E-AUCTION SALE NOTICE ON Zonal Stress Assets Recovery Branch, Baroda : Suraj Plaza-3, 4th Floor, Sayajigunj, Baroda. PHYSICAL / SYMBOLIC POSSESSION Ph. : 0265 - 2360022 / 2360033 E-AUCTION DATE : E-Auction Sale Notice for Sale of Immovable / Movable Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of India’s International Bank 11.10.2019, 1.00 PM to 3.00 PM Security Interest Act, 2002 read with proviso to Rule 8 (6) for Immovable and Rule 6 (2) for Movables, of the Security Interest (Enforcement) Rules, 2002 Notice is hereby given to the public in general and in particular to the borrower and Guarantor that the below described Immovable / Movable properties Mortgaged / hypothecated/ pledged/ charged to the secured creditor, the physical / symbolic possession of which has been taken by respective Authorised Officers of the Bank of Baroda, Secured Creditor, will be sold on “As is where is”, “As is what is” and “Whatever there is” on 11.10.2019, for recovery of Bank dues as per the detail below : Sr. Dues Status of Earnest Money Min. Bid Increase Date of inspection A/c Name Description of the Properties Reserve Price No. (Demand Notice Date) Possession Deposit Amount of Property M/S. ADVANCE POWDER TECH & Rs. 2,56,42,075/- a) Residential Flat No. B-04, situated at Fourth Floor, in the building known as Som Ravi Comforts, Near Saraswati Society, B/h. Taksh Complex, Vasna Road, Vasna, 1 Rs. Rs. Rs. RESINS LTD. (Rupees Two Crore Fifty Six Lacs Forty Two District Vadodara, the property is in the name of Dixita Bharat Patel and Bharat R. Patel, R.S. No. 390, Plot No. 3,T.P.S No. 22, F.P No. 32, C.S. No. 558, Moje/Village PHYSICAL Thousands Seventy Five only) as on date of Tandalja, Vadodara. The admeasuring area 1800 Sq. Ft. - The property is bounded as under :- East - Adjoining of the Plot, West - 9 Mtrs. T P Road, North - Common 44,55,000/- 4,45,500/- 10,000/- Name of Directors : 1. Mr. Hareshbhai I demand notice Minus recovery thereafter plus Passage, Stair Case Lift and Flat No. A/4, South - F.P No. 33. 03.10.2019 Patel, 2. Mrs. Dixitaben B Patel, 3. Mr. interest and other expenses from the date of Bharatbhai R Patel b) Plant and machinery lying at Industrial Land and Building situated at Plot No. E-34, Savli GIDC Estate, F-Road, Manjusar, Taluka Savli, District Baroda, R S No.1769/P, Total Total 11.00 A.M TO Demand Notice i.e. 15.07.2017 as per notice PHYSICAL Name of Guarantors : 1. Mr. Hareshbhai I issued U/s 13 (2) of SARFAESI Act, 2002. Village Manjusar. Reserve Price EMD Amount Rs. 3.00 P.M Patel, 2. Mrs. Dixitaben B Patel, 3. Mr. for Sr. No. for Sr. No. 1,000/- Bharatbhai R Patel, 4. Manojkumar R c) Stock and Raw Material lying at Industrial Land and Building situated at Plot No. E-34, Savli GIDC Estate, F-Road, Manjusar, Taluka Savli, District Baroda, R S PHYSICAL (b) & (c) (b) & (c) Patel, 5. Girjaben R Patel No.1769/P, Village Manjusar. Rs. 1,25,000/- Rs. 12,500/- Rs. 3,88,67,000/- a) The property is situated at Industrial Shed No. 15-A, in Gandhi Mill Compound of Gorwa Industrial Estate, Constructed on land, bearing R.S. No. 1031/1, City Survey 2 M/S. STERLING FOODS Total Total Name of Proprietor : (Rupees Three Crores Eighty Eight Lacs Sixty No. 2000 paiki, 2038 paiki, at Sim Gorwa, Registration and Sub Registration District Vadodara, land area & construction admeasuring on Ground Floor 1890 Sq. Ft. PHYSICAL Mr. Noshir Modi Seven Thousand only) as on date of demand and First Floor 399 Sq. Ft., property belonging to M/s. Sterling Foods and bounded as under :- East - By Shed No. 18 B, West - By Road, North - By Shed No. 15 A, Reserve Price EMD Amount South - By Road. Name of Directors and Guarantors : notice Minus recovery thereafter plus interest for Sr. No. for Sr. No. Rs. and other expenses as per Demand Notice i.e. 1. Mr. Nosir Modi b) The property is situated at Industrial Shed No. 15-B, in Gandhi Mill Compound of Gorwa Industrial Estate, Constructed on land, bearing R.S. No. 1031/1, City Survey (a) & (b) (a) & (b) 50,000/- 09.04.2014, as per notice issued U/s 13 (2) of No. 2000 paiki, 2038 paiki, at Sim Gorwa, Registration and Sub Registration District Vadodara, admeasuring Ground Floor 1365 and construction thereon. Property 03.10.2019 2. Mr. Mahesh Chandra P. Agrawal SARFAESI Act, 2002. PHYSICAL Rs. Rs. 3. Mr. Suresh Chandra P. Agarwal belonging to M/s. Sterling Foods and bounded as under :- East - By Shed No.18 B, Intra Ocular Care Pvt. Ltd., West - By Road, North - By Shed No. 16, Panchal 1,03,00,000/- 10,30,000/- 11.00 A.M TO 4. Mr. Khaizad Noshir Modi Engineering Work, South - By Shed No. 15 B, owned by Sterling Foods. 