SURAKSHA ASSET RECONSTRUCTION LIMITED

SURAKSHA ASSET RECONSTRUCTION LIMITED

(Formerly known as Suraksha Asset Reconstruction Private Limited) CIN: U74120MH2015PLC268857

Registered Office: 20thFloor, "A" wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013. Tel: +91 22 4027 3662 Fax: +91 22 4027 3700

Email Id: [email protected] website: www.surakshaarc.com

APPENDIX IV-A

[UNDER RULE 8(6)OF SECURITY INTEREST (ENFORCEMENT) RULES, 2002]

E-AUCTION SALE NOTICE FOR SALE OF IMMOVABLE PROPERTY

E-Auction Sale Notice For Sale Of Immovable Property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘the said Act’) read with provision to Rule 8(6) of the Security Interest (Enforcement) Rules, 2002 (‘the said Rules’).

Notice is hereby given to the public in general and in particular to the Borrower(s) and Guarantor(s) that below described immovable property/ies mortgaged/charged in favor of Suraksha Asset Reconstruction Limited [Secured Creditor], the physical possession of which has been taken by the Authorized Officer of the Secured Creditor acting in its capacity as trustee of Suraksha ARC 020 Trust, will be sold on “As is where is”, As is what is” and “Whatever is

there is Basis” on the date and time specified herein below, for the recovery of the amount due to the Secured Creditor from the Borrower(s) and the Co-Borrower(s). The Reserve Price and the earnest money deposit of the immovable property/ies (“Mortgaged Property/ies”) is mentioned herein below.

Name of Borrower/ Co-Borrower (s) / security provider/s

Description of Property

Date of Physical Possession

Date of Demand Notice

Last Date for submission of BID/ EMD

Date & Time of E-Auction

Reserve Price (Rs)

Earnest Money Deposit (10%) (Rs.)

Amount Due as on 31 Jan 2021

1.Anant Saxena 2. Nawal Saxena

All that piece and parcel of commercial Shop No. 13 at “Hong Kong Bazar (Mall)” Sector -57 Sushant Lok – 2, Gurgoan. adm. 719.39 sq.ft super built –up area

13.01.2021 30.04.2019 09.04.2021 Date: 10.04.2021 Time: 12:00 pm – 1:00 pm

62,00,000/- (Rupees Sixty Two Lakhs only)

6,20,000/- (Rupees Six Lakhs Twenty Thousand only)

4,54,36,247/- (plus further interest and charges from 31 Jan 2021)



13.01.2021 30.04.2019 09.04.2021 Date: 10.04.2021 Time: 12:00 pm – 1:00 pm



mailto:[email protected]



13.01.2021 30.04.2019 09.04.2021 Date: 10.04.2021 Time: 12:00 pm – 1:00 pm



Terms and Conditions:-

The Auction sale will be “ Online E-Auction/ Bidding through Banks approved service provider M/s E-Procurement Technologies Ltd – Auction Tiger Mumbai Contact Persons Mr. Chintan Bhatt on (M) +91:09265562821/09265562818/ 09374519754 +91: 6352490773 (e-mail) [email protected] , Phone : 079-61200559, website : https://sarfaesi.auctiontiger.net

Bidders are advised to go through the Bid Forms, Tender Document, detailed terms and conditions of auction sale before submitting their bids and taking part in the E-Auction sale proceedings.

Bids shall be submitted through online procedure only in the prescribed formats with relevant details.

Earnest Money Deposit (EMD) shall be 10% of the Reserve Price Fixed and shall be deposited through RTGS/NEFT/FUND TRANSFER to credit of following account before submitting the bids online:-

Details

Name of Bank & Branch ICICI BANK LTD, LOWER PAREL, MUMBAI

Name of Beneficiary SURAKSHA ARC 020 Trust

Account No 039305012500

IFSC Code ICIC0000323

Any prospective bidder can bid for all the properties together or any one or more of the said immovable properties. However, in the event any bidder submits its bid for all the properties together, the bid amount should be more than the aggregate Reserve Price of all the aforesaid properties. Further preference shall be given to the consolidated bid for all the above properties.

The bid price to be submitted shall be above the Reserve Price and the bidders shall improve their further offer in multiple of Rs. 1,00,000/- (Rupees One Lac Only) . The property will not be sold below the reserve price set by the Authorized Officer. The bid quoted below the reserve price shall be rejected and the EMD deposited shall be forfeited.

