Tender Document-BID Document in The Matter of IREO PRIVATE LIMITED - SARFESI0501
Tender Document-BID Document in The Matter of IREO PRIVATE LIMITED - SARFESI0501
Tender Document-BID Document in The Matter of IREO PRIVATE LIMITED - SARFESI0501
of
Axis Trustee Services Limited - Bond Trustee
(Acting as Trustee for credit facility provided by way of subscription to the Senior Redeemable Listed and Rated Non-Convertible
Bonds subscribed by the Bond Holders
For
Sale of Secured Assets of
IN THE MATTER OF IREO PVT. LTD.
&
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CONTENTS
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The Public Notice for Sale published in the following newspaper on December 31, 2021:
1. Business Standard –English (Delhi)
2. Business Standard - Hindi (Delhi)
Mr.
LOT-1
Subhash
1. Bank: Kumar Jha
Land admeasuring
Standard
150 Kanal 14
Chartered Deputy
Marla or 18.8375
Bank General
Acres situated in
the revenue Manager,
2. Account Axis
estate of villages 10.12.2 Rs. 416 Rs. 41.60 18.01.22 Rs.
Symbolic No: 06.01.2022 Trustee
Ullahwas and 0 crores cr by 5 PM 10,00,000
Behrampur, 531051104 Services
Tehsil: Sohna, 39 Ltd.
District Gurgaon,
3. IFSC: Tel: +91-
Haryana
SCBL00360 22-
(Details in 25 62300451
Annexure -1)
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Fax:
+91 -22-
43253000
Mr.
Subhash
Kumar Jha
LOT-2 1. Bank:
Deputy
Standard
Land admeasuring General
Chartered
2.656 Acres Manager,
Bank
situated in the Axis
revenue estate of 2. Account Trustee
10.12.2 Rs. 79 Rs. 7.9 18.01.22 Rs. Services
Village Ullahawas, Symbolic No:
Tehsil: Sohna, 0 crores cr. by 5 PM 10,00,000 Ltd.
531051104 06.01.2022
District Gurgaon, 39
Haryana Tel: +91-
3. IFSC: 22-
(Details in SCBL00360 62300451
Annexure -2) 25
Fax:
+91 -22-
43253000
Mr.
LOT-3 Subhash
Kumar Jha
Land admeasuring
1. Bank:
17.13 Acres Deputy
Standard
(forming part of General
License bearing Chartered
Manager,
No. 63 of 2009 Bank
Axis
dated 03.11.2009) Trustee
2. Account
situated in the 10.12.2 Rs. 257 Rs. 25.70 18.01.22 06.01.2022 Rs. Services
revenue estate of Symbolic No:
0 crores cr. by 5 PM 10,00,000 Ltd.
village 531051104
Behrampur, 39
Tel: +91-
Ullahawas & 22-
3. IFSC:
Ghata, Tehsil
SCBL00360 62300451
Sohna, District
Gurgaon, Haryana 25
Fax:
Mr.
Subhash
Kumar Jha
LOT-4 1. Bank:
Deputy
Standard
Land admeasuring General
Chartered
33.73 Ares Manager,
Bank
situated in the Axis
revenue estate of 2. Account Trustee
10.12.2 Rs. 455 Rs. 45.50 18.01.22 Rs. Services
Village Ullahawas Symbolic No:
& Behrampur, 0 crores cr. by 5 PM 10,00,000 Ltd.
531051104 06.01.2022
Tehsil Sohna, 39
District Gurgaon, Tel: +91-
Haryana 3. IFSC: 22-
SCBL00360 62300451
(Details in 25
Annexure-4) Fax:
+91 -22-
43253000
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BRIEF TERMS AND CONDITIONS OF E-AUCTION SALE: The sale shall be subject to the Rules and conditions prescribed in the Securitization
and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Security Interest (Enforcement) Rules
2002. (1) The sale of Secured Assets is on "As is where is basis", "As is what is basis", "Whatever there is basis" and "No recourse basis"
for and on behalf of the Secured Creditors. (2) The sale is strictly subject to the terms and conditions given in the "Bid Document". Bid
Document can be obtained from the office of the Axis Trustee Services Limited - Bond Trustee, on all working days or downloaded from
Axis Trustee's website i.e., https://www.www.axistrustee.in and also at https://www.matexauctions.com (3) The sale would be on e-
auction platform at website https://www.matexauctions.com through e-auction service provider M/s MatexNet Pvt Ltd, contact Mr.K.P
Santhosh ([email protected]) or Mob.:8939805544or Ph.:044 43437474,OR Mr. Vijay Kumar, Mob: 7305081260 (4) The
Authorised Officer reserves the right to accept or reject any or all bids or to postpone / cancel the auction at any time without assigning
any reason whatsoever and his decision in this regard shall be final. (5) The successful bidder will be required to deposit 25 % of the
amount of the sale price immediately on confirmation of the sale, inclusive of earnest money deposited to the Authorised Officer
conducting the Sale. The balance amount of sale price is to be paid within 45 days of the confirmation of the sale or such extended period
as may be agreed to by the Authorised Officer. In case of failure to deposit the balance amount within the prescribed period, the deposited
amount shall be forfeited, including earnest money. (6) In case of default in depositing 25 % of the amount of the sale price (including
Earnest Money Deposited) immediately on confirmation of the sale OR default in depositing the balance amount of the purchase price
within the prescribed period, the amount already deposited will be forfeited and secured assets will be resold. (7) All statutory dues /
attendant charges / other dues including registration charges, stamp duty, taxes extra shall be borne by the purchaser. For further details
and complete Terms & Conditions, please visit https://www.www.axistrustee.in and/or contact the Authorised Officer mentioned above
against the properties
STATUTORY 15 DAYS’ SALE NOTICE UNDER RULE 8(5) AND 9(1) READ ALONG WITH ITS PROVISO FOR CONDUCTING SALE OF SECURITY
INTEREST (ENFORCEMENT) RULES, 2002
The Borrower and Guarantors/Mortgagors are hereby notified to pay the sum as mentioned above along with up to date interest and
ancillary expenses before the date of e-auction failing which the property will be auctioned / sold and balance dues, if any, will be
recovered with interest and all costs, charges and expenses.
