VIJAYA BANK
(A Government of India undertaking)
ULSOOR BRANCH
No11/12, CAMBRIDGE ROAD, ULSOOR
BANGALORE-560008
Ph No. 080-25554696/25546443 vb1216@vijayabank.co.in
E-AUCTION SALE NOTICE
It is notified for all concerned that the following property is secured in favour of Vijaya Bank, Ulsoor
Branch, and as secured creditor taken possession under SARFAESI Act 2002, will be sold by e-auction on
21/07/2016 “as is where is and as is what is basis” for recovery of Bank dues. This is a notice to the
borrower/s, Mortgagor/s and to the guarantor/s of the below said loan about holding of E-Auction sale
on the said date, if their outstanding dues are not repaid in full by the date of auction.
NAME AND ADDRESS OF BORROWER/S, MORTGAGOR/S & GUARANTOR/S:
Borrower/Mortgagor
1. Mr. Kiran Kumar G
S/o Ramakrishna
No.635A, 7th Main,
12th Cross, Vinayaka Layout,
Nagarbhavi,
Bangalore-560072
2. Mr. Kalyan Kumar G
S/o Ramakrishna
No.635A, 7th Main,
12th Cross, Vinayaka Layout,
Nagarbhavi,
Bangalore-560072
The under mentioned property will be sold by “Online e-Auction through website
https://www.bankeauctionwizard.com on 21/07/2016 for Recovery of an amount of A/c No.
121608351000230 Rs.44,84,617/-(Rupees Forty Four Lakhs Eighty Four Thousand Six Hundred
Seventeen Only) as on 14/06/2016 with future interest and cost till the date of payment.
Schedule of the property
SCHEDULE “A” PROPERTY: All that piece and parcel of the
property bearing Site No.1, New No.2, of Sy. No.197/6, situated at 6 th
Cross, Kaggadasapura, C V Raman Nagar, Bangalore-560093,
measuring East to West 46ft and North to South 60ft totally
measuring 2760 sq ft along with a residential building comprising of
11800 sq ft consisting of stilt and five floors and bounded By: East:
Private Property, West: Road, North: Venkatappa’s Property and
South: Road
SCHEDULE “B” PROEPTY:(UNDIVIDED RIGHT, TITLE,
INTEREST, AND OWNERSHIP SOLD HERIN)
300 sq ft of undivided share, right title, interest and ownership in the
Schedule “A” Property
SCHEDULE “C” PROEPTY: Flat No.101 on Ground Floor, in the
apartment building known as “BABU ENCLAVE”, Constructed on
land bearing Site No.1, New No.2, of Sy. No.197/6, situated at 6 th
Cross, Kaggadasapura, C V Raman Nagar, Bangalore-560093,
consisting of Three Bed Rooms, Pooja Hall, Kitchen and Bathroom,
measuring 1250 sq ft along with One Car Parking Space
Reserve Price
Rs.49,00,000/-(Rupees Forty Nine Lakhs Only)
Earnest Money Deposit
Bid increment Amount
Last date for submission of tender form
along with EMD and KYC documents
Date & time of opening online offers
Rs.4,90,000/-(Rupees Four Lakhs Ninety Thousand Only)
Rs.25,000/- or in such multiples
19/07/2016 before 5.00 PM
21/07/2016 between 10.30 AM to 11.30 AM
Note: The intending bidder/purchaser may visit to bank’s website www.vijayabank.com and click on
the tab “Tender” or visit the Government website www.tenders.gov.in for detail terms and conditions
regarding auction proceeding.
Place: Bangalore
Date: 15 /06/2016
Authorised office
Vijaya bank, Ulsoor Branch
Terms and conditions of Sale:
1. Auction/bidding shall only be through “online electronic mode” through the website of the Service
https://www.bankeauctionwizard.com. M/s. Antares Systems Limited, Bangalore is the Service
Provider to arrange e-auction platform.
2. The bidders may participate in e-auction for bidding from their place of choice internet connectivity
shall have to be ensured by bidder himself. Bank/Service Provider shall not be held responsible for
the internet connectivity, network problems, system crash down, power failure etc.
3. For details, help, procedure and online training on e-auction prospective bidders may contact the
Service Provider M/s. Antares Systems Limited, 24, 1st Floor, Sudha Complex 3rd Stage, 4th Block,
Basaveshwara Nagar, Bangalore – 560079, Phone No. 080-40482000. Contact Person Mr. Manohar V
– 9686196756, 9686196758, Email Id: v.manohar@antaressystems.com.
4. Bidders are advised to go through the website https://www.bankeauctionwizard.com –
www.vijayabank.com or visit the Government website www.tenders.gov.in for detailed terms and
conditions of auction sale & auction application form before submitting their Bids for taking part in
the e-auction sale proceedings.
5. For participating in e-auction sale the intending bidders should register their details with the Service
Provider M/s. Antares Systems Limited, Bangalore, well in advance and get the User ID and
password. Only the password may be changed on receiving it. Bidders are required to hold digital
signature certificate for participating in the E-Auction at their own cost
6. The property “SHALL NOT” be sold below the reserve price i. e Rs.49,00,000/-(Rupees Forty Nine
Lakhs Only).
7. The successful bidder should deposit 25% of the bid amount (including EMD) on the same day of the
sale, being knocked down in his favor and balance 75% of bid amount within 15 days after the sale
date by RTGS/NEFT/Funds Transfer to the credit of A/C No. 121600301000733, Vijaya Bank, Ulsoor
Branch, Bangalore through IFSC Code “VIJB0001216“or by Demand Draft /Pay Order in favor of
Vijaya Bank, Ulsoor Branch payable at Bangalore.
8. In case of default in payment at any stage by the successful bidder/auction purchaser within the
stipulated time, the sale will be cancelled and the amount already paid will be forfeited and the
property will be again put to sale.
9. The successful bidder shall bear the charges payable for conveyance, Registration fee, stamp duty etc.,
as applicable in related laws.
10. Bids once made shall not be cancelled or withdrawn. All bids made from the user ID given to bidder
will be deemed to have been made by him only.
11. Prospective bidders are advised to peruse the copies of Title deeds with the Bank and verify the latest
Encumbrance Certificate and other Revenue/Municipal records to exercise due diligence and satisfy
themselves on the Title and Encumbrances, if any over the property.
12. All bidders shall be deemed to have read and understood the terms and conditions of sale and be
bound by them.
13. The Authorized Officer may postpone/cancel the e- Auction without assigning any reason thereof.
14. In case the e-Auction scheduled is postponed to a date before 30 days from the scheduled date of sale,
it will be displayed on the website of the Service Provider.
Note: The intending bidders may contact Vijaya Bank, Ulsoor Branch, No11/12, Cambridge Road,
Ulsoor, Bangalore-560008, for ascertaining the details of property and also for inspection of property on
the date fixed by the Bank (Contact No. 080 - 25554696/25546443) Email ID: vb1216@vijayabank.co.in
Place: Bangalore
Date: 15 .06.2016
Authorised Officer
Vijaya Bank, Ulsoor Branch.