auction of plant & machinery, all that hypothecated assets (plans and; machinery) and all that assets created out of bank finance and maintained in the unit and all that part and parcel of property (industrial land and building) bearing plot no. 32/b, sy. no. 17/2.17/3 and 17/4 situated at avverahalli industrial area. dabaspete 4th phase, k. g srinivasapura village, sompora hobli, nelamangala taluka, bengaluru-562111 admeasuring 65338 sq. ft. allosed to mis eline corregamors represented by its proprietor: mr. m n gowrishankar the sceduled property is bounded on east by kiadb buffer, west by: plot no. 32/a, north by: kiadb 15 mirs, wide buffer and; south by kiadb 30 mtr wide road.
(lease hold right, mortgage has been created on the basis of lease cum sale agreement dated 09.12.2019 with kiadb with 10years of lease period and the sale deed is yet to be executed) description of plant and; machinery 5 ply corrugated packing box manufacturing unit-
1) automatic 5 ply plant overhead bridge, heater plates and hydraulic reel stand
23 aromatic 5 ply plant corrugator machine universal driven 2 no. bridge guide and tension contrial-no.
3) automatic 5 ply plant triples pee-heaters and hydraulic neel stand
4) automatic 5 ply plant-let 4 blade slitter scorer-1 no. and auto plant cross stacker-no.
5) automatic 5 ply plant-lox 5 gling machine 1 no
6 automatic 5ply plant-lot and;n sheet cat off helical blade i no and centralised control penal-1 no.
7) automatic 5 ply plant-lot 7 hydralic reel stand track and; molley 1 no.
8) automatic 5 ply plant-lot 8 lead edge 2 color psdxc-no.
auto cartoon folder and; gluer-1 no.
all the above machineries are chima make supplied by m/s congzhou packing machinery and;
manufacturing construction of 9) semi automatic stitching machine manufactured hy mis pepi, jalna, maharastra.
10) electrical power supply lustallation including transformer, cables, cable trays and pdb panels supplied by mix nanda electricals, nelamangala, bengaluru
11) 3 tph wood fired boiler with accessories like 6kl. feed water tank, dust collector id fan and chimocy mind supplied by m's shanti boilers and pressure vessels p. ltd. hyderabad
12) eg-18-13 screw air compressor of elgi make with accessories like air drier, 1000 lair receiver and prefilter supplied by mis industrial sales corporation, penya ist stage. bengaluru
13) material handling equipment hand pellet truck-4 nos.
revi peller truck 2 nos. supplied by misshubham engineering, vapı, volsad, gujarath special terms and conditions: 1. nature of title lanse cum sale rights: the secured asset is an industrial property allotted by the karnataka industrial area development bourd (kiadb) and is presently governed by the terms and conditions of lease cum sale agreemem deed executed in favour of the borrower allottee. the bank is selling the rights, title and interest of the borrower in the secured asset to the extent permissible under law
2. kiadb conditions: the property continues to he subject to the terms and conditions stipulated by kiadb, including the conditions relating to transfer, assignunent, payment of land cost, differential allotment amount, transfer charges and execution/registration of the absolute sale doed.
3. amount payable to kiadh: the successful bidder shall be responsible for payment of all armounts, if any, determined by kiadb towards balance differential allotment amount, transfice charges, premians, staatory diues, interest, penalty or any other amount payable for mansfer of the property and or execution of sale deed in favour of the successful bidder
4. execution of absolute sale deed: the successful bidder shall obtain the necessary approval permission from kiadis and complete all formalities required by kiadb for execution and registration of the absolute sale deed in their favour. the bank shall not be responsible for any delay or additional amount payable to kiads in this regard
5. expiry status of lease cum sale period: the prospective purchaser shall satisty himself herself regarding the present status and validity of the lease cum sale agreement deed, including the period thereof and implication, if any, arising fromexpiry of the lease cum sale period. any regularisation, renewal, extension or approval required from kiadb shall be obtained by the successful bikker at his her cost and responsibility
6 sc/st industrial promotion scheme concession: the allotment was made with benefit concession available under the applicable sc/st industrial promotion scheme, including the concession referred in government onder no. 1 76 ssi 2019 dased 16.02 2021, wherever applicable. the successful bidder shall be bound by the conditions stipulated by kiadb/government in respect of such concession, including any amount that may become recoverable apon transfer, if applicable.
7. classe 21 and other allotment conditions: the wansfer of property shall remain subject to clane 21 of the lease cum sale agreemens deed and all other applicable terms and conditions imposed by kiadb. the successful bidder shall comply with such conditions and obtain necessary permissions/approvals from kjadr
8. no guarantee by the bank, regarding freebold title: the bank does not represent or guarantee that the successful bidder will automatically acquire absolute/frecheld title merely upon payment of auction sale consideration. conversion of leasehold lease cum sale rights into absolute ownership and execution of absolate sale deed shall be subject to kiadb's dues, transfer conditions, statutory liabilities and other encumbrances before submitting their bids.
10. liabilities subsequent to sale - all expenses relating to stamp duty, registration, transfer, mutation, kiadb charges, statutory dues and other incidental expenses arising in connection with the transfer and registration of the property in favour of the successful bidder shall be borne by the successful bidder, unless otherwise specially stated in the terms of sale.
11. inspection and verification: the property is being sold on an "as is where is". "as is what is", "whatever there is" and "without recourse" basis. the prospective bidder shall inspect the property and verify all relevant records and obtain independent legal technical advice before participating in the auction.
12. bank's disclaimer - the bank shall not be responsible for any dispute, delay, rejection or additional demand raised by kiadh in connection with transfer, regularisation, renewal, conversion or execution of the absolute sale dood. the successful bidder shall deal directly with kiadb and comply with its requirements.
13. right of the bank: the sale is being conducted for recovery of bank's dues under the provisions of the sarfaesi act. 2002 and security interest (enforcement) rules, 2002. the sale shall be subject to the rights and claims of kiadb, if any, under the applicable law and terms of the allotment/lease cum sale agreement/deed