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II. BRIEF DESCRIPTION OF SECURED ASSETS
Sr. No. Description of the secured assets
01. LOT - 1
Survey / Door / Patta/ Khata No. Land admeasuring 150 Kanal 14 Marla or 18.8375 Acres situated in the revenue
estate of Villages Ullahawas and Behrampur, Tehsil Sohna, District Gurgaon,
Haryana
Details mentioned in ANNEXURE – 1
02. LOT - 2
Survey / Door / Patta/ Khata No. Land admeasuring 2.656 Acres situated in the revenue estate of Village Ullahawas,
Tehsil Sohna, District Gurgaon, Haryana
Details mentioned in ANNEXURE - 2
03. LOT -3
Survey / Door / Patta/ Khata No. Land admeasuring 17.13 Acres (forming part of License bearing No.63 of 2009 dated
03/11/2009) situated in the revenue estate of Village Behrampur, Ullahawas & Ghata,
Tehsil Sohna, District Gurgaon, Haryana
Details mentioned in ANNEXURE - 3
04. LOT - 4
Survey / Door / Patta/ Khata No. Land admeasuring 33.73 Acres situated in the revenue estate of Village Ullahawas &
Behrampur, Tehsil Sohna, District Gurgaon, Haryana
Details mentioned in ANNEXURE - 4
LOT - 1 and LOT - 2 will not be sold individually/separately. LOT - 1 and LOT - 2 are part and parcel of one
land only and will only be sold together to any proposed bidder. Authorised officer can cancel/reject any bid
submitted individually in this regard without assigning any reason whatsoever, as he deems fit
TOTAL DUES as on September 25, 2020: Rs. Rs. 750,37,43,689/- (Rupees Seven Hundred Fifty Crore
Thirty-Seven Lakh Forty Three Thousand Six Hundred Eighty Nine Only) plus Interest, default
interest, cost, charges and expenses
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1. The Authorised Officer (AO) exercising the powers under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with
Security Interest (Enforcement) Rules, 2002 (hereinafter referred to as "the SARFAESI Act")
is selling the secured assets/properties mentioned at item No. II of the Bid Document
(hereinafter referred to as the 'Secured Assets'), after taking symbolic possession of the
Secured Assets under the provisions of the SARFAESI Act 2002 and the same are being sold
on "As is where is", "As is what is", and "Whatever there is" and “no recourse basis”.
2. Issue of Tender/ Offer / Bid Document
The Tender/Bid Document along with Offer Form can be obtained from Shri Subhash Kumar
Jha, Deputy General Manager, Axis Trustee Services Ltd., Axis Bank Limited, 2nd Floor,
Plot No. 25, Pusa Road, Karol Bagh, New Delhi – 110005 from January 5, 2022 to January
17, 2022 from 11 a.m. to 5 p.m. The bid document can also be downloaded from Axis Trustee
Services Ltd.’s website (https://www.www.axistrustee.in) and also at and e-auction service
provider (https://www.matexauctions.com) - contact Mr. K.P Santhosh
([email protected]) or Mob.:8939805544or Ph.:044 43437474,OR Mr. Vijay
Kumar, Mob: 7305081260
3. Reserve Price
Lot No Reserve Price in Rupees EMD in Rupees
Lot – 1 Rs. 416 crores Rs. 41.60 cr
Lot - 2 Rs. 79 crores Rs. 7.9 cr.
Lot - 3 Rs. 257 crores Rs. 25.70 cr.
Lot - 4 Rs. 455 crores Rs. 45.50 cr.
4. (i) The sale of Secured Asset is on “As is where is basis”, “As is what is basis”, whatever
there is basis” and ‘without recourse basis”.
