Regional Office,LIC Investment Building,3rd Floor,Pandri,Raipur-492004

Auction Notice

Auction Sale Notice for Sale of Immovable Assets under the Securitisation and Reconstruction of Financial Assets

and Enforcement of Security Interest Act, 2002 read with proviso to Rule-8 (6) of the Security Interest

(Enforcement) Rules, 2002.

Notice is hearby given to the public in general and in particular to the Borrower/s and Guarantor/s that the below

described immovable properties mortgaged/charged to the secured creditor, the physical possession of which has

been taken by the Authorized Officer of Union Bank of India, will be sold on “AS IS WHERE IS”, AS IS WHAT IS” and

“ WHATEVER THERE IS” by Auction on 17.07.2020 for recovery of the Under mentioned amounts with interest

and other expenses.

S.N. A-Name of the Borrowers B-Name of the guarantor C-Branch

Out standing Description of Secured Assets

A. Reserve - Price B. EMD

1 A-M/s Sai Handlooms,Prop.Mr. Rajesh Kumar Dewangon B- Ms.Durgeshwari Dewangon C-Champa

Rs.13,27,820.05 + int.& other

legal expenses

Land & Residential House situated at Kh.No.1831/3K/10,Maruti Vihar Colony,Ward No.20,Tah.-Champa,Dist.Jangir Champa (C.G.),Area-1065 sq.fts.

A-Rs.15,00,000/-- B-Rs.1,50,000/--

2 A-M/s Aiswarya Traders,Prop.Mr.Kishore Nathani B-Ms.Renu Garg and Ms.Lata Garg C-Kharsia

Rs.20,68,000.00 + int.& other

legal expenses

Land & Building situated at Kh.No.13/1,PC No.06,By Pass Road,Madanpur,Tehsil-Kharsia,Dist.Raigrh,Area 4800 sq.fts.

A-Rs.20,20,000/-- B-Rs.2,02,000/--

3 A-Somnath Rajput & Aruna Bai Rajput B-Bilaspur

Rs.11,81,877.00 + int.& other

legal expenses

Land & unfinished house ,house no.2,Khasra No.140/8 (part),Plot No.324,PH No.24,Plot No.324,PH No.24,Mouza Gram Panchayat Dhuma,Dist.Bilaspur (C.G.),Area-1200 sq.fts.

A-Rs.4,95,000/-- B-Rs.50,000/-

4 1-Umed Mohmmad & Sheikh Mohmmad 2-Bilaspur

Rs.6,30,056.00 + int.& other

legal expenses

Land & unfinished house PH No.24,Khasra No.140/9 (Part),Plot No.324 (Part),Mouza Gram Panchayat Dhuma,Dist.Bilaspur (C.G.),Area-880 sq.fts.

A-Rs.3,15,000/- B-Rs.31,500/-

Date of auction -17.07.2020

Time & Place of auction- For property No.1- 2.00 P.M.. at Union Bank of India,Champa Branch premises

For Property no.2- 11.00 A.M. at Union Bank of India ,Kharsia Branch premises

For Property No.3 & 4- 4.00 P.M. at Union Bank of India, Bilaspur Branch premises

For Property No.5 & 6- 11.00 A.M. at Union Bank of India,Bhilai Branch premises.

Date of submission of application with EMD : 16.07.2020 upto 5.00 pm.

Date and Time of Inspection of Property : 10.07.2020 from 11.am to 3.00 pm

Details of Encumbrances over the property as known to the bank: Not Known

For detailed terms & conditions of the sale ,Please refer to the link provided in union Bank of India website i.e.

www.unionbankofindia.com

Place :Raipur • Date : 24.07.2020 Authorised Officer,

For Union Bank Of India

5 A-Shri Narsinghh B-Bhilai

Rs.2,97,238.00 + int.& other

legal expenses

Open land situated at Plot No.4,Kh.No.780/1 (Part),PH No.29,Near Poultry Farm,Village Purai,Tahsil & Dist.Durg (C.G.)Area-1500 sq.fts.

