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Summarized Information -10.03.2014 Devayana

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Summarized Information -10.03.2014 Devayana PUNJAB NATIONAL BANK CIRCLE OFFICE: KOZHIKODE RECOVERY DEPARTMENT SUMMARIZED INFORMATION Sl. Particulars Details No. 01. E Auction Ref. No. 43320014/1 02. E Auction Title Smt Jeela & Dr Vinod Krishnan K T 03. Product Category Land and Building 04. Auction Value Rs. 83,00,000/ - + Rs.86,00,000 /-( Total Rs.1,69,00,000/ -) 05. EMD (Earnest Money Rs. 8,40,000/ - + Rs.8,60,000/ - ( Total Rs.17,00,000/ -) Deposit) 06. Document Cost Nil 07. Auction Type E Auction 08. Location Punjab National Bank, Circle Office: Kozhikode, Mini By Pass Road, Mini By pass Road, Govindapuram, Kozhikode, Pin- 673016 09. First Announcement The Hindu and Math rubhumi dated 11.04.2014 Date 10. Publication date on portal 11. Lat date of document NA collection 12. Last Date of submission 22.04.2014 of EMD 13. Date and Time of E 28.04.2014 from 11.00 am to 12 noon auction 14. Work Description Auction can be for one item alone or for both, quoting specific price for each item E auction of the following properties Item No.1 All that part and parcel of property consisting of 48.12 cents (42 cents + 4.75 cents + 1.37 cents) of land and Single storied hospital building in Survey No.62/3 and 66/9 of Kizhayoor desom Pattambi Village, Ottapalam Taluk of Palakkad District owned by Dr Vinod Krishnan K T A. 42 cents -Survey No.62/3 Bounded by East- Pattambi Nilathil chernna Vattakandam Nilam South-Athikkal Kandam West- Pallam Nilam North- Moochikkal Kandam Vadakke Ohari B. 4.75 cents-Survey No.66/9 Bounded by East- Nannam Paramba South- Road West- Ohari North-Self owned property C. 1.37 cents - Survey No.62/3 Bounded by East- Ohari Sthalam South - Land owned by Mannalathuvalappil Salim West- Amiya Hospital North- Ohari Sthalam Item No.2 All that part and parcel of property consisting of 50.75 cents of land with factory building in Survey No.62/03, Ward No.7 of Kizhayoor desom,Pattambi Village, Palakkad District owned by Smt Jeela 50.75 Cents Bounded by East-Ohari Property South- Land owned by Khader and Mannalathuvalappil Salim West-Amiya Hospital North- 3 metre by lane 15. Pre -qualification TERMS AND CONDITIONS OF SALE The sale shall be subject to the conditions prescribed in the Security Interest (Enforcement ) Rules, 2002 and to the following conditions: 1. The sale will be of the property of the mortgagors/obligants above named in “AS IS WHERE IS” , “AS IS WHAT IS” basis. 2. Auction can be for one item alone or for both, quoting specific price for each item 3. The intending bidders have to submit their EMD by way of remittance by RTGS/NEFT to A/c No. A/c NO:4332002100006672 (IFSC Code PUNB0433200), in the name of PNB PATTAMBI E AUCTION A/C M/s DEVAYANA AYURVEDIC MEDICINES AND Dr. VINOD KRISHNAN K T . The Bid Form along with acceptance of terms of conditions of this notice and EMD details (UTR No.) the copy of identity proof which should contain the address for future communication (Voter id/ Driving Licence/Passport) & PAN card should reach the Authorised Officer at the address given above ON OR BEFORE 22.04.2014. 4. Bid form and terms and conditions of E-auction can be obtained from Punjab National Bank, Circle Office: Kozhikode, Mini By pass Road, Govindapuram, Kozhikode, Pin- 673016 or downloaded from the e-auction website www.e- auctions.in and www.pnbindia.in . 5. The envelope containing request letter, the EMD details (UTR No.) should be superscribed “A/c M/s DEVAYANA AYURVEDIC MEDICINES AND DR. VINOD KRISHNAN K T ” alongwith the address, e-mail Id, mobile number (E- mail ID of the prospective bidder is absolutely necessary, as all the relevant information and allotment of password will be conveyed through e-mail). 6. Prospective bidders are required to obtain User- id & Password, which is mandatory, for bidding in above E-Auction from M/s Nextenders. Passwords will be allotted to only those bidders who fulfil all the terms and conditions of the E-Auction and have deposited the requisite EMD. They should also contact the service provider through their E-Mail: [email protected] or through Phones: 09167246751 / 020-25315555 / 020-25315556 sufficiently early & get online e-auction training from them. The participating bidders will have to submit their offers/bids by logging into the said website and the sale price will be finalized through online e-auction process. 7. The undersigned reserves the right to accept or reject any or all bids, if not found acceptable or to postpone the auction at any time without assigning any reason whatsoever and his decision in this regard shall be final. 