The successful bidder shall have to pay 25% of the purchase amount (including Earnest Money deposit of 10% paid as above) on the day of declaration of successful bidder or not later than next working day thereof, as the case may be. The Balance 75% of the purchase price shall have to be paid on or before the 15th day of confirmation of the sale by Secured Creditor or such extended period as may be agreed upon in writing between the purchaser and Secured Creditor, in any case not exceeding three months.


https://sarfaesi.auctiontiger.net/

The EMD of the unsuccessful bidder will be returned on the closure of the E-auction

proceedings within 15 working days from the date of auction.

The sale is subject to confirmation by Secured Creditor. If the Borrower/Guarantor pays the amount due to the Secured Creditor in full before date of sale, no sale will be concluded.

To the best of knowledge and information of the Authorized Officer, no other encumbrance exist on the mortgaged property, however the prospective tenders are advised to do their own due diligence in this regard. The Authorized Officer shall not be held responsible for any charge, lien, encumbrance, property tax or any other dues to the Government or anybody in respect to the aforesaid mortgaged property.

Inspection of the aforesaid mortgaged property/ies can be done on 24th March,2021 from 11:00 am to 5:00 pm by the interested parties/ tenderer after seeking prior appointment with Authorized Officer. The Authorized Officer has the right to reject any tender/ tenders (for either of the property) without assigning any reasons thereof.

On compliance of terms of sale, Authorized Officer shall issue ‘Certificate of Sale’ in favor of the successful purchaser. All expenses relating to stamp duty, registration charges, conveyance, VAT/GST etc. to be borne by the purchaser. The successful purchaser shall comply with the relevant provisions of Income Tax Act,1961 pertaining to tax deduction at source with regard to purchase of said immovable property.

The sale is subject to the conditions prescribed in the said Act and the said Rules and the conditions mentioned above.

For further details contact the Authorized officer on Tel No:- +91 22 40273662, +91 98996976606/9920218407.

For detailed terms and conditions please refer to the Tender Document which may be provided from the authorized officer by email (the contents whereof shall be treated as part of this notice). Date : 10/03/2021 (Authorized Officer) Place: Gurgaon Suraksha Asset Reconstruction Limited

Page 1 of 6

TENDER DOCUMENT

Under the Provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (the “said Act”), Suraksha Asset Reconstruction Limited had issued notice dated 30.04.2019 under section 13 (2) of the said Act to the Borrowers and the persons more particularly described therein. Subsequently the financial asset together with the security therein was assigned to Suraksha Asset Reconstruction Limited (formerly known as Suraksha Asset Reconstruction Private Limited), acting in its capacity as trustee of Suraksha ARC-020 Trust (“SARL”) by the L&T “original lender”. The RCFL had taken possession of the mortgaged property more particularly contained herein below (“the said Property”) on 13.01.2019 under the powers granted under Section 13 (4) of the said Act, and handed over to SARL. the said Property is now being put up for sale under the powers granted under Section 13 (4) of the said Act on the terms and conditions and in the form and manner herein below appearing:-

SURAKSHA ASSET RECONSTRUCTION LIMITED (Formerly known as Suraksha Asset Reconstruction Private Limited)

CIN: U74120MH2015PLC268857 Registered Office: 20th Floor, "A" wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Tel: +91 22 4027 3662 Fax: +91 22 4027 3700

Email Id: [email protected] website: www.surakshaarc.com

[Sale of Property (more particularly described hereunder) mortgaged by 1.ANANT

SAXENA 2. NAWAL SAXENA for the loan availed by them (“Borrowers/Co-Borrower ”) on “As is where is & as is what is” Basis, the possession whereof has been taken under the provisions of Securitisation & Reconstruction of Financial Assets]& Enforcement of Security Interest Act, 2002]

Doc. No.

1


Page 2 of 6

Schedule of Property

Item No.

Description of Property Reserve Price (Rs.)

EMD (Rs.)

