Branch: BHAVNAGAR, SHOP NO.1 TO 5, NIRMAL PLAZA, PLOT NO. 20 TALAJA ROAD NEAR SANSKAR MONDAL BHAVNAGAR, GUJARAT E-AUCTION ON 15-11-2016 AT 10.00 A.M. to 3.00 P.M UNDER SARFAESI ACT 2002 AS IS WHERE IS BASIS, AS IS WHAT IS BASIS M/s Paras Fabrication Residential House at Vada Chora, Bhavnagar Details of the Immovable property 1. All that piece & parcel of city survey no.4840, sheet no.130, Ward no 2, Zunza Mistry Street, Behind Swaminaryan Temple, Vadva Chora, Bhavnagar, Built up Area 94.41 Sq. yrd. Name of the Borrower Name of Guarantor/Mortgagor (s) Amount of Secured debt Reserve Price Earnest Money Deposit Detail of encumbrance Last Date & time for Submission of Process compliance Form with EMD amount Date and Time of e-auction For further details and Terms & Conditions, contact: Mr. P C JAT, Chief Manager Ph : 079-26304315/16/17 Mob : 9724075388, 9724592936 E-mail: br.bhavanagar@allahabadbank.in zo.ahmedabad@allahabadbank.in zo.ahm_recovery@allahabadbank.in Date: 04-10-2016 Place: Ahmedabad M/s Paras Fabrication Mr. Paras Shantilal Rathod (Proprietor of M/s Paras Fabrication) Mr. Pankaj Jayantialal (Guarantor & Mortgagor) Mr. Pravinbhai Gugjibhai (Guarantor & Mortgagor) Mr. Rajesh Kantilal (Guarantor & Mortgagor) Rs. 12, 61,648.23 as per demand notice dated 05-01-2016 + interest till the date of realization & cost, charges & other expenses. Property 1- Rs. 10.00 Lacs (Ten Lacs only) 10 % of Reserve Price There is no encumbrance on the property described herein to the best of knowledge & information of the Authorized Officer. On 11-11-2016 up to 4.00 P.M. On 15-11-2016 Between 10.00 A.M. to 3.00 P.M with unlimited extension. Bid Incremental Value is Rs 50,000/- For downloading further details and Terms & Conditions, please visit: (i) https://www.allahabadbank.in (ii) https:// www.tenders.gov.in (iii) https://allahabadbank.auctiontiger.net M/s e-procurement Technologies Ltd. (abcprocure), Ahmedabad. Mr. Jinesh Jariwala, E-mail: gujrat@auctiontiger.net, jinesh.jariwala@auctiontiger.net, (M)-9537046315, Mr. Rikin Brahmaxatriya, E-mail: rikin@auctiontiger.net Mob:9978591888, Ph: 079-40230803/21/13/14 Authorized Officer Road, Navrangpura, Ahmedabad -380009, E-mail : zo.ahmedabad@allahabadbank.in, Ph.-079-26304319 1
ALLAHABAD BANK (A Govt. of India Undertaking) Head Office, 2, Netaji Subhas Road, Kolkata 700 001 Branch Office: Bhavnagar NOTICE OF SALE Sale of Immovable property/ies mortgaged to Bank under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (No. 54 of 2002) Auction No. ZOA/REC/2016-17/459 Dated: 04-10-2016 Whereas, the Authorized Officer of had taken possession of the following property/ies pursuant to the notice issued under Sec 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 in the following loan account with right to sell the same on AS IS WHERE IS BASIS, AS IS WHAT IS BASIS for realization of Bank's dues plus interest as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Bank's dues by sale of the said property/ies. The Sale will be done by the undersigned through e-auction platform provided at the website https://allahabadbank.auctiontiger.net. Name of the Borrower Account/Guarantor/Mortga gor Name of the Borrower: 1) M/s Paras Fabrication Press Road, J. B. Na Dela, Juna Bundar Road, Bhavnagar - 2) Mr. Paras Shantilal Rathod. 28/325 Jalaram Apartment, Last Bus Stand, Anandnagar, Bhavnagar- Guarantor & Mortgagor: 1) Mr. Pankaj Jayantilal 726 Asidpir Fali, Vadava Padar, Dhevaki Pase, Bhavnagar 2) Pravinbhai Gujibhai 726, 9-Vadva Achora Thobha, Laxmi Kunj, Bhavnagar 3) Mr. Rajesh Kantilal Zuja Mistri Street, Details of the Guarantors 1) Mr. Pankaj Jayantilal 726 Asidpir Fali, Vadava Padar, Dhevaki Pase, Bhavnagar 2) Pravinbhai Gujibhai 726, 9-Vadva Achora Thobha, Laxmi Kunj, Bhavnagar 3) Mr. Rajesh Kantilal Zuja Mistri Street, Vadvachora, B/h Swami Narayan a) Date of Demand Notice b)date of Possession c) Claim Amount as per Demand Notice a) Notice 05-01-2016 b) 9-6-2016 c) Rs. 12, 61,648.23 as per demand notice dated 05-01-2016 + interest till the date of realization & cost, charges & other expenses. Description of Property 1. All that piece & parcel of city survey no.4840, sheet no.130, Ward no 2, Zunza Mistry Street, Behind Swaminaryan Temple, Vadva Chora, Bhavnagar, Built up Area 94.41 Sq. yrd. a) Reserve Price b) Earnest Money c) Bid Increase Amount a) Property 1- Rs. 10.00 Lacs (Ten Lacs Only) b) 10 % of Reserve Price c) Rs.50,000/- Road, Navrangpura, Ahmedabad -380009, E-mail : zo.ahmedabad@allahabadbank.in, Ph.-079-26304319 2
