Tender Document
Tender Document
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TENDER DOCUMENT
LOCATED AT:
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TENDER DOCUMENT FOR SALE OF ASSETS MORTGAGED WITH IFCI LIMITED,
FOR THE FINANCIAL FACILITIES AVAILED BY VNR INFRASTRUCTURES LIMITED,
LOCATED AT INMULNARVA VILLAGE, G.P. KOTHUR MANDAL, MAHBUBNAGAR
DISTRICT, TELANGANA.
M/s.__________________________
______________________________
______________________________
1. INTRODUCTION
Tenders are invited by the Authorized Officer/ IFCI Limited/ Asset Sale Committee (ASC) on
“AS IS WHERE IS AND WHATEVER THERE IS BASIS and WITHOUT RECOURSE BASIS” for
purchase of properties mortgaged for the loans availed by VNR INFRASTURCTURES
LIMITED, through E-Auction. The Original Title Deeds of Mortgaged Properties are with
CBI, BS&FC, Bangalore of the Properties situated at:
The outstanding dues of VNRIL Rs.992,04,15,607.99 (Rupees Nine Hundred Ninety Two
Crore Four Lakh Fifteen Thousand Six Hundred Seven and Ninety Nine Paise Only),
calculated upto 15/02/2024, payable together with further interest and other debits with
effect from 16/02/2024, till the date of realization. The details of the assets for sale and
Reserve Price thereof, are mentioned below:
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DESCRIPTION OF PROPERTIES:
(Rs. Crore)
2.1 The E-Auction will be conducted online through https://ifciltd.auctiontiger.net and the
E-Auction will be conducted with the help of service provider viz. M/s e-
Procurement Technologies Limited (Auction Tiger) on the date and time as
mentioned above with extension of 5 minutes each for bid increment and the
minimum bid increment amount of Rs.5,00,000/-.
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2.2 Extension of date for submission of EMD Documents and E-Auction, if any, will be
informed to public on IFCI’s website www.ifciltd.com.
2.3 Persons wishing to participate are required to deposit (a) Earnest Money Deposit, (b)
their Passport size photograph, (c) a copy of Photo Identity Card and (d) complete
Contact Details along with Contact/Mobile Number.
2.4 The Tender Document comprising the detailed Terms & Conditions of the sale can be
obtained from the office of IFCI Limited, Hyderabad on payment of Rs.1,000/- or can
be downloaded from IFCI’s website (www.ifciltd.com) from 28/02/2024 onwards.
However, in case the Tender Document is downloaded from IFCI’s website, the bidder
shall deposit an amount of Rs.1,000/- towards cost of Tender Document in addition
to the EMD.
2.5 The interested bidders shall deposit the EMD, being 10% of the Reserve Price as
mentioned above, by way of Demand Draft drawn on any Nationalised / Scheduled
Bank in favour of “IFCI Limited” payable at Hyderabad and addressed to “The
Authorized Officer, IFCI Limited, 8th Floor, Taramandal Complex, 5-9-13, Saifabad,
Hyderabad - 500 004”. The last date and time for deposit of the EMD along
with the Tender addressed to “The Authorized Officer, IFCI Limited, 8th
Floor, Taramandal Complex, 5-9-13, Saifabad, Hyderabad - 500 004”, is
18/03/2024 up to 1600 Hrs.
2.6 Tenders accompanied by short EMD or without EMD and/ or with their own conditions,
are liable to be rejected/ ignored summarily.
2.7 Tenders not accompanied by Demand Draft of Rs.1,000/-, in case the Tender
Document is downloaded from IFCI’s website, are also liable to be rejected/ ignored
summarily.
