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II

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1 | P a g e

The Authorised Officer (AO)

of

IDBI BANK LIMITED

(Infrastructure Corporate Group)

No.115, Anna Salai, P.B No.805, Saidapet,

Specialised Corporate Branch,

Chennai – 600 015

TENDER DOCUMENT

For

Sale of Assets of

Nandha Energy Limited

Under

The Securitisation and Reconstruction of Financial Assets and

Enforcement of Security Interest Act, 2002

and

The Security Interest (Enforcement) Rules, 2002

2 | P a g e

CONTENTS

Sr.No Particulars Page

No.

I Public Notice for Sale published in the newspapers

3-6

II Brief Description of secured assets

7

III Outstanding dues of Secured Lenders

8

IV Terms & Conditions

9-15

V Brief details of Bid/Offer document

16

VI Form of Profile of the Bidder

17-18

VII Form of Appendix to the Bid/Offer (declaration by the Bidder)

19-20

3 | P a g e

IDBI Bank Limited,

Infrastructure Corporate Group

No.115, Anna Salai, P.B.No.805,Saidapet, Chennai-600

015 Ph: 044-2220 2000/2007/2284/2235 5201

CIN-L65190MH2004GOI148838. www.idbi.com

E-AUCTION SALE NOTICE

Whereas the Authorised officer has issued notice under section 13(2) of Securitization and

Reconstruction of the Financial Assets and Enforcement of Security Interest Act herein after

termed as SARFAESI Act 2002, calling upon the Borrowers/Guarantors to repay the amount

mentioned in the notice within 60 days of publishing of the said notice. Borrowers/Guarantors

having failed to repay the amount, the Authorised officer in pursuant to and in exercise of powers

conferred under section 13(4) of the SARFAESI Act, 2002 has taken possession of the mortgaged

property on the below mentioned dates. Notice is hereby given to the public in general and to the

Borrower/ Guarantors/ Mortgagors in particular by the Authorised Officer that the under

mentioned properties mortgaged to IDBI Bank Ltd., having its office at IDBI Bank Ltd.No.115,

Anna Salai, P.B No-805, Saidapet, Chennai-600015 have been taken possession under the

provisions of section 13 (4) of the Securitisation And Reconstruction Of Financial Assets And

Enforcement Of Security Interest act, 2002 (SARFAESI ACT 2002) and will be sold by E-

Auction as mentioned below on “AS IS WHERE IS “AND “AS IS WHAT IS AND

WHATEVER THERE IS BASIS” AND “WITHOUT RECOURSE BASIS” for recovery of

under mentioned dues with further interest, charges and cost etc, as detailed below. This is also a

notice to the Borrowers and to the Guarantors/ Mortgagors of the below mentioned loans about

holding of E- Auction to be held on the below mentioned date, if their outstanding dues are not

repaid in full within 30 days from the date of publication of this notice

Place of Auction: IDBI Bank Limited, No.115, Anna Salai, P.B No-805, Saidapet, Chennai-

600 015

Date of Auction : 27-11-2015

Reference No.:- IDBI/ICG/ SALE/2/2015-16

Name & Address of Borrowers: M/s. Nandha Energy Limited, ("the Borrower"), South India

Film Chamber and Commerce (New Building), Phase I, 3rd Floor, No.605 & 606, T.R

Sundaram Avenue, Thousand Lights, Chennai-600 006

Date of Possession: 07.08.2014 Total liabilities as on 01.04.2014: Rs.53,60,16,000/- Plus

interest and charges thereon. As on 01.10.2015: Rs. 51,67,16,008/- plus interest and other

charges thereon.

