Indian Bank (A Govt. of India Undertaking) Zonal Office: – Ahmedabad, Branch Office:- Sola Road(E-ab) Auction No. ZOA/REC/Auction/2020-21/300 Dated:20/10/2020 By Registered post with A/D To, Aaliya Enterprise (Proprietorship firm, Borrower) 400/47/1, Girdhar Master Mill Compound, Near R.C Technical High School, Saraspur, Ahmedabad, Gujarat, PIN-380018 Mr. Shaikh Samir Mohdmohsin (Proprietor, Mortgagor) 400/47/1, Girdhar Master Mill Compound, Near R.C Technical High School, Saraspur, Ahmedabad, Gujarat, PIN-380018 Also at, Flat No.C-506, 5th Floor, Ekta Avenue, Gomtipur Char Rasta, Gomtipur, Saher Kotda, Ahmedabad, Gujarat, PIN-380018 Mr. Mohammad Ikramulhaque Nasiruddin Shaikh (Guarantor) 133/50, Madhubhai Mil Compound, Near Hanjar Cinema, Meter Gauge Railway Station, Saraspur, Ahmedabad, Gujarat, PIN-380018 SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES E-Auction Sale Notice for Sale of Immovable Assets under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Read with proviso to Rule 8(6) of the Security Interest (enforcement) Rules, 2002. Whereas, the Authorized Officer of Indian Bank had taken possession of the following property/ies pursuant to the notice issued under Sec 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 in the following loan account with right to sell the same on “AS IS WHERE IS BASIS, AS IS WHAT IS BASIS & WHATEVER THERE IS BASIS” for realization of Bank's dues plus interest as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Banks dues by sale of the said property/ies. The Sale will be done by the undersigned through e-auction platform provided at the Website https://www.mstcecommerce.com (i.e, https://www.mstcecommerce.com/auctionhome/ibapi/) on 25/11/2020 at 11.00 A.M to 03.00 P.M. Sr. Name of Account/ Description of @Secured EMD & Details of Any No. Borrower the Charged creditor’s Reserve the other Proprietor/Partner assets put Outstanding Price below Encumbra thing / under e-auction Dues which nce which Director & assets put known to the Guarantors With under the authori father’s e-auction will secured zed /husband’s name. not be sold creditor officer Name of Branch of conside the Bank presently r it where account of materi the borrower if al for a maintained purcha (A) Name of the Lot No.1 (A) Outstanding Lot No.-1 (A) ser to Borrower Account (A) Name of Title Dues of the (A) Reserve Outstandin know with address & PIN Deed Holder Bank Price g in Code B) Address with ₹ 00.00 (Rupees (Rs in lacs) Dues of order Zonal Office: 201-205, B-Block, Rudra Arcade, 132 Feet, Drive-in-Cross Road, Memnagar, Ahmedabad -380052 Tel.: (079) 27435663, 27431248 * Fax: (079) 27439668 * e-mail:[email protected] (B). Name of PIN Code of the ….only) Local Self to Borrower Proprietor/ assets put under (B)Above is (B) EMD Govt , (if judge Partner/Director. e-auction inclusive of Amount any known the With father’s ( C) interest & (Rs in lacs) to the nature /husband’s name Description , other charges Bank) & the ( C) Name of measurable area calculated up ( C ) (A1)Proper value Guarantors With & Boundaries to ............. incremental ty Tax- of the father’s /husband’s with nearest land (date) @ Bid Amount (Rs Rs as on propert name /Corporate mark of Security in (A2)Electri y guarantors with Charged to the ( C)Date of Lacs city Bill- Charge addresses with PIN bank & put under Demand Rs --------- d Code e-auction Notice -13(2) - as on assets (D) Name of the under date put Branch of the Bank SARFAESI (A3)Water under where account of Act Sewerage e- the borrower is (D) Date of taking Tax/ auction presently Possession Charges -- maintained, with 13(4) under Rs ------- contact details. SARFAESI as on ------ Act -- (E) Nature of ( B ) Other Possession: than Physical / dues of Constructive Local Self Gov any other encumbran ce known to bank 1 (A) (A) (A) (A) (A) Mr. Shaikh Samir Rs. 2627670as Rs.1755000 Aaliya Enterprise Mohdmohsin per demand notice Not Known - (Proprietorship firm, (Proprietor, dated 29/01/2019, Borrower) Mortgagor) Plus interest till the date of realization Mr. Shaikh Samir & cost, charges & Mohdmohsin other expenses (Proprietor, Mortgagor) (B) (B) (B) 28/01/2019 (B) 10 % of (A1) Not Aaliya Enterprise Plus further Reserve Price Known (Proprietorship firm, All that piece and interest @ i.e, Borrower) parcels of the applicable rates till Rs.180000 (A2) Not residential the date of Known Mr. Shaikh Samir immovable property realization and Mohdmohsin lying at Flat No.C- costs, charges and (Proprietor, 506 on 5th Floor, expenses Mortgagor) admeasuring about 54.35 square meter of Super Built Up area (38.04 square meter of Built up area) with a