2.8 On receipt of EMD, the prospective bidders shall receive user-id/ password on their
valid email-id (mandatory for E-Auction) from M/s e-Procurement Technologies
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Limited (Auction Tiger). The prospective bidders may avail online training on E-
Auction from M/s e-Procurement Technologies Limited (Auction Tiger). The
helpdesk number of the service provider is 9265562818/9265562821 D :079-
68136842/6837/6875, 9722778828, D:079-68136891 and E-mail
praveen.thevar@auctiontiger.net / OR Support@auctiontiger.net
2.9 The EMD of the successful bidder shall be retained towards part sale consideration
and the EMD of unsuccessful bidder(s) shall be refunded. The EMD shall bear no
interest. The successful bidder shall have to deposit 25% of the sale/auction proceeds
(including EMD) by way of Demand Draft drawn on any Nationalised / Scheduled
Bank in favour of ‘’IFCI Limited’’ payable at Hyderabad or through RTGS by 1700 Hrs,
on the same day to the Authorized Officer, Shri P Sivakumar, AGM, IFCI Limited,
Hyderabad (available at Mobile No. +91 9951611815 and also at
p.sivakumar@ifciltd.com). The details of bank account for remittances through
RTGS is provided as below:
Account Name: IFCI Limited
Bank Name: HDFC Bank Ltd.
Branch Address: Surya Kiran Building, K.G.Marg, New Delhi – 110001
Account Number: 00030350002631
IFS Code: HDFC0000003
2.10 The successful bidder shall deposit the balance 75% of the sale/auction proceeds on
or before the 15th day of the Sale/E-auction Date or within such extended period as
agreed upon in writing by and solely at the discretion of the Authorized Officer. In
case of default by the successful bidder, the amount already deposited will be
forfeited and the property will be put to re-auction and such bidder shall have no
claim/ right in respect of property/ amount.
2.11 The intending bidders should make their own independent inquiries and satisfy
themselves w.r.t encumbrances, location, title of the property put on auction and
claims/ rights dues etc. 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 representation on behalf of IFCI Ltd. The properties are being sold
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with all the existing and future encumbrances whether known or unknown to IFCI
Ltd.
2.12 The successful bidder shall bear the applicable stamp duties/ additional stamp duty/
transfer charges, fee etc. and also all the statutory/ non-statutory dues, taxes, rates,
assessment charges, fee etc. owed to anybody.
2.13 The Authorized Officer is not bound to accept the highest offer and the Authorized
Officer has the absolute right to accept or reject any or all offer(s) or adjourn/
postpone or cancel the E-Auction without assigning any reason.
2.14 The interested parties may inspect the properties on date and time as mentioned
above with prior intimation/ permission of the Authorized Officer, and may contact
the Authorized Officer at 9951611815. The parties may alternatively contact Mr.
K S Yadav, Assistant General Manager (Law) at 7607112266.
2.15 In case of any doubt regarding the Terms and Conditions of the sale, the decision of
the Authorized Officer/ IFCI Limited/ ASC shall be final.
2.16 The interested bidders are informed that IFCI Limited will not pay any cost, damages,
interest, etc. on any amount deposited by the bidder if any court/ tribunal/ forum
stays the auction proceedings or due to any delay in handing over the vacant
possession which may be caused due to stay/ any other restraining order of any
court/ tribunal/ forum.
3. ELIGIBILITY
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c) be financially sound;
d) enclose documentary proof that it has the liquidity, line of credit and other financial
means to meet the bid amount.
3.2 The Authorized Officer/ IFCI Limited/ ASC may also consider a bid submitted by a
consortium of persons/ companies. It is, however, made clear that there should be
no change in the consortium structure during the Tender Process, right up to the
stage of depositing the bid amount in full with IFCI Limited. If there is/ are any
change(s) in the consortium structure, Authorized Officer/ IFCI Limited/ ASC reserves
the right to accept/ cancel the sale. However, the financial arrangement between the
consortium partners should be specified in the Tender/Bid.
3.4 The bidder(s) should thoroughly satisfy themselves about the nature, conditions and
quality of the assets/properties. Authorized Officer/ IFCI Limited/ ASC gives no
guarantee or warranty as to the conditions of the assets/properties/ material or/ its
quality or fitness for any specific purpose or use. It should be clearly understood
that no claim/ complaint about the quality/ conditions/ fitness for use will be
entertained by Authorized Officer/ IFCI Limited/ ASC.
