STRESSED ASSET MANAGEMENT BRANCH FIRST FLOOR, RANGOLI COMPLEX, OPP. VS HOSPITAL, ELLISBRIDGE SALE NOTICE :: E- [RULE 8(6) & 9(1) OF SECURITY INTEREST (ENFORCEMENT) RULES 2002] WHEREAS you, the undemamed, have availed credit facilities from Union Bank of India, and have defaulted to pay and is due to the Bank for the amount mentioned hereunder, plus further interest, costs and charges, Therefore, Union Bank of India in exercise of the powers conferred w/s 13 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 54 of 2002 has decided to sell the property detailed below in public auction to be conducted by way of e-auction through the wel portal detailed hereunder: [Name of Borrowers/ Guarantors! eee, | qbateet Amount di “Mortgagors Demand | possession | mentioned in a! ‘Name of Branch 13@) wis 13(4) demand notice 1) Mis NRS Project Pvt. Ltd (Borrower) 35/B, Chinar Wood Society, Near the Gate wey Hotel, Akota Road, Vadodara-390005 Also at : 302 Riddhi siddhi Flanza Subhenpura Vadodara- 390007 2) Mr. Nimit Rasiklal Sangani (Co-Borrower & Director) 302 *Kshiti” Opp Vedant Duplex, Near Bright Day School, Vasna Read, Vadodara- 390015 3) Mr. Kalpesh Mansukhbhai Raiyani (Co- Borrower & Director) 46 Purshotam Nagar, 8 Pruthvi Apartment, BPC Road Akola Vadadara- 390020 : Rs.9,64,35,201.20 4) Mr, Rahul Mansukhbhai Raiyani (Co- vie Borrower & Director) pie sae 46 Purshotam Negar, 8 Pruthvi Apartment, BPC is oes | pote riecnr ernie 2a72019 | 28.11.2019 | interew/eonlexpes | Kumar ish, 1) Mr. Janak Girshbhai Maivi (Co-Borrower & oe. Director) fetes 1 602 “Sivernes” Vasna Bhaiyali Road Vesra, | Vadodara 390015 |) Mr. Shaves Kumar Kusjthai Nakrani | Nakrani (Co-Borrower) 205 ‘Ranchhosi Park Soe, Nr. Shishuvibar School Katargam, Surat- 395004 7) Mis, Rasika Nim Sangan (Guarantor) C.302, “Kshiij” Opp. Vedant Duplex, Near Bright Day School, Vasna Road, Vadodara- 390015 |) Mis Minshiben ata Mesnaen Sarge (Goaraster) B13, Jamnanagar Soviety, Ghodod Rosd, Surat: 395001 Page 1 of 10Owners Type of Possession Reserve Price EMD Amt Flat No. A-1101, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. ‘Nimit Rasiklal Sangani. (1078.98 Sq. ft Built up area) Symbolic 22,23,000 2,22,300 Flat No. A-1102, R.S. No, TI/I & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (1078.98 Sq. ft Built up area) Symbolic 22,23,000 2,22,300 Flat No. A-1202, R.S. No. 11/I & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani.(1078.98 Sq. ft Built up area) _ Symbolic 22,23,000 2,22,300 Flat No. A-1203, R.S. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (1078.98 Sq, ft Built up arca) Symbolic 22,23,000 2,22,300 Flat No. A-1204, R.S. No. 11/1 & 11/2 "DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (1078.98 Sq. ft Built up area) Symbolic 22,23,000 Flat No. B1-504, R-S. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 2,22,300 152,200 Flat No. B1-704, R.S. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 1 152,200 Flat No. B1-803, R.S, No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasikial Sangani. (737.66 Sq. ft Built-up area) Symbi 15,22,000 1,52,200 Flat No. B1-804, R.S, No. 11/1 & 11/2 “DOVE DECK”, Ajw a Road, Vadodara, in the name of Mr. Nimit Rasikial Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 152,200 Flat No, B2-303, RS. No. 11/1 & 11/2 “DOVE DECK", Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbi 15,22,000 1,52,200 Flat No. B2-804, R.S, No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr, Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 1,52,200 Flat No, B2-903, R.S, No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani, (737.66 Sq. ft Built-up area) Symbolic 15,22,000 1,52,200 Flat No. B2-904, R.S. No. 11/1 & 1/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani, (737.66 Sq. ft Built-up area) Flat No. B2-504, R.S. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 1,52,200 Symbolic 15,22,000 1,52,200 Flat No. B2-901, R.S. No. 11/] & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 1,52,200 Flat No, B2-1002, R.S, No. 11/1 & 112 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. \Nimit Rasiklal Sangani. (737.66 Sq, ft Built-up area) Symbolic 15,22,000 1,52,200 | Flat No. C1-602, R.S, No. 11/1 & 11/2 "DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. sukbhai Raiyani (850.90 Sq, ft Buill-up area) Symbolic 17,51,000 1,75,100 | Page 2 of 1018 Flat No. C1-1004, R-S. No. 11/1 & 1172 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukbhai Raiyani (850.90 Sq. fi Built-up area) Symbolic 17,51,000 1,73,100 rt) Flat No. C2-103, RS, No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukhbhai Raiyani (850.90 Sq, ft Built-up area) Symbolic 17,51,000 1,73,100 20 Flat No. C2-703, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,758,100 21 2 area) Flat No. C2-903, RS. No, 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukhbhai Raiyani (850.90 Sq, ft Built-up Flat No. €2-904, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukhbhai Raiyani (850.90 Sq. ft Built-up area) ‘Symbolic Symbolic 17,51,000 1,75,100 17,51,000 1,73,100 2B Flat No. C2-1002, R.S. No. 11/1 & 1172 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Raul Mansukhbhai Raiyani (850.90 So, ft Built-up area), ‘Symbolic 17,51,000 1,75,100 Flat No. C2-1003, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq, ft Built-up | area) Symbolic 17,51,000 1,75,100 25 | Flat No. C2-1102, RS. No. 11/I & 11/2 “DOVE | DECK, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 26 Flat No, C2-1103, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 27 Flat No. C2-1201, R-S. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 28 Flat No. C2-1202, RS.No. 11/1 & 1172 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) ‘Symbolic 17,51,000 1,75,100 29 at No, C2-1203, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 Flat No. C2-1204, R.S. No. 11/1 & 11/2 “DOVE DECK", Ajwa Road, Vadodara, in the name of Mr. Kelpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 31 Flat No. 1-302, RS. No. 11/1 & 11/2“DOVE DECK”. ‘Ajwa Road, Vadodara, in the name of Mr. Nimit R Sangani (1078.98 Sq. ft Built-up area) Symbolic 22,23,000 2,22,300 Page 3 of 1032 _| Flat No. C-404, RS. No. 275/1/1, Block No. 22 No. 60 & F.P No. 64 & T.P.S. No. 4, Silver Nest, Vasna Bhayli Road, Vadodara in the name of Smt. Radhika Nimit Sangani & Mr. Nimit R. Sangani (1343.99 Sq. Built-up area) 33 | Flat No. C-401 & 402, R.S. No. 157, Bi FP, No. 86 & T.P.S. No. 1, Kshitij, V: Road, Vadodara, in the name of Mr. Ni Smt. Radhika Nimit Sangani & Smt. Minakshiben alias, Meenaben R. Sangani ee S 34 | Flat No. C-403, B.S. No. 157, Block No. 139 & FP. No. 86 & T.P.S. No, 1, Kshitij, Vasna Bhayli Road, ‘Vadodara, in the name of Mr. Nimit R. Sangeni, Smt. Symbolic | 30,65,000 | 3,06,500 Radhika Nimit Sangeni & Smt. Minakshiben alias, Meenaben R. Sangani (1212.39 Sq. ft Built-up area) | OP. | Symbolic | 32,52,000| — 3,25,200 Symbolic 61,50,000 | 6,15,000 The details of encumbrances, ifany known to the Not Known Secured Creditor Bid Multiples | For Property Sr. no. 1 to 34] 1% of Reserve Price ‘The property will be sold by holding public e-auction on 13.10.2023 from 12:00 P.M. to 5:00 P.M. by inviting bids from the public through online mode on www.mstcecommerce.com. yh ASSISTANT GENERAL MANAGER & A copy of the detailed terms of sale is enclosed for your reference, AUTHORISED OFFICER Place: Ahmedabad Date: 16.09.2023 Lr TIONS OF [RED ASSETS 1, Name and address of the Borrower, Co-| 1) Ms NRS Projet Pvt. Ltd (Borns) ea | i 33/B, Chinar Wood Society, Near the Gate way Hotel, Akota Row iea ‘uarantor Applicant and Guai aie cones Wi ‘Also, at: 302 Riddhi siddhi Elanza Subhanpura Vadodara- 390007 2) Mr. Nimit Rasiklal Sangani (Co-Borrower & Director) C-302 “Kshitij” Opp Vedant Duplex, Near Bright Day School, Vasna Road, Vadodara- 390015 3) Mr. Kalpesh Mansukhbhai Raiyani (Co- Borrower & Director) ‘46 Purshotam Nagar, 8 Pruthvi Apartment, BPC Road Akota Vadodara- 390020 4) Mr. Rahul MansukhbaiRaiyan (Co-Borrower & Dire) | 46 Furshotam Nagar, 8 Pruthvi Apartment, BPC Rond Akots Vadedera | 59020 Page 4 of 10'5) Mr, Janiak Girishbhai Malvi (Co-Borrower & Director) | D602 “Silvernest” Vasna Bhaiyali Road Vasna, Vadodara- 390015 66) Mr. Bhavesh Kumar Kurjibhai Nakrani Nakrani (Co-Borrower) 305 Ranchhodji Park Soc, Nr. Shishuvihar Schoo! Katargam, Surat 395004 7) Mrs, Rashika Nimit Sangani (Guarantor) €-302, “Kshit” Opp. Vedant Duplex, Near Bright Day School, Vasne Road, Vadodara- 390015 1%) Mrs, Minakshiben