ALLAHABAD BANK (A Govt. of India Undertaking) Head Office: 2, Netaji Subhash Road, Kolkata-700 001 Branch office: IFB Branch, LUDHIANA Phone No: 0161-5028065 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. ALB/IFB/2014-15/01 Dated: 28.05.2014 Whereas, the Authorized Officer of Allahabad Bank had taken possession of the following property/ies pursuant to the notice issued under Section 13(2) of 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://www.tenderwizard.com/abbank). Name of the Borrower Account 1.M/S. Jatinder Gambhir Hospital Address: (i) H.No. 23-C, Shaheed Bhagat Singh Nagar, Pakhowal Road, Ludhiana (Prop. Jatinder Gambhir) 1. Smt. Jatinder Gambhir w/o Sh. Arvinder Pal Singh, Address: H.No. 23-C, Shaheed Bhagat Singh Nagar, Pakhowal Road, Details of the Guarantors/ Mortgagor 1 Smt. Jatinder Gambhir w/o Sh. Arvinder Pal Singh, Address: H.No. 23- C, Shaheed Bhagat Singh Nagar, Pakhowal Road, 2. Sh. Arvinder Pal Singh S/o Sh. Kartar Singh Address: H.No. 23-C, Shaheed Bhagat Singh Nagar, Pakhowal Road, a) Date of Demand Notice b) Date of Possession c) Claim Amount as per Demand Notice a) 01.07.2013 b) 05.09.2013 c) Rs.7,21,09,517/- (Rupees Seven Crore Twenty One Lac NineThousand Five Hundred Seventeen Only ) as on 30.06.2013 Plus interest till the date of realization and costs, charges and expenses Description of Property a) Reserve Price b) Earnest Money Property SI No.1 All that part and parcel of one house being plot no-23-c, measuring 445 sq. yards, comprised out of Khasra no- 67//17 Khata no-1823/1956, as per jamabandi for the year 2000-01, situated at village Sunet,(locality known as Saheed Bhagat Singh Nagar, Pakhowal Road) Tehsil and Distt hadbast no-159 and bounded as under: East:Road 35-0 West:plot no-24-c 35-0 North:Plot no-22-c 115-0 South:Road 100 wide115-0 As per sale deed wasika no- 13140 dated 07/10/2003, standing in the name of Smt Jatinder Gambhir w/o Sh Arvindpal singh a). Rs. 4,50,00,000/- (Rupees Four Crore Fifty Lacs Only) b). Rs. 45,00,000/- (Rupees Forty Five Lacs Only)
2.M/S. Shree Narain Traders Address:- Factory: C-207, Phase-V. Focal Point, Ludhiana 1. Sh. Sahil Gupta S/o Sh. Kaushal Gupta Address:57-H, BRS Nagar, Ludhiana (Partner & Guarantor) 2. Smt. Rekha Bansal W/o Sh. Arun Bansal Address: House no-801,sector-17, Gurgaon (Haryana) (Partner, Mortgager & Guarantor) 3. Sh. Chetan Bansal S/o Sh. Arun Bansal Address: House no-801,sector-17, Gurgaon (Haryana) (Partner, Mortgager & Guarantor) 1. Sh. Sahil Gupta S/o Sh. Kaushal Gupta Address:57-H, BRS Nagar, Ludhiana (Partner & Guarantor) 2. Smt. Rekha Bansal W/o Sh. Arun Bansal Address: House no- 801,Sector-17, Gurgaon (Haryana) (Partner, Mortgager & Guarantor) 3. Sh. Chetan Bansal S/o Sh. Arun Bansal Address: House no- 801,Sector-17, Gurgaon (Haryana) (Partner, Mortgager & Guarantor) 4. Ms. Neha D/o Sh. Arun Kumar Address: House no- 801,Sector-17, Gurgaon (Haryana) (Mortgager & Guarantor) a) 01.07.2013 b) 05.09.2013 c)rs.5,68,95,933/- (Rupees Five Crore Sixty Eight Lacs Ninety Five Thousand Nine Hundred Thirty Three Only ) as on 25.06.2013 Plus interest till the date of realization and costs, charges and expenses Property SI No.2 Property bearing no. MC No-B- XII-34/1 