Office Of The Liquidator


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OFFICE OF THE LIQUIDATOR
M/s. VEESONS ENERGY SYSTEMS PRIVATE LIMITED (Under Liquidation)
Sale of Property Under IBC 2016 Tender Document and Terms & Conditions
TENDER FORM FOR LAND AND BUILDING, PLANT & MACHINERY, ETC ASSETS.

OFFICE OF THE LIQUIDATOR M/S.VEESONS ENERGY SYSTEMS PRIVATE LIMITED
(Under Liquidation) Reg.Off..C 14/2 INDUSTRIAL ESTATE, THUVAKUDI, TIRUCHIRAPALLI, TAMIL NADU- 620 015. Phone ;0422-2492454 Email: [email protected]

Ref. ADVERSTISEMENT ISSUED IN DINAMANI (TAMIL) AND The INDIAN EXPRESS (ENGLISH) NEWSPAPERS ( Tiruchirapalli -Tanjavur Edition) ON 07.01.2021 & HOSTED ON THE WEBSITE OF www.auctiontiger.net FOR DISPOSAL OF SECURED IMMOVABLE & MOVABLE PROPERTIES / ASSETS OWNED BY M/S. VEESONS ENERGY SYSTEMS PRIVATE LIMITED (Under LIQUIDATION)

Date of Advertisement Schedule of Inspection

07th January 2021
a. 11 January 2021 from 10.00 a.m. to 05.00 p.m. b. 12 January 2021 from 10.00 a.m. to 05.00 p.m. or with prior appointment, with the liquidator, by writing to him in his email [email protected], 48 hours before intended visit .

Last date/time for Deposit of EMD /Bid Forms Date of Bidding / EAuction Time of e-auction of each property Tender Platform
Contact Details For Carrying out inspection of properties

On or before End of Day on Wednesday, the 20 January 2021 (1700 Hrs)
Friday the 22nd Jan 2021
Between 10 A.M and 3 P.M on Friday the 22nd Jan 2021 at specific time slots as given out in the Public Announcement. E-AUCTION Platform https://ncltauction.auctiontiger.net Technical Support Executive: Sri Praveen Kumar – Ahmedabad Contact No. 9722778828 CA R Raghavendran, Liquidator (+91 422 2492454)

This Tender-Cum-auction Document consists of the following: A. Copy of the Advertisement B. Terms and Conditions C. Miscellaneous Terms and Conditions D. Bid Form

(A) Copy of the Advertisement

(B) Terms and conditions of online e-auction Sale

1. Plant and Machinery & Land and Building now being Auctioned……

Sl Lot N No O

Brief Descripton

No of Units Appro
x

Reserve Price

EMD

Bid Increase by 5%

Auction Bidding
Time

Rs.

Rs.

Rs.

1 Lot 21 Electric ovens of various capacities

6 1,23,488 12,349

6,500

10:00AM10:15AM

2 Lot 3 Various Welding machines

7 2,69,175 26,918 13,500

10.15AM10:30 AM

Power gouging , Skid mounted hydaulic die 3 Lot 6 warpage machine capcity 500 Tonne, each one number

2 3,54,275 35,428 17,800

10.30AM10:45 AM

Pillar drillig, centre 4 Lot 4 lathe,bandsaw, power
hacksaw, Compressor etc

13 3,65,375 36,538 18,500

10.45AM11:00AM

Thristar & Arc Welding 5 Lot 2 Machines of various
Makes (ESAB, RILON, Bois, LT & Misc)

17 3,58,900 35,890 18,000

11:00AM11:15AM

6 Lot 23 Welding stands 100 Nos & Misc other items

Lot 3,87,482 38,748 19,500

11.15AM11:30AM

Thristar & Arc Welding Machines of various Makes (ESAB, RILON, 7 Lot 1 Bois, LT & Misc), Electrode heating flask and (tube and scrapper) Edge preparation machine

69 3,98,675 39,868 20,000

11.30AM12:00PM

Single Girder EOT 8 Lot 16 Crane with Electric Hoist
without rails 3 Nos 10T1No ,30T 2 Nos

3 25,71,500 2,57,150 1,25,000 12:00PM12:15PM

Single Girder EOT 9 Lot 17 Crane with Electric Hoist
without rails 3 Nos 10T1No ,30T 2 Nos

3 25,71,500 2,57,150 1,25,000 12.15PM12:30PM

10 Lot 17A

Single Girder EOT Crane with Electric Hoist without rails 3 Nos 10T1No ,30T 2 Nos

11 Lot 18 Electrical panel system

3 25,71,500 2,57,150 1,25,000 12.30PM1245PM

Lot 13,80,000 1,38,000

70,000 12.45PM01:00PM

12 Lot 19 Transformers- 2 Nos 630 kva-500KVA

13 Lot 20A

Double Roller welding rotators (sets) with roller , gear box, motor & Idler Roller frame

