Introduction
The Securities and Exchange Board of India (SEBI) has initiated an e-auction for the sale of immovable properties belonging to KBCL India Ltd., under recovery proceedings outlined in Section 28A of the SEBI Act, 1992. The process is being facilitated by Quikr Realty Private Limited and conducted through an online platform, providing an opportunity for prospective buyers to acquire valuable properties on an "as-is-where-is" basis.
Key Details of the Auction
Auction Platform and Agency
Agency: Quikr Realty Private Limited
Service Provider: M/s C1 India
Auction Website: www.quikrrealty.com/e-auction
Important Dates
Last Date for Bid Submission: December 16, 2024, 5:00 PM
Property Inspection Date: December 2, 2024, 5:00 PM
Auction Date and Time: December 23, 2024, from 11:00 AM to 1:00 PM
EMD Submission
EMD equivalent to 10% of the Reserve Price for each property.
Payment should be made via EFT/NEFT/RTGS to SEBI’s Virtual Bank Account:
Account Number: SEBIRNCIS1011
IFS Code: BKID00VAN04
Reserve Price and Property Details
The auction involves properties in Mathura, Uttar Pradesh. Below is a summary:
| Sl. No. | Property Description | Area (Hectares) | Reserve Price (₹) | EMD (₹) | Bid Increment (₹) |
|---|---|---|---|---|---|
| 1 | Khasra No.151, Khatha No.157, Churmura Village | 0.4330 | 17,32,000 | 1,73,200 | 50,000 |
| 2 | Khasra No.397, Churmura Village | 0.4980 | 19,92,000 | 1,99,200 | 50,000 |
| ... | (Additional property details can be listed here) |
https://www.sebi.gov.in/enforcement/auction-notice-under-recovery-proceedings/nov-2024/public-notice-for-e-auction-for-sale-of-immovable-properties-relating-to-kbcl-india-ltd_88685.html
Terms and Conditions
General Conditions
Properties are sold on an "as-is-where-is" basis, with no claims against SEBI or the agency for any encumbrances or discrepancies.
Taxes, dues, and charges must be borne by the successful bidder.
Registration and Participation
Interested bidders must complete an online registration on the auction platform.
Documents required:
PAN Card
Aadhaar Card
Valid Photo ID Proof (e.g., Passport, Driving License)
EMD payment must be made before submitting the online bid.
Auction Rules
The auction starts at the highest bid submitted before the scheduled time and progresses in multiples of the specified bid increment amount.
The auction system allows auto-extension of 5 minutes for every new bid received within the last 5 minutes.
The highest bidder must pay 25% of the bid amount (inclusive of EMD) immediately upon winning. The remaining amount, along with a 1% poundage fee, must be paid within 15 days.
Inspection and Documentation
Property inspection is scheduled for December 2, 2024. Intending bidders must submit a request at least 7 working days prior to the inspection date.
SEBI provides scanned copies of title deeds and other related documents for review.
Refund of EMD
Unsuccessful bidders will receive their EMD back without interest after the auction process concludes.
Process of Participation
Registration
Create an account on the auction platform and provide necessary documents and EMD payment proof.
Bid Submission
Submit bids online through the platform before the deadline, ensuring all details are accurate.
Bidding on Auction Day
Log in to the auction platform with your credentials and participate in real-time bidding.
Post-Auction Formalities
Deposit 25% of the bid amount immediately.
Pay the remaining amount within 15 days.
Complete legal formalities, including registration and payment of stamp duties.
Contact Information
For further details or assistance, you can reach out to:
SEBI Northern Regional Office:
NBCC Complex, Tower 1, 8th Floor, Block A, East Kidwai Nagar, New Delhi – 110023
Phone: 011-69012998 / 011-69012913
Email: auctionsnro@sebi.gov.in / deepshikhal@sebi.gov.in
Quikr Realty Support:
Phone: +919321575329 / +919742160803
Email: auctions@quikrrealty.com
Conclusion
This e-auction offers a unique opportunity to acquire prime properties in Mathura, Uttar Pradesh. Participants are encouraged to review the terms, inspect the properties, and prepare for a transparent bidding process.