Vadvachora, B/h Swami Narayan Temple, Vadva, Bhavnagar Temple, Vadva, Bhavnagar Last date & time of submission of Process Compliance form & EMD: 11 th Day, November 2016 up to 4.00 PM. at, SHOP NO.1 TO 5, NIRMAL PLAZA, PLOT NO. 20 TALAJA ROAD NEAR SANSKAR MONDAL BHAVNAGAR, GUJARAT, Ph: 0278-2570170 Mob: 9472951592 Date & time of e-auction: 15 th Day, November 2016, from 10 AM to 3 PM at the platform of https://allahabadbank.auctiontiger.net Terms and Conditions 1. Platform (https://allahabadbank.auctiontiger.net) for e-auction will be provided by our e-auction service provider M/s. e-procurement Technologies Ltd having its Registered office at B-704-5 Wall Street-II, Ellisbridge, Ahmedabad (contact Phone & Mobile Numbers Ms. Jinesh Jariwala, Mr. Rikin Brahmaxatriya, Contact no. 079-40230803 l 821 l 813 l 814 l 815 l 816 l 817 l 818 l 822. Email id: jinesh.jariwala@auctiontiger.net;rikin@auctiontiger.net). This Service Provider will also provide demonstration/ training on e-auction, if required, to the bidders who have deposited EMD with the Authorized Officer. 2. Earnest Money Deposit (EMD) for an amount equivalent to 10% of reserve price of the property is required to be deposited in a closed cover along with above referred Process Compliance Form for taking part in e-auction with Authorized Officer within 11-11-2016 ( up to 4 pm.) along with Demand Draft / Banker s Cheque pertaining to above referred EMD. The envelope should be superscribed EMD for e-auction A/c M/s Paras Fabrication. EMD amount shall be paid through Banker's Cheque/Demand Draft issued by a Scheduled Commercial Bank drawn in favor of The Authorized Officer, payable at Bhavnagar. The EMD is refundable, if the bid is not successful. Payment by any other mode such as Cheques/Cash will not be accepted for the aforesaid purpose. Bidders, not depositing the earnest money, will not be allowed to participate in the e-auction 3. The intending participants of e-auction may download free of cost, copies of the Sale Notice, Terms & Conditions of e-auction, Help Manual on operational part of e-auction & Process Compliance Form related to this e-auction from above mentioned web site of service provider M/s. e-procurement Technologies Ltd. 4. For the purpose of participation in e-auction, the bidder must have a valid Digital Signature Certificate (DSC-Class II & above). Any intending bidder, presently not having DSC may procure it from any Licensed Certifying Authority authorized under Section 24 of the Indian I.T. Act 2000 (CA). 5. Interested bidders may first login on above mentioned e-auction portal of the Service Provider & on line register as one of the participants for e-auction, download Process Compliance Form (PCF) & after filling it(pcf) properly may submit the same along with EMD with the Authorized Officer as specified above OR intending Bidder may first directly approach the Authorized Officer, obtain blank PCF and fill it properly and submit it along with EMD with the Authorized Officer as specified above and then visit /log in on above mentioned e-auction portal of the Service Provider for on line registration as one of the participants for e-auction. 6. Process Compliance Form should be properly filled in & signed by the authorized person of the bidder only. It must contain i) Name ii) Address iii) valid e-mail id and Mobile No., Contact No. (registered / to be registered with above referred e-auction Website ) Road, Navrangpura, Ahmedabad -380009, E-mail : zo.ahmedabad@allahabadbank.in, Ph.-079-26304319 3