(ii) To the best of knowledge and information of the Authorised Officer, no other encumbrance
exists on the Secured Assets. However, the intending bidders should make their own
independent enquiries regarding the other encumbrances, title of property/ies put on auction
and claims/rights/dues affecting the property, prior to submitting their bid. The auction
advertisement does not constitute and will not be deemed to constitute any commitment or
any representation of the Authorised Officer and/or the Secured Creditors. The Secured Assets
are being sold with all the existing and future encumbrances whether known or unknown to
the Authorised Officer and/or the Secured Creditors. The Authorised Officer/Secured
Creditors shall not be responsible in any way for any third-party claims/rights/dues.
(iii) The description of the Secured Assets is based on the mortgages created by the
Borrower / Guarantors/ Mortgagors with the secured creditors from time to time and
the representations made by them. The AO does not take or assume any responsibility
for any shortfall in the secured assets or for procuring any permission, from any
authority etc. or for the dues of any authority established by law. It is expressly made
clear that the AO/secured creditors do not take or assume any responsibility for any
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claim, dues, statutory or otherwise, in relation to the Secured Assets, including such
dues that may affect transfer of the assets in the name of the purchaser/s and such
dues, if any, will have to be borne/paid by the purchaser/s. 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(s) and would be borne by the
successful bidder/s.
(iv) The bidder shall specify the choice of the property for which offer is submitted from the list
of the secured assets mentioned above. LOT - 1 and LOT - 2 will not be sold
individually/separately. LOT - 1 and LOT - 2 are part and parcel of one land only and will
only be sold together to any proposed bidder. Authorised officer can cancel/reject any bid
submitted individually in this regard without assigning any reason whatsoever, as he deems
fit
(v) The minimum offer/bid amount cannot be less than the Reserve Price mentioned in the auction
notice published in the newspapers.
(vi) The interested bidders may give offers either for one or more than one property. In case any
bidder bids for more than one property, separate EMD amount will be payable for each
property.
(vii) The bids submitted without EMD amount shall be summarily rejected. The property shall not
be sold below the reserve price.
(viii) The auction is by way of inter-se bidding amongst the bidders and the bidders shall increase
the bid amount in the multiple of the Bid Increase Amount mentioned against each property
under column “Bid Increase Amount” in Auction Notice. The inter-se bidding amongst the
bidders shall commence online exactly on the date & time specified in the Auction notice.
(ix) The EMD of unsuccessful bidders will be refunded to their respective bank accounts as per
bank details shared by the bidders. The bidders will not be entitled to claim any interest, costs,
expenses, and any other charges (if any).
(x) The AO is not bound to accept the highest offer and the AO shall have absolute right to accept
or reject any or all offer(s) or adjourn/postpone/cancel the auction without assigning any
reason thereof. The sale is subject to confirmation by the secured creditors.
5. Inspection of assets
The interested parties may inspect the asset at their own cost between 11.00 am to 3:00 p.m. on
the assigned date viz. January 06, 2022, in the presence of a representative of the AO available
at the 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 Assets including any dues relating to the Secured Assets. A bidder shall be deemed to
have full knowledge of the condition of the asset, relevant documents, information, etc.
whether the bidder inspects or visits or verifies or not.
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7. The bidders shall be deemed to have inspected and approved the Secured Assets 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 Secured Assets and any other relevant information in respect of the
Secured Assets before submitting the Bids. It shall be presumed that the bidder has satisfied
himself/herself/itself/themselves about the details, descriptions, particulars, quantities,
qualities, specifications, areas, measurements, boundaries and abuttals of the Secured Assets
and that the bidder concurs or otherwise admits the identity of the Secured Assets purchased
by him/her/it/them notwithstanding any discrepancy or variation, by comparison of the
description in the particulars of the asset/property and its condition.
8. The Bidders 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 the
inspection, due diligence, search of titles to the asset and matters incidental thereto or for any
other purpose in connection with purchase of the Secured Assets under reference.
9. Submission of Bid/Offer
The Bidder shall complete in all respects the Offer form(s) annexed to the Bid Document and
furnish the information called for therein and shall sign and mention the date on each of the
documents in the space provided therein for the purpose. The Bidder shall sign each page of
the Bid/Offer. Offers received for sale and / or accepted are not transferable.
The Format for submission of Profile of the bidder are given in Chapter VI & VII respectively
of the Bid Document.
The format Chapter VI is for Individuals and the format Chapter VII is for
Company / Proprietorship / Partnership firms.
Bidders may fill in only the form relevant to them.
10. The Bid/Offer shall be signed by a person or persons duly authorized by the Bidder with the
signature duly attested.
11. The Bid/Offer shall contain the full address, Telephone No., Mobile No., Fax No. and
e-mail-ID of the Bidder for serving notices required to be given to the Bidder in connection
with the Offer.
