(Annexure-15 A)

THE TERMS AND CONDITIONS OF SALE TO BE UPTOADED ON THE WEBSITE

OF THE SECURED CREDITOR.

Sr,lrr. nAfrrrllNr KAUR AND SH. SATINDER SINGH R/O VlttAGE

TOHARGARH PO KAKRU AMBALA CITY.Name and Address ofthe Borrower

Stressed Assets Recovery Branch

State Bank of lndia

SCO-70, Ground fl oor, Sector-5, Panchkula-134109

Name and address ofBranch, the secured

creditor

R"rid"rtl"l House no 245013564'8.2 Abadi Patel Road,

Ambala City measuring 67 sq yards vide sale deed No 2345

dated 15,7.2016 in the name of Smt. Rajwant Kaur wife of Sh'

Description of theimmovable secured

assets to be sold

Details of theencumbrances know tothe secured creditorThe secured debt forrecovery of which theproperty is to be sold

f fUO, f UO, Rs.1.23 lacs, being the 10% of Reserve price to be

transferred / deposited by bidders in his / her/ their own

Wallet provided by M/s. MSTC Ltd on its e-auction site https://

wwwmstceco@bYmeans of RTGS/NEFT.

Deposit of earnest

money

Rs.10.23 lacs,

Bidders own wallet Registered with M/s MSTC

auction

sB by means of RTGS/NEFT.

25.02.2020 UPTO 4 P.M.

its e-

sitedex.i

on

rilin

Ltd

iba

Reserve price of theimmovable secured

assets:

Account/ Wallet in

which EMD to be

remitted

Last Date and Time

within which EMD to be

remittedThe successful bidder shall deposit 25% of sale price, after

adjusting the EMD already paid, immediately, i.e. on the same

day or not later than next working day, as the case may be,

after the acceptance of the offer by the Authorised officer,

failing which the earnest money deposited by the bidder shall

be forfeited. The Balance 75% ofthe sale price is payable on or

before the 15th daY of confir@

Time and manner ofpayment

01

02

03

04 NIL

Rs.2551048-0005

06

07

08

asset or such extended period as ma'

writing between the Secured Credito

purchaser not exceeding three months

Auction.

be agreed upon inand the e-Auction

from the date of e-

09 Time and place ofpublic e-Auction ortime after which sale by

any other mode shall

be completed

Date:26.02.2O2OTime: 120 minutes from 11:00AM to 01:l

extension of 5 minutes each.

l0 PM with unlimited

10 The e-Auction will be

conducted through theBank's approved serviceprovider

M/s. MSTC Ltd at thhtt ps://www. m stceEao rnelEe.Eq n0la-uEll

web pcrrta I

onhome/ibapi/index. i

Ep.

11 (i) Bid increment

amount:(ii) Auto extension:(iii) Bid currency & unitof measurement

Rs.10,000/-

Unlimited extension of 5 minutes each

tNR

t2 Date and Time duringwhich inspection of theimmovable secured

assets to be sold and

intending biddersshould satisfy

themselves about theassets and theirspecification.

Contact person withmobile number

20.02.2020

11.00 AM TO 1.00 P.M.

13 Other conditions (a). The Bidders should get themhttps://www.mstcecommerce.com/auct

Sp. by providing requisite KYC documen

as per the practice followed by M/s. MS

auction date. The registration process I

working days. (Registration process is,website).

(b). The lntending bidder should transfr

means of challan generated on his bidd

with MSTC

htt ps:r'w!v!ry. mslqelqrn rnclge.ggm/a uct

;elves registered on

on h om e/ibap i/in dex. i

ls and registration feel-C. Ltd well before theakes minimum of twoletailed on the above

rr his EMD amount by

-'r account maintainedLtd

onhome/ibapi/index. i

J

(c) The lntending bidder should take care that the EMD istransferred at least one day before the date of auction andconfirm that his wallet maintained with M/s.MSTC Ltd isreflecting the EMD amount withc,ut which the system will notallow the bidder to participate in the e-auction.

(d) The EMD of the successful bidder will be automatica ytransferred to the bank once the sale is confirmed by the respectiveAuthorised Officer of the bank and the remaining amount i.e 25 yo ofsale price to be paid immediately i.e. on the same day or not laterthan next working day, as the case may be.

(e) During e-Auction, if no bid is recerived within the specified time,State Bank of lndia at its discretion may decide to revise openingprice / scrap the e-Auction process / proceed with conventionalmode of tendering.

(f) The Bank / service provider for e-Auction shall not have any

gp. by means of NEFT/ nfCS traniteiEonr trf bant acmunr

liability towards bidders for any interruption or delay in access tothe site irrespective of the causes.

(g) The bidders are required to submit acceptance of the terms &conditions and modalities of e-Auction adopted by the serviceprovider, before participating in the e-Auction.

(h) The bid once submitted by the bidder, cannot becancelled/withd rawn and the bidder shall be bound to buy theproperty at the final bid price. The failure on the part of bidder tocomply with any of the terms a 1d conditions of e_Auction,mentioned herein will result in forfeiture of the amount paid by thedefa ulting bidder.

(i) Decision of the Authorised Officer regarding declaration ofsuccessful bidder shall be final and bin,Cing on all the bidders.

(j) The Authorised Officer shall be at liberty to cancel the e_Auctionprocess / tender at any time, before dr:claring the successful bidder;without assigning any reason.

(k) The bid submitted without the EMD shall be summarily rejected.The property shall not be sold below the reserve price.

(l) The conditional bids may be treate,l as invalid. please note thatafter submission of the bid/s, no correspondence regarding anychange in the bid shall be entertained.

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(m) The EMD of the unsuccessful bidder wlll be refunded to theirrespective waltet maintained with M/s MSTC ttd. rhe eia;erias toplace a request with MSTC Ltd for refund ,f tn, ,rrc irrti, f'ti,bank account. The bidders will not be entitled to .f.i, .nf int"r"rt,costs, expenses and any other charges (if any).(n) The Authorised Officer is not bound to accept the highestoffer and the Authorised officer has absoltrte r.icht t; ,.1"';t o,reject any or all offer(s) or adjourn/postpone/cancei'tfreauction without assigning any reason thereof. The sale issubject to confirmation by the secured crqditor.(o) ln case of forfeiture of the amount deposited by thedefaulting bidder, he shall neither have claim on the propertynor on any part of the sum for which may it be subsequentlysold.(p) The successful bidder shall bear all the necessary expenseslike applicable stamp duties/additional Ftamp auiy/transfercharges, Registration expenses, fees etc. for transfer of theproperty in his/her name.(q) The payment of all statutory /non- statutory dues, taxes,rates, assessments, charges, fees etc., owing to anybody shallbe the sole responsibility of successful bid{er only.(r) ln case of any dispute arises as to the vFlidity of the bid (s),amount of bid, EMD or as to the eligilility of the bidder,authority of the person representing the bidder, theinterpretation and decision of the Authoribed Officer shall befinal. ln such an eventuality, the Bank shall in its sole discretionbe entitled to call of the sale and put the ptoperty to sale onceagain on any date and at such time as may be decided by theBank. For any kind of dispute, bidders are yequired to contactthe concerned authorised officer of the concerned bankbranch only.

(s) The sale certificate shall be issued after receipt of entiresale consideration and confirmalion of sale by securedcreditor. The sale certificate shall be issued in the name of thesuccessful bidder. No request for change of name in the salecertificate other than the person who submitted the

in the auction will tre ed.bi

Date: 22.0L.2020lace: PANCHKULA.

Authorised Oliicer

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