CIN:L65190MH2004GOI148838 IDBI Bank Ltd, Regional Office , Palshikar Building, Near Shami Ganpati, Delhigate, Ahmednagar Pin :- 414001 Maharashtra PUBLIC NOTICE FOR SALE THROUGH E-AUCTION SALE OF SECURED ASSETS MORTGAGED IN A/C M/s SAGAR RICE TRADERS The undersigned being the Authorized Officer (AO) of IDBI Bank Ltd. (IDBI) invites Bids/Offers in sealed covers for the sale of the following Secured Assets of M/s. Sagar Rice Traders under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) read with the Security Interest (Enforcement) Rules, 2002, possession whereof was taken by the AO, IDBI Bank Ltd on January 30, 2019 and April 8, 2019. The dues of IDBI Bank Ltd., outstanding as on 30.06.2013 stand at Rs. 49,93,052.22 + interest thereon w.e.f. 01.07.2013 1 Brief Description of Property of the Borrower/ Mortgagor: M/s Sagar Rice Traders All that Part and parcel of the property consisting of Flat No. 2 1st Floor Sushila Appt. Building No.2 CTS No. 2142 part, Ward No.7, (Area 552 sq ft) at Trymbaknagar, Shrirampur District Ahemdnagar owned by Smt Gitanjali Dnyaneshwar Kulkarni. Reserve Price Rs.11,00,000/- EMD Rs.1,10,000/- All that Part and parcel of the property consisting of (i) BF Shop No.2 (Area 23.32 sq mtr) and (ii) GF Shop No.2 (Area 23.32 sq mtr) at Laxmi Complex Saraswati Colony Road, FP No.109 Part CTS No.1969+2127/7 Sr. No. 47/2, Shrirampur District Ahemdnagar owned by Smt Gitanjali Dnyaneshwar Kulkarni and Shri Dnyaneshwar Bhagirath Kulkarni. Reserve Price Rs.14,03,000/- EMD Rs.1,40,300/- All that Part and parcel of the property consisting of Milkat No.124 Gavthan Plot (Area 722.23 sq mtr) Near Grampachayat Office Karegaon, at Shrirampur District Ahemdnagar owned by Shri Bhagirath Madhav Kulkarni and Shri Bapu Madhav Kulkarni. Reserve Price Rs.2,10,000/- EMD Rs.21,000/- 2 Date of inspection Last date of submission of sealed bids Date of E-auction May 28, 2019 (11 am to 5 pm) June 19, 2019 till 3 pm June 20, 2019 at 11 am 3 Gist of the terms & conditions appearing in Bid Document: 1. The sale of Secured Assets is on “as is where is basis”, “as is what is basis”, “whatever there is basis” and “no recourse basis” for and on behalf of the Secured Creditors viz.: IDBI Bank Ltd. The Secured Assets are being sold free from charges and encumbrances of Secured Creditors only. All statutory liabilities/taxes/maintenance fee/property tax/electricity/water charges etc., outstanding as on date and yet to fall due would be ascertained by the bidder(s) and would be borne by the successful bidder. Bank does not take any responsibility to provide information on the same. 2. The aforesaid property shall not be sold below the reserve price mentioned above. Sale is strictly subject to the terms and condition given in this advertisement and in the “Tenders/Bid Document”. “Bid/Tender Document” may be obtained from our office on all working days or may be downloaded from the website i.e. www.idbibank.com . The Bid Document can be obtained from Branch Head, IDBI Bank Ltd. Shivam Building, Newasa Road, Shrirampur, Ahmednagar 413709 (email ) [email protected]3. The sale shall take place on the expiry of thirty days from the date of publication of this notice. The sale would be on E- Auction platform at website www.eauction.npasource.com through e-auction service provider M/s. Atishya Technology Pvt. Ltd for e-auction support contact Ms Prachi Trivedi Mob 9016641848, email: [email protected] / [email protected]4. The Earnest Money Deposit – (EMD) will not carry interest. AO may retain EMD of top three bidders up to 3 months from the date of opening of the bids. The AO may permit inter-se bidding among the top three bidders. 5. The successful bidder will be required to deposit 25% of the sale price (less the amount of EMD deposited) at the time of confirmation of sale. The balance amount of the sale price is to be paid within 15 days of the confirmation of the sale or such extended period as may be agreed to by the AO. In case of failure to deposit the balance amount within the prescribed period, the deposited amount shall be forfeited, including earnest money. 6. AO reserves the right to accept or reject any or all bids without assigning any reason(s). In case all the bids are rejected, the AO reserves the right to sell the assets by any of the modes as prescribed in the SARFAESI Act. 7. The Secured Assets mentioned in the Bid Document are based on the charges/mortgages created by the Borrower in favour of Secured Creditors, the details whereof are given in the bid document. Interested parties are requested to verify the details of the Secured Assets and inspect the records relating to mortgaged assets available with AO on request. 