alias Meenaben R. Sangani (Guarantor) B-13, Jamunanagar Society, Gnoded Road, Surat- 395001 ‘Name and address of the Secured Creditor Union Bank of India Stressed Asset Management Branch First floor, Rangoli Complex, Opp. VS Hospital, Ellisbridge, Ashram road, Ahmedabad ~ 380 006 Email: samvahmedabad@unionbankofindia.com 3. Description of immovable secured assets to be sold: ‘Sr.No | Description of Properties & Name of the Owners Type of Possession | Price EMD Amt 1 Flat No. A-110], RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. [Nimit Rasiklal Sangani. (1078.98 Sq. ft Built up area) Symbolic 22,23,000 2,22,300 z Flat No. A-1102, RS. No. 11/1 & 112 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (1078.98 Sq. ft Built up area) ‘Symbolic 22,23,000 2,22,300 3 Flat No. A-1202, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani.(1078.98 Sq. ft Built up area) Symbolic 22,23,000 2,22,300 4 Flat No. A-1203, R.S. No. 11/1 & 11/2 “DOVE. DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (1078.98 Sq. ft Built up area) Symbolic 22,23,000 2,22,300 5 Flat No. A-1204, RS. No. 1/1 & 11/2 “DOVE DECK", Ajwa Road, Vadodara, in the name of Mr. | Nimit Rasiklal Sangani, (1078.98 Sq. ft Built up area) Symbolic 2,23,000 222,300 6 Flat No, BI-SO4, RS. No. 11/1 & 112 “DOVE DECK", Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq, ft Built-up area) Symbolic 15,22,000 1,52,200 7 Flat No. BI-704, R.S. No. 11/1 & 11/2 “DOVE | DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq, ft Built-up area) Symbolic 15,22,000 1,52,200 8 Flat No, B1-803, RS. No. 11/1 & 1172 “DOVE: DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 152,200 9 Flat No. B1-804, RS. No. 1I/l & 11/2 “DOVE DECK", Ajw a Road, Vadodara, in the name of Mr. Nimit Rasikial Sangani. (737.66 Sq, ft Built-up area) Symbolic 15,22,000 1,52,200 Page 5 of 1010 Flat No, B2-303, RS. No. 11/1 & 112 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasikial Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 1,52,200 it Flat No. B2-804, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq. ft Built-up area) Symbolic 15,22,000 152,200 12 Flat No. 82-903, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasikial Sangani. (737.66 Sq. ft Built-up area) | Symbolic 15,22,000 152,200 1B 14 Flat No. B2-904, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr, \Nimit Rasikial Sangani. (737.66 Sq, ft Built-up area) Symbolic 15,22,000 152,200 Flat No. B2-504, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasikial Sangani. (737.66 Sq. fU Built-up area) Symbolic 15,22,000 1,52,200 15 Flat No. B2-901, RS. No. 1l/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani, (737.66 Sq, ft Built-up area) Symbolic 15,22,000 1,52,200 16 Flat No. B2-1002, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit Rasiklal Sangani. (737.66 Sq, fi Built-up area) Symbolic 15,22,000 1,52,200 7 Flat No. C1-602, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukbhai Raiyani (850.90 Sq. ft Built-up area)_ Symbolic 17,51,000 1,75,100 19 Flat No. C1-1004, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukbhai Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 Flat No. C2-103, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukhbhai Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 20 Flat No. C2-703, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 2 Flat No, 2-903, RS, No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukbbhai Raiyani ($50.90 Sq, ft Built-up area)_ Symbolic 17,51,000 1,75,100 22 Flat No, C2.904, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Rahul Mansukhbhai Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 23 Flat No. C2-1002, RS. No, 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. | Rahul Mansukhbhai Raiyani (850.90 Sq. ft Built-up area) symbolic 17,51,000 1,75,100 24 Flat No, C2-1003, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 Page 6 of 1025 | Flat No. C2-1102, RS. No. 11/1 & 112 “DOVE | DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolie 17,51,000 1,75,100 26 Flat No. C2-1103. RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbabi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 1,75,100 27 Flat No. C2-1201, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.00 Sq, ft Built-up area) 17,51,000 1,75,100 28 Flat No, C2-1202, RS. No. 11/1 & 112 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq. ft Built-up L area) Symbolic 17,51,000 1,75,100 29 Flat No. C2-1203, RS. No. 11/1 & 11/2 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpeshi Mansukhbahi Raiyani (850.90 Sq. ft Built-up area) Symbolic 17,51,000 | 1,75,100 30 Flat No, C2-1204, RS. No. 11/1 & 112 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Kalpesh Mansukhbahi Raiyani (850.90 Sq, ft Built-up area) Symbolic 17,81,000 1,75,100 31 _| FlatNo. 