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Auction ID :A0135

Valid Till : 08-Apr-2021 Posted Date : 05-Mar-2021 15:53  
Asset Type : Immovable
Property Type : Factory Land and Building
Reserve Price : Rs. 2,26,05,000.00
(Rs. Two Crores Twenty Six Lakhs Five Thousand )
Year of Construction / Age of Machinery :
Owner Information
Owner Of the Asset : PERFECT ALLOYS
Address1 : IDUSTRIAL DEVELOPMENT PLOT
Address2 : MUNDANCAVU
City : CHENGANNUR
Taluk : CHENGANNUR
District : ALAPPUZHA
State : Kerala
Country : India
Pincode : 689121
Type of facility Sanctioned : TL/WCTL
Total Liability : Rs. 13,17,23,863.00
(Inwords: Thirteen Crores Seventeen Lakhs Twenty Three Thousand Eight Hundred and Sixty Three)
Total Liability is as on : 05-Mar-2021
Asset Information
Asset Address1 : INDUSTRIAL DEVELOPMENT PLOT
Asset Address2 : MUNDANCAVU
Asset Taluk : CHENGANNUR
Asset City : CHENGANNUR
Asset District : ALAPPUZHA
Asset State : Kerala
Asset Country : India
Asset Pincode : 689121
Description of the Property :

All that part and parcel of land ad measuring 118.55 cents (47.976Ares), together with factory  building comprising  of 30254 Sq. ft. and all other things attached thereto, comprised in Sy.no.6/2,6,6/5 of Chengannur village,Chengannur Taluk , Alappzua District and situated in Chengannur Municipality. Industrial plot is situated in Industrial Develpment Area allotted by District Industries Centre(DIC), Alappuzha to partnership firm M/s Perfect Alloys as per vide proceedings Nos.D/1913/93 dated 8.10.2002,D1/8956/2001 dated 10.06.2005, D1/8956/2001 dated 25.10.2007 ,D1/8956/2001 dated 08.01.2008, D1/145/2008 dated 9.7.2008, D1/4482 /98 dated 13.1.2009, D1/8956/2001 dated 25/11/2009 and D1/8956/2001 dated 22.01.2010 of General Manager,District Industries Centre,Alappuzha.

Reserve price fixed as follows:-

Land (118.55 cents)- Rs.177.83 lakhs

Industrial Building    -Rs.35.47 lakhs

P&M                        - Rs.12.75 lakhs

Total                       -Rs.226.05 lakhs            

Terms & Conditions : I. GENERAL CONDITIONS
1. The e-sale/auction shall be registered online only.
2. The e- sale/auction could be made for the purchase of the whole unit/industrial concern or for the movable/ immovable assets like Land & Building and machinery or Vehicles etc. separately. If bids are submitted for Machinery alone the same shall be considered subject to the possibility of the Machinery being dismantled and removed without affecting its condition, and it shall be at the risk of the bidder.
3. Inspection of the Properties ie, the Industrial concern notified for e-sale or part thereof shall be allowed at specified time by the authorised officer of the Corporation and the interested parties are free to have the inspection before submitting e-bids.
4. The bids shall be received only till the time specified in the notification/advertisement mentioned and shall be submitted with Bid key provided against the asset ID specified. The bid is opened automatically for e- sale/auction on the bid opening date and time.
5. The Corporation is free to accept or reject any bids without assigning reasons. The Corporation also reserves the right to postpone or cancel the e- sale/auction or bid and to re-tender or re-auction or to negotiate with the tenderors or with anybody interested to purchase the unit or properties involved who offers better terms.
6. Once an e-sale/e-auction is confirmed the tenderer or the party in whose favour the sale is decided shall remit a minimum of 25% (Twenty five percent) of the e-sale value or amount so specified/agreed, upon with the Corporation, within 7 (seven) days of the confirmation or on the date so specified in the auto mail/SMS of confirmation. E M D will be adjusted against this amount. If the successful e-tenderor/e-bidder fails to make the payment as aforesaid and take delivery of the properties involved, the auto mail/SMS of confirmation shall stand revoked automatically and the E M D shall stand forfeited. Similarly if after making the advance as prescribed, the bidder fails to make further payment and get the deal settled, the advance so paid shall stand forfeited. The Corporation will then be free to retender and/or re-auction the industrial concern or part thereof or carry on negotiation at the risk of the e-tenderor and for any loss or damages caused in this account shall be recoverable from the e-tenderor/e-bidder/parties.
7. The balance 75% (Seventy five percent) of the bid amount will be deposited by the party within 30 (thirty) days of the confirmation. The unit/property/ machinery/Vehicle will be handed over only after the execution of the sale deed/sale note in favour of the bidder/e-tenderor or his nominee. In the case of deferred payment with approval of the Corporation in deserving cases the unit will be handed over only on sufficient collateral security and on the security of the industrial site sold.
8. Any outstanding dues on account of Electricity and water supply or other statutory dues, if any, shall be borne by the bidder and the Corporation shall not be responsible for the same.
9. The industrial concern/other assets (movable/immovable) or part thereof e-auctioned/sold by the Corporation will be in "as is where is condition" and the Corporation will not be responsible for any defect or damage caused or bad performance of any or whole of the property/assets/movable/immovable so sold.
10. It shall be the responsibility of the bidder to get the industrial land or building or both re-allotted to the purchaser by the appropriate authority in case of industrial Concern situated in any Industrial Estate, Mini Industrial Estate, Development Area, or Development Plot etc by payment of separate fees/value/usage charge/outright purchase money/lease rent etc as may be fixed by the concerned authority.
11. The sale deed/ sale note as the case may be shall be executed and registered by the Corporation at the expense of the bidder or purchaser.
12. The successful bidder shall have to deduct TDS applicable on the sale value or amount and submit a copy of the original receipt of TDS certificate of Corporation.
13. In the case of vehicles sold, the Corporation has no responsibility in the matter of permit, licence of any penalty imposed under law. The Corporation shall not be responsible for tax arrears if any due on the vehicle and it shall be the responsibility of the bidder to get the vehicle transferred in his name at his expense for which all necessary applications and forms will be signed and given to the purchaser by the Corporation.
14. The Corporation reserves the right to accept or reject the e-bids without assigning any reason whatsoever.

