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2Nd Floor, Sayajigunj, Near Kala Ghoda Circle, Vadodara, Gujarat.Ph.0265-2225286

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2Nd Floor, Sayajigunj, Near Kala Ghoda Circle, Vadodara, Gujarat.Ph.0265-2225286 2nd Floor, Sayajigunj, Near Kala Ghoda Circle, Vadodara, Gujarat.Ph.0265-2225286 To: 1) M/s.Proventus Ager India Pvt. Ltd. Private Limited company 22-23, Amarjyot Duplex, Opp.Someshwar Society, Sama, Vadodara. 2) Shri Doraprasad Nimmagadda Director, guarantor and mortgagor 8, Pancham Pushp, Near Vedant Villa, Gotri Road, Vadodara. 3) Smt.Aruna Doraprasad Nimmagadda Director, Guarantor and Mortgagor 8, Pancham Pushp, Near Vedant Villa, Gotri Road, Vadodara. 4) Shri Vijay Nimmagadda Director, guarantor 8, Pancham Pushp, Near Vedant Villa, Gotri Road, Vadodara. 5) Shri Bharatkumar Bhavsar Guarantor and mortgagor A-16, Narayan Greens, Sama Savli Road, Opp.Lileriya, Behind Petrol Pump, Vadodara. 6) Smt.Hastika Dilip Bhavsar Guarantor and mortgagor B-67, Hastdeep Rajlaxmi Society, O.P.Road, Opp.Baroda Heart, Vadodara. 7) Ms.Monal Dilip Bhavsar Guarantor and mortgagor B-1/86, Manorath Society, Opp.Amar Complex, New Sama Road, Vadodara. 8) Smt.Hetal Bharatkumar Bhavsar Guarantor and mortgagor A-16, Narayan Greens, Sama Savli Road, Opp.Lileriya, Behind Petrol Pump, Vadodara. 9) M/s.Jay Agro Industries Corporate Guarantor and Mortgagor 1043, GIDC, Waghodia Road, Vadodara. Dear Sir/Madam, Sub: Notice of 30 days for sale of immovable secured assets under Rule 8of the Security Interest (Enforcement) Rules, 2002. 1. Union Bank of India,NIZAMPURA Branch the secured creditor, caused a demand notice under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the AuthorisedOfficer, has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002. Symbolic Possession has been taken and notice was also affixed to the properties mortgaged with the Secured Creditor, apart from publication of the same in newspapers. Please note that as per the said demand notice you were informed about your right to redeem the property within the time available under Section 13(8) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession of by the Authorised Officer, will be sold by holding public E-auction on 26-03-2021at 1:00 p.m. onwards by inviting Bids from the public through online mode on www.mstcecommerce.com. 3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will be conducted through E-Auction mode on the date and time mentioned in the enclosed terms of sale. Date :18.02.2021 AUTHORISED OFFICER TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS: 1. Name the Borrower, Co- M/s.Proventus Ager India Pvt. Ltd. Applicant and Guarantor Shri Doraprasad Nimmagadda Smt.Aruna Doraprasad Nimmagadda Shri Vijay Nimmagadda Shri Bharatkumar Bhavsar Smt.Hastika Dilip Bhavsar Ms.Monal Dilip Bhavsar Smt.Hetal Bharatkumar Bhavsar M/s.Jay Agro Industries 2. Name and address of the Secured Creditor : UNION BANK OF INDIA 2nd Floor, Sayajigunj, Near Kala Ghoda Circle, Vadodara, Gujarat.Ph.0265- 2225286 3. Description of immovable secured assets to be Sold 1) Duplex bungalow at 1/1, ShilpTenaments, Besides Shreeji Villa-II, Near Sayaji Township, Khodiyar Nagar Crossing, New VIP Road, Vadodara superbuiltup area 112 sqmtr 2) Duplex Bungalow at 26/B, in ParnaVatika Bungalows, Opp. Tapovan Society, Waghodia Road, Vadodara area-139.41 sqmtr 3) Flat No. A/301, on 3rd Floor of Shukan-III, (On land bearing R S No. 195, TPS-9, F P No. 150) Near Rishi Mandap, Water Tank, Karelibaug, Vadodara superbuilt up area 133 sqmtr 4) Duplex Bungalow at 27/B, in ParnaVatika Bungalows, Opp. Tapovan Society, Waghodia Road, Vadodara area 139.40 sqmtr 5) Residential House situated at Block No B/30, Amarjyot