3.5 EMD and Tender/Bid should be submitted in the prescribed format only, signed by
the bidder on each page in token of having accepted the same in toto and in a sealed
cover. The same should be addressed to “The Authorized Officer, IFCI Limited, 8th
Floor, Taramandal Complex, 5-9-13, Saifabad, Hyderabad - 500004”, super-scribing
“OFFER FOR PURCHASE OF ASSETS MORTGAGED WITH IFCI Limited,
SITUATED AT INMULNARVA VILLAGE, G.P. KOTHUR MANDAL,
MAHBUBNAGAR DISTRICT, TELANGANA FOR THE FINANCIAL FACILITIES
AVAILED BY VNR INFRASTRUCTURES LIMITED’’
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4. EARNEST MONEY DEPOSIT (EMD):
4.1 The Tender/Bid should be accompanied with EMD. EMD has to be paid by way of
Demand Draft drawn on any Nationalized/ Scheduled Bank in favour of “IFCI Limited”
payable at Hyderabad. No interest shall be payable on the EMD.
4.2 EMD in any other form, for example, cheque (including cheque made “good for
payment”), Bank Guarantee, Bid Bond, Call Deposit etc. will not be acceptable to
Authorized Officer/ IFCI Limited/ ASC and such Tenders are liable to be rejected.
4.3 The EMD of the successful bidder shall be retained towards part sale consideration
and the EMD of unsuccessful bidder(s) shall be refunded. The EMD shall bear no
interest. The successful bidder shall have to deposit 25% of the sale/ auction
proceeds (inclusive of EMD) by way of Demand Draft drawn on any
Nationalised/Scheduled Bank in favour of “IFCI Limited” payable at Hyderabad or
through RTGS (RTGS details can be obtained from IFCI’s office) by 1700 Hrs. on the
same day to the Authorized Officer. In case of default by the successful bidder, the
amount already deposited will be forfeited and the property will be put to re-auction
and such bidder shall have no claim/right in respect of property/amount.
4.4 The successful bidder shall deposit the balance 75% of the sale/auction proceeds on
or before the 15th day of the Sale Date or within such extended period as agreed
upon in writing by and solely at the discretion of the Authorized Officer. In case of
default by the successful bidder, the amount already deposited will be forfeited and
the property will be put to re-auction and such bidder shall have no claim/ right in
respect of property/amount.
5.1 All Tenders must be submitted in the prescribed format only, to be obtained from the
Authorized Officer against payment of Rs.1,000/- towards the cost of the Tender
Document or to be downloaded from IFCI’s website, in a sealed cover. The Tender
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must be addressed to “The Authorized Officer, IFCI Limited, 8th Floor, Taramandal
Complex, 5-9-13, Saifabad, Hyderabad - 500004”, super-scribing “OFFER FOR
PURCHASE OF ASSETS MORTGAGED WITH IFCI LIMITED, SITUATED AT
INMULNARVA VILLAGE, G.P. KOTHUR MANDAL, MAHBUBNAGAR
DISTRICT, TELANGANA FOR THE FINANCIAL FACILITIES AVAILED BY VNR
INFRASTRUCTURES LIMITED’’.
The Tender must be submitted by the appointed date and time at the office of IFCI
Limited at Hyderabad as indicated at Para 2.5 ante.
5.2 The Tenders should be submitted in a sealed cover, along with the following:
a) Demand Draft for EMD drawn on any Nationalised/ Scheduled Bank in favour of
“IFCI Limited”, payable at Hyderabad.
b) The Terms and Conditions of the Tender Document, duly signed by the bidder on
each page in token of having accepted the same in toto.
c) Demand Draft of Rs.1,000/- in case the Tender Document is downloaded from
IFCI’s website.
5.3 The Tenders/ Bids will not be accepted in case the same are sent through fax/ e-
mail.