Schedule of the property: 18 MW Bio Mass Power Plant All that piece and parcel of land

comprised in and forming part of S.Nos.445/7, 440/1, 440/4, 440/14, 445/6, 440/4, 483/8A,

484/8B, 483/3, 483/5A, 483/7, 483/5B, 483/9A, 484/2B, 483/11, 484/3, 484/9, 483/9B, 484/2A,

445/4, 485/13, 483/6, 484/1, 483/4, 483/2, 483/10, 483/1, 485/11, 480/1, 480/2, 440/11, 440/8,

445/5, 445/2, 481/3, 481/2, 481/4, 440/7, 440/10, 440/13, 445/1A, 445/1B, 440/6, 482/6, 482/7,

482/1, 482/10, 440/12, 482/3, 440/5, 482/2, 481/6, 482/4 and 482/5 admeasuring 23 Acres 69

Cents situated within Palayaseevaram Village limits of Kancheepuram Taluk and Kancheepuram

District in the state of Tamilnadu together with all the singular and structures thereon.

BID LOT (1) For Plant & Machinery: Reserve Price: Rs.13,02,00,000/- EMD: Rs.65,10,000/-

4 | P a g e

BID LOT (2) For Land & Building: Reserve Price: Rs.29,07,95,000/- EMD: Rs.1,45,39,750/-

BID LOT (3) For Land, Building, Plant and Machinery: Reserve Price: Rs.42,09,95,000/-

EMD: Rs.2,10,49,750/-

Note: LOT (2) will be sold only after LOT (1) is sold. Priority/First preference will be given for

sale of LOT(3).

Date & Time of Auction: on 27-11-2015 at 11:00 AM to 12.00 NOON (with unlimited extensions

of 5 minutes each)

Bid Increment Amount :Rs.5,00,000/- FOR ALL THE LOTS Last Date for receiving bid :25-11-

2015

Important Notes:

1. This may be treated as formal notice to Borrower(s)/Mortgager(s) under Rule 8(5), 8(6) and

9(1) for Immovable assets under Security Interest (Enforcement) Rule 2002.

2. Borrower(s)/Mortgager(s) have the right to tender dues of the Bank together with costs, charges

and expenses under section 13(8) of SARFAESI Act, 2002.

3. This notice is also being published in vernacular. The English version shall be final in the event

of any ambiguities/interpretation.

Terms and conditions:-

1. Auction/ bidding shall only be through “online electronic mode” through the website of the

service provider. https://idbi.auctiontiger.net is the Service Provider to arrange e - auction

platform.

2. The bidders may be participating in e-auction for bidding from their place of choice and

Internet connectivity shall have to be ensured by bidder himself. Bank/ Service provider shall

not be held responsible for the internet connectivity, network problems, system crash down,

power failure etc.

3. Intending bidders shall hold a valid digital signature certificate and e-mail address. For

details with regard to digital signature, please contact M/s e-Procurement Technologies

Limited, Ahmedabad - 300006, Contact Person Mr. Praveen Kumar Thevar - 09722778828,

praveen.thevar@auctiontiger.net; Mr. Ashok Nattar (Chennai) – 09382276688,

rikin@auctiontiger.net. (For Technical Support and Bidding Process) e-mail Id :

support@auctiontiger.net.

4. Bidders are advised to go through the website https://idbi.auctiontiger.net for detailed

terms and conditions of auction sale before submitting their Bids for taking part in the e-

auction sale proceedings.

5. Particular specified in the schedule above have been stated to the best of the information of

the Authorized officer / Bank. Authorized officer and / or Bank will not be answerable for

any error, mis-statement or omission in this public notice.

6. For participating in e-auction sale the intending bidders should register their details with the

Service Provider M/s E-Procurement Technologies Pvt. Ltd. well in advance and get the

User Id and Password. Only the password may be changed on receiving it. For Login id and

password bidder may contact on help line number:-079-40230813/816/817/818/819/820.