12. The Bid/Offer 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. The conditional bids may be treated as invalid. Please note that after submission of the bid/s,
no correspondence regarding any change in the bid shall be entertained.
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with the required documents to the AO, Shri Subhash Kumar Jha, Deputy General Manager,
Axis Trustee Services Ltd., Axis Bank Limited, 2nd Floor, Plot No. 25, Pusa Road, Karol
Bagh, New Delhi – 110005, not later than 5.00 pm on January 18, 2022, in a sealed cover
with one sealed cover containing a Bank Guarantee drawn in favour of “Standard Chartered
Bank” payable at Delhi issued by any Nationalised/ Scheduled Bank as Earnest Money
Deposit (EMD) of respective amount according to the particulars of assets as mentioned
above in Point 3, which shall be superscripted “EMD for IREO Pvt. Ltd.” and the other
sealed cover containing the Bid/Tender Document superscripted “Bid/Tender Document –
IREO Pvt. Ltd.”. Interested parties can participate in the e-auction for one or multiple
property/Lot, as they desire.
For each Lot of secured assets, separate EMD and separate Tender document/Bid
document/Bid Offer is to be submitted by the interested bidder/s in full compliance of the
above formalities. However, LOT 1 and LOT 2 are part and parcel of one land only and will
only be sold together to any proposed bidder. Authorised officer can cancel/reject any bid
submitted individually in this regard without assigning any reason whatsoever, as he deems fit.
Alternatively, bidders who prefer to submit the EMD by way of Bank guarantee can
submit a Bank Guarantee in favour of “Standard Chartered Bank” payable at Delhi issued by
any Nationalised/ Scheduled Bank as Earnest Money Deposit (EMD) of respective
amount according to the particulars of assets as mentioned above in Point 3.
15. The bidders/representative of whose Tender/ Offer /Bid Document is complete in every respect
and whose Demand Draft/Pay Order/ Banker’s cheque 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 process. AO does not take any
responsibility and will not entertain any complaint for any delay in transfer of funds by way of
electronic mode. Form of Tender /Offer/ Bid, if found incomplete in any respect, shall be liable
for outright rejection. Bidders, whose forms are found to be in order together with the EMD
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submitted by them, will be intimated by e-mail and contact number provided.
16. Registration with E-Auction Service Provider
a. Axis Trustee Services Ltd. has appointed M/s MatexNet Pvt Ltd as e-Auction Support
Provider (e-ASP) for said sale.
b. For e-auction support please contact Mr.K.P Santhosh ([email protected]) or
Mob.:8939805544or Ph.:044 43437474,OR Mr. Vijay Kumar, Mob: 7305081260.
c. After the scrutiny of the bids and confirmation of the receipt of EMD as advised, AO
would forward names and other details of eligible bidders to M/s MatexNet Pvt Ltd for
initiating further process related to auction.
d. Eligible bidders are required to be in touch with the M/s MatexNet Pvt Ltd (E auction
service Provider) and submit following documents to Mr.K.P Santhosh
([email protected]) or Mob.:8939805544or Ph.:044 43437474) :-
a. Details of EMD i.e. details of RTGS sent to A.O. or DD/PO/Banker’s cheques
b. Self-Attested copy of Pan Card
c. Self-Attested valid Residential Proof (Voter Id card, Passport copy, Ration card,
telephone bill, AADHAAR card, electric bill - any one)
d. Self-Attested valid e mail id and contact details (with alternate mobile/land line phone
numbers)
e. After registration and satisfaction of KYC and other norms, M/s MatexNet Pvt Ltd (E
auction service Provider) would provide user id and password to the eligible bidders.
f. After receiving the user-id / password from M/s MatexNet Pvt Ltd (E auction service
Provider), the bidders may request for training for e-Auction.
g. After completion of e-Auction process, M/s MatexNet Pvt Ltd (E auction service
Provider) would submit list of the bidders along with its bid amount to AO/Secured
Creditors.
h. Thereafter, AO would intimate the bidders accordingly.
i. AO will declare its Opening Price (OP), which shall be visible to all the Bidders during the
start of the e-Auction. Please note that the start price of each LOT of property in online
e-Auction is open to all the participating bidders. Any bidder can start bidding, in the online
e-auction, from the start price itself. Hence, the first online bid that comes in the system during
the online e-auction can be equal to the auction’s start price, or higher start price by multiples
of Bid Increase Amount. The second online bid and onwards will have to higher than the H1
bid amount by one Bid Increase Amount or higher than the H1 rate by multiples of the Bid
Increase Amount.
i. Secured Creditors /AO/ M/s MatexNet Pvt Ltd (E auction service Provider) will not be held
responsible for any error occurred due to power failure / computer hardware or software
error / network error etc. at the time of e-Auction.