measuring 1030 sq. yards comprised of Khasra no- 2664,2665 Khata no-172/156, 185 as per jamabandi for the year 2007-08 situated at Moga Mehla singh-iii, Hadbast No- 23, Abadi known as Partap road, Tehsil and Distt Moga, bounded as under: East:Leelawanti Admeasuring 206 West:Passage Admeasuring 206 North:Partap Road Admeasuring 45 6 South: Balwinder kumar Admeasuring 45 6 Mortgaged with the bank by Smt Rekha Bansal W/o Sh Arun Kumar Smt. Neha Bansal D/o Sh. Arun Kumar and W/o Sh. Manish Thareja, Sh. Chetan S/o Arun Kumar R/o 801. Sector-17, Gurgaon- Haryana Vide registered deed no-966 dated 13/05/2010 a). Rs. 7,11,00,000/- (Rupees Seven Crores Eleven Lacs Only) b). Rs. 71,10,000/- (Rupees Seventy One Lacs Ten Thousand Only) 5. Sh. Kaushal Gupta S/o Sh. Ganpat Ram Address:57-H, BRS Nagar, Ludhiana (Guarantor) 3. M/S. P.J.Krafts Pvt Ltd Address: Factory:Village Dheri, Near village Bajra, Ludhiana Office: Ist floor,canara Bank Building,Ludhiana 1. Sh. Satnam Singh S/o Sh. Dalip Singh Address: 43-B, Sarabha Nagar, 2. Smt. Sonia Mehra W/o Sh. Devender Kumar Mehra Address: 304-F, Shaheed Bhagat Singh Nagar, Pakhowal Road, 3.Sh. Devender Kumar Mehra S/o Sh. Satish Kumar Mehra Address: 304-F, Shaheed Bhagat Singh Nagar, Pakhowal Road, 1. Sh. Satnam Singh S/o Sh. Dalip Singh Address: 43-B, Sarabha Nagar, 2. Smt. Sonia Mehra W/o Sh. Devender Kumar Mehra Address: 304-F, Shaheed Bhagat Singh Nagar, Pakhowal Road, 3.Sh. Devender Kumar Mehra S/o Sh. Satish Kumar Mehra Address: 304-F, Shaheed Bhagat Singh Nagar, Pakhowal Road, a) 05.07.2013 b) 10.09.2013 c)rs.4,34,63,234/- (Rupees Four Crores Thirty Four Lacs Sixty Three Thousand Two Hundred Thirty Four Only ) as on 29.06.2013 Plus interest till the date of realization and costs, charges and expenses Property SI No.1 a)land measuring 500 square yards, comprised khasra no- 1153/519/24 and khata no- 135/143 as per jamabandi for the year 1991-92, Hadbast No- 78 situated at village Taraf Sekhewal, Abadi Mohalla, Nehru Vihar,Sekhewal tehsil and District Ludhiana,bounded as under: East-Property Satnam Singh West-Property Paramjit Kaur North: Street 20, Wide South:Road Sale deed no-7797 dated 13/12/1995 in the name of Sh. Satnam Singh b)land measuring 403 square yards, comprised khasra no- 1153/519/24 and khata no- 135/143 as per jamabandi for the year 1991-92, Hadbast No- 78 situated at village Taraf Sekhewal, Abadi Mohalla, Nehru Vihar,Sekhewal tehsil and District Ludhiana,bounded as under: a). Rs. 4,11,30,000/- (Rupees Four Crores Eleven Lacs Thirty Thousand Only) b). Rs. 41,13,000/- (Rupees Forty One Lacs Thirteen thousand Only) East-Property Chander shekhar
dhir Kaur West-Property Paramjit North: Street 20, Wide South:Road Sale deed no-14139 dated 23/09/1997 in the name of Sh. Satnam Singh c)land measuring 198 square yards, comprised khasra no- 1153/519/24 and khata no- 135/143 as per jamabandi for the year 1991-92, Hadbast No- 78 situated at village Taraf Sekhewal, Abadi Mohalla, Nehru Vihar,Sekhewal tehsil and District Ludhiana,bounded as under: East-Property Neighbour West-Property Satnam singh North: Street 20, Wide South:Road 18 6 Sale deed no-24434 dated 31/01/1997 in the name of Sh. Satnam Singh Property SI No.2 a)land measuring 4 