credit recovery and legal service department …

17
CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT REGIONAL OFFICE The Capital Building, 1 st Floor, Opp. Kulkarni Garden, Sharanpur Road, Nasik 422 005 TELEPHONE : (0253) 2317771, 2317772 FAX: (0253) 231773 E-AUCTION NOTICE Whereas the Bank acting through its Authorized Officer, in exercise of its powers under Section 13(4) of Securitisation Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SRFAESIA), has decided to put up for sale by e-auction the Schedule-1, PART -A property for realization of the Schedule-1, PART-B debts due to the Bank, upon the following terms and conditions: 1. Conditions of Sale: a) Sale is being held on AS IS WHERE IS, WHATEVER THERE AND WITHOUT RECOURSE basis and the Bank is not responsible for title, condition or any other fact affecting the property. The property is under physical possession of the bank. b) The auction sale will be “Online E- Auction through website https://ubi.auctiontiger.net on 15.10.2020 whose services are engaged by the bank for conducting e-auction of the mortgage property. The intending bidders are advised to access the web-site of the above e-auction agency to familiarize with the rules and regulation of the e-auction, which will provide online training to the bidders to participate in the e-auction. The contact details of the above agency:- E-Procurement Technologies Limited (Auction Tiger) A-801, Wall Street=II, Opp. Orient Club, Nr. Gujarat College, Ellis Bridge, Ahmedabad-380 006 [Support Help Desk No:-

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Page 1: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT

REGIONAL OFFICE

The Capital Building, 1st Floor, Opp. Kulkarni Garden, Sharanpur Road, Nasik – 422

005 TELEPHONE : (0253) 2317771, 2317772 FAX: (0253) 231773

E-AUCTION NOTICE

Whereas the Bank acting through its Authorized Officer, in exercise of its powers under

Section 13(4) of Securitisation Reconstruction of Financial Assets and Enforcement of Security

Interest Act, 2002 (SRFAESIA), has decided to put up for sale by e-auction the Schedule-1,

PART -A property for realization of the Schedule-1, PART-B debts due to the Bank, upon the

following terms and conditions:

1. Conditions of Sale:

a) Sale is being held on AS IS WHERE IS, WHATEVER THERE AND WITHOUT

RECOURSE basis and the Bank is not responsible for title, condition or any other fact

affecting the property. The property is under physical possession of the bank.

b) The auction sale will be “Online E- Auction through website

https://ubi.auctiontiger.net on 15.10.2020 whose services are engaged by the bank for

conducting e-auction of the mortgage property. The intending bidders are advised to

access the web-site of the above e-auction agency to familiarize with the rules and

regulation of the e-auction, which will provide online training to the bidders to

participate in the e-auction. The contact details of the above agency:- E-Procurement

Technologies Limited (Auction Tiger) A-801, Wall Street=II, Opp. Orient Club,

Nr. Gujarat College, Ellis Bridge, Ahmedabad-380 006 [Support Help Desk No:-

Page 2: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

079- 40230841/844/806/813/814/815/816 Mo-06351896832, 09067799646 &

09619120214; or contact concerned Authorized Officer as mentioned below in

schedule- 1. The particulars specified in the Schedule-1 have been stated to the best of

information of the Bank and the Bank will not be answerable for any error,

misstatement or omission.

c) For the reasons recorded, it shall be discretion of the Authorised Officer to cancel the

sale for any reason and return the bids submitted and Bank would not entertain any

claim or representation in that regard from the bidders.

d) The person declared by the above e-auction agency as the highest bidders of the

property shall deposit 25% (twenty five percent) of sale price after adjusting the earnest

money (EMD) within 24 hours of closure of e-auction. The sale of the property shall

be confirmed in favour of the highest bidder on receipt of the 25% of the sale price. If

the successful bidder fails to deposit 25% of sale price as stipulated here in above then

the sale will be cancelled and earnest money deposited shall be forfeited.

