SALE OF IMMOVABLE PROPERTIES UNDER

SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS

AND
ENFORCEMENT OF SECURITY INTEREST ACT 2002 (SARFAESI Act)

TENDER CUM BID DOCUMENT

ALONGWITH
GENERAL TERMS AND CONDITIONS

BORROWER – PERFECT INFRAENGINEERS LIMITED

Contact Details:
Mr. Jignesh Shelani Mr. Vijay Kumar
Chief Manager Deputy Zonal Manager
ICICI Bank Limited, ICICI Bank Limited,
ICICI Bank Towers, ICICI Bank Towers,
Bandra Kurla Complex, Bandra East, Bandra Kurla Complex, Bandra East,
Mumbai 400051. Mumbai 400051.
Mobile No. 75748 21846 Mobile No. 98208 03292
Email ID jignesh.shelani@icicibank.com Email ID - vijayc.kumar@icicibank.com

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 INDEX

Sr. Particulars Page No.

No.
1. Introduction 3-4
2. Details of Secured Assets / Reserve Price / EMD 4
3. Schedule of the programme 5
4. General Terms & Conditions 6-7
5. Participation 8 - 10
6. Intimation to Successful / Unsuccessful Bidder 11
7. Statutory Payments 12
8. Sale Certificate 12
9. Delivery of possession, Jurisdiction & Other conditions 13
10. Disclaimer 14
11. Technical Terms and Conditions of Online Auction Sale 15 – 16
11. Annexure “A” - Registration Form 17
12. Annexure “B” - List of KYC Documents & Declaration 18 – 20

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 INTRODUCTION

ICICI Bank Limited (hereinafter referred as “the Bank”) has granted credit facilities to Perfect
Infraengineers Limited (hereinafter referred as “the Borrower / Company”) from time to
time, secured inter-alia by way of mortgage / hypothecation Charge on Current Assets,
movable & immovable fixed assets of the Company / Promoters.

The Company failed to repay the debt due to the Bank as per terms of sanction and the
borrower accounts have been classified as Non-Performing Assets, in terms of guidelines
issued by Reserve Bank of India from time to time. The Company failed and neglected to
regularise the accounts despite several reminders and hence, the Bank recalled the credit
facilities and initiated legal action by filing suit in Debt Recovery Tribunal (DRT), Mumbai. The
Bank has also initiated action under the provisions of “Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002” (the Act”)
by issuing Demand Notice dated October 14, 2020. In respect of the Secured Assets, the Bank
has outstanding dues of ₹ 9,37,18,109.29 (Rupees Nine Crore Thirty Seven Lacs Eighteen
Thousand One Hundred Nine and Paisa Twenty Nine Only) as on August 31, 2024 with
further interest and incidental expenses, costs etc. till date of payment or realization.

Pursuant to the Borrower having failed to make payment of the above mentioned dues, the
Bank exercised the rights under the provisions of SARFAESI Act. Accordingly, the Authorized
Officer (AO) of ICICI Bank Limited, in exercise of powers conferred on him under section 13(4)
of the said Act read with the Security Interest (Enforcement) Rules, 2002 (“SARFAESI Rules”)
made therein has taken physical possession of the secured assets situated at Ghatkopar,
Mumbai on July 10, 2023. As per the provisions of the Act, a Notice of Possession was
published on July 12, 2023 in Free Press Journal (English) and Navashakti (Marathi), both
Mumbai Edition.

The AO, further, published Public Notice: TENDER CUM E - AUCTION FOR SALE OF
SECURED ASSETS, in various Newspapers viz. Navshakti (Marathi) and Free Press Journal
(English) for Mumbai on September 14, 2024 calling/inviting bid(s) for sale of various Secured
Assets on the Terms & Conditions as detailed herein. A notice of sale dated September 16h,
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2024 has been served on the Borrower / mortgagors and the same was also affixed on the
mortgaged secured assets.

