ft^ - 570005 0821-2526501-29 TTJI^ : 2433316. Fax: 2433316 RECOVERY DIVISION OR/AUCTION/5 /2014 15.05.2014 1. Mr. Manjegowda S/o Late Gunde Gowda, 2 Mrs. Rangamma w/o Mr. Manjegowda H N Pura Tq. Hassan Dist. ' " H N Pura Tq. Hassan Dist. 3. Mr. Shantha O/o Probation Office Dept of Women & Child Development Kuvempunagar, Hassan. <BY BECD.ADI Dear Sir, Sub: Notice of 30 days for sale of immovable secured assets under Rule 8(2) of the Security Interest (Enforcement) Rules. 2002 1., K R Puram Hassan Branch, the secured creditor had issued notice dated 25.06.2013 under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the Authorized Officer, have taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002 on 28.10.2013. Possession notice dated 28.10.2013 issued by the Authorised Officer, as per appendix IV to the Security Interest (Enforcement) Rules, 2002 was delivered to you and the same was also affixed to the residential property measuring E-W : 60' & N-S : 30' bearing khata No.38, junger No.40, comprised in Sy. No.67, situated at Village, Halekote Hobli, Holenarasipur Taluk, Hassan dist, apart from publication of the same in newspapers. 2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession of by the Authorized Officer, will be sold by obtaining quotations from the parties dealing in the secured assets or otherwise
«3rt Tfel^*wW«!l ft^ - 570005 ^ >W: 0821-2526501-29 Fax: 2433316 : 2433316 interested in buying such assets/inviting tenders from the pubhc/holding pubuc auction on 23.06.2014 at 12.30 PM. 3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. End: Terms of sale. vuthovise
fl^ - 570005 ^qrr: 0821-2526501-29 ^hl+y : 2433316 13 X^^^Il Fax: 2433316 TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS: 1 Name & Address of the Borrower & Guarantor 1. Mr. Manjegowda S/o Late Gunde Gowda, H N Pura Tq. Hassan Dist. 2 Mrs. Rangamma (Co-Borrower) w/o Mr. Manjegowda H N Pura Tq. Hassan Dist 2 Name & Address of the Secured Creditor (Bani<] 3 The description of immovable secured assets, to be sold by inviting tenders from public 3 Mr. Shantha (Guarantor) O/o Probation Office Dept of Women & Child Development Kuvempunagar, Hassan, KSOU Reg Centre, 786, 4'h Cross, Sampige Road, Hassan-573201. All that the part and parcel of Residential Property measuring East to West 60 Feet, North to South 30 Feet bearing Khata No.38, Junger No.40, comprised in Sy. No.67 situated at Village,Halekote Hobli, Holenarasipur Tq, Hassan Dist. The property is bounded as under: North : House property of R Rangaswamy South : House property of G Devarajegowda East : House property of Sannegowda West : Road 4 The details of encumbrances, if any, known Nil to the Secured Creditor 5 Last date for submission of sealed tenders. 23.06.2014 upto 11.30AM 6 The date, time, and place of opening 23.06.2014 at 12.30 PM tenders Hassan K R Puram Branch 7 The secured debt for the recovery of which Rs.2,32,581/- (inclusive Book Balance +Interest + the immovable secured assets is to be sold. charges up to 30.04.2014) 8 The reserve price/upset price below which Rs.8,88,000/- the immovable secured assets may not be (Rupees Eight Lakhs Eighty Eight Thousand Only) sold. ^^^ra Chief faanasei /vutv^orisedotnce.
art ifesp *i«itoi*!i tt^ - 570005 ^ qra": 0821-2526501-29 : 2433316 Fax: 2433316 1) The immovable secured asset will be sold by Authorized Officer by inviting tenders from the public on the date, place and time mentioned in the notice in "as is where is condition and what is there is" condition. 2) The intending tenderer shall have to deposit with the Authorized Officer a sum of Rs.89,000/- ( Rupees Eighty Nine Thousand Only) by way of Earnest money Deposit in the form of Cash/DD favouring The Authorized Officer,, K R Puram Hassan Branch, along with the tender on or before 23.06.2014 @ 11.30AM. 3) Full name and address of the tenderer has to be furnished to the Authorized Officer along with the tender. 4) The sealed tenders will be opened by the authorized Officer in presence of available/attending tenderers on 23.06.2014 @ 12.30PM. The tenderer/s present will have to sign the minutes of the proceedings of opening of tender drawn up by the Authorized Officer. ' 5) The Authorized Officer or the Secured Creditor, reserves the right to accept/reject the highest tender/bid without assigning any reason thereof or even to cancel the aforesaid sale. 6) The upset/reserve price is fixed at Rs.8,88,000/- for the sale by tender. 7) After opening the tenders, the intending bidders may be given an opportunity at the discretion of the Authorized Officer to have inter-se bidding amongst the tenderers. 8) The sale will be confirmed in favour of the highest tenderer/bidder and the confirmation of sale shall be subject to the confirmation by the Secured Creditor. 9) The successful tenderer so declared by the Authorized officer shall then and there tender/deposit 25% of the amount of sale price in Cash/DD, less the sum tendered/deposited by way of EMD, with the Authorized Officer conducting the sale and the balance amount of purchase price shall be paid to the Authorized Officer before 15"' day of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties. 10) In default of payment of balance amount of purchase price before IS"' day from the date of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties, the deposit of 25% of the amount of sale price made shall be forfeited and the property shall forthwith be sold again and the defaulting purchaser shall forfeit all claim to the property or to any part of the sum for which it may be subsequently sold. 11) On confirmation of sale by the secured creditor and if the terms of payment have been complied with by the successful tenderer, the Authorized Officer shall issue a Certificate of Sale of Immovable Property in favour of the purchaser in Appendix-V to the Security Interest (Enforcement) Rules, 2002. y ithorised Officer & Chief N\anager
C3rt Tfe;5*i«.toi«i ^ - 570005 ^ qm: 0821-2526501-29 ^rnw : 2433316 Fax: 2433316 12) The Authorized Officer may, where the immovable property sold is subject to any encumbrances, if he thinks fit, allow the purchaser to deposit with him the money required to discharge the encumbrances and any interest due thereon together with such additional amount that may be sufficient to meet the contingencies or further costs, expenses and interest as may be determined by him. 13) The entire sale consideration shall be exclusively available for appropriation towards dues to the Bank and it is exclusive of encumbrances, statutory dues and other dues if any, all of which have to be paid/settled by the proposed purchaser out of his own sources. 14) The expenses of Legal charges for conveyance, stamp duty and registration charges as applicable have to be borne by the successful purchaser. 15) The unsuccessful tenderers/bidders who have deposited EMD shall be entitled to have the same refunded without any interest immediately after the confirmation of sale by the Authorized Officer. 16) If the Borrower were to pay to the Authorized officer the entire amount due, with the up-to-date expenses including the expenses in taking possession and conducting the sale, to the secured creditor before opening the tenders, the sale by tender may be cancelled by the Authorized Officer. 17) The intending tenderers may, if they choose, after taking prior appointment from the Secured Creditor to inspect the immovable secured assets to be sold before the date fixed for submission of tender. 18) The intending tenderers if required shall contact the secured creditor branch for further details or any clarification on terms of sale. Place: Mysore Date: 15.05.2014 AUTHORtZ^DOFFICER