Member Login

Member Id :
Password :
   
New Member?  Forgot Password?


For Sale enqueries
Please contact the concerned posted authority under the Auctioner Information section under each sale advt.

For Technical Support

Email: itsupport@kfc.org

View Asset For Auction

Login  Register Here

     

Auction ID :A0118

Valid Till : 16-Mar-2021 Posted Date : 10-Feb-2021 16:23  
Asset Type : Immovable
Property Type : Land,Building, Plant & Machinery
Reserve Price : Rs. 9,73,00,000.00
(Rs. Nine Crores Seventy Three Lakhs )
Year of Construction / Age of Machinery :
Owner Information
Owner Of the Asset : Markose Kuzhalanattu
Address1 : Kuzhalanattu Veedu
Address2 : Mannathoor P O
City : Memury
Taluk : Muvattupuzha
District : Ernakulam
State : Kerala
Country : India
Pincode : 686667
Type of facility Sanctioned : Term Loan
Total Liability : Rs. 14,85,99,177.00
(Inwords: Fourteen Crores Eigthy Five Lakhs Ninety Nine Thousand One Hundred and Seventy Seven)
Total Liability is as on : 01-Jan-2021
Asset Information
Asset Address1 : Sonia Palm Springs
Asset Address2 : Near Kadathi Bridge, Velloorkunnam village
Asset Taluk : Muvattupuzha
Asset City : Muvattupuzha
Asset District : Ernakulam
Asset State : Kerala
Asset Country : India
Asset Pincode : 686673
Description of the Property :

All that part and parcel of land ad measuring 25.89 Ares, together with building comprising of Six floors of total plinth area of 61997 Sq. ft. and all other things attached thereto, comprised in R.S.No. 519/12-1, 519/12-2 of Veloorkunnam village, Muvattupuzha Taluk, Ernakulam District and situated in Muvattupuzha Municipality, with following boundaries:-
East -- Property of Sathyan, Janatha Nivas and Property of Unni
North -- NH-49
South -- Road
West -- Road

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.
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) : Ernakulam or A/c no. 14210200007234, Federal Bank, IFSC Code: FDRL0001421
If DD, it should be sent to (or) email fund transfer details to : Kerala Financial Corporation, Finance Tower, Kaloor, Ernakulam - 682017
Last Date and Time to submit the EMD DD : 16-Mar-2021 12:00:00
Auctioner Information
Name of the Auctioner : Kerala Financial Corporation
Name of the BO/ZO/Dept : ERNAKULAM BO
Name/Designation of the Contact Person : CHIEF MANAGER
Contact Numbers : 9446002775
Email Id : ekm@kfc.org
Address : Kerala Financial Corporation, Finance Tower, Kaloor,
City : ERNAKULAM
District : KERALA
Pincode : 682017
Statutory Information
Auction Title : SECTION 29 OF SFC ACT
Demand Notice Date : 02-Dec-2020
Possession Notice Date :
Auction Publication Date :
Auction Published Newspapers Name & Edition :
Auction & Bid Information
Inspection Date :
e-Sale Opened Date & Time : 11-Feb-2021 13:00:00
e-Tender Opening Date & Time : 11-Feb-2021 13:00
e-Tender Closing Date & Time : 13-Mar-2021 13:00:00
e-Bid Opening Date & Time : 13-Mar-2021 13:00:00
e-Bid Closing Date & Time : 16-Mar-2021 13:00:00
e-Sale Closing Date & Time : 16-Mar-2021 13:00:00
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. 49,00,000.00
(Inwords : Fourty Nine Lakhs)
Reserve Price : Rs. 9,73,00,000.00
(Inwords : Nine Crores Seventy Three Lakhs)
Minimum Incremental Bid Amount ( MIBA) : Rs. 5,000.00
(Inwords : Five Thousand)