undivided share in land in the scheme known as Ekta Avenue on freehold N.A. land bearing Zonal Office: 201-205, B-Block, Rudra Arcade, 132 Feet, Drive-in-Cross Road, Memnagar, Ahmedabad -380052 Tel.: (079) 27435663, 27431248 * Fax: (079) 27439668 * e-mail:[email protected] City Survey No.3093 to 3166 paiki City survey No.3138 to 3142, F.P. No.143 paiki of T.P. Scheme No.16 at Mouje Village Saherkotda, Taluka, City & District Ahmedabad- 7(Odhav) within the state of Gujarat, standing in the name of Mr. Shaikh Samir Mohdmohsin. The boundaries of the Property are: North: Margin (Open space) South: Flat No. C/505 East: Stairs & Lift West: Open Space (C) (C) (C) 29/01/2019 (C) Rs.10000 (A3) Not Mr. Mohammad Same as Point (B) Known Ikramulhaque Nasiruddin Shaikh (Guarantor) (D) (D) 02/05/2019 (B ) Not Branch –Sola Known Road(E-ab) (E) Symbolic Possession The intending Bidders/ Purchasers are requested to register on portal (https: www.mstcecommerce.com) (i.e, https://www.mstcecommerce.com/auctionhome/ibapi/) using their mobile number and email-id. Further, they are requested to upload requisite KYC documents. Once the KYC documents are verified by e-auction service provider (may take 2 working days), the intending Bidders/ Purchasers has to transfer the EMD amount using online mode in his Global EMD Wallet before the e-Auction Date and time in the portal. The registration, verification of KYC documents and transfer of EMD in wallet must be completed well in advance, before auction. EMD Submission date & Upto 23/11/2020 up to 4.00 P.M. time Date & Time of e-Auction 25/11/2020 from 11.00 A.M to 03.00 P.M. (with unlimited extension) at the platform of uhttps:/ /www.mstcecommerce.com" (i.e, https://www.mstcecommerce.com/auctionhome/ibapi/) (platform of Service Provider) TERMS AND CONDITIONS 1. Earnest Money Deposit (EMD) amount as mentioned above shall be paid online through 3 mode i.e. NEFT/ Transfer/ Net Banking/ UPI (After generation of Challan from Zonal Office: 201-205, B-Block, Rudra Arcade, 132 Feet, Drive-in-Cross Road, Memnagar, Ahmedabad -380052 Tel.: (079) 27435663, 27431248 * Fax: (079) 27439668 * e-mail:[email protected] (https:www.mstcecommerce.com) in bidders Global EMD Wallet. Neft transfer can be done from any Scheduled Commercial Bank, however for Transfer the bidder has to visit Indian Bank Branch. Payment of EMD by any other mode such as Cheques will not be accepted. Bidders, not depositing the required EMD online, will not be allowed to participate in the e-auction. The Earnest Money Deposited shall not bear any interest. 2. The successful bidder shall have to deposit 25% (twenty five percent) of the bid amount, less EMD amount deposited, latest by the next working day and the remaining amount shall be paid within 15 days from the date of auction in the form of Banker's Cheque/ Demand Draft issued by a Scheduled Commercial Bank drawn in favor of ”The Authorized Officer, Indian Bank, A/c “Aaliya Enterprise” Payable at Ahmedabad OR to be remitted through RTGS/NEFT (IFSC Code ALLA0212248) for credit of account number 21202746838 of The Authorized Officer, Indian Bank. In case of failure to deposit the amounts as above within the stipulated time, the amount deposited by successful bidder will be forfeited to the Bank and Authorized Officer shall have the liberty conduct a fresh auction/ sale of the property & the defaulting bidder shall not have any claim over the forfeited amount and the property. 3. Payment of sale consideration by the successful bidder to the bank will be subject to TDS under Section 194- 1A of Income Tax Act 1961 and TDS is to be made by the successful bidder only at the time of deposit of remaining 75 % of the bid amount 4. On receipt of the entire sale consideration, the Authorized Officer shall issue the Sale Certificate as per rules. 5. All expenses relating to stamp duty and registration of Sale Certificate, if any, shall be borne by the successful bidder. 6. The Authorized Officer/Bank has the absolute right to accept or reject any bid or adjourn/ postpone/ cancel the sale without assigning any reason therefore. 7. The Sale shall be subject to rules/ conditions/ prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 8. Platform (https:www.mstcecommerce.com) for e-Auction will be provided by our e Auction service provider M/S MSTC Limited having its Registered office at 225-C, A.J.C. Bose Road, Kolkata-700020 (contact Phone & Toll free Numbers 079-41072412/ 411/ 413 or 1800-103-5342). The intending Bidders/ Purchasers are required to participate in the e-Auction process at e-Auction Service Provider’s website https:www.mstcecommerce.com.