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After receiving the user id / password, in case any bidders feel the need for training / e – auction
support, such bidders may please contact Mr.K.P Santhosh ([email protected]) or
Mob.:8939805544or Ph.:044 43437474,OR Mr. Vijay Kumar, Mob: 7305081260
For queries during the live auction: Auction Room Ph. No. : Mr.K.P Santhosh
([email protected]) or Mob.:8939805544or Ph.:044 43437474
17. The e- auction day: January 20, 2022 from 2 p.m. to 4.30 p.m.
The e-auction would be held from 2.00 p.m. to 4:30 p.m. on January 20, 2022. The auction
would be held with unlimited extensions of 5 minutes each, beyond 4.30 p.m., if required, on
e-auction platform at website: https://MatexNet Pvt Ltd. In case no further valid bids are
received during the extended period, the last highest bid received would be treated as the
successful bid and auction would be treated as closed/terminated.
Increase in Bid Amount:
It may be noted that increase in bid amount Lot wise, if any, during the e-auction period shall
be made as under
Particulars
Multiples/ Increase in Bid
Sr.
Asset Type
No Amount (Rs)
of Asset
1 LOT - 1 Immovable Property as described in Rs. 10,000,00/- (Rs. Ten Lakh)
Annexure - 1
2 LOT - 2 Immovable Property as described in Rs. 10,000,00/- (Rs. Ten Lakh)
Annexure - 2
3 LOT - 3 Immovable Property as described in Rs. 10,000,00/- (Rs. Ten Lakh)
Annexure - 3
4 LOT - 4 Immovable Property as described in Rs. 10,000,00/- (Rs. Ten Lakh)
Annexure - 4
Increase in bid amount below the above said multiples 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 for each LOT.
18. AO reserves the right to retain the EMD of top three bidders up to three months from the date
of e-auction and the amount of EMD will not carry any interest. The Bids so retained will
be valid for two months from the date of e-auction or till further extension of time as may be
approved by the AO. The EMD of other bidders will be returned within 7 days from the date of
e-auction.
19. Payment of Sale Price
The successful bidder would be informed in writing about the acceptance of his/her/its
bid/offer by the AO and will be required to deposit 25% of the sale price (less the amount of
EMD) immediately i.e. on the same day or not later than next working day from the date of
intimating acceptance of his/her/its bid, by way of RTGS in favour of Bank: Standard
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Chartered Bank, Account No: 53105110439, IFSC: SCBL003602.
The balance amount of the sale price shall have to be paid within 45 days of the date of
intimating acceptance of bid way of RTGS in favour of Bank: Standard Chartered Bank,
Account No: 53105110439, IFSC: SCBL003602. or such extended period as may be agreed
upon in writing between the successful bidder and the AO, in any case not extending beyond
three months. The TDS may be deducted by the successful bidder, only if any applicable, while
making the full payment.
20. 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.
21. The defaulting successful bidder shall forfeit all claims to the assets or to any part of the sum
for which it may be subsequently sold.
22. 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 assets to the second/third highest
bidder in the above manner, who shall then be treated as the successful bidder.
23. 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 of immovable assets in favour of the
purchaser as per the format provided in the Security Interest (Enforcement) Rules, 2002.
24. 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, in any case not
extending beyond three months at his sole and absolute discretion, arrange to take possession
of the Secured Assets 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 Assets. In case the successful bidder fails to take possession of the
secured assets as stated above, the AO reserves the right to revoke the sale confirmed in
his/her/its favour, forfeit the entire amount paid by the successful bidder and go for re-bidding
or sell the secured assets by any of the modes as prescribed in the SARFAESI Act including
sale by negotiation with any of the bidders and/or other parties by private treaty. In such an
event, the original successful bidder shall have no claims on the secured assets or to any
amount/s for which it may be subsequently sold.
25. The purchaser will be required to bear all the necessary expenses like stamp duty, registration
expenses, tax, liability etc. for transfer of assets in his/her/its name. It is expressly stipulated
that there are no implied obligations on the part of the AO or the secured creditors and it shall
be solely the obligation of the successful Bidder, at his/her/its cost, to do all acts, things and
deeds whatsoever for the completion of the sale including payment of all statutory liabilities /
municipal cess / tax / maintenance charges of housing society/association / electricity / water
charges etc. outstanding as on date and yet to fall due, which would be ascertained by the
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bidder(s) and would be borne by the successful bidder to get the assets transferred in his/ her/
its name. Secured Creditors do not take any responsibility to provide information on the same.
26. The submission of the Bid/Offer means and implies that the Bidder/Offeror has unconditionally
and irrevocably agreed to and accepted all the above terms and conditions of the Bid/Offer laid
down herein.
27. The time hereinabove fixed for the observance and performance by the bidder of any of the
obligations to be observed by him/her/it under these conditions is and shall be deemed to be of
the essence.
28. General Terms and Conditions
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charges and expenses of and incidental to the said sale and investigation of title or any other
costs incurred by the bidder.
33. Notwithstanding anything stated elsewhere in this Tender Document, the AO reserves the right
to call off the sale process at any point of time without assigning any reasons.