7. For participating in e-auction, intending bidders have to deposit a refundable, non-interest

bearing EMD by way of RTGS/NEFT/Funds Transfer to the credit of the A/c

No.12934915010013 with IDBI Bank Ltd., No.115, Anna Salai, P.B.No.805, Saidapet,

5 | P a g e

Chennai-600015, IFSC Code: IBKL0000129 or by way of DD/Pay Order favoring IDBI

Bank Ltd., No.115, Anna Salai, P.B.No.805, Saidapet, Chennai-600015 before the tender

closing time of 4 PM on 25.11.2015 to the Authorised Officer, IDBI Bank Ltd., No.115,

Anna Salai, P.B.No.805, Saidapet, Chennai-600015 with self attested copy of PAN card, ID

proof, address proof. Bid below the reserve price will not be accepted. Bid without

EMD/with EMD lower than the EMD amount stipulated will not be accepted.

8. The e-auction of the above property would be conducted exactly on the Scheduled Date &

Time as mentioned above by way of inter-se bidding amongst bidders. The bidder shall

improve their offer at a minimum amount of the “Bid Increase Amount” against property.

Online auction shall be for a period 1 hour, then the auction’s duration shall automatically

get extended for another 5 minutes. The auto extension shall be for unlimited times and will

take place only if a valid bid comes in last 5 minutes of closing.

9. The successful bidder should deposit 25% of the bid amount (including EMD) on succeeding

working day of the auction sale before 5 pm, sale being knocked down in his favour and

balance 75% of the bid amount within 15 days from the sale date by way of

RTGS/NEFT/Funds Transfer to the credit of the A/c No.12934915010013 with IDBI Bank

Ltd., No.115, Anna Salai, P.B.No.805, Saidapet, Chennai-600015, IFSC Code:

IBKL0000129 or by way of DD/Pay Order favoring IDBI Bank Ltd., No.115, Anna Salai,

P.B.No.805, Saidapet, Chennai-600015.

10. Sale will be subject to confirmation by the bank. On receipt of entire Auction Sale proceeds

from the Successful bidder, the Authorised Officer will be issuing Sale Certificate to the

Successful bidder only, as per the provisions of the Act. On issuance of Sale Certificate, the

Auction Sale Process will be completed and the Authorised 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.

11. The intending bidders are at liberty to make their own independent assessment/enquiry about

the title and encumbrances 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 Secured Assets to their entire satisfaction and for the

purpose, the Bidders may, in their own satisfied himself/herself about the names,

descriptions, particulars, quantities, qualities, specifications, measurements, boundaries and

abuttal’s of the assets/properties and that the bidder concurs or otherwise admits the identity

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

by comparison of the description in the particulars of the assets/properties and their

condition. Authorised officer shall not assume any responsibility with regard any of the

issues mentioned in this para.

12. In case of default in payment at any stage by the successful bidder/ auction purchaser within

the stipulated time the sale will be cancelled and the amount already paid will be forfeited

and Authorized Officer reserves the right to resell the property to the second/third highest

bidder in the above manner, which shall be treated as if he/she were the only successful

bidder or to conduct the auction again.

13. The successful bidder shall bear the charges payable for conveyance registration fee, stamp

duty etc as applicable. All 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. Bank does not

6 | P a g e

take any responsibility to provide information on the same.

14. The Bank is not liable to pay any interest or to refund EMD or any other payment received in

case of any delay in issue of confirmation of sale /sale certificate by virtue of any court order

received by the Bank after e-auction is held.

15. The property is being sold on “as is where is” and “as is what is and whatever there is

basis” and “without recourse basis” and subject to conditions prescribed in the SARFAESI

Act 2002 and rules framed there under.

16. Prospective bidders are advised to peruse the copies of the title deeds with the bank and

verify the latest Encumbrance Certificate and other Revenue/ Municipal records to exercise

due diligence and satisfy themselves on the Title and Encumbrance, if any over the property.

Offers received for sale and / or accepted are not transferable.

17. Bids once made shall not be canceled or withdrawn. All bids made from the user ID given to

bidder will be deemed to have been made by him only.

18. To the best of knowledge and information of Bank /Authorized Officer no other

encumbrances exists on the stated properties. However, prospective bidders are advised to

peruse the copies of title deeds available with Bank with prior appointment and also carry

out their own enquiries to satisfy themselves regarding encumbrances, if any over the above

properties.

