E-AUCTION / SALE NOTICE CIRCLE OFFICE, Recovery Department PNB House, IInd Floor, Sector 17-B, Chandigarh, Ph.: 0172-2704457, E-mail: [email protected] E-AUCTION SALE NOTICE TO GENERAL PUBLIC RULE 8&9 OF THE SECURITY INTEREST (ENFORCEMENT) RULES 2002 PUBLIC NOTICE FOR E-AUCTION FOR SALE OF IMMOVABLE PROPERTIES DATE AND TIME OF INSPECTION OF PROPERTY: 25.10.2019, 10:00 AM TO 4:00 PM O/S GOVT. DUES IF ANY: NOT KNOWN LAST DATE OF DEPOSIT OF EMD: FOR IP’s FROM SR. NO. 1 TO 4: 04.11.2019 & FOR IP’S FROM SR. NO. 5 TO 26: 19.11.2019 E-Auction Sale Notice for Sale of Immovable Assets under the 'Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 read with proviso to 8(6) of the Security Interest (Enforcement) Rule, 2002. Notice is hereby given to the public in general and in particular to the Borrower(s), Mortgagor(s) and Guarantor(s) that the below described immovable property(ies) mortgaged/charged to the Secured Creditor, the constructive / physical (whichever is applicable) possession of which has been taken by the Authorized Officer of Punjab National Bank, Secured Creditor, will be sold on ”AS IS WHERE IS”, “AS IS WHAT IS” and “WHATEVER THERE IS” on Date and Time given in Table below for recovery of amount, as mentioned below due to the Punjab National Bank secured Creditor from below Named Borrower(s), Mortgagor(s) and Guarantor(s). The Reserve price and the earnest money deposit of all Immovable Assets are mentioned below in the table. A short description of the immovable property with known encumbrances, if any, is mentioned as under. For Detailed terms and conditions of the sale, please refer to link provided in (1) www://pnbindia.in; (2) www://pnbindia.biz; (3) https://eprocure.gov.in/epublish/app. *It is open to the Bank to appoint a representative and to make self-bid and participate in the auction. (Note: This clause is to be incorporated only when auction has failed once and bank is going in for auction second time). SCHEDULE OF SALE OF THE SECURED ASSETS Sr. Name of the Name of Owner(s) Description of Property Demand Notice Nature of Reserve Price Details of account Date and No. Account / Branch Property(ies) Date & Amount Possession EMD in which EMD is to Time of with Contact Outstanding as per Bid Increase be deposited Auction Details Demand Notice Amount through RTGS/ NEFT & IFSC Code 1. Sh. Sanjiv Azad Sh. Sanjeev Azad H. No. 545, Sector 8, Panchkula 18.07.2016 Symbolic Rs. 2,63,50,000/- A/c No 07.11.2019 and Smt. Meenu Azad, B.O.: ARMB measuring 4800 Sq. Ft. owned by Rs. 55.99 Lakh + intt. w.e.f. 01.07.16 Rs. 26,35,000/- 0087002100980720 11:00 AM Sector 17-B, Chandigarh, Contact Sh. Sanjeev Azad. + other costs - Recovery if any Rs. 1,50,000/- IFSC Code to 12:00 PUNB0008700 Noon Person - Sh . Jagdish Lal, M.: 7527842020 2. M / s R a t t a n Sh. Krishan Lal S/o Triple Storey Building Shop No. 118- (i) Rattan Trading Physical Rs. 95,00,000/- A/c No 07.11.2019 Trading Co. and Sh.Rattan Lal A (constructed on 50% share of Plot 03.08.2016; Rs. 19.28 Lakh + Intt. Rs. 9,50,000/- 0087002100980720 11:00 AM M/s Om Trading Co., B.O.: ARMB No.118) situated at Mansa Devi W.e.f. 14.07.2016 + other costs - Rs. 1,00,000/- IFSC Code to 12:00 Sector 17-B, Chandigarh, Contact