E-AUCTION /

Oriental United .... Together for the better SALE NOTICE

ZONAL SASTRA CHANDIGARH - SCO 60-61, Ground Floor, Sector 17-B, Chandigarh, E-mail: zs8340@pnb.co.in, Ph.: 0172-5040788-96
PUBLIC NOTICE FOR E-AUCTION FOR SALE OF MOVABLE / IMMOVABLE PROPERTIES
DETAIL OF THE ENCUMBRANCES KNOWN TO THE SECURED CREDITORS: NOT KNOWN
E-Auction Sale Notice for Sale of Immovable Assets under the 'Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 read with
provisions of Rule 8(6) of the Security Interest (Enforcement) Rule, 2002.
Notice is hereby given to the public in general and in particular to the Borrower(s), Mortgagor(s) and Guarantor(s) that the below described Movable / Immovable Property(ies)
Mortgaged / Hypothecated / Charged to the Secured Creditor, the Constructive / Physical (whichever is applicable) possession of which has been taken by the Authorized officer of
Bank / Secured Creditor, will be sold on "AS IS WHERE IS BASIS”, “AS IS WHAT IS BASIS” and “WHATEVER IS THERE IS BASIS" on dates as mentioned in the table herein
below, for recovery of its dues due to the Bank / Secured Creditor from the respective Borrower(s) and Guarantor(s). The reserve price and the earnest money deposit will be as
mentioned in the table below against the respective properties.
SCHEDULE OF SALE OF THE SECURED ASSETS
Lot Name of Borrower & Name of Owner(s) / Description of Immoveable Mortgaged Date of Demand Notice U/s Reserve Price Date and
No. Bank Branch Details Mortgagor(s) of Property(ies) and 13(2) of SARFAESI Act 2002 Earnest Money Time of
Property(ies) Name of Owner(s) / Mortgagors and Amount as per Demand Deposit (EMD) Auction
Notice 13(2) Incremental Bid
Nature of Possession Amount
1. Hillcrest Foods Smt. Pali Diwan and Immovable Property measuring 7 Bighas 12 13(2): 01.08.2018 Rs. 1,25,00,000/- 31.01.2022
B.O.:- LCB, Chandigarh Sh. Parveen Diwan Biwas 9 Biswasi: (A) All that part and parcel of (Rs. 15,56,97,945.36 + intt. Rs. 12,50,000/- 11:30 AM to
immovable property of Farm House Land measuring 5 Bighas 13 Biwas 9 Biswasi bearing Khata / w.e.f. 01.06.2018 + other Rs. 1,00,000/- 12:30 PM
Khatauni No. 146/160, Kitas 6, situated at Mauza Sanawar, Tehsil Kasauli, District Solan, Himachal costs - Recovery if any)
Pradesh [vide jamabandi for the year 2007-2008] standing in the name of Smt. Pali Diwan vide UNDER PHYSICAL POSSESSION
Sale Deed No. 599 dated 03.11.2009 registered in the office of Sub Registrar, Kasauli. (B) All that part and parcel of immovable property of Land measuring 1 Bigha 19 Biwas
bearing Khata / Khatauni No. 69/92, Khasra No. 105 min, Hadbast No. 104 situated at Mauza Sanawar, Pargana Basal, Tehsil Kasauli, District Solan, Himachal Pradesh [vide
jamabandi for the year 2007-2008] standing in the name of Sh. Praveen Diwan vide Sale Deed No. 600 dated 03.11.2009 registered in the office of Sub Registrar, Kasauli.