Details of the Secured Assets / Reserve Price / Earnest Money Deposit etc.
(Amount in ₹)
Lot Details of Property (ies) Reserve EMD
No. Price

1. Flat No. 803, admeasuring 742 sq. ft., on 8th floor in 1,81,00,000/- 18,10,000/-
building A situated at Neelkanth Tower Co-Operative
Housing Society Limited constructed on all that piece
of parcel of land bearing Plot No. 206 of Goradia Nagar
Scheme, bearing Survey No. 249, Hissa No. 4 (part)
admeasuring 3960 sq. yards equivalent to 3,311.07 sq.
mtrs or thereabouts and bearing CTS no. 195/206 of
Village at Ghatkopar, in the registration sub-district
and district of Bombay City and Bombay Suburban

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 SCHEDULE OF PROGRAMME

Reserve Price As mentioned above for respective property.

Earnest Money Deposit (EMD) As mentioned above for respective property.
EMD remittance By way of Demand Draft in favor of “ICICI Bank
Limited” Payable at Mumbai.
Inspection of Properties September 23, 2024 between 11.00 AM. to 3.00 PM.
Last date for submission of online October 05, 2024 by 5.00 PM
application / EMD / KYC documents
etc.
Address for submission of Bid / EMD Mr. Jignesh Shelani (The Authorized Officer)
and other KYC document ICICI Bank Limited,
ICICI Bank Towers,
Bandra Kurla Complex, Bandra East,
Mumbai 400051.
Mobile No. 7574821846

and scan copy to be sent to the below email IDs:

jignesh.shelani@icicibank.com
vijayc.kumar@icicibank.com
Date & time of e – Auction October 07, 2024 between 2.00 PM to 4.00 PM with
auto extension of 5 minutes each in the event of bids
placed in the last 5 minutes.

Bid Multiplier ₹ 1.0 lac for each lot

Intimation to successful Bidder Immediately through email post completion of E Auction
on October 07, 2024
Return of EMD of unsuccessful Within 15 working days from the date of e - Auction.
Bidders The same will be sent through registered AD / Courier.
Last date for payment of 25% of Within 24 hours on receipt of confirmation of sale from
accepted Bid value for confirmed the Authorised Officer of ICICI Bank Limited.
successful Bidder (inclusive of EMD)
Last date for payment of balance On or before the fifteenth day of confirmation of sale or
75% of Bid value on approval of such extended period as may be agreed upon in writing
confirmed successful Bidder by the Authorised Officer.

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GENERAL TERMS & CONDITIONS:

i. It is notified that ICICI Bank Limited is inviting offers through e – Auction for sale of
secured assets possessed under the provisions of Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act 2002.
ii. The assets put up for sale are assets taken in possession under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
(SARFAESI Act, 2002) by the Bank. The AO may withdraw any Lot or part thereof from
sale at any time without assigning any reason for such withdrawal.
iii. Announcements during the auction including announcement of any additional
conditions or correction in the catalogue and/or additions or deletions of items being
offered for sale can be done by the AO and it will be binding on the bidder.
iv. The sale of the property shall be under "as is where is", "as is what is”, “whatever
there is” and “without any recourse basis”.
v. The mortgagors have sold the property to third party purchasers (“Purchaser”) without
taking permission of the Bank in 2018. The said Purchaser have purchased the property
without taking permission from the Bank and the transaction between the mortgagors
and the Purchaser is subject to mortgage in favour of ICICI Bank, which, admittedly is
prior to the transaction done in 2018. The Bank obtained an order dated May 06, 2023
from Chief Metropolitan Magistrate Court, Mumbai for physical possession of the
property & took physical possession of the property on July 10, 2023.
vi. To the best of knowledge and information’s available with Authorised Officer / ICICI
Bank there is no encumbrance other than those of ICICI Bank Limited and details
mentioned above in point no. v on the secured assets. The Bidder(s) / Prospective
purchaser(s) are advised in their own interest to satisfy themselves with the title and
correctness of other details pertaining to the secured assets including quantum, quality,
number, nature, size / area etc. of the Secured Assets as also ascertain any other dues
/ liabilities / encumbrances from the concerned authorities / lenders etc. to their
satisfaction before submitting the Bid / Offer. No queries in this regard shall be
entertained at the time of opening Bid / holding auction and / or thereafter.
vii. The Bidder(s) / Prospective purchaser(s), whose Bid / Offer is accepted by the AO of the

