Branch Office: Abu Road, Distt. . (Raj.) Phone No : 0974-222119 E Mail : [email protected]

E-AUCTION SALE NOTICE TO GENERAL PUBLIC

Whereas under section 13(2) of the ‘Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the Authorized Officer has issued demand notice dated 19/05/2016 for the recovery of sum of Rs. 4,29,93,785.88 as on 18/05/2016 with further interest, cost and expenses w.e.f 01/03/2016 from the borrowers/ guarantors/ mortgagors (herein referred to as borrowers). Further, in exercise of powers contained in the ‘Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the Authorized Officer has taken the possession of the under mentioned secured assets which are held as securities in respect of Loan/credit facilities granted to M/s Nitcherry Industries Through its Proprietor Sh. Nitin Gupta S/o Sh. Ram Niwas Gupta.

Whereas sale of the secured asset/s is to be made through Public E-auction for recovery of the secured debt due to Punjab National Bank amounting to Rs. 5,56,14,695.88 (in words Rupees Five crore fifty six lakh fourteen thousand six hundred ninety five and paisa eighty eight only) as on 30/06/2018 plus further interest, costs & charges w.e.f. 01/07/2018 incurred by the bank thereon.

The General Public is invited to bid either personally or by duly authorised agent.

*Bank may also go for self-bidding in the eligible cases.

SCHEDULE OF THE SECURED ASSETS Name of Borrower / Description of Reserve Earnest Money Date and Date and Time of Guarantor properties along with Price Deposit (EMD) Time of Auction name of mortgagors Amount and Inspection Name of the Branch: (Owner of the Last date of Abu Road, Distt. – property) deposit of EMD Sirohi M/s Nitcherry Lot No. 1 Industries Through Land & building with its Proprietor Sh. Steel Structure & Shed

Nitin Gupta S/o Sh. situated at Plot No. A- 149 (B), RIICO, Ram Niwas Gupta Industrial Area, Abu

(Borrower) & Sh. Road , District-Sirohi, Ram Niwas Gupta in the name S/o Sh. Radhey Lal of M/s Nitcherry Rs. Rs Gupta (Guarantor) Industries through its 2,25,00,000 /- 22,50,000/- 27/12/2019 31/12/2019 Proprietor Sh. Nitin 12.00 Noon to 1.00 Gupta S/o Sh. Ram 30/12/2019 by 11.00 AM to PM Niwas Gupta. 4.00 PM 2.00 PM. Admeasuring about

5273 Sq Meters. M/s Nitcherry Lot No. 2 Rs. Rs. 4,00,000/- 27/12/2019 31/12/2019 Industries Through Hypothecated Plant & 40,00,000/- 30/12/2019 11.00 AM to 1.00 PM to 2.00 its Proprietor Sh. Machinery with teen by 4.00 PM 2.00 PM PM Nitin Gupta S/o Sh. dhed of M/s Nitcherry Industries situated at Ram Niwas Gupta Plot No. A-149 (B), (Borrower) & Sh. RIICO, Ambaji Ram Niwas Gupta Industrial Area, Abu S/o Sh. Radhey Lal Road , District-Sirohi, Gupta (Guarantor) Rajasthan

Terms & 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 and AS IS WHAT IS BASIS”. ii. The particulars of Secured Assets specified in the Schedule hereinabove 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 http://pnbindia.biz 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 Sh. Vijay kuimar Kaler Authorised Officer ( Mob No. 7973106972) vi. The interested bidders shall deposit the EMD by way of Demand Draft favouring “The Authorised Officer, Punjab National Bank” payable at Abu Road, Distt. Sirohi or through NEFT/RTGS by 30/12/2019 by 4.00 PM to the following Account – Authorised Officer PUNJAB NATIONAL BANK, Account No. 0002002100056772 (IFSC Code PUNBO000200)” 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 at e-mail address [email protected] and also to submit self attested hard copies of these documents (Demand Draft in original)to the Authorised Officer, at the Branch Office Abu Road or Circle Office address mentioned hereinabove in the envelope super scribing as “Bid in the A/C- M/s Nitcherry Industries”. viii. The interested bidders are required to obtain login ID and Password well in advance, which is mandatory for e-bidding, from Sh. Manoj Singh (Mobile No. 8527366088), Punjab National Bank, Circle Office– Jodhpur, IT Department, Chopasni Road Jodhpur. 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. The bidders shall improve their offer in multiple of Rs. 50,000/- (Rupees Fifty Thousand only). 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. xii. Auction would commence at the reserve price and bidders shall improve their offer as stated hereinabove. 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 within 24 hours 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 Sh. Manoj Singh (Mobile No. 8527366088), Punjab National Bank, Circle Office–Jodhpur, IT Department, Chopasni Road Jodhpur. For any query bidders may contact to Sh. R P Choudhary (Mob No. 8769161222). xix. Any other encumbrances is not known to the Bank. 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. The sale shall be subject to rules/conditions prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and subsequent amendments. xxii. Where the sale price of the property is Rs. 50.00 lacs and above the auction purchaser has to deduct 1% of the sale price as TDS in the name of the owner of the property of the property and remit to Income Tax Department as per Sec. 194 IA of Income Tax Act and only 99% of the sale price has to be remitted to the Bank. The sale certificate will be issue only on receipt of Form No. 26QB and challan for having remitted the TDS. Certificate of TDS on Form 16B to be submitted to the Bank subsequently. xxiii. The sale shall be subject to rules/conditions prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and subsequent amendments.

STATUTORY 15 DAYS SALE NOTICE UNDER RULE 8(6) READ WITH RULE 9(1) OF THE SECURITY INTEREST (ENFORCEMENT) RULES (As per Amendment of 2016 in SARFAESI Act)

The borrower/guarantors/mortgagors 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.

Date: 13/12/2019 Authorized Officer Place: Abu Road (Sirohi) Punjab National Bank.