8. Secured creditors do not take responsibility for any errors/omissions/discrepancy/ shortfall etc in the secured Assets or for procuring any permissions etc or for the dues of any authority established by law. 9. The successful bidder would be required to bear all the necessary expenses like stamp duty, registration, expenses, tax liabilities, if any etc for transfer of secured asset. 10. Interested parties may contact Shri Santosh Kumbhar on (T)+91 2422-226601, (M)+918999771568 or Shri Anil P Sagar (M)+91 9975547918. STATUTORY 30 DAYS NOTICE UNDER RULE 6(2), 8(6) & 9(1) OF SARFAESI ACT The borrower/mortgagor/guarantors are hereby notified to pay the sum as mentioned above alongwith upto date interest and the ancillary expenses before auction failing which the property will be auctioned/sold and balance dues, if any, will be recovered with interest and costs. Place: Ahmednagar Sd/- Date: May 16, 2019 Authorised Officer
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CIN:L65190MH2004GOI148838
IDBI Bank Ltd, Regional Office , Palshikar Building, Near Shami
District Ahemdnagar owned by Smt Gitanjali Dnyaneshwar Kulkarni and Shri
Dnyaneshwar Bhagirath Kulkarni.
Reserve Price Rs.14,03,000/-
EMD Rs.1,40,300/-
All that Part and parcel of the property consisting of Milkat No.124 Gavthan Plot
(Area 722.23 sq mtr) Near Grampachayat Office Karegaon, at Shrirampur District
Ahemdnagar owned by Shri Bhagirath Madhav Kulkarni and Shri Bapu Madhav
Kulkarni.
Reserve Price Rs.2,10,000/-
EMD Rs.21,000/-
2 Date of inspection Last date of submission of sealed bids Date of E-auction
May 28, 2019 (11 am to 5 pm) June 19, 2019 till 3 pm June 20, 2019 at 11 am
3 Gist of the terms & conditions appearing in Bid Document:
1. The sale of Secured Assets is on “as is where is basis”, “as is what is basis”, “whatever there is basis” and “no recourse
basis” for and on behalf of the Secured Creditors viz.: IDBI Bank Ltd. The Secured Assets are being sold free from charges
and encumbrances of Secured Creditors only. All statutory liabilities/taxes/maintenance fee/property tax/electricity/water
charges etc., outstanding as on date and yet to fall due would be ascertained by the bidder(s) and would be borne by the
successful bidder. Bank does not take any responsibility to provide information on the same.
2. The aforesaid property shall not be sold below the reserve price mentioned above. Sale is strictly subject to the terms and
condition given in this advertisement and in the “Tenders/Bid Document”. “Bid/Tender Document” may be obtained from
our office on all working days or may be downloaded from the website i.e. www.idbibank.com. The Bid Document can be
obtained from Branch Head, IDBI Bank Ltd. Shivam Building, Newasa Road, Shrirampur, Ahmednagar 413709 (email)
[email protected] 3. The sale shall take place on the expiry of thirty days from the date of publication of this notice. The sale would be on E-
Auction platform at website www.eauction.npasource.com through e-auction service provider M/s. Atishya Technology
Pvt. Ltd for e-auction support contact Ms Prachi Trivedi Mob 9016641848, email: [email protected] /
[email protected] 4. The Earnest Money Deposit – (EMD) will not carry interest. AO may retain EMD of top three bidders up to 3 months from
the date of opening of the bids. The AO may permit inter-se bidding among the top three bidders.
5. The successful bidder will be required to deposit 25% of the sale price (less the amount of EMD deposited) at the time of
confirmation of sale. The balance amount of the sale price is to be paid within 15 days of the confirmation of the sale or
such extended period as may be agreed to by the AO. In case of failure to deposit the balance amount within the prescribed
period, the deposited amount shall be forfeited, including earnest money.
6. AO reserves the right to accept or reject any or all bids without assigning any reason(s). In case all the bids are rejected, the
AO reserves the right to sell the assets by any of the modes as prescribed in the SARFAESI Act.
7. The Secured Assets mentioned in the Bid Document are based on the charges/mortgages created by the Borrower in favour
of Secured Creditors, the details whereof are given in the bid document. Interested parties are requested to verify the details
of the Secured Assets and inspect the records relating to mortgaged assets available with AO on request.
