ZOSAR BRANCH, 2ND FLOOR, VIJAYA TOWERS, 41/2 M.G.

ROAD, BANGALORE

E-AUCTION SALE NOTICE

E-auction sale notice for sale of immovable assets under the Securitisation and Reconstruction of Financial Assets and Enforcement Security
Interest Act 2002, read with proviso of rule 8(6) of the Security Interest (Enforcement) Rules 2002.
Notice is hereby given to public in general and in particular to the Borrower/s and Guarantor/s that the below described immovable property
mortgaged/charged to the secured creditor. The constructive/ physical possession of which has been taken by the Authorised Officer, Stressed
Asset Management Branch of Vijaya Bank (Now Bank of Baroda) “, will be sold by e-auction through website https://www.bob.auctiontiger.net
on as is where is “As is what is basis” and Whatever there is “for the balance outstanding amount mentioned below. All the details have been
mentioned below;
This is a notice to the borrowers/ guarantors/mortgagors of the below said loans about holding of e-auction sale of the mortgaged
properties/secured assets on the aforesaid dates, if their outstanding dues are not repaid in full by the date of auction.

NAME AND ADDRESS OF THE BORROWER/ MORTGAGOR WITH DESCRIPTION OF THE PROPERTY:
Name address of borrower/ Guarantor:

1. M/S Nikhara Electronix And Allied Technics,

(a) No.75, Byreshwara Industrial Area, AM Road, Peenya, Bangalore- 560091
(b) Administrative Office:
No.24, Hegganahalli Main Road, Near Mohan Theatre, Gajanna Nagar, Vishwadeepam Post, Bangalore- 560091

Partner and Guarantor

2. Mr. B Lakshman S/O M Balu,
No.131, Sheshadripuram, Bangalore- 560020
3. Mrs. Shantha Gowda W/O B Lakshman,
No.131, Sheshadripuram, Bangalore- 560020

Description of Property/ies
All that piece and parcel of the immovable property bearing Municipal No: 1, PID No.28-94-1, New Municipal No. 1/1, New PID No.28-94-1/1, situated at Ward
No.28, Hospital Road, Avenue Cross Road, Chikkapete, Bangalore-560 054 bounded by:
East: Property Belongs To Sri. Munivenkatappa,
North: Hospital Road,
West: Property Belongs To Sri. Kenchappa,
 South: Property Belongs To Sri. Gangadharappa.
Area of Land: Total: 1537.00 Sft
East- West: Northern Side- 53 Feet; Southern Side- 28+25 Feet; North- South: Eastern Side- 23 Feet; Western Side- 35 Feet
Part Physical Possession taken on 30.06.2018

• BALANCE OUTSTANDING AS ON 30-11-2019:
• DATE, TIME & PORTAL FOR EAUCTION (WITH UNLIMITED
EXTENSION OF FIVE MINUTES DURATION ON EACH BID)
AND BID INCREMENET AMOUNT.
• RESERVE PRICE AND EARNEST MONEY DEPOSIT (EMD)
AMOUNT
• LAST DATE AND TIME OF RECEIPT OF EMD AND BANK
A/C DETAILS WITH IFSC FOR TRANSFER OF EMD
Rs.10,62,76,141.26 (Rupees Ten Crore Sixty Two Lakhs Seventy Six
Thousand One Hundred Forty One and Twenty Six Paise only) plus
interest thereon, charges etc.
DATE:24.12.2019 TIME: 01:00PM to 03:00PM
Portal: https://www.bob.auctiontiger.net
Bid increment: Rs 50,000 /- (Rupees Fifty Thousand only)
Reserve Price: Rs.4,42,00,000/- (Rupees Four Crore and Forty Two
Lakhs Only)
EMD: Rs 44,20,000/- (Rupees Forty Four Lakhs and Twenty
Thousand Only)
Date:21.12.2019 , Time: 3 PM ; Bank: Vijaya Bank (Now Bank of Baroda )
Branch name: Zonal Stressed Asset Recovery Branch, Bangalore.
Bank A/c Name: Authorized Officer
Bank A/c No: 140100301000097 IFSC:VIJB0001401

IMPORTANT TERMS AND CONDITIONS

1. The immovable property will be sold on ““as is where is “as is what is basis” and whatever there is “and will not be sold below reserve price.
2. The interested bidders are advised to visit the portal https://bob.auctiontiger.net for detailed terms and condition of e-auction same and may contact
Authorised Officer ,Bank of Baroda, SAM Branch, Vijaya Towers, 2nd Floor, No.41/2, Trinity Circle, M G Road, Bangalore-560 001 for further details,
telephone no:_080 25584066 Ext. 280/350 email:: armban@bankofbaroda.com / vb1387@vijayabank.co.in
3. Only those bidders having valid login ID and password on e-auction portal and has confirmed payment of EMD and uploaded their KYC details on e-
auction portal will only be permitted to participate in the e-auction.
4. Interested bidders requiring any assistance in creating login ID and password, uploading documents, submitting bid and training on e-bid process may
contact M/s E- Procurement Technologies Ltd, B-704,Wall Street-II, Opp. Orient Club, Near Gujarat college, Ellis Bridge,Ahmedabad-380006, Helpline no:
079-61200552/530/520/515/500, Vijay Shetty: 9619002431/ Tilak Maratha – 6351896832 , Toll free:18001035342, email: support@auctiontiger.net
5. Sale shall be confirmed in favour of the purchaser who has offered the highest sale price in his bid and shall be subject to confirmation by the secured
creditor.
6. Authorised Officer reserves the right to postpone/ cancel/vary the terms and conditions of the e-auction without assigning any reason thereof and his
decision shall be final in this regard.
7. Due care has been taken by the Authorised Officer to include all relevant particulars of the secured asset herein above and neither the Authorised Officer
nor the Secured officer shall be liable for any error, omission or misstatement in this sale notice.
8. 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 140100301000097,Vijaya Bank Now Bank of Baroda,
Overseas Branch, Bangalore through IFSC Code “VIJB0001401“or by Demand Draft /Pay Order in favour of Vijaya Bank, Now Bank of Baroda ,Overseas
Branch payable at Bangalore
9. The successful bidder shall bear the charges payable for conveyance, Registration fee, stamp duty etc., as per applicable laws in State.
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 persue 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
The intending bidders may contact Vijaya Bank, Now Bank of Baroda, SAM Branch, Vijaya Towers, 2nd Floor, No.41/2, Trinity Circle, M G Road,
Bangalore-560 001, for ascertaining the details of property and also for inspection of property on the date fixed by the Bank (Contact No: 080 –
25584066 Extn. 280/350) ,Email ID: armban@bankofbaroda.com / vb1387@vijayabank.co.in,

S/d
Place: Bangalore

Date: 03-12-2019 Authorised Officer, ZOSAR BRANCH