1-302, RS. No. 11/1 & 112 “DOVE DECK”, Ajwa Road, Vadodara, in the name of Mr. Nimit R Sangani (1078.98 Sq, ft Built-up area) 32 Flat No. C-404, R.S. No. 275/1/1, Block No. 229, OP. | No. 60 & FP No, 64 & T.P.S. No. 4, Silver Nest, Vasna Bhayli Road, Vadodara in the name of Smt | Radhika Nimit Sangani & Mr. Nimit R. Sangani (1343.99 Sq.ft Built-up area) Symbolic 22,23,000 222,300 3,25,200 33 Flat No. C-401 & 402, R.S. No. 157, Block No. 139 & FP. No, 86 & T-PS. No. 1, Kshitij, Vasna Bhayli Road, Vadodara, in the name of Mr. Nimit R. Sangani, | Smt. Radhika Nimit Sangani & Smt. Minakshiben | alias, Meenaben R. Sangani Symbolic 61,50,000 6,15,000 4 Flat No. C-403, RS, No. 157, Block No. 139. & FP. No. 86 & TPS. No. 1, Kshitij, Vasna Bhayli Road, ‘Vadodara, in the name of Mr. Nimit R. Sangani, Smt. Rodhika Nimit Sangani & Smt Minakshiben alias, Meenaben R. Sangani (1212.30 Sq.ft Built-up area) Symbolic 30,65,000 3,06,500 4.The details of encumbrances, if any known to the _ Secured Creditor ‘Not Known 5. Last date for submission of EMD. (On or before the commencement of e-auction. 6. Date & Time of auction 13.10.2023 from 12:00 P.M. to 5:00 P.M. (with $ min unlimited auto extensions) | E-auction website ~ www.mstcecommerce.com 7. The secured debt for the recovery of which the immovable secured asset is to be sold: RS.9,64,35,201.20 as on 24.07.2019 8.1 Reserve price for the properties below which the immovable property may not be sold: Mentioned at above para no. 3 Page 7of 108.2 EMD Payable = Mentioned at above para no. 3 ene ae ot The Online E-Auction will be held through web portal/website www.msteecommerce,com on the date and time mentioned above with unlimited extension of S minutes. The intending bidders / purchasers required to register through hitps://vww.msteecommerce,com/auctionhomelibapi/index.isp_by using their mobile number and valid cemail-id, They are further required to upload KYC documents and Bank Details. 9.2. KYC Verification On completion of registration, the intending bidders / purchasers are required to upload KYC documents and Bank account details. KYC documents shail be verified by e-auction service provider which may take 2 to 3 working days. Hence the registration and uploading formalities are to be completed well in advance. 9.3. EMD Payment On completion of KYC verification, the intending bidders / purchasers are required to pay EMD through NEFTRTGS/NET BANKING/UPI by generating a challan through this website in his/their Global EMD Wallet. Payment should be made within 3 days after generating the challan for NEFT / RTGS otherwise the challan shall become invalid. The payment shall be ensured well in advance before the stipulated time. If the required EMD amount is not held in their Global Wallet, they will not be allowed to participate, Payment of EMD in any other mode will not be accepted. The Eamest Money Deposit shall not bear any interest and in case of unsuccessful bid, the same will be _retumed to the unsuccessful bidder by the service provider without intere 9.4 Bi The bidder has to select the property for which offer is submitted from the list mentioned in the above website and! or bidder ean directly enter Property ID (as mentioned in https:/libapi.in). The property will be visible in ‘Live Avetions’ on www.msteecommerce.com one day prior to the date of auction. 