KARNATAKA STATE FINANCIAL CORPORATION

CENTRAL BRANCH OFFICE

'KSFC BHAVANA', Ground Floor, No.1/1, Thimmaiah Road,
BENGALURU - 560 052
Phone: 22265881
Email: central.ksfc@karnataka.gov.in

TERMS & CONDITIONS OF SALE - In respect of

M/s. Om Packaging Industries

1. The immovable property described herein is in the custody of KSFC that has been taken over
under SARFAESI Act, is for sale through e-auction on 'AS IS WHERE IS BASIS'.

2. Asset brought for sale is Site bearing Site No.79, Katha No.9/2/3, New No.3, 8th Cross, 4th
Main, 4th Block, Ramachandrapur Village, Vidyaranyapura Post, Yelahanka Hobli, Bengaluru-
560097 measuring North-South 40’ and East - West 80’ with 300 Sq ft (Apprx.) AC sheet
roofing building totally 3200 Sq.ft standing in the name of Mr P C Ganesh bounded on East by
: 8th Cross Road, West by : Private Property, North by : N Prabhakar Site No.78 and South by :
Site No.2/1 Sri Building and Sryapradha No.2 will be open for inspection on 13/01/2023
between 11.30 am to 4.00 pm. In the event of the intending purchaser, failing to take inspection
or being unable for any reason to take inspection on the date so fixed for such inspection the
intending purchaser shall be deemed to have taken inspection of the said property.

3. The Reserve price Rs.208.00 lakh

4. The EMD is of Rs.20.08 lakhs EMD will not carry any interest. The last date for submission
of EMD is on 13/02/2023 at 4.00 p.m. The bidder shall pay the EMD amount of Rs.20.08 lakhs
to e-procurement portal http//eproc.karnataka.gov.in For more information please contact e-proc
help desk 080-46010000/22631200.

5. e-auction will commence from 07/02/2023 at 10.30 AM and close by 14/02/2023 at 4.00
PM.
6. The sale is on "AS IS WHERE IS AND WHATEVER THERE IS BASIS". The rule of Caveat
Emptor is applicable.

7. The offerer prior to submitting their offers for assets are expected to visit and inspect the same
at the site at their expenses as the same are being offered to be sold on "AS IS WHEE IS AND
WHATEVER THERE IS BASIS". They should ascertain on their own, all information of the
assets under sale. The details of sale are also published in Vijaya Karnataka and Deccan Herald,
Daily Edition on 05/01/2023 can be perused by the intending bidder.

8. It shall be presumed that all the facts were taken into account by the offerer while submitting
their offers. The offerer shall be deemed to have full knowledge of the assets. Whether he
inspects it or not.

9. The assets will be sold on "AS IS WHERE IS AND WHATEVER THERE IS BASIS". This is
to say, the offerer(s) will be deemed to have made themselves aware of the physical condition,
dimension, size etc., of the assets by inspecting the assets before submitting their offer and no
complaint / claim in this regard will be entertained by KSFC after the submission of the offer.

10. The sale of assets being made by Karnataka State Financial Corporation is and as such shall
not relieve the directors or any persons who may be liable to the secured creditors as guarantors
or otherwise.

11. Karnataka State Financial Corporation do reserve their right to accept or reject any offer
without assigning any reason thereof.

12. The highest offerer in the inter-se bidding shall not be eligible to withdraw his offer till the
finalisation of sale proceedings shall not be entitled to damage interest on the Earnest Money
Deposit.

13. The EMD's of the unsuccessful offers will be returned within one month from the closure
date of e-auction, by way of NEFT / RTGS only. The EMD's will not carry any interest.
14. The final offers so received will be placed before the competent authority for sanction /
acceptance OR otherwise and the intimation of acceptance if sanctioned shall be given to the
offerer within one week from the date of sanction of sale of the assets. The offerer shall pay
balance purchase consideration within 15 days from the date of final acceptance of the particular
offer.

15. After the closure of e-auction, the successful bidder will be intimated through e-mail to pay
25% of the bid amount (including EMD) before closing hours of the next working day and the
sale is subject to the approval of the competent authority. In case the successful bidder fails to
pay this amount within the stipulated time, the EMD paid by him will be forfeited without
further notice. In respect of unsuccessful bidder, the EMD amount will be refunded.

16.KSFC shall not be held responsible if a bidder is not able to bid successfully due to
technical reasons like bad internet connectivity, defective computers, lack of sufficient
knowledge in carrying out bidding etc..