e) The successful bidder shall deposit the remaining amount (i.e. 75% of the sale price)

within 15 days from the date of confirmation of sale by the Bank and in default of

payment as aforesaid the sale will be cancelled and amount deposited till confirmation

of sale will be forfeited. In that event the property will be put up for sale again as

determined by Authorised Officer. On receipt of the entire sale price the Authorised

Officer will issue sale certificate in favour of the successful bidder.

f) On issuance of Sale Certificate by the Bank, sale shall be complete and no claim shall

be entertained by the Bank. If the intending purchaser desires to execute any further

document relating to the sale then the purchaser shall bear all cost and expenses

required for preparation and execution of such documents. The documents prepared by

the intending purchaser shall be vetted and approved by the bank’s panel advocate at

the cost and expenses of the said purchaser.

Page 3: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

g) Nothing in this notice constitutes or will be deemed to constitute any commitment or

representation on the part of the Bank to sell the property. Bank reserves the right to

cancel the sale for any reason it may deem fit or even without assigning any reason and

such cancellation shall not be called in question by the bidders.

h) The applicants/tenderers are advised to take inspection of records from the appropriate

authorities to satisfy about the right / title etc., of the land & building in question to

satisfy themselves in all respects before making any offers as later on, no objection of

any kind shall be entertained in this respect by the Authorised Officer or any other

authority or institution.

i) The e-auction shall be held on https://ubi.auctiontiger.net between 11.00 A.M to 1:00

P.M. with extension of 10 minutes duration after 1:00 P.M., if required. During the e-

auction process the intending bidders shall improve their offer in multiple of Rs.

25,000/- (as decided by the Authorised Officer).

j) The Bank reserves its right to accept, reject any or all bids at any stage and vary, modify

and waive any condition of sale in its absolute discretion without assigning any

reason(s).

h) Bidders have to submit them KYC document and quotation online on

https://ubi.auctiontiger.net on or before 5.00 PM on 13.10.2020 along with

RTGS/NEFT/Demand Draft/Pay order for 10% reserve price for each property towards

the earnest money deposit (EMD).

3. Bid for the property and the EMD shall be submitted in separate covers. Cheques will

not be accepted for EMD. Any bid accompanied by a cheque is liable to be disqualified.

4. Bid shall be unconditional and shall only contain the Offer Price for the property being

sold. Along with the bid the intending bidders will submit their e-mail address, contact

Page 4: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

numbers, copy of PAN card and address proof. Bids with conditions are liable to be

rejected.

5. On the date of e-auction all the intending bidders are advised to log on to the website

of the e-auction agency within 15 minutes of opening of the e-auction to participate in

the auction proceedings failing which the EMD deposited shall be forfeited.

6. The EMD amount of the unsuccessful bidders shall be returned without any interest

immediately after the closure of the e-auction proceedings.

7. Brokers/Middleman shall not be entertained.

Schedule -1

Part- A

Lot

Number

Description of property and

the name of the owner

Reserve

Price (In

Rs.)

EMD payment

Details

RTGS/NEFT

Demand Draft/Pay

Order

Details of

Encumbrance

s as known to

Bank

1. All the piece and parcel of Flat

no. 02, First Floor, Wing “F”

Nishant Iken, Gat no. 1084,

Behind Hotel Shahu, Mhasrul

Adgaon Road, Adgaon, Tal &

Dist- Nasik. Area 36.60 Sq. Mts.

11,52,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank.

2. All the piece and parcel of Flat

No. A 1-9, Building A- 1, ,

Second Floor, Satnam Co-Op

Housing Society Ltd, S. No. 38-

A/2/3, Sansari Naka, Lam Road,

at Mauje Sansari, Tal & Dist

Nashik. Area- 58 Sq Mts

14,58,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank.

Page 5: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

3. All the piece and parcel of

‘Sejal” Bunglow Area 71.37 Sq.