3.00 P.M c) The property is situated at industrial Shed No. 9-B, First Floor, Office Building of Gandhi Mill Compound of Gorwa Industrial Estate, Constructed on land, bearing R.S. No. 1031/A at Sim Gorwa, Registration and Sub Registration District Vadodara, admeasuring First Floor 418.43 Sq. Ft. and construction thereon and balcony area Rs. Rs. Rs. PHYSICAL adm. 65 Sq. Ft. property belonging to Mr. Noshir Modi and bounded as under :- East - Guru Krupa Industries, West - By ISO Dharam System, North - By Road, South - 6,53,000/- 65,300/- 10,000/- By Diyanki Petroleum Company. 3 M/S. REN TOBACCO Rs. 5,27,60,509.75 The mortgaged property is situated at R.S. No. 88, 89, 92/1 paiki Jamin, F.P No. 127, Moje Akota and the Building is Known as Vinayak Bunglows, Bunglow Name of Proprietor : (Rupees Five Crore Twenty Seven Lacs Sixty No. A/3, Plot area adm.1082 Sq. Ft., Built up area 2000 Sq. Ft. Near SNDT College, Akota, Vadodara, District Vadodara and Sub District Vadodara Gujarat 03.10.2019 Mr. Dhiren Patel Thousand Five Hundred Nine and paise and the property is in the name of Mr. Chimanbhai Maganbhai Patel and the boundaries are as under : East - Bunglow No. 4, West - Bunglow No. 2, North - SYMBOLIC Rs. Rs. Rs. Name of Guarantors : Seventy Five Only) as on 30.06.2018 plus F.P. No.127, South - Road. 11.00 A.M TO interest and other expenses from 01.07.2018 / PHYSICAL 72,62,000/- 7,26,200/- 10,000/- Mr. Chimanbhai M. Patel till date, as per notice issued U/s 13 (2) of 3.00 P.M SARFAESI Act, 2002. 4 M/S. RAMESHWAR AGRO Rs. 1,31,31,472/- Industrial building having Industry shed & Labour Quarters, office at G F +F F, all that piece & parcel of property situated at Revenue Survey No 329 Paiki 4, INDUSTEIS as on date of demand notice Minus recovery Rameshwar Agro Industries, Village Madhwas, Tal. Kalol, Dist. Panchmahal, Gujarat, admeasuring 3237.00 Sq. Mtrs. Construction there on. Commercial 03.10.2019 there after plus interest and other expenses Rs. Rs. Rs. Proprietor : Mr. Jayanti Bhai K. Patel Plot, the property is in the name of Jayantibhai Kishor bhai Patel. PHYSICAL from the date of Demand Notice i.e. 1,00,00,000/- 10,00,000/- 10,000/- 11.00 A.M TO Guarantors : Mr. Satishbhai Jayantibhai 24.07.2017, as per notice issued U/s 13 (2) of 3.00 P.M Patel SARFAESI Act, 2002. DATE OF E-AUCTION : 11.10.2019, FROM 1.00 P.M. TO 3.00 P.M (WITH UNLIMITED EXTENSION OF 5 MINUTES EACH), LAST DATE OF SUBMISSION OF BID : 10.10.2019, BEFORE 4.00 P.M. TERMS AND CONDITIONS OF THE AUCTION : The sale shall be subject to the terms & conditions as described below :- (1) For detailed Terms and Conditions of the sale, please refer to the link provided in Bank of Baroda, Secured Creditor's website i.e. www.bankofbaroda.com/e-auction.htm . (2) The Auction-cum-Sale shall be conducted through e-Auction mode, through the official portal of https://bob.auctiontiger.net . (3) Care has been taken to include adequate particulars of Secured Assets in the Schedule herein above. The Authorized Officer shall not be answerable for any error, misstatement or omission in this proclamation. (4) The intending bidders are advised to go through the portal https://bob.auctiontiger.net for detailed terms and conditions for e-Auction sale before submitting their bids and taking part in the e-Auction sale proceedings and contact the respective Authorized Officer for the concerned property as mentioned herein above against each property. (5) The Secured Asset shall not be sold below the Reserve Price. Auction shall commence at one increment above the Reserve Price and bidders shall be free to bid among themselves by improving their offer with minimum incremental amount stated herein above. (6) 10% Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT/ Fund Transfer on or before 10.10.2019, before 4:00 P.M. to the designated account, the details of which are given as under :- Account Name : NEW INTERMEDIARY ACCOUNT / Account No. 58150015181219, IFSC Code : BARB0ARMSGZ, Name of Bank : Bank of Baroda, Zonal Stress Assets Recovery Branch, Baroda. (7) The intended bidders who have deposited the EMD should upload the following on or before 10.10.2019 on official portal https://bob.auctiontiger.net, as per the columns/fields available on the portal. a) Proof of deposit of EMD. b) Self attested true copy of Identity Card containing Photograph and Residential Address and PAN card of the intending bidder, issued by Govt. of India. Original of the document should be made available for verification by the concerned Authorized Officer. c) Intending Bidder's Mobile Number and E-Mail address. d) Intending Bidder's Bank Account details for the purpose of refund of EMD. (8) The intended bidders who require assistance in creating Login ID & Password, uploading data, submitting bid, training on e-bidding process etc., may contact M/s. E-Procurement Technologies Ltd., Tel: Help Line No. +91 79 61200546 / 598 / 568 /587 / 538 - 9265562821, Mr. Chintan Bhatt, Mobile No. 9978591888, Help Line E-mail ID: [email protected] and [email protected] and for any property related query may contact Bank of Baroda, Zonal Stress Assets Recovery Branch, Baroda, Tel No: 0265-2360022/33, Mobile : 7434869555. Email: [email protected] during the office hours on any working days. (9) In case of stay of sale or Recovery proceeding by any superior court of competent jurisdiction, the auction may either be postponed/cancelled in compliance of such order, without any further notice and the persons participating in the sale shall have no right to claim damages, compensation or cost for such postponement/cancellation etc. (10) Only those bidders holding valid user ID and Password and confirmed payment of EMD through NEFT /RTGS shall be permitted to participate in the on line e-auction. The Authorized Officer reserves the right to accept or reject any or all bids. Further, the Authorized Officer reserves the right to postpone or cancel or adjourn or discontinue the Auction or vary the terms of the Auction at any time before conclusion of the Auction process, without assigning any reason whatsoever and his decision in this regard shall be final. (11) The successful bidder shall have to pay 25% of the purchase amount immediately (including Earnest Money Already paid) from knocking down of bid in his/her favor, in the same mode as stipulated in clause 5 above. The balance of the purchase price shall have to be paid in the same mode as stipulated above within 15 days of acceptance/confirmation of sale conveyed to them. In case of default, all amounts deposited till then shall be forfeited including earnest money deposit. (12) Mere deposit of 25 % of the Sale Price shall not entitle the successful bidder to get the sale confirmed in his favour. Sale shall be subject to terms and conditions applicable to this e-auction notice and confirmation by the secured creditor to that effect. (13) The EMD ( without interest) of the unsuccessful bidder will be returned on 3rd day of the closure of the e-auction sale proceedings through RTGS/NEFT. (14) During e-auction, in case any bid is placed in the last 5 minutes of the closing time of the Auction, the closing time shall automatically get extended for another 5 minutes. (15) The sale is subject to confirmation by the Bank. If the borrower/guarantor pays the entire amount due to Bank before publication of this notice, no sale will be conducted. (16) All statutory dues/attendant charges/other dues including registration charges, stamp duty, taxes etc. shall have to be borne by the purchaser. (17) The Sale Certificate shall be issued to the highest successful bidder and in the same name in which the Bid is submitted. (18) The property is sold on “As is where” and “As is what is” basis and 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, search results and other revenue records relating to the property including statutory liabilities arrears of property tax, electricity dues etc. and shall satisfy themselves before submitting the Bid. (19) The bidders 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. (20) Bank reserves its right to accept/reject any or all of the offer(s) or bid(s) so received or cancel the sale without assigning any reason thereof. (21) In case there is any discrepancy found in Publication of Gujarati Version or English Version then in such case English Version will be considered for the purpose of interpretation. Bidding in the final minutes and seconds should be avoided in the bidders own interest. Neither the Bank nor Service Provider will be responsible for any failure/lapse (Power failure, Internet failure etc.) on the part of the vendor. In order to prevent such situation bidders are requested to make all the necessary arrangements/alternatives such as backup power supply etc required so that they are able to prevent such situation and continue to participate in the auction successfully. (22) It shall be the responsibility of the successful bidder to remit the TDS @ 1% as applicable u/s 194 1-A if the aggregate of the sums credited or paid for such consideration is Rs. 50 Lakhs or more. TDS should be filed online by filling form 26QB & TDS certificate to be issued in form 16B. The purchaser has to produce the proof of having deposited the income tax into the government account within 15 days of e-auction. (23) GST as per government rules is payable by the purchaser on movable assets. STATUTORY 15 DAYS SALE NOTICE UNDER SARFAESI ACT TO THE BORROWER/GUARANTOR/MORTGAGOR The above mentioned Borrower/Guarantor/are hereby noticed to pay the sum as mentioned in section 13(2) notice in full before the date of auction, failing which property will be auctioned/sold and balance dues if any will be recovered with interest and cost from borrower/guarantor. Sd/- Date : 20.09.2019, Place : Vadodara Authorised Officer, ZOSARB, Bank of Baroda