(Annexure-'l5 AI

THE TERMS ANO CON DITIONS OF SALE TO BE UPLOADED ON THE WEBSITE

OF THE SECURED CR EDI T oR.

PROPERTY WILL BE SOLD ON

"AS IS WHERE IS, AS IS WHAT IS ND WHATEVER THERE IS" BASIS

1 Name and address of the M/s. Agri Fibers Ltd.

Borrower 101, 21't Century Busjness Centre, Eeside wortd Trade
Centre, Rinq Road, Surat 195 002.
2 Name and address of STATE BANK OF INDIA
Branch. the secured creditor Stressed Assets Management Branch, Paramsiddhi
Complex, 2nd Floor, Opp.V.S.Hospital, Ellisbridge
Ahmedabad-380 006.
3 Description of the Aq8:li Commercial Property at 801/4, 8th Floor, 21st
immovable secured assets Century Business Centre, B/s World Trade Centre, Ring
to be sold. Road, Rustampura, Surat. (Area: 1180 square feet)
standing in lhe name of Mrs. Sejal Manojbhai
Mevawala.
49&4 Commercial Property at 801/8, 8th Floor, 2'lst
Century Business Centre, Beside World Trade Centre,
Ring Road, Rustampura, Surat. (Area: 1180 Sq. ft)
standing in the name of Mr. Shashikant Ganpatbhai
Palel.
Ao&X Commercial Property at 810/8, 8th Floor, 21st
Century Business Centre, Beside World Trade Centre,
Ring Road, Rustampura, Surat. (Area: 1115 Square
feet) standing in the name of Mr. Prashant Kantibhai
Patel
4 Details of the encumbrances There are no encumbrances advised to the Bank.
known to the secured However, the intending bidders should make their own
creditor. independent inquiries regarding the encumbrances, litle
of properties put on auction and
claims/rights/dues/affecting the property, prior to
submitting their bid. The e-Auction advertisement does
not constitute and will not be deemed to constitute any
commitment or any representation of the bank. The
property is being sold with all the existing and future
encumbrances whether known or unknown to the bank.
The Authorised Offlcer/ Secured Creditors shall not be
responsible in any way for any third-party
claims/rights/dues.
5 The secured debt for Rs.32,65,05,142.08 + lnterest thereof + other expenses
recovery of which the & costs as per demand Notice dated 16.07.2014. Less:
property is to be sold Recoveries thereafter

Annexure-15 A - i,4/s. Agri Fibers Ltd. 1

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6 Deposit of earnest money
7 Reserve price of the
immovable secured assets:
Bank account in which
EMD to be remitted.
EMD: 498:!: Rs .5,00,000.00
Aq&?: Rs . 5,00,000.00
AqE!: Rs . 4,70,000.00
being the 10% of Reserve price to be remitted by
RTGS/NEFT to the Bank account or Demand Draft
draw in favour of SBI account (M/s. Agri Fibers Ltd.)
SAM Branch, Ahmedabad drawn on any Nationalised
or Scheduled Bank .
AGR-1: Rs.50,00,000.00
AGR-2: Rs 50,00,000.00
AE&g: Rs .47,00,000.00
A,/c No.: 31666015329
IFSC: S81N0006926
Bank: State Bank of lndia
Address: Commercial Branch, Paramsiddhi complex,
Opp. V.S.Hospital, Ellisbridge , Ahmedabad-38o 006

Last Date and Time within Time: 5:00 pm

which EMD to be remitted: Dale:2610412021
8 Time and manner of The successful bidder shall deposit 25% of sale price,
payment after adjusting the EMD already paid, immediately, i.e.
on the same day or not later than next working day, as
the case may be, after the acceptance of the offer by
the Authorised Offlcer, failing which the earnesl money
deposited by the bidder shall be forfeited. The Balance
75o/o ot lhe sale price is payable on or betore the lsth
day of confirmation of sale of the secured asset or such
extended period as may be agreed upon in writing
the Secured Creditor and the auction
between
purchaser not exceeding three months from the date of
auclion.
I Time and place of public 2710412021 from 11 .00 am to '12.00 noon with unlimited
auction or time after which extensions of 5 Minutes each.
sale by any other mode
shall be completed.
10 The e-auction will
be M/s. M/s e-Procurement Technologies Lamited at the
conducled through the web po rtal httpsr//sbi.auctio ntiqer.net.
Bank's approved service
provider. Address: e-Procurement Technologies Limited-Auction
Tiger, 8-704, Wall Street - ll, Opp. Orient Ctub, Nr.
E-auction tender
Gujarat College, Ellis Bridge, Ahmedabad 380006 -
documents containing e- Guiarat (lndia).
auction bid form, declaration
etc., are availabb in the Contact No.: 9265562821 - 079 61200 594/598/ 568/
website of the service 587/538

Annexure-15 A - M/s. Agri Fibers Ltd 2

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 provider as mentioned E-mail Address:ouiarat@auctiontioer.net,
above chintan.bhatt@auctiontiqer. net
11 (i) Bid increment AGR-1: Rs 50,000.00
amount: AGR-2: Rs.50,000.00
AGR-3: Rs.50,000.00

(ii) Auto extension: Unlimited

_ times. (limited /
unlimited)
(iii) Bid currency & unit of RTGS / NEFT / Demand Draft in Rupees
measuremenl
12 Date and Time during AGR-1: Date:20.04.202'l 12.00 noon to 1.00 pm
which inspection of the AGR-2: Date:20.04.202'l '12.00 noon to 1.00 pm
pm
immovable secured assets AGR-3 Date: 20.O4.2O2'l 12.00 noon to 1.00
to be sold and intending
bidders should satisfy
themselves about the
assets and their
speciflcation.

