Bank Ltd. Your Family Bank. Across . ARMB: Hubballi Phone : 0836-2356794 M:99803 83366 CTS 122/108 P.B. No.499 Karnataka Bank E-Mail : [email protected] Building, 3nd floor, New Cotton Market Hubli-580029 Website : www.karnatakabank.com CIN : L85110KA1924PLC001128

PUBLIC NOTICE OF SALE

Notice to the public is hereby given to the effect that the immovable property described herein which have been taken Symbolic possession thereof by the Authoried Officer on 10.08.2017 in pursuance of Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 will be sold by inviting offers from the public on the date place and time mentioned in this notice “as is where is condition” the terms and conditions mentioned below. Offers in sealed covers are invited from the public for the purchase of the property more fully described below:- (A)Name & Address of the Borrower/Co-obligants /Guarantors 1. Mr. THIRTHAPPA.S.L. S/o Laxmanppa Bhovi, Bovi Colony Sura honne Village, Nyamathi Post Taluk - 577 223.

(B) Description of immovable Secured Assets: All that part and parcel of site bearing Janjara No. 540, property No. 445/522, site measuring 1352 sq.ft. with flour Mill constructed thereon, situated at Village, Nyamathi post Honnali Taluk belonging to Mr. Thirthappa S L and bounded on : EAST by : Property of Thirthappa; WEST by : Pachayath property; NORTH by : Canal & Conservancy Road; SOUTH by V P Road.

(C) The secured debt for Recovery of which the property is to be sold Rs.3,84,142.00 (Rupees Three Lakhs Eighty Four Thousand One Hundred and Forty Two Only) as per the balance outstanding in the system as on the date of this notice and future interest from 30-12-2017 and other charges. (D) Reserve price/upset price below which the property may not be sold for Rs.4,00,000.00 (Rupees Four Lakhs Only) (E) Earnest money to be Deposited (EMD) Rs. 40,000.00 (Rupees Fourty Thousand only) (F) Address of the Secured Creditor Karnatka Bank Limited Nyamathi Branch, 1st floor, Lingeshwara Complex Mahanateshwara Road, Nyamathi-577223, District.

(G) Date, time and place of opening of offers received from public 09.03.2018 at 11:00 AM at Karnataka Bank Ltd, 1st floor, Lingeshwara complex, Mahanteshwara Raod, Nyamathi-577 223, . Terms & Conditions of Sales 1. Tenders/Offers in Sealed covers addressed to the Authorised officers should be a accompanied with Earnest Money Deposit (EMD) Rs.40,000.00 (Rupees Forty Thousand Only) for Sheet Roofed house /Floor Mill bearing Janjara No. 540, property No.445/522 and by way of Demand Draft/ Pay Order favouring Karnataka Bank Limited A/c Mr. Thirthappa. S. L. and the same may be submitted to the authorised officer, Karnataka Bank Limited Nyamathi Branch, 1st floor, Ligeshwar Complex, Mahanteshwara Road, Nyamathi-577223, Davanagere District by 05.03.2018 before 5:00 PM.

2. The tenders should also be accompanied with the self attested or countersigned copy of photo identity proof such as Passport, Election Commission Card, Driving License, PAN card issued by Income Tax Department, or such other valid photo identity proof as may be acceptable to the Bank.

3. The Sealed covers containing the offer should be superscribed as “ TENDER FOR PURCHASE OF SHEET ROOFED HOUSE/FLOUR MILL” bearing JANJARA No. 540, property No.445/522 a/c Mr. THIRTHAPPA S L

4. The tenders received without EMD will be summarily rejected.

5. The DD/PO for EMD will not be en-cashed/ realised till the date of auction and returned to unsuccessful offerers. The EMD amount will not carry any interest

6. The Sealed tenders for sale will be opened by the Authorised officer of the Bank in the presence of the offerer(s) who may likely to be present on 09.03.2018 at 11:00 AM. The Authorised Officer at his discretion may allow the offerer(s) to bid inter-se and or/to enhance the bid amount in multiples of his choice once the bids are opened.

7. Successful tenderer/bidders should deposit 25% of the bid amount (including the (EMD) immediately on the sale being knocked down in his/her favour by way of DD failing which the EMD amount will be forfeited. The balance bid amount (sale price) to be remitted through DD/Electronic mode with in 15 days from the date of confirmation of the sale or any other date specified by the Authorised Officer.

8. If the successful tenderer/bidder fails to remit the balance 75% of the bid amount within 15 days from the date of confirmation of sale or any other date specified by the Authorised Officer, the amount deposited by him/her shall be forfeited and the Bank will be at liberty to sell the property once again. The defaulting tenderer/bidder shall have no claim on the amount deposited by him and on the property auctioned.

9. The Successful tenderer/bidder shall bear all the legal/ incidental expenses like stamp duty, registration fees, local taxes, Co-Op Society’s dues, electricity dues, statutory dues and/ or other dues attached to the property auctioned.

10. In addition to the sale consideration, it shall be the responsibility of highest bidder to pay 1% (one per cent) of sale consideration towards Income Tax and the Bank shall not take responsibility for the same.

11. The sale is subject to the confirmation by the secured creditor/Bank.

12. The Authorised Officer reserves the right to reject all or any of the offers/bids without assigning any reason and/or shall have the right to postpone or cancel the opening the of the Sealed offers.

13. The Authorised Officer reserves his right to vary any of the terms and conditions of this Notice of sale without prior notice at his discretion.

14. The interested parties may take inspection of the property on 01.03.2018 between 11:00AM to 4:00 PM including verification of the copies of the documents/title deeds available with the Secured Creditor or any further details, the intending bidders/tenderer can contact at Karnatka Bank Limited Nyamathi Branch, 1st floor, Lingeshwara Complex Mahanateshwara Road, Nyamathi-577223, Davanagere District. (Telephone No.0188-265326 - Mob.No.9449595519).

[This notice shall also be considered as notice to the borrowers/ guarantors under sub - rule (6) of the Rule (8) of the Security Interest (Enforcement) Rules]

Place: Hubballi Authorised Officer Date: 20-01-2018 Karnataka Bank Limited