NODAL REGIONAL OFFICE, ERNAKULAM 2ND FLOOR , UNION BANK BHAVAN, M G ROAD, COCHIN 682035 PHONE: 0484 2385 /0484 2385229/0484 2385201 NRO/EKM/CRLD/ /2019. Date:20.08.2019. 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, that the under mentioned property mortgaged to Union Bank of India, Piravom Branch, 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. The property is being sold on “AS IS WHERE IS WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” as such sale is without any kind of warranties and indemnities. The under mentioned property will be sold by “Online E- Auction through website: https://ubi.auctiontiger.net on 27.09.2019 for recovery of a total amount of Rs. 12,62,958/-(Rupees Twelve lakhs sixty two thousand nine hundred fifty eight only ) as of 19-08-2019 together with interest and costs from 20.08.2019 till the date of payment in the Account of Mr.Yeldho Babu Paramban with our Piravom Branch. Details of the Borrowers and Guarantors:- Mr.Yeldho Babu Paramban, Parambath House, Thiruvaniyoor.P.O., Ernakulam.PIN- 682308. Reserve Price : Rs.12,00,000/-(Rupees Twelve Lacs only) Earnest Money Deposit(EMD) : Rs.1,50,000/-(Rupees One Lac fifty thousand only) Last date of submission of bids : 26.09.2019 up to 05.00 P.M. Bid Increment amount : Rs.50,000/-(Rupees Fifty thousand only) Debt Due with interest and cost : Rs. 12,62,958/-(Rupees Twelve lakhs sixty two thousand nine hundred fifty eight only ) as of 19-08-2019 together with interest and costs from 20.08.2019 till the date of payment. Date & Time of inspection of : Please give two/three dates with time convenient for you to property for intending purchasers take the buyers for inspection of the property. SECURED ASSET /DESCRIPTION OF THE MORTGAGED PROPERTY All that piece and parcel of land admeasuring 4.00 Ares of residential land in Re.Sy.No.314/2 in Thiruvaniyoor village, Marangattullikara taluk, Ernakulam district held in the name/s of Mr Yeldho Babu Paramban, Bounded: On the North by : Property of John Kareekattil, On the East By : PVIP Canal, On the South By: PVIP Canal, On the West By Panchayath Road. Details of encumbrances over the property, as known to the Bank: NIL Date and time of Auction : On 27.09.2019 between 11.00 AM and 04.00 PM with unlimited extension of “10”minutes i.e the end time of e- auction will be extended by 10 Minutes each time if bid is made within the last 10 minutes before closure of auction. The refundable EMD of Rs.1,50,000/-(Rupees One Lac fifty thousand only) shall be payable by interested bidders through NEFT/ RTGS/Funds Transfer on or before 05.00 PM on 26.09.2019 in A/c No.607901010050137, UNION BANK OF INDIA, Piravom Branch through IFSC Code: UBIN0560791 or by DD/Pay order favouring Union Bank of India, Piravom Branch payable at Piravom , Ernakulam, Kerala. Bidders are advised to visit the Bank’s website: unionbankofindia.co.in for detailed terms and conditions of e-auction sale and other details before submitting their Bids for taking part in the e-auction. Bidder may also E auction notice dt. visit the website: https://ubi.auctiontiger.net of Service Provider M/s.e-Procurement Technologies Limited, A-801, Wall street II, OPP.Orient Club, Near Gujarat College, Ellis Bridge, Ahmedabad- 380006 Phone: 079- 40230826/821/815/816/800 and contacting person: Shri Praveenkumar Thevar having mobile Number: 09722778828, E-mail: [email protected] and Shri Madhusudan Nair having mobile No.09686999578, E- mail:[email protected]. The terms and conditions of sale shall be strictly as per the provisions of The Security Interest Rules (Enforcement) Rules, 2002. The interested bidder may contact the Authorised Officer, Mr. Jithendra Digal , Chief Manager , Union Bank of India, Nodal Regional office, Ernakulam having office address at: 2nd Floor, Union Bhavan, M.G.Road, Ernakulam, Cochin -682035, Contact Number: Office :0484 2353969, Mobile:9834820624/9585909036 Email:[email protected] AND Branch Manager, Mr. Gopi V P, Union Bank of India, Piravom Branch at: Kattokkarayil Building, Piravom PO, Muvattupuzha Taluk, Ernakulam dist, Kerala.PIN- 686664 Contact number office:- 0485 2241666, Mobile: 9400211956, E mail: [email protected] for ascertaining the details of auction and inspection of property on the date mentioned as above. This may also be treated as notice u/r 8(6) of Security Interest (Enforcement) Rules, 2002 to the borrower/s and guarantor/s of the above said loans about the holding of E-Auction Sale on the above mentioned date, if their outstanding dues are not repaid in full. Authorised Officer, Union Bank of India, Piravom Branch Place:Ernakulam. Date:20.08.2019. E auction notice dt. TERMS & 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, A-801, Wall street,II, Opp.Orient Club, Near Gujarat College, Ellis Bridge, Ahmedabad- 380006 Phone : 079-40230826/821/815/816/800 and contacting person: Shri Praveenkumar Thevar having mobile Number: 09722778828 E mail: [email protected] and Shri Madhusudan Nair having mobile No.09686999578, E- mail:[email protected] 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 , https://ubi.auctiontiger.net And their contacting officials: Shri Praveenkumar Thevar having mobile Number: 09722778828 E mail: [email protected] and Shri Madhusudan Nair having mobile No.09686999578, E- mail:[email protected]. 7. For participating in the e-auction sale the intending bidders (having valid address and identity proof and PAN Card) after submitting the Earnest Money Deposit should register their details with and submit their bid form to the service provider M/s. e-Procurement Technologies Limited on or before 26.09.2019 up to 05.00 P.M. 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 by way of RTGS/NEFT/Funds Transfer to the credit of A/c No. 607901010050137, Union Bank of India, Piravom Branch, through IFSC Code: UBIN0560791 or by DD/Pay order favouring Union Bank of India, Piravom Branch payable at Piraovm, Ernakulam District, Kerala. 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, Piravom Branch latest by 26.09.2019 up to 05.00 PM. The sealed cover should be super scribed with “Bid for participating in E-Auction Sale- - in the Account of Mr Yeldho Babu Paramban.”. 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 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. Interse bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders. During the process of interese bidding, there will be unlimited extension of “5” minutes each, i.e the end time of e- auction shall be automatically extended by 10 Minutes each time if bid is made within 5 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.