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NEW MANINAGAR BRANCH Shop No. 7-11, Ratna Raj Residency, Baroda Express Highway Parallel Road, Near Doon School of Excellence, New Maninagar, Ahmedabad – 382 449

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NEW MANINAGAR BRANCH Shop No. 7-11, Ratna Raj Residency, Baroda Express Highway Parallel Road, Near Doon School of Excellence, New Maninagar, Ahmedabad – 382 449 NEW MANINAGAR BRANCH Shop no. 7-11, Ratna Raj Residency, Baroda Express Highway parallel road, Near Doon School of Excellence, New Maninagar, Ahmedabad – 382 449 SALE NOTICE :: E-AUCTION {RULE 8(6) & 9(1) OF SECURITY INTEREST (ENFORCEMENT) RULES 2002} WHEREAS the following parties have availed credit facilities from Union Bank of India (e-Andhra Bank), and has defaulted to pay and is due to the Bank for the amount mentioned hereunder, plus further interest, costs and charges. Therefore, Union Bank of India (e-Andhra Bank) in exercise of the powers conferred u/s 13 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 54 of 2002 has decided to sell the property detailed below in public auction to be conducted by way of e-auction through the website/portal detailed hereunder: Date of Amount Date of Name of Borrowers/ Guarantors/ Name of Demand mentioned in Authorised Possession Mortgagors Branch notice u/s demand officer u/s 13(4) 13(2) notice Borrower: M/s Spiral Rubber Industries B/SF/12, Akanksha Apartment, Near Jay Mala Bus Stand, Isanpur Road, Ghodasar, Ahmedabad – 380050 & Block No. 202, Vadala road, Village – Vavdi, Kheda. Guarantors: Mr. Mayank Ramakant Sukhadiya New 6, Vashistha Nagar, Rs. Maninagar Bhaduatnagar, Opp. Hanuman 4,87,35,960/- Shadab (e-Andhra 10.03.2017 05.06.2017 Temple, Ghodasar, Maninagar – as on Aleem Bank) 380 008 10.03.2017 Ms. Anjanaben Ramakant Sukhadiya 6, Vashistha Nagar, Bhaduatnagar, Opp. Hanuman Temple, Ghodasar, Maninagar – 380 008 Mr. Milind Mayank Sukhadiya 6, Vashistha Nagar, Bhaduatnagar, Opp. Hanuman Temple, Ghodasar, Maninagar – 380 008 Type of possession Reserve price Bid Description of property Encumbrances Multiples EMD known All that part and parcel of non-agricultural land bearing Rs. 117.80 Block no. 202 (old survey no. 251), along with lakhs (for construction of industrial shed standing thereon at land & shed) Vadala Road, Village – Vavdi, Taluka & District – + Rs. 93.35 Physical Kheda belonging to Mr. Milind Kumar Mayankbhai lakhs (for Sukhadiya adm 4856 sq mtr and bounded on East by machineries) land of Vaghabhai Nadabhai, West: Land of Jethabhai = Rs. 211.15 Rs. 10,000/- Nathabhai, North: Land of Narmadaben Nathbhai and lakhs South: Land of Jethabhai Nathabhai & Rs. Nil All the plant and machineries lying and situated at the 21,12,000/- Industrial unit belonging to M/s Spiral Rubber Industries (more particularly described above) Type of possession Reserve price Bid Encumbrances Description of property EMD Multiples known All that part and parcel of the non-agricultural residential purpose plot no. 21, Radhey Residency, Near Rs. Symbolic Pancham Pushpam, Near Gotri road, adm 2165.82 sq ft 57,40,000/- (net area as per sale deed ) and 1765.29 sq ft (net area as per actuals) lying being and situated at land bearing Survey no. 104 of City Survey no. 2773, Village – Gotri Rs. 10,000/- (Zone – 4), Taluka and District – Vadodara belonging Nil to Mr. Mayank R Sukhadiya adm 290.07 sq mtr and Rs. 574,000/- bounded on East by Sonal Hi Land scheme, West; Bungalow no. 22, North: 7.5 mtr common road and South: Club House The property will be sold by holding public e-auction on 18-02-2021 (Thursday) from 12:00 PM to 04:00 PM by inviting Bids from the public through online mode on www.mstcecommerce.com. For registration, bidding and detailed terms & conditions, please visit the following website: https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp CHIEF MANAGER & AUTHORISED OFFICER Place: Ahmedabad Date: 30.01.2021 TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS 1. Name and address of the Borrower, Co- Borrower: Applicant and Guarantor M/s Spiral Rubber Industries B/SF/12, Akanksha Apartment, Near Jay Mala Bus Stand, Isanpur Road, Ghodasar, Ahmedabad – 380050 & Block No. 202, Vadala road, Village – Vavdi, Kheda. Guarantors: Mr. Mayank Ramakant Sukhadiya 6, Vashistha Nagar, Bhaduatnagar, Opp. Hanuman Temple, Ghodasar, Maninagar – 380 008 Ms. Anjanaben Ramakant Sukhadiya 6, Vashistha Nagar, Bhaduatnagar, Opp. Hanuman Temple, Ghodasar, Maninagar – 380 008 Mr. Milind Mayank Sukhadiya 6, Vashistha Nagar, Bhaduatnagar, Opp. Hanuman Temple, Ghodasar, Maninagar – 380 008 2. Name and address of the Secured Creditor Union Bank of India New Maninagar (e-Andhra Bank) Shop no. 7-11, Ratna Raj Residency, Baroda Express Highway parallel road, Near Doon School of Excellence, New Maninagar, Ahmedabad – 382449 Email: [email protected] 3. Description of immovable secured assets to be sold: a) All that part and parcel of non-agricultural land bearing Block no. 202 (old survey no. 251), along with construction of industrial shed standing