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APPENDIX IV A

(§) Union SankoflndJa

Karol bagh Branch,10184, Arya Samaj Road, Karol Bagh, New Delhi -110005

Landline:01l-28750003,28757660,28750709Email: [email protected]

[See proviso to rule 8 (6)]

Sale notice for sale of immovable properties

E-Auction Sale Notice for Sale of Immovable Assets under the Securitization andReconstruction 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 hereby given to the public in general and in particular to the Borrower(s) and Guarantor (s) that the below described immovable propertymortgaged/charged to the Secured Creditor, the physical possession of whichhas been taken by the Authorized Officer of Union Bank of India SecuredCreditor, will be sold on "As is where is", "As is what is", and "Whatever there is"on 14.06.2019, for recovery of Rs. 4,22,77,322.67 due to the Union Bank ofIndia, Karol Bagh Branch, New Delhi Secured Creditor from M/s AshwaniDaimond Jewellery Prop. Mr. Ashvani Verma (Borrower (s)) and Mrs. PoonamVerma, Mr. Dharam Veer Verma and Mr. Ravinder Verma (Guarantor (s)). Thereserve price will be Rs. 68,85,000/- and the earnest money deposit will be Rs.6,88,500/-.

(Give short description of the immovable property with known encumbrances, ifany)

Entire Third Floor without roof rights in property bearing No Municipal No3216, Ward No XVI, Khasra No 270B/2616, In Block P, Gali No 30-31,Bedaunpura Karol Bagh, New Delhi measuring 83 SqYards

For details terms and conditions of sale, please ~efer to the link provided iCreditor's website i.e., www.unionbankofin .. ~fl')'l () •J" ~\I'Iclla*s.":>' "

~~>~~\Place: NewDelhi I.!;? . 1~)Date: 22-05-2019 '!. 9", :e.--1t!.1

\ "'<.;Q~~h:·1~;(5 ~Ka<?'«; e- /<, -I: Q;"~.//....•..

Secured

Auth nzed OfficerUnion Bankof IndiaKarol BaghBranch

£11/>This notice also be treated as notice u/r 8(6) & proviso u/r 9(1) of SecuritYlnterest(Enforcement) Rules, 2002 to the borrower/s and guarantor/s of the said loan about theholding of E-Auction Sale on the above mentioned date.

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t£i). Union Bankof India

Karol bagh Branch,10184, Arya Samaj Road, Karol Bagh, New Delhi - 110005

Landline: 011-28750003, 28757660, 28750709Email: [email protected]

TERMS & CONDITIONS OF ONLlNE E-AUCTION SALE

1. Descripton of the immovable Immovable property being Entire Third Floor withoutpropert

lto be auctioned roof rights in property bearing No Municipal No.3216,

Ward No. XVI Khasra No. 270B/2616, in Block P, GaliI No.30-31, Bedaunpura, Karol Bagh, New Delhi-110005

I held in the names of Mrs. Poonam Verma w/o Mr.

ISurrender Verma Bounded as follows: On the North :Plot No. 3215; On the South : Gali, On the East: Gali

I! No.30; On the West: Gall No. 31.I

2. Name or Borrower / Mortgagor M/s Ashwani Diamond Jewellery (Borrower) .'Mrs. Poonam Verma w/o Mr. Surrender Verma

i (Mortgagor)3. Date an/dtime of Auction 14-06-2019 between 11:00 AM To 02:00 PM with

unlimited extension of 1/5"minutes each i.e the end! time of e-auction will be extended by 5 Minutes each

I time if bid is made within the last 5 minutes before

I closure of auction.

4. Reservs Price Rs. 68,85,000/- (Rupees Sixty Eight Lac Eighty FiveI

I Thousand only)

5. Earnest Money Deposit (EMD) Rs. 6.88.500/- (Rupees Six Lac Eighty Eight ThousandFive Hundred only)

6. Last dat e of submission of bids On or before 13-06-2019 (Thursday) 5:00 pm

7. Bid Incr~ment Amount by Rs. 10,000/- (Rupees Ten Thousand only)

8. Debt Dl e with interest and cost Rs. 4,22,77,322.67 (Rupees Four Crore Twenty Two LacSeventy Seven Thousand Three Hundred Twenty Twoand Paisa Sixty Seven only) as on 31-03-2019 andfurther interest at contractual rate & cost from 01-04-2019.

9. Date & rime of inspection of 05-06-2019 (Wednesday) between 3:00 P.M to 5:00property for intending purchasers P.M.

10 Details bf encumbrances over the Not Knownpropert v, as known to the Bank

I'- IL--.~ _

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11. The Pro erty is being sold on "AS IS WHERE IS", "AS IS WHAT IS", "WHATEVER THEREIS"and "WI HOUT RECOURSEBASIS". As such, sale is without any kind of warranties &indemni ies.

12. Particula s of the property/asset (viz. extent ~ measurements specified in the E-AuctionSale Not ce) have been stated to the best of information of the Authorised Officer andAuthorised Officer shall not be answerable for any error, misstatement or omission. Actual

extent &Idimensions may differ.

13. E-Auctior Sale Notice issued by the Bank is an invitation to the general public to submittheir bids and the same does not constitute and will not be deemed to constitute anycommitment or any representation on the part of the Bank. Interested bidders are advisedto peru~e the copies of title deeds with the Bank and to conduct own independentenqUiriefdue diligence about the title & present condition of the property/ assets andclaims/ 9ues affecting the property before submission of bid/so

14. Auction{ bidding shall only be through "online electronic mode" through the websitehttps:ljwww.bankauctions.in by the service provider M/s 4 closure who shall arrange andcoordintte the entire process of auction through the e- auction platform.

