Name and address of Branch, the secured creditor:

STATE BANK OF INDIA

BRANCH-SARB: Pune (10151)
321/A/3, Mahatma Phule Peth, Seven Loves Chowk,
Shankarsheth Road, Pune 411 042
E- Mail ID of Branch: sbi.10151@sbi.co.in, Landline No. (Office):- 020-26446044

THE TERMS AND CONDITIONS OF SALE TO BE UPLOADED ON THE WEBSITE OF THE

SECURED CREDITOR.

Property will be sold on ‘AS IS WHERE IS, AS IS WHAT IS AND WHATEVER THERE IS” Basis:

1 Name and address of the M/s Shrikant Agrotech Industries Limited

Borrower (formally known as M/s Shreekant Agro
Industries Private Public Limited )

Guarantors

1. Mr Vikram Ganesh Vetal

2. Mr Pravin Shrimant Vetal
3. Mr Ramesh Dnyanu Vetal
4. Mrs Gauri Pandrinath Karande
5. Mrs Rupali Satish Patil
6. Neeta M Salunke
7. Mrs Sulabha Suryakant Patil
8. Niwas Maruti Khabale
9. Ganesh Dnyanu Vetal
10. Mrs Usha Ganesh Vetal
11. Mr Satish Subhash Patil
12. Pandrinath Dattu Karande

2 Name and address of Branch, the Stressed Assets Recovery Branch Pune (10151)
secured creditor.
3 Description of the immovable Factory Land and Building at Industrial Plot
secured assets to be sold. Shed Under Construction Total Plot
Area=3173.6 sq. mtrs. Built up =1215.00 sq.
mtrs. Located at Gat No. 711, Plot No. 1, at
Village Surli, Tal. Karad Dist. Satara. R.C.C
Framed Industrial Building And All the Plant
and machinery, furniture, fixtures and other
fixed assets to be purchased out of Bank
Finance.
4 Details of the encumbrances Rs.4,94,20,005/-. (Rupees Four Crore Ninety
known to the secured creditor. Four Lakh Twenty Thousand and Five only.)
as on 02.06.2018 plus interest, cost, charges,
etc.
5 The secured debt for recovery of Housing Loan Account No. 62450513756 and
which the property is to be sold Suraksha Loan Account No.62450514137
6 Deposit of earnest money EMD: Rs.2,00,000.00 being the 10% of Reserve
price to be remitted by RTGS / NEFT to the Bank
account or Demand Draft draw in favour of SBI
account “SARC Collection Account,” Timber
Market Branch, Pune IFSC Code No.
SBIN0015246, drawn on any Nationalized or
Scheduled Bank.
7 Reserve price of the immovable Rs.20,00,000.00 below which the properties will
secured assets: not be sold.

Bank account in which EMD to The intending purchasers / bidders are required to
be remitted. register themselves on the auction portal
https://www.mstcecommerce.com/auctionhome/iba
pi/index.jsp and remit EMD

Last Date and Time within Time: 5.00 p.m. Date : 14.12.2021
which EMD to be remitted :

8 Time and manner of payment The successful bidder shall deposit 25% of sale
price, after adjusting the EMD already paid,
immediately, i.e. on the same day or not later than
next working day, as the case may be, after the
acceptance of the offer by the Authorised Officer,
failing which the earnest money deposited by the
bidder shall be forfeited. The Balance 75% of the
sale price is payable on or before the 15th day of
confirmation of sale of the secured asset or such
extended period as may be agreed upon in writing
between the Secured Creditor and the e-Auction
purchaser not exceeding three months from the
date of e-Auction.
9 Time and place of public e-Auction Date:- 15.12.2021
or time after which sale by any Time:- From 1.00 p.m. to 3.00 p.m.
other mode shall be completed. with unlimited extensions of 5 Minutes each
10 The e-Auction will be conducted
through the Bank’s approved The auction will be conducted through IBAPI
service provider. Portal viz. https://ibapi.in E-auction Tender
e-Auction tender documents Document containing online e-auction bid form,
containing e-Auction bid form, Declaration, General Terms and Conditions of
declaration etc., are available in online auction sale are available on https://ibapi.in
the website of the service provider
as mentioned above. The intending purchasers / bidders are required to
register themselves on the auction portal
https://www.mstcecommerce.com/auctionhome/iba
pi/index.jsp

11 (i) Bid increment amount: i) Rs.25,000/-

(ii) Auto extension: ________ ii) Unlimited
times. (limited / unlimited)
(iii) Bid currency & unit of
iii) Rupees
measurement.
12 Date and Time during which
inspection of the immovable Date: 11ss.12.2021
secured assets to be sold and Time: between 11.30 a.m. to 1.30 p.m
intending bidders should satisfy Name: Mrs. Jyoti Bandmantri
themselves about the assets and Mobile No. 9226313440s
their specification.
Contact person with mobile
number.
13 Other conditions (a) The Bidders have to register themselves well
before the auction date as registration of bidders
take minimum of three working days. The bidder
has to ensure and confirm for himself that the
EMD amount is transferred from his bank account
to his own wallet with MSTC by means of
NEFT/RTGS transfer from his bank account. The
bidder will be accepted by the system for auction
only if the requisite amount of EMD is present in
his wallet or else he will be not accepted as bidder
by system and he will be not able to participate in
auction.