Road Mani Majra measuring 72.01 Recovery if any (ii) Om Trading PUNB0008700 Noon Person - Sh . Jagdish Lal, M.: sq yards vide title deed dt. 09.04.2017; Rs. 95.00 Lakh + Intt. w.e.f. 01.04.2017 + other costs - Recovery if any. 7527842020 18.07.2011 registered at Sr. No. 2545 dt. 18.07.2011 Book No. 1 Volume No.108 owned by Sh.Krishan Lal S/o Rattan Lal. 3. M/s Allychem Sh. K.P.Singh All part and parcel of the property 05.04.2018 Symbolic Rs. 21,60,000/- A/c No 07.11.2019 Laboratories Pvt. consisting of a plot of two booth sites Rs. 296.08 Lakh + intt. w.e.f. Rs. 2,16,000/- 0087002100980720 11:00 AM Ltd., B.O.: ARMB, Sector 17-B, situated at Wadhawa Nagar, Baltana 01.04.2018 + other costs - Recovery if Rs. 22,000/- IFSC Code to 12:00 Chandigarh, Contact Person - Sh . measuring 60 Sq yds vide sale deed any PUNB0008700 Noon Jagdish Lal, M.: 7527842020 no. 8956 dated 30.12.2014 . 4. M/s Anmol Rattan Sh. Vikas Walia S/o 4 Showroom Sites / Commercial 07.01.2016 Symbolic Rs. 1,12,00,000/- A/c No 07.11.2019 Jewellers, Sh. Ramsharan Walia Plots No. 16, 17, 18 & 19 measuring Rs. 1082.00 Lakh + Intt. w.e.f. 01.01.16 Rs. 11,20,000/- 0087002100980720 11:00 AM B.O.: ARMB, Sector 17-B, Chandigarh, 125 Sq. Yds. each comprised in + other costs - Recovery if any Rs. 1,10,000/- IFSC Code to 12:00 Contact Person - Sh . Jagdish Lal, M.: Khewat / Khata No. 36/105, Khasra PUNB0008700 Noon 7527842020 No. 42//2 94-0), 9(4-0), 12(4-0) kitte 3 total area 12 bigha out of which 50/4800 share at village Ghazipur located at Village Ghazipur, adjoining Aeo Homes, Tehsil Derabassi, Distt. SAS Nagar owned by Sh Vikas Walia S/o Sh. Ramsharan walia 5. M/s ICL Hitech Smt. Suman Lata W/o Duplex House No. 99 measuring 114 15.07.2016 Physical Rs. 41,40,000/- A/c No 22.11.2019 E d u c a t i o n a l Late Sh. Mela Ram Sq. Yds. at Dream Homes, Village Rs. 3333.03 Lakh + intt. w.e.f. Rs. 4,14,000/- 0087002100980720 11:00 AM Society, B.O.: ARMB, Sector 17-B, Kishanpura, Zirakpur, Tehsil 01.03.2016 + other costs - Recovery if Rs. 50,000/- IFSC Code to 12:00 Chandigarh, Contact Person - Sh . Derabassi Distt Mohali in the name any. PUNB0008700 Noon Jagdish Lal, M.: 7527842020 of Smt Suman Lata W/o Late Sh. Mela Ram. 6. Sh. Sanjeev Kumar Parbhakar House No. 473, Sector 16, 01.04.2016 Physical Rs. 2,86,00,000/- A/c No 22.11.2019 Panchkula measuring 300 Sq. Mtrs. Rs. 3333.03 Lakh + intt. w.e.f. Rs. 28,60,000/- 0087002100980720 11:00 AM in the name of Sh. Sanjeev Kumar 01.03.2016 + other costs - Recovery if Rs. 2,00,000/- IFSC Code to 12:00 Parbhakar. any. PUNB0008700 Noon 7. Sh. Devinder Kumar Parbhakar House No. 656, Sector-10 01.04.2016 Physical Rs. 2,03,00,000/- A/c No 22.11.2019 Panchkula measuring 209 Sq Mtrs Rs. 3333.03 Lakh + intt. w.e.f. Rs. 20,03,000/- 0087002100980720 11:00 AM in the name of Sh Devinder Kumar 01.03.2016 + other costs - Recovery if Rs. 1,50,000/- IFSC Code to 12:00 Parbhakar. any. PUNB0008700 Noon 8. Smt. Savita Rani W/o Sh. Sanjeev Kumar Residential Plot in Swaraj Nagar MC 01.04.2016 Symbolic Rs. 39,00,000/- A/c No 22.11.2019 Prabhakar Kharar Tehsil Kharar Distt. SAS Rs. 3333.03 Lakh + intt. w.e.f. Rs. 3,90,000/- 0087002100980720 11:00 AM Nagar measuring 10 Marla in the 01.03.2016 + other costs - Recovery if Rs. 30,000/- IFSC Code to 12:00 name of Smt. Savita Rani W/o Sh. any. PUNB0008700 Noon Sanjeev Kumar Prabhakar. 