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Sale Notice for Sale of Movable Properties Date & Time of E-Auction

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Sale Notice for Sale of Movable Properties Date & Time of E-Auction Taraori Branch Address and Contact Info: Union Bank Of India , Badam Singh Complex, Mandi Road, Taraori, District Karnal Haryana-132116 [See proviso to rule 6 (2)] Sale notice for sale of movable properties E- auction Sale Notice for Sale of Movable assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 6(2) of the Security Interest ( Enforcement ) Rules, 2002. Notice is hereby given to public in general and to the borrower(S) and Guarantor(S) in particular ,that the under mentioned movable properties Hypothecated /Pledged / Charged to Union Bank of India, Taraori Branch , the physical possession of which has been taken by the Authorised Officer of Union Bank of India, Regional Office Karnal , will be sold on 11.12.2018 , As Is Where Is”, As is What Is, and “Whatever There Is” for recovery of an amount of Rs.2,45,87,343.28 as on 31.08.2018 ( Rupees Two Crores Forty Five Lacs eighty seven thousand three hundred forty three and paise twenty eight only) with other interest and other expenses w.e.f 01.09.2018 due to the Union bank of India , Taraori Branch from M/s Monika Freshway Foods. Pvt. Ltd. The reserve price kept and the earnest money to be deposited is as follows : For detailed terms and conditions of the sale, please refer to the link provided in Union Bank of India website i.e. www.unionbankofindia.co.in The interested bidders may contact the Authorized officer Sh. Jitesh Kumar Kothari (Chief Manager Regional Office Karnal ) for ascertaining the details of auction and inspection of property . Contact no. 9099931676 and email id. [email protected] on 07.12.2018 between 10.00 am to 05.00 pm Date & Time of E-Auction 11.12.2018 From 11.00 AM to 12.00PM Lot Name of the account Description of the Reserve price No. Property Branch Name Debt Due with interest and EMD costs Bid Increment Amount by Last Date of Submission of Bids Details of encumbrances over the property, as known to the Bank 1. M/s Monika Freshway All that parts and Parcel of Rs.72,45,000.00 Foods Pvt. Ltd. the Plant and Machinery Addressed as Bir Badalwa and misc. Fixed assets ( Rs.7,24,500.00 Road ,Village Bhola relating to Rice Mills lying Khalsa , Tehsil Nighdu, at M/s Monika Freshway Rs. 5000.00 Karnal Foods Pvt. Ltd. Addressed Shri Ramesh Chand as Bir Badalwa Road 10.12.2018 before 5.00 pm. Sharma s/o Shri Agya ,Village Bhola Khalsa , Ram Sharma r/o House Tehsil Nighdu, Karnal Nil. No. 7, Gali No. 2, Hargovindnagar, Salarpur Road, Kurukshetra Shri Naresh Kumar Sharma s/o Shri Agya Ram Sharma Shri Vinod Kumar s/o Shri Agya Ram Sharma ( Both above named persons are residents of Village Bhola Khalsa , Tehsil Nigdu, District Karnal ) Taraori Branch Rs.2,45,87,343.28 as on 31.08.2018 + cost / expenses incurred and future interest w.e.f. 01.09.2018 Statutory 30/15 days sale notice under Rule 6(2) of Statutory Interest ( Enforcement ) Rules, 2002 This may also be treated as notice u/r 6(2) of Security Interest (Enforcement) Rules, 2002 to the borrower/s, Mortgagor/s and guarantor/s of the below said loan about the holding of E- Auction sale on the above mentioned date. Place:Taraori , Karnal Authorized officer, Date:22.11.2018 Union Bank of India Taraori Branch TERMS AND CONDITIONS OF ONLINE E- AUCTION SALE 1. The Property is being sold on ―AS IS WHERE IS, WHATEVER THERE & WITHOUT RECOURSE BASIS. As such sale is without any kind of warranties & indemnities. 2. Particulars of the property / assts (viz. extent & measurements specified in the E-Auction Sale Notice has been stated to the best of information of the Bank and Bank shall not be answerable for any error, misstatement or omission. Actual extant & dimensions may differ. 3. E-Auction Sale Notice issued by the Bank is an invitation to the general public to submit their bids and the same does not constitute and will not be deemed to constitute any commitment or nay representation on the part of the Bank. Interested bidders are advised to peruse the copies of title deeds with the bank and to conduct own independent enquiries /due diligence about the title & present condition of the property / assets and claims / dues affecting the property before submission of bid/s. 4. Auction/bidding shall only be through “online electronic mode” through the website https://ubi.auctiontiger.net” provided by the service provider M/s E- Procurement Technologies Limited ( Auction Tiger )who shall arrange & coordinate the entire process of auction through the e-auction platform. 