kanal 0 marle, comprised khasra no- 13/5 and khata no-49/52 as per jamabandi for the year 2008-09, Hadbast No-75 situated at village village Dheri, Tehsil and district Ludhiana,bounded as under: East-Road West- Property Jaswant Singh a). Rs. 4,14,00,000/- (Rupees Four Crores Fourteen Lacs Only) b). Rs. 41,40,000/- (Rupees Forty One Lacs Forty Thousand Only) North: rasta to near motor South:Property Kulwinder kaur Sale deed no-20069 dated 22/03/2011 in the name of Sh. Satnam Singh. b)land measuring 4 kanal 0 marle, comprised khasra no- 13/5 and khata no-49/52 as per jamabandi for the year 2008-09, Hadbast No-75 situated at village village Dheri, Tehsil and district Ludhiana,bounded as under:east-road West- Property Jaswant Singh North: rasta to near motor South:Property Kulwinder kaur Sale deed no-17557 dated 21/02/2011 in the name of Smt.Sonia Mehra C) Land measuring 8 kanal 0 marle, comprised khasra no- 13/4 and khata no-49/52 as per
jamabandi for the year 2008-09, Hadbast No-75 situated at village village Dheri, Tehsil and district Ludhiana,bounded as under: East-Road West- Property Jaswant Singh North: rasta to rear motor South:Property Kulwinder kaur Sale deed no-17560 dated 21/02/2011 in the name of M/s P.J.Krafts Pvt Ltd Plant & machinery affixed in property no 2, raw material, finished goods and other misc. items lying in the premises and book debts. 4. M/S. ASHIRWAD INDUSTRIES, Address: (i) Taj Pur Road Khassi Kalan, (ii) 165 L Model Town, (Prop. Sumit Aggarwal) 1. Sri Sumit Aggarwal S/o Sri Ravinder Aggarwal, Address: 165 L Model Town, 1. Sri Sumit Aggarwal S/o Sri Ravinder Aggarwal, Address: 165 L Model Town, 2. Smt. Sonia Aggarwal w/o Sh. Vikas Aggarwal, Address: 165 L Model Town 3. Sh. Vishal Aggarwal s/o Sh. Ravinder Aggarwal Address:165 L Model Town, Ludhiana a) 03.10.2012 b) 18.12.2012 c)rs 2,09,88,878/ (Rupees Two Crore Nine Lacs Eighty Eight Thousand Eight Hundred Seventy Eight Only ) as on 01.10.2012 Plus interest till the date of realization and costs, charges and expenses Property SI No.1 All that part and parcel of Plot No.59, measuring 450 sq.yds.,comprised out of Khewat no.29, Khatauni no.33 P 16 Khasra No. 29//12/2,13/1,13/2,14/1,17 /3,19/1,19/2/2, 19/2/3,19/2/4,22/4,18,22/1,22/2,2 2/3,23/1,23/2, as per jamabandi for the year 2004 2005, situated at Village Lalton Kalan I Tehsil and District Ludhiana ( Locality known as Anand Enclave, Block B) and bounded as under: East: Road 35 wide 45 0, West: Plot No.56 45 0, North: Plot No.58 90 0, South: Plot No.60 90 0, As per sale deed wasika no.14230,dated 30/11/2007,standing in the name of Sh. Sumit Aggarwal s/o Sh. Ravinder Kumar Aggarwal. a). Rs. 42,94,000/ (Rupees. Forty Two Lacs Ninety Four Thousand Only) b). Rs. 4,29,400/ (Rupees Four Lacs Twenty Nine Thousand Four Hundred Only) Property SI No.2 All that part & parcel of Plot No.60, measuring 450 sq.yds.,comprised out of Khewat no.29, Khatauni no.33 P 16 Khasra No. 29//12/2,13/1,13/2,14/1,17 /3,19/1,19/2/2,19/2/3,19/2 /4,22/4,18,22/1,22/2,22/3,2 3/1,23/2, as per jamabandi for the year 2004 2005, situated at Village Lalton Kalan I Tehsil and District a). Rs. 42,94,000/ (Rupees. Forty Two Lacs Ninety Four Thousand Only) b). Rs. 4,29,400/ (Rupees Four Lacs Twenty Nine
