Indian Bank (A Govt. of India Undertaking) Zonal Office – Ahmedabad, Branch Office:- Sola Road Rajkot Auction No. ZOA/REC/Auction/2020-21/ Dated: 12/10/2020 By Registered post with A/D To, 1. Saif Luggage (Borrower – Proprietorship Firm) 138/8/11, Madhubhai Mill Compound, Near Hanjar Cinema, Meter Guage Railway Station, Saraspur, Ahmedabad-380018 2. Mohd. Ikramulhaque Nasiruddin Shaikh (Proprietor, Mortgagor & Guarantor) 138/8/11, Madhubhai Mill Compound, Near Hanjar Cinema, Meter Guage Railway Station, Saraspur, Ahmedabad-380018 3. Mr. Shabirali Sharafatali Shaikh (Guarantor) 621/4/1 FF Saiyad Riyazhusen ni Chali, Opp- Chartoda Kabrastan, Gomtipur, Ahmedabad. 4. Mohd. Murtaza Shaikh (Guarantor) Madhubhai Mill Compund, Saraspur, Ahmedabad. SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES E-Auction Sale Notice for Sale of Immovable Assets under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Read with proviso to Rule 8(6) of the Security Interest (enforcement) Rules, 2002. Whereas, the Authorized Officer of Indian Bank had taken possession of the following property/ies pursuant to the notice issued under Sec 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 in the following loan account with right to sell the same on “AS IS WHERE IS BASIS, AS IS WHAT IS BASIS & WHATEVER THERE IS BASIS” for realization of Bank's dues plus interest as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Banks dues by sale of the said property/ies. The Sale will be done by the undersigned through e-auction platform provided at the Website https://www.mstcecommerce.com on 02.11.2020 at 11.00 A.M to 03.00 P.M. Sr. Name of Account/ Description of @Secured EMD & Details of Any No. Borrower the Charged creditor’s Reserve the other Proprietor/Partner assets put Outstanding Price below Encumbra thing / under e-auction Dues which nce which Director & assets put known to the Guarantors With under the authori father’s e-auction secured zed /husband’s name. will not be creditor officer Name of Branch of sold consid the Bank presently er it where account of materi the borrower if al for a maintained purcha (A) Name of the Lot No.1 (A) Outstanding Lot No.-1 (A) ser to Borrower Account (A) Name of Title Deed Dues of the (A) Reserve Outstandin know with address & PIN Holder Bank Price g Dues of in Code B) Address with ₹ 00.00 (Rupees (Rs in lacs) Local Self order (B). Name of PIN Code of the ….only) Govt , (if to Borrower Proprietor/ assets put under (B)Above is (B) EMD any known judge Partner/Director. e-auction inclusive of Amount to the the With father’s ( C) interest & (Rs in lacs) Bank) nature /husband’s name Description , other charges (A1)Proper & the ( C) Name of measurable area calculated up ( C ) ty Tax- value Guarantors With & Boundaries to ............. incremental Rs as on of the Zonal Office: 201-205, B-Block, Rudra Arcade, 132 Feet, Drive-in-Cross Road, Memnagar, Ahmedabad -380052 Tel.: (079) 27435663, 27431248 * Fax: (079) 27439668 * e-mail:[email protected] father’s /husband’s with nearest land (date) @ Bid Amount (A2)Electri propert name /Corporate mark of Security (Rs in city Bill- y guarantors with Charged to the ( C)Date of Lacs Rs --------- Charge addresses with PIN bank & put under e- Demand as on date d Code auction Notice -13(2) (A3)Water assets (D) Name of the under Sewerage put Branch of the Bank SARFAESI Tax/ under where account of Act Charges -- e- the borrower is (D) Date of Rs ------- auction presently taking as on ----- maintained, with Possession ( B ) Other contact details. 13(4) under than dues SARFAESI of Local Act Self Gov (E) Nature of any other Possession: Encumbran Physical / ce known Constructive to bank 1 (A) (A) (A) (A) (A) Saif Luggage Mohd. Ikramulhaque Rs.34,89,353/- Rs.12.54 (Borrower – Nasiruddin Shaikh as per demand Lacs Not Known Not Proprietorship (Proprietor, notice dated Known Firm) Mortgagor & 19/09/2018, Plus 138/8/11, Madhubhai Guarantor) interest till the Mill Compound, Near date of Hanjar Cinema, realization & Meter Guage Railway cost, charges & Station, Saraspur, other expenses Ahmedabad-380018 (B) (B) (B) 18/09/2018 (B) 10 % of (A1) Not Mohd. All that piece and parcel Plus further Reserve Known Ikramulhaque of free hold Commercial interest @ Price Nasiruddin Shaikh Non-Residential unit applicable rates Rs.1.26 lacs (A2) Not (Proprietor, No.415, on fourth floor, till the date of Known Mortgagor & Block No. A, realization and Guarantor) admeasuring about 430 costs, charges Sq. Feet ie. 39.95 Sq and expenses Mtrs. (Super Built up Area) in the scheme known as “SUMEL Business Park-IV” of N.A. land bearing sub- plot