34. If the dues of the secured creditors together with all costs, charges and expenses or part thereof
as may be acceptable to secured creditors are tendered by or on behalf of the
borrower/guarantors/mortgagors at any time on or before the date fixed for sale , the sale of
assets may be cancelled.
35. Jurisdiction
All disputes arising amongst the parties shall be adjudicated according to Indian Law and the
Courts in Delhi alone shall have jurisdiction to entertain /adjudicate such disputes.
************
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V. BRIEF DETAILS OF TENDER/OFFER DOCUMENT
TENDER/OFFER FORM FOR PURCHASE OF SECURED ASSETS IN THE MATTER OF
IREO PVT. LTD.
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VI. FORMAT FOR SUBMISSION OF
PROFILE OF THE BIDDER- INDIVIDUAL
For purchase of secured assets/ properties in the matter of IREO Pvt. Ltd. located at Gurgaon
(Haryana) being sold in 4 LOTS and described in Annexure 1, Annexure 2, Annexure 3 and Annexure
4 for each LOT respectively.
Details of Offer
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8. Bank account details(In case of refund) Account Name:
Account Number:
IFSC Code:
Bank Name & Branch:
I/We have read and understood the detailed terms and conditions of the sale 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/ incomplete, I/We shall not hold the Authorised Officer or secured creditors responsible
for the same and shall not have any claim whatsoever against either of them.
Place:
Date:
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VII. FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER
COMPANY/ PARTNERSHIP/ PROPRIETORSHIP
For purchase of secured assets/ properties in the matter of IREO Pvt. Ltd. located at Gurgaon
(Haryana) being sold in 4 LOTS and described in detail in Annexure 1, Annexure 2, Annexure 3 and
Annexure 4 for each LOT respectively.
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12 Details of Tender Document
i) Form No.
13 Details of Earnest Money
Deposit (EMD)
ii) Demand Draft No. /
Pay Order No.
iii) Date of Demand Draft /
Pay Order
iv) Name of the issuing
Bank and Branch
Bidders who prefers to submit the EMD by way RTGS, must indicate RTGS
UTR No., Amount remitted and date.
RTGS UTR No.
Amount Remitted
Date
Details of offer
14 Income Tax Permanent Account Number(s) :
(PAN) of the Authorised
person
15 Bank Account details (In case of refund) Account Name:
Account
Number: Bank
Name & Branch:
IFSC Code:
* Each and every information and documents to be submitted is mandatory.
I/We have read and understood the detailed terms and conditions of the sale 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/ incomplete, I/We shall not hold the Authorised Officer or secured lenders responsible
for the same and shall not have any claim whatsoever against either of them.
Signature:
Designation:
Company Seal
*****************
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VIII. FORM OF DECLARATION BY THE BIDDER
To,
Shri __________,
Authorised Officer,
Axis Trustee Services Ltd.,
Axis Bank Limited, 2nd Floor,
Plot No. 25, Pusa Road,
Karol Bagh, New Delhi – 110005
Sir,
For purchase of secured assets/ properties in the matter of IREO Pvt. Ltd. located at Gurgaon
(Haryana) being sold in 4 LOTS and described in detail in Annexure 1, Annexure 2, Annexure 3 and
Annexure 4 for each LOT respectively.
1. Having fully examined and understood the terms and conditions of the Tender 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 Tender/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 Tender/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, in any case not extended beyond three months at his/her sole and absolute discretion,
I/we shall arrange to take possession of the secured assets 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 assets. We further understand that in the event I/We fail
22 | P a g e
to take possession of the Secured Assets as stated above, the AO reserves the right to revoke the sale
confirmed in my/our favour and forfeit the entire amount paid by the successful bidder and go for
re-bidding or sell the Secured Assets by any of the modes as prescribed in the SARFAESI Act
including sale by negotiation with any of the bidders and/or other parties by private treaty. In such
an event, I/We shall have no claims on the Secured Assets or to any amount /s for which it may be
subsequently sold
3. I/We clearly understand and accept that the AO or the secured lenders do not take or assume any
responsibility for procuring any permission or payment of any dues, statutory or otherwise, in respect
of the Secured Assets/Properties including such dues that may affect transfer of the assets 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. I/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 sell the
assets by any of the modes as 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 Secured
Asset/property and I/we agree and undertake to abide by it.
6. I/We also enclose a Bank Guarantee of value Rs. ___________( Lot Wise as applicable) towards
Earnest Money Deposit (EMD) in favour of “Standard Chartered Bank”
Or
I/ We have remitted amount Rs. __________(Lot Wise as applicable) towards Earnest Money Deposit
(EMD) to _______ Bank Ltd by way of RTGS amount in favour of Standard Chartered Bank, with
Account No: 53105110439 and IFSC: SCBL0036025
7. We understand that the EMD will not carry any interest.
8. We understand that the Bid/Offer should be unconditional and Bid/Offer having conditions contrary
to the terms and conditions of the Tender/Offer document can be summarily rejected.
