PUNJAB NATIONAL BANK BO: JAGADHRI CHRISTIAN HOSPITAL (PH: 01732-241423, MOB: 09729874292 E-mail: bo4059@pnb.co.in) PUBLIC/E- AUCTION SALE NOTICE PUBLIC NOTICE FOR PUBLIC AUCTION/ E-AUCTION FOR SALE OF IMMOVABLE PROPERTIES Sale of immovable property /ies mortgaged to Bank under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (No.54 of 2002) Whereas, the Authorized Officer of Punjab National Bank has taken possession of the following property/ies pursuant to the notice issued under Section 13(2) of the Security Interest (Enforcement) Rules 2002 in the following loan account with right to sell the same on “AS IS WHERE IS BASIS and AS IS WHAT IS BASIS” for realization of Bank’s dues plus interest as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Bank’s dues by sale of the said property/ies. DESCRIPTION OF IMMOVABLE PROPERTIES Name of the Account and Bank Branch Details of property Outstanding Amount & Demand Notice Date M/s B.S.Industries at Punjab National Bank, BO: Jagahdri Christian Hospital Land and Building of Commercial and Residential House No-C-2/87,Plot No.22 Waka Gopal Nagar, Measuring 64.2 Sq yds within Municipal Limit Jagadhri owned by Shri Bir Singh S/o Shri Bhoop Singh vide sale deed No.5163 dated 06/11/2003 Registered with Sub Registrar Jagadhri.Boundries are -East:-36’-6”& Property of Narang Metal, West:36’6”& Plot No 22-A ,North:-15’10”& Road AND South:-15’10” House of other. Rs. 5,12,273.53 (Rupees: Five Lac Twelve Thousand Two Hundred seventy three and paisa fifty three only) as on 31.01.2015 and further interest w.e.f.01.02.2015 plus cost,minus recovery, if any.(Demand notice date 19.05.2015) Reserve Price (Rs. In lac) EMD Bid Increase Amount Rs. 10.40 lac Rs.1.05 lac Date/ Time / of EAuction Last date & time of submission of EMD and KYC Documents Site for E-Auction 27.11.2015, 1.00 P.M. to 2.00 P.M. 23.11.2015 4:00 p.m. www.pnbindia.biz Rs. 0.50 lac BANK HAS SYMBOLIC POSSESSION OF THE SAID PROPERTY/SECURED ASSETS. PHYSICAL POSSESSION YET TO BE TAKEN TERMS & CONDITIONS: The sale shall be subject to the conditions prescribed in the Security Interest (Enforcement) Rules 2002 and to the following further conditions: i. ii. iii. iv. v. The properties are being sold on ‘AS IS WHERE IS BASIS WHAT IS WHERE IS BASIS and WITHOUT ANY RECOURSE BASIS’ The purchasers should make their own inquiries regarding any statutory liabilities, arrears of property tax, electricity dues, etc. of the firm/company/Trust by themselves including liability on account of workers dues, if any, before participation in the e-auction/sale. The particulars of Secured Assets specified in the Schedule hereinabove have been stated to the best of the information of the Authorised Officer, but the Authorised Officer shall not be answerable for any error, misstatement or omission in this proclamation. The secured asset will not be sold below the reserve price, 10,40,000/- (Rs.Ten lac Forty thousand only). EMD amount RS. 1.05 lac. The auction sale will be “online through e-auction” portal http://pnbindia.biz The bidders are also advised to go through the portal http://pnbindia.biz for detailed terms and conditions for e-auction sale before submitting their bids and taking part in the e-auction sale proceedings and or contact Sh. A.K. Goel, Assistant General Manager, the Authorised Officer ( Mobile No. 09896170197) or Sh. Sh. Subhash Chand, Branch Manager (9729874292). PUNJAB NATIONAL BANK BO: JAGADHRI CHRISTIAN HOSPITAL (PH: 01732-241423, MOB: 09729874292 E-mail: bo4059@pnb.co.in) vi. vii. viii. ix. x. xi. xii. xiii. xiv. xv. PUBLIC/E- AUCTION SALE NOTICE The interested bidders shall deposit the EMD, Rs 105000/- (Rs One lac Five thousand only) by way of Demand Draft favouring “The Authorised Officer, Punjab National Bank” payable at Yamuna Nagar or through NEFT/RTGS to the following Account: PNB E Auction for sale account No: 4059002200000015 (IFSC Code PUNB0405900) on or before 23/11/2015 upto 4 pm.”The draft should not be of a Cooperative-Bank. Thereafter, on deposit of EMD, the bidders shall submit- 1.Proof of deposit of EMD (When remitted through NEFT/RTGS) or Demand Draft in original (* Where payment by way of draft is stipulated for) 2. ID Proof, that isScanned copies of PAN card etc. 3. Proof of residential address 4. (a)Bidder’s Name (b) Mobile No./Contact No.