19. All bidders shall be deemed to have read and understood the terms and conditions of sale and

be bound by them.

20. Nothing in this notice constitutes or will be deemed to constitute any commitment or

representation on the part of the Bank to sell the above properties/assets. The authorised

officer may postpone/ cancel the e-auction without assigning any reason thereof.

21. Any dispute regarding matter would be under jurisdiction of courts in Chennai only.

22. This is also a notice to the borrower(s) / Guarantor (s) / Mortgagor(s) of the said loan, u/s

8(5), 8(6) and 9(1) of the rules of the said act, about holding of e-auction sale of the above

mentioned properties on the above mentioned date, requesting their presence and co-

operation.

23. Property can be inspected between 11AM and 3 PM from 17-11-2015 to 21-11-2015 on

any working day after prior intimation to IDBI Bank Ltd., No.115, Anna Salai, P.B No-

805,Saidapet, Chennai-600015

Place:- Chennai

Date:- 27.10.2015

Sd/- Authorised Officer

IDBI Bank Ltd.(Secured Creditor)

7 | P a g e

II. BRIEF DESCRIPTION OF SECURED ASSETS

Sl.No. Descriptions of the Property

1 18 MW Bio Mass Power Plant

All that piece and parcel of land comprised in and forming part

of S.Nos.445/7, 440/1, 440/4, 440/14, 445/6, 440/4, 483/8A, 484/8B,

483/3, 483/5A, 483/7, 483/5B, 483/9A, 484/2B, 483/11, 484/3, 484/9,

483/9B, 484/2A, 445/4, 485/13, 483/6, 484/1, 483/4, 483/2, 483/10,

483/1, 485/11, 480/1, 480/2, 440/11, 440/8, 445/5, 445/2, 481/3,

481/2, 481/4, 440/7, 440/10, 440/13, 445/1A, 445/1B, 440/6, 482/6,

482/7, 482/1, 482/10, 440/12, 482/3, 440/5, 482/2, 481/6, 482/4 and

482/5 admeasuring 23 Acres 69 Cents situated within Palayaseevaram

Village limits of Kancheepuram Taluk and Kancheepuram District

together with all the singular and structures thereon.

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III. OUTSTANDING DUES OF THE SECURED LENDER AS ON THE

DATE OF 13(2) NOTICE UNDER SARFAESI

(As on April 01, 2014)

Name of Secured Lender Nature of assistance Amount

(Rs. lakh)

IDBI Bank Ltd. Rupee Term Loan 3782.02

IDBI Bank Ltd. Working capital facilities 1578.14

Total : 5360.16

(As on October 01, 2015)

Name of Secured Lender Nature of assistance Amount

(Rs. lakh)

IDBI Bank Ltd. Rupee Term Loan 4673.37

IDBI Bank Ltd. Working capital facilities 421.52

IDBI Bank Ltd., Legal/Recovery Expenses 72.27

Total : 5167.16

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IV. TERMS AND CONDITIONS

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 assets/properties mentioned at item No. II of the Tender

Document (hereinafter referred to as the 'Secured Assets') and the same are being sold

free from charges and encumbrances of the secured lenders mentioned at item No.III of

the Tender Document.

2 Issue of Tender/ Offer / Bid Document

The Tender Document along with Offer Form is available from October 27, 2015 to

November 25, 2015 on any working day till banking hours and can be obtained from

Authorised Officer, (Infrastructure Corporate Group), IDBI Bank Ltd., Specialized

Corporate Branch, 115, Saidapet, Chennai – 600 015.

The bid document can also be downloaded from IDBI website (www.idbi.com) And

https://idbi.auctiontiger.net

3 Reserve Price and EMD

BID LOT (1) For Plant & Machinery: Reserve Price: Rs. 13,02,00,000/- EMD: Rs.65,10,000/-

BID LOT (2) For Land & Building: Reserve Price: Rs.29,07,95,000/- EMD: Rs.1,45,39,750/-

BID LOT (3) For Land, Building, Plant and Machinery: Reserve Price: Rs. Rs.42,09,95,000/-

EMD: Rs.2,10,49,750/-

Note: LOT (2) will be sold only after LOT (1) is sold. Priority/First preference will be given for

sale of LOT(3).

