E-Auction No. ZOB/LEGAL/SAR/B-354/ / 195 Dated:
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- Henry McDowell
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1 ALLAHABAD BANK (A Govt. of India Undertaking) HEAD OFFICE : No. 2, Netaji Subhash Road, Kolkata Zonal Office : N-603, 6th Floor, North Block, Front wing, Manipal Centre,47-Dickenson Road, Bangalore Phone / , Fax Branch : Rajajinagar 136, Dr. Raj Kumar Road, 1 st Block, Rajaji nagar, Bangalore Ph: br.rajajinagar@allahabadbank.in 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) E-Auction No. ZOB/LEGAL/SAR/B-354/ / 195 Dated: Whereas, the Authorized Officer of Allahabad Bank 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. a)name & Address of the Borrower / Guarantor(s)/ Mortgagor(s) : a) Date of Demand Notice b)date of Possession c)claim Amount as per Demand Notice Description of property a)reserve Price b)earnest Money c)bid Increase Amount Venkatsubramanian Thyagarajan & Arathi Venkatsubramanian # 705, 1 st Floor, 19 th Main Road, BSK,2 nd Stage, Bangalore a) b) Symbolic Posession c) Rs.66,65, (Rupees Sixty Six Lakhs Sixty Five Thousand Eight Hundred and Thirty One Only) as on with further interest, All that piece and parcel of the property bearing Southern Portion of Site No. 22, CMC Katha No. 12/4, New BBMP Katha No. 684/388/12/4/22 in Ward No. 08 PID No. 008-W0306-2, situated at Kodigehalli Village, Yelahanka Hobli, Bangalore North Taluk, Now within the limits of Bruhat Bangalore Mahanagara Palike, Bangalore measuring East to West : 35-0 Feet, North to South : 28-0, in all measuring : 980 Square Feet and all appurtenances thereto and bounded a) Rs. 66,50,000/- (Rupees Sixty Six Lakhs Fifty Thousand Only) Rs.6,65,000/- (Rupees Six Lakhs Sixty Five Thousand Only) Rs /- (Rupees Twenty Five Thousand 1
2 costs, charges and expenses thereto till realization. as under: East by Site No. 23 West by 2nd Main Road South by 1st Main Road, 2nd Cross North by Remaining Portion of same Property only) Date & time of submission of Process Compliance form & EMD : Upto 4 P M at Allahabad Bank, Rajaji Nagar branch Address :- 136, Dr. Raj Kumar Road, 1 st Block, Rajaji nagar, Bangalore Ph: br.rajajinagar@allahabadbank.in Date & time of E-Auction : , from PM to 3.00PM. PM at the platform of ( With unlimited extension till sale conclude) For further details and Terms and Conditions, please contact 1. Smt. Mousumy Madhusmita Pradhan, Rajajinagar Branch, Ph: , Mobile No br.rajajinagar@allahabadbank.in 2. Shri. S N D Malleswara Rao, Chief Manager, Zonal Office, Bangalore, Ph : , , zo.bangalore@allahabadbank.in For downloading further details and Terms and Conditions, please visit (i) (ii) Website address of our E-Auction Service Provider: TERMS & CONDITIONS 1. Platform ( (Property Also Available On Auction Tiger Mobile App) for e-auction will be provided by our e Auction service provider M/s. e-procurement Technologies Ltd. (Auction Tiger), Ahemadabad (Contact No. : to 844 : Contact Persons: Mr. Jinesh Jariwala; & Mr. Madhusudan Nair ( Bengaluru) / OR Auctiontiger Toll Free No , ID:- Karnataka@auctiontiger.net & support@auctiontiger.net. This Service Provider will also provide demonstration/ training on e-auction, if required, to the bidders who have deposited EMD, with the Authorised 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 (upto 4.00 pm.) along with Demand Draft / Banker s Cheque pertaining to above referred EMD. The envelope should be super scribed EMD for e-auction A/ Venkatsubramanian. 3. 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 Venkatsubramanian payable at Rajaji Nagar. 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. 2
3 4.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 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 Indian I.T. Act 2000 (CA). For further clarification, please contact e-auction service provider as referred above. 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 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. 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. 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 Authorised 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 Authorised 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 M/s.e-Procurement Technologies Ltd. (Auction Tiger), Ahmadabad (Contact No. : to 844 : Contact Persons: Mr. Jinesh Jariwala; & Mr.Madhusudan Nair ( Bengaluru) / OR Auctiontiger Toll Free No , ID:- Karnataka@auctiontiger.net & support@auctiontiger.net 12. After finalization of e Auction by the Authorized Officer, only successful bidder will be informed either by e mail or by SMS on their registered mobile or through registered Post/ id. 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 3
4 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 favour of The Authorized Officer, Allahabad Bank, A/c The Authorised Officer, Allahabad Bank A/c Venkatsubramanian Payable at Rajaji Nagar OR to be remitted through RTGS/NEFT (IFSC Code : ALLA ) for credit of account number of The Authorized Officer, Allahabad Bank, A/c Venkatsubramanian. 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, 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, the intending bidders may contact Allahabad Bank, Rajaji Nagar Branch during office hours between 06/09/2016 to 17/10/2016. 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: Place : Bangalore Authorised Officer Allahabad Bank 4
5 PROCESS COMPLIANCE FORM (The bidders are required to print this & sign. In case of Company/ Firm it has to be printed on their Letter head with required stamp) To, The Authorized Officer, Allahabad Bank Sub: Agreement to the Process related Terms and Conditions for the eauction Dear Sir, This has reference to the Terms & Conditions for the eauction mentioned in the Sale Notice for Online eauction of Debts Recovery Tribunal/ Allahabad Bank - for Sale of Charged assets: This letter is to confirm that: 1) The undersigned is authorized to sign this Process Compliance Form and authorised to bid on behalf of the Company.. 2) I/We have downloaded copies of the Sale Notice, Terms & conditions of eauction, Help Manual on operational part of eauction related to this e-auction from web site(..) of your service provider. I /We studied and understood them and confirm my/our agreement to them. 3) I/We have properly online registered at above website to take part in above referred eauction. 4) I/We confirm that we have changed the password on the auction website and checked / edited our company details after first log in. 5) I/We confirm that we have valid digital certificate to participate in to online auction. 6) I/We confirm that Authorized Officers of Allahabad Bank, and Service Provider shall not be liable & responsible in any manner whatsoever for my/our failure to access & bid on the eauction platform due to loss of internet connectivity, electricity failure, virus attack, problems with the PC, any other unforeseen circumstances etc. before or during the auction event. 7) I/We, hereby confirm that I/we will honour the Bids placed by us during the eauction process. 8) Details of my/our address, , contact no., are as under. Name Company / Organization Designation within Company / Organization Address of Company / Organization Id Phone No. Mobile No. 9. Details of DD/ BC towards payment of EMD enclosed with this Process Compliance Form are as under Name of issuing Bank & Branch DD/ BC No. Date of DD/BC Amount Payable at In favour of With regards Yours Faithfully Signature. Name.. Place.. Date In case of company please enclose copy of Resolution and also put the seal of the Company 5
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