9. M / s H a r s h Smt. Sunita Rani Residential Flat No. 1704 at Ground 12.09.2018 Physical Rs. 78,00,000/- A/c No 22.11.2019 Enterprises, W/o Sh. Anil Jindal. Floor, Category B, The Nirvana Co- Rs. 59.36 Lakh + intt. w.e.f. Rs. 7,80,000/- 0087002100980720 11:30 AM B.O.: ARMB, Sector 17-B, Chandigarh, operative House Building Society 01.07.2018 + other costs - Recovery if Rs. 70,000/- IFSC Code to 12:30 Contact Person - Sh . Jagdish Lal, M.: Ltd., Sector 49 B, Chandigarh any. PUNB0008700 PM 7527842020 940sqft supper area in the name of Smt.Sunita Rani W/o Sh. Anil Jindal. 10. M/s Allychem M / s A l l y c h e m All part and parcel of Industrial Plot 05.04.2018 Symbolic Rs. 2,84,00,000/- A/c No 22.11.2019 Laboratories Pvt. Laboratories Pvt. Ltd. no. E-68 & E-69 situated at Focal Rs. 296.08 Lakh + intt. w.e.f. Rs. 28,40,000/- 0087002100980720 11:30 AM Ltd., B.O.: ARMB, Sector 17-B, Point Dera Bassi, Distt Mohali along 01.04.2018.+ other costs - Recovery if Rs. 2,00,000/- IFSC Code to 12:30 Chandigarh, Contact Person - Sh . with super structure erected thereon any. PUNB0008700 PM Jagdish Lal, M.: 7527842020 measuring 2500 sq yds vide lease Deed no. 7896 dated 25.11.2005. 11. Sh. A.K. Chaudhary All part and parcel of property consisting of Residential house bearing Flat No. Rs. 60,00,000/- A/c No 22.11.2019 404, Fourth Floor, Block-A, Society No. GH-7-A, Peace Loving Coop. GH Rs. 6,00,000/- 0087002100980720 11:30 AM Society, Sector 20, Panchkula measuring 1150 sq ft. Rs. 60,000/- IFSC Code to 12:30 PUNB0008700 PM 12. M/s Anmol Rattan Sh. Honey Bansal Two Showroom sites situated at 07.01.2016 Symbolic Rs. 1,40,00,000/- A/c No 22.11.2019 Jewellers Zirakpur Patiala Highway NH 64, Rs. 1082.00 Lakh + intt. w.e.f. Rs. 14,00,000/- 0087002100980720 11:30 AM B.O.: ARMB, Sector 17-B, Chandigarh, Village Lohgarh MC, Zirakpur, Tehsil 01.01.2016 + other costs - Recovery if Rs. 1,40,000/- IFSC Code to 12:30 Contact Person - Sh . Jagdish Lal, M.: Dera Bassi, Land comprising of any. PUNB0008700 PM 7527842020 khewat Khatauni No. 336/ 356, 410/ 549, Khasra 10//21(7-19), 13/ 4 (7-16) Kitte 2, measuring 4 marla 3 sarsahi each (131.41 sq yds each) owned by Sh. Honey Bansal 13. Sh. Vikas Walia and Sh. R.S. Walia. House No. 31/1, Sunny Enclave, Kharar, District Mohali, Physical Rs. 1,40,00,000/- A/c No 22.11.2019 measuring 284 sq yards owned by Sh.Vikas Walia and Rs. 14,00,000/- 0087002100980720 11:30 AM Sh.R.S. Walia. Rs. 1,20,000/- IFSC Code to 12:30 PUNB0008700 PM 14. Sh Vikas Walia 2 Plots measuring 01 Bigha 17 Biswa 10 Biswai each Symbolic Rs. 1,75,00,000/- A/c No 22.11.2019 bearing khewat No 38/64,66 Khasra No 276(0-2), 277(0-2), 355(0-9) , 590(5-10), 591(4-0), 592(4-0), 593(4-0),594(4-0), Rs. 17,50,000/- 0087002100980720 11:30 AM 595(4-0), 596(4-0)594(4-0) 598(4-0) 637(3-8), 638(3-14), 644(3-14) 649(3-14), 650(3-14) 635(3-14) 640(4-0) 641(4-0) Rs. 1,60,000/- IFSC Code to 12:30 646(4-0) 647(4-0) 636(3-14), 639(4-0) 642(4-0) 643(3-14) 645(4-0) 648(4-0) 651(4-0) Kitte -32 652(4-0) rakba 108 bighe PUNB0008700 PM biswe ka 750/43200 share owned by Sh Vikas Walia situated at Village Haripur Hinduan, Tehsil Derabassi, Distt. Mohali. 