2. Hillcrest Foods M/s Hillcrest Foods All that part and parcel of Factory land and 13(2): 01.08.2018 Rs. 3,00,00,000/- 31.01.2022
B.O.:- LCB, Chandigarh through its Partner Building measuring 10 Bigha 06 Biswa, (Rs. 15,56,97,945.36 + intt. Rs. 30,00,000/- 11:30 AM to
Sh. Parveen Diwan comprised in: (A) Khewat / Khatoni No w.e.f. 01.06.2018 + other Rs. 2,00,000/- 12:30 PM
15min/16min, Khasra No. 288/0-11, 289/0-2, 290/2-6, 293/0-13, 317/1-6, 322/0-11, 323/0-16, costs - Recovery if any)
324/0-19, 325/0-16, Kite 9, Land measuring 8 Bighas; (B) Khewat / Khatoni No 74min/76min, UNDER PHYSICAL POSSESSION
Khasra No. 326/(1-0); Khewat / Khatoni No. 142/144, Khasra No. 817/285(0-2: Khewat / Khatoni No.143/145, Khasra No. 810/285(0-2); Khewat / Khatoni No.144/146,
Khasra No. 809/285(0-2); Khewat / Khatoni No.145/147, Khasra No.811/285(0-2); Khewat / Khatoni No.146/148, Khasra No. 818/285 (0-2); Khewat / Khatoni No.147/149,
Khasra No. 814/285(0-2); Khewat / Khatoni No.148min/150, Khasra No. 815/285 (0-2); Khewat / Khatoni No.153/155, Khasra No. 813/285(0-2); Khewat / Khatoni
No.154min/156min, Khasra No. 816/285(0-2); Khewat / Khatoni No.155min/157min, Khasra No. 808/285(0-2); Khewat / Khatoni No.156min/158min, 812/285(0-2);
Khewat / Khatoni No.7min/7min, Khasra No. 287(0-4); Hadbast No. 111 situated at village Bersan, Pargana and Tehsil Nalagarh, District Solan, HP standing in the name of
Hillcrest Foods through Praveen Diwan, Partner vide Sale Deed No. 3341 Dated 02.12.2005, registered in the office of Sub Registrar Nalagarh.
3. Hillcrest Foods, M / s H i m a l y a n Factory Land and Building measuring 11 13(2): 01.08.2018 Rs. 1,68,00,000/- 31.01.2022
BO: LCB, Chandigarh Vegefruit Limited Bigha, comprised in Khewat / Khatoni No. Rs. 15,56,97,945.36 /- + intt. Rs. 16,80,000/- 11:30 AM to
53/97,54/98, Khasra No. 163 (2-10), 164Min (3-8), 159 (4-0), 160 (4-0), 161 (4-0),162(5-2) Kitte 6 w.e.f 01.06.2018 + other Rs. 2,00,000/- 12:30 PM
Rakba 23 Bigha vide Sale Deed No. 4031 Dated 04.02.1997, Registered in the office of Sub- costs - Recovery if any
Registrar Rajpura, now new Khewat / Khatoni No. 90/129 Khasra No. 162(5-2), 163(2- UNDER SYMBOLIC POSSESSION
10),1501/164(3-8) Kitte 3, 11 Bigha situated at Village Rajgarh, HB No. 147, Tehsil Rajpura, Punjab
4. M/s N.H. Matcon, Shri Hunny Bansal A Commercial Plot of land measuring 2.5 biswa 13(2): 15.07.2015 Rs. 28,33,000/- 31.01.2022
BO: LCB Chandigarh situated at Village Gazipur (Adjoining Aero (Rs. 28,21,04,599.00 + intt. Rs. 2,83,300/- 11:30 AM to
Homes), Zirakpur, District S.A.S Nagar, Comprised in Khewat Khatauni 17/36, as per Jamabandi w.e.f. 01.07.2015 + Expenses Rs. 50,000/- 12:30 PM
Year 2006-07, Khasra No. 42//1(4-0), Hadbast No. 50, situated at Village Gazipur (adjoining Aero Less recovery, if any)
Homes) Zirakpur, Vide Sale Deeds No. 13636 dated 08.12.2011 registered in the office of Sub UNDER SYMBOLIC POSSESSION
Registrar, Derabassi.
5. M/s N.H. Matcon, Shri Hunny Bansal A Commercial Plot of land measuring 2.5 biswa 13(2): 15.07.2015 Rs. 28,33,000/- 31.01.2022
BO: LCB Chandigarh situated at Village Gazipur (Adjoining Aero (Rs. 28,21,04,599.00 + intt. Rs. 2,83,300/- 11:30 AM to
Homes), Zirakpur, District S.A.S Nagar, Comprised in Khewat Khatauni 17/36, as per Jamabandi w.e.f. 01.07.2015 + Expenses Rs. 50,000/- 12:30 PM
Year 2006-07, Khasra No. 42//1(4-0), Hadbast No. 50, situated at Village Gazipur (adjoining Aero Less recovery, if any)
Homes) Zirakpur, Vide Sale Deeds No. 13637 dated 08.12.2011 registered in the office of Sub UNDER SYMBOLIC POSSESSION
Registrar, Derabassi.