Place:
Dated:
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Bid/Offer for and on behalf of. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WITNESS:
Signature:
Occupation:
24 | P a g e
IX- BID OFFER FORM
(Read carefully the terms and conditions of sale before filling-up and submitting the bid)
I/We declare that I/We have read and understood all the above terms and conditions of auction sale and the
auction notice published in the daily newspaper which are also available in the website https:// (E auction
website address where Tender document is displayed) and shall abide by them. I/We also undertake to
improve my/our bid by one bid incremental value notified in the sale notice if I/We am/are the sole bidder.
..............................................................
(Name & Signature of the Bidder(s))
Note: This document is required to be duly filled in and signed by the bidder and thereafter uploaded
in the website https://www.matexauctions.com during the time of submission of the bid.
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Confirmation by Bidder Regarding Receipt of Training
To,
The Authorised Officer,
Axis Trustee Services Ltd.,
Sub: Confirmation regarding receipt of e- Auction Training for sale of secured assets in the matter of
IREO Pvt. Ltd.
Dear Sir,
This has reference to the Terms & Conditions for the e-Auction mentioned in the Tender document and
available on the website https://www.matexauctions.com
a. I/We have read and understood the Terms and Condition governing the e-Auction as mentioned in
Tender Document available on the website https://www.matexauctions.com and also e-Auction
notice published by AO, Axis Trustee Services Ltd. in daily newspapers and unconditionally agree
to them.
b. I/We also confirm that we have taken training on the on-line bidding/auction and confirm that we
are fully conversant with the functionality and process.
c. I/We confirm that the Secured Creditors and M/s. MatexNet Pvt Ltd (E auction service
provider name), shall not be liable or responsible in any manner whatsoever for my/our failure
to access & bid on the e-Auction platform due to loss of internet connectivity, electricity failure,
virus attack, problems with the PC, any other unforeseen circumstances etc. before or during the
auction event.
d. We hereby confirm that we will honour the Bids placed by us during the e-Auction process.
With regards
Copy to: ______________ (e auction service provider name and address), e-mail ID:
_______________
Note: This document is required to be duly filled in and signed by the bidder and thereafter
email the scanned copy of that to the Authorised Officer, Axis Trustee Services Ltd. at the email
26 | P a g e
id mentioned in the Auction Sale Notice just after availing training on e-Auction with a copy to
_______________ (email of e auction service provider)
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Price Confirmation Letter by Bidder(s)
To,
The Authorised Officer,
Axis Trustee Services Ltd.
Sub: Final bid quoted during e- Auction - Sale of Properties in the matter of IREO Pvt. Ltd.
Dear Sir,
We confirm that we have quoted the highest bid of Rs. /- (In Words ) for the purchase of the
Lot-…. property (give description of property ) during e-Auction of the said property held
by M/s MatexNet Pvt Ltd (e-auction service provider) on 20.01.2022.
Yours sincerely,
Signature:
Name of Bidder:
Date:
Copy to: M/s MatexNet Pvt Ltd, (e auction service provider name and address, e-mail ID :
____________________
Note: This document is required to be duly filled in and signed by the H1 bidder and thereafter
e-mail scanned letter to the Authorised Officer, Axis Trustee Services Ltd. at the email id
mentioned in the Auction Sale Notice & copy to Mr.K.P Santhosh ([email protected])
immediately on completion of the bidding.
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X. Annexure – 1
LOT -1
Description of the Immovable Property
Survey / Door / Patta/ Khata No. Land admeasuring 150 Kanal 14 Marla or 18.8375 Acres situated in the revenue
estate of Villages Ullahwas and Behrampur, Tehsil Sohna, District Gurgaon,
Haryana
K M
Village - Ullahwas
Total 8 0
3 min. 5 12
Total 12 19
Total 1 4
7 5 18
14/1 1 16
Total 10 2
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Base Exports Pvt. Ltd. (1/2 share), Hardcore Realtors Pvt.
5. Ltd. (1/14 share), Ornamental Realtors Pvt. Ltd. (1/14 4 8 min. 5 4 1.169
share) and Golden View Builder Pvt. Ltd. (5/14 share)
9 min. 4 3
Total 9 7
11
4 0
min.
12
7 5
min.
20 8 0
Total 26 19
Total 8 0
19/1 4 0
Total 12 0
Total 6 8
6/2/2 5 16
15
4 12
min.
Total 11 8
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14
11. Hardcore Realtors Pvt. Ltd. 5 7 10 0.937
min.
Total 7 10
Village - Behrampur
(-
9 4 15
4K15M)
10/1 3 18
Total 8 13
11/1 1 14
16 6 7 18
7 1 18
15/1 2 6
15 11/2 6 4
16 15/2 5 9
Total 28 4
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XI. ANNEXURE – 2
LOT - 2
Description of Immovable property
Survey / Door / Patta/ Khata No. Land admeasuring 2.656 Acres situated in the revenue estate of Village
Ulhawas, Tehsil Sohna, District Gurgaon, Haryana
Area (in
Recta
Killa Kanal – Marla
Sr. No. Owners ngle
No.