6
 Bank shall not raise any grievance / complaint and shall not be permitted to withdraw
the Bid after his offer is accepted by the AO of the Bank, either on the ground of
discrepancy in quantum, quality, number, size / area, defect in title or on any other
ground whatsoever.
viii. The prospective buyers may at their own cost & expenses, inspect the Secured Asset at
respective Site on September 23, 2024 between 11.00 AM to 3.00 PM. Inspection of
assets at the site will be subject to the usual security rules of the Bank as well as concern
society. Any clarification required may be sought by the Bidders from the Bank at the
time of inspection and no dispute regarding the assets will be entertained thereafter.
ix. After the Bid / Offer of the Bidder(s) / Prospective purchaser(s) is accepted by the AO of
the Bank, such successful purchaser shall be deemed to have unconditionally accepted
all the terms and conditions of sale of the secured assets and further shall be deemed
to have waived all objections as to the title, description, measurements etc. in respect
of such secured assets. The principle of “Caveat emptor” will apply.
x. The Authorised Officer shall have the right to cancel / postpone the auction, whether
before or after opening the tenders, without assigning any reasons and without prior
intimation / notice to the Bidder(s) / Prospective purchaser(s).
xi. Bidders may inspect and verify the title deeds and other documents relating to the
Secured Asset available with the Bank with prior intimation to the Bank.
xii. The Bidder(s) / Prospective purchaser(s) are requested to deal only with AO of the Bank
and / or the person nominated by the AO of the Bank and should not deal with any other
agents / brokers etc.
xiii. For inspection of secured assets, and / or all other purposes related to the e-auction /
secured assets, the prospective bidder may contact the Authorised Officer at below
mentioned address:

Mr. Jignesh Shelani Mr. Vijay Kumar

(Relationship Manager) (Deputy Zonal Head)
ICICI Bank Limited, ICICI Bank Limited,
ICICI Bank Towers, ICICI Bank Towers,
Bandra Kurla Complex, Bandra East, Bandra Kurla Complex, Bandra East,
Mumbai 400051. Mumbai 400051.
Mobile No. 75748 21846 Mobile No. 98208 03292
Email ID jignesh.shelani@icicibank.com Email ID - vijayc.kumar@icicibank.com

7
PARTICIPATION:
i. The Bid / Offer shall be made online through website portal https://DisposalHub.com
ii. An Individual or a Proprietor or a Partnership Firm / Limited Liability Partnership Firm
or Any Public / Private Company through its Authorised Representative can participate
in the e – Auction, provided fulfilment of KYC guidelines, payment of requisite EMD and
complying general terms & conditions of e – Auction and will be considered as Bidder.
iii. A single person shall not be allowed to represent or act as an Authorised
Representative for more than one Bidder.
iv. The prospective Bidder has to register himself with Authorised Officer, ICICI Bank
Limited and should send the Registration Form duly filled in the prescribed Registration
Form attached to this document at Annexure “A” only along with the required KYC
Documents and EMD for the respective secured assets.
v. The Registration Form duly complete in all respects along with EMD and KYC
Documents should be submitted in a SEALED ENVELOPE and super scribed with
“Registration for purchase of Secured Assets – to Perfect Infraengineers Limited.”,
should reach the office at Mr. Jignesh Shelani, Authorised Officer, ICICI Bank
Limited, ICICI Bank Towers, Bandra Kurla Complex, Bandra East, Mumbai – 400
051 latest by 5.00 PM, October 05, 2024.
vi. On receipt of Registration Form duly complete in all respect, the Authorised Officer
would share the required Login ID and password for e – Auction on the registered email
IDs.
vii. Intending bidders may avail a comprehensive online training on E-Auction over phone
from NexXen Solutions Private Limited for any further clarification and Support on
Auction Portal please Contact the central Technical Support Team on +91 98100
29926; +91 1244 233 933; e-mail ID: CSD@DisposalHub.com
viii. For details of the property, please contact Mr. Jignesh Shelani @ 7574821846 or Mr.
Vijay Kumar @ 9820803292.

