EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED Edelweiss House, Off C.S.T. Road, Kalina, Mumbai – 400098 Phone: 022-40886381/8879969180 PUBLIC NOTICE FOR SALE

SALE OF PROPERTIES (“SECURED ASSETS”) OF SHIVALAY TRADELINK PRIVATE LIMITED AND BHAVESH MANUBHAI PATEL (GUARANTOR/MORTGAGOR)

In exercise of the powers conferred under SARFAESI Act, notice is hereby issued by Edelweiss Asset Reconstruction Company Limited (EARC) (acting in its capacity as the Trustee of SC-19 Trust) as Secured Creditor of Shivalay Tradelink Private Limited and it’s guarantors to sell by way of public auction the immovable secured asset described herein below on “AS IS WHERE IS AND AS IS WHAT IS BASIS” under the provisions of SARFAESI Act read with rule 6, 7, 8 & 9 of the Security Interest (Enforcement) Rules, 2002) Description of Reserv Earnes Date and Last date Bid O/s dues as on Secured Asset e Price t Time of for Openin 30.04.2016 (Rs in Money Inspectio submissio g Date lakhs) Deposi n n of bids t (Rs in lakhs) Residential Flat No. 32 3.20 June 08, Before 1 July 08, Rs. O/1, Ground Floor, 2016 P.M. on 2016 at 11,27,74,107/- admeasuring 95 between July 06, 11:30 (Rupees Eleven square yards, 11.00 2016 A.M. Crores Twenty “Parasmani Flat”, A.M. to Seven Lakhs 3.00 P.M. Seventy Four Parasmani Vasahat Thousand One Yojana, bearing city Hundred and Survey No. 12 and Seven only) as 13, Final Plot No. on April 30, 13, T.P. Scheme No. 2016 1 at Ghatlodia, Taluka City, Registration District and Sub-District Ahmedabad, Gujarat

Open plot of land 98 9.80 admeasuring 2216 sq. yards situated at Khata No. 340, Survey No. 182/P/10, Opposite Ahinsa Spinners Factory & IBP Petrol Pump, Village Vasna Iyava, Off Sanand Viramgam Highway, Taluka Sanand, District - Ahmedabad. Plot of land bearing 80 8.00 Survey No. 246 Paiki 1, admeasuring 1290.48 sq. yards together with shed, situated at Uma Industrial Estate, Village Vasna Iyava, Off Sanand Viramgam Highway Taluka Sanand, District Ahmedabad.

To the best of knowledge and information available with EARC, there are no other encumbrances on the aforesaid property. Outstanding dues if any attached to the property should be ascertained by the tenderer(s)/ prospective purchaser(s). The tenderer(s)/ prospective purchaser(s) are requested in their own interests, to take inspection of the asset put up for auction and satisfy themselves about the nature, area and condition of the said asset and other relevant details pertaining to the abovementioned asset before submitting their bid.

Gist of the terms & conditions appearing in Bid Document:

1. The sale of secured asset is on “As is where is basis”, “As is what is basis”, “Whatever there is basis” and “No recourse basis” for and on behalf of the Secured Creditor viz. EARC (in its capacity as Trustee of EARC Trust - SC 23). 2. Bid document and terms and conditions of the auction sale can be obtained from the Authorised Officer on request on any working day between May 25, 2016 to July 06, 2016 between 10.30 a.m. to 5.00 p.m. 3. Sealed bids as per the prescribed bid document should be submitted latest by 1.00 p.m. on or before July 06, 2016 at the office of Edelweiss Asset Reconstruction Company Ltd at Edelweiss House, 3rd Floor, Off C.S.T Road, Kalina, Mumbai – 400 098 with Demand Draft for EMD amount drawn on a scheduled Bank in favour of ‘Edelweiss Asset Reconstruction Company Ltd’. The bidders can also transfer the EMD amount to the account of EARC by way of RTGS. The bank account details shall be provided to the bidders on request. Once a bid is submitted by the bidder, the same cannot be withdrawn. The EMD amount will not carry interest. 4. The secured asset shall be kept open for inspection of the prospective purchasers on June 08, 2016 from 11 A.M. to 3.00 P.M. 5. Bids will be opened on July 08, 2016 at 11.30 A.M. at the office of Edelweiss Broking Ltd at Unit No. 801- 804, 8th Floor, Abhishree Avenue, Nehru Nagar, Ambavadi, Ahmedabad where the Bidders or their representatives with appropriate authorization may remain present and participate in the auction proceedings. 6. Only those bidders who have submitted bid over and above the Reserve Price shall be allowed to participate in the auction and any bid submitted below the Reserve Price shall be rejected. Bids submitted without the EMD shall also stand rejected. On opening of the bids, only top 3 Bidders will be given the opportunity to increase their bid. However the Authorised Officer shall have discretionary rights to permit the other bidders who have submitted bids above the Reserve Price to participate in the auction. 7. The highest bidder will be required to deposit 25% of the bid amount (less EMD amount deposited) immediately or on confirmation of sale. The balance 75% of the bid amount has to be paid within 15 days of the confirmation of the sale or within such extended period if any granted in writing by the Authorised Officer of EARC. In case of failure to deposit the balance sale consideration within the prescribed period, the EMD / total amount deposited by the successful bidder shall be forfeited. The Authorised Officer may consider extending the period for payment of the balance sale consideration at his discretion if he desires so but the same does not vest any right in favour of the successful bidder to seek any extension of time beyond the stipulated period of 15 days to pay the balance sale consideration. 8. The Authorised Officer reserves his right to retain the EMD of the second highest bidder for a period of 30 days from the auction date. In the event the successful bidder defaults in the timely payment of the sale consideration, the Authorised Officer shall have rights to consider the bid submitted by the 2nd highest bidder. The Authorised Officer reserves the right to accept or reject any or all bids without assigning any reasons. 9. The secured asset mentioned in the sale notice is mortgaged in favour of EARC. The details of the secured asset are true and correct to the best of the knowledge of the Authorised Officer of EARC. However, interested parties are requested to inspect and verify details of the secured assets before submitting their bid. The Authorised Officer shall not be responsible for any error, mis-statement, omission in the description of the secured asset. 10. The successful bidder would be required to bear all the necessary expenses for transfer of the secured asset in their name like stamp duty, registration expenses and other incidental costs and taxes. 11. The secured asset is in the physical possession of EARC. On receipt of the entire sale consideration within the stipulated time, the possession of the secured asset shall be handed over to the successful bidder. 12. The auction will be conducted strictly in accordance with the terms and conditions as mentioned in the present sale notice and as mentioned in the document containing the terms and conditions of sale. The bidders are advised to obtain a copy of the detailed terms and conditions and carefully go through the same before submitting their bids. 13. The Borrower/Mortgagor/Guarantor may treat this as a 30 days notice of sale. The Borrower/Mortgagor/Guarantor is hereby given a last and final opportunity to discharge their liability in full as stated above within 30 days from the date of this notice and reclaim the secured asset failing which the same will be auctioned as per the terms and conditions mentioned above.

Dated: May 26, 2016 Venkatesh Chandrasekhar Place: Ahmedabad Authorised Officer