No. Kana
Marla
l
4 10 0 6
Hardcore Realtors Pvt. Ltd. (2/7 share), Ornamental Realtors Pvt.
4. Ltd (1/28 share), Golden View Builders Pvt. Ltd. (5/28 share), 11 4 0
Auspicious Infrastructure Pvt. Ltd. (1/2 Share)
12 0 15
21 Kanal 5
Total Marla 2.656
Acres
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XII. ANNEXURE – 3
LOT - 3
Description of Immovable property
Survey / Door / Patta/ Khata No. Land admeasuring 17.13 Acres (forming part of License bearing No.63 of
2009 dated 03/11/2009) situated in the revenue estate of Village
Behrampur, Ulhawas & Ghata, Tehsil Sohna, District Gurgaon, Haryana
Licensed
Licensed Area Sale Deed No
Land Sala
Sr. Village Rect. Killa
Owner m/ Our
No. Name No No Kana Marl share Marl Acres
l a
a
1763/
Base Exports Pvt. Behram 185/9
5. 32 6 6 4 24 0.15 27.06.2006 522/
Ltd. pur 51
04.05.2007
1763/
Base Exports Pvt. Behram 185/9
6. 32 15 8 - 31 0.19 27.06.2006 522/
Ltd. pur 51
04.05.2007
1763/
Base Exports Pvt. Behram 185/9
7. 32 16 8 - 31 0.19 27.06.2006 522/
Ltd. pur 51
04.05.2007
1763/
Base Exports Pvt. Behram 185/9
8. 31 10 6 3 24 0.15 27.06.2006 522/
Ltd. pur 51
04.05.2007
4921/
25.11.2005
Base Exports Pvt. Behram 140/2 1492/
9. 31 20/2 5 19 70 0.44
Ltd. pur 37 14.06.2006
4873/
24.11.2005
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4921/
25.11.2005
Base Exports Pvt. Behram 140/2 1492/
10. 31 11/1 5 18 70 0.44
Ltd. pur 37 14.06.2006
4873/
24.11.2005
7496/
BTVS Buildwell Ullaha 20.03.2006
14. 5 13/3 2 1 1 41 0.26
Pvt. Ltd. was 7497/
20.03.2006
7496/
BTVS Buildwell Ullaha 20.03.2006
15. 5 18/1 2 5 1 45 0.28
Pvt. Ltd. was 7497/
20.03.2006
5413/
Bulls Realtors Pvt. Behram 203/9 28.11.2006
22. 32 6 6 4 26 0.16
Ltd. pur 83 6743/
09.02.2007
5413/
Bulls Realtors Pvt. Behram 203/9 28.11.2006
23. 32 15 8 - 33 0.21
Ltd. pur 83 6743/
09.02.2007
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5413/
Bulls Realtors Pvt. Behram 203/9 28.11.2006
24. 32 16 8 - 33 0.21
Ltd. pur 83 6743/
09.02.2007
5413/
Bulls Realtors Pvt. Behram 203/9 28.11.2006
25. 31 10 6 3 25 0.16
Ltd. pur 83 6743/
09.02.2007
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Hi Energy Behram 6114/
41. 32 15 8 - 1/4 40 0.25
Realtors Pvt. Ltd. pur 13.01.2006
High Responsible
47. Ghata 58 3/3 4 12 1 92 0.58 2205/14.07.2006
Realtors Pvt.Ltd.
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Regal Green Ullaha 7052/
60. 5 19/2 - 9 1 9 0.06
Lands Pvt. Ltd. was 28.02.2006
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XIII. ANNEXURE – 4
LOT - 4
Description of Immovable property
Survey / Door / Patta/ Khata No. Land admeasuring 33.73 Acres situated in the revenue estate of Village
Ullahawas & Behrampur, Tehsil Sohna, District Gurgaon, Haryana
Sr. Owner Village Rec Kill Licensed Salam/ Licensed Area Sale Deed No
No Name t. a Land share
No No
Kana Marl Our Acres
l a Marl
a
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13. Buzz Hotels Pvt. Behramp 14 22/1 1 8 20 0.12 6412/25.01.2006
Ltd. ur 177/25
3
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30. Commander Behramp 32 24 8 - 1 160 1.00 3662/21.08.2012
Realtors Pvt. Ltd ur
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47. Fiverivers Behramp 35 18/1 6 16 1 136 0.85 1626/06.07.2007
Developers Pvt. ur 2842/04.10.2007
Ltd.
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61. Fiverivers Behramp 14 6/2 1 4 1 24 0.15 2270/23.08.2007
Developers Pvt. ur
Ltd.
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75. Ornamental Behramp 14 20 9 11 1 191 1.19 4693/29.01.2008
Realtors Pvt. Ltd. ur
********************
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