6. M/s N.H. Matcon, Shri Nitin Bansal A Commercial Plot measuring 2.5 biswa 13(2): 15.07.2015 Rs. 28,33,000/- 31.01.2022
BO: LCB Chandigarh situated at Village Gazipur (Adjoining Aero (Rs. 28,21,04,599.00 + intt. Rs. 2,83,300/- 11:30 AM to
Homes), Zirakpur, District S.A.S Nagar, Comprised in Khewat Khatauni 17/36, as per Jamabandi w.e.f. 01.07.2015 + Expenses Rs. 50,000/- 12:30 PM
Year 2006-07, Khasra No. 42//1(4-0), Hadbast No. 50, siuated at Village Gazipur (adjoining Aero Less recovery, if any)
Homes) Zirakpur, Vide Sale Deeds No. 13648 dated 08.12.2011 registered in the office of Sub UNDER SYMBOLIC POSSESSION
Registrar, Derabassi.
7. M/s N.H. Matcon, Shri Nitin Bansal A Commercial Plot measuring 2.5 biswa 13(2): 15.07.2015 Rs. 28,33,000/- 31.01.2022
BO: LCB Chandigarh situated at Village Gazipur (Adjoining Aero (Rs. 28,21,04,599.00 + intt. Rs. 2,83,300/- 11:30 AM to
Homes), Zirakpur, District S.A.S Nagar, Comprised in Khewat Khatauni 17/36, as per Jamabandi w.e.f. 01.07.2015 + Expenses Rs. 50,000/- 12:30 PM
Year 2006-07, Khasra No. 42//1(4-0), Hadbast No. 50, situated at Village Gazipur (adjoining Aero Less recovery, if any)
Homes) Zirakpur, Vide Sale Deeds No. 13649 dated 08.12.2011 registered in the office of Sub UNDER SYMBOLIC POSSESSION
Registrar, Derabassi.
8. Delcray Cables Pvt Smt Shama Goyal C-6/496/2 comprised in Khewat / Khatoni No. (a) 13(2): 27.08.2019 Rs. 3,56,25,000/- 31.01.2022
Ltd., BO: Sector 28 W/o Sh Kapil Goyal 300/347, Khasara No. 154 (16-11) its 34/662 Rs. 4,60,59,925.34 + Intt. Rs. 35,62,500/- 10:30 AM to
Chandigarh Share which is equal to 17 Biswa situated at w.e.f 01.04.2019 + other costs Rs. 3,00,000/- 11:30 AM
Village Gadi Mundo, Old Court Road, Durga Garden, Tehsil Jagadhari, District Yamuna Nagar - Recovery if any
(Hadbast No 408). (Cash Credit Facility) (b) 13(2): 15.04.2019 Rs. 2,76,20,612.51
+ Intt. w.e.f 01.04.2019 + other costs - Recovery if any (ODIP FACILITY) UNDER SYMBOLIC POSSESSION.
9. Delcray Cables Pvt Smt. Vinki Saggi. Khatta No. 458/1150 now changed to 551/948, (a) 13(2): 27.08.2019 Rs. 22,00,000/- 31.01.2022
Ltd., BO: Sector 28 949, Khasra No. 1069/437(1-1), 1081/442(0- Rs. 4,60,59,925.34 + Intt. Rs. 2,20,000/- 10:30 AM to
Chandigarh 14), 1081/442/1(0-05), Kitte 3, Rakba 2B-0B its w.e.f 01.04.2019 + other costs Rs. 3,00,000/- 11:30 AM
7/40 Share, 7 Biswa, Plot 150+200 Sq.yards situated at Village Dhakansu Kalan now known as - Recovery if any
Plot No. 127, Guru Teg Bahadur Colony, Near Gurudwara Sahib, Rajpura, District Patiala (Pb). (Cash Credit Facility) (b) 13(2): 15.04.2019 Rs. 2,76,20,612.51
+ Intt. w.e.f 01.04.2019 + other costs - Recovery if any (ODIP FACILITY) UNDER SYMBOLIC POSSESSION.