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ix. Registration Form without EMD or less than the prescribed EMD for respective Lot(s) or
without KYC documents would be considered as Invalid and would stand rejected. EMD
/ Sale Consideration shall be paid by way of Demand Draft / Pay Order drawn on any
Scheduled / Nationalised Bank favouring “ICICI Bank Limited”, payable at Mumbai
only.
x. The Demand Draft / Pay Order should be purchased by the tenderer / offerer only. The
Bank will retain the right to refuse acceptance of Demand Draft / Pay Order issued by
any bank, if the Bank has reason to believe that realization against the said Demand
Draft / Pay Order is doubtful.
xi. The Secured Assets will not be sold below the Reserve Price. Any Bid below the
Reserve Price would be treated as Invalid Bid and stands rejected.
xii. E – Auction window will be opened at URL https://DisposalHub.com on October 07,
2024 at 2.00 PM. The registered Bidder can login with their Login ID and Password
and participate in the E – Auction.
xiii. After submission of EMD / Bids, Bidder(s) are not allowed to withdraw their EMD / Bid
till completion of e - Auction.
xiv. EMD, either in part or in full, is liable for forfeiture in case of default/violation of terms
stipulated in Tender cum Auction Document.
xv. Post auction proceedings, the AO will declare / notify the successful Bidder / Purchaser
in writing / through voice call / email. The successful Bidder / Purchaser would be
required to deposit 25% of sale price (inclusive of EMD) immediately and/or such
extended time period as may be agreed upon in writing by AO but not later than 24
hours from the declaration of successful bidder.
xvi. The balance amount of purchase consideration shall be paid by the successful Bidder /
Purchaser on or before the Fifteenth (15th) day of Confirmation of sale or such extended
period as may be agreed upon in writing by Authorised Officer. In case of failure to deposit
the balance amount within the prescribed period, the EMD and/or any amount deposited,
shall stand forfeited. The Authorised Officer may consider extending the period for payment
of the balance sale consideration at his discretion, if he desires so, but the same does not
vest any right in favor of successful bidder to seek any extension of time beyond the
stipulated period of Fifteen (15) days to pay the balance sale consideration.

9
xvii. The successful Bidder / Purchaser will be required to bear all necessary expenses like
stamp duty, registration expenses, tax, other cost & charges etc) for transfer of the
property in his / her / their name/s only.
xviii. If the dues of the bank, together with all costs, charges and expenses incurred by the
Bank are tendered by or on behalf of the borrower or guarantors at any time before
auction, the Secured Assets shall not be sold or transferred. The Bids along with EMD /
any amount deposited will be returned to respective bidders in such circumstances. The
EMD / Purchase Consideration / any amount deposited with AO, shall not carry any
interest.
xix. The AO reserves his right to accept any or reject all Bids / Offers / Tenders without
assigning any reason and in case all the offers are rejected, either to hold negotiations
with any of the bidder or sell the property through private negotiations with any of the
bidder or any other party / parties or invite fresh bids. The decision of AO in this regard
shall be final.
xx. The highest Bid will only be provisionally accepted on ‘Subject to Approval’ and
complying KYC norms. The highest bidder does not get any right to demand acceptance
of his offer.
xxi. The successful bidder(s) on payment of full sale consideration, shall hold the property
at his 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 the AO shall not be liable for any such loss or
damages.
xxii. The sale / auction is subject to confirmation by the Bank.