4 The sale of Secured Assets is on “As is where is”, “As is what is & whatever there is”

and „without recourse” basis. The description of the immovable properties is based on

the mortgages created by the Borrower with the secured lenders from time to time and

the representations made by them. The AO does not take or assume any responsibility

for any shortfall of the movable/immovable assets or for procuring any permission, etc.

or for the dues of any authority established by law. 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.

It is expressly made clear that the AO / Bank does not take any responsibility to provide

information on the same. The AO / Bank does not take or assume any responsibility for

any dues, statutory or otherwise, of Nandha Energy Limited including such dues that

may affect transfer of the assets in the name of the purchaser and such dues, if any, will

10 | P a g e

have to be borne/paid by the purchaser.

5 Inspection of assets

The interested parties may, at their own cost and expense, inspect the property with prior

appointment on 17.11.2015 to 21.11.2015 (between 11 am to 3 pm) when a

representative of the Authorised Officer/ Recovery Agent would be available at the

property site to facilitate the inspection or on any working day with prior appointment of

Authorised Officer till November 21, 2015.

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 assets, 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 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 premises and details of movable assets and any other

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 abuttal’s of the assets/properties and that

the bidder concurs or otherwise admits the identity of the assets/properties purchased by

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

in the particulars of the assets/properties and their condition.

8 The Bidder 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

due diligence, search of titles to the assets and matters incidental thereto or for any other

purpose in connection with purchase of the assets under reference.

9 Submission of Offer

The Bidder shall complete in all respects the Offer form(s) annexed to the Tender

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 shall initial

each page of the 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 of this

Tender Documents.

Bids can be submitted online also at https://idbi.auctiontiger.net along with required

documents.

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Bid amount is to be entered at https://idbi.auctiontiger.net after getting user-id and

password from abc-procure.

10 The Tender/Offer shall be signed by a person or persons duly authorized by the Bidder

with the signature duly attested.

11 The Tender/Offer shall contain the full address, Telephone No., Fax No., e-mail-ID, if

any, of the Bidder for serving notices required to be given to the Bidder in connection

with the Offer.

12 The Tender/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 Last date for submission of Bid Document

The interested parties may submit Bid Document duly filled and signed along with the

required documents to the Authorised Officer in sealed covers at IDBI Bank Ltd.,

(Infrastructure Corporate Group), No.115, Anna Salai, P.B.No.805, Saidapet, Chennai-

600 015 on any working day but not later than at 04.00 p.m. on November 25, 2015,

along with Demand Draft/Pay Order. The sealed cover should superscribed “Bid

Document – Nandha Energy Limited” and Name and Phone number of Bidder to be

mentioned on left hand side.

Remittance of EMD by way of RTGS and filing e-bids

Bidders who prefers to submit the EMD by way RTGS, may remit the EMD amount in

favour of IDBI Bank Limited, Account No.12934915010013 (Recovery-RPA/Payment

A/c), IFSC Code: IBKL0000129, Branch : No.115, Anna Salai, P.B.No.805, Saidapet,

Chennai-600 015 not later than at 04.00 p.m. on November 25, 2015.

Portal for online submission of bid forms with https://idbi.auctiontiger.net also will be

closed by 04.00 pm on November 25, 2015.

14 Only those bidders will be permitted to participate in the e-auction whose Bid Document

is complete in every respect and whose Demand Draft/Pay Order 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. Bank does not take any responsibility and will not

entertain any complain for any delay in transfer of funds by way of electronic mode.

Form of 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 / Cost of Tender

Document submitted by them, will be intimated by e-mail and through mobile.

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15 Registration with E-Auction Service Provider

1. Participants who are not already registered with the e-auction provider

M/s. e-Procurement Technologies Limited (abcprocure), Ahmadabad, should

register themselves by contacting M/s. e-Procurement Technologies Limited.

