ANNEXURE- B

APPENDIX- IV-A” [See proviso to rule 8 (6)]

Sale notice for sale of immovable properties

E-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 hereby given to the public in general and in particular to the Borrower (s) and
Guarantor (s) that the below described immovable property mortgaged/charged to the Secured
Creditor, the Constructive(Symbolic)/Physical (whichever is applicable) possession of which
has been taken by the Authorised Officer of Indian Bank, Boring Road Branch, Secured
Creditor, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 13.11.2024,
for recovery of Rs. 2,75,56,465.00 (Rupees Two Crore Seventy Five Lakh Fifty Six
Thousand Four Hundred Sixty Five Only) as on 10.10.2024 due to the Indian Bank,
Boring Road Branch, Secured Creditor, from M/S –Mangal Murti Construction (CIF-
30084762730) Account: 50171314077, 50520389025.

The specific details of the property intended to be brought to sale through e-auction mode are
enumerated below:

Detailed description of the Property Flat No. PC-6 & PC-7 on Mezzanine Floor, having
super- built up area 600 sqft of the Building Known as
“Raghubans Deep” constructed and the undivided
proportionate share of land on Part of Survey Plot no.
67, 68, 69, Khata No.534, Tauzi No.288, Situated at
Mauza- Dhakanpura Mandal Compound, P.S.- Budha
Colony, Dist- Patna, Thana No. 07, in the town and
District of Patna within limits of Patna Municipal
Corporation and Patna Regional Development Authority
and within the Jurisdiction of District Sub-Registrar of
Patna Sadar, vide Deed No.14875 dated 28.06.2007.

Boundary of Land: North: Ram Niwas, South:

Dharahra House, East: Road, West: Shri Ram Kunj
Apartment

Boundary of flat: North: Open Space, South:

Corridor, East: Open Space & West: Flat No.
Encumbrances on property if any NIL
Reserve Price 34,00,000/-
EMD Amount 3,40,000/-
Bid incremental amount 10,000/-
Date and time of e-auction at the platform of e- 13.11.2024 from 11.00 AM to 5.00 PM
auction Service Provider
https://www.ebkray.in https://www.ebkray.in
Property ID No. IDIB30084762730B

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 ANNEXURE- B
The intending Bidders/ Purchasers are requested to register with online portal
(https://www.ebkray.in) using their mobile number and email id. Further, after completing their
eKYC, the intending Bidders/ Purchasers have to transfer the EMD amount in their e-Wallet by
12.11.2024 i.e before the e-Auction Date and time in the portal. The registration, eKYC and
transfer of EMD in wallet must be completed well in advance, before auction.

TERMS AND CONDITIONS

1. Earnest Money Deposit (EMD) amount as mentioned above shall be paid online or after
generation of Challan from the website (https://www.ebkray.in) for depositing in
bidders e-Wallet. NEFT transfer can be done from any Scheduled Commercial Bank.
Payment of EMD by any other mode such as Cheques will not be accepted. Bidders,
not depositing the required EMD online, will not be allowed to participate in the e-
auction. The Earnest Money Deposit shall not bear any interest.
2. The successful bidder shall have to deposit 25% (twenty five percent) of the bid amount,
including EMD amount (10%) deposited, latest by the next working day and the
remaining amount shall be paid within 15 days from the confirmation of sale in the form
of Banker's Cheque/ Demand Draft /Account Transfer and/ or any other acceptable
mode of money transfer. The Nodal Bank account no. / IFSC Code etc. for online money
transfer is as under.
Nodal Bank Account No. and A/c. Name Branch name and IFS Code
50461528614-Authorised Officer, Indian Bank Indian Bank, Exhibition Road,
IDIB000P610
In case of failure to deposit the amounts as above within the stipulated time, the amount
deposited by successful bidder will be forfeited to the Bank and Authorized Officer shall
have the liberty to conduct a fresh auction/ sale of the property & the defaulting bidder
shall not have any claim over the forfeited amount and the property.
3. Payment of sale consideration by the successful bidder to the bank will be
subject to TDS under Section 194 – 1A of Income Tax Act 1961 and TDS is to be
borne by the successful bidder only at the time of depositing the balance 75% of
the bid amount.
4. On receipt of the entire sale consideration, the Authorized Officer shall issue the Sale
Certificate as per rules.
5. All expenses relating to stamp duty and registration of Sale Certificate, if any, shall be
borne by the successful bidder.
6. The Authorized Officer/Bank has the absolute right to accept or reject any bid or
adjourn/ postpone/ cancel the sale without assigning any reason therefor.
7. The Sale shall be subject to rules/ conditions prescribed under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
8. Platform (https://www.ebkray.in) for e-Auction will be provided by our e Auction service
provider PSB alliance Pvt. Ltd., Unit 1, 3rd Floor, VIOS Commercial Tower, Near
Wadala Truck Terminal, Wadala East, Mumbai – 400 037(Contact Phone 8291220220,
email ID:- [email protected]). The intending Bidders/ Purchasers are
required to participate in the e-Auction process at e-Auction Service Provider’s
website https://www.ebkray.in.

