FEDERAL BANK YOUR PERTEC] BANKING PARTNER TCRD KOLHAPUR DIVISION

LCRD/KH RL/s90/2020-21 Date:24/02/2O2L

SALE NOTICE

NOTICE FOR SAI.E OF IMMOVABTE PROPERW ISSUED UNDER THE SECURITISATION AND RECONSTRU CTION OF FINANCIAT ASSETS AND ENFORCEM ENT OF SECURITY INTEREST ACT 2002, ( he re in after referred to as Act r w SECURITY INTEREST ENFORCEMENT) RUTES. 2002 (hereinafter referred to as Rules),

Whereas, The Authorized officer of the Federal Bank Ltd. under the Act issued a demand notice dated 22lo8l2olg calling upon the borrower (s) (1) Mr. Prasad Prakash Kedari, at -510, Kedari Road, Kedari Building, camp ,,Lotus Bhopale Chowk, 411 001. And also at Shop No, I and 2 in Apartment Arena,,. Wing B, First floor in sy. No. 50/7, Near Bollywood Theater, -pune, Taluka Haveli, Dist pune - 4u 014. (2) Mr. Prakash Narayan Kedari, at -510, Kedari Road, Kedari Building, Camp Bhopale Ghowk, pune 411 .,Lotus 001.And also at Shop No. l and 2 in Apartment Arena,,. Wing B, First floor in Sy. No. 5O/7, Near Boflywood Theater, vadgaon sheri-Pune, Taluka Haveli, Dist pune - 4L1- oL4 to pay the amount mentioned in the notice being { 1,31,58,405/- (Rupees one crore Thirty one takh Fifty EiSht rhousand Four Hundred Five Only) in Federal Rent Securitisation Loan account No 15007500002974 together with interest thereon @ 14.55 % per annum with monthly rests from 2Slo&l2otg till payment being the amount due under the above Loan Accounts availed of by them from our Br. pune/ within 60 days from the date of receipt of the said notice.

Whereas the borrower(s) and/or guarantor (s) and/or defaulters having failed to repay the amount within the stipulated time, the authorized officer on behalf of the Federal Bank Ltd. has taken possession of the property described herein below in exercise of powers conferred under section 13(4) of the said Act read with Rule 8 of the said Rules on 08/11/2019 by issuing a notice to the borrowers/defaulters and general public and publication thereof in news papers as contemplated under the said Act and Rules.

The undersigned hereby give notice to the borrower(s) and/orguarantor (s) and/or defaulters and general public that the Bank has decided to sell on 3oth Day of March 2021 the property described herein below on " AS ls WHERE ls BASI5 " under Rules 8 & 9 of the said Rules for realizing the dues of { 1,1G,88,005.25 (Rupees One Crore Sixteen Lakhs Eighty Eight Thousand Six Hundred Five and Paisa Twenty Five Only) in the Federal Rent Securitisation Loan account No 1500760q)02974 with interest @13.90 % monthly rest ftom 3Ll03l2OZL till realization and thus the undersigned hereby invites from interested parties the sealed tenders for purchasing the property subject to the terms and conditions mentioned hereunder.

"While we call uwn you to dischorqe liobilitv as obove bv vment of the entire dues to the Bonk toqethet with intercst, oll costs, choroes ond expenses incurred bv the bank till rcpovment ond redeeln the secured ossel within the oeriod mentioned obove, Please toke imoortdnt note thdt as per sedion 7318t of the SARFAESI Ad 2U)2. lds the rioht of redemDtion of secured osset will be ovoiloble to onlv tilt the dote of of notice for oublicotion or tn tenders from Dublic or orivote treotu for tronsfer bv wov of leose. ossianment ot sole ofthe secured asset." (

Lcrd/ lJ- Kolhapur x Division

The Federal Bank Ltd. *dnch: LCRD Kolhoput Division,751/8, Roviwot Peth, Azod Chowk, Kolhapur-416072, Phone No.237-2668473, Email ld:[email protected], FEDERAI. BANI( YOUR PERfECT BANKING PARlNER tCRD KOLHAPUR DIVISION

DESCRIPTION OF MORTGAGED IMM OVABLE PROPERTY

All that piece & parcel of Showroom on upper ground floor admeasuring about 278.81 sq. Mtr/ 3(x)O sq.Ft. carpet i.e,335 sq. Mt/3600 sq.Ft Built up(leased premises, out of total 2923 sq.Ft. alont with loft/mezzanine carpet area admeasuring about 139,35 sq,Mt /l5oo sq.Ft. carpet i.e.167 sq. Mt/lsoo Sq. Ft Built up(Leased premises out of total 1407 Sq Ft.)along with 4 car/ Scooter parking space in upper parking no. 1,2,3,4 admeasuring 95 sq. ft.i.e.8.91 sq. Mtr. in Apartment named as "Lotus Arena". wing B, First floor in sy. No. 50/7, Near Bollywood Theatre, village vadgaon sheri (pune), Taluka Haveli, Dist Pune - 411 014. shop Property bounded as - To the East: By Road, To the south: By open space, To the West: By Staircase and To the North: By Open space.

