(Registered Office: 201/202, Building No. 2, Solitaire Corporate Park, Andheri Kurla Link Road, Andheri - East, Mumbai
– 400093)
Bid for sale of immoveable property viz. All pieces & parcels of the industrial property being Flat No. 405, Utkarsh
Commercial Complex, Laxmi Bhavan Square, Gotmare Market, West High Court, Nagpur together with constructions/
buildings now standing or to be constructed/ raised thereon and all fittings and fixtures owned by Mrs. Lalita Kunwar
Saryooprasad Choudhry admeasuring 200 Sqr. Ft. in the account of “M/s Majestic Ferro Alloy” under SARFEASI Act
2002
APPLICATION FOR BID AS ADVERTISED IN
1. Name of the bidder
:
____________ DATED ________
________________________________
2. Address of the bidder
(Attach residence proof)*
________________________________
:
________________________________
________________________________
3. PAN NO.
(Attach copy of PAN Card)*
:
________________________________
4. Details for which Bid is offered
:
________________________________
5. Bid Amount Offered
:
Rs.______________________________
6. Bid Amount negotiable
towards increase in amount
:
Yes/ No __________________________
7. Details of Earnest Money
:
Deposited (EMD)
(Favoring “ASREC PS 05/06 Trust”) :
Pay Order/Draft no. _________________
Dated ______ Amount Rs. ____________
*optional
I HEREBY CONFIRM THAT I HAVE GONE THROUGH THE OFFER DOCUMENT OF THE ASREC (INDIA) LIMITED AND
UNDERTAKE TO ABIDE BY THE TERMS AND CONDITIONS OF THE OFFER (DULY SIGNED TERMS AND CONDITIONS OF
SALE IS ENCLOSED)
DATED: _____________
PLACE: _____________
(Signature of the bidder)
ANNEXURE TO BIDDING FORM
Terms and Conditions of sale of moveable property more particularly described in the sale notice belonging
to M/s. Majestic Ferro Alloy” under SARFAESI Act 2002.
The sale shall be subject to the conditions prescribed in the Security Interest (Enforcement) Rules 2002 and to
the following further conditions.
1.
2.
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Bidder's submission of tenders is subject to enclosing of above DD/PO in favour of “ASREC PS 05/06 Trust”,
payable at Mumbai.
Offers below the reserve price / without EMD / qualified / conditional shall be disqualified.
ASREC (India) Ltd/ Authorised Officer reserves the right not to accept or reject all or any one of the bids
offered, even though higher than the reserve price without assigning any reason. ASREC (India) Ltd. /
Authorised Officer also reserve the right to cancel, postpone the bid / sale process without fixing any date
and/or assigning any reason whatsoever. Any dispute arising out of sale process the decision of the Authorised
Officer shall be final & binding upon the participants / bidders.
Successful bidder will have to deposit 25% of the total bid amount / purchase price (adjusting EMD) immediately
on the date of acceptance of bid and balance 75% of the bid amount / purchase price within 15 days of sale
process of the Property. On failure to honour the terms and conditions of the tender by the successful bidder,
the 25% of the offer amount or EMD (as the case may be) deposited shall be forfeited.
Persons interested should make their own independent inquiries as to the title of the property and claims/dues
from Govt. Semi Govt. Department if any, affecting the property. Any statutory or other dues payable and due
on these properties shall have to be borne by the purchasers/bidders only. All the expenses of whatever nature
including stamp duty, registration charges, transfer fee, etc. of getting property transferred shall be borne by
the purchaser and ASREC (India) Ltd. shall not in any way be liable for the same.
Until the sale is confirmed, ASREC (India) Ltd. reserves the right to withdraw from the process or any part
thereof, to accept or reject any or all bids at any stage of the process and/or modify the process or any part
thereof or to vary terms at any time without assigning any reason whatsoever. No financial obligation will
accrue to ASREC (India) Ltd. in such an event.
The sale shall be confirmed in favour of the purchaser who has offered / timely paid the highest sale price in his
bid to the ASREC (India) Ltd./ Authorised Officer and shall be subject to the confirmation by the ASREC (India)
Ltd./ Authorised Officer.
On confirmation of sale, a Sale Certificate shall be issued in terms of Rule 9(6) of the SARFAESI Act 2002 and
possession of the property will be delivered.
Purchaser has to pay the stamp duty registration charges and other dues as applicable.
The Purchaser shall be delivered physical possession of the property at the sites mentioned above after
receiving full purchase price and issuance of Sale Certificate.
Sale shall be without recourse to the ASREC (India) Ltd./ Authorised Officer.
Sale is on “AS IS WHERE IS BASIS ” AND " AS IS WHAT IS BASIS".
If the borrower deposits the dues before acceptance of bid, ASREC (India) Ltd./ Authorised Officer reserves the
right to cancel the bid/sale.
Place: ____________
Date:
Signature of the Bidder:
Date:
Sd/(Vivek Awasthi)
Authorised Officer & Assistant Vice President
ASREC (India) Ltd.