15. M/s Godwin Agro M/s Godwin Agro Lot-I: Land & Building constructed 22.06.2017 Symbolic Lot-I: A/c No 22.11.2019 Products Ltd. Products Ltd on plot measuring 20 Bigha Rs. 1808.80 Lakhs + intt. w.e.f. 31.03.17 Rs. 3,30,00,000/- 0087002100980720 12:00 BO: ARMB Sector 17-B Chandigarh, comprised in Khewat no.24, Khatoni + other costs - Recovery if any. Rs. 33,00,000/- IFSC code: Noon to PUNB0008700 01:00 PM Contact Person: Sh. Jagdish Lal, Mob no.28, Khasara no. 927(4-0), 929(4-0), 930(4-0), 933(4-0) & 936(4-0) 5 kitas Rs. 2,00,000/- No. 7527842020 situated at Village Jaula Khurd Derabassi Distt SAS Nagar (Mohali) Punjab. 16. LOT II: Plant & Machines of controlled atmosphere cold storage, vehicle and other fixed assets M/s Symbolic Lot-II: A/c No 22.11.2019 Godwin Agro Products Ltd lying at the above premises. Rs. 4,00,00,000/- 0087002100980720 12:00 *Note: LOT II will be sold first, if no bid received for Lot II, Auction will be stands cancelled for LOT I. Rs. 44,00,000/- IFSC code: Noon to Rs. 2,00,000/- PUNB0008700 01:00 PM 17. M/S G N PET BO: M/S G N PET Lot I - Plant and machinery of pet 18.10.2017 Physical Lot-I: A/c No 22.11.2019 ARMB, Sector 17-B, Chandigarh, bottle manufacturing unit located at Rs. 9,20,48,319.03 + intt. w.e.f Rs. 4,20,00,000/- 0087002100980720 12:00 Contact Person: Sh. Jagdish Lal Mob unit of G N Pet at khewat / khatauni 30.09.2017+ other costs - Recovery if any. Rs. 42,00,000/- IFSC code: Noon to PUNB0008700 01:00 PM No. 7527842020 No. 189/227, Khasra No. 1709/2/00-08, 1710/2/00-17 Hadbast No. 192, Rs. 2,00,000/- Mauja Thane Bhud, Pargana Dharampur, Tehsil Nalagarh, Distt. Solan HP. 18. Sh.Harish Aggarwal Lot-II Factory Land & Building located at Khewat/Khatauni Physical Lot-II: A/c No 22.11.2019 No 189/227, Khasra No 1709/2/00-08, 1710/2/00-17 Hadbast no 192, Mauja Thane Bhud, Pargana Dharampur, Tehsil- Rs. 60,00,000/- 0087002100980720 12:00 Nalagarh, Dist-Solan (HP) Plot area measuring 1 bigha 5 biswa owned by harish Aggarwal (Guarantor). Rs. 6,00,000/- IFSC code: Noon to PUNB0008700 01:00 PM *Lot-I will be sold first OR Lot-I & Lot-II will be sold jointly. If no bid will be received for Lot-I, Auction will be cancelled. Rs. 60,000/- 19. M/s GCL Traders M / s H i T e c h All Part & Parcel of Factory Land and 09.04.2015 Physical Rs. 35,35,000/- A/c No 22.11.2019 B O : A R M B Sanitations through Building constructed there on Rs. 74.77 Lakh + intt. w.e.f. 31.03.2015 + Rs. 3,53,000/- 0087002100980720 12:00 S e c t o r 1 7 - B Pardeep Kumar and measuring 910.15 sq yards bearing other costs - Recovery if any. Rs. 35,000/- IFSC code: Noon to Mohit. PUNB0008700 01:00 PM C h a n d i g a r h , sale deed No 325 dated 19.05.2005 in the name of M/s Hi Tech Sanitations through Pardeep Contact Person: Sh. Jagdish Lal, Mob Kumar and Mohit. Land situated at Village Taksal UP Mohal Nariyal Near Sector 4, Parwanoo No. 7527842020 Tehsil Kasauli Distt Solan (HP) Near Shiv Loti Mandir. 