To: 1.M/s Vishwanath Transport Co Private Limited 8/1c Diamond Harbour Road Kolkata Pin Code : 700027 2. Late Mrs Shail Rani Jaiswal 3. Mr Hansraj Jaiswal 4. Mr Ramraj Jaiswal By Regd Post & Courier Dear Sir/Madam, Sub: Notice of 15 days for sale of movable secured assets under Rule 6 of the Security Interest (Enforcement) Rules, 2002. 1. Corporation Bank, New Alipore Branch, the secured creditor, caused a demand notice dated 07.09.2016 under Section 13(2) of the Securitization 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 movable secured assets under Section 13(4) of the Act read with Rule 6 of Security Interest (Enforcement) Rules, 2002. Possession dated 29.04.2017 issued by the Authorized Officer, as per appendix I & II to the Security Interest (Enforcement)) Rules, 2002 along with Panchanama & Inventory were delivered to you. 2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession by the Authorised officer, will be sold by holding public E- auction on 28.12.2017 at 11.45 am to 1.15 pm by inviting bids from the public through online on https://www.bankeauctions.com. 3. You are also requested to ensure participation by parties interested in buying the secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note the Auction will be conducted through e-auction mode on the date and time mentioned in the enclosed terms of sale. Yours faithfully Place : Kolkata Date : 14.12.2017 Encl: Terms of sale AUTHORISED OFFICER CORPORATION BANK
AUCTION SALE OF SECURED ASSETS UNDER RULE 6 OF THE SECURITY INTEREST (ENFORCEMENT) RULES, 2002 1. Name of the Bidder (s) (in capitals) : 2. Father s/husband s Name : 3. Date of Birth & Age : AUCTION APPLICATION FORM FOR THE PROPRTY 4. Postal Address of Bidders (proof to be enclosed) : 5. Phone Nos. : Landline : Mobile : 6. E-Mail ID of Bidder/Participant : 7. Bank account details to which EMD amount is to be Refunded : Type of Account : Saving/Current/CC Name of A/c Holder : Bank A/c No. : IFSC Code No. : Bank & Branch Name : 8. USER ID allotted by Service Provider : 9. Date of submission of Auction Application (on line) : 10. PAN Number of Bidder (copy to be enclosed) : 11. EMD remittance details : Date of remittance details : Name of Bank & Branch : Account No. : IFSC Code No.
DECLARATION I, s/o Sri, aged about years, R/o do hereby express my interest for participating in e -auction being conducted by Corporation Bank, New Alipore Branch for purchase of the movable property and declare that I have read, understood and agree to all the terms and conditions of e -Auction sale and shall abide by them. In the event, I am not being declared as successful bidder in the e -Auction, the EMD amount paid by me may be credited to my Bank Account furnished herein above. (Signature of the Bidder/s) Note: 1. In case of multiple bidders, the details shall be given in a tabular form on a separate sheet. 2. Hard (printed) copy of Auction Application Form duly filled in shall be submitted to Corporation Bank, New Alipore Branch by 27.12.2017, 5 p.m for getting qualified to participate in the e -auction.
TERMS AND CONDITIONS OF SALE OF MOVABLE SECURED ASSETS: 1. Name and address of the Borrower and Guarantor 1.M/s Vishwanath Transport Co Private Limited 8/1c Diamond Harbour Road Kolkata Pin Code : 700027 2. Mrs Shail Rani Jaiswal 1st Floor Kolkata 3. Mr Hansraj Jaiswal 1st Floor Kolkata 4. Mr Ramraj Jaiswal 2. Name and address of the Secured Creditor : Corporation Bank, New Alipore Branch H-4, Lakhmani Mansion; B.M.Sarani, New Alipore, Kolkata. Pincode :700053 3.Description of Secured Assets to be Sold 1. Hypothecation Of a Mahindra &Mahindra Trailer Registration Number : WB 11 B 8784 Date of Registration:13.02.2012 2. Hypothecation Of a Mahindra &Mahindra Trailer Registration Number : WB 11B 8788 Date of Registration:17.04.2012 3. Hypothecation Of a Mahindra &Mahindra Trailer Registration Number : WB 11B 8790 Date of Registration:13.02.2012 4.Hypothecation Of a Mahindra &Mahindra Trailer Registration Number : WB 11B 8366 Date of Registration:13.02.2012 5.Hypothecation Of a Mahindra &Mahindra Trailer Registration Number : WB 11B 8358 Date of Registration:13.02.2012 6.Hypothecation Of a Mahindra &Mahindra Trailer Registration Number : WB 11B 8361 Date of Registration:13.02.2012 7.Hypothecation Of a Mahindra &Mahindra Trailer Registration Number : WB 11B 8365 Date of Registration:13.02.2012 4.The details of encumbrances, if any known to the Secured Creditor 5. Last date for submission of EMD & e-bid Form: Nil On or before 27.12.2017 before 5.00 PM 6. Date & Time of auction 28.12.2017, 12.00 PM to 15.00 PM (with 10 min unlimited auto extensions) 7.The secured debt for the recovery of which the immovable secured asset is to be sold: Rs 73,32,873.00 as on 07.09.2016 + further interest and recoverable charges.