2. The participants /intending purchasers are necessarily required to submit

following documents / papers for registration to M/s. e-Procurement

Technologies Limited.

a. Self attested copy of Pan Card

b. Self Attested valid residential proof (Voter Id card, Passport copy, Ration

card, telephone bill, electricity bill - any one)

c. Board resolution to participate in auction in case if bidder is a company.

3. The user id and password will be provided by M/s. e-Procurement Technologies

Limited registered participants / intending purchasers whose Bid Document is

complete in every respect and whose Demand Draft/Pay Order 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 and the documents with further

directions by the e- auction provider company, if any, for log in for quoting Bid

Amount and participating in the auction through online process.

After receiving the userid / password, in case any bidders feel the need for training /

e – auction support (voice and web based), such bidders may contact M/s. e-

Procurement Technologies Limited at Phone No. 079-40230844/41/16, e-mail Id :

support@auctiontiger.net, praveen.thevar@auctiontiger.net,

rikin@auctiontiger.net, Contact Person – Mr. Praveen Kumar Thevar –

09722778828, Mr. Ashok nattar(Chennai) – 9382278866.

The bidders may be participating in e -auction for bidding from their place of

choice and Internet connectivity shall have to be ensured by bidder himself. Bank/

Service provider shall not be held responsible for the internet connectivity, network

problems, system crash down, power failure etc.

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16 Date and Time of e-auction

Date: November 27, 2015.

Time: from 11.00 am to 12 noon IST- with unlimited extension of 5 minutes.

The auction will be conducted only through „online electronic mode‟, starting with the

available highest quote among the bidders, where the participants can improve the quotes.

The inter-se bidding will be with unlimited extension of 5 minutes i.e., the end time of e-

auction by ten minutes each time if bid is made within the last ten minutes before closure

of the auction. The highest bidder in the e-auction immediately on closure of auction

process should submit/send the final price quoted by him by fax message to both the

Authorised Officer, (Infrastructure Corporate Group), IDBI Bank Ltd, No.115, Anna Salai,

P.B.No.805, Saidapet, Chennai-600 015 at 044-2220 2007 and the service provider at 079-

40016876 for getting declared as the highest bidder in the auction.

Increase in Bid Amount :

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

made as under.

In multiples of Rs.5,00,000/- (Rupees Five Lakh Only)

Increase in bid amount below the said Rs.5, 00,000/- will be rejected.

First bid should be of at least equal to Reserve Price or available highest quote among the

bidders where the participants can improve the quotes.

17 In case of default in payment at any stage by the successful bidder/ auction purchaser

within the stipulated time the sale will be cancelled and the amount already paid will be

forfeited and Authorised Officer reserves the right to resell the property to the second/third

highest bidder in the above manner, which shall be treated as if he/she were the only

successful bidder or to conduct the auction again.

AO reserves the right to retain the EMD of top three bids up to one month 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 one month

from the date of e-auction or till further extension of time as may be approved by the AO.

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

18 Payment of Sale Price

The successful bidder would be informed in writing about the acceptance of their bid/offer

by the AO and the highest successful bidder, on the offer / Bid being accepted by the

Authorised Officer shall be required to deposit before 5 pm on succeeding working day of

14 | P a g e

the auction sale, or within such time as may be agreed to by the Authorised Officer in

writing, minimum 25% of the sale price (including EMD) by RTGS/NEFT/Funds Transfer

to the credit of the A/c No. 12934915010013 (Recovery-RPA/Payment A/c) with IDBI

Bank Ltd., No.115, Anna Salai, P.B.No.805, Saidapet, Chennai-600 015, with IFSC Code

“IBKL0000129” OR by A/c Payee Demand Draft/Pay Order drawn in favour of "IDBI

Bank Ltd." issued by any Nationalised Bank/Scheduled Bank and payable at Chennai.