Single Roller

14 Lot 20B

Conventional type welding rotator with gear box, motor & idler roller

frames

PANASONIC Panel

processing machine - 8

torches, steel supporting

15 Lot 12 structure, wire feed unit,digital IGBT

controlled Mig Mag

welding machine Model-

NZMS800 -YD 500

16 Lot 9

Coloumn & Boom welding Machine -Ferro Curves -ESAB LAF 1250

Diesel fired heat 17 Lot 13 treatment Furnace-- 50
Tones Centrifugal blowers, size - 22 x 4 x 4

18 Lot 7

Single Axis, controlled tube bending machines NCX 65 & T2m Model

Centre Lathe Machine 19 Lot 10 24 feet bed length - Make
Rajendra

2 7,07,625 4 Sets 7,43,700

70,763 74,370

35,400 01:00PM01:15PM
37,500 01:15PM01:30PM

7 Sets 7,87,000

78,700

43,000 01:30PM01:45PM

One 39,98,775 3,99,878 2,00,000 01:45PM-

Lot

02:00PM

3 16,98,300 1,69,830

85,000 02:OOPM02:15PM

1 9,20,375

92,038

46,000 02:15PM02:30PM

2 8,07,525

80,753

40,500 02:30PM02:45PM

1 6,37,325

63,733

32,000 02:45PM03:00PM

NOTE – FOR ALL THE ABOVE 19 LOTS, DETAILED LIST OF ITEMS IN EACH LOT IS GIVEN AT END OF THE BID FORM WHICH ALSO IS TO BE SIGNED

Sl

Brief Descripton

N

O

Description of Immovable / Movable Properties

Factory Land measuring 2.65 acres at Plot C1 13, SF No.416 (Part), in Thuvakudi Industrial
Estate, Thuvakudi Tiruchirapalli and the building constructed thereon

Reserve Price

EMD

Bid Increas
e

Auction Bidding Time

Rs

Rs

Rs

3,43,54,500 34,35,450

5,00,000 10:00AM10:15AM

Vehicles located at Plot C 13 above – Honda 2 City Car (2007), Honda Splendor bike
(2010),Mini Tractor(VST Shakthi) with flat bed trailer

1,78,525

17,853

5,000 10.15AM10:30AM

Factory Land ( total 5 Acres) , 2.50 acres in

Plot No.A1/A,B & C in SF 425 (Part), 430

(Part) & 431(part) and land 2.50 acres situated

3 in Plot No.A1/D,E & F in SF No.424 (Part) and 425 (Part) and the buildings constructed

10,27,67,500 1,02,76,750 5,00,000 10.30AM11:00AM

thereon (including the factory shed located in

the site), in Thuvakudi Industrial Estate,

Thuvakudi , Tiruchirapalli

4 Furniture & Fixtuers & Office Equipment’s located in Plot A1 A-F above.

5,04,000

50,000

10,000 11:00AM11:15AM

Factory Land measuring 13.64 acres in Plot No.R-1, in Thuvakudi Industrial Estate, 5 Thuvakudi , Tiruchirapalli in SF 412 (Part), 413 (Part), 414 (Part), 421 (Part) to 425 (Part) , 430 (Part) & 431(part) and the buildings constructed thereon,

14,38,28,250 1,43,82,825 5,00,000 11.15AM11:45AM

2. The auction comprises of Twenty Four Bid Sequences, for specific assets at specific time slots, as detailed above,one followed by the other. The highest offer received for each Bid will be declared successful for that specific asset.

3 Bid Increase Amount 4 Basis
5 Last date for submission of EMD amount and Bid Forms

As per the multiple mentioned in the Table above
“AS IS WHERE IS BASIS” and “WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” -- as such sale is without any kind of warranties and indemnities Wednesday 20th January 2021 at End of Day (1700 Hours)

6 How to submit the EMD & Bid Forms

Interested parties may participate in e-auction, by sending their bids, for purchasing the said assets, through online mode only in the prescribed format to [email protected] The hard copy of the Bid Forms shall be sent to Liquidator’s office address thereafter. The EMD amount shall get credited into the designated account well before the closing time on the closing date.

7 Mode of payment of EMD/other payments
8 Refund of EMD 9 Adjustment of EMD
10 Rejection of tenders/ bids
11 Type of offer and manner of payment

By way of NEFT/RTGS to the account of

M/s. Veesons Energy Systems Pvt ltd –

(under liquidation) ,

A/c No.

30253951396

Bank

State Bank of India ,

Branch

SME, Thuvakudi Br.

IFSC Code SBIN0003081

The EMD amount of unsuccessful bidders will be refunded within fifteen days and the amount will not carry any interest. The successful bidder shall deposit 25% of sale consideration (including EMD) within 24 hours, after being declared as successful. The balance sale consideration of 75%, along with applicable GST, shall be paid within 15 days after confirmation of sale, failing which the amount of EMD and/or Initial Deposit made as above shall be forfeited and the secured assets will be resold in a fresh auction to be conducted.
Bids not received in the prescribed bid form or incomplete in any respect or unsigned or not accompanied by NEFT/RTGS details for the requisite EMD, are liable to be summarily rejected at the sole discretion of LIQUIDATOR.
Upon confirmation of sale, the successful bidder shall deposit 25% of sale consideration (including EMD) with proportionate GST, by way of NEFT/RTGS to the Liquidator within 24 hours of the Bid being declared successful.
The balance amount of the sale consideration, along with applicable GST, shall be paid by the purchaser within 15 days from the date of confirmation of sale.

