Zonal Stressed Assets Recovery Branch Website: Www
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Zonal Stressed Assets Recovery Branch 2nd Floor, (Erstwhile Vijaya Bank Tower), 41/2, M G Road, Trinity Circle, Bengaluru – 560 001. India फन / Phone: 080 25011568, Website: www.bankofbaroda.in Email: [email protected] E -AUCTION SALE NOTICE Notice is hereby given to the public in general and to the Borrower/s and Guarantor/s in particular by the Authorized Officer, Regional Stressed Assets Recovery Branch, Bank of Baroda, Bengaluru that the under mentioned property mortgaged to Bank of Baroda, taken possession under the provision of Section 13(4) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by e- Auction as mentioned below for recovery of under mentioned dues and further interest, charges and costs etc., as detailed below: Name and address of the borrower/mortgagor: (1).M/S Bhavana Farms represented by its partners Mr. Sreenivasa, S.Uma & S Anitha situated at No 208,11th Main, Mahalakshmi Layout, Bnagalore560086, (2).Mr. N Sreenivas, Residing at No.296,16th Cross, Sadashivanagar,Bangalore-560080 (3) Mrs. Uma, Receding at No.296, 16th Cross, Sadashivanagar, Bangalore-560080. (4).Mrs. Anitha Receding at No.296, 16th Cross, Sadashivanagar, Bangalore-560080. Description of the property: “All that piece and parcel of the EM of Property bearing Municipal No.17 (old No.315) Situated at 15th cross Road, Sadashivanagar, and Municipal Ward No.99 of Aramane Nagar, Bangalore and Measuring East to West: 61 Feet and North to South: 40 Feet totally admeasuring 2440 Sq. Feet along with construction thereon belonging to Mr. N. Sreenivasa and S. Uma and bounded by: East By: Property Bearing No.303, North By: Property Bearing No.314,WestBy: Road, South By: Road” Balance outstanding from borrower as on Rs.1,14,47,662.63/- (Rupees One CroreFourteen Lakhs Forty Seven 03-03-2020. Thousand Six Hundred Sixty Two and Sixty Three Paisa Only) as on 03-03-2020 plus Further interest and other charges. Date, time & portal for e-auction (with unlimited Date: 26.03.2020 Time: 01:00 pm to 03:00 pm extension of five minutes duration on each bid) & Bid Portal: https://bob.auctiontiger.net increment amount Rs.50,000/- (Rupees Fifty Thousand Only) Reserve price & Earnest Money Deposit (EMD) amount Reserve Price: Rs.8,45,00,000/- (Rupees Eight Crore Forty Five Lacs Fifty Thousand only). EMD: Rs.84,50,000/- (Rupees Eighty Four Lakhs Fifty Thousand only). Last date and time of receipt of EMD and Bank a/c Date: 24.03.2020 Time: 5:00 pm details with IFSC for transfer of EMD Bank Name: Bank of Baroda Branch Name: Brigade Road Branch, Bangalore Bank a/c Name: Arm Branch Expenses Ac Bank a/c No: 12510400000118 IFSC: BARB0BRIGAD (Fifth digit is Zero) Important Terms and conditions of sale: 1. The immovable property will be sold on “AS IS WHERE IS and WHATEVER THERE IS” and “WITHOUT RECOURSE” basis and will not be sold below reserve price. 2. The interested bidders are advised to visit the portal https://bob.auctiontiger.net for detailed terms and conditions of e-auction sale and may contact Authorized Officer for further details on telephone no: 080-25011210, 25011568 and mobile:9666556556. 3. Only those bidders having valid Login ID and Password on e-auction portal and has confirmed payment of EMD and uploaded their KYC details on e-auction portal will only be permitted to participate in the e-auction. 4. Interested bidders requiring any assistance in creating Login ID and Password, uploading documents, submitting bid and training on e-bid process may contact M/s E-Procurement Technologies Limited, B-704, Wall Street-II, Opp. Orient Club, Near Gujarat College, Ellis Bridge, Ahmedabad – 380006 Gujarat over Helpline no: 079-61200552/530/520/515/500 and Vijay Shetty – 9619002431 / Tilak Maratha – 6351896832, Toll Free:18001035342 E-mail: [email protected] 5. Sale shall be confirmed in favour of the purchaser who has offered the highest sale price in his bid and shall be subject to confirmation by the secured creditor. 6. Authorized Officer reserves the right to postpone/cancel/vary the terms and conditions of the e-auction without assigning any reason thereof and his decision shall be final in this regard. 7. Due care has been taken by the Authorized Officer to include all relevant particulars of the secured asset herein above and neither the Authorized Officer nor the Secured Creditor shall be liable for any error, omission or misstatement in this sale notice. 8. The successful bidder should deposit 25% of the bid amount (including EMD) on the same day of the sale, being knocked down in his favor and balance 75% of bid amount within 15 days after the sale date by RTGS/NEFT/Funds Transfer to the credit of A/C 12510400000118, Bank of Baroda, Brigade Road Branch, Bangalore through IFSC Code “BARB0BRIGADE “or by Demand Draft /Pay Order in favour of Bank of Baroda, ZOSAR Branch payable at Bangalore. 9. The successful bidder shall bear the charges payable for conveyance, Registration fee, stamp duty etc., as per applicable laws in State. 10. Bids once made shall not be cancelled or withdrawn. All bids made from the user ID given to bidder will be deemed to have been made by him only. 11. Prospective bidders are advised to persue the copies of Title deeds with the Bank and verify the latest Encumbrance Certificate and other Revenue/Municipal records to exercise due diligence and satisfy themselves on the Title and Encumbrances, if any over the property. 12. All bidders shall be deemed to have read and understood the terms and conditions of sale and be bound by them The intending bidders may contact Bank of Baroda, ZOSARB, Vijaya Towers, 2nd Floor, No.41/2, Trinity Circle, M G Road, Bangalore-560 001, for ascertaining the details of property and also for inspection of property on the date fixed by the Bank (Contact No: 080- 25011210, 25011204 and mobile:9666556556) ,Email ID: [email protected]/ [email protected], Date: 05.03.2019 -SD- Place: Bengaluru Authorised Officer .