AUCTION NOTICE FOR HYPOTHECATED VEHICLE.
In view of the default committed by the Borrower mentioned below, Bank has seized the Hypothecated Vehicle mentioned below in exercise of the powers conferred under Hypothecation Agreement executed by the parties and same is being auctioned on “AS IS WHERE IS & AS IS WHAT IS BASIS” and subject to the terms & conditions mentioned in detailed Auction Notice.
Sr Name & address of Amount due. Description of Reserve Price EMD Borrower & Hypothecated Guarantor Vehicle - Make & Model etc. Description of Goods 1. Borrower Rs.16,50,000/- Vehicle No: Rs.12,00,000/- 1,20,000/- Mr.Kolli Veera Venkata (Rupees Sixteen AP39L5643 Satya Vara Prasad, Lakhs Fifty TATA SAFARI S/o Rambabu, Thousand only) STORME VX,4X2 H.No:4-26,Near + unapplied Chassis PeddintlammaGudi,Koll interest + other No:MAT617008K etikota, miscellaneous 9A00849 Pandiripalligudem, charges Engine Kaikaluru,Krishna No:VARICOR07AP District-521340 Y01210 2. Guarantor Mr.JanapalaPavan Kumar S/o Bhaskararao H.No:2- 120A,Government Hospital Back,Kaikaluru Krishna District-521340
Place of Auction: Eluru Road Branch, Vijayawada; Date of Auction: 24.03.2020; Time 3.00 PM; The intending purchasers/bidders may inspect the Hypothecated Vehicle on 21.03.2020 during the time 10.00 A.M. to 4.00 P.M. at Venkat Stock Yard, Beside Bharath Gas, J.R.D. TATA Industrial Estate, Kanuru, Vijayawada. Last date of submission of Bid in prescribed Tender Form is 23.03.2020. DETAILED AUCTION NOTICE & TENDER FORM is uploaded in Bank’s website www.bankofbaroda.comand also available in Branch, please refer the same. For more details please contact the Branch on Tel 0866-2439388.
1. Place of Auction:Eluru Road Branch,Vijayawada; Date of Auction:24.03.2020;Time 3.00 PM. The intending purchasers/bidders may inspect the Hypothecated Vehicleon 21.03.2020 during the time 10.00 a.m. to 4.00 p.m. atVenkat Stock Yard,Beside Bharath Gas,J.R.D. TATA Industrial Estate,Kanuru,Vijayawada. 2. The intending purchasers may submit their offers in prescribed Tender Form along with the Earnest Money Deposit [EMD] by Demand Draft in favour of Bank of Baroda, Eluru Road Branch, Payable at Vijayawada duly filled Tender Form along with EMD & other documents
ELURU ROAD BRANCH, #29-5-21, Cherukupallivari street,Governorper, VIJAYAWADA-520002, Krishna Dist., A.P India Phone:0866-2439388 E-Mail:[email protected], Website:www.bankofbaroda.com
as mentioned in Tender Form, should be submitted in sealed cover super scribed as “Tenders for the purchase of Hypothecated Vehicle” on or before by 3.00 P.M. on 23.03.2020. 3. Separate Tender Form with EMD has to be submitted for each lot of Hypothecated Vehicle by mentioning the details. 4. The Hypothecated Vehicleshall not be sold below the Reserve Price. 5. Sealed Tender will be opened on date of Auction. 6. Inter-se bidding will be conducted among the bidders. 7. Highest Bidder has to pay remaining amount within Seven days of Auction, otherwise the sale will be cancelled and the amount already paid will be forfeited and the Hypothecated Vehicle will be sold again. 8. The successful bidder will be issued a certificate of sale in the prescribed form and the successful bidder should bear statutory dues / taxes / charges / fees /Insurance payable etc., as applicable as per applicable Laws. 9. Intending Bidder may collect the blank Tender Form from Branch or may download Tender Form from Bank’s website www.bankofbaroda.com. 10. Bank reserves its rights to accept or reject the offer or to change the terms and conditions or to postpone or cancel the sale without assigning any reasons whatsoever. For more details you may contact the Branch Manager Mr.Koru Sunil on Tel No. 0866-2439388
Date: Vijayawada Place: 17.03.2020 BRANCH MANAGER
ELURU ROAD BRANCH, #29-5-21, Cherukupallivari street,Governorper, VIJAYAWADA-520002, Krishna Dist., A.P India Phone:0866-2439388 E-Mail:[email protected], Website:www.bankofbaroda.com