5.4 Incomplete Tender or Tenders submitted with qualifying conditions or with conditions
at variance with the Terms and Conditions of Tender Document are liable to be
rejected.
6. PAYMENT SCHEDULE:
6.1 The EMD of the successful bidder shall be retained towards part sale consideration.
The successful bidder shall have to deposit 25% of the Sale/ auction proceeds
(including EMD) by way of Demand Draft drawn on any Nationalised/Scheduled Bank
in favour of “IFCI Limited” payable at Hyderabad or through RTGS (RTGS details can
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be obtained from IFCI’s Office at Hyderabad) by 1700 Hrs, on the same day to the
Authorized Officer.
6.2 The successful bidder shall deposit the balance 75% of the sale/auction proceeds on
or before the 15th day of the Sale Date or within such extended period as agreed
upon in writing by and solely at the discretion of the Authorized Officer. In case of
default by the successful bidder, the amount already deposited will be forfeited and
the property will be put to re-auction and such bidder shall have no claim/ right in
respect of property/amount.
In case payment is delayed by the successful bidder, the Authorized Officer/ IFCI
Limited/ ASC at its sole discretion, may extend the payment period for 3 months
along with interest. However, in case the balance purchase consideration along with
the due interest is not paid within the extended period as may be prescribed, the
sale of the respective asset/property will be automatically cancelled and the EMD of
the bidder and other money deposited till date, will automatically stand forfeited.
All taxes, duties, charges, fees etc. if applicable and related to the property shall be
paid by the purchaser.
After receipt of full and final payment in lieu of the total sale consideration of the
asset/property, IFCI Limited will issue ‘Certificate of Sale’ as provided under the Rules
to SARFAESI Act, 2002, in favour of the purchaser and the purchaser will take all
necessary steps to take over the possession of the assets/properties immediately.
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In the event of non-fulfillment of the Terms and Conditions of the sale by the
purchaser, Authorized Officer/ IFCI Limited/ ASC shall cancel the sale with immediate
effect, in which case, the EMD along with any amount paid (excluding cost of Tender
Document) by the purchaser shall stand forfeited.
Authorized Officer/ IFCI Limited/ ASC shall not be liable for any failure or delay in
performance due to any cause beyond their control including fires, floods, strikes,
go-slow, lock-out, closure, pestilence, distilence, dislocation of normal working
conditions, war, riots, epidemics, political upheavals, Governments actions, civil
commotion, breakdown of machinery, shortage of labour acts, demand or otherwise
or any other cause or conditions beyond the control of aforesaid causes or not and
the existence of such cause or consequence may operate at the sole discretion of
IFCI Limited. to extend the time of performance on the part of IFCI Limited. by such
period as may be necessary to enable IFCI Ltd. to effect performance after the cause
of delays will have ceased to exist. The provisions aforesaid shall not be limited or
abrogated by any other terms of the contract whether printed or written.
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13. GENERAL INFORMATION:
13.1 It should be noted by the bidder(s) that by entering into this contract, Authorized
Officer/ IFCI Limited/ ASC is not precluded from entering into similar contracts with
anyone else of their choice at any time during the subsistence of this contract.
13.2 Authorized Officer/ IFCI Limited/ ASC shall have the right to issue Addendum to the
Tender Document to clarify, amend, modify, supplement or delete any of the Term
and Conditions or items stated therein. Each Addendum so issued shall form a part
of the original Tender Document.
13.3 In case the tender/ bid is not accepted, the bidder(s) shall not be entitled to claim
any cost, charges, expenses incidental to or incurred by the bidder through or in
connection with the submission of the tender/bid even though Authorized Officer/
IFCI Limited/ ASC may elect to withdraw the invitation for bid. Should all invitation
for bid be withdrawn or cancelled by Authorized Officer/ IFCI Limited/ ASC for which
Authorized Officer/ IFCI Limited/ ASC shall have the right to do so at any time, the
Earnest Money paid by the bidder(s) with the tender/bid will be refunded (without
interest) to them in due course.