thereon at Vadala Road, Village – Vavdi, Taluka & District – Kheda belonging to Mr. Milind Kumar Mayankbhai Sukhadiya adm 4856 sq mtr and bounded on East by land of Vaghabhai Nadabhai, West: Land of Jethabhai Nathabhai, North: Land of Narmadaben Nathbhai and South: Land of Jethabhai Nathabhai & All the plant and machineries lying and situated at the Industrial unit belonging to M/s Spiral Rubber Industries (more particularly described above) b) All that part and parcel of the non-agricultural residential purpose plot no. 21, Radhey Residency, Near Pancham Pushpam, Near Gotri road, adm 2165.82 sq ft (net area as per sale deed ) and 1765.29 sq ft (net area as per actuals) lying being and situated at land bearing Survey no. 104 of City Survey no. 2773, Village – Gotri (Zone – 4), Taluka and District – Vadodara belonging to Mr. Mayank R Sukhadiya adm 290.07 sq mtr and bounded on East by Sonal Hi Land scheme, West; Bungalow no. 22, North: 7.5 mtr common road and South: Club House 4.The details of encumbrances, if any known to the Nil Secured Creditor 5. Last date for submission of EMD On or before the commencement of e-auction. 6. Date & Time of auction 18-02-2021 (Thursday) from 12:00 PM to 04:00 PM (with 5 min unlimited auto extensions) E-auction website – www.mstcecommerce.com 7. The secured debt for the recovery of which the Rs. 4,87,35,960/- as on 10.03.2017 immovable secured asset is to be sold: 8.1 Reserve price for the properties below which the a) Rs. 117.80 lakhs (for land & shed) + Rs. 93.35 lakhs (for immovable property may not be sold: machineries) = Rs. 211.15 lakhs (Rupees Two Crores Eleven Lakhs Fifteen Thousand only) b) Rs. 57,40,000/- (Rupees Fifty-Seven Lakhs Forty Thousand only) 8.2 EMD Payable a) Rs. 21,12,000/- (Rupees Twenty-One Lakh Twelve Thousand only) b) Rs. 574,000/- (Rupees Five lakh Seventy-Four Thousand) 9. 1. Registration The Online E-Auction will be held through web portal/website www.mstcecommerce.comon the date and time mentioned above with unlimited extension of 5 minutes. The intending bidders / purchasers required to register through https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp by using their mobile number and valid email-id. They are further required to upload KYC documents and Bank Details. 9. 2. KYC Verification On completion of registration, the intending bidders / purchasers are required to upload KYC documents and Bank account details. KYC documents shall be verified by e-auction service provider which may take 2 to 3 working days. Hence the registration and uploading formalities are to be completed well in advance. 9. 3. EMD Payment On completion of KYC verification, the intending bidders / purchasers are required to pay EMD through NEFT/RTGS/NET BANKING/UPI by generating a challan through this website in his/their Global EMD Wallet. Payment should be made within 3 days after generating the challan for NEFT / RTGS otherwise the challan shall become invalid. The payment shall be ensured well in advance before the stipulated time. If the required EMD amount is not held in their Global Wallet, they will not be allowed to participate. Payment of EMD in any other mode will not be accepted. The Earnest Money Deposit shall not bear any interest and in case of unsuccessful bid, the same will be returned to the unsuccessful bidder by the service provider without interest. 9.4 Bidding The bidder has to select the property for which offer is submitted from the list mentioned in the above website and/ or bidder can directly enter Property ID (as mentioned in https://ibapi.in). The property will be visible in ‘Live Auctions’ on www.mstcecommerce.com one day prior to the date of auction. 9.5. Helpdesk ➢ For Registration related queries e-mail to [email protected] ➢ For EMD payment/refund related queries e-mail to [email protected]. ➢ For Registration and Login and Bidding Rules visit https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp and Click “Buyer Guide for Login and Registration” ➢ Intending bidders may download at free of cost, copies of sale notice, Terms and Conditions of e-auction Help Manual on operational part of e-auction from e-Bkray – IBAPI portal (https://www.ibapi.in) For auction related queries e-mail to [email protected]; or contact – Union Bank of India (e-Andhra Bank), New Maninagar Branch, Shop no. 7-11, Ratna Raj Residency, Baroda Express Highway parallel road, Near Doon School of Excellence, New Maninagar, Ahmedabad – 382449; Email: [email protected]. 9.6 Steps Involved ➢ Register on e-auction portal www.mstcecommerce.com using mobile number and email ID. ➢ Upload requisite KYC Documents. ➢ Generate challan and transfer EMD amount to bidder’s global EMD Wallet. ➢ Submission of bid shall be through online mode on the auction date and time. ➢ In case of successful Bid, the balance bid amount to be paid as per the terms as mentioned hereunder. ➢ In case of unsuccessful Bid, request for refund to be made in the MSTC website and refund will be made directly by the MSTC.
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