A-Rs.3,24,000/-- B-Rs.35,000/-

6 1-Shri Pardeshi Ram 2-Bhilai

Rs.3,25,009.00 + int.& other

legal expenses

Open land situated at Plot No.5,Kh.No.780/1 (Part),PH No.29,Near Poultry Farm,Village Purai,Tahsil & Dist.Durg (C.G.)Area-1500 sq.fts.

A-Rs.3,24,000/- B-Rs.35,000/-

(Property No.1)

(Property No.2)

(Property No.3)

(Property No.4)

(Property No.5)

(Property No-6)

TERMS & CONDITIONS OF AUCTION SALE

1. The Property is being sold on “AS IS WHERE IS, WHATEVER THERE & WITHOUT

RECOURSE BASIS”. As such sale is without any kind of warranties & indemnities.

2. Particulars of the property / assets (viz. extent & measurements specified in the -Auction

Sale Notice has been stated to the best of information of the Bank and Bank shall not be

answerable for any error, misstatement or omission. Actual extant & dimensions may

differ.

3. Sale Notice issued by the Bank is an invitation to the general public to submit their bids

and the same does not constitute and will not be deemed to constitute any commitment

or any representation on the part of the Bank. Interested bidders are advised to peruse

the copies of title deeds with the bank and to conduct own independent enquiries /due

diligence about the title & present condition of the property / assets and claims / dues

affecting the property before submission of bid/s.

4. Auction/bidding shall be conducted at Union Bank of India ,Champa Branch,Station

Road,Champa,Dist.Jangir Champa (C.G.) premises at 2.00 PM on dated 17.07.2020 for

property No.1, Union Bank of India ,Kharsia Branch,Kharsia,Dist.Raigarh (C.G.) at 11.00

AM on dated 17.07.2020 for property No.2, Union Bank of India ,Bilaspur Branch, Old High

Court Road,Bilaspur (C.G.) at 04.00 P.M. on dated 17.07.2020 for property No.3 & 4,

Union Bank of India ,Bhilai Branch,Ghadi Chowk,Supela,Bhilai,Dist.Durg (C.G.) at 11.00 AM

on dated 17.07.2020 for property No.5 & 6.

5. For details, help, procedure of bidding /auction prospective bidders may contact Shri

S.S.Mishra,Authorised Officer,Union Bank of India, Mob.No.8425870197 or Shri Tikeshwar

Kumar Deshlahra,Branch Manager,Union Bank of India,Champa Branch,Mob.No.7525003213

for property No.1, Shri S.S.Mishra,Authorised Officer,Union Bank of India,

Mob.No.8425870197 or Shri Ravi Shankar Yadav,Branch Manager, Union Bank off

India,Kharsia Branch,Mob.No.8251045858 for property No.2, Shri S.S.Mishra,Authorised

Officer,Union Bank of India, Mob.No.8425870197 or Shri Dinesh Kumar Prasad,Branch

Manager,Union Bank of India,Bilaspur Branch,Mob.No.8818881725 for property No.3 & 4

and Shri B.K.Pingua,Authorised Officer/Chief Manager,Union Bank of India,Bhilai

Branch,Mob.No.9734013100 for property No.5 & 6.

6. For participating in auction, intending bidders have to deposit a refundable EMD of 10% of

reserve price by way of RTGS/NEFT/Funds Transfer to the credit of A/c No-

554701980050000, Union Bank of India,Champa Branch through IFSC Code UBIN0555479 or

by DD/Pay order favouring Union Bank of India, Champa Branch payable at Champa for

propert No.1, A/c No.640505040000102, Union Bank of India,Kharsia Branch through IFSC

Code UBIN0564052 or by DD/Pay order favouring Union Bank of India, Kharsia Branch

payable at Kharsia for property No.2, A/c No-423801980050000, Union Bank of

India,Bilaspur Branch through IFSC Code UBIN0542385 or by DD/Pay order favouring Union

Bank of India, Bilaspur Branch payable at Bilaspur for property No.3 & 4 and A/c

No.438101980050000, Union Bank of India,Bhilai Branch through IFSC Code UBIN0543811

or by DD/Pay order favouring Union Bank of India, Bhilai Branch payable at Bhilai for

property No.5 & 6.