8. Bidders have to make their own arrangements for accessing the e-auction site on the date & time as mentioned above. Bidders are also advised to make their bids within 5 minutes after the last bid as the auction will come to a close if there are no bids during the last 5 minutes of the closing time. However if there is a new bid during the last 5 minutes of the closing time, the e-auction will get extended by another 5 minutes. In such a situation, the auction will extend beyond the scheduled closing time and will come to a close till there are no new bids in the next 5 minutes after the last bid. 9. In case there are bidders who do not have access to the internet access but interested in participating the e-auction, they can approach our Circle Office who as a Facilitating office shall make necessary arrangements. Such bidders may contact our Nodal Officer sufficiently early for the same. 10. Neither Punjab National Bank nor Service Provider will be responsible for any lapses /failure (internet failure, power failure etc), during the e-auction time. In order to ward-off such contingent situations, bidders are requested to make all the necessary arrangements / alternatives whatever required so that they are able to circumvent such situation and still be able to participate in the E- Auction successfully. 11. The successful bidder shall deposit 25% of the bid amount (including EMD) by RTGS/NEFT to the designated account number mentioned in clause 2 of this notice within 24 hours on the e-sale being finalized in his / her favour and the balance amount 75% of the bid amount shall be payable within 15 days from the date of auction/such extended period as agreed upon by the highest bidder and the bank. 12. In case the successful bidder fails to deposit 25% of the bid amount or the balance amount within the specified time frame as aforesaid, the entire deposit amount made by the bidder including EMD shall be forfeited by the Authorised Officer without any notice and the property shall forthwith be put up for sale again and resold by the Bank. The defaulting purchaser shall forfeit all claims to the property or to any part of the sum forwhich it may subsequently be sold. 13. For the reasons recorded, it shall be in the discretion of the Authorised Officer to adjourn/ discontinue/ postpone/ cancel the sale proceedings without assigning any reason thereof. The Authorised Officer also reserves the right to modify any terms and conditions of the advertisement/sale at his discretion without prior notice. 14. The Bank is not liable to pay any interest/ refund of EMD in case of any delay in issue of confirmation of sale/ Sale Certificate by virtue of any Court Order received after e-auction is held. 15. The sale certificate shall be issued in the same name in which the auction is made. 16. The EMD deposited by the unsuccessful bidders shall be refunded to them without any interest to the account from which RTGS/NEFT was remitted within 5 days from the date of closure of the E-auction sale proceedings. 17. The successful bidder should bear the charges / fee payable for conveyance such as stamp duty, registration charges etc as applicable as per Law. The successful bidder sh all also pay other statutory dues / taxes that may be due for payment to local authorities etc as well as arrears of electricity charges, water charges etc. 18. The particulars specified in the schedule above have been stated to the best of the information of the undersigned, but the undersigned shall not be answerable for any error, mis-statement or omission in this notice.The prospective bidders may satisfy themselves about the condition of the assets/value measurements etc. 19. The decision of the Bank regarding sale of the above property shall be final. The sale in favour of highest tenderer shall be subject to confirmation by the competent authority of the Bank and also subject to litigation if any, pending as on the date of sale. 20. Bidders are advised to go through the website of the E-Auction Service Provider/Vendor M/s. Nextenders India for detailed terms and conditions for auction sale before submitting their bids and taking part in the E-Auction sale proceedings and/or contact Shri Ram Mohan R, Senior Manager, Nodal Officer, Punjab National Bank, Recovery Department, Circle Office, Mini By pass Road, Govindapuram Kozhikode, Pin-673016 Telephone-0495-2740961. 21. This is also a notice to the borrower/ guarantor of the above said loan about holding of this sale on the above mentioned date if their outstanding dues are not paid in full. 16. For Further Sri P Prem Kumar, Chief Manager , Recovery Department, Circle Office,Mini By Pass Information Road, Govindapuram, Kozhikode, Pin-673016 Phone- 0495-2740961 17.
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