Ludhiana ( Locality known as Anand Enclave, Block B) H.B.No.291,and bounded as under: East: Road 35 wide 45 0, West: Plot No.55 45 0, North: Plot No.59 90 0, South: Plot No.61 90 0, As per sale deed wasika no.14233,dated 30/11/2007,standing in the name of Smt. Sonia Agggarwal w/o Sh. Vikas Aggarwal Thousand Four Hundred Only) 5. M/s. SANGAM WINE TRADERS, Address:21 A/1, Chander Nagar,Civil Lines, Ludhiana (Partnership Firm) 1. Sri. Jagjit Singh Mangat S/o Sh. Sadhu Singh, Address: (i) 22, Aman House, Link Road, (ii) Mc.BXX11 3704, Shivaji Nagar (Partner) 2. Sri. Rupinder Singh Malhi S/o Sh. Apar Singh, Address: B 34/515,Chander Nagar,Civil Lines, Ludhiana (Partner) 1. Sri. Jagjit Singh Mangat S/o Sh. Sadhu Singh, Address: (i) 22, Aman House, Link Road, (ii) Mc.BXX11 3704, Shivaji Nagar 2. Sri. Rupinder Singh Malhi S/o Sh. Apar Singh, Address: B 34/515, Chander Nagar,Civil Lines, 3. Sri. Jogesh Kumar Gupta s/o Sh.Rajinder Kumar Gupta, Address: 373 C, Rajguru Nagar a) 01.10.2012 b) 15.12.2012 c)rs. 5,22,31,634.95 (Rupees Five Crore Twenty Two Lacs Thirty One Thousand Six Hundred Thirty Four & Paise Ninety Five Only) as on 01.10.2012. Plus interest till the date of realization and costs, charges and expenses Property SI No.3 All that Part & Parcel of Land measuring 2 Kanal 13 ¼ Marlas(1610 sq. yds.) being 213/2576 share out of total land measuring 32 Kanal 4 Marlas, comprised out of Mustil no.16,kila no.3(7 5),4/1(4 3), 7/2(5 14),8(8,0),14/1,(7 2) Khatta No. 431/514 as per jamabandi for the year 2004 2005,situated at Village Birmi, H.B.No.146 Tehsil and District Ludhiana,and bounded as under: East: Vendor 100 6, West: Neighbour 100 6, North: Passage 5.45 wide 144 2, South: Swaran Singh s/o Butta Ram 144 2, As per sale deed wasika no.715,dated 16/07/2008,standing in the name of Sh. Vishal Agggarwal s/o Ravinder Aggarwal Property SI NO.1 All that Part & parcel of Property measuring 1359 sq.yds., comprised out of Khasra No. 7//21/9,22/1/5,7//21/10,22 /1/4, Khatta no. 751/795,765/808, as per jamabandi for the year 2003 2004, situated at Village Sherpur Kalan( Locality Known as New Shivaji Nagar)Tehsil and Distt. Ludhiana, H.B.No.176, and bounded as under: East: Link Road 151 0 West: Owner 135 0, North: Street 129 7 South: Oswal Mills 61 7, As per sale deed wasika no.8218,dated 26/08/2009,standing in the name of Sh.Jagjit Singh Mangat s/o Sh.Sadhu Singh. a). Rs. 55,67,000/ (Rupees Fifty Five Lac Sixty Seven Thousand Only) b). Rs. 5,56,700/ (Rs. Five Lac Fifty Six Thousand Seven Hundred Only) a). Rs. 5,70,00,000/ (Rupees. Five Crore Seventy Lacs Only) b). Rs.57,00,000/ (Rs. Fifty Seven Lac Only)
6. M/S. SANGAM IMPEX PVT. LTD, Address: (i) SCO 51, 1 st Floor, Aman House, Link Road, Industrial Area A, (ii) Red Star Tower, Opp. Old DMC&H, 1. Sh. Jogesh Kumar Gupta S/o Sh. Rajinder Kumar Gupta Address: 373 C, Rajguru Nagar 2. Sh.Rajneesh Kaushal s/o Sh.Subhash Chand, Address: 215, Mohalla Mata Rani, Khanna, Distt. 1. Sh. Jogesh Kumar Gupta S/o Sh. Rajinder Kumar Gupta Address: 373 C, Rajguru Nagar 2. Sh. Rajneesh Kaushal s/o Sh. Subhash Chand, Address: 215, Mohalla Mata Rani, Khanna, Distt. 