10. Delcray Cables Pvt Sh. Aman Saggi S/o Shop No. 17, situated at Shopping Complex (a) 13(2): 27.08.2019 Rs. 14,00,000/- 31.01.2022
Ltd., BO: Sector 28 Sh. Bal Krishan Rotary Club Road, Rajpura 24.00 Sq. Yards Rs. 4,60,59,925.34 + Intt. Rs. 1,40,000/- 10:30 AM to
Chandigarh Saggi and Smt. w.e.f 01.04.2019 + other costs Rs. 14,000/- 11:30 AM
Vinky Saggi. - Recovery if any
(Cash Credit Facility) (b) 13(2): 15.04.2019 for Rs. 2,76,20,612.51 + Intt. w.e.f 01.04.2019 + other costs - Recovery if any (ODIP FACILITY) UNDER PHYSICAL
POSSESSION
11. Delcray Cables Pvt M/s Delcray Cables Khatta No. 305/371, 415/517 now changed to (a) 13(2): 27.08.2019 Rs. 1,65,00,000/- 31.01.2022
Ltd., BO: Sector 28 Pvt Ltd. 347/414, 462/563, Khasra No. 27/14/1(1-8), Rs. 4,60,59,925.34 + Intt. Rs. 16,50,000/- 10:30 AM to
Chandigarh 17/1(7-5), 18/1/2(2-8), 23/2/2(6-10), 24(7-15), w.e.f 01.04.2019 + other costs Rs. 2,00,000/- 11:30 AM
44/3/2(2-14), 4(7-18), 5/2(5-12), 27/25/2(2-6), kitte 9, rakba 43K-16M its 1750/26499 Share, - Recovery if any
Village Shamdo now known as Plot No. 18, near Focal Point near Rajpura 1750 Sq. Yards. (Cash Credit Facility) (b) 13(2): 15.04.2019 Rs. 2,76,20,612.51
+ intt. w.e.f 01.04.2019 + other costs - Recovery if any (ODIP FACILITY) UNDER SYMBOLIC POSSESSION
12. Shri Vishnu Eatable S h r e e V i s h n u Vacant Land measuring 17 Kanals 7 Marla 13(2): 09.11.2017 Rs. 2,15,00,000/- 31.01.2022
Pvt. Ltd., Eatables India Ltd situated at Patti Kaisth Seth, Kaithal- Rs. 2,18,13,53,395.24 + intt. Rs. 21,50,000/- 10:30 AM to
BO: LCB, Chandigarh Kurukhestra Road, Kaithal (Haryana) w.e.f 01.10.2017 + other costs Rs. 2,00,000/- 11:30 AM
- Recovery if any (Cash Credit Facility) UNDER PHYSICAL POSSESSION. 1ST PARI PASSU CHARGE OF PNB WITH UCO BANK
13. Shri Vishnu Overseas S h r i V i s h n u Lot 1: Plant & Machinery belonging to M/s 13(2): 09.11.2017 for Rs. 60,00,000/- 31.01.2022
Pvt. Ltd., Overseas Pvt. Ltd. SVOPL installed at its Factory Kurukshetra Rs. 104,27,87,056.10 + intt. Rs. 6,00,000/- 10:30 AM to
BO: LCB, Chandigarh Road, Kaithal w.e.f 01.10.2017 + other costs Rs. 60,000/- 11:30 AM
- Recovery if any (Cash Credit Facility), 1ST PARI PASSU CHARGE OF PNB WITH UCO BANK , UNDER PHYSICAL POSSESSION
14. Shri Vishnu Overseas Sh. Hitesh Mittal, Sh. Lot 2: Land and Building 65K-16 M SVE at 13(2): 09.11.2017 Rs. 16,92,00,000/- 31.01.2022
Pvt. Ltd., Nihar Mittal, Sh. Kurukshetra Road Kaithal, TD No. 3762/1, Rs. 104,27,87,056.10 + intt. Rs. 1,69,20,000/- 10:30 AM to
BO: LCB, Chandigarh Sunny Mittal, Sh. 3763/1. w.e.f 01.10.2017 + other costs Rs. 7,50,000/- 11:30 AM
Kushal Mittal, Sh, Sahil Mittal, Ms. Sukhla Rani, Ms. Vaneeta Rani, Sh. Vishnu Bhagwan - Recovery if any (Cash Credit Facility) UNDER PHYSICAL
mittal, Sh. Kushal Mittal, Ms. Rohin Mittal, Ms. Urmila Mittal, Ms. Alpana Mittal, Sh. Sat POSSESSION. 1ST PARI PASSU CHARGE OF PNB WITH
Narayan Mittal UCO BANK UNDER PHYSICAL POSSESSION.