17. After receipt of the initial amount of 25% as above, the offer will be sent for approval of the
Competent Authority. Only after obtaining the necessary approval of the Competent Authority,
the confirmation of sale will be communicated to the bidder. If the sale is not confirmed by the
Competent Authority, the amount deposited will be refunded without interest. No right accrues
on mere submission of bid or deposit of 25% of the bid amount. The balance 75% of the bid
amount shall be paid within 15 days from the date of communication confirmation of sale. In
case, the bidder fails to pay the balance amount within the stipulated time, the amount paid by
him will be forfeited and sale will be cancelled.

18. If the purchaser does not pay the balance amount of purchase consideration to Karnataka
State Financial Corporation, in time, Karnataka State Financial Corporation shall terminate the
sale and forfeit the deposit. The intending purchaser shall not retreat from offers made by them
after Karnataka State Financial Corporation accepts it.
19. As from the date of confirmation of sale of the assets sold to the purchaser, it shall be at their
sole risk, cost and on account of the purchaser as regards the destruction or any damage by fire
or otherwise whatsoever it may be.

20. If the purchaser fails to pay the purchase money payable by him to the Karnataka State
Financial Corporation within the time specified herein above and fails to adhere to the terms and
conditions of sale, then the entire amount deposited by him / her till then shall be forfeited and
Karnataka State Financial Corporation shall be at liberty to sell the assets by conducting sale by
auction without being bound to give previous notice in writing of its intention to sell the assets at
such time and subject to such conditions and in such manner in all respects as Karnataka State
Financial Corporation shall think proper with due sanction as may be applicable. The deficiency
in price, if any occasioned by such subsequent sale or any attempted second sale with interest
thereon from the date of confirmation of the first sale shall immediately to such subsequent sale
be made good and paid by the defaulting purchaser by way of liquidated damages while any
profit of such subsequent sale shall not belong to such defaulting purchaser.

21. Conditional offers and incomplete offers will not be entertained by KSFC.

22. In case, the sale is not confirmed or is set aside on any ground whatsoever, the highest offerer
/ purchaser shall be entitled to refund of his deposit or EMD as the case may be without interest
and shall not be entitled to be paid his costs, charges and expenses occasioned by his offer for the
sale of the property not be declared as purchaser thereof and incidental to the sale nor shall be
entitled to any compensation / damages whatsoever.

23. The outstanding Tax arrears to BBMP, arrears of Electricity charges etc in respect of the
property brought for sale. If any, shall be borne by the successful bidder.

24. (a) On approval of sale in favour of the successful bidder by the Competent authority. KSFC
will issue sale communication confirming the sale of the property subject to additional terms and
conditions, if any, laid out in the matter while approving the sale.

(b) On compliance of the terms and conditions of sale, receipt of sale price in full, possession of
the assets will be handed over to the purchaser by KSFC.
(c) Thereafter, KSFC will request The Sub-Registrar to register the sale certificate in favour of
the purchaser. The purchaser shall bear all the expenses including stamp duty, registration
charges, etc., thereof towards getting the sale deed executed.

25. Any disputes shall be subject to the jurisdiction of court at Bangalore.

26. The owner of the above properties may also bring offers from interested buyers.

27. The Corporation reserves the right to accept or reject any offer without assigning any reason.

28. Interested persons may seek any additional information required and other usual terms and
conditions of sale at the time of inspection or may contact the undersigned.

Delta time of 5 minutes is the time which extends scheduled time of closure of e-Auction in case
bids are submitted during last 5 minutes. For example, the closure time of e-Auction is 11.00 am
and delta time is 5 minutes. In case any bid submitted between 10:57 am and 11:00 am, will
extend the closure of e-Auction by 5 minutes from the last submitted bid time. That means the
closure of e-Auction is extended from 10:57:29 AM (with a round off to 10:58:00 am) to11:03
am i.e., 10:58 am + 0:05 = 11:03 am. Again, if any bidder submits a bid at 11:01:55 am for same
auction notice, then e-Auctions will be extended to 11:02+ 0:05 = 11:07 am. This process will
get continued till no bid receives during the delta period. Above process is applicable only
during Delta period.

29. DOCUMENTS REQUIRED:

a. PAN CARD OF THE BIDDER

b. AADHAAR CARD & ALL OTHER KYC DOCUMENTS OF THE BIDDER.

c. PASSPORT SIZE PHOTOS OF THE BIDDER

d. E-MAIN ID & MOBILE NUMBERS OF THE BIDDER

e. BANK ACCOUNT DETAILS OF THE BIDDER

f. IN CASE OF THE COMPANY AOA, MOA & IN CASE OF FIRM PARTNERSHIP
DEED / FORM'A' & 'C' IN ADDITION TO THE ABOVE DOCUMENTS.

Date : 5-JAN-2023 Sd/-

Place : BENGALURU. ASST GENERAL MANAGER