Mts. (Build Up - 768 Sq Fts), Gat

No. 2668/A/2, Plot No. 51 Area

Admeasuring 71.37 Sq Mts

situated and lying at Village-

Ozar (MIG), Tal- Niphad, Dist-

Nasik

24,48,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank.

4. All the piece and parcel of Non

Agri. Property Bearing Gat No.

34/2, Plot No. 36, Area

Admeasuring 309 Sq. Mts.

Situated at Mauje Chunchule,

Tal & Dist- Nasik

26,79,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank.

5. All the piece and parcel of Flat

No. 4, Built up Area 660.00 Sq

Fts, Municipal House No.

621/1206/003, Ground Floor,

Deepjyot Co. Op. Housing

Society Ltd. Model Colony, Plot

No. 29, S. No. 22B+22A/2B,

Behind Nirgude Hospital, Jail

Road, Vill- Dasak, Tal & Dist-

Nasik

16,56,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank

6. All the piece and parcel of

property at “Shanikunj”

Bungalow, Eastern half of the

Plot No. 23, measuring 270.00

Sq Mts. At Survey No. 5/2/17 to

20, Near Water tank, Shrikrishna

Nagar, Makhmalabad, Tal &

Dist- Nasik

28,08,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340.

Not known to

Bank

Page 6: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

7. All the piece and parcel of NA

Property bearing Shop No. 2, 3

and 4, on ground floor, Area

admeasuring 83.6 Sq Mts in the

Khwaja Garib Nawaz Palace,

Building at CTS 3325, Dudh

Bazar, Near Hotel Iqbal,

Trimbak Darwaja, Pinjar Ghat

Road, Nasik Dist- Nasik

33,75,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank

8. All the piece and parcel of Flat

No. G-3, Area Adm- 81.69 Sq.

mts, and garden area 21.5 Sq

Mts. On ground floor,

Bhaktidham Apartment, S. No.

104/1/17 to 20 and 29+30, out

of plot no. 29+31, Near Sai

Akshada Mangal Karyalaya,

Wadala Pathardi Road, Village -

Wadala, Tal & Dist- Nasik

26,91,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank

9. All the piece and parcel of Flat

No. 12 A, Built Up Area 60.40

Sq. Mts. At saubhagyalaxmi Co-

Op Society, at Gandharva

Nagari, Nasik Road, Nasik.

Area- 60.40 Sq. Mts.

16,38,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank

10. All the piece and parcel of

House No. N-32/P/20/06, In

third scheme, Plot Area 35.28

Sq. Mts. (Built Up Area- 18.06

Sq Mts), at CIDCO Tal & Dist-

Nasik

13,32,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank

Page 7: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

11 All the piece and parcel of Shop

No. 13, Ground Floor, Bharat

Apartment, Sinhastha Nagar,

Neighbourhood Bhadrapad,

CIDCO, Plot No. 7+8, Sector No.

C-1, Near Saint Lawrence Road,

Nashik Tal & Dist- Nasik (Area-

20.45 Sq Mts.)

11,88,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank

12 All the piece and parcel of Row

Bungalow No. 11, Admeasuring

69.69 Sq Mts. Balaji Row

Houses, Plot No. 34+35+36+37,

S. No. 582/1, Near Royal Town,

Swami Nagar, Vill-

Makhmalabad, Nasik Tal & Dist-

Nasik

27,00,000/- A/c No.

0340013881200101

IFSC CODE:

CORP0000340

Not known to

Bank

13 All the piece and parcel of

Residential Row Bungalow No.

02, Groung+ First Floor, Shiv

Row Bungalow, Plot No. 13, S.

no. 197/2A, Near New Water

Tank & Radhakrushna

Apartment, Ganga Sagar Nagar,

Off Satpur - Gangapur Link

Road, Pimpalgaon Bahula

Shiwar, Nasik. Area- 70.80 Sq.

