DEBTS RECOVERY TRIBUNAL-I Ministry of Finance, Department of Financial Service, Government of India 2nd Floor, Bhikhubhai Chambers, Nr. Kochrab Ashram, Ellisbridge, Paldi, Ahmedabad - 380006. FORM NO. 22 (Earlier 62) [Regulation 37(1) DRT Regulations, 2015] [See Rule 52(1) of the Second Schedule to the Income-tax Act, 1961] E-AUCTION / SALE NOTICE THROUGH REGD. AD/DASTI/AFFIXATION/BEAT OF DRUM PROCLAMATION OF SALE UNDER RULES 38, 52(2) OF SECOND SCHEDULE TO THE INCOME TAX ACT, 1961 READ WITH THE RECOVERY OF DEBTS DUE TO BANK AND FINANCIAL INSTITUTION ACT, 1993 R.C. No. 434/2018 O.A. No. 312/2017 CERTIFICATE HOLDER : 1. BANK OF INDIA, BHADRA, AHMEDABAD CERTIFICATE HOLDER : 2. DENA BANK, ASHRAM ROAD, AHMEDABAD V/s CERTIFICATE DEBTORS : M/S. SHELL & PEARL PORCELLANO LTD. & OTHERS To, CD M/S. SHELL & PEARL PORCELLANO LTD., (SPPL) (earlier known as Shell & Pearl Ceramics Ltd.,) A Company registered No.1 under the Companies Act, 1956 having registered office : 207, Sarthik II, Opp. Rajpath Club, S.G. Highway Road, Ahmedabad-380054. And It’s Factory at : Plot No. 19, Jhagadiya, GIDC Estate, Ta. Jhagadiya - 393002, Dist. Bharuch. And It’s another office at : C/395, TTC, MIDC, Opp. Mayur Cold Storage, Turbhe, Mumbai - 400705. 2 PRAFULLA GATTANI (In the personal capacity as Director as well as in the personal capacity as Guarantor/Mortgagor and pledger of defendant No.1) S/o. Mr. Nandakishor Gattani Add : Flat No. 38, 4th Floor, Ashish Apartment, Lokhandwala, Andheri (W), Mumbai and Residence Address at : A, 33, Meghna Bungalow, Bopal, Ahmedabad. 3 SMT. MADHUKANTA GATTANI (In the personal capacity as Director as well as in the personal capacity as Guarantor/Mortgagor and pledger of defendant No.1) W/o. Nandakishor Gattani Add : Flat No. 38, 4th Floor, Ashish Apartment, Lokhandwala, Andheri (W), Mumbai and Residence Address at : A, 33, Meghna Bungalow, Bopal, Ahmedabad. 4 SMT. KAVITA NAMBIYAR (In the personal capacity as Mortgagor and Guarantor of defendant No.1) W/o. Praful Gattani Address : A, 33, Meghna Bungalow, Bopal, Ahmedabad. 5 M/S. DHANLAXMI CONSULTANCY PVT. LTD., (In the personal capacity as Pledger) A Company registered under the Companies Act, 1956 Having It’s Office at : 301, Vraj Bhumi Complex, Nr. Prathna Flats, B/h. Shilp Building, Navrangpura, Ahmedabad-380009. 6 M/S. UNISILK LTD., (In the personal capacity as pledger) A Company registered under the Companies Act, 1956 Having It’s Office at : 1653, Star House-3, Salisbury Road, TST, Kowloon, Hong Kong. The under mentioned property will be sold by Public E-auction sale on 10th July, 2019 for recovery of sum of Rs. 234,06,66,547=34 (Rupees : Two Hundred Thirty Four Crores Six Lakhs Sixty Six Thousand Five Hundred Forty Seven and Paisa Thirty Four only) plus interest and cost payable as per Recovery Certificate issued by Hon'ble Presiding Officer, DRT-I (less amount already recovered, if any), from M/S. SHELL & PEARL PORCELLANO LTD. & OTHERS. DESCRIPTION OF PROPERTY Reserve Price EMD No. Description of the property to be sold with the names of the co-owners below which 10% of Reserve of where the property belongs to defaulter and any other person as co-owners. the property will Price or Lots not be sold Rounded off 1. 2. Lot Reserve Price 10% EMD No. in Rs. in Rs. 1. All the piece and parcel of the property being lease hold non- agricultural land Plot No.19, admeasuring 152444.46 sq.mtrs, Jaghadia Industrial Estate, Revenue Survey No. 17 Rs. Rs. paiki, 87 paiki, 90 paiki, 92, 93 paiki, 94 paiki, 95, 96, 96/A/paiki & 97 canal land, at- 18,80,00,000/- 1,88,00,000/- Randeri, Taluka - Jaghadia, District Bharuch in the State of Gujarat together with constructions / structures thereon (both present and future). 2. Plant and Machinery, Equipment, Tools and spare relating to plant and at the Borrower’s Rs. Rs. factory premises, godowns at Plot No.19, Jaghadia Industrial Estate, Taluka - Jaghadia, 21,30,00,000/- 2,13,00,000/- District Bharuch. Rs. Rs. 3. Combine Lot of Lot Nos. 1 & 2 (as mentioned above). 40,10,00,000/- 4,01,00,000/- 4. All the pieces and parcel properties being office premises No. 207 & 208, 2nd Floor, both admeasuring about 2002 sq. ft. each with proportionate undivided share in building “Sarthak-II” of New Samprat Commercial Cooperative Society Ltd., Opp. Rajpath Club, Rs. Rs. Nr. Kiran Motors, S.G. Highway, Ahmedabad, having Survey No. 231/1+2, Final Plot No. 2,10,00,000/- 21,00,000/- 100, 101 & 102, TPS No. 1/8, Mouje-Bodakdev, Taluka-Dascroi, Dist. Ahmedabad and owned by CD No. 1 & CD Nos. 3 & 4 respectively. 