VIJAYA BANK
(A Govt. of India Undertaking)Vellore Branch
No.34, Bishops House,
Officers line,Vellore – 632 001.
(Phone: 0416-2222628/2229883),
E-mail:]
A friend you can bank upon
PROPERTY FOR E-AUCTION
It is notified for all concerned that the following property is secured in favour of Vijaya Bank , Vellore branch , and as secured creditor taken possession under SARFAESI Act 2002, will be sold by e- auction on date 18.07.2017 on "as is where is and as is what is basis" for recovery of Bank dues. This is a notice to the borrower/Mortgagor/Guarantor/s of the below said loan about the holding of E- Auction sale on the said date, if their outstanding dues are not repaid in full by the said auction date.
1.NAME AND ADDRESS OF BORROWER/S, MORTGAGOR/S AND GUARANTOR/S :
1. Mr.Mohammed Siddiq …...... Borrower/Mortgagor
S/O Mohamed Abdullah
No-5/1818/1, Gandhi Buildings
Sathya Nagar
Ranipet-632403
2. Mr.Mohamed Musthafa ------Guarantor
S/O Sheik Mohamad
315, Mosque Street
Bharathi Nagar Extension
Sipcot Post
Ranipet-632403
2. AMOUNT DUE TO THE BANK: Rs.21,31,574.80 (Rupees Twenty One Lakh thirty One thousand Five Hundred Seventy Four and Paise Eighty only) and further interest from 31.03.2017 together with cost, charges other monies etc.,
3. SYMBOLIC POSSESSION TAKEN ON 16.02.2016
The under mentioned properties will be sold by “Online e-Auction through website https://vijayabank.abcprocure.com on the date and terms mentioned below for Recovery of an amount of Rs.21,31,574.80 (Rupees Twenty One Lakh thirty One thousand Five Hundred Seventy Four and Paise Eighty only) and further interest from 31.03.2017 ther with cost, charges other monies, other expenses from all of you severally and personally till the realization of costs.
SCHEDULE PROPERTY
All that part and parcel of land and building bearing S.NO.258/1A to an extent of 1.49 acres and 1400 sq.ft, in this plot No-H & Northern portion of Plot No-.33 at Vellore Dt, Arakonnam regns Dt, Arcot Sub Dt, Walaja Taluk, Melvisharam Village having boundaries:
On the North by : Land of Md. Ismail Sahib
On the South by :Plot No.33
On the East by : 15 ft road running from North to South
On the West by : Site Sold by Subramanian Mudaliar
And all that part and parcel of land and building bearing S.No.258/1A to an extent of 1.49 acres and 1400 sq.ft, in this Southern Portion of Plot No-33& Northern portion of plot No.32 at Vellore Dt, Arakonnam regn.Dt, Arcot Sub Dt, Walaja Taluk, Melvisharm Village having boundaries :
On the North by : Northern side Portion of Plot No-33
On the South by : Plot No-32 Southern side portion purchased by S.Salavudhin
On the Easst by : 15 ft road running from North to South
On the West by : Site sold by Subramani Mudaliar
Date and Time of Auction / 18.07.2017 between 2.00 P.M. And 3.00 P.M with unlimited extension of ‘10’minutes i.e. the end time of e- auction will be extended by 10 minutes each time if bid is made within the last 10 minutes before closure of auctionReserve Price / Rs.20.25 lac (Rupees Twenty lakh Twenty five thousand only )
Earnest Money Deposit / Rs. 2,02,500/-(Rupees two lakh two thousand five hundred only)
Incremental amount / Multiples of Rs.10,000/- only
Date of inspection by intending purchasers / 06.07.2017 between 11.00 A M and 4.00 P M.
Last date for submission of tender form / 15.07.2017 till 4.30 PM
The sealed cover should be superscribed with / “Quotation for participating in e-auction sale –
“ Mohammed Siddiq “
Date , time & Place of opening of online offers / 17.07.2017 at 2.00 PM, Vijaya Bank vellore Branch, 34 Bishops house, officers line , Vellore – 632 001.
Terms and conditions of Sale:
1. Auction/bidding shall only be through “online electronic mode” through the website of the Service Provider https://vijayabank.auctiontiger.net M/s e-Procurement Technologies Limited (abcprocure), Ahmedabad is the Service Provider to arrange e-auction platform.
2. The bidders may participate in e-auction for bidding from their place of choice internet connectivity shall have to be ensured by bidder himself. Bank/Service Provider shall not be held responsible for the internet connectivity, network problems, system crash down, power failure etc.