8. Secured creditors do not take responsibility for any errors/omissions/discrepancy/ shortfall etc in the secured Assets or for
procuring any permissions etc or for the dues of any authority established by law.
9. The successful bidder would be required to bear all the necessary expenses like stamp duty, registration, expenses, tax
liabilities, if any etc for transfer of secured asset.
10. Interested parties may contact Shri Santosh Kumbhar on (T)+91 2422-226601, (M)+918999771568 or Shri Anil P Sagar
(M)+91 9975547918.
STATUTORY 30 DAYS NOTICE UNDER RULE 6(2), 8(6) & 9(1) OF SARFAESI ACT The borrower/mortgagor/guarantors are hereby notified to pay the sum as mentioned above alongwith upto date interest and the
ancillary expenses before auction failing which the property will be auctioned/sold and balance dues, if any, will be recovered with
3. The sale shall take place on the expiry of thirty days from the date of publication of this notice. The sale would be on E-
Auction platform at website www.eauction.npasource.com through e-auction service provider M/s. Atishya
Technology Pvt. Ltd for e-auction support contact Ms Prachi Trivedi Mob 9016641848, email:
[email protected] / [email protected] 4. The Earnest Money Deposit – (EMD) will not carry interest. AO may retain EMD of top three bidders up to 3 months
from the date of opening of the bids. The AO may permit inter-se bidding among the top three bidders.
5. The successful bidder will be required to deposit 25% of the sale price (less the amount of EMD deposited) at the time of
confirmation of sale. The balance amount of the sale price is to be paid within 15 days of the confirmation of the sale or
such extended period as may be agreed to by the AO. In case of failure to deposit the balance amount within the
prescribed period, the deposited amount shall be forfeited, including earnest money.
6. AO reserves the right to accept or reject any or all bids without assigning any reason(s). In case all the bids are rejected,
the AO reserves the right to sell the assets by any of the modes as prescribed in the SARFAESI Act.
7. The Secured Assets mentioned in the Bid Document are based on the charges/mortgages created by the Borrower in
favour of Secured Creditors, the details whereof are given in the bid document. Interested parties are requested to verify
the details of the Secured Assets and inspect the records relating to mortgaged assets available with AO on request.
8. Secured creditors do not take responsibility for any errors/omissions/discrepancy/ shortfall etc in the secured Assets or
for procuring any permissions etc or for the dues of any authority established by law.
9. The successful bidder would be required to bear all the necessary expenses like stamp duty, registration, expenses, tax
liabilities, if any etc for transfer of secured asset.
10. Interested parties may contact Shri Santosh Kumbhar on (T)+91 2422-226601, (M)+918999771568 or Shri Anil P
STATUTORY 30 DAYS NOTICE UNDER RULE 6(2), 8(6) & 9(1) OF SARFAESI ACT The borrower/mortgagor/guarantors are hereby notified to pay the sum as mentioned above alongwith upto date interest and the
ancillary expenses before auction failing which the property will be auctioned/sold and balance dues, if any, will be recovered with
interest and costs.
Place: Ahmednagar Sd/-
Date: May 17, 2019 Authorised Officer
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II. INTRODUCTION
IDBI Bank Ltd. (IDBI) having its Head Office at IDBI Tower, Cuffe Parade, Mumbai -
400005 & Regional Office at IDBI Bank, Ahmednagar issued a notice dated July 17,
2013 under Section 13(2) of the Securitisation and Reconstruction of Financial Assets
and Enforcement of Security Interest Act, 2002 (hereinafter referred to as “the
SARFAESI Act”) calling upon M/s Sagar Rice Traders, Shrirampur to repay the
amount mentioned in the said notice being
M/s Sagar Rice Traders Rs. 49,93,052.22
as on 30/06/2013 together with further interest and other expenses/costs thereon from
01/07/2013 at the contractual rates upon the footing of compound interest until payment/
realization. Though the Borrower has been called upon to pay the aforesaid amount, they
failed to discharge the liability.
As the properties of M/s Sagar Rice Traders, Shrirampur have been mortgaged to
IDBI Bank as security, dues recoverable from the Borrowers constitute and represent
100% value of the outstanding dues having charge on the assets as envisaged under
Section 13(9) of SARFAESI Act. The possession of immovable properties was taken on
January 30, 2019 and April 8, 2019. The AO has also got the assets valued after taking
possession as required under the SARFAESI Act.
The list of secured assets being put on sale is mentioned hereinafter.
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III. BRIEF DESCRIPTION OF SECURED ASSETS
Sr Borrower
details
Brief Description of Properties
1 M/s Sagar
Rice Traders
1. All that part and parcel of the property at Flat No. 2 1st Floor Sushila Appt.