15. Shri Vishnu Eatable S h r e e V i s h n u Lot 3: Factory Land (on which Factory of the 13(2): 09.11.2017 Rs. 12,40,00,000/- 31.01.2022
Pvt. Ltd., Eatables India Ltd Borrower company is situated) (Plot measuring Rs. 2,18,13,53,395.24 + intt. Rs. 1,24,00,000/- 10:30 AM to
BO: LCB, Chandigarh 48 Kanal 9 Marla i.e. 969 Marla) and Building w.e.f 01.10.2017 + other costs Rs. 4,00,000/- 11:30 AM
having covered Area of 219030 Sq. Ft. situated at Patti Kaisth, Kaithal - Kurukshetra Road Kaithal - Recovery if any (Cash Credit Facility) UNDER PHYSICAL
(Haryana). Note: LOT 1, 2, 3 will be Sold together OR LOT 1 may be Sold POSSESSION. 1ST PARI PASSU CHARGE OF PNB WITH
First / Alone UCO BANK. UNDER PHYSICAL POSSESSION.
16. Shri Vishnu Eatable Sh. Nihar Mittal & Land and Building (incomplete Shed and 13(2): 09.11.2017 for Rs. 3,15,00,000/- 31.01.2022
Pvt. Ltd., Sh. Kushal Mittal Building) measuring 16 Kanal - 02 Marla at Rs. 2,18,13,53,395.24 + intt. Rs. 31,50,000/- 10:30 AM to
BO: LCB, Chandigarh Main Jind Road, Village Tittram, Kaithal, w.e.f 01.10.2017 + other costs Rs. 1,50,000/- 11:30 AM
Haryana - Recovery if any (Cash Credit Facility) UNDER PHYSICAL
POSSESSION. 1ST PARI PASSU CHARGE OF PNB WITH UCO BANK.
17. Shri Vishnu Overseas S h r i V i s h n u Commercial Property (Office Space) bearing 13(2): 09.11.2017 Rs. 1,20,00,000/- 31.01.2022
Pvt. Ltd. Overseas Pvt. Ltd. No. 812 (Eighth Floor), Super Area 705 Sq.Ft. Rs. 104,27,87,056.10 + intt. Rs. 12,00,000/- 10:30 AM to
BO: LCB, Chandigarh D-Mall, Near Max Hospital, Plot No. A-1, Netaji w.e.f 01.10.2017 + other costs Rs. 1,00,000/- 11:30 AM
Subhash Place, Pitampura, New Delhi - Recovery if any (Cash Credit Facility) UNDER PHYSICAL
POSSESSION. 1ST PARI PASSU CHARGE OF PNB WITH UCO BANK
18. Shri Vishnu Overseas Sh.Vishnu Bhagwan Shop No. 43C, New Grain Market, Kaithal, 13(2): 09.11.2017 Rs. 1,15,00,000/- 31.01.2022
Pvt. Ltd. Mittal & Sh. Suresh Haryana. Rs. 104,27,87,056.10 + intt. Rs. 11,50,000/- 10:30 AM to
BO: LCB, Chandigarh Kumar w.e.f 01.10.2017 + other costs Rs. 1,00,000/- 11:30 AM
- Recovery if any (Cash Credit Facility) UNDER PHYSICAL POSSESSION. 1ST PARI PASSU CHARGE OF PNB WITH UCO BANK
19. Shri Vishnu Overseas S h r i V i s h n u LOT 1: Plant & Machinery belonging to M/s 13(2): 09.11.2017 Rs. 10,97,00,000/- 31.01.2022
Pvt. Ltd. Overseas Pvt. Ltd. SVOPL installed at factory, Jind Road, Kaithal. Rs. 104,27,87,056.10 + intt. Rs. 1,09,70,000/- 10:30 AM to
BO: LCB, Chandigarh w.e.f 01.10.2017 + other costs Rs. 4,00,000/- 11:30 AM
- Recovery if any (Cash Credit Facility) UNDER PHYSICAL POSSESSION.1ST PARI PASSU CHARGE OF PNB WITH UCO BANK
20. Shri Vishnu Overseas S h r i V i s h n u LOT 2: Factory Land and Building measuring 13(2): 09.11.2017 Rs. 12,40,00,000/- 31.01.2022
Pvt. Ltd. Overseas Pvt. Ltd. 53 Kanal - 06 Marla at Vaka Patti Chaudhary Rs. 104,27,87,056.10 + intt. Rs. 1,24,00,000/- 10:30 AM to
BO: LCB, Chandigarh Kaithal, TD No. 3200/1, 2953/1, 2808/1, w.e.f 01.10.2017 + other costs Rs. 7,00,000/- 11:30 AM
2812/1. Note LOT 1 & 2 will be Sold together OR LOT 1 may be Sold First / Alone. - Recovery if any (Cash Credit Facility) UNDER PHYSICAL
POSSESSION. 1ST PARI PASSU CHARGE OF PNB WITH UCO BANK
21. M/s Renny Steel, Shri Ravinder Singh All that Part and Parcel of Immovable Property 13(2): 31.10.2019 Rs. 35,70,000/- 31.01.2022