Mts.

22,02,000/- A/c No.

11371029380121

IFSC Code

ANDB0001137.

Not known to

Bank

14 All the piece and parcel of

Residential Flat no. 08, 4th

Floor, Sundaram Apartment Co-

Op housing Society Ltd on Plot

No. 5, S. no. 487/B/1/ part

near Rohit Hospital, Satpur

29,68,000/- A/c No.

11371029380121

IFSC Code

ANDB0001137.

Not known to

Bank

Page 8: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

Colony, Off Trambak Road,

Satpur, Nasik

15 All the piece and parcel of Flat

No. 4, 1st Floor, Wing A, Bage

Nasheman Co-op Housing

Society Ltd. CTS No. 1567/D, S.

No. 243/3-3B/2, Behid Patil

Garage Road, Deolaligaon,

Nasik Road, Deolali Shiwar, Tal

& Dis- Nasik. Area- 69.21 Sq.

Mts.

20,52,000/- A/c No.

502001980050000

IFSC Code:

UBIN0550205

Not known to

Bank

16 All the piece and parcel of Flat

No. 13/B, Shree Shreeniwas

Apartment, Plot No. 170 & 171,

Mauza Pimpalgaon Bahula,

Nasik. Area-

13,59,000/- A/c No.

694101980050000

IFSC Code:

UBIN0550205

Not known to

Bank

17 All the piece and parcel of

Flat No. 8, 3rd Floor, Saroj

Residency, Plot No. 25, S. No.

58/3, Behind Kadam Lawns,

Dhruvnagar Nasik, Area-

14,07,000/- A/c No.

694101980050000

IFSC Code:

UBIN0550205

Not known to

Bank

18 All the piece and parcel of

Flat No. 4, 1st Floor, Madaar

Apartment, Wing B, Plot No. 2,

S. no. 67/3/1, Behind Madaar

Lawns, wadala Nasik. Area-

38.96 Sq. Mts.

12,99,000/- A/c No.

504301980050000

IFSC Code:

UBIN0550205

Not known to

Bank

Date of e-auction 15.10.2020 (11.00 A.M to 1:00 P.M.) with

unlimited Auto extensions of 10 min.

Page 9: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

Date of Inspection 09.10.2020

Earnest Money(EMD) For Lot No. 1- Rs. 1.15 Lakhs

For Lot No. 2- Rs. 1.46 Lakhs

For Lot No. 3- Rs. 2.44 Lakhs

For Lot No. 4- Rs. 2.67 Lakhs

For Lot No. 5- Rs. 1.65 Lakhs

For Lot No. 6- Rs. 2.80 Lakhs

For Lot No. 7- Rs. 3.37 Lakhs

For Lot No. 8- Rs. 2.69 Lakhs

For Lot No. 9- Rs. 1.63 Lakhs

For Lot No. 10- Rs. 1.33 Lakhs

For Lot No. 11- Rs. 1.18 Lakhs

For Lot No. 12- Rs. 2.70 Lakhs

For Lot No. 13- Rs. 2.20 Lakhs

For Lot No. 14- Rs. 2.96 Lakhs

For Lot No. 15- Rs. 2.05 Lakhs

For Lot No. 16- Rs. 1.35 Lakhs

For Lot No. 17- Rs. 1.40 Lakhs

For Lot No. 18- Rs. 1.30 Lakhs

Last date of receipt of bid/tenders 13.10.2020 till 5 .00 P M

Page 10: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

Schedule -1

Part- B

S.

No.

Branch Name of

borrower &

Guarantor

Debt due plus

further

interest

Costs

recoverable

Authorised

Officer

1. Nasik Main (E-

Corp)

Mr. Harichandra

Kanhaiya

Bendwal, Mr.

Kanhaiya Bhika

Bendwal, Ms

babali

Harichandra

Bendwal

(Borrowers),

Mr. Madanlal

Jawaharlal Jedhe

(Guarantor)

Rs.