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INTIMATION TO SUCCESSFUL / UNSUCCESSFUL BIDDER:

i. The highest bidder will be informed through intimation letter and / or E-Mail and / or
voice mail on closing of e - Auction. Please note that date of sending e-mail will be
considered as Date of Intimation, as and where applicable.
ii. If no Intimation reaches for reasons beyond our control, the bidders are expected to take
efforts to find out status. Non-receipt of Intimation should not be an excuse for Non-
payment. ICICI Bank Limited will not be liable for wrong e-mail ID registered by the
bidder or for return of the mail for mailbox being full.

iii. Bidders must clearly note that there is no provision whatsoever to participate in the
auction by giving counter conditions at variance with the terms and conditions
prescribed. Any communication received from the bidders containing such counter
conditions at any time shall be ignored.

iv. In the event of failure on the part of the successful bidder to fulfill his contractual
obligations ICICI Bank Limited reserves the right to debar such bidder from participating
in any future Tender / auction on behalf of ICICI Bank Limited.

v. The EMD of unsuccessful bidders will be returned within Fifteen (15) working days from
date of E - Auction. The same will be sent through registered AD / Courier under
acknowledgement. The Bidders are requested to provide their complete address to
avoid return / misplacement of EMD / communication etc. ICICI Bank shall not be liable
for such return / misplacement of EMD in such circumstances.

11
STATUTORY PAYMENT:

i. The Tenderer / Bidder will have to abide by the rules and regulations of the local
authority with respect to transfer or use of the said movable / immovable property(ies).

ii. As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein
the sale consideration of the property exceeds or is equal to ₹ 50,00,000 (Rupees Fifty
lacs). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect
from June 1, 2013, Tax @ 1% should be deducted by the purchaser of the property at
the time of making payment of sale consideration. The Successful purchaser would be
required to deposit required tax with the Government within the time period and the
Certificate needs to be deposited with the AO at the time of final payment.

SALE CERTIFICATE:
 TDS @ 1% will be applicable, as the auction purchase price is more than ₹ 50.0 lacs.

 Upon payment of full sale consideration and complying other terms of the sale including
and submission of Form 26 QB alongwith payment challan for deposit of TDS amount
to Bank, a Sale Certificate will be issued by the Authorised Officer of the Bank in the
name of the Original Bidder as recorded in the Bid Document. Any further correspond-
ence will be only with the bidders whose name and address are recorded in the Bid
Document only.

 The successful Bidder / Buyer, upon full payment of sale consideration and issuance of
Sale Certificate, may get the same registered with Sub – Registrar / Registrar and / or
the required statutory body within Three (3) months from the date of issuance of Sale
Certificate, at their own cost.
 The successful Bidder / Purchaser will be required to bear all necessary expenses like
stamp duty, registration expenses, tax, other cost & charges etc. for transfer of the
property in his / her / their name/s only.
 In the event of any stay/injuction/restraint order after conduct of the auction the Sale
Certificate will not be issued pending operation of such order passed by the
DRT/DRAT/High Court or any other Court/Tribunal against the issue of Sale Cer-
tificate/confirmation of sale.
 No request for return of deposit either in part or full/cancellation of sale will be enter-
tained.

12
Delivery of Possession:

a) All expenses and incidental charges thereto shall be borne by the Successful Bid-
der/Purchaser.
b) After delivery of the Title Deeds and issuance of Sale Certificate for the Secured Assets,
Successful Bidder/ Purchaser shall hold the Secured Asset at its sole risk and cost as
regards any loss or damage to the Secured Asset by fire or earthquake or any other
natural calamities or from any other cause whatsoever and the Authorized Officer shall
not be liable for any such loss or damages.
c) In the event of any stay/injuction/restraint order, the possession will not be handed over
to the Successful Bidder pending operation of such order passed by the DRT/DRAT/High
Court or any other Court/Tribunal. ICICI Bank shall not be liable for any such loss or
damages arising out of such stay/ injunction/restraint order passed by authority/tribu-
nal/courts.

Jurisdiction:
a) Any dispute / difference arising out of sale of the Secured Asset offered for sale shall be
subject to the exclusive jurisdiction of Courts / Tribunals at Mumbai only.
b) Words and expressions used herein above shall have the same meaning respectively
assigned to them in the Securitization and Reconstruction of Financial Assets and En-
forcement of Security Interest Act, 2002 and the Rules framed there under.