(b) In the event of failure of auction the bidder has

to place refund request from wallet to bank
account through his account maintained by MSTC
which will refund the same back to bidders bank
account. For further information kindly contact
Banks Authorized officer.

(c) To the best of knowledge and information of the

Authorised Officer, there is no encumbrance on the
property/ies. However, the intending bidders
should make their own independent inquiries
regarding the encumbrances, title of property/ies
put on auction and claims/ rights/ dues/ 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
any representation of the bank. The property is
being sold with all the existing and future
encumbrances whether known or unknown to the
bank. The Authorised Officer/ Secured Creditor
shall not be responsible in any way for any third
party claims/ rights/ dues. The sale shall be
subject to rules/ conditions prescribed under the
Securitization and Reconstruction of Financial
Assets and Enforcement of Security Interest Act,
2002.The other terms and conditions of the e-
auction are published in the following websites
www.sbi.co.in & https://ibapi.in
(d) The successful bidder shall be required to
submit the final prices, quoted during the e-
Auction as per the annexure after the completion
of the e-Auction, duly signed and stamped as
token of acceptance without any new condition
other than those already agreed to before start of
e-Auction.
(e) During e-Auction, if no bid is received within
the specified time, State Bank of India at its
discretion may decide to revise opening price /
scrap the e-Auction process / proceed with
conventional mode of tendering.
(f) The Bank / service provider for e-Auction shall
not have any liability towards bidders for any
interruption or delay in access to the site
irrespective of the causes.
(g) The bidders are required to submit acceptance
of the terms & conditions and modalities of e-
Auction adopted by the service provider, before
participating in the e-Auction.
 (h) The bid once submitted by the bidder, cannot
be cancelled/withdrawn and the bidder shall be
bound to buy the property at the final bid price.
The failure on the part of bidder to comply with
any of the terms and conditions of e-Auction,
mentioned herein will result in forfeiture of the
amount paid by the defaulting bidder.
(i) Decision of the Authorised Officer regarding
declaration of successful bidder shall be final and
binding on all the bidders.
(j) The Authorised Officer shall be at liberty to
cancel the e-Auction process / tender at any time,
before declaring the successful bidder, without
assigning any reason.
(k) The bid submitted without the EMD shall be
summarily rejected. The property shall not be sold
below the reserve price.
(l) The conditional bids may be treated as invalid.
Please note that after submission of the bid/s, no
correspondence regarding any change in the bid
shall be entertained.
(m) The EMD of the unsuccessful bidder will be
refunded to their respective A/c numbers shared
with the Bank. The bidders will not be entitled to
claim any interest, costs, expenses and any other
charges (if any).
(n) The Authorised Officer is not bound to accept
the highest offer and the Authorised officer has
absolute right to accept or reject any or all offer(s)
or adjourn / postpone / cancel the e-Auction
without assigning any reason thereof. The sale is
subject to confirmation by the secured creditor.
(o) In case of forfeiture of the amount deposited by
the defaulting bidder, he shall neither have claim
on the property nor on any part of the sum for
which may it be subsequently sold.
(p) The successful bidder shall bear all the
necessary expenses like applicable stamp duties /
additional stamp duty / transfer charges,
Registration expenses, fees etc. for transfer of the
property in his/her name.
(q) The payment of all statutory / non- statutory
dues, taxes, rates, assessments, charges, fees
etc., owing to anybody shall be the sole
responsibility of successful bidder only.
(r) In case of any dispute arises as to the validity
of the bid (s), amount of bid, EMD or as to the
eligibility of the bidder, authority of the person
representing the bidder, the interpretation and
decision of the Authorised Officer shall be final. In
such an eventuality, the Bank shall in its sole
discretion be entitled to call off the sale and put
the property to sale once again on any date and
at such time as may be decided by the Bank. For
any kind of dispute, bidders are required to
contact the concerned authorised officer of the
concerned bank branch only.
a (s) The sale certificate shall be issued after
receipt of entire sale consideration and
 confirmation of sale by secured creditor. The sale
certificate shall be issued in the name of the
successful bidder. No request for change of name
in the sale certificate other than the person who
submitted the bid / participated in the e-Auction
will be entertained.

Date : 30.08.2021
Place: Pune (Mrs. Jyoti Bandmantri)
AUTHORISED OFFICER,
STATE BANK OF INDIA,
SARB, PUNE