The balance amount of the sale price would have to be paid in a similar manner within 15

(fifteen) days of the date of letter intimating acceptance of his/her bid or within such time

as may be agreed to by the Authorised Officer in writing. The extension of time for

making payment payments shall be at the sole discretion of the Authorised Officer. The

successful bidder shall bear the charges payable for conveyance registration fee, stamp

duty etc as applicable.

19 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.

20 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.

21 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 also be treated as the successful bidder

mentioned in clauses 9 to 16 above and further in terms of this Bid Document.

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 of

acceptance of bid/offer or such extended period as may be granted by the AO 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.

24 The purchaser will be required to bear all the necessary expenses like stamp duty,

registration expenses, etc. for transfer of assets in his/her name. It is expressly stipulated

that there are no implied obligations on the part of the AO or the secured lenders and it

shall be solely the obligation of the Bidder, at his/her cost, to do all acts, things and deeds

15 | P a g e

whatsoever for the completion of the sale including payment of all 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 assets transferred in his /her/their name. 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.

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

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 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 the sole and absolute discretion, reserves

the right to go 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 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 to be

paid 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 Tender Document, the AO reserves the

right to call off the sale process at any point of time without assigning any reasons.

32 Jurisdiction

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

the Courts in Chennai 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/PROPERTY OF Nandha Energy Limited

18 MW Bio Mass Power Plant

Property Details : All that piece and parcel of land comprised in and forming part of

S.No.445/7, 440/1, 440/4, 440/14, 445/6, 440/4, 483/8A, 484/8B, 483/3, 483/5A, 483/7,

483/5B, 483/9A, 484/2B, 483/11, 484/3, 484/9, 483/9B, 484/2A, 445/4, 485/13, 483/6,

484/1, 483/4, 483/2, 483/10, 483/1, 485/11, 480/1, 480/2, 440/11, 440/8, 445/5, 445/2,

481/3, 481/2, 481/4, 440/7, 440/10, 440/13, 445/1A, 445/1B, 440/6, 482/6, 482/7, 482/1,

482/10, 440/12, 482/3, 440/5, 482/2, 481/6, 482/4 and 482/5 admeasuring 23 Acres 69

Cents situated within Palayaseevaram Village limits of Kancheepuram Taluk and

Kancheepuram District together with all the singular and structures thereon.

1 Issue of Bid/Offer

Document

The Tender Document along with Offer Form is available from

October 27, 2015 to November 25, 2015 on any working day till

4:00 pm and can be obtained from Authorised Officer,

(Infrastructure Corporate Group), IDBI Bank Ltd., Specialized

Corporate Branch, 115, P.B No.805, Saidapet, Chennai – 600 015.

The bid document can also be downloaded from IDBI website

(www.idbi.com) and https://idbi.auctiontiger.net

2 Cost of the

Tender/Offer

Document

Free of Cost

3 Last Date and time

for submission of

Tender Document

together with

EMD

November 25, 2015 till 04:00 p.m. at IDBI Bank Ltd.,

Specialized Corporate Branch, Infrastructure Corporate Group,

No.115, P.B No.805, Saidapet, Chennai – 600 015.

OR by online till November 25, 2015 till 04.00 pm.

4 Place, Date and

time of E-Auction

Place: e-auction platform at website: https://idbi.auctiontiger.net

Date : November 27, 2015

Time : From 11.00 am to 12 noon IST - with unlimited extension

of 5 minutes.