9.5, Helpdesk > For Registration related queries e-mail to ibapiop@msteecommerce.com > For EMD payment/refund related queries e-mail to ibapifin@mstcecommerce.com. > For Registration and Login and Bidding Rules visit bttps:/www.msteecommerce com/auctionhome/ibapifindex.jsp and Click “Buyer Guide for Login and Registration” > Intending bidders may download at free of cost, copies of sale notice, Terms and Conditions of e-auction Help ‘Manual on operational part of e-auction from e-Bkray — IBAPI portal (https://www. ibapi.in) For auction related queries e-mail to samvahmedabad@unionbankofindia.com, Union Bank of India, Stressed Asset Management Branch, First floor, Rangoli Complex, Opp. VS Hospital, Ellisbridge, Ashram road, Ahmedabad ~ 380 006 9.6 Steps Involved Register on e-auction portal www.mstcecommerce.com using mobile number and email ID. Upload requisite KYC Documents. Generate challan and transfer EMD amount to bidder's global EMD Wallet. Submission of bid shall be through online mode on the auction date and time. In case of successful Bid, the balance bid amount to be paid as per the terms as mentioned hereunder. In case of unsuccessful Bid, request for refund to be made in the MSTC website and refund will be made directly by the MSTC. vvv vvv Page 8 of 10Bidders are advised to go through the website htips/www ibapLin, and www unionbankofindia.coin tenders for detailed terms and conditions of Auction Sale before submitting their bids and taking part in the E-Auction sale proceedings. Successful bidder will be intimsted through e-mail after the closing of the e-Bidding Process 10. The intending bidders may, if they choose, after taking prior appointment from the Authorised Officer, inspect the immovable/movable secured assets to be sold before the date of e-auction, It shall be the sole responsibility of the bidders to inspect and satisfy themselves about the secured assets and specification before submitting the bid. On participation by any person or corporate it shall be deemed that the bidders have fully satisfied themselves as to the | property /assets and claims/ dues affecting the property under Sal | 11. In case of bidding the bid increment shall not be 1% of reserve price in excess of Righest bid amount or the mall respects, 12. The sale will be confirmed in favour of the highest Bidder and the confirmation of sale shall be subject to the confirmation by the Secured Creditor. 13. Bids once made shall not be cancelled or withdrawa. The failure on the part of bidder to eomply with any of the terms and conditions of e-auetion, mentioned herein will result in forfeiture of the amount paid by the bidder. 14, The successful bidder so declared by the Authorised Officer shall deposit 25% of the sale price (inclusive of EMD) in DD/NEFT/Intemet transfer subject to realization, immediately on the sale day or not later than next working day in Ae No. 048921980050000, Union Bank of India, Corporate Banking branch, Ahmedabad, the Branch Code being 904899, IFSC Code UBIN0904899 and the balance 75% of the Sale Price on or before 15th day of confirmation of | sale or within such extended period as agreed upon in writing between the secured creditor and the purchaser, in any case not exceeding 3 months. In the event of failure to tender 25% (15%*EMD) of the sale price as per the terms of Sale by the successful bidder, the EMD so deposited by him shall be forfeited to secured creditor and the bid accepted | shall stand cancelled automatically and the defaulting bidder shall neither have claim on the property nor on any part | of the sum for which it may be subsequently sold, In default of payment of balance amount of purchase price before 15 days from the date of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the secured creditor and the purchaser (not exceeding 3 months) the deposit of 25% of the amount of sale price made shall be forfeited and the property shall forthwith be sold again and the defaulting purchaser shall neither have claim on the property nor on any part of the sum for which it may be subsequently sold. 15. The Authorised Officer may, where the property sold is subject to any encumbrances, if he thinks fit, allow the purchaserto deposit with him the money required to discharge the encumbrances and any interest due thereon together with such additional amount that may be sufficient to meet the contingencies or further costs, expenses and interest as may be determined by him. On such deposit of money for discharge of encumbrances, the Authorised Officer may issue or cause the purchaser to issue the notices to the persons interested in or entitled to the money deposited with him and take steps to make the payment accordingly. 