5. All the pieces and parcels of the properties owned by CD No. 2, being Bungalow / Tenement No. A-33, admeasuring 180 sq. meters (plot area) together with constructions Rs. Rs. thereon admeasuring 127 sq. yards, Meghna Bungalows, Marutinandan Co-operative 61,00,000/- 6,10,000/- Housing Society Ltd., Mouje-Bopal, District Ahmedabad. 6. All the pieces and parcels of the property owned by CD No. 2, being Flat No. B-38, admeasuring 548 sq. ft. (built up area) 4th Floor, situated in the building RBI Employees Rs. Rs. Ashish Co-operative Housing Society Ltd., constructed on non-agriculture land bearing 86,00,000/- 8,60,000/- City Survey No. 41(p), CTS No. 1/137, Plot No. 3 of Village Oshiwara, 2nd Cross Road, Samarth Nagar, Andheri (West), Mumbai. 4) Revenue assessed upon the property or any part thereof : Not known 5) Details of any other encumbrance to which property is liable : Not known 6) Valuation also state Valuation given, if any, by the Certificate Debtor : No 7) Claims, if any, which have been put forward to the property, and any other known particulars bearing on its nature and value : Not known Note : Preference will be gibven to those bidders who bid for Lot No. 3 being combined lot of Lot Nos. 1 & 2. 1. Auction / bidding shall only be through online electronic mode through the e-auction website i.e. https://drt.auctiontiger.net 2. The intending bidders should register the participation with the service provider-well in advance and get user ID and password for participating in E-auction. It can be procured only when the requisite earnest money is deposited in prescribed mode below. 3. EMD shall be deposited by through RTGS / NEFT latest by 08.07.2019 as per details as under : Beneficiary Bank Name BANK OF INDIA IFSC Code No. BKID0002035 Account Name DISBURSEMENT ACCOUNT Branch Address LCB, AHMEDABAD Account No. 203590200000107 EMD deposited thereafter shall not be considered for participation in the e-auction. 4. In addition to above, the copy of PAN Card, Address Proof and Identity Proof, E-mail ID, Mobile Number, in case of the company, copy of board resolution passed by the Board of Directors of the company or any other document confirming representation / attorney of the company and the Receipt / Counter File of such deposit should reach to the said service provider through e-auction website by uploading soft copies on or before 08.07.2019 and also hard copies along with EMDs deposit receipts should reach at the Office of Recovery Officer-II, DRT-I, Ahmedabad by 09.07.2019. It is also held that earnest money of unsuccessful bidders shall be returned back in the respective accounts such bidders through the same mode of payment. 5. Prospective bidder may avail online training from service provider Name of the Auction Agency E-Procurement Technologies Ltd. (Action Tiger) Address B-704, Well Street-II, Opp. Orient Club, Near Gujarat College, Ellisbridge, Ahmedabad-380006, Gujarat (India). Contact Person Mr. Chintan Bhatt, Mob. No. +91 9978591888, 079 - 61200511 Helpline Nos. +91 9265562821, 079 - 61200594 / 598 / 568 / 587 / 538 Email Address [email protected], [email protected] For any property related queries Mr. Priyaranjan Kumar (Chief Manager) may contact Mob. No. +91 9630095235, E-mail ID : [email protected] 6. Prospective bidders are advised to visit website https://drt.actiontiger.net for detailed terms & conditions and procedure of sale before submitting their bids. 7. The property shall not be sold below the reserve price. 8. The property shall be sold in 04 lots, with Reserve Price as mentioned above lot. 9. The bidder shall improve offer in multiples of Rs. 1,50,000/- for Lot No. 1 & 2, Rs. 3,50,000/- for Combined Lot No. 3, Rs. 50,000/- for Lot No. 4, Rs. 20,000/- for Lot No. 5 and 6 during entire auction period. 10. The property shall be sold “AS IS WHERE BASIS” and shall be subject to other terms and conditions as published on the official website of the e-auction agency. 11. The highest bidder shall have to deposit 25% of his final bid amount after adjustment of EMD already paid, by immediate next bank working day by 4:00 P.M. through RTGS/NEFT in the account as mentioned above. 12. The successful bidder/auction purchaser shall deposit the balance 75 % of sale consideration amount on or before 15th day from the date of sale of the property. If the 15th day is Sunday or other Holiday, then on immediate first bank working day through RTGS/NEFT in the account as mentioned above. In addition to the above, the purchase shall also deposit poundage fee @ 1 % on total sale consideration money (plus Rs. 10) through DD in favour of The Registrar, DRT-I, Ahmedabad. The DD prepared towards poundage’s fees shall be submitted directly with the office of Recovery Officer, DRT-I, Ahmedabad.