7. During the e-auction bidders will be allowed to offer higher bid in inter-se bidding over and above the last bid quoted. If there is any bid entered in the system by any bidder before 5 minutes of close of the bid time, then automatically a period of 10 minutes will be extended and the same process will be continued for unlimited period. 8. The intending Bidders/Purchasers are required to participate in the e-auction process at e-auction Service Provider s website https://allahabadbank.auctiontiger.net and e-auction will be conducted on 15-11-2016 Between 10.00 A.M. to 3.00 P.M. 9. Intending Bidders are advised to properly read the Sale Notice, Terms & conditions of e-auction, Help Manual on operational part of e-auction and follow them strictly. 10. To the best of knowledge and information of the Authorized Officer, there is no encumbrance on the property/ies. However, the intending bidders should make their own independent inquiries regarding the encumbrances, and claim/right/dues/affecting the property/ies, prior to submitting their bid. The property is being sold with all the existing and future encumbrances whether known or unknown to the bank. The Authorized Officer/ Secured Creditor shall not be responsible in any way for any third party claims/rights/dues. 11. In case of any difficulty or assistance is required before or during e-auction process they may contact authorized representative of our e-auction Service Provider (Mr. Jinesh Jariwala Mob: 9537046315 or Mr. Rikin Brahmaxatriya Mob:9978591888 ) 12. After finalization of e-auction by the Authorized Officer, only successful bidder will be informed by our above referred service provider through SMS/ email. (On mobile no/ email address given by them/registered with the service provider). 13. The successful bidder shall have to deposit 25% (twenty five percent) of the bid amount, less EMD amount deposited, immediately and the remaining amount shall be paid within 15 days from the date of auction. In case of failure to deposit the amount within the time as stipulated, the amount deposited by successful bidder will be forfeited by the Authorized Officer and Authorized Officer shall have the liberty to cancel the auction and conduct a fresh auction. 14. Payment of sale consideration by the successful bidder to the bank will be subject to TDS under Section 194 1A of Income Tax Act 1961 and TDS is to be made by the successful bidder only at the time of deposit of remaining 75% of the bid amount. 15. All the above referred payments are required to be made in the form of Banker's Cheque /Demand Draft issued by a Scheduled Commercial Bank drawn in favor of The Authorized Officer, payable at Bhavnagar OR to be remitted through RTGS/NEFT (IFSC Code- ALLA0212406) for credit of account number 99999024065 of The Authorized Officer,. 16. On receipt of the entire sale consideration, the Authorized Officer shall issue the Sale Certificate as per rules and the same shall be issued in the name of the bidder(s)/purchaser(s)/applicant(s) only and will not be issued any other name(s). 17. All expenses relating to stamp duty and registration of Sale Certificate/ conveyance, if any, shall be borne by the successful bidder. 18. The Authorized Officer will not be held responsible for any charge, lien, encumbrance, property tax, or any other dues to the Government or anybody in respect of the property under sale. 19. The Authorized Officer has the absolute right to accept or reject any bid or adjourn/postpone/ cancel the sale without assigning any reason therefore. It may be noted that nothing in this notice Road, Navrangpura, Ahmedabad -380009, E-mail : zo.ahmedabad@allahabadbank.in, Ph.-079-26304319 4
constitute or deemed to constitute any commitment or representation on the part of the bank to sell the property. 20. For inspection of the property/ies, the intending bidders may contact, Bhavnagar Branch during office hours between 11-10-2016 to 11-11-2016. 21. For the benefit of the intending bidders, the Bank has set up a Facilitation Centre at the following address. The prospective bidders may avail the assistance of the Facilitation Centre to understand the process of e-auction, if required. Address of Facilitation Centre: Branch Manager Bhavnagar Branch Contact Person: Mr. Prasoon, Senior Manager Ph: 0278-2570170 Mob: 9472951592 Note: This is also a notice to the borrower/guarantors/mortgagors of the above said loan about holding of this sale on the above mentioned date and other details. Date: 04/10/2016 Authorized Officer Place: Ahmedabad Road, Navrangpura, Ahmedabad -380009, E-mail : zo.ahmedabad@allahabadbank.in, Ph.-079-26304319 5