BO: NAC Manimajra Malik S/o Shri Vijay Land measuring 6 Biswa comprised in Khewat Rs. 33,01,93,113.11 + intt. Rs. 3,57,000/- 11:30 AM to
Pal Singh No. 9/10, Khasra No. 183/123(15-6) being and costs w.e.f. 01.10.2019 Rs. 75,000/- 12:30 PM
6/306 Share in Total Rakba 15 Bigha 6 Biswa situated at Village Dharampur, HB No. 152, Tehsil (SYMBOLIC POSSESSION)
Kalka, District Panchkula vide Sale Deed No. 857 dated 23.03.2000 registered in the Office of Sub Registrar Kalka.
1. For IPs at S. No. 1 to 7 & 21, Contact Person: Shri Jagdish Lal, Authorised Officer, Zonal SASTRA Centre Chandigarh, Mobile 75278-42020,
E-mail: zs8340@pnb.co.in
2. For IPs at S. No. 8 to 20, Contact Person: Shri Jasbir Singh Meelu, Authorised Officer, Zonal SASTRA Centre Chandigarh, Mobile 99153-71772,
E-mail: zs8340@pnb.co.in
TERMS AND CONDITIONS:- 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 auction sale will be “online through e-auction” portal https://www.mstcecommerce.com/ (2) The intending Bidders / Purchasers are requested to
register on portal (https://www.mstcauction.com) using their mobile number and E-mail-id. Further, they are requested to upload requisite KYC documents. Once the KYC
documents are verified by e-auction service provider (may take 2 working days), the intending Bidders/ Purchasers has to transfer the EMD amount using online mode in his
Global EMD Wallet before the e-auction date and time in the portal. The registration, verification of KYC documents and transfer of EMD in wallet must be completed well in
advance, before auction. (3) Earnest Money Deposit (EMD) amount as mentioned above shall be paid online through 3 mode i.e. NEFT / Cash / Transfer (After generation of
Challan from (https://www.mstcecommerce.com) in bidders Global EMD Wallet. NEFT transfer can be done from any Scheduled Commercial Bank, however for Cash /
Transfer the bidder has to visit Punjab National Bank Branch. Payment of EMD by any other mode such as Cheques will not be accepted. Bidders, not depositing the required
EMD online, will not be allowed to participate in the e-auction. The Earnest Money Deposited shall not bear any interest. (4) Platform (https://www.mstcecommerce.com) for
e-Auction will be provided by e Auction service provider M/s MSTC Limited having its Registered office at 225-C, A.J.C. Bose Road, Kolkata-700020 (Contact Phone &
Toll Free Numbers 079-41072412 / 411 / 413 or 1800-103-5342). The intending Bidders / Purchasers are required to participate in the e-Auction process at e-Auction Service
Provider's website https://www.mstcecommerce.com. This Service Provider will also provide online demonstration / training on e-Auction on the portal. (5) The Sale Notice
containing the General Terms and Conditions of Sale is available / published in the following Websites / Webpage Portal. (i) https://www.ibapi.in (ii)
https://eprocure.gov.in/epublish/app (iii) http://www.mstcecommerce.com/. (iv) www.pnbindia.in. (6) The intending participants of e-auction may download free of cost,
copies of the Sale Notice, Terms & Conditions of e-auction,Help Manual on operational part of e-Auction related to this e-Auction from Bक्रय - IBAPI portal
(https://www.ibapi.in). (7) The intending Bidders / Purchasers are requested to register on portal (https://www.mstcauction.com) using their mobile number and email-id.