No.1 of final plot No.62 (respectively bearing Old Survey No.172/1 paiki and 173 paiki) of T.P. Scheme No.16 at city survey No. 2453 at Mouje Shaher Kotda, Taluka Ahmedabad City, Registration District Sub-District Ahmedabad-7 (Odhav) & District Ahmedabad PIN-382415 within the state of Gujarat, in the name of Mohd. Ikramulhaque Nasiruddin Shaikh surrounded by :North – Pantry & Toilet, South – Unit No.416, East – 2.5 Zonal Office: 201-205, B-Block, Rudra Arcade, 132 Feet, Drive-in-Cross Road, Memnagar, Ahmedabad -380052 Tel.: (079) 27435663, 27431248 * Fax: (079) 27439668 * e-mail:[email protected] Mtrs Wide Passage, West – Unit No.428 (C) (C) Same as Point (B) (C) 19/09/2018 (C) Rs.0.10 (A3) Not 1.Mohd. lacs Known Ikramulhaque Nasiruddin Shaikh (Proprietor, Mortgagor & Guarantor) 138/8/11, Madhubhai Mill Compound, Near Hanjar Cinema, Meter Guage Railway Station, Saraspur,Ahmedabad -380018 2.Mr. Shabirali Sharafatali Shaikh (Guarantor) 621/4/1 FF Saiyad Riyazhusen ni Chali, Opp- Chartoda Kabrastan, Gomtipur, Ahmedabad. 3.Mohd. Murtaza Shaikh (Guarantor) Madhubhai Mill Compund, Saraspur, Ahmedabad (D) (D) 29/09/2019 (B ) Not Branch – Sola Road Known Ahmedabad. (E) Phone No.079- Physical 27433185 Possession The intending Bidders/ Purchasers are requested to register on portal (https: www.mstcecommerce.com) using their mobile number and email-id. Further, they are requested to upload requisite KYC documents. Once the KYC documents are verified by e-auction service provider (may take 2 working days), the intending Bidders/ Purchasers has to transfer the EMD amount using online mode in his Global EMD Wallet before the e-Auction Date and time in the portal. The registration, verification of KYC documents and transfer of EMD in wallet must be completed well in advance, before auction. EMD Submission date & Upto 28.10.2020. up to 4.00 P.M. time Date & Time of e-Auction 02.11.2020 from 11:00 AM to 03:00 PM (with unlimited extension) at the platform of uhttps:/ /www.mstcecommerce.com" (platform of Service Provider) TERMS AND CONDITIONS 1. Earnest Money Deposit (EMD) amount as mentioned above shall be paid online through 3 mode i.e. NEFT/ Cash/ Transfer (After generation of Challan from (https:www.mstcecommerce.com) in bidders Global EMD Wallet. Neft transfer can be done from any Scheduled Commercial Bank, however for Cash/ Transfer the bidder has to visit Indian Bank Branch. Payment of EMD by any other mode such as Cheques will not be accepted. Bidders, not depositing the required EMD online, will not be allowed to participate in the e-auction. The Earnest Money Deposited shall not bear any interest. 2. The successful bidder shall have to deposit 25% (twenty five percent) of the bid amount, less EMD amount deposited, latest by the next working day and the remaining amount shall be paid within 15 days from the date of auction in the form of Banker's Cheque/ Demand Draft issued by a Scheduled Zonal Office: 201-205, B-Block, Rudra Arcade, 132 Feet, Drive-in-Cross Road, Memnagar, Ahmedabad -380052 Tel.: (079) 27435663, 27431248 * Fax: (079) 27439668 * e-mail:[email protected] Commercial Bank drawn in favor of ”The Authorized Officer, Indian Bank, A/c “Saif Luggage” Payable at Ahmedabad OR to be remitted through RTGS/NEFT (IFSC Code ALLA0212248) for credit of account number 87336022483 of The Authorized Officer, Indian Bank. In case of failure to deposit the amounts as above within the stipulated time, the amount deposited by successful bidder will be forfeited to the Bank and Authorized Officer shall have the liberty conduct a fresh auction/ sale of the property & the defaulting bidder shall not have any claim over the forfeited amount and the property. 3. Payment of sale consideration by the successful bidder to the bank will be subject to TDS under Section 194- 1A of Income Tax Act 1961 and TDS is to be made by the successful bidder only at the time of deposit of remaining 75 % of the bid amount 4. On receipt of the entire sale consideration, the Authorized Officer shall issue the Sale Certificate as per rules. 5. All expenses relating to stamp duty and registration of Sale Certificate, if any, shall be borne by the successful bidder. 6. The Authorized Officer/Bank has the absolute right to accept or reject any bid or adjourn/ postpone/ cancel the sale without assigning any reason therefore. 7. The Sale shall be subject to rules/ conditions/ prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 8. Platform (https:www.mstcecommerce.com) for e-Auction will be provided by our e Auction service provider M/S MSTC Limited having its Registered office at 225-C, A.J.C.