Other Conditions:

a) The Authorized Officer will be at liberty to amend/ modify/ delete any of the conditions
as may be deemed necessary in the light of facts and circumstances of each case.
a) The Authorised Officer shall have the right to cancel / postpone the auction, whether
before or after opening the tenders, without assigning any reasons and without prior
intimation / notice to the Bidder(s) / Purchaser(s).
b) The Authorized Officer reserves the right to accept or reject all or any bid or bids without
assigning any reason and to postpone or cancel the sale without assigning any reason.
c) Bidders shall be deemed to have read and understood all the general terms and condi-
tions of online auction sale and are bound by the same.
d) No counter-offer/conditional offer/conditions by the bidder and/or Successful Bidder will
be entertained.
e) Prospective Bidder(s), Bidder(s) / Purchaser(s) are requested to deal only with the
Authorized Officer of ICICI Bank Limited and should not deal with any other agents.
f) If all the dues of ICICI Bank Limited owed by the Borrower ie. Outstanding Due together
with all costs, charges and expenses incurred by ICICI Bank Limited are tendered by or
on behalf of the borrower or guarantors or mortgagor at any time before the date of e-
auction, the Secured Assets in question shall not be sold or transferred.

13
DISCLAIMER:
i. The AO / Bank does not take responsibility of the quality, documentation details of the
assets being sold. The buyers agree to defend, indemnify and hold the Bank harmless
from any loss, damage, cost and expenses caused by any reason during this
transaction. In no event shall Bank be liable for any loss for the transactions by
business, revenues, profit, costs direct and incidental, consequential or punitive
damages of any claim.
ii. The particulars of movables & immovable secured assets specified herein above have
been stated to the best of the information and knowledge of the AO. The AO / Bank
does not provide any guarantee of the accuracy of the information / details provided or
description of the movables & immovable secured assets put up for sale. The AO of the
Bank shall not be answerable or liable for any error, mis-statement or omission with
regard to the same.
iii. The tenderers / bidders / offerers should satisfy themselves on the title, ownership, and
statutory approvals etc. before participating in the auction. The AO / Bank shall not be
liable for any dues / charges including outstanding water / service charges, transfer
fees, contribution to the building repair fund, electricity dues, dues / arrears of the
Municipal Corporation / local authority / Society / Builder, taxes and / or dues of any
other nature, if any, in respect of the movable & immovable properties / Secured Assets.
The AO / Bank does not undertake any responsibility to procure any permission / license
etc. in respect of the movable & immovable properties / Secured Assets offered for sale.
iv. In case of any discrepancy between the publication of auction notice in English &
vernacular newspaper, then in such case the English newspaper will supersede the
vernacular newspaper and it shall be considered as the final copy, thus removing the
ambiguity.
v. ICICI Bank Limited shall not be responsible for any costs, charges or damages claimed
by any bidder, in the event the sale of the Secured Asset is not completed for any reason
whatsoever.
vi. Any dispute / difference arising out of sale of the movable & immovable secured assets
offered for sale shall be subject to the exclusive jurisdiction of Courts / Tribunals at
Mumbai only.

14
 Technical Terms and Conditions of Online Auction Sale

1. Prospective bidder shall have a valid e-mail id.

2. Prospective bidder has to register with the “online” service provider.

3. Only upon verification of the bid form and confirmation of receipt of EMD by the Author-
ised Officer of the Bank, the User ID issued by the online service provider will be acti-
vated permitting the bidder to enter into the website of the service provider for bidding.

4. Bidders should not disclose their User ID as well as password and other material infor-
mation relating to the bidding to any one and to safeguard its secrecy.

5. Bidders are advised to change the password immediately on receipt from the service
provider.

6. Time Extension: If any market leading bid (bid higher than the highest at the point in
time) is received within the last five minutes of closing time, the time of auction sale will
get automatically extended by another five minutes and subsequently, if no further bid
higher than the last quoted highest bid is received within the said extended five minutes,
the auction sale will be automatically closed at the expiry of the extended five minutes

7. Training: The online service provider will provide training “online” if required by the Bid-
ders at a mutually convenient date and time before the auction.