5. The bidders may participate in e-auction for bidding from their place of choice. Internet connectivity shall have to be ensured by bidder himself. Bank/service provider shall not be held responsible for the internet connectivity, network problems, system crash own, power failure etc. 6. For details, help, procedure and online bidding on e-auction prospective bidders may contact the service provider M/s E- Procurement Technologies Limited ( Auction Tiger ) Addressed as A- 801, Wall Street-2, near Gujarat College, Opposite Orient Club, , Ellis Bridge, Ahmedabad-380006, Gujarat , India. Contact Info: MR. Kushal Kothary, Sh. Sachin Sharma and Sh. Nitish Jha email ids. [email protected], [email protected], 9978591888, 9988137576, 7982880393, 079- 40005416-18 7. For participating in the e-auction sale the intending bidders should register their details with the service provider M/s E- Procurement Technologies Limited ( Auction Tiger )well in advance and shall get the user id and password. Intending bidders are advised to change only the password immediately upon receiving it from the service provider. 8. For participating in e-auction, intending bidders have to deposit a refundable EMD of 10% of reserve price by way of RTGS/NEFT/Funds Transfer to the credit of Account No. 628001980050000 Union Bank of India ,Taraori Branch through IFSC Code UBI N0562807or by DD/ Pay order favoring Union Bank of IndiA ,Taraori Branch payable at Taraori. 9. The intending bidders should submit the duly filled in Bid Form (format available in the above website) along with the DD / PO / quoting the UTR No. of NEFT/RTGS remittance towards EMD in a sealed cover addressed to the Authorized Officer, Union bank of India , Taraori Branch latest by 5.00 PM on 10.12.2018 The sealed cover should be super scribed with “Bid for participating in E-Auction Sale- in the A/c of M/s Monika Freshway foods Pvt. Ltd - Plant and Machinery ”. 10. After expiry of the last date of submission of bids with EMD, Authorised Officer shall examine the bids received by him and confirm the details of the qualified bidders (who have quoted their bids over and above the reserve price and paid the specified EMD with the Bank) to the service provider M/s E- Procurement Technologies Limited ( Auction Tiger )to enable them to allow only those bidders to participate in the online inter se bidding /auction proceedings at the date and time mentioned in E-Auction Sale Notice. 11. Inter-se bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders. During the process of inter-se bidding, there will be unlimited extension of “10” minutes each, i.e. the end time of e- auction shall be automatically extended by 10 Minutes each time if bid is made within 10 minutes from the last extension. 12. 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 alone. 13. Immediately upon closure of E-Auction proceedings, the highest bidder shall confirm the final amount of bid quoted by him BY email/ FAX both to the Authorised Officer, Union Bank of India, Taraori Branch and the Service Provider for getting declared as successful bidder in the E-Auction Sale proceedings. 14. The successful bidder shall deposit 25% of the bid amount (including EMD) on the same day of the sale, being knocked down in his favour and balance 75% of bid amount within 15 days from the date of sale by RTGS/NEFT/Funds Transfer to the credit of Account No. 628001980050000 Union Bank of India ,Taraori Branch through IFSC Code UBI N0562807, or by DD/ Pay order favoring Union Bank of IndiA ,Taraori Branch payable at Taraori. 15. In case of default in payment of above stipulated amounts by the successful bidder / auction purchaser within the stipulated time, the sale will be cancelled and the amount already paid (including EMD) will be forfeited and the property will be again put to sale. 16. At the request of the successful bidder, the Authorised Officer in his absolute discretion may grant further time in writing, for depositing the balance of the bid amount. 17. Municipal / Panchayat Taxes, Electricity dues (if any) has to be paid by the successful bidder before issuance of the sale certificate. Bids shall be made taking into consideration of all the statutory dues pertaining to the property. 18. Sale Certificate will be issued by the Authorised Officer in favour of the successful bidder only upon deposit of entire purchase price / bid amount and furnishing the necessary proof in respect of payment of all taxes / charges. 19. Applicable legal charges for conveyance, stamp duty, registration charges and other incidental charges shall be borne by the auction purchaser. 20. The Authorized officer may postpone / cancel the E-Auction Sale proceedings without assigning any reason whatsoever.
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