INDIAN OVERSEAS BANK Dhandera (2544) Tel: 01332-241050, 2544 P.O. Vill Dhandera, Roorkee Email: [email protected] Haridwar, UTTARAKHAND -247667 Dated: 29.07.2019 ------------------------------------------------------------------------------------------------------------------------------------------- SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES [UNDER PROVISO TO Rule 8 (6) of Security Interest (Enforcement) Rules] E-Auction Sale Notice for the sale of immovable Assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rules 8(6) of the Security Interest (Enforcement) Rules, 2002. Notice is hereby given to the public in general and in particular to the Borrower (s) and Guarantor (S) that the below described immovable property mortgaged/charged to the Secured creditor, the contractive possession of which has been taken by the Authorised officer of Indian Overseas Bank, Dhandera branch Secured creditor, will be sold on “As is Where is”, As is what is”, and “Whatever there is” on 19.08.2019 (mentioned date of the sale), for recovery of Rs.1,01,82,101/- (Rupees One Crore One Lakh Eighty Two Thousand one hundred one only ) along with further interest due to the Indian Overseas Bank, Dhandera Secured creditor from J P Flour & Food Industries Proprietor-Lalit Mohan Sharma - Khata NO.174 , Part of Khasra No.320, Gram-Rajpur, Paragana-Bhagwanpur, Tehsil Roorkee, Distt. Haridwar -247667 in the capacity of Borrower/ Guarantor/Mortgagor. The reserve price will be Rs.85,30,550/- (Eighty five Lakh Thirty thousand five hundred fifty only) and the earnest money deposit will be Rs. 8,54,000/- (Rupees Eight Lakh Fifty four thousand only) (Short description of the immovable property with known encumbrances, if any) Equitable mortgage of Khata NO.174 , Part of Khasra No.320, Gram-Rajpur, Paragana- Bhagwanpur, Tehsil Roorkee, Distt. Haridwar -247667 property is in the name of Lalit Mohan Sharma. Bounded as On the North by : Rasta 22’ wide On the South by : Factory Gayatri Enterprises On the East by : Vimal Petrothin Industry On the West by : Rasta 21’-6” wide For detailed terms and conditions of the sale, please refer to the link provided in Indian Overseas Bank, Dhandera branch Secured creditor’s website i.e. www.iob.in [http://www.iob.in/TenderDetails.aspx?Tendertype=E_Auction] Date :30.07.2019 Authorised Officer Place: Dhandera E-AUCTION DETAILS Date and time of e-auction 19.08.2019 from 11.00 A.M. to 01.00 P.M. Reserve Price Rs.85,30,550/- Earnest Money Deposit Rs. 8,54,000/- EMD Remittance Deposit through EFT/NEFT/ RTGS/DD Transfer in favour of “IOB DHANDERA” to the credit of A/C no 254402000001000 A/c Name- IOB BID ACCOUNT DHANDERA Address Indian Overseas Bank Dhandera P.O. Vill Dhandera, Roorkee Haridwar, UTTARAKHAND -247667 Branch Code: 2544,IFSC Code:IOBA0002544 Bid Multiplier Rs10,000/-( the amount in multiples of which the bid is to be increased) Inspection of property On working days in consultation with the Branch Manager at Tel: 01332-241050, 2544,9794754041 from 10:30 AM to 4:00 PM Submission of online application for 01.08.2019 onwards bid with EMD Last date for submission of online 18.08.2019 (At the close of business hour) application for BID with EMD Terms and Conditions 1. The property (ies) will be sold by e-auction through the Bank‟s approved service provider M/s Matex Net Pvt. Ltd. under the supervision of the Authorized Officer of the Bank. 2. E-auction bid document containing online e-auction bid form, declaration, general terms and conditions of online auction sale are available in www.matexauctions.com website http:// (service provider‟s website). 3. Intending bidders shall hold a valid digital signature certificate and email address and should register their name / account by login to the website of the aforesaid service provider. They will be provided with user id and password by the aforesaid service provider which should be used in the e auction proceedings. For details with regard to digital signature, please contact the service provider at the below mentioned address/phone no/email. 4. Bids in the prescribed formats shall be submitted “online” through the portal - www.matexauctions.comalongwith the EMD & scanned copy of KYC documents including photo, PAN Card & address proof to the service provider and the Authorised Officer before 4:00PM on 18.08.2019. 5. The EMD and other deposits shall be remitted through EFT / NEFT / RTGS to the Bank account as specified above and the amount of EMD paid by the interested bidder shall carry no interest. The amount of EMD paid by the successful bidder shall be adjusted towards the sale price. 