3. For details, help, procedure and online training on e-auction prospective bidders may contact the Service Provider viz M/s e-Procurement Technologies Limited (abcprocure), Ahmedabad. Contact No. 079-40230830/816/817/819/820, E-Mail Id: . Contact No. 9913326773 – Mr. Rikin Bramxatriya. Email Id: . Contact no 09978591888- Mr PraveenKumar Thevar Contact -09722778828 Email Id - Mr.Ashok Nattar (Chennai) Contact -09382276688 Bidders are required to hold digital signature certificate for participating in the E-Auction.
4. Bidders are advised to go through the website https://vijayabank.auctiontiger.net for detailed terms and conditions of auction sale & auction application form before submitting their Bids for taking part in the e-auction sale proceedings.
5. For participating in e-auction sale the intending bidders should register their details with the Service Provider M/s e-Procurement Technologies Limited (abcprocure), Ahmedabad, well in advance and get the User ID and password. Only the password may be changed on receiving it.
6. For participating in e-auction, intending bidders have to deposit a refundable EMD of 10% of reserve price by way of DD/Banker's Cheque favoring Vijaya Bank, Vellore Branch payable at Vellore, the intending bidders should submit the quotations along with the Demand Draft towards EMD in a sealed cover so as to reach to the Authorized Officer, Vijaya Bank, Vellore branch, Vellore 632001 on or before 15.07.2017. The sealed cover should be superscribed as stated above for the property. Tender forms may be collected from the banks office. The intending bidders must pay 10% of the upset price through RTGS/NEFT/DD etc and the remittance details must be clearly indicated in the bid form.
7. The property shall not be sold at /below the Reserve Price for property as per the schedule.
8. The highest bidder in the e-auction immediately on closure of auction process should submit/send the final price quoted by him by fax both to the Authorized Officer, Vijaya Bank, Vellore Branch and the service provider by Fax message for getting declared as highest bidder in the auction.
9. The successful bidder should deposit 25% of the bid amount (including EMD) on the same day before 17.00 hrs of the sale, being knocked down in his favour and balance 75% of bid amount within 15 days after the sale date without any further notice or such extended period as may be agreed in writing by the Authorized Officer by RTGS/NEFT/Funds Transfer/Demand Draft to the credit of A/C No. 301900301000324 Authorized Officer in account Mohammed Siddiq IFSC Code“VIJB0003019“ or by Demand Draft /Pay Order in favour of Vijaya Bank, Vellore Branch payable at Vellore.Amount of EMD and /or initial deposit as above shall be forfeited on failure to pay the balance amount as mentioned above.
10. In case of default in payment at any stage by the successful bidder/auction purchaser within the stipulated time, the sale will be cancelled and the amount already paid will be forfeited and the property will be again put to sale.
11. The successful bidder shall bear the charges payable for conveyance, Registration fee, stamp duty etc., as applicable.
12. The property is being sold on “AS IS WHERE IS & AS IS WHAT IS BASIS” and subject to conditions prescribed in the Securitisation and Reconstruction of Financial Assets and of Security Interest Act, 2002 and also subject to any orders of stay granted by any Court/Tribunal.
13. Prospective bidders are advised to peruse the copies of Title deeds with the Bank and verify the latest Encumbrance Certificate and other Revenue/Municipal records to exercise due diligence and satisfy themselves on the Title and Encumbrances, if any over the property and any complaints on the title deeds shall not be entertained later on.
14. Bids once made shall not be cancelled or withdrawn. All bids made from the user ID given to bidder will be deemed to have been made by him only.
15. All bidders shall be deemed to have read and understood the terms and conditions of sale and be bound by them.
16. The Authorized Officer may postpone/cancel the e- Auction without assigning any reason thereof.
17. In case the e-Auction schedule is postponed to a date before 30 days from the scheduled date of sale, it will be displayed on the website of the Service Provider.
18. This notice is issued without prejudice to such rights and remedies as are available against the Borrower/Mortgagor/Guarantor of the said loan/facilities to Vijaya Bank under law.
Note: The intending bidders may contact : Vijaya Bank, Vellore Branch, 34- Bishops House, Officers line, Vellore-632 001 for ascertaining the details of property and also for inspection of property Contact no Phone:0416- 2222658/2229883 E-mail: .
The above property details are also available at website www.vijayabank.co.in /tender .gov.in
Place: Vellore Authorised Officer
Date: 21.06.2017 Vijaya Bank