RECOVERY DEPARTMENT, CIRCLE OFFICE: CENTRAL DELHI 4th FLOOR, RAJENDRA

BHAWAN, RAJENDRA PLACE, NEW DELHI-110008 PHONE :011-25713518, EMAIL:

cocdelrd@pnb.co.in
E-AUCTION SALE NOTICE TO GENERAL PUBLIC
Whereas under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the Authorized Officers have issued Demand Notice for recovery of sums
from the borrowers/guarantors/mortgagors (herein referred to as borrowers) as per details given below against each borrower. Further, in exercise of powers contained in the Securitization and Reconstruction of
Financial Assets and Enforcement of Security Interest Act 2002, the respective Authorized Officers have taken possession of the under mentioned secured assets which are held as securities in respect of Loan/
Credit facilities granted to the borrowers listed below. Whereas sale of the secured assets is to be made through Public E-Auction for recovery of the secured debts due to Punjab National Bank from the borrowers
as per demand notice plus future interest, costs and charges incurred by the Bank thereon, less recoveries if any, thereafter.
The General Public is invited to bid either through personally or by duly authorized agent. Bank will be free to bid for eligible properties.
SCHEDULE OF SALE OF THE SECURED ASSETS

DATE OF
DETAILS OF
DEMAND NAME &
DESCRIPTION OF ACCOUNT IN OUTST
NOTICE STATUS OF EARNEST DATE AND CONTACT
PROPERTY ALONG WHICH EMD IS INCREMENT ANDIN
S. NAME OF AND POSSESSIO RESER MONEY LAST DATE TIME OF DATE AND NO. OF
WITH NAME OF TO BE AL BID G
No BORROWER & OUTSTAND N (Physical VE DEPOSIT OF DEPOSIT INSPECTION TIME OF AUTHORIZE
MORTGAGOR DEPOSITED AMOUNT GOVT
. BANK BRANCH ING or PRICE (EMD) OF EMD OF AUCTION D
(OWNER OF THE THROUGH DUES,
AMOUNT Symbolic) AMOUNT PROPERTY OFFICER/NO
PROPERTY) RTGS/NEFT & IF ANY
MENTIONE DAL OFFICER
IFSC CODE
D THEREIN

Industrial land &

building Plot No.
54, NIT Faridabad,
Haryana with RCC
Authorised
building and
Officer:
25.07.2015 industrial shed
Sh. Pawan
Rs.1920.05 owned by the
Kumar
Lacs PNB company & Plant
PUNJAB Gupta
share and & Machinery used
NATIONAL Chief
other for formaldehyde, 31.10.2019 Rs.
M/s Nuchem Rs. Rs. BANK, ARMB 06.11.2019 Manager
consortium urea/ melamine 11:00 A.M. 100000/- Not
1 Ltd. BO:ARMB, PHYSICAL 2125.0 212.50 04.11.2019 DRT Account No 11:00 AM TO 9810223192
49%,Phoen formaldehyde TO 02:00 Known
New Delhi 0 lacs lacs 1522002200000 12:00 NOON Nodal
ix ARC powder and P.M.
316 (IFSC Code Officer:Sh.
share 33%, prescol blue liquid
PUNB0152200) Rabindra
Internation placed in Factory
Kumar
al ARC land and building
Chief
share 18% situated at 54, NIT
Manager
Faridabad,
8130864663
Haryana
measuring 14715
sq yds.[ Area as
mentioned in title
 deed is 4.12 acre
(19940.8 sq.yds)
and actual
measurement is
14715 sq yds and
valuation of
property has been
done accordingly]

TERMS AND CONDITIONS OF E-AUCTION SALE:

The sale shall be subject to the Terms & Conditions prescribed in the Security Interest
(Enforcement) Rules 2002 and to the following further conditions:
1. The properties are being sold on ‘AS IS WHERE IS BASIS’.
2. The particulars of Secured Assets specified in the Schedule hereinabove have been stated to the best of the
information of the Authorized Officer, but the Authorized Officer shall not be answerable for any error,
misstatement or omission in this proclamation.
3. The secured asset will not be sold below the reserve price.
4. The auction sale will be “online through e-auction” portal http://etender.pnbnet.in
5. The bidders are also advised to go through the portal http://etender.pnbnet.in
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 the Authorized Officer.
6. The interested bidders shall deposit the EMD by way of NEFT/RTGS. 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 is-Scanned
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 (e) 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 Authorized Officer/Nodal Officer at e- mail address
cocdelrd@pnb.co.in and also to submit self-attested hard copies of these documents (in original) to the
Authorized Officer.
7. The interested bidders are required to obtain login ID and Password well in advance, which is
mandatory for e-bidding, from Circle Office: Central Delhi, 4th Floor, Rajendra Bhawan, Rajendra
Place, New Delhi-110125. 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
office.
8. 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.
9. The Authorized 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.
10.The minimum (first) bid would be Reserve Price Plus one Incremental bid amount. Thereafter,
bidders shall improve their offer in multiple of incremental bid amount as mentioned in advertisement. In
case bid is placed in the last 5 (Five) minutes of the closing time of the auction, the closing time will
automatically get extended for 5 (Five) minutes.
11.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.
12.The successful bidder shall have to deposit 25% of the bid/sale amount immediately to the account
mentioned at col. No. viii 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.
13.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.
14.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.
15.All statutory dues/attendant charges/other dues including registration charges, stamp duty, taxes etc. shall
have to be borne by the purchaser.
16.The sale certificate shall be issued in the same name in which the Bid is submitted.
17.The bidders who do not have access to the internet but interested in participating in the e-auction, they can
contact Shri Rabindra Kumar (Mobile No. 8130864663), Circle Office: Central Delhi, 4th Floor,
Rajendra Bhawan, Rajendra Place, New Delhi-110125.
18.Any other encumbrances is not known to the Bank. 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 being 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.
19.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.
20.This publication is also 15 days’ notice to the above mentioned borrower/mortgagor/guarantor.
21.Bank will be free to bid for eligible cases.

Authorized Officer,
Punjab National Bank