3. Sh. Jagjit Singh Mangat S/o Sh. Sadhu Singh, Address: (i) 22, Aman House, Link Road, (ii) Mc.BXX11 3704, Shivaji Nagar a) 01.10.2012 b) 15.12.2012 c)rs. 2,59,38,725.80 (Rupees Two Crore Fifty Nine Lacs Thirty Eight Thousand Seven Hundred Twenty Five and paise Eighty Only) as on 01.10.2012. Plus interest till the date of realization and costs, charges and expenses Property SI NO.1 All that part & parcel of Property measuring 0B 4B 16 1/3B Pukta comprised out of Khasra No. 317 318 1213/319 1211/319, Khatta no. 374/403, as per jamabandi for the year 2004 2005, situated at Village Mundian Kalan,Tehsil and Distt. Ludhiana, H.B.No.179, as per sale deed wasika no.21969 dated 25/03/2009, standing in the name of Sh.Jagjit Singh Mangat s/o Sh. Sadhu Singh bounded as under: East: Factory of M/s. B.K. Enterprises 135 0 West: Road 145 0 North: Vacant Plot 49 0 South: Chandigarh Road 53 0 a). Rs. 1,66,25,000/ (Rupees. One Crore Sixty Six Lac Twenty Five Thousand Only) b). Rs. 16,62,500/ (Rupees. Sixteen Lac Sixty Two Thousand Five Hundred Only Last Date and Place of Receiving Tenders: 07.07.2014 by 04:00 P.M at Allahabad Bank International Finance Branch, B-XXIII-98, 165 Industrial Area-A, Near Cheema Chowk, Ludhiana-141003, PUNJAB Date of e-auction : 08.07.2014, at 11:00 A.M to 01:00 P.M at Allahabad Bank International Finance Branch, B-XXIII-98, 165 Industrial Area-A, Near Cheema Chowk, Ludhiana-141003, PUNJAB Terms and Condition 1. Platform (https://www.tenderwizard.com/abbank) for e-auction will be provided by our e Auction service provider M/S. Antares Systems Limited having its Registered office at Banglore (contact Phone & Mobile Numbers- Mr. Kumar Chandan -09674758720 & Mr. Debraj Saha-09674758721).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. 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 www.tenderwizard.com/abbank. 3. 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 -28.01.2014 ( up to 04:00 PM.) along with Demand Draft / Banker s Cheque pertaining to above referred EMD. The envelope should be super-scribed EMD for e-auction A/c M/s. JATINDER GAMBHIR HOSPITAL in respect of properties mortgaged in the A/c: M/s. JATINDER GAMBHIR HOSPITAL, EMD for e-auction A/c M/s. SHREE NARAIN TRADERS in respect of properties mortgaged in the A/c: M/s. SHREE NARAIN TRADERS. EMD for e-auction A/c M/s. P.J.KRAFTS PVT LTD in respect of properties mortgaged in the A/c: M/s. P.J.KRAFTS PVT LTD. EMD for e-auction A/c M/s. ASHIRWAD INDUSTRIES in respect of properties mortgaged in the A/c: M/s ASHIRWAD INDUSTRIES. EMD for e-auction A/c M/s SANGAM WINE TRADERS in respect of properties mortgaged in the A/c: M/s. SANGAM WINE TRADERS. EMD for e- Auction A/c M/s SANGAM IMPEX PVT. LTD. in respect of properties mortgaged in the A/c: M/s. SANGAM IMPEX PVT.LTD. 4. EMD amount shall be paid through Banker's Cheque/Demand Draft issued by a Scheduled Commercial Bank drawn in favour of The Authorised Officer, Allahabad Bank, A/c M/S. JATINDER GAMBHIR HOSPITAL. for the properties mortgaged in the account of M/s. JATINDER GAMBHIR HOSPITAL, The Authorised Officer, Allahabad Bank, A/c M/S. SHREE NARAIN TRADERS for the properties mortgaged in the account of M/s. SHREE NARAIN TRADERS, The Authorised Officer, Allahabad Bank, A/c M/S. P.J.KRAFTS PVT LTD for the properties mortgaged in the account of M/S. P.J.KRAFTS PVT LTD, The Authorised Officer, Allahabad Bank,
