, 2020 in a sealed cover with

superscript

“Bid Form for purchase of Property at Desapatrunipalem, Visakhapatnam – Shri.

Prabhakar Nava Bandrapalli / Smt Saroja Kumari Ravi ”.

Remittance of EMD by way of Demand Draft or by way of RTGS:

The EMD shall be way of Demand Draft favoring “IDBI Bank Limited” obtained from any

Schedule Bank payable at Visakhapatnam or by way of RTGS in favour of IDBI Bank Ltd.,

account No:81637000010052 , IFSC code :IBKL0000031 and shall be submitted on or

before July 08, 2020 by 4.00 PM at IDBI Bank Limited ,RAC ,Visakhapatnam.

14 The bidder/representative of the bidder whose Bid Document is complete in every respect

and whose RTGS/NEFT/ONLINE TRANSFER remittance of EMD is found to be in order

and proceeds are credited into the designated account well before the cut-off time will be

permitted to participate in the E-Auction. IDBI Bank does not take any responsibility and

will not entertain any complaint for any delay in transfer of funds by way of electronic

mode. Bid application form and other stipulated documents/paper, if found incomplete in

any respect, shall be liable for outright rejection. Bidder(s), whose forms are found to be in

order in all respects together with the EMD remitted by them, will be intimated by way of an

E-mail as well as SMS.

15 Registration with E-Auction Service Provider

1. Interested parties desiring to participate in the online competitive bidding process shall

first submit Bid form along with the related physical Self Attested documents viz.

i. Pan card (compulsory)

ii.Voter ID card or Aadhar Card

iii. Landline Telephone/ Electricity bill/Water bill

iv. Passport or Driving license

vi. Letter with Mobile number and Valid Email ID (compulsory)

to Authorised Officer, IDBI Bank, Retail Asset Centre, #9-14-15, Pydah Chambers, 1st

Floor, VIP Road, Siripuram, Visakhapatnam-530003.

In case Bidder is a Trust/Company/Firm then attested copies of:

i. Board Resolution passed by the Trustee/Board of Directors,

ii. Trust Deed

iii.PAN card of the entity(compulsory)

iv. Copy of AOA & MOA (compulsory for Corporate)

v. Authorisation Letter signed by the delegated authority

vi. Letter with Mobile number and valid email id.

needs to be furnished to Authorised Officer, IDBI Bank, Retail Asset Centre, #9-14-15,

Pydah Chambers, 1st Floor, VIP Road, Siripuram, Visakhapatnam-530003

2. IDBI Bank will first scrutinize the supporting documents, verify the photocopies with the

Original documents (bidders to produce Originals for verification), Bid application forms

etc and if these documents are found to be in order in all respects, IDBI Bank will thereafter

instruct the E-Auction service provider viz. M/s. 4 Closure to create the “Login User id and

the Password” and send to individual email id of each eligible Bidder which will enable the

Bidder to participate in the online bidding process scheduled on July 09, 2020(Thursday).

15

3. 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

M/s. 4 Closure, Plot No. 20, Amrutha Apartments, Mothinagar, Hyderabad -500018, by

contacting on Helpline No:040-23836405, +91- 8142000060/61/62 and E-Mail ID:

info@bankauctions.

For other terms and condition, please refer to IDBI Bank website (www.idbi.com) and

website www.bankauctions.in

Computerized online E-Auction shall be conducted by service provider M/s. 4 Closure, on

behalf of IDBI Bank Ltd, on pre-specified date i.e. July 09, 2020 (Thursday), while the

Bidders shall be quoting/ bidding online from their own offices / place of their choice.

Internet connectivity and other paraphernalia requirements shall have to be ensured by

Bidders themselves. Please note that failure of Internet connectivity (due to any reason

whatsoever it may be) shall be sole responsibility of Bidders and neither IDBI Bank nor

M/s. 4 Closure , shall be responsible for these unforeseen circumstances.

16 Date and Time of E-auction

The E-Auction Date: July 09, 2020 (Thursday)

The E-Auction for the property belonging to Shri.Prabhakar Nava Bandrapalli would be

held from 10.30 AM to 11.30 AM on July 09, 2020 with automatic unlimited extensions of

5 minute each beyond 11.30 AM (if any valid bid comes in the last 5 minutes) on e-auction

platform at website www.bankauctions.in

The E-Auction for the property belonging to Smt. Saroja Kumari Ravi would be held from

11:30 AM to 12:30 PM on July 09, 2020 with automatic unlimited extensions of 5 minute

each beyond 12.30 PM (if any valid bid comes in the last 5 minutes) on e-auction platform

at website www.bankauctions.in

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.