8. Bids: All bids placed are legally valid bids and are to be considered as bids from the
bidder himself. Once the Bid is placed, the Bidder cannot reduce or withdraw the Bid for
whatever reason. If done so, the EMD amount shall be forfeited.

9. The highest and the latest Bid on the auction shall supersede all the previous Bids of
the respective Bidders. The Bidder with the highest offer/ Bid does not get any right to
demand acceptance of his Bid in case any stay order is received by the Bank.

10. The Bidder shall be solely responsible for all consequences arising out of the Bid sub-
mitted by him (including any wrongful bidding) and no complaint/ representation will be
entertained in this regard by the Bank.

11. The intimation to the Bidder/ Bidders concerned of having declared successful in the
auction sale will primarily be sent to them through e-mail. The date of sending the e-
mail will be considered as date of intimation.

12. If no intimation reaches for reasons beyond the control of the Bank, the bidders are
required to take efforts to ascertain the status. Non-receipt of intimation shall not be a
ground for nonpayment or delayed payment. Bidders must therefore keep a watch on
their incoming e-mail and/or letter or can contact the Mr. Jignesh Shelani, Authorized

15
 Officer of ICICI Bank Limited at 91 7574821846 or write at jignesh.shelani@ici-
cibank.com. The Bank will not be liable for wrong e-mail id registered by the bidder or
for return of the mail for mailbox being full.

13. Demo/mock auction: For Bidders who have indicated non-familiarity with e-Auction,
training on a DEMO/MOCK Auction will be arranged in a manner and on such date by
the service provider as may be specified in the Schedule Programme. Only those Bidders
who have registered themselves for the Auction by submitting the “Declaration Form”
and have also paid the EMD can participate in this Mock Auction. No training will be
given during the actual e-Auction.

14. Note of caution for the Bidders: Bidders may encounter certain unforeseen problems
such as time lag, heavy traffic, system/ power failure at the Bidders end for which Bank
will not be responsible.
**********************

16
 Annexure “A”
Registration Form
To be submitted on the Letter Head along with EMD.
Date:
I/We confirm having gone through the tender terms and conditions and agree to take part in
the E - Auction for sale of secured assets with respect to Borrower M/s. to Perfect
Infraengineers Limited on “As is where is”, “As is what is” and “whatever there is” without
any recourse basis.
Having inspected the property and satisfying the condition and type of the same, I/we also
understand that I/we am/are legally bound to purchase the Property / material at the Price at
which I/we place the bid.

Name of the Company / Firm / Individual

Name of the Authorised Person
Designation of Authorised Person
Address of the Company / Firm / Individual
(Please attach supporting proof)

Phone Number
Mobile number of Authorised Person
E mail ID
Referred by Name of the agency with vendor code

Details of EMD:

Lot No. DD/PO No. Bank Name Branch Date of Amount

DD/PO

I/We have read and understood the detailed tender 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, I/We shall not hold the
Authorised Officer or the Bank responsible for the same and shall not have any claim
whatsoever against either of them.

Signature of Individual / Authorised Countersigned by Agency referred

Signatory with name & company seal

Place:

17
 Annexure “B”
KYC Documents to be produced by Company
 Certificate of Incorporation
 Board Resolution (BR)
 Memorandum of Association (MOA) & Articles of Association (AOA)
 Certificate of Commencement of Business (COB) (only for Public Ltd Company)
 Latest list of directors / Authorized Signatory
 Communication address proof in the name of company
 Registered address proof of the company
 Identity proof of authorized signatories along with 2 PP/Stamp size photograph
 PAN Card of the company or Form 49 A along with Form 60 Only (for New Companies
which are less than 90 days)

