PUBLIC NOTICE FOR SALE

 

In terms of The Securitization and Reconstruction of the Financial Assets & Enforcement of Security Interest Act, 2002, and Security Interest (Enforcement) Rules, 2002, and in exercise of the powers conferred under Section 13(2) & 13(4) thereof, the Bank has taken over the possession of the under mentioned property.

 

The Bank intends to sell the property DETAILED HEREUNDER on “AS IS WHERE IS BASIS” as per brief particulars given hereunder:

 

 

S.No.

Name of Borrower

& Branch.

Amount Recoverable.

Description of Property.

 

Reserve

Price.

Earnest Money Deposit

 

 

 

 

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sh.Dharamvir

Grover.

 

Branch:Paharganj.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rs.16,75,613.19/-

alongwith further

interest, penal

interest and other

charges and expe-

nses, as applicable

to this overdraft

limit account from

time to time from

16.04.2007 till the

date of payment.

 

 

All the part and parcel of the  built  up  commercial

Property bearing Shop No.70, measuring an area of 407.00sq.ft., located at Bhagat Singh Market, Gole Market, New Delhi-110001.

Rupees Ninety One

Lakhs only.

(Rs.91/- Lak-

hs only.)

 

 

 

 

 

 

 

 

 

 

 

 

 

10% of

the Reserve

price i.e.

Rupees

Nine Lakhs

And Ten

Thousand

Only.

(Rs.9,10,000/- only.)

 

 

 

 

 

 

 

 

 

 

 

 

                                                                

·        The above mentioned property shall be sold on “as is where is basis” and “as is what is basis”, this being a leasehold property with the Bank.

·        The aforesaid property shall not be sold below the Reserve Price as mentioned above.

·        The successful offerer shall deposit 25% of the amount of sale price, adjusting the Earnest Money Deposit paid already, immediately after the acceptance of offer to the Authorised Officer in respect of the sale, failing which the earnest money deposit given/paid already shall be forfeited, and in default of such deposit, the aforesaid property shall forthwith be sold again.

·        The balance 75% of the sale price shall be payable on or before 15th day of confirmation of the sale by the Bank or such extended period as may be agreed upon in writing between the parties. In case of failure to deposit this balance amount within the prescribed period, the amount deposited shall be forfeited, and the aforesaid property shall be resold and the defaulting purchaser shall forfeit all claim towards the aforesaid property or to any part of the sum for which it may be subsequently sold. 

·        The Authorised Officer is not bound to accept the highest offer or any or all offers and reserves the right to accept or reject any or all the offers without assigning any reasons thereof.

·        The provisions of Private Treaty as provided in Law may be resorted to in case of need or if warranted so.

·        The successful purchaser would bear the Professional charges/fees payable, such as drafting, documentations, stamp duty, registration fee and any other incidental expenses thereto, as applicable as per Law.

·        This publication is also 30 day’s notice to the above named borrower.

 

 

 

Offers alongwith Bank Draft/Pay order of the Earnest Money Deposit amount as mentioned in this Sale Notice, may/can be send to the undersigned by the intending buyer(s) for purchase of the above mentioned property, by way of Speed Post A.D./Registered Post A.D./By Hand  at the MD Office of the Bank, at A-50, Naharpur Main Market, Opposite Pocket E-5, Sector-7, Rohini, Delhi-110085. The last date for submission of the offer is 29.07.2011 which shall be seen on 30.07.2011 at 3.00 P.M. at the Office of the Authorised Officer/Chief Manager of the Bank i.e. at 1916, Chuna Mandi, Paharganj, New Delhi-110055.

 

 

The intending buyers/purchasers may inspect the property on 27.06.2011 between 11.00 a.m. to 3.00.p.m., Bank Draft/Pay Order for EMD should be in favour of “The Kangra Co-operative Bank Ltd., account Sh.Dharamvir Grover, Proprietor of M/s.Grover Watch Palace (at PG/OD-3991.)”.

 

 

The other terms and conditions of the sale can be obtained from the Chief Manager or the Legal Officer of the Bank, from 1916, Chuna Mandi, Paharganj, New Delhi-110055.

 

 

 

 

                                                                                                                                                                          RAMESH CHAND KASANA

                                                                                                                                                          CHIEF MANAGER/AUTHORISED OFFICER.      

                                                                                                                                                            THE KANGRA CO-OPERATIVE BANK LTD.

                                                                                                                                                                  1916,CHUNAMANDI, PAHARGANJ

                                                                                                                                                                                NEW DELHI-55.

                                                                                                                                                                       PHONE NO. 9013568402.

 

 

 

 

 

 

DELHI.

DATED: 02.05.2011.