(c) Address (d) E-Mail Address(5)Bidder’s A/C details for on line refund of EMD, if any. 5. The bidders other than individuals shall also submit proper mandate for e-bidding. Bidder is to submit these documents through e-mail to the Authorised Officer/Nodal Officer at e- mail address cokkrsamd@pnb.co.in and also to submit self attested hard copies of these documents (Demand Draft in original)to the Authorised Officer, at the Branch address mentioned hereinabove in the envelope super scribing as ‘Bid in the A/c M/s B.S. Industries. The interested bidders are required to obtain login ID and Password well in advance, which is mandatory for e-bidding, from Sh. UMESH BHATIA ( Mobile No. 09034008051), Circle Office, Kurukshetra. (Address with Pin Number). The login ID and Password would be sent through e-mail address as provided by the Bidder. In case bidder has not received the same, he should contact the aforesaid official. Only those bidders holding valid user ID & Password and confirmed payment of EMD through NEFT/RTGS/*Demand Draft (* Where payment by way of draft is stipulated for) shall be eligible to participate in the on line e-auction. The Authorised Officer reserves the right to accept any or reject all bids, if not found acceptable or to postpone/cancel /adjourn/discontinue or vary the terms of the auction at any time without assigning any reason whatsoever and his decision in this regard shall be final. The bidders shall improve their offer in multiple of Rs.50,000/- (Rs Fifty Thousand only). In case bid is placed in the last 5 minutes of the closing time of the auction, the closing time will automatically get extended for 5 minutes. Auction would commence at the reserve price and bidders shall improve their offer as stated hereinabove. On closure of ‘on line auction’, the highest bidder shall be declared as successful bidder and such sale shall be subject to confirmation by the Secured Creditor. The successful bidder shall have to deposit 25% of the bid/sale amount immediately to the account mentioned at Sl. No. vi above or by Demand Draft and the earnest money shall be adjusted towards 25% of the bid/sale amount. In case of default in payment of the remaining 25% of the bid amount within the prescribed period, the amount deposited will be forfeited and the secured asset will be resold. The successful bidder shall be required to deposit the balance 75% of the bid amount within 15 days from the date of confirmation of sale. In case of default in payment of the remaining 75% of the bid amount within the prescribed period, the amount deposited will be forfeited and the defaulting purchaser shall forfeit all claims to the property or to any part of the sum for which it may be subsequently sold. If the dues of the bank together with all costs, charges and expenses incurred by them or part thereof as may be acceptable to the bank are tendered by/on behalf of the borrowers or guarantor/s, at any time on or before the date fixed for sale, the sale of asset may be cancelled. PUNJAB NATIONAL BANK BO: JAGADHRI CHRISTIAN HOSPITAL (PH: 01732-241423, MOB: 09729874292 E-mail: bo4059@pnb.co.in) xvi. xvii. xviii. xix. xx. xxi. xxii. xxiii. xxiv. PUBLIC/E- AUCTION SALE NOTICE All statutory dues/attendant charges/other dues including registration charges, stamp duty, taxes ,TDS etc. shall have to be borne by the purchaser. The sale certificate shall be issued in the same name in which the Bid is submitted. The bidders who do not have access to the internet but interested in participating in the e-auction, they can contact the Sh. VIKRANT SEHGAL ( Mobile No. 09996257550), Circle Office Kurukshetra. Any other encumbrances known to the Bank –is not known. The Authorized Officer or the Bank shall not be responsible for any charge, lien, encumbrances, or any other dues to the Government or anyone else in respect of properties E-Auctioned)The Intending Bidder is advised to make their own independent inquiries regarding the encumbrances on the property including statutory liabilities, arrears of property tax, electricity dues etc. The bidder should ensure proper internet connectivity, power back-up etc. The Bank shall not be liable for any disruption due to internet failure, power failure or technical reasons or reasons/contingencies affecting the e-auctions. This publication is also 30 days notice to the Borrower/Mortgagor/Guarantors. ™ Interested Parties may inspect the properties on 21st November 2015 from 11AM to 4PM The EMD will be refunded to the unsuccessful bidders within 7 days from the date of auction and the bidders will not be entitled to claim any interest, costs, expenses and any other charges (if any). Bank may also go for self-bidding in the eligible cases. STATUTORY 30 DAYS SALE NOTICE UNDER THE SARFAESI ACT, 2002 The borrower/ guarantors are hereby notified to pay the sum as mentioned above along with upto date interest and other expenses/charges before the date of public/e-Auction, failing which the property will be auctioned/ sold and balance dues, if any, will be recovered with interest and cost. Date: 18.10.15 Place: Jagadhri, Yamunanagar(CO: Kurukshetra) Authorised Officer, Punjab National Bank (Secured Creditor)