Incremental Increase in Bid Amount during online bidding:

It may be noted that increase in bid amount, if any, during the e-Auction period shall be

made as under:

₹ 10,000/- and in multiples thereof.

The first bid should be of at least equal to Reserve Price or increment (s) over the

Reserve Price in multiples of ₹10,000/-.

Bid Increase amount below ₹10,000/- or in fractions will be rejected by the system.

17 AO reserves the right to retain the EMD of top three bids upto three months 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 three

month from the date of e-Auction or till further extension of time as may be approved by the

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

Auction on submission of written request letter or registered email, subject to the respective

16

bidders have participated in e-auction by placing a valid bid.

18 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 sale price (inclusive of the

amount of EMD) immediately on the same day or not later than next working day by

crossed A/c payee Demand draft/Pay Order drawn in favor of IDBI Bank Ltd., payable at

Visakhapatnam issued by Nationalized Bank/Scheduled bank OR by way of RTGS in

favor of IDBI Bank Ltd., Account No.81637000010052, IFSC Code:IBKL0000031,

Branch IDBI Bank Ltd., Retail Asset Centre, #9-14-15, Pydah Chambers, 1st Floor, VIP

Road, Siripuram, Visakhapatnam-530003.The balance 75% of the sale price is payable on

or before 15th day of confirmation of sale or such extended period as may be agreed upon

in writing between the successful bidder and the AO, in any case not exceeding three

months by way of crossed A/c payee Demand Draft/ Pay Order drawn in favor of “IDBI

Bank Ltd.” payable at Visakhapatnam issued by Nationalized bank/Scheduled Bank. OR

by way of RTGS in favor of IDBI Bank Ltd., Account No.81637000010052, IFSC code:

IBKL0000031 Branch: IDBI Bank Ltd, Retail Asset Centre, #9-14-15, Pydah Chambers,

1st Floor, VIP Road, Siripuram, Visakhapatnam-530003.

19 In case of default in payment by the successful bidder, the amount already deposited by

the offerer shall be liable to be forfeited and the defaulting purchaser shall have no

claim/right in respect of property/amount.

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

stipulated time schedule, 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 (Fifteen

Days) of the Confirmation of Sale or such extended period as may be agreed to by the AO

at his/her 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 fails to take possession of the secured asset as

stated above, the AO reserves the right to revoke the sale confirmed in his/her favour, and

the Bidder shall forfeit the entire amount paid and the AO/Bank may 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 successful Bidder/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

(IDBI Bank) 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

17

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.

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

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. Please note that after submission of the bid/s, no correspondence regarding

any change in the bid shall be entertained.

26 The time hereinabove fixed for observance and performance by the Bidder of any of

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 at any stage or at any point of time 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 his/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 for any

payment/reimbursement by Bank of 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 Bidders have to make their own arrangement for accessing the e-auction site on the date &

time as mentioned above. Bidders are also advised to make their bids within 5 minutes after

the last bid as the e-auction will come to a close if there are no bids during the last 5 minutes

of the closing time. However, if there is a new bid during the last 5 minutes of the closing

time, the e-auction will get extended by another 5 minutes. In such a situation, the auction

will extended beyond the schedule closing time and will come to a close till there are no new

bids in the next 5 minutes after the last bid.

33 The Bank is not liable to pay any interest/ refund of EMD in case of any delay in issue of

confirmation of sale/ Sale Certificate by virtue of any Court Order received after e-auction is

18

held.

34 Jurisdiction

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

Courts in Visakhapatnam, Andhra Prasdesh alone shall have jurisdiction to

entertain/adjudicate such disputes.

*-*-*-*

19

V. BRIEF DETAILS OF BID/OFFER DOCUMENT

BID/OFFER FORM FOR PURCHASE OF SECURED ASSET

Sr.

No

Details of property put on e-auction sale

i)

1 Issue of Bid/Offer

Document

The Bid Document can be obtained from the Authorised Officer/

DGM, Retail Asset Centre, #9-14-15, Pydah Chambers, 1st Floor,

VIP Road, Siripuram, Visakhapatnam-530003

2 Last Date and time

for Submission of

Bid Document

together with

demand draft

towards EMD and

related stipulate

documents/papers

July 08, 2020 during banking hours upto 4.00 PM

3 Place, Date and

Time of E-Auction

Place: E-Auction platform at website: www.bankauctions.in

Date : July 20, 2020

20

VI. FORMAT FOR SUBMISSION OF

PROFILE OF THE BIDDER (INDIVIDUAL CATEGORY)

For Purchase of Secured Asset

(* To be filled and submitted by the Bidder)

1.