7. The intending bidders should submit the bid application along with the DD / PO / quoting

the UTR No. of NEFT/RTGS remittance towards EMD in a sealed cover addressed to the

Branch Manager, Union Bank of India, Champa Branch,Champa,Dist.Jangir Champa (C.G.) ,

the sealed cover should be super scribed with “Bid for participating in Auction Sale- - in

the A/c of “M/s Sai Handlooms ” for property No.1, Branch Manager, Union Bank of

India, Kharsia Branch,Kharsia,Dist.Raigarh (C.G.) , the sealed cover should be super

scribed with “Bid for participating in Auction Sale- - in the A/c of “M/s Aiswarya

Traders” for property No.2 , Branch Manager, Union Bank of India, Bilaspur Branch,Old

High Court Road,Bilaspur (C.G.) , the sealed cover should be super scribed with “Bid for

participating in Auction Sale- - in the A/c of “M/s Somnath Rajput/Umed Mohmmad ”

for property No.3 & 4 and Branch Manager, Union Bank of India, Bhilai

Branch,Bhilai,Ghadi Chowk,Supela,Bhilai,Dist.Durg (C.G.), the sealed cover should be

super scribed with “Bid for participating in Auction Sale- - in the A/c of “M/s

Narsingh/Pardeshi Ram ”for property No.5 & 6 latest by 5.00 PM on 16.07.2020.

8. After expiry of the last date of submission of bids with EMD, Authorised Officer shall

examine the bids received by him and confirm the details of the qualified bidders (who

have paid the specified EMD with the Bank) to enable them to allow only those bidders to

participate in the bidding /auction proceedings at the date and time mentioned in Auction

Sale Notice.

9. Immediately upon closure of Auction proceedings, the highest bidder shall declared as

successful bidder in the Auction Sale proceedings.

10. The successful bidder shall deposit 25% of the bid amount (including EMD) on the same

day of the sale, being knocked down in his favour and balance 75% of bid amount within

15 days from the date of sale by RTGS/NEFT/Funds Transfer to the credit of A/c No:

No.554701980050000, Union Bank of India, Champa Branch, through IFSC Code

UBIN0555479 or by DD/Pay order favouring Union Bank of India, Champa Branch payable at

Champa for property No.1, A/c No.640505040000102, Union Bank of India,Kharsia Branch

through IFSC Code UBIN0564052 or by DD/Pay order favouring Union Bank of India, Kharsia

Branch payable at Kharsia for property No.2, A/c No-423801980050000, Union Bank of

India,Bilaspur Branch through IFSC Code UBIN0542385 or by DD/Pay order favouring Union

Bank of India, Bilaspur Branch payable at Bilaspur for property No.3 & 4 and A/c

No.438101980050000, Union Bank of India,Bhilai Branch through IFSC Code UBIN0543811

or by DD/Pay order favouring Union Bank of India, Bhilai Branch payable at Bhilai for

property No.5 & 6.

11. In case of default in payment of above stipulated amounts by the successful bidder /

auction purchaser within the stipulated time, the sale will be cancelled and the amount

already paid (including EMD) will be forfeited and the property will be again put to sale.

12. At the request of the successful bidder, the Authorised Officer in his absolute

discretion may grant further time in writing, for depositing the balance of the bid amount.

13. Municipal / Panchayat Taxes, Electricity dues (if any) has to be paid by the successful

bidder before issuance of the sale certificate. Bids shall be made taking into

consideration of all the statutory dues pertaining to the property.

14. Sale Certificate will be issued by the Authorised Officer in favour of the successful

bidder only upon deposit of entire purchase price / bid amount and furnishing the

necessary proof in respect of payment of all taxes / charges.

15. Applicable legal charges for conveyance, stamp duty, registration charges and other

incidental charges shall be borne by the auction purchaser.

16. The Authorized officer may postpone / cancel the Auction Sale proceedings without

assigning any reason whatsoever. In case the -Auction Sale scheduled is postponed to a

later date before 30 days from the scheduled date of sale, it will be displayed on the

website of the Bank.

17. The decision of the Authorised Officer is final, binding and unquestionable.

18. All bidders who submitted the bids, shall be deemed to have read and understood the

terms and conditions of the Auction Sale and be bound by them.

Sd/- Place: Raipur Authorized Officer Date: 26.06.2020 For Union Bank of India,