Extension of Time for delayed payment, due to unavoidable circumstances, may be granted at the sole discretion of the LIQUIDATOR. However, interest @ 15%p.a. shall be charged for the extended period on the Balance amount due from the date of confirmation of sale.

If there is any default of the payment within the period mentioned above, all the amounts deposited till then, shall be forfeited and the property put on sale afresh. The defaulting Bidder shall have no right to claim any amount deposited by him/ her and shall have no claim over the property.

12 Participation by Bidders 13 Liability of the purchaser, if
any.
14 Disputes/Litigations 15 Inspection of assets 16 Miscellaneous

The bidders can participate in the e-auction from any computer or even from smart phone. In case they need any support, they can contact EAUCTION Platform Technical Support Executive : Sri Praveen Kumar – (09722778828) Any charges for conveyance, stamp duty, transfer fee (premium fee) payable to TANSIDCO, registration charges/expenses including GST dues, etc., as applicable, shall be borne by the successful bidder only.
All statutory/non-statutory dues, taxes, rates, charges and fees owing to anyone, if any, shall be the responsibility of the prospective buyer including applicable GST etc.,.
LIQUIDATOR does not undertake any responsibility to procure / arrange any permission / license etc. in respect of the property offered for sale. The vehicles are sold with Xerox copies of the registration certificate only.
In case of disputes in tender / auction, the decision of LIQUIDATOR shall be final and binding on all and any litigation shall be subject to the jurisdiction of NCLT, Chennai. The interested parties are advised to submit their tenders after inspection of assets. The prospective bidder shall visit / inspect the properties at their own cost as per the schedule specified in sale notice. The interested parties / bidders may coordinate with the Liquidator @ [email protected] .com /+91 422 2492454 for inspection. Correspondence about any change / modification in the offer after submission of tender will not be entertained. If such tenderer wishes to give a fresh offer for the property, before the last date prescribed, he may file a fresh tender with appropriate Earnest Money Deposit, that too with prior permission from the Liquidator.

OTHER CONDITIONS:
17. The interested purchaser(s) shall satisfy themselves about the right and title of the property / properties from the concerned authorities and no claim shall be entertained by the Liquidator in this regard after the auction.

18. The intending bidder may please see details of the complete set of terms and conditions mentioned in the tender document which will be available on the web site: https://ncltauction.auctiontiger.net The same is also available at office of the Liquidator.
19. No Offers / bids at or below the reserve price shall be entertained.
20. The auction will be conducted under the supervision of the Liquidator.
21. The bidder shall, also, take a printout of the Bid Form along with the terms & Conditions and along with all enclosure called for in it, after duly filling it, sign it and ,shall Mail the same to the OFFICE Address OF THE LIQUIDATOR.
22. During bidding procedure, in case any offer is received within the last 5 minutes of closure time, the bidding time will be extended automatically by another 5 minutes and if no higher bid is received within the extended 5 minutes, the auction will Automatically get closed at the end of extended 5 minutes.
23. The advertisement is valid for 60 days from the date of advertisement.
24. Particulars of the property / assets (viz. extent & measurements) specified in the eauction sale notice has been stated to the best of information of the Liquidator and the Liquidator shall not be answerable for any error, misstatement or omission. Actual extent & dimensions may differ.
25. E-Auction / bidding shall only be through "online electronic mode" through the website provided by the service provider on platform https://ncltauction.auctiontiger.net
26. The bidders may participate in e-auction for bidding from their place of choice. Internet connectivity shall have to be ensured by bidder himself. Liquidator /service provider shall not be held responsible for the Internet connectivity, network problems, system crash down, power failure etc.
27. For participating in e-auction sale, the Intending bidders shall register their details with the service provider https://ncltauction.auctiontiger.net well in advance and collect the process details for the online bidding on the auction date and at the relevant time.
28. After expiry of the last date of submission of bids with EMD, Liquidator shall examine the bids received by him and confirm the details of the qualified bidders (who has quoted their bids over and above the reserve price and paid the specified EMD ) to the service provider to enable them to allow only those bidders to participate in the online inter se bidding /auction proceedings on the date and time mentioned in E-Auction Sale Notice.
29. Inter-se bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders. During the process of inter-se bidding, there will be unlimited extension of "5"minutes each, i.e. the end time of e- auction shall be automatically extended by 5 Minutes each time if bid is made within 5 minutes from the last extension.
30. Bids once made shall not be cancelled or withdrawn. All bids made from the user id, given to bidder by the service provider, will be deemed to have been made by him.

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Office Of The Liquidator