15. The bidgers may participate in e-auction for bidding from their place of choice. I ternetconnectiYity shall have to be ensured by bidder himself. Banks/service provider shall not beheld responsible for the internet connectivity, network problems, system crash, power

failure elc.

16. For details, help, procedure and online bidding on e-auction prospective bidders maycontact Ithe Service Provider M/s 4 closure Further help Line No. +91-040-23836405 andMr.Vika~: +91-08142000809, Help Line e-mail ID:[email protected] &[email protected]

17. For participating in the e-auction sale, the intending bidders should register their detailswith the service provider MI5 4 closure well in advance and shall get the user id andpassword. Intending bidders are advised to change only the password immediately uponreceiving it from the service provider. .

18. For parti~iPating in e-auction, intending bidders have to deposit a refundable EMD ~f 10%I

of reser~e price by way of RTGS/NEFT/Funds Transfer to the credit of A/c. No.3079019~0050000, Union Bank of India, Karol Bagh Branch through IFSC CodeUBIN053P794 or by DD/Pay order favouring Union Bank of India, Karol Bagh Branch payable

at New gelhi. .

19. The intending bidders should submit the duly filled in Bid Form (format available in theabove wFbsite) along with the DD/ PO or quoting the UTR No. of NEFT/RTGSremittancetowards EMD in a sealed cover addressed to the Authorized Officer, Union Bank of India,

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Karol Ba h Branch, 10184, Arya Samaj Road, Karol Bagh, New Delhi- 110005 latest by 05.00P.M. on 3-06-2019. The sealed cover should be super scribed with "Bidfor participating inE-Auctio Sale- in the A/c. of M/s Ashwani Diamond Jewellery".

20. After eXEiry of the last date of submission of bids with EMD, Authorised Officer shallexamine1the bids received by him and confirm the details of the qualified bidders (who havequoted heir bids over and above the reserve price and paid the specified EMD with theBank) to the service provider M/s 4 closure to .enable them to allow only those bidders toparticipafe in the online inter se bidding /auction proceedings on the date and timementionrd in E-Auction Sale Notice.

21. Interse biddlng among the qualified bidders shall start from the highest bid quoted by thequalifiedl bidders. During the process of interese bidding, there will be unlimited extensionof 1/5" mf·nutes each, i.e. the end time of e- auction shall be automatically extended by 5Minutes ach time if bid is made within 5 minutes from the last extension.

22. Bids ones made shall not be cancelled or withdrawn. All bids made from the user id given tobidder w 11 be deemed to have been made by him alone.

23. Immediafely upon closure of E-Auction proceedings, the highest bidder shall confirm thefinal amount of bid quoted by him BY FAX/ EMAIL both to the Authorised Officer, UnionBank of Ilndia and to the Service Provider for getting declared as successful bidder in the E-Auction Sale proceedings.

24. The SUC+SSfUIbidder shall deposit 25% of the bid amount (including EMD) latest l5y nextworking ~ay of the sale, being knocked down in his favour and balance 75% of bid amountwithin 1] days from the date of e-auction by RTGS/NEFT/FundsTransfer to the credit of A/C.No: 307~019800s0000, Union Bank of India, Karol Bagh Branch through IFSC CodeUBIN0530794 or by DD/Pay order favouring Union Bank of India, Karol Bagh Branch payableat New delhi.

25. In case ~~default in payment of above stipulated amounts by the successful bidder /auctionpurchas1r 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.

26. At the rLuest of the successful bidder in writing, the Authorised Officer in his absolutedisereti0r. may gra nt furt her ti me in writi ng, for depositi ng the ba lanee of th e bid amou nt.

27. Municipal! Panchayat Taxes, Society dues, Electricity dues (if any) has to be paid by thesueeesst bidder only. .

28. Sale Certificate will be issued by the Authorised Officer in favour of the successful bidderonly upoh deposit of the entire purchase price/ bid amount.

I

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29. Applicab e legal charges for conveyance, stamp duty, registration charges and otherincldental charges shall be borne by the auction purchaser.

!30. The Authorized officer may postpone/ cancel the E-Auction Sale proceedings without

assigning any reason whatsoever. In case the E-Auction Sale scheduled is postponed to alater da e before 30 days from the scheduled date of sale, it will be displayed on thewebsite f the service provider.

31. The deci ion of the Authorised Officer is final, binding and unquestionable.

32. All bidd rs who submitted the bids, shall be deemed to have read and understood the

termsan conditionsof the E-AuctionSale*a;@j;~~ by them~( .•

,~~ /~ \~\)Place: New ..•...;- \:1'/ ....~\.wY --0 • IDate: 22-05 ~~+VP.9 I.IO\V ~ uthorized Officer

.. ~~ .r.u.~ , '£'(\

Speciallnstr ctions I Caution:I

Bidding in t~e last minutes/seconds should be avoided by the bidders in their own interest.Neither the I Bank/Authorised Officer nor the Service Provider will be responsible for anylapses/failurF {Internet failure, Power failure, etc.} on the part of the bidder in such cases. Inorder to waj"d off such contingent situation, bidders are requested to make all the necessaryarrangemen s / alternatives such as back-up power supply and whatever else required so thatthey are able to circumvent such situation and are able to participate in the auctionsuccessfullv.l

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