10,76,310.00 (

as on

06/07/2019 )

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

2. Nasik Main (E-

Corp)

M/s Madam’s

Collection Prop-

Rani Harish

Vachhani

(Borrower),

Harish

Phagundad

Vachhani

(Guarantor)

Rs. 9,65,503.00

(as on

16/03/2019 )

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

3. Nasik Main (E-

Corp)

Microvision

Technologies Pvt

Ltd. Directors –

Shri Atul

Nemichand

Dhadiwal & Smt.

Priti Atul

Dhadiwal

Rs.

52,10,832.51

(as on

01/10/2019)

and further

interest

thereon.

Nil Shri Jitesh

Parmar

9601682125

Page 11: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

(Borrowers /

Guarantors)

& Kelvin

Technologies,

Prop- Shri Atul

Nemichand

Dhadiwal & Smt.

Priti Atul

Dhadiwal

(Borrowers /

Guarantors)

4. Nasik Main (E-

Corp)

M/s National

Scrap Center and

Wooden Packers,

Prop- Bismillah

Yunus Siddiqui

(Borrower),

Mrs Sarjahan

Bismillah

Siddiqui

Rs.

28,25,404.00

(as on

04/07/2019)

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

5. Nasik Main (E-

Corp)

Ms. Nilam Maruti

Unawane

(Borrower) & Mr.

Benjamin John

Kharat

(Guarantor),

Santosh Namdeo

Kathale

(Guarantor)

Rs.

15,88,504.00

(as on

05/10/2019 )

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

6. Nasik Main (E-

Corp)

Mr. Ravindra

Ramdas Avhad &

Mrs. Rekha

Ravindra Avhad

(Borrowers), Mr.

Vishnu Ramdas

Rs.

16,55,781.99

(as on

06.07.2019 )

and further

Nil Shri Manish

Kumar

7506921112

Page 12: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

Wakalkar & Mr.

Vinod Subhash

Bafna

(Guarantors)

interest

thereon

7. Nasik Main (E-

Corp)

M/s Right Choice

Foot Wear, Prop

– Shaikh Rauf

Abdul Gani

Shaikh

(Borrower)

Motlani Ajij

Umar

(Guarantor)

Rs. 5,62,948.63

(as on

01.10.2019)

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

8. Nasik Main (E-

Corp)

Mr. Samadhan

Nivrutti Jadhav,

Mrs. Lilabai

Nivruti Jadhav,

& Mrs. Seema

Sanadhan

Jadhav,

(Borrowers), Mr.

Boraste Anna

Ganpat

(Guarantor)

Rs.

25,83,293.00

(as on

21.02.2019)

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

9. Nasik Main (E-

Corp)

Mr. Sunanda

Bhalchandra

Patdar

(Borrower)

Mr. Ravikumar

Sangappa

Ainapure

(Guarantor)

Rs.

10,42,202.00

(as on

06.07.2019)

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

10. Nasik Main (E-

Corp)

M/s Swami

Samarth Book

Binding,

Rs. 6,02,506.00

(as on

05.10.2019)

Nil

Shri Jitesh

Parmar

9601682125

Page 13: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

Partners- Mr.

Harinandan Vijay

Prasad & Ms

Manda Rama

Kangane

(Borrowers /

Guarantor)

and further

interest

thereon

11. Nasik Main (E-

Corp)

M/s Vibhuti

Tailoring and

General Stores,

Prop- Sunita M

Jain (Borrower)

Mr. Mithalal

Kisanlal Jain

(Guarantors)

Rs.

11,23,159.00

(as on

05.10.2019)

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

12. Nasik Main (E-

Corp)

Mr. Govinda

Sanjay Vispute

Mr. Sanjay

Balkrushna

Vispute

(Borrower) & Mr.