1 All that piece and parcel of commercial Shop No. 13 at “Hong Kong Bazar (Mall)” Sector -57 Sushant Lok – 2, Gurgoan. adm. 719.39 sq.ft super built –up area

Rs 62,00,000/- Rs 6,20,000/- (i.e. 10% of the

purchase amount)


Rs 62,00,000/- Rs 6,20,000/- (i.e. 10% of the

purchase amount)


Rs 62,00,000/- Rs 6,20,000/- (i.e. 10% of the

purchase amount)

TERMS AND CONDITIONS OF SALE

1) The prospective Offer or shall give offers for purchase for the whole of the immoveable property along with super structure thereon as mentioned in Item No. 1.

2) The offer should be accompanied with an Earnest Money Deposit (“EMD”) by way of

RTGS/NEFT/FUND TRANSFER to credit of following account before submitting the bids online:

Details


Name of Beneficiary SURAKSHA ARC 020 TRUST

Account No 039305012500


3) Offers not accompanied with EMD shall be treated as invalid. The EMD of

unsuccessful Offeror(s) including the 2nd and 3rd highest Offerors shall be refunded within 15 working days on the closure of the E-auction proceedings without any interest thereon. The Offeror will not be entitled for any interest even if the refund of EMD is delayed beyond the said period for any reason whatsoever.

4) The offer should only be in the prescribed offer document, i.e. the “BID

DOCUMENT” as Annexure II & III uploaded on auction website as mentioned in the

Page 3 of 6

sale notice. The Bid Document duly completed and signed, should be mailed at [email protected] in PDF format and the hard copy of the same shall be put in an envelope which should be sealed and super scribed with “Offer from .……………………………… for purchase of the immovable assets in the case of “Anant Saxena ” and the said envelope should be submitted to SURAKSHA ASSET RECONSTRUCTION LIMITED, at 20th Floor, "A" wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013 before 6.00 p.m. on any working day between Monday and Friday on or before 09.04.2021. A certified photocopy proof of identity for bidding entity (i.e. PAN Card/driving license/Passport/Election Card in case of individuals or PAN Card/Certificate of Incorporation/Registration of Partnership in case of Firms or Companies) shall also be submitted along with offer document.

5) Offeror/bidders can inspect the said Property on 24th March, 2021 between 11:00 am

to 5:00 pm (Subject to situation of Covid-19). The person deputed for inspection by the prospective Offeror should carry with him appropriate authorization on the letterhead of the Offeror whom he/she represents, failing which inspection may be refused to such person.

6) The confirmation of sale of the Property shall be conveyed to the highest Offeror, after

following the process enumerated hereinabove, on 10th April , 2021 . The successful Offeror(s) will have to immediately pay 25% of the sale price (after adjusting the Earnest Money deposited) by way of RTGS/NEFT/FUND TRANSFER on the same day or not later than next working day and the balance of 75% of the consideration shall be payable by the successful Offeror on or before the fifteenth day of confirmation of the sale by SARL or such extended period as may be agreed upon in writing between the purchaser and SARL, in any case not exceeding three months. The credit to be made in following account details:

Bank account Details


Name of Beneficiary SURAKSHA ARC 020 TRUST

Account No. 039305012500


In the event of any default in payment of any of these amounts, or if the sale is not completed by reason of any default on the part of the successful Offeror, SARL, in its absolute discretion, shall be entitled to forfeit all the moneys till then paid by the successful Offeror and put up the assets in question for resale/disposal. Further, all costs, charges and expenses incurred by SARL on account of such resale shall be borne by such defaulting successful Offeror who shall also be bound to make good any


Page 4 of 6

deficiency arising on such resale and he/she/they shall not be entitled to make any claim in the event of the assets realizing higher price on resale.

7) The Offeror shall deduct and deposit with the concerned Department/statutory body

Tax Deducted at Source (TDS), as applicable under section 194-IA of the Income Tax Act, 1961. Such TDS shall be considered as part of the Offer made by the Offeror.

8) The stamp duty, registration charges, cess, sales tax (if applicable), transfer charges, if

any, and all other incidental costs, charges and expenses in connection with the sale of the aforesaid assets shall be borne by the purchaser/successful Offeror.

9) Transfer of the said Property to the successful Offeror shall be done by the Authorized

Officer only upon payment of the entire bid consideration and other charges as per the terms contained herein.

10) As from the date of confirmation of the sale of the assets, the purchaser shall hold the assets at his/her/their sole risk and cost as regards any loss or damage to the assets by fire or earthquake or any other natural calamities or due to theft, burglary or robbery or from any other cause whatsoever and neither SARL nor the Authorized Officer shall be liable for any such loss or damages.