20. M / s S V M Smt. Asha Goel and Shop in Mauja Upmahal, Sector-1, 20.05.2019 Symbolic Rs. 63,54,000/- A/c No 22.11.2019 Marketing, B.O.: Sh. Money Goel Parwanoo, Tehsil Kasauli, District Rs. 82.42 Lakh + intt. w.e.f. 01.05.2019 + Rs. 6,35,400/- 0249003171104 12:30 PM Kalka Panchkula, Solan, H.P., Khata/Khatauni No. other costs - Recovery if any. Rs. 60,000/- IFSC code: to PUNB0024900 01:30 PM Contact Person 55/61 min Khasra no. 434/18 measuring 144-90 square meters to the extant ½ share i.e. 72.45 sq Smt. Jyoti Sharma, M.: 9053045230 mt. along with construction thereon in the name of Smt. Asha Goel and Sh..Money Goel 21. S m t . R a k s h a Smt. Raksha Devi 2 Built up Shops No. 42-43, three 03.05.2018 Symbolic Rs. 41,00,000/- A/c No 22.11.2019 Devi, BO: Sector 10, Panhkula, storied on with total covered area Rs. 18,58,924/- + intt. w.e.f. 01.04.2018 Rs. 4,10,000/- 6663003171104 12:30 PM IFSC code: to Contact Person Smt. Sunaina Rajput, 1800 sq ft, Shalimar Enclave, + other costs - Recovery if any. Rs. 40,000/- PUNB0666300 01:30 PM M.: 8288013966, 9876095299 Himmatgarh, Zirakpur, Distt. SAS Nagar owned by Smt. Raksha Devi. 22. S h . B h a s k a r Sh. Bhaskar Mishra All Part and Parcel of Land & 03.05.2018 Physical Rs. 25,00,000/- A/c No 22.11.2019 M i s h r a , B O : S/o Sh. Prabhakar Building measuring 51.65 sq yds Rs. 16.14 Lakh + Intt. w.e.f. 01.01.2018 + Rs. 2,50,000/- 6663003171104 12:30 PM S e c t o r 1 0 , Mishra being House no. B-24/00695 other costs - Recovery if any. Rs. 20,000/- IFSC code: to PUNB0666300 01:30 PM Panhkula, Contact Person Smt. situated at near Sai departmental store, Sharma Estate, Lohgarh, Zirakpur Tehsil Derabassi, Sunaina Rajput, M.: 8288013966, Distt.Mohali owned by Sh.Bhaskar Mishra. 9876095299 23. Sh. Atul Sharma Sh. Atul Sharma and Flat No. 702, Block A, 7th Floor, 24.07.2017 Physical Rs. 42,69,000/- A/c No 22.11.2019 and Smt.Bharti S m t . B h a r t i Golden Sand Apartments, Gazi Pur, Rs. 53.31 lakh + Intt. w.e.f Rs. 4,30,000/- 6663003171104 12:30 PM Upadhyay, BO: Upadhyay Zirakpur (PB) measuring 2050 sq. ft. 01.07.2017 + other costs - Recovery if any Rs. 40,000/- IFSC code: to PUNB0666300 01:30 PM Sector 10, Panhkula, Contact Person Smt. Sunaina Rajput, M.: 8288013966, 9876095299 24. M/s Gilvert Ispat, M/s Gilvert Ispat Factory Land and Building Oppt. ATC 13.11.2013 Physical Rs. 7,39,00,000/- A/c No 22.11.2019 BO: ARMB, Sector 17-B Chandigarh, Cables/adjacent to Stovekraft Pvt. Rs. 19202.70 Lacs for all banks Rs. 74,00,000/- 0087002100980720 01:00 PM Contact Person: Sh. Jagdish Lal, Mob Ltd. at Village Burranwala, Baddi, inclusive of PNB, IDBI Bank, ARCIL Rs. 5,00,000/- IFSC code: to H.P. owned by Gilvert Ispat PUNB0008700 02:00 PM No. 7527842020 Corporation Bank & Central Bank of India + intt. w.e.f. measuring 36 Bigha-8 Biswa = 36.4 01.12.12 + other costs - Recovery if any Bigha 25. Sh. Umesh Moudgil Industrial Property at Plot No. 149, Industrial Area, Phase-II, Chandigarh Rs. 6,00,00,000/- A/c No 22.11.2019 measuring 1067.02 Sq Yds. owned by Umesh Moudgil. Rs. 60,00,000/- 0087002100980720 01:00 PM Rs. 5,00,000/- IFSC code: to PUNB0008700 02:00 PM 26. Smt. Alpana Bhardwaj Residential Flat No. 203, 2nd Floor, Block 07, Phase-III, Amravati Rs. 11,50,000/- A/c No 22.11.2019 Apartments, Baddi, Distt. Solan, H.P. measuring 865 sq. ft. owned by Mrs. Rs. 1,15,000/- 0087002100980720 01:00 PM Alpana Bhardwaj. Rs. 10,000/- IFSC code: to PUNB0008700 02:00 PM TERMS AND