AFFIX LATEST PASSPORT SIZE COLOR

PHOTO

OF THE BIDDER & SIGN ACROSS

a) Full Name of the Bidder

(in Block Letters)

b) Complete Postal Address with PIN

Code, Phone / Fax No./Email id/

Website etc.

c) Mobile No.

d) E-mail id:

2. Brief Particulars of Business

3. Relationship ( if any) the Bidder has

with any Employee of IDBI Bank Ltd

4. Relationship, if any, the Bidder/Offerer

has with Borrower/Promoter/

Guarantor/ Mortgagors as mentioned in

the Bid Document.

5. Name & Particular of the Company /

Firm / Person in whose name the

Secured Asset / Property is/are to be

purchased

6. Full & clear details of the Property for

which Bid is offered

21

7 Amount Quoted In Figures

In Words

8 Details of Earnest

Money Deposit

In Figures

In Words

9

DD/Pay Order

Details

Issued Bank/

Branch

DD/PO No.

DD/PO Date

9. Income Tax Permanent Account

Number (s) PAN of the Bidder.

10 Aadhar No. of the Bidder

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 Bidder or duly Authorised Official

of the Bidder)

(Full Name and Designation of the duly Authorised Signatory)

(Official seal, if applicable)

Place:

Date:

22

VII. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER

(COMPANY/ PARTNERSHIP/ PROPRIETORSHIP/TRUST)

For Purchase of Secured Asset Mortgaged

(* To be filled and submitted by the Bidder)

1.

AFFIX LATEST PASSPORT

SIZE PHOTO OF THE BIDDER

& SIGN ACROSS

a) Name of the Company/ Firm/ Trust

etc

(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/ Joint)

4. Name of Chairman

5. Name of Managing Director/ Partner

6. Board of Directors/Trustees /Partners etc a)

b)

c)

d)

e)

7. Income Tax PAN No.(attested copy of

PAN card of the entity to be attached)

8. Full & clear details of the Property for

which Bid is offered

9. Date of Last Income Tax Return filed

(Enclose copy of latest Income Tax

clearance certificate)

10. a) Full Name of authorized person to

carry out e-Auction on behalf of the

Company/ Firm/Party (in Block letters)

(Original authorization letter to be

23

attached to carry out the e-Auction

process)

b) Complete Postal Address of the

Authorised person

c) Mobile & Landline Nos.

d) Email ID & Website

11. Designation of authorized Person in the

organization/entity.

12. Relationship , if any, the Bidder has with

any employee of IDBI bank ltd.

13 Amount Quoted In Figures

In Words

14 Details of Earnest

Money Deposit

In Figures

In Words

15

DD/Pay Order

Details

Issued Bank/

Branch

DD/PO No.

DD/PO Date

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. We also

understood that the Bid application is unconditional, non negotiable and non

transferable.

Signature:

(Name of the Authorised Person)

Designation:

Company Seal:

(All authorization letters should be annexed to this form.)

24

VIII. FORM OF APPENDIX TO THE BID

(DECLARATION BY THE BIDDER)

(NOTE: TO BE TYPED ON NON JUDICIAL STAMP PAPER OF Rs.200/- OR

FRANKING)

FORM OF BID

(Note: This Appendix forms part of the Bid Document)

Date:

To,

The Authorised Officer,

IDBI Bank, #9-14-15, Pydah Chambers,

1st Floor, VIP Road, Siripuram,

Visakhapatnam-530003

Sir/Madam,

Public sale of secured assets through e-auction under SARFAESI Act

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

and condition & 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.

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, 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 confirmation of sale/acceptance of bid/offer or such

extended period as may be granted by the AO at his/her sole and absolute discretion, I/we

shall arrange to take possession of the secured asset within a maximum time 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 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.

25

5) 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 M/s 4

Closure. 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.

6) 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.

7) 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.

8) I/We have remitted Rs.………………… (Rupees

……………...............................................................) towards Earnest Money Deposit

(EMD) in the name of “IDBI Bank Limited” by way of Demand Draft.

9) We understand that the EMD will not carry any interest.

10) We understand that the Bid should be unconditional and non negotiable and Bid/Offer

having conditions contrary to the terms and conditions of the Bid/Offer document or is

not supported by the stipulated supporting documents/undertakings/moneys etc can be

summarily rejected.

Place : Date : ______ day of ________2020 Signature…………………………………………. in the capacity of ............... Duly Authorized to Sign Bid and on behalf of … (Name and full address of the Bidder) (IN CAPITAL LETTERS)

WITNESS :

Signature :

Full Name & Address :

Occupation :

Name of employer :

Cell / Landline no. :