IDFC First BankLimited Branch Office: Gujarat Regional Office


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IDFC First BankLimited Regional Office: Surat Branch Office: Gujarat

E-AUCTION SALENOTICE

PUBLIC NOTICE FOR E-AUCTION FOR SALE OF IMMOVABLE PROPERTIES LAST DATE & TIME OF SUBMISSION OF EMD AND DOCUMENTS (ONLINE) ON/BEFORE 06.06.2022 UPTO 05.00 PM

Sale of immovable property/ies mortgaged to Capital First Finance Limited under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002(No.54 of 2002)

Whereas, the Authorized Officer of IDFC FIRST BANK LTD has taken possession of the following property/ies pursuant to the notice issued under Section 13(2) of the Security Interest (Enforcement) Rules 2002 in the following loan account with right to sell the same on “AS IS WHERE IS BASIS and AS IS WHAT IS BASIS”&“WHATEVER THERE IS” for realization of IDFC FIRST BANK LTD dues plus interest as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Bank’s dues by sale of the said property/ies. The sale will be done by the undersigned through e-auction platform provided at the Web Portal (https://idfcfirstbank.auctiontiger.net/EPROC/ )

Name of the Branch & Account
IDFC FIRST BANK BRANCH - Surat A/C NO.- 12918106 & 13075503
Cosmos Jewells, Harshadkumar H Gajipara & Jitendrabhai H Gajipara

Name of the owner of the
property
Harshadkumar H Gajipara

Details of property

Property-1 All The Piece And

Parcel Of The Property Consisting

Of Shop No.206 Immovable

Property,Premises Of Shop

No.206,Admesuring 293.00Sq.Fts

I.E 27.23Sq.Mtrs Super Built Up

Area,

Admeasuring

17.612Sq.Mtrs,Built

Up

Area,Along With Proportionate

Undivided Share In Ground Land

“Second

Floor”,

“Sai

Square”Developed

By”Sai

Squre”Commercial

Complex

Co.Op

Housing

Society

Ltd”Developed Upon Land

Situated In State:Gujarat,District

:Surat,Sub-District & Taluk :Surat

City,Moje Village Adajan Bearing

Revenue Survey No.151/1 Paikee

T.P Scheme No.13 (Adajan),Final

Plot No.63 Admeasuring

1823Sq.Mtrs For Commercial

Purpose N A Land Paikee-East :

Adjoining Sai Square Apartment,

West : Adjoining Public Road,

North : Adjoining Sai Square Co.Op

Housing Society & South :

Adjoining Public Road.

Property-2

Immovable

Property,Premises Of Shop

DESCRIPTION OF IMMOVABLE PROPERTIES

Outstanding Amount &

Reserve Price

Demand Notice Date

(INR)

EMD

Bid Increase Amount

Combined claim of INR INR Rs. 56,59,180/-

1,01,50,505.5/- as on 12th

Dec 2019

10% of the Reserved Price INR

5,65,918/-

Demand Notice Dated 13- Bid Increment Amount INR 50,000/-

12-2019

(Fifty Thousand only)

Date/ Time of e-Auction
7th Jun 2022 11.00 am to 01.00 noon

IDFC First BankLimited Regional Office: Surat Branch Office: Gujarat

No.207,Admesuring 586.00Sq.Fts

I.E 54.460Sq.Mtrs Super Built Up

Area,

Admeasuring

35.224Sq.Mtrs,Built

Up

Area,Along With Proportionate

Undivided Share In Ground Land

“Second

Floor”,

“Sai

Square”Developed

By”Sai

Squre”Commercial

Complex

Co.Op

Housing

Society

Ltd”Developed Upon Land

Situated In State:Gujarat,District

:Surat,Sub-District & Taluk :Surat

City,Moje Village Adajan Bearing

Revenue Survey No.151/1 Paikee

T.P Scheme No.13 (Adajan),Final

Plot No.63 Admeasuring

1823Sq.Mtrs For Commercial

Purpose N A Land Paikee-East :