CONDITIONS OF E-AUCTION SALE: The sale shall be subject to the Terms & Conditions prescribed in the Security Interest (Enforcement) Rules 2002 and to the following further conditions: i. The properties are being sold on 'AS IS WHERE IS BASIS'. ii. The particulars of Secured Assets specified in the Schedule herein above have been stated to the best of the information of the Authorised Officer, but the Authorised Officer shall not be answerable for any error, misstatement or omission in this proclamation. iii. The secured asset will not be sold below the reserve price. iv. The auction sale will be “online through e-auction” portal http://pnbindia.biz v. The bidders are also advised to go through the portal 1) www://pnbindia.in; 2) www://pnbindia.biz; 3) https://eprocure.gov.in/epublish/app. for detailed terms and conditions for e-auction sale before submitting their bids and taking part in the e-auction sale proceedings and or contact Dr. Sashi Kumar, Chief Manager, the Authorised Officer (Mobile No. 7715835000). vi. The interested bidders shall deposit the EMD by way of Demand Draft favouring “The Authorised Officer, Punjab National Bank” or through NEFT/RTGS by LAST DATE OF EMD mentioned against each account to the above mentioned” The draft should not be of a Cooperative-Bank. vii. Thereafter, on deposit of EMD, the bidders shall submit- 1.Proof of deposit of EMD (When remitted through NEFT/RTGS) or Demand Draft in original (* Where payment by way of draft is stipulated for) 2. ID Proof, that is- Scanned copies of PAN card etc. 3. Proof of residential address 4. (a)Bidder's Name (b) Mobile No./Contact No.(c) Address (d) E-Mail Address(5)Bidder's A/C details for on line refund of EMD, if any. 5. The bidders other than individuals shall also submit proper mandate for e-bidding. Bidder is to submit these documents through e-mail to the Authorised Officer / Nodal Officer and also to submit self attested hard copies of these documents (Demand Draft in original)to the Authorised Officer, at the Branch address mentioned herein above in the envelope super scribing as 'Bid in the A/C ______( OUT OF THE ABOVE MENTIONED ACCOUNTS/properties)' viii. The interested bidders are required to obtain login ID and Password well in advance, which is mandatory for e-bidding, from Dr. Sashi Kumar, Chief Manager, the Authorised Officer (Mobile No. 7715835000), The login ID and Password would be sent through e-mail address as provided by the Bidder. In case bidder has not received the same, he should contact the aforesaid official. ix. Only those bidders holding valid user ID & Password and confirmed payment of EMD through NEFT/RTGS/*Demand Draft (*Where payment by way of draft is stipulated for) shall be eligible to participate in the on line e-auction. x. The Authorised Officer reserves the right to accept any or reject all bids, if not found acceptable or to postpone/cancel /adjourn/discontinue or vary the terms of the auction at any time without assigning any reason whatsoever and his decision in this regard shall be final. xi. In case bid is placed in the last 5 minutes of the closing time of the auction, the closing time will automatically get extended for 5 minutes. OR (Please mention only