Boundaries of the Property - To the East: By 60 ft. Road, To the south: By s.No, 50, Hissa no, 10, To the West: By S.No.50, Hissa no. 6 and To the North: By S, No. 50, Hissa no. 5

(Also, the aforesaid security property is modgaged to FKCC loan account no 15OO5SO00O2O94 in the name of Mrs. Lila Prakash Kedari with the same pune-Kothrud branch of the Bankl,

@@The d propertv is Ieased to state Ba nk of lndia ue to tologl2028 bv registered lease deed and Dresently occupied bv the lessee.

Place of Auction & The Federal Bank Ltd, Branch Pune/Kothrud, Ground Floor, Nirmal plaza, Availability of Tender Forms Opp. Vanaj lndustry, Road, Kothrud, pune, , 411 038

Terms and Conditions

a. The reserve price below which the property will not be sold is t 9,7o,@,wl- (Rupees Three Crore Seventy Lakhs Only). b. The intending purchasers shall submit /send to the undersigned their tender quoting the price offered by them in a sealed cover along with a Demand Draft favouring The Federal Bank Ltd. payable at Pune for { 37,m,0(x)/- (Rupees Thirty-seven Lakhs only) being earnest money equivalent lo lo % of the Reserve Price of the property concerned, which is refundable if the tender is not accepted.

c. Tenders which are not duly sealed and are not accompanied by Demand Draft as afore stated will be summarily rejected. d. The sealed covers containing tender shall reach the undersigned before 3.oo p M. on 26th March 2021. e. The antending purchasers shall be present before the undersigned at rhe Federal Bank Ltd, Branch Pune/Kothrud, Ground Floor, Nirmal plaza, Opp. Vanaj lndustry paud Road, Kothrud, Pune, Maharashtra, Pune, Maharashtra, 411 038 on 30th March 2021 at 11.30 A.M. when the tenders will be opened. f. After opening the tender, the intending bidders may be given opportunity at the discretion

authorized officer to have, interse bidding among themselves to enhance the price !.-! Lcrd/ lu- Kolhapur x Dvision . * The Federdl Bonk Ltd. Btdnch: LCRD Kolhapur Division,TST/8, Rdviwdt peth, Azad Chowk, Kolhapu1476072, Phone No.237-2658473, Emoil ld:[email protected], FEDERAI. BANK YOUR PERTICT BANKING PARTNER LCRD KOLHAPUR DIVISION

g' The successful bidder shall deposit 25% of the bid amount / sale price inclusive of the EMD immediately on acceptance of his tender/ offer by the Bank and the balance 75% within 15 days, failing which the entire deposit made by him shall be forfeited without any notice and the property concerned will be re-sold. h. All payments shall be made by way of Demand Draft drawn in favour ofrhe Federal Bank Ltd. payable at Pune. i. The successful bidder shall bear the entire charges / fees payable for conveyance such as stamp duty, Registration fee etc. as applicable as per Law. j. No encumbrance in respect of the property has come to the knowledBe and information of the Bank. The Bank will not be held responsible for any charge, lien and encumbrance, property tax or any other dues etc. to the Govt. or anybody in respect of the property under sale. The society charges and the other encumbrances, if any should be cleared by the purchaser of the property. k. The tenders offering price below the Reserve price mentioned above will be reiected. l. The Authorized officer has the absolute right to accept or reject the bid/ all or any tender including the highest tender or adjourn /postpone the sale without assigning any reason. The decision of the Authorized Officer/Bank shall be final. m. The intending purchasers can inspect the properties between 2.00 pM and 4.oo pM on 156 March 2021. The intending purchasers who wish to inspect the property and / or know further details / conditions may contact: The Federal bank Ltd, Br. pune/Kothrud, Ground Floor, Nirmal Plaza, Opp. Vanaj lndustry, Paud Road, Kothrud, pune, Maharashtra, pune, Maharashtra, 411 038. Phone No.02G25390058, Mob No.99G0O51934 & 8669731676 n. The buyer should satisfy himself/herself/itself as to the title, ownership, statutory approvals, extend etc of the property, before participation in the auction.

o. @@The sale is subject to terms and condition of registered lease deed no 12168/2013 dated 27 /7Ol2Ol3 between State bank of lndia and Mr. Prasad Prakash Kedari as well as Mr. prakash Narayan Kedari.

Dated this the 24th Day of February202l.

For, The Federal Bank Ltd, ( :.tdl II l",cihapur x Assistant Vice P nt&Di ision Head Dvlsron (Authorised officer under SARFAESI Act) *

The Federal Bonk Ltd. Brunch: LCRD Kolhapur Division,751/8, Raviwor peth, Azad Chowk, Kolhdpu14l60l2, Phone No.237-2668473, Email [email protected],