Duplex, Near Chanakayapuri, New Sama Road, Baroda area 97.30 sqmtr 6) Factory land & building at Plot no. 1008, GIDC Industrial Estate, Waghodia, Vadodara area 1500 sqmtr 7) Factory land & building at Plot no. 1009, GIDC Industrial Estate, Waghodia, Vadodarasuperbuiltup area 112 sqmtr 8) Factory land & building at Plot no. 1011, GIDC Industrial Estate, Waghodia, Vadodara area 1500 sqmtr 9) Factory land & building at Plot no. 1039, GIDC Industrial Estate, Waghodia, Vadodara area 1000 sqmtr 10) Land and Building, Plot no. 16 & 17, GIDC Industrial Estate, Waghodia, Vadodara area 2000 sqmtr 11) Factory Land & Building situated at Plot No. 1040, GIDC, Waghodia, Dist: Baroda area 2000 sqmtr 12) Factory Land & Building situated at Plot No. 1042, GIDC, Waghodia, Dist: Baroda area 1500 sqmtr 13) Factory Land & Building situated at Plot No. 1043, GIDC, Waghodia, Dist: Baroda area 1500 sqmtr 4.The details of encumbrances, Not Known if any known to the Secured Creditor 5. Last date for submission of On or before the commencement of eAuction. EMD 6. Date & Time of auction 26.03-2021from 1:00 p.m. to 5:00 p.m.(with 10 min unlimited auto extensions) E-auction website-www.mstcecommerce.com 7.The secured debt for the Rs.736.04 lacs/- plus interest and other expenses thereafter. recovery of which the immovable secured asset is to be sold: 8.1Reserve pricefor the Property Details Reserve price properties below which the EMD immovable property may not be Rs 74.00 lacs sold: 1) Duplex bungalow at 1/1, ShilpTenaments, Besides Shreeji Villa-II, Near Sayaji Township, Rs 7.40 lacs Khodiyar Nagar Crossing, New VIP Road, Vadodara superbuiltup area 112 sqmtr 2) Duplex Bungalow at 26/B, in ParnaVatika Rs70.00 lacs Bungalows, Opp. Tapovan Society, Waghodia Rs 7.00 lacs Road, Vadodara area-139.41 sqmtr 3) Flat No. A/301, on 3rd Floor of Shukan-III, Rs 60.00 lacs (On land bearing R S No. 195, TPS-9, F P No. Rs 6.00 lacs 150) Near Rishi Mandap, Water Tank, Karelibaug, Vadodara superbuilt up area 133 sqmtr 4) Duplex Bungalow at 27/B, in ParnaVatika Rs 80.00 lacs Bungalows, Opp. Tapovan Society, Waghodia Rs 8.00 lacs Road, Vadodara area 139.40 sqmtr 5) Residential House situated at Block No Rs 55.00 lacs B/30, Amarjyot Duplex, Near Chanakayapuri, Rs 5.50 lacs New Sama Road, Baroda area 97.30 sqmtr Rs200.00 lacs 6) Factory land & building at Plot no. 1008, Rs 20.00 lacs GIDC Industrial Estate, Waghodia, Vadodara area 1500 sqmtr Rs 170.00 lacs 7) Factory land & building at Plot no. 1009, Rs 17.00 lacs GIDC Industrial Estate, Waghodia, Vadodarasuperbuiltup area 112 sqmtr Rs140.00 lacs 8) Factory land & building at Plot no. 1011, Rs 14.00 lacs GIDC Industrial Estate, Waghodia, Vadodara area 1500 sqmtr Rs110.00 lacs 9) Factory land & building at Plot no. 1039, Rs 11.00 lacs GIDC Industrial Estate, Waghodia, Vadodara area 1000 sqmtr Rs300.00 lacs 10) Land and Building, Plot no. 16 & 17, GIDC Rs 30.00 lacs Industrial Estate, Waghodia, Vadodara area 2000 sqmtr Rs205.00 lacs 11) Factory Land & Building situated at Plot Rs 20.50 lacs No. 1040, GIDC, Waghodia, Dist: Baroda area 2000 sqmtr Rs 200.00 lacs 12) Factory Land & Building situated at Plot Rs 20.00 lacs No. 1042, GIDC, Waghodia, Dist: Baroda area 1500 sqmtr 13) Factory Land & Building situated at Plot Rs195.00 lacs No. 1043, GIDC, Waghodia, Dist: Baroda area Rs 19.50 lacs 1500 sqmtr Sq Ft 9. 1. Registration The Online E-Auction will be held through web portal/website www.mstcecommerce.comon the date and time mentioned abovewith unlimited extension of 10 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. Help Desk 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 atfree 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 Mr.
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