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Auction Notice 1 31 2021 4 47 46 PM.Pdf SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES OF TAJ MILK FOODS LIMITED (IN LIQUIDATION) (Mortgaged for financial assistance availed by them) E-Auction Sale Notice for Sale of Immovable Secured Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as “SARFAESI Act”) read with proviso to Rule 8 (6) of the Security Interest (Enforcement) Rules, 2002 (“Rules”). That, State Bank of India(hereinafter referred to as “Assignor Bank”) has assigned the debts of Taj Milk Foods Limited (In Liquidation) (Hereinafter referred to as “Borrower”) together with the underlying Securities in favour of Edelweiss Asset Reconstruction Company Limited acting in its capacity as the trustee of EARC Trust SC-30 (hereinafter referred to as “EARC”) vide Assignment Agreement dated August 11, 2014. Pursuant to the said assignment, EARC has stepped into the shoes of the Assignor Bank and therefore, exercises its rights as the Secured Creditor. That EARC, in its capacity as secured creditor, had taken possession of the below mentioned immovable secured assetsfrom Official Liquidator on July 18, 2017under 13(4) of SARFAESI Act and Rules there under. Notice is hereby given to the public in general and in particular to the Borrower (Company in Liquidation)/ Guarantor (s) and Mortgagor (s) that the below mentionedimmovable secured assetsmortgaged to the Secured Creditor, the physical possession of which has been taken by the Authorised Officer (AO) of EARC as the secured creditorfrom Official Liquidator on July 18, 2017, will be soldon “As is where is”, “As is what is”, and “Whatever there is” basis on February 18, 2021 for recovery of Rs. 90,02,97,698/- (Rupees Ninety Crores Two Lakhs Ninety Seven Thousand Six Hundred and Ninety Eight Only) as on February 28, 2013 due to EARC together with further interest and other expenses/costs thereon and deducted for any money received after the said date from Taj Milk Foods Limited (InLiquidation) (“Borrower”), the Official Liquidator High Court of Delhi, Mr. AshokBatra, Mr. Zakir Hussain (since deceased), Mrs. Zakia Begam (Legal Heir of Mr. Zakir Hussain), Ms. Parveen Kumari Batra, Mr. Sartaj Sarwar, Taj Stones & Mines Private Limited (Guarantors/Mortgagors) The reserve price and the earnest money deposit are given in the table below - Reserve Price Earnest Money Deposit Bid Increment (Amount in Rs.) (Amount in Rs.) (Amount in Rs.) 12,75,00,000 1,28,00,000 10,00,000 Inspection of the immovable secured assets can be done on February 03, 2021 between 11am to 5pm. Details of Secured Assets put for Auction: All that piece and parcel of Land admeasuring 44,696.58 sq. mtrs. alongwith Building & structures thereon situated at Tehsil Sambhal, Moradabad, Uttar Pradesh-244302 in the name of Taj Milk Foods Ltd. (in liqn.) All that piece of land being : a) 1/3 part of Khasra nos. 252 and 258, admeasuring 5733 sq. mtrs. at Mohalla Shehzadi Sarai, Tehsil Sambhal District- Moradabad, Uttar Pradesh; b) 1/3 part of Khasra nos. 252 and 258, admeasuring 5733 sq. mtrs. at Mohalla Shehzadi Sarai, Tehsil Sambhal District- Moradabad, Uttar Pradesh; c) 1/3 part of Khasra nos. 252 and 258, admeasuring 5733 sq. mtrs. at Mohalla Shehzadi Sarai, Tehsil Sambhal District- Moradabad, Uttar Pradesh; d) Khasra No. 303 admeasuring 1270 sq. mtrs at Village Takhat Gusain (adjacent to Shehzadi Sarai), Tehsil Sambhal, District Moradabad, Uttar Pradesh; e) Khasra No.200 and 200/1/4 admeasuring 12629.76 sq. yards at Village Shehzadi Sarai, Tehsil Sambhal, District Moradabad, Uttar Pradesh; f) 1/4 part of Khait No. 211 admeasuring 6605 sq. mtrs at village Shehzadi Sarai, Tehsil Sambhal, District Moradabad, Uttar Pradesh; g) 1/8 part of Khait No. 211 admeasuring 3302.5 sq. mtrs at village Shehzadi Sarai, Tehsil Sambhal, District Moradabad, Uttar Pradesh; h) Khait No. 212/1 admeasuring 5760 sq. mtrs at village Shehzadi Sarai, Tehsil Sambhal, District Moradabad, Uttar Pradesh; For detailed terms and conditions of the sale, please refer to the link provided in EARC’s website i.e. https://www.edelweissarc.in/ Mob No. - 8828219649 Dated : 29.01.2021 Sd/- Authorised Officer Place : Mumbai Edelweiss Asset Reconstruction Company Limited Size - 8 x 17 Lucknow Edition Janasatta Ad in Hindi and Financial Express ON 10.02.2020 ( MONDAY ).
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