Publication Sale Notice Notice of intended sale under Rule 6(2) & 8(6) of The Security Interest (Enforcement Rules) 2002 under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 1. M/s Sai Hydro Pneumatic (Prop Ratipal Singh) Plot No 418 Nawada Bhakri Road, Nawada Village Faridabad 121002. 2. Mr. Ratipal Singh S/o Late. Hari Singh R/O H NO C-331 (D-1063 A) Dabua Colony, Mauza Dabua NIT Faridabad Haryana 121002. 3. Late. Hari Singh S/o Late. Umrao Singh R/O H NO C-331 (D-1063 A) Dabua Colony, Mauza Dabua NIT Faridabad Haryana 121002 (Through Legal Heirs & Successors in heritance). a) Mrs. Vidya Devi w/o Late Hari Singh R/O H NO C-331 (D-1063 A) Dabua Colony, Mauza Dabua NIT Faridabad Haryana 121002. b) Mr. Ratipal Singh S/o Late. Hari Singh R/O H NO C-331 (D-1063 A) Dabua Colony, Mauza Dabua NIT Faridabad Haryana 121002. c) Mrs. Laxmi D/o Late Hari Singh R/O H NO C-331 (D-1063 A) Dabua Colony, Mauza Dabua NIT Faridabad Haryana 121002. d) Mrs. Sanju D/o Late Hari Singh R/O H NO C-331 (D-1063 A) Dabua Colony, Mauza Dabua NIT Faridabad Haryana 121002. SUB: OCC (IND SME SECURE) Limit of Rs 32.00 Lacs Loan A/c No. 6302268157 in the name of M/s Sai Hydro Pneumatic with Indian Bank, Sector 37 Faridabad Branch. M/s Sai Hydro Pneumatic (Prop Mr. Ratipal Singh) and Late. Hari Singh has availed OCC/ IND MSME Secure facility from Indian Bank, Sector 37 Faridabad branch, and the repayment of which are secured by mortgage of schedule mentioned properties hereinafter referred to as “the Properties”. M/s Sai Hydro Pneumatic (Prop Mr. Ratipal Singh) and Late. Hari Singh failed to pay the outstanding, therefore a Demand Notice dated 09/02/2018 under Sec 13(2) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (for short called as “The Act”), was issued by the Authorised Officer calling upon M/s Sai Hydro Pneumatic (Prop Mr. Ratipal Singh) and Late. Hari Singh to pay the combined amount due to the tune of Rs. 37,10,384.89 (Rupees Thirty Seven Lacs Ten thousand Three Hundred and Eighty Four and Eighty Nine paisa only) as on 30.11.2017 together with interest at the agreed rate from 01/12/2017, cost, other charges and expenses thereon. M/s Sai Hydro Pneumatic (Prop Mr. Ratipal Singh) and Late. Hari Singh failed to make payment despite Notice dated 09/02/2018. As M/s Sai Hydro Pneumatic (Prop Mr. Ratipal Singh) and Late. Hari Singh failed to make payment despite Demand Notice, the Authorised Officer took symbolic possession of the schedule mentioned properties under the Act on 27/04/2018 after complying with all legal formalities. The amount due as on 07.12.2019 in above OCC/ IND MSME Secure is Rs. 4942832.85 (Rupees Forty Nine Lakhs Forty Two Thousand Eight Hundred and Thirty Two and Eighty Five paise only) along with further interest, costs, other charges and expenses thereon. The sale proposed to be held is by way of public tender / auction adopting the E-AUCTION mode. ** The date of sale is fixed as 13th January 2020 between 11:00 AM to 02:00 PM, which would be by e-auction mode. The Tender/bid Form with the terms and conditions can be had on-line from the website www.bankeauctions.com & [email protected] and using the provision in the system / software, the same could be procured using the ‘seal bid option’ such that the activities could be done online. The tender form and the terms and conditions would be available in the website from 08th December, 2019 to 11th January 2020 from 10.30 a.m. to 4.00 pm. The last date for submitting tenders/bids complying with all necessary terms along with EMD in the stipulated manner is 11th January 2020 till 4.00 P.M. The tenders/bids shall be opened on 13th January 2020 in the e-auction mode. The Inspection of the Schedule mentioned property and related documents and up to date EC may be had by the intending purchasers / bidders at his expense on 20th December, 2019 between 10 a.m. to 5.00 p.m. The Reserve price and Earnest Money Deposit (EMD) for the sale of the secured assets is fixed as mentioned in the schedule. The tenders should be accompanied with EMD taken in DD/BPO/RTGS/NEFT/Account Transfer and /or any other acceptable mode of money transfer without time lag, failing which the tender becomes disqualified. The Nodal Bank account No./IFSC Code etc. for online money transfer is as under : S.No. Nodal Bank A/c. No. A/c Name IFSC Code 1 6837725207 INDIAN BANK Sector 37 Faridabad IDIB000B002 SARFAESI The sale shall be conferred on the person making highest offer/tender/bid subject to confirmation by Secured Creditor. The undersigned/Authorized Officer reserves right to accept or reject the bid/tender without assigning any reason whatsoever. The sale is subject to confirmation by the Secured Creditor. In the case of movable property/ies the sale price to be paid as agreed to/as per terms of sale published. The Authorised Officer reserves right to accept or reject the tender/bid/offer without assigning any reason therefor. The sale is made on “As is where is and As is What is” basis and no representations and warranties are given by the Bank relating to encumbrances statutory liabilities etc. **If the e-auction fails owing to any technical snag etc., the same may be re-scheduled by issuing 7 days prior notice. *** This Notice is without prejudice to any other remedy available to the Secured Creditor. SCHEDULE The specific details of the assets which are intended to be brought to sale are enumerated hereunder :- Mortgaged/ Detailed Reserve Price EMD/BID Date of Prior Hypothecated Description INCREAMENT Auction Encumbrance assets item to be given VALUE wise Rs. 29,38,000 Rs. 2,95,000/- 13.01.2020 NIL Increment Value :10,000/- Mortgaged All that part and parcel of the residential property consist of DC-331 (D- Assets 1063A)(Western part of Old Plot No 58) measuring 100 Sq Yards (20*45) Ft forming part of Rect no 47, Killa No 2/9 (0-5) situated at Block –D, Near Hanuman Mandir, Dabua Colony, Mauza Dabua, NIT faridabad Tehsil & District faridabad. **Last date and time for submission of 11.01.2019 up to 4.00 pm. bid through e-auction mode ** Bidders are advised to visit the website (https://www.bankeauctions.com) of our e-auction service provider M/s C1 India Pvt. Ltd. & [email protected] for auction bid form and detailed terms and conditions which are annexed to the bid form. The helpline No. to get assistance during the entire process is 7291981124/25/26 and 9818814266/8570003379 Place : FARIDABAD Date : 07.12.2019 The Authorised Officer (Indian Bank) .