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 ANNEXURE- B
9. The Sale Notice containing the General Terms and Conditions of Sale is available /
published in the following websites/ webpage portals (1) www.indianbank.in and (2)
https://www.ebkray.in
10. The intending participants of e-auction may download free of cost, copies of the Sale
Notice, Terms & Conditions of e-auction, FAQ on eAuction and User Manual on
operational part of e-Auction related to this e-Auction from eBKray
(https://www.ebkray.in).
11. The intending Bidders / Purchasers are requested to register on portal
(https://www.ebkray.in) using their mobile number and email-id. Further, they will
complete their eKYC. Once, the eKYC process completed, the intending Bidders
/Purchasers has to transfer the EMD amount using online mode/ by Challan in their
Global EMD e-Wallet. Only after having sufficient EMD in his/her e-Wallet, the interest
bidder will be able to bid on the date of e-auction.
12. Bidder’s e-Wallet should have sufficient balance (>=EMD amount) at the time of bidding.
13. During the e-auction, bidders will be allowed to offer higher bid in inter-se bidding over
and above the last bid quoted. Ten minutes time will be allowed to bidders to quote
successive higher bid and if no higher bid is offered by any bidder after the expiry of ten
minutes to the last highest bid, the e-auction shall be closed. It is clarified that
confirmation of sale in favour of highest bidder shall be subject to confirmation by the
Bank in terms of Security Interest (Enforcement) Rules, 2002.
14. Intending Bidders are advised to properly read the Sale Notice, terms & conditions of e-
auction and User Manual on operational part of e-Auction and follow them strictly.
15. In case of any difficulty or assistance is required before or during e-Auction process they
may contact authorized representative of our e-Auction Service Provider PSB Alliance
Pvt. Ltd.. Details of which are available on the e-Auction portal.
16. After finalization of e-Auction by the Authorized Officer, only successful bidder will be
informed by our above referred service provider through SMS/ email. (on mobile
no/email address given by them/ registered with the service provider).
17. If the e-auction fails owing to any technical snag etc., the same may be re-
scheduled by issuing 7 days’ prior notice.
18. For verification about the title document, property & inspection thereof, the intending
bidders may contact Indian Bank, Boring Road Branch, Sahdev Mahato Marg, Sri
Krishnapuri Boring Road Patna -800001.
19. To the best of knowledge and information of the Authorized Officer, there is no
encumbrance on the property/ ies other than mentioned above (if any). However, the
intending bidders should make their own independent inquiries regarding the
encumbrances and claims/ rights/ dues/ affecting the property, prior to submitting their
bid. The e-auction advertisement does not constitute and will not be deemed to
constitute any commitment or any representation on the part of the bank. The
Authorized Officer/ Secured Creditor shall not be responsible in any way for any third
party claims/ rights/ dues other than mentioned above (if any).

Place: Patna
Date: 10.10.2024 (Authorised Officer)

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