Name: Shri Niraj D Waghela

Contact person with mobile
number
13 Other conditions
Mobile No. 7600042606
(a) Bidders shall hold a valid digital Signature
Certificate issued by competent authority and valid
email lD (e -mail lD is absolutely necessary for the
intending bidder as all the relevant information and
allotment of lD and Pass word by M/s E-
Procurement Technologies may be conveyed
through e mail.

(b) The intending bidder should submit the evidence of

EMD deposit like UTR number along with Request
letter for participation in the E-auction, self-attested
copies of (i) Proof of ldentiflcation(KYc) Viz ID
card/Driving License/Passport etc., (ii) Current
Address -proof of communication, (iii) pAN card of
the bidder (iv) Valid e-mait tD (v) Contact
number(mobile/Land line of the bidder etc., to the
Authorised Officer of State Bank of lndia. SAi,
Branch, Ahmedabad, 2nd Floor, paramsiddhi
Complex, Ellisbridge, Ahmedabad-380006 by
2610412021 and 05:00 pm. Scanned co pies of the

Annexure-15 A - M/s. Agri Fibers Ltd

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 original of these documents can also be submitted
to e-mail ld of Authorised Officer
sbi.04199@sbi.co.in.

(c) Names of Eligible Bidders will be identified by the

State Bank of lndia, SAM Branch, Ahmedabad to
participate in online e-auction on the portal
neV
httDs://sbi.auctiontiqer. E-Procurement
Technologies will provide User lO and Password
after due verification of PAN of the Eligible Bidders

(d) The successful bidder shall be required to submit

the final prices, quoted during the e-auction as per
the annexure after the completion of the auction,
duly signed and stamped as token of acceplance
without any new condition other than those already
agreed to before start of auction.

(e) During e-auction, if no bid is received within the

specilied time, State Bank of lndia at its discretion
may decide to revise opening price/ scrap the e-
auction process/ proceed with convenlional mode
of tendering.

(0 The BanU service provider for e-auction shall not

have . any liability towards bidders for any
interruption or delay in access to the site
irrespective of the causes.
(9) The bidders are required to submit acceplance of
the terms & conditions and modalities of e-auction
adopted by the service provider before
participating in the e-auction.

The bid once submitted by the bidder, cannot be

cancelled/withdrawn and the bidder shall be bound
to buy the property at the final bid price. The failure
on the part of bidder to comply with any of the
terms and conditions of e- auction, mentioned
herein will result in forfeiture of the amount paid by
the defaulting bidder.

Annexure-15 A - M/s. Agri Fibers Ltd 4

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 (h) Decision of the Authorised Officer regarding
declaration of successful bidder shall be final and
binding on all the bidders.

(i) The Authorised Officer shall be at liberty to cancel

the e-auction process/tender at any time, before
declaring the successful bidder, without assigning
any reason.

0) The bid submitted without the EMD shall be

summarily rejected. The property shall not be sold
below the reserve price.

(k) The conditional bids may be treated as invalid.

Please note that after submission of the bid/s, no
correspondences regarding any change in the bid
shall be entertained.

(l) The EMD of the unsuccessful bidder will be

refunded to their respective fuc numbers shared
with the Bank. The bidders will not be entitled to
claim any interest, costs, expenses and any other
charges (if any).

(m) The Authorised Otlicer is nol bound to accept the

highest offer and the Authorised officer has
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 creditor.

(n) ln case of forfeiture of the amount deposited by the

defaulting bidder, he shall neither have claim on
the prope(y nor on any part of the sum for which
may it be subsequently sold.

(o) The successful bidder shall bear all the necessary

expenses like applicable stamp duties/additional
stamp duty/transfer charges, Registration
expenses, fees etc. for transfer of the property in
his/her name.

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 (p) The payment of all statutory /non- statutory dues,
taxes, rates, assessments, charges, fees etc.,
owing to anybody shall be the sole responsibility of
successful bidder only.

(q) ln case of any dispute arises as to the validity of

the bid (s), amount of bid, EMD or as to lhe
eligibility of the bidder, authority of the person
representing the bidder, the interpretation and
decision of the Authorised Ofricer shall be final. ln
such an eventuality, the Bank shall in its sole
discretion be entitled to call ot the sale and put the
property to sale once again on any date and at
such time as may be decided by the Bank. For any
kind of dispute, bidders are required to contact ihe
concerned authorised offlcer of the concerned
bank branch only.

(r) The sale certificate shall be issued after receipt of

entare sale consideration and confirmation of sale
by secured creditor. The sale certificate shall be
issued in the name of the successful bidder. No
request for change of name in the sale cerlificate
other than the person who submitted the
bid/participated in the auction will be entertained.

c.s] Ef'b\
Dale:0610412021 {fl
AUTHORISED OFFICER,
Place:Ahmedabad
STATE BANK OF INDIA

Annexure-15 A - M/s. Agri Fibers Ltd 6