II. SPECIAL CONDITIONS SETFORTH BY THE ADMIN/AUTHORISED OFFICER.

1.Auctioned land should be used for Industrial Purpose only.

2.The Power of the bidder over auctioned industrial land will be subject to the timely orders issued by Kerala State Government industrial land allottment and assessment rules.

3.Accouring to the rules,an application can be submitted through DIC ,Alappuzha to get a patta for Industrial land.

Payment in favour of : Kerala Financial Corporation
DD payable at (or) through RTGS/NEFT/IMPS to the Credit Account to(A/c No: & IFSC Code) : 10150200015346 The Federal Bank LTD,Mullackal,Alappuzha FDRL0001015
If DD, it should be sent to (or) email fund transfer details to : alp@kfc.org Or The Chief Manager Kerala Financial Corporation Kumaranasan smaraka Building, Court Road , Alappuzha-688001
Last Date and Time to submit the EMD DD : 08-Apr-2021 11:00:00
Auctioner Information
Name of the Auctioner : Kerala Financial Corporation
Name of the BO/ZO/Dept : ALAPPUZHA
Name/Designation of the Contact Person : THAMPAN L,CHIEF MANAGER
Contact Numbers : 9495872450
Email Id : thampanl@kfc.org
Address : alp@kfc.org Or The Chief Manager Kerala Financial Corporation Kumaranasan smaraka Building, Court Road , Alappuzha-688001
City : ALAPPUZHA
District : ALAPPUZHA
Pincode : 688001
Statutory Information
Auction Title : SEC 29 OF SFC ACT
Demand Notice Date : 12-Dec-2018
Possession Notice Date :
Auction Publication Date :
Auction Published Newspapers Name & Edition :
Auction & Bid Information
Inspection Date :
e-Sale Opened Date & Time : 06-Mar-2021 12:00:00
e-Tender Opening Date & Time : 06-Mar-2021 12:00
e-Tender Closing Date & Time : 05-Apr-2021 12:00:00
e-Bid Opening Date & Time : 05-Apr-2021 12:00:00
e-Bid Closing Date & Time : 08-Apr-2021 12:00:00
e-Sale Closing Date & Time : 08-Apr-2021 12:00:00
EMD Amount (The EMD shall be deposited either by way of DD in favour of KFC or through RTGS/NEFT/IMPS to the credit of A/C No & IFSC specified above on or before the said date) : Rs. 11,50,000.00
(Inwords : Eleven Lakhs Fifty Thousand)
Reserve Price : Rs. 2,26,05,000.00
(Inwords : Two Crores Twenty Six Lakhs Five Thousand)
Minimum Incremental Bid Amount ( MIBA) : Rs. 5,000.00
(Inwords : Five Thousand)