5 Mode of

submitting Bid

Amount and

participating inter-

se bidding

ONLINE with https://idbi.auctiontiger.net

* * *

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VI. FORMAT FOR SUBMISSION OF

PROFILE OF THE BIDDER

For purchase of Properties owned by Nandha Energy Limited: All that piece and

parcel of land comprised in and forming part of S.Nos.445/7, 440/1, 440/4, 440/14,

445/6, 440/4, 483/8A, 484/8B, 483/3, 483/5A, 483/7, 483/5B, 483/9A, 484/2B,

483/11, 484/3, 484/9, 483/9B, 484/2A, 445/4, 485/13, 483/6, 484/1, 483/4, 483/2,

483/10, 483/1, 485/11, 480/1, 480/2, 440/11, 440/8, 445/5, 445/2, 481/3, 481/2,

481/4, 440/7, 440/10, 440/13, 445/1A, 445/1B, 440/6, 482/6, 482/7, 482/1, 482/10,

440/12, 482/3, 440/5, 482/2, 481/6, 482/4 and 482/5 admeasuring 23 Acres 69 Cents

situated within Palayaseevaram Village limits of Kancheepuram Taluk and

Kancheepuram District together with all the singular and structures thereon.

(To be filled and submitted by the Bidder/Offerer)

1 a) Full Name of the :

bidder/Offerer

(in Block letters)

b) Complete Postal Address :

with PIN Code:

Telephone Nos.;

Fax Nos.;

Mobile Nos.;

E-mail id:

2 Brief particulars of business :

3 Relationship, if any, the :

Bidder/Offerer has with any

Employee of IDBI Bank Ltd.

4 Details of Earnest Money

Deposit (EMD)

i) Demand Draft No. / :

Pay Order No.

ii) Date of Demand Draft / :

Pay Order

iii) Name of the issuing :

Bank and Branch

iv) UTR Number in case of :

fund transfer

vi) Amount remitted :

v) Date of remittance :

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5 Income Tax Permanent Account :

Number of the bidder (self attested

copy to be enclosed)

6 In case of Companies, the following details to be provided.

A) Address of Registered Office :

B) Date of incorporation :

C) Date of Board resolution

regarding participation in auction :

(copy of resolution to be enclosed)

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, Name and Designation of the

duly authorised official of the Bidder/Offerer

Place :

Date :

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VII. FORM OF APPENDIX TO THE PROFILE (DECLARATION BY

THE BIDDER)

(Note: This Appendix forms part of the Bid/Offer)

To,

Authorised Officer,

IDBI Bank Ltd.,

Infrastructure Corporate Group,

No.115, Anna Salai,

P.B.No.805, Saidapet, Chennai-600 015

Sir,

BID FORM FOR PURCHASE OF PROPERTIES

All that piece and parcel of land comprised in and forming part of

S.Nos.445/7, 440/1, 440/4, 440/14, 445/6, 440/4, 483/8A, 484/8B, 483/3, 483/5A,

483/7, 483/5B, 483/9A, 484/2B, 483/11, 484/3, 484/9, 483/9B, 484/2A, 445/4,

485/13, 483/6, 484/1, 483/4, 483/2, 483/10, 483/1, 485/11, 480/1, 480/2, 440/11,

440/8, 445/5, 445/2, 481/3, 481/2, 481/4, 440/7, 440/10, 440/13, 445/1A, 445/1B,

440/6, 482/6, 482/7, 482/1, 482/10, 440/12, 482/3, 440/5, 482/2, 481/6, 482/4 and

482/5 admeasuring 23 Acres 69 Cents situated within Palayaseevaram Village limits of

Kancheepuram Taluk and Kancheepuram District together with all the singular and

structures thereon.

1 Having fully examined and understood the terms and conditions of the Tender

Document and condition and status of the Secured Assets/property, I/We offer to

purchase the said Secured Assets 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

20 | P a g e

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 at the 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 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 me/us and 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 Authorised Officer or the secured lenders

do not take or assume any responsibility for any dues, statutory or otherwise, of

Nandha Energy Limited. 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 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.

5 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.

6 Required EMD (Rs…………………/-) as per the Bid Document is remitted vide

/DD No……… dated ………. or UTR No……………………………... dated

……. and understand that the EMD will not carry any interest.

7 We understand that the Bid/Offer should be unconditional and Bid/Offer having

conditions contrary to the terms and conditions of the Bid/Offer document can be

summarily rejected.

(Bidder/ Authorised signatory)

(Signature, name and address)

(IN BLOCK CAPITALS)