13.4 The bidder shall bear all the costs associated with the preparation and submission of
bid/tender. Authorized Officer/ IFCI Limited/ ASC will not, in any case, be responsible
or liable for any such costs regardless of the conduct or outcome of the sale process.
13.5 Unless otherwise specified, the bid amount in the tender/bid should be quoted both
in figures and in words. Tenders/bids containing overwritten or erased bid amounts
are liable to be rejected in absence of any authentication by the Tenderer’s
signatures.
13.6 Authorized Officer/ IFCI Limited/ ASC reserve the right to cancel/ reject any or all
the bids/tenders without assigning any reason thereof.
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13.7 The submission of the Tender means and implies that the tenderer/ bidder has
unconditionally agreed to and accepted all the above Terms and Conditions of the
Tender Document.
13.9 The decision of the Authorized Officer/ IFCI Limited/ ASC in the matter, arising out
of this sale, shall be final in regard to all matters relating to the sale.
13.10 All suits or proceedings relating to any dispute or claim arising out of or in course of
performance of this contract shall be filed in appropriate court having jurisdiction in
Hyderabad.
13.11 The Bidders/Tenderers must ensure the following while submitting the Tender:
13.12 Tenderer/Bidder should state whether he/ she is a relative of any Director(s) of
IFCI Limited or Tenderer/Bidder is a firm in which Director(s) or his relative is a
partner or Tenderer/Bidder is a company in which Director of IFCI Limited or his
relatives are member(s) or Director(s).
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NOTE: COPY OF SALE NOTICE IS ENCLOSED HEREWITH FOR READY REFERANCE
HEAD OFFICE: IFCI Ltd. IFCI TOWER, 61 NEHRU PLACE, NEW DELHI - 110019.
Regional Office: IFCI Ltd, 8th Floor, Taramandal Complex, 5-9-13, Saifabad,
Hyderabad - 500004
Telephone No. +91-040 23243505/06; Fax No. +91-040 23241138
Web Site: www.ifciltd.com
CIN: L74899DL1993GOI053677
Notice is hereby given to public in general and in particular to the Borrower(s) and Guarantor(s)
that the below described immoveable property mortgaged/charged to the Secured Creditor, the
constructive possession of which has been taken by the Authorised Officer of IFCI Ltd Secured
Creditor, which will be sold on “As is what is”, and “Whatever there is basis” on 20.03.2022,(
10.00 am to 11.00 am) for recovery of VNRIL Rs.992,04,15,607.99 (Rupees Nine Hundred
Ninety Two Crore Four Lakh Fifteen Thousand Six Hundred Seven and Ninety Nine Paise Only),
calculated upto 15/02/2024, due to the IFCI Ltd, Secured Creditor from VNR Infrastructures
Limited (Borrower), Mr. V. Narayana Reddy, Mr.Ganji Praveen Kumar (Personal
Guarantors) and R.K.R. Housing Pvt. Ltd., Indushree Housing Pvt. Ltd., PKNR Estates
Pvt. Ltd. (Mortgagors and Corporate Guarantors).The description of property along with reserve
price and earnest money deposit are mentioned hereunder:
(Rs. Crore)
Description of Property Reserve Earnest
Price Money
Deposit
Non-agricultural land admeasuring Acres 20-18 Guntas, 12.27 1.23
comprised in the following Survey Numbers viz. Sy. No.
226/A adm. Ac. 3-21 Gts.; Sy. No. 214/A adm. Ac. 4-04
Gts.; Sy. No. 224/EE adm. Ac. 0-08 Gts.; Sy. No. 225/EE
adm. Ac. 2-32 Gts.; Sy. No. 224/U adm. Ac. 0-08 Gts.; Sy.