11) The Property is offered for sale on “AS IS WHAT IS”, AND “WHATEVER IS THERE IS BASIS”. Neither SARL nor the Authorized Officer undertakes any responsibility to procure any permission/license etc. in respect of the Property offered for sale hereunder. The successful Offeror will have to bear all outstanding dues including but not limited to water/electricity/service charges, transfer fees, electricity dues, society dues, dues of the Municipal Corporation/local authority dues, taxes including sales tax, VAT or any other cess, duties, levies by whatever name it is called, if any, in respect of the Property.

12) The Offeror are advised in their own interest to verify the Property as also the above

and any other dues from the respective authorities to their satisfaction before submitting the offers.

13) The successful Offeror shall be deemed to have purchased the Property after complete

satisfaction of title thereto and inspection thereof and shall not be entitled to make any requisition or raise any objection as to the title or condition of the Property or any part thereof.

14) The Offeror shall purchase the Property in the same condition that the Property exists

on the date of sale. The date of sale shall mean, the date when the Authorized Officer accepts the Offer of the successful Offeror. From and after the date of acceptance of offer by the Authorized Officer, the same shall be at the sole and entire risk and costs

Page 5 of 6

and account of the successful Offeror as regards any risk, injury loss or damage thereto or any part thereof from any cause whatsoever. The successful Offeror shall not make any requisition for repairs or otherwise and the obligations of carrying out such repairs shall be solely that of the successful Offeror.

15) Conditional offers will be treated as invalid. Likewise correspondence about any

change in the offers will not be entertained. Any Offeror who wishes to give a fresh offer for the Property on or before the last date prescribed for submission of the offers contemplated herein, may file a fresh offer with appropriate Earnest Money Deposit and Offer Fees.

16) The successful Offeror will be bound by the regulations of the local / any other

authority, as applicable in regard to the use of the immovable property along with its super structure.

17) The successful Offeror shall, notwithstanding any discrepancy or variation in the

names, quantities, survey numbers measurement, boundaries and abuttals as mentioned hereinabove, accept the Property purchased by him/it/them.

18) If the dues of SARL together with all costs, charges and expenses are offered to be paid

by or on behalf of the Borrowers at any time before the date of confirmation of sale, the Property, shall not be auctioned.

19) The Offeror shall not be entitled to withdraw or cancel offer once submitted unless

permitted by Authorized Officer. If the Offeror withdraws or cancels the offer, the Earnest Money Deposit shall be liable to be forfeited and will also be liable to pay the Authorized Officer, the loss or damage suffered consequent upon withdrawing or canceling the offer. The assets in question will then be resold at the risk and consequences of the Offeror.

20) The Authorized Officer is selling the Property pursuant to the powers derived from

the said Act. The Property comprised in and forming part of the sale are sold, subject to all defects, faults, imperfections and errors of description latent or otherwise. The Authorized Officer is not answerable for the correct description genuineness, veracity, authenticity of or any defects in the Property and does not warrant any condition whatsoever pertaining to the same. The Offerors should make their own enquiry about the same and satisfy themselves if there are any other encumbrances, reservations, acquisitions, charges, liens or defects affecting the title of the Property. The Offerors shall not be entitled to issue or raise any requisitions or objections to or upon the title. The Offerors should make enquiries about the utility of the property put up for sale hereunder and no warranty or assurances of any kind is given by the Authorized Officer and/or SARL. The Offerors shall be deemed to have undertaken a due diligence of the Property and that the Offerors are presumed to have taken

Page 6 of 6

independent legal or commercial advice before participating in the auction contemplated herein.

21) The Authorized Officer reserves his right to reject any or all offer/s without assigning

any reason and in case all the offers are rejected, either to hold negotiations with any of the Offeror or sell the assets through private negotiations with any of the Offeror or any other party/parties or invite fresh offers. SARL's decision in this behalf shall be final & binding.

22) The Authorized Officer will be at liberty to amend/modify/delete any of the above

conditions as may be deemed necessary in light of the facts & circumstances of the case.

23) Disputes, if any, shall be within the jurisdiction of Courts and Tribunals in Mumbai

only.

24) Words & expressions used hereinabove shall have the same meanings respectively assigned to them under Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the rules framed thereunder.

Authorized Officer

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Documents

SURAKSHA ASSET RECONSTRUCTION LIMITED