A/c M/S ASHIRWAD INDUSTRIES. for the properties mortgaged in the account of M/s. ASHIRWAD INDUSTRIES, The Authorised Officer, Allahabad Bank, A/c SANGAM WINE TRADERS. for the properties mortgaged in the account of M/s. SANGAM WINE TRADERS, The Authorised Officer, Allahabad Bank, A/c M/S. SANGAM IMPEX PVT.LTD. for the properties mortgaged in the account of M/s. SANGAM IMPEX PVT.LTD, payable at LUDHIANA. 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. 5. 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 Information Technology Act, 2000 (CA). 6. 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 Authorised 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. 7. 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). 8. The intending Bidders /Purchasers are required to participate in the e-auction process at e-auction Service Provider s website www.tenderwizard.com/abbank & E-Auction will be conducted on 08.07.2014 at 11:00 A.M. to 01:00 P.M. 9. During the e-auction bidders will be allowed to offer higher bid in inter-se bidding over and above the last bid quoted and the minimum increase in the bid amount (Minimum Increment Value) must be of Rs 5,000/- to the last higher bid of the bidders. Ten minutes time will be allowed to bidders to quote successive higher bid and if no higher bid is offered by any bidder within ten minutes to the last highest bid, the e-auction shall be closed. 10. 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. 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. Kumar Chandan -Mob: 09674758720 or Mr. Debraj Saha Mob: 09674758721). 12. After finalization of e-auction by the Authorized Officer, only successful bidder will be informed by our above referred service provider/ Authorized Officer 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 with in 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 u/s 194-1A of Income tax Act 1961 & 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 favour The Authorised Officer, Allahabad Bank, A/c M/S. JATINDER GAMBHIR HOSPITAL. for the properties mortgaged in the account of M/s. JATINDER GAMBHIR HOSPITAL, The Authorised Officer, Allahabad Bank, A/c M/S. P.J.KRAFTS PVT LTD for the properties mortgaged in the account of M/s. P.J.KRAFTS PVT LTD, The Authorised Officer, Allahabad Bank, A/c M/S. SHREE NARAIN TRADERS. for the properties mortgaged in the account of M/s. SHREE NARAIN TRADERS payable at
LUDHIANA OR to be remitted through RTGS/NEFT (IFSC Code ALLA0211927) for credit of account number 50205404590 of The Authorized Officer, Allahabad Bank, IFB Branch, Ludhiana 16. On receipt of the entire sale consideration, the Authorized Officer shall issue the Sale Certificate as per rules. 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 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 Allahabad Bank, International Finance Branch, B-XXIII-98, 165 Industrial Area-A, Near Cheema Chowk, Ludhiana-141003, Punjab during office hours between 28.05.2014 to 05.07.2014. 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: 28.05.2014 Place: Ludhiana Authorized Officer Allahabad Bank