KYC Documents to be produced by Partnership Firm

 Partnership deed
 Partnership Registration Certificate (if partnership firm is registered with Registrar of
Firms)
 PAN Card in the name of firm or Form 49 A along with Form 60 (if applied for PAN)
 Address proof in name of the firm from (if address is different or not given on the
Entity proof):
Latest three months Bank Account Statement
Latest copy of Electricity Bill
Latest copy of Telephone Bill
Property Tax bill along with Tax payment receipts
Water Tax bill along with Tax payment receipts
 Identity and Address proof of all partners along with 2 Passport size /Stamp size
photograph

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 KYC Documents to be produced by
Individual / Proprietor / Partners / Directors / Authorized Signatories

List of Documents Eligible for Eligible for

Identity Proof Address Proof
PAN Card Yes No
Passport Yes Yes
Voter Identity Card Yes Yes
Driving License Yes Yes
Aadhaar Card issued by UIADI Yes Yes
Senior Citizen Card issued by State / Central Govt. Yes Yes
Fisherman ID Card issued by State / Central Govt. Yes Yes
Arms License Yes Yes
Utility Bills (Electricity / Telephone) not older than 3 No Yes
months
Watertax bill along with receipt not older than 6 months No Yes
Property Tax bill along with tax payment receipt not older No Yes
than One year
Latest 3 months Bank statements from scheduled No Yes
commercial bank with Bank Pass Book / Original Letter
from existing banker
Consumer Gas Connection Card along with receipt of gas No Yes
supply not older than 3 months
Registered Leave & License Agreement along with utility No Yes
bill not older than 3 months

****************************

19
 DECLARATION

Date:

To,
The Authorised Officer,
ICICI Bank Ltd (“Bank”)
ICICI Bank Tower
BKC, Bandra (E).\
Mumbai-400 050

Dear Sir/Madam,

1. I/We, the Bidder/s aforesaid do hereby state that, I/We have read the entire terms and
conditions of the sale of the Secured Asset published on September 14, 2024 and un-
derstood it fully. I/We, hereby unconditionally agree to confirm with and to be bound by
the said terms and conditions and agree to take part in the Online Auction.
2. I/We declare that the Earnest Money Deposit (EMD) and other deposit towards pur-
chase-price are made by me/us as against my/our bid and that the particulars remit-
tance given by me/us in the bid form is true and correct.
3. I/We further declare that the information revealed by me/us in the bid document is true
and correct to the best of my/our belief. I/We understand and agree that if any of the
statement/information revealed by me/us is found to be incorrect and/or untrue, the bid
submitted by me/us is liable to be cancelled and in such case, the EMD paid by me/us is
liable to be forfeited by the Bank and the Bank will be at liberty to annul the offer made
to me/us at any point of time.
4. I/We also agree that after my/our offer given in my/our bid for purchase of the Secured
Asset is accepted by the Bank and I/We fail to accept or act upon the terms and condi-
tions of the sale or am/are not able to complete the transaction within the time limit
specified for any reason whatsoever and/or fail to fulfill any/all the terms and conditions
of the bid and offer letter, the EMD and any other monies paid by me/us along with the
bid and thereafter, are liable to be forfeited.
5. 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 Authorized Officer goes for
re-bidding or sells the Secured Asset by any of the modes including but not limited to
sale by negotiation with any of the bidders and/or other parties by private treaty. The
decision taken by the Authorized Officer of the Bank in all respects shall be binding on
me/us.
6. I/We also undertake to abide by the additional conditions if announced during the auc-
tion including the announcement of correcting and/or additions or deletions of terms
being offered for sale.
7. I/We also enclose a Demand Draft / Pay Order of value Rs.
_______________________towards Earnest Money Deposit (EMD) in the name of "ICICI

20
 Bank Limited" payable at Mumbai. We understand that the EMD will not carry any in-
terest.
8. We understand that the bid/offer should be unconditional and bid/offer having condi-
tions contrary to the terms and conditions of the Bid Document can be summarily re-
jected.
9. Capitalized terms used but not defined herein shall have the meaning assigned to such
term under the Tender cum Auction Document.

Signature: ……………………………
Name:…………………………………
Address:………………………………
e-mail id & Mobile:……………………………
****************************

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