Rajendra

Somnath Wagh

(Guarantor)

Rs.

26,88,627.33

(as on

04.10.2018)

and further

interest

thereon

Nil Shri Jitesh

Parmar

9601682125

13. Nasik (E-

Andhra)

M/s Safeway

Industries,

Partners- Mr.

Vishal Keshav

Kulkarni, Gopal

Bhatu Mali,

Sandip Balu

Kawale, Milind

Jagannath

Jadhav,

Rs.

26,88,627.33

(as on

04.10.2018)

and further

interest

thereon

Nil Shri Arup

Kumar Das

7030902249

Page 14: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

14. Saubhagyanagar

(UBI)

Mr. Ejaj Akil

Sayyad

Rs.

16,04,001.50

(as on

31.03.2019)

and further

interest

thereon

Nil Shri Sachin

Pagare

9422895400

15. Gangapur Road

(UBI)

Nandkumar

Atmaram Patil

Rs.

10,93,116.31

(as on

31.05.2018)

and further

interest

thereon

Nil Shri

Pramod

Kumar

Bhagat

9507643954

16. Gangapur Road

(UBI)

Ganesh Ananta

Karanjkar

Rs. 9,84,273.50

(as on

30.06.2019)

and further

interest

thereon

Nil Shri

Pramod

Kumar

Bhagat

9507643954

17. Deepalinagar

(UBI)

Mr. Zahid

Valimohammad

Shaikh and Mrs.

Rubina Zahid

Shaikh

Rs.

12,76,738.00

(as on

30.06.2019)

and further

interest

thereon

Nil Shri Sachin

Pagare

9422895400

The borrower/guarantors are hereby noticed to pay the sum mentioned as above before

the date of auction failing which property will be auctioned and the balance if any will be

recovered with interest and cost from you.

AUTHORISED OFFICER

Place -: Nasik UNION BANK OF INDIA

Date: 08/09/20

Page 15: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

Regional Office, Nasik

The Capital Building, 1st Floor, Opp. Kulkarni Garden, Sharanpur Road,

Nasik-422005 TELEPHONE : (0253) 2317771, 2317772 FAX : (0253) 231773

TERMS & CONDITIONS OF ONLINE E- AUCTION SALE

1. The Property is being sold on “AS IS WHERE IS, WHATEVER THERE &

WITHOUT RECOURSE BASIS”. As such sale is without any kind of warranties &

indemnities.

2. Particulars of the property / assts (viz. extent & measurements specified in the E-Auction

Sale Notice has been stated to the best of information of the Bank and Bank shall not be

answerable for any error, misstatement or omission. Actual extant & dimensions may

differ.

3. E-Auction Sale Notice issued by the Bank is an invitation to the general public to submit

their bids and the same does not constitute and will not be deemed to constitute any

commitment or any representation on the part of the Bank. Interested bidders are advised

to peruse the copies of title deeds with the bank and to conduct own independent enquiries

/due diligence about the title & present condition of the property / assets and claims / dues

affecting the property before submission of bid/s.

4. Auction/bidding shall only be through “online electronic mode” through the website

https://ubi.auctiontiger.net provided by the service provider E-Procurement

Technologies Limited (Auction Tiger) A-201, Wall Street=II, Opp. Orient Club,Nr.

Gujarat College, Ellis Bridge, Ahmedabad-380 006 who shall arrange & coordinate the

entire process of auction through the e-auction platform.

5. 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 own, power

failure etc.

6. For details, help, procedure and online bidding on e-auction prospective bidders may

contact the Service Provider [Support Help Desk No:-079

40230841/844/806/813/814/815/816 Mo-06351896832, 09067799646 & 09619120214;

Page 16: CREDIT RECOVERY AND LEGAL SERVICE DEPARTMENT …

Contact Persons Mr. Manoj Dewari & Vijay Shetty, E-mail:

[email protected] and Contact concerned authorized officer or

Email:[email protected]

7. For participating in the e-auction sale the intending bidders should register their details with

the service provider E-Procurement Technologies Limited (Auction Tiger) A-201, Wall

Street=II, Opp. Orient Club, Nr. Gujarat College, Ellis Bridge, Ahmedabad-380 006

through website https://ubi.auctiontiger.net well in advance and shall get the user id and

password. Intending bidders are advised to change only the password immediately upon

receiving it from the service provider.