No. 225/U adm. Ac. 4-05 Gts.; Sy. No. 224/A adm. Ac. 1-
30 Gts.; Sy. No. 225/E adm. Ac. 0-10 Gts.; Sy. No. 221/E
adm. Ac. 1-00 Gts.; Sy. No. 221/VU adm. Ac. 1-00 Gts.; Sy.
No. 210/E adm. Ac. 0-30 Gts.; AND Sy. No. 211/E adm. Ac.
0-30 Gts., situated at Inmulnarva Village, G.P. Kothur
Mandal, Mahbubnagar District, Telangana, owned by RKR
Housing Pvt. Ltd.
The Original Title Deeds of Mortgaged Properties are with CBI, BS&FC, Bangalore. For detailed
Terms & Conditions of the sale, please refer to the link provided in IFCI Ltd website i.e.
www.ifciltd.com. Contact person: Mr P. Sivakumar at 9951611815, p.sivakumar@ifciltd.com or Mr
K S Yadav at 7607112266, khetsingh.yadav@ifciltd.com.
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Annexure – I
VNR INFRASTRUCTURES LIMITED
(Description of Immovable Assets)
All that pieces and parcels of freehold lands, comprised in and forming part of total extent of Ac.20-
18 Gts. situated at Inmulnarva Village, & G.P Kotur Mandal Mahabubnagar District, in the state
of Telangana; and bounded as under:
SY. NO. 226/A ADM. AC.3-21GTS. SY. NO. 214/A ADM. AC.4-04
GTS.
NORTH : Siddapur Road NORTH : Land of Narayana
SOUTH : Land of N. Komuraiah SOUTH : Land of Rambabu
EAST : Land of K. Valya EAST : Land of KorraSamra
WEST : Land of K. Sathaiah WEST : Land of P. Badru
SY. NO. 224/U ADM. AC.0-08GTS. SY. NO. 224/A ADM. AC.1-30
SY. NO. 225/U ADM. AC.4-05 GTS. GTS.
SY. NO. 224/EE ADM. AC.0-08 GTS. SY. NO. 225/E ADM. AC.0-10
SY. NO. 225/EE ADM. AC.2-32 GTS. GTS.
NORTH : Land of Komaraiah NORTH : Land of Komaraiah
SOUTH : Road SOUTH : Road
EAST : 40 feet wide Road EAST : Land of LaxmanNaik
WEST : Land ofHanya WEST : Land of Tepuchand
SY. NO. 221/E ADM. AC.1-00 GTS. SY. NO. 210/E ADM. AC.0-30
GTS.
SY. NO. 211/E ADM. AC.0-30
GTS.
NORTH : Land of GollaKomaraiah NORTH : Land of B. Valya
SOUTH : Land of K. Lakshman SOUTH : Land of P. Ramji
EAST : Land of Badru EAST : Land of P. Ramji
WEST : Land of Vendee WEST : Land of Lacchu
Sy. No. 221/VU ADM. Ac.1-00 Gts. (Boundaries not specified in Title
Deed)
*****
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Annexure – II
BID
The Authorized Officer,
IFCI Limited,
8th Floor, Taramandal Complex,
5-9-13, P.O. Box No.57,
Saifabad,
Hyderabad - 500 004.
Or
1.3 Age:
1.4 Whether the Bidder is competent to contract under Indian Contract Act, 1872 as per Foreign
Exchange Regulation Act, 1973 / Foreign Exchange Management Act, 1999 in case of NRI
(Tick whichever is applicable) - YES/NO
vi. Address
vii. Telephone No. & Mobile No.
viii. Fax No.
ix. E-Mail No.
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3. Particulars of Bid
3.2 Particulars of Earnest Money Deposit (EMD) of Rs. _______________(10% of offered price):
Certified that:-
1. I/We agree to abide by the decision of the Authorized Officer/ IFCI Limited/ ASC.
2. I/We have read and understood the Terms and Conditions of the Tender Document and hereby
unequivocally and unconditionally accept the same.
3. I/We have inspected the site of the …….. and have satisfied myself/ ourselves for which the
bid is being submitted.
Address:
*****
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