16. On confirmation of sale by the secured creditor and if the terms of payment have been complied with by the successful bidder, the Authorised Officer shall issue a certificate of sale of immovable property in favour of the purchaser in Appendix-V to the Security Interest (Enforcement) Rules, 2002. 1717. Legal charges for conveyance, stamp duty, registration charges and other incidental charges as applicable shall be borne by the successful bidder only. al sie. 18.As per Section 194-1A of the Income Tax Act 1961, TDS @ 1% will be applicable on the sale proceeds where the sale consideration is Rs.50,00,000/- (Rupees Fifty lakhs only)and above, The successful bidder/purchaser shall deduct | the TDS from the sale price and deposit the same with the Income Tax Department in Form No. 16-B, containing the Bank’s name and the PAN number as @ seller and submit the original receipt of the TDS Certificate to the Bank. (Applicable for immovable property, other than Agricultural land). 19. The Authorised Officer will deliver the property on the basis of symbolie possession taken on as is where is basis, to the purchaser free from encumbrances, known to the Secured Creditor, on deposit of money by the purchaser towards the discharge of such encumbrances. Page 9 of 1020. immovable/movable secured assets five from any encumbrances known to the secured creditor or not. No request for change of name in the sale certificate other than the person who submitted the bid/participated in the auction shall be OO Z—£_ ee ee ‘The certificate of sale will be issued specifically mentioning whether the Purchaser has purchased the entertained, 21. The unsuccessful Bidders who have deposited EMD shall be entlled to have the Same refimdcd without any tne anmediately after the confirmation of sale by the Authorised Officer in favor of successful bidder. The, eee tilde ee eoaneet 16) ies que lee, as wow, Me omelib isp. The EMD of unsuccessful bidders will be refunded Bar arses fo their respective A/c No. as registered in e-auction Portal wwrw.msteecommeree.com, The bidders wil Hol be entitled to claim any interest, cost, expenses and any other charges (if any), 2. 23. 24, including the expenses charges / cos in taking possession and conducting the sale, tothe secured creditor before e- Auction, the sale by E auction may be cancelled by the Authorised Officer or to cancel the sale. authority ofthe person representing the bidder, the interpretation and decision of the Bank shall be final. In such an eventuality, the Bank shall in its sole discretion be entitled to call off the sale and put the Property to sale once again on any date and at such time as may be decided by the Bank. If the Borrower were to pay to the Authorised Officer the entire amount ducy wi The Up-to-date expenses Bank, the Secured Creditor, reserves the right to accept /reject the highest bid wihow assigning any reason thereof In case any dispute arises as to the validity of the bid(s), amount of bid, EMD or as 10 the eligibility of the bidder, 25. 26. 27. technical snag in acess to the site imespective of the causes. there is” condition. exclusive of encumbrances of all statutory dues and other dues ifany, shall be settled by the proposed purchaser out of his own sources. The bank/service provider for e-auction shall not have any liability towards bidders for any interruption or delay ‘The above movable/immovable secured assets will be sold in "as is where i, “aa Is what Band “whatever ‘The entice sale consideration shall be exclusively. available for appropriation towards dues to the Bank ands 28. However the intending bidders should make their own independent enquiry regarding the ‘encumbrances, title of the To the best of information and knowledge of the Authorized Officer, there Is no encumbrance on the property. erty, prior to submitting their bid. The E Auction 29. ‘The Authorized Officer reserves the right to cancel or postpone the sale without assigning any reasons. Whe ASSISTANT GENERAL MANAGER & AUTHORISED OFFICER Place: Ahmedabad Date: 16.09.2023 Page 10 of 10