Further, they will upload the requisite KYC documents. Once the KYC documents are verified by e-auction service provider (may take 2 working days), the intending
Bidders/Purchasers has to transfer the EMD amount using online mode in his Global EMD Wallet (Last Date for Deposit of EMD amount will be upto one day prior to the date of
auction). Only after having sufficient EMD in his Wallet, the interest bidder will be able to bid on the date of e-auction. (8) Bidder's Global Wallet should have sufficient balance
(>=EMD amount) at the time of bidding. (9) During the e-auction bidders will be allowed to offer higher bid in inter-se bidding over and above the last bid quoted and the minimum
increase in the bid amount must be of Rs. ------------ (incremental bid amount) to the last higher bid of the bidders. Ten minutes time will be allowed to bidders to quote successive
higher bid and if no higher bid is offered by any bidder after the expiry of ten minutes to the last highest bid, the e-auction shall be closed. (10) It is the responsibility of intending
Bidder(s) to properly read the Sale Notice, Terms & conditions of e-auction, Help Manual on operational part of e-Auction and follow them strictly. (1) In case of any difficulty or
need of assistance before or during e-Auction process may contact authorized representative of our e-Auction Service Provider (https://www.mstcecommerce.com/). Details
of which are available on the e-Auction portal. (11) After finalization of e-Auction by the Authorized Officer, only successful bidder will be informed by our above referred service
provider through SMS / E-mail. (On Mobile No. E-mail Address given by them/ registered with the service provider). (12) The secured asset will not be sold below the reserve
price. (13) The successful bidder shall have to deposit 25% (twenty five percent) of the bid amount, less EMD amount deposited, on the same day or not later than the next
working day and the remaining amount shall be paid within 15 days from the date of auction in the form of Banker's Cheque/Demand Draft issued by a Scheduled Commercial
Bank drawn in favor of “The Authorized Officer, Punjab National Bank, A/c & IFSC Code (as mentioned above in the table) payable at In case of failure to deposit the amounts as
above within the stipulated time, the amount deposited by successful bidder will be forfeited to the Bank and Authorized Officer shall have the liberty to conduct a fresh auction/
sale of the property & the defaulting bidder shall not have any claim over the forfeited amount and the property. 14(A) Payment of sale consideration by the successful bidder to
the bank will be subject to TDS under Section 194- 1A of Income Tax Act 1961 and TDS is to be made by the successful bidder only at the time of deposit of remaining 75 % of the
bid amount/full deposit of BID amount. 14(B) GST on movable assets as applicable. (15) 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. (16) The sale certificate shall be issued in the favor of successful bidder on deposit of full bid amount as per the provisions of the act. (17) The properties are being
sold on “AS IS WHERE IS BASIS”, “AS IS WHAT IS BASIS” and “WHATEVER THERE IS BASIS”. (18) 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. (19) It shall be the responsibility of the bidders to inspect and satisfy themselves about the asset and specification before submitting the bid. Last date for
inspection of property by the intending bidders/purchasers: till two days prior to date of auction. (20) All statutory dues/attendant charges/other dues including registration
charges, stamp duty, taxes etc. shall have to be borne by the purchaser. (21) 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) not known to the bank. 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. (22) 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. (23) It is open to the Bank to appoint a representative and make self-bid and participate in the auction. For detailed term and conditions of the sale, please refer
https://www.ibapi.in, https://eprocure.gov.in/epublish/app, http://www.mstcecommerce.com/, www.pnbindia.in (24) Successful bidders will contact the respective
Authorized Officer for deposit of remaining amount above.
STATUTORY 30 DAYS NOTICE UNDER RULE 8(6) THE SARFAESI ACT, 2002
The borrower/guarantors are hereby notified to pay the sum as mentioned above along with up to date interest and ancillary expenses before the date of e-auction, failing which
the property will be auctioned/sold and balance dues, if any, will be recovered with interest and cost.
Date: 30.12.2021 Place: Chandigarh AUTHORIZED OFFICER, Punjab National Bank