8. For participating in e-auction, intending bidders have to deposit a refundable EMD of 10%

of reserve price by way of RTGS/NEFT/Funds Transfer to the credit of on or before

13.10.2020 by 5.00 pm along with bid in Account Numbers as mentioned in Schedule-I,

Part A on Page No. 4 and 5.

9. The intending bidders should submit the duly filled in Bid Form (format available in the

above website) along with the DD / PO / quoting the UTR No. of NEFT/RTGS remittance

towards EMD in a sealed cover addressed to the Authorized Officer, Union bank of India,

latest by 5:00 PM on or before 13.10.2020. The sealed cover should be super scribed

with “Bid for participating in E-Auction Sale- - (Name of the Borrower.)

10. After expiry of the last date of submission of bids with EMD, Authorised Officer shall

examine the bids received by him and confirm the details of the qualified bidders (who

have quoted their bids over and above the reserve price and paid the specified EMD with

the Bank) to the service provider M/s E-Procurement Technologies Limited (Auction

Tiger) to enable them to allow only those bidders to participate in the online inter se

bidding /auction proceedings at the date and time mentioned in E-Auction Sale Notice.

11. Interse bidding among the qualified bidders shall start from the highest bid quoted by the

qualified bidders. During the process of interested bidding, there will be unlimited

extension of “10” minutes each, i.e the end time of e- auction shall be automatically

extended by 10 Minutes each time if bid is made within 10 minutes from the last extension.

12. 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 alone.

13. Immediately upon closure of E-Auction proceedings, the highest bidder shall confirm the

final amount of bid quoted by him to the Authorised Officer, Union Bank of India, and the

Service Provider for getting declared as successful bidder in the E-Auction Sale

proceedings.

14. The successful bidder shall deposit 25% of the bid amount (including EMD) on the same

day of the sale, being knocked down in his favour and balance 75% of bid amount within

15 days from the date of sale by RTGS/NEFT/Funds Transfer to the credit of in Account

Numbers mentioned in Schedule-I Part A on page 4 and 5. In case of default in payment

of above stipulated amounts by the successful bidder / auction purchaser within the

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stipulated time, the sale will be cancelled and the amount already paid (including EMD)

will be forfeited and the property will be again put to sale.

15. At the request of the successful bidder, the Authorised Officer in his absolute discretion

may grant further time in writing, for depositing the balance of the bid amount.

16. Municipal / Panchayat Taxes, Electricity dues (if any) has to be paid by the successful

bidder before issuance of the sale certificate. Bids shall be made taking into consideration

of all the statutory dues pertaining to the property.

17. Sale Certificate will be issued by the Authorised Officer in favour of the successful bidder

only upon deposit of entire purchase price / bid amount and furnishing the necessary proof

in respect of payment of all taxes / charges.

18. Applicable legal charges for conveyance, stamp duty, registration charges and other

incidental charges shall be borne by the auction purchaser.

19. The Authorized officer may postpone / cancel the E-Auction Sale proceedings without

assigning any reason whatsoever. In case the E-Auction Sale scheduled is postponed to a

later date before 30 days from the scheduled date of sale, it will be displayed on the website

of the service provider.

20. The decision of the Authorised Officer is final, binding and unquestionable.

21. All bidders who submitted the bids, shall be deemed to have read and understood the terms

and conditions of the E-Auction Sale and be bound by them.

Place: Nasik Authorized Officer

Date: 08/09/2020 Union Bank of India