8.Reserve price for the properties below which the immovable property may not be sold: 1.Vehicle with Registration Number WB 11 B 8784 2. Vehicle with Registration Number WB 11B 8788 Reserve Price: Rs 3.38 Lakhs 3.Vehicle with Registration Number WB 11B 8790 Reserve Price: Rs 4.84 Lakhs 4.Vehicle with Registration Number WB 11B 8366 5.Vehicle with Registration Number WB 11B 8358 6.Vehicle with Registration Number WB 11B 8361 7.Vehicle with Registration Number WB 11B 8365 9.The intending tenderer / bidder shall deposit with the Authorised Officer an amount equivalent to 10% of reserve price by way of Earnest Money Deposit in the account of Authorised Officer, Corporation Bank, New Alipore Branch by Demand Draft or NEFT/RTGS to account No.064900201999952, IFSC Code-CORP0000649. 10. Full name and address of the tenderer / bidder with their identity proof and PAN card has to be furnished to the Authorised Officer while filling up the bid form. 11. Bank, the Secured Creditor, and reserves the right to accept / reject the highest bid of auction / without assigning any reason thereof or to cancel the sale. 12. In the case of auction, further bid shall not be less than Rs. 10,000/- for each property in excess of highest bid amount or the immediate preceding bid, as the case may be with multiple increment value of Rs. 10,000/-. 13. The sale will be confirmed in favour of the highest tenderer / bidder for the respective and the confirmation of sale shall be subject to the confirmation by the Secured Creditor. 14. The successful tenderer / bidder so declared by the Authorised Officer shall then and there tender 25% of the amount of sale price in Cash/DD, less the sum tendered/ bid by way of EMD, with the Authorised Officer conducting the sale and the balance amount of purchase price shall be paid to the authorized Officer before 15th day of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties. 15. In default of payment of balance amount of purchase price before 15 days 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.
16. On confirmation of sale by the secured creditor and if the terms of payment have been complied with by the successful tenderer / bidder, the Authorised 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. 17. The Authorised Officer may, where the 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. 18. On such deposit of money for discharge of encumbrances, the Authorised officer may issue or cause the purchaser to issue the notices to the persons interested in or entitled to the money deposited with him and take steps to make the payment accordingly. 19. Legal charges for conveyance, stamp duty and registration charges as applicable will be borne by the successful purchaser. 20.The Authorised Officer will deliver the property to the purchaser (free from encumbrances, known to the Secured Creditor) on deposit of money by the purchaser towards the discharge of such encumbrances. 21.The certificate of sale will be issued specifically mentioning whether the purchaser has purchased the immovable/movable secured assets free from any encumbrances known to the secured creditor or not. 22. The unsuccessful tenderers who have deposited EMD shall be entitled to have the same refunded without any interest immediately after the confirmation of sale by the Authorised Officer. 23. If the Borrower were to pay to the Authorised Officer the entire amount due, with the up-todate expenses including the expenses in taking possession and conducting the sale, to the secured creditor before physical-auction, the sale may be cancelled by the Authorised Officer. 24. The above movable/immovable secured assets will be sold in As is where is and As is What is condition. 25. The intending tenderers may, if they choose, after taking prior appointment from the Authorised Officer, inspect the immovable secured assets to be sold before the date fixed for submission of tender. 26. The entire sale consideration shall be exclusively available for appropriation towards dues to the Bank and it is exclusive of encumbrances of all statutory dues and other dues if any, all of which have to be paid / settled by the proposed purchaser out of his own sources.
27 The E-auction will be conducted through portal https://www.bankeauctions.com on 28.12.2017 from 11.45 AM to 1.15 pm with unlimited extension of 10 Min. For detailed procedure and terms and conditions of E-Auction, interested bidder may visit https://www.bankeauctions.com & download business rule document. The intending purchaser/bidder is required to register their name at https://www.bankeauctions.com and get user ID and" password free of cost and get training / on-line training on E-Auction from C1 India Pvt. Ltd (Contact person Mr. Kingshuk Ghosh (Sr. Sales Executive): +91-9836311889, Email Id kolkata@c1india.com. Direct Landline Head Office Support Number: +91 124 4302000, Direct Extn-20, 21,22,24,25, Mob No.:+91-7291981125/1126, Email id:- support@bankeauctions.com & sales@bankeauctions.com. 28. To the best of Information and Knowledge of the Authorised Officer, there is no encumbrance on the property. However the intending bidders should make their own independent enquires regarding the encumbrances, title of the property put on auction and the claims / rights/ dues affecting the property, prior to submitting their bid. The Physical auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation of the Bank. The above property is being sold with all 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. 29. Date of Inspection: Between 14.12.2017 to 27.12.2017 With prior information from the Authorised Officer. Date: 14.12.2017 Place: Kolkata AUTHORISED OFFICER CORPORATION BANK