whichever is applicable). xii. Auction would commence at the reserve price and bidders shall improve their offer as stated herein above. On closure of 'on line auction', the highest bidder shall be declared as successful bidder and such sale shall be subject to confirmation by the Secured Creditor. xiii. The successful bidder shall have to deposit 25% of the bid/sale amount immediately to the account mentioned at Sl. No. vi above or by Demand Draft and the earnest money shall be adjusted towards 25% of the bid/sale amount. In case of default in payment of the remaining 25% of the bid amount within the prescribed period, the amount deposited will be forfeited and the secured asset will be resold. xiv. The successful bidder shall be required to deposit the balance 75% of the bid amount within 15 days from the date of confirmation of sale. In case of default in payment of the remaining 75% of the bid amount within the prescribed period, the amount deposited will be forfeited and the defaulting purchaser shall forfeit all claims to the property or to any part of the sum for which it may be subsequently sold. xv. If the dues of the bank together with all costs, charges and expenses incurred by them or part thereof as may be acceptable to the bank are tendered by/on behalf of the borrowers or guarantor/s, at any time on or before the date fixed for sale, the sale of asset may be cancelled. xvi. All statutory dues/attendant charges/other dues including registration charges, stamp duty, taxes etc. shall have to be borne by the purchaser. xvii. The sale certificate shall be issued in the same name in which the Bid is submitted. xviii. The bidders who do not have access to the internet but interested in participating in the e-auction, they can contact the Dr. Sashi Kumar, Chief Manager, the Authorised Officer (Mobile No. 7715835000). xix. Any other encumbrances known to the Bank –is not known. The Authorized Officer or the Bank shall not be responsible for any charge, lien, encumbrances, or any other dues to the Government or anyone else in respect of properties E-Auctioned)The Intending Bidder is advised to make their own independent inquiries regarding the encumbrances on the property including statutory liabilities, arrears of property tax, electricity dues etc. xx. The bidder should ensure proper internet connectivity, power back-up etc. The Bank shall not be liable for any disruption due to internet failure, power failure or technical reasons or reasons/contingencies affecting the e-auctions. xxi. Bank will be free to bid for eligible cases. STATUTORY 15 DAYS NOTICE UNDER THE SARFAESI ACT, 2002 (For IPs From Sr. No. 1 to Sr. No. 4) & STATUTORY 30 DAYS NOTICE UNDER THE SARFAESI ACT, 2002 (For IPs From Sr. No. 5 to Sr. No. 26) The borrower/guarantors are hereby notified to pay the sum as mentioned above along with up to date interest and ancillary expenses before the date of e-auction, failing which the property will be auctioned/sold and balance dues, if any, will be recovered with interest and cost. *NOTE: IPs can be inspected on date 25.10.2019 from 10:00 A.M. to 4:00 P.M. Date: 18.10.2019 Place : Chandigarh AUTHORIZED OFFICER, Punjab National Bank, Circle Office, Chandigarh