6. Bid form without EMD shall be rejected summarily. 7. Online auction sale will start automatically on and at the time as mentioned above. Auction / bidding will initially be for a period of 2 hours with auto extension time of 5 minutes each till the sale is concluded. 8. Auction/ bidding will be only online bidding through the portal provided by Matex Net P Itd. 9. Demo e-auction process will be conducted by Matex Net P Itd. For familiarization and allocation of user name / password to eligible prospective bidders for access to the e- auction at the specified date and time. Contact person –Mr.Roshan Mob-8095439512 e- mail- [email protected] Landline-080-42440631. 10. The property shall be sold to the highest bidder. The successful bidder (purchaser) as declared by the Authorised Officer shall deposit 25% of the sale price immediately on the sale being confirmed in his / her favour and the balance amount of sale price within 15 days from the date of auction sale. The failure to remit entire amount of sale price within stipulated period will result in forfeiture of deposit of 25 % of the bid price to the secured creditor and forfeiture of all the claims over the property by the purchaser and property will be resold. 11. The bank reserves the right to defer or cancel the sale at any point of time before the issuance of sale certificate. if the Bank is constrained to cancel the sale at any point of time, no interest amount or any other amount such as damages, charges/cost etc will be payable on the purchase consideration received from the bidder/purchaser”. 12. The sale certificate will be issued in the name of the purchaser only, after payment of the entire sale price amount and other taxes/charges, if any. 13. The purchaser shall bear the charges/ fee payable for conveyance such as registration fee, stamp duty, etc., as applicable as per law. 14. The Authorized Officer has the absolute right to accept or reject any bid or postpone or cancel the sale, as the case may be without assigning any reason whatsoever. 15. The property is being sold on „as is where is‟ and „as is what is‟ basis. The Bank has disclosed only the known encumbrances, statutory liabilities, if any, as above and it is for the purchaser to make their own independent enquiries at their own costs before participating in the auction. 16. As regards the statutory dues stated above, Bank dues will have priority over statutory dues. Without prejudice to the above, statutory liability, if any, shall be borne by the purchaser and the Bank assumes no responsibility in this regard. 17. Sale is subject to confirmation by the secured creditor. 18. EMD of unsuccessful bidders will be returned through EFT / NEFT / RTGS to the bank account details provided by them in the bid form and intimated via their e-mail id. 19. The e-Auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation by the bank. The Authorised Officer/Secured Creditor shall not be responsible in any way for any third party claims / rights / dues. 20. * In compliance with Section 194 IA of the Income tax Act, 1961 income tax @ 1% on the Reserve Price shall be deducted and paid under the PAN Number of the Purchaser. Since the Tax has been calculated only on the Reserve Price, the bidder shall bear the 1% income tax on the bid multiplier amount and the Bank shall not take any responsibility for the same. 21. *In case of any sale / transfer of immovable property of Rupees Fifty lakhs and above, the transferee has to pay an amount equal to 1% of the consideration as Income Tax. 22. For further details regarding inspection of property / e-auction, the intending bidders may contact the Branch Manager, Indian Overseas Bank, Dhandera Branch, Indian Overseas Bank Dhandera P.O. Vill Dhandera, Roorkee Haridwar, UTTARAKHAND -247667 . Tel: 01332-241050, 2544, 9794754041 during office hours, or the Bank‟s approved service provider M/s Matex Net Pvt. Ltd.: Regd. Office- Matex Net Pvt. Ltd. 4 & 5, 2nd& 3rd Floor, First Cross, K R Colony, Domlur Layout, Bangalore-560071, India, Phone: 080-42440600 to 621 and Local Office at Flat No.611, 6th Floor, Padma Tower-1, Rajendra Place, New Delhi-110008, Phone : 011-32566751/53/54 & 011-42433461/62/63, Mob: 8095439512) (Email- [email protected], [email protected], Website:www.matexauctions.com). PLACE: DHANDERA Authorised Officer Dated: 30.07.2019 Indian Overseas Bank .