Adjoining Sai Square Apartment,

West : Adjoining Public Road,

North : Adjoining Sai Square Co.Op

Housing Society & South :

Adjoining Public Road

Property-3

Immovable

Property,Premises Of Shop

No.208 ,Admesuring 319.00Sq.Fts

I.E 29.65Sq.Mtrs Super Built Up

Area, Admeasuring 19.174

Sq.Mtrs,Built Up Area,Along With

Proportionate Undivided Share In

Ground Land “Second Floor”, “Sai

Square”Developed

By”Sai

Squre”Commercial

Complex

Co.Op

Housing

Society

Ltd”Developed Upon Land

Situated In State:Gujarat,District

:Surat,Sub-District & Taluk :Surat

City,Moje Village Adajan Bearing

Revenue Survey No.151/1 Paikee

T.P Scheme No.13 (Adajan),Final

Plot No.63 Admeasuring

1823Sq.Mtrs For Commercial

Purpose N A Land Paikee-The East

: Adjoining Sai Square Apartment,

The West : Adjoining Public Road,

The North : Adjoining Sai Square

E-AUCTION SALENOTICE

IDFC First BankLimited Regional Office: Surat Branch Office: Gujarat

E-AUCTION SALENOTICE

Co.Op Housing Society & The

South : Adjoining Public Road

Property-4

Immovable

Property,Premises Of Shop

No.209 ,Admesuring 231.00 Sq.Fts

I.E 21.468 Sq.Mtrs Super Built Up

Area, Admeasuring 13.885

Sq.Mtrs,Built Up Area,Along With

Proportionate Undivided Share In

Ground Land “Second Floor”, “Sai

Square”Developed

By”Sai

Squre”Commercial

Complex

Co.Op

Housing

Society

Ltd”Developed Upon Land

Situated In State:Gujarat,District

:Surat,Sub-District & Taluk :Surat

City,Moje Village Adajan Bearing

Revenue Survey No.151/1 Paikee

T.P Scheme No.13 (Adajan),Final

Plot No.63 Admeasuring

1823Sq.Mtrs For Commercial

Purpose N A Land Paikee-East :

Adjoining Sai Square Apartment,

West : Adjoining Public Road,

North : Adjoining Sai Square Co.Op

Housing Society & South :

Adjoining Public Road

TERMS & CONDITIONS:

The e-Auction is being held on “AS IS WHERE IS” and “AS IS WHAT IS BASIS” & “WHATEVER THERE IS”

1. To the best of knowledge and information of the Authorised Officer, there is no encumbrance on any property. However, the intending bidders should make their own independent inquiries regarding the encumbrances, title of property(ies) put on auction 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 of the Company. The property is being sold with all the existing and future encumbrances whether known or unknown to the Company. The Authorised Officer/ Secured Creditor shall not be responsible in any way for any third party claims/ rights/ dues.

2. Please note that the said notice is issued for sale of immovable property only and IDFC FIRST Bank Limited has no right to sale the movable assets, if any, present at the immovable property. It shall be the responsibility of the bidders to inspect and satisfy themselves about the asset and specification before submitting their Bid. It shall be the responsibility of the bidders to inspect and satisfy themselves about the asset and specification before submitting their Bid. The inspection of property(ies) put on auction will be permitted to interested bidders at sites on 30.05.2022 11.00 am to 5.00 pm.

3. The interested bidders shall submit their EMD through Demand Draft in favor of “IDFC FIRST BANK LTD” Payable at “Surat”. Please note that the Cheques shall not be accepted as EMD amount.

4. After Registration (One Time) by the bidder in the Web Portal, the intending bidder/ purchaser is required to get the e-copies of the following documents uploaded in the web link to be provided by M/s. E-Procurement Technologies Limited before the Last Date & Time of submission of the Bid Documents viz. i) Copy of the NEFT/RTGS Challan or Demand Draft; ii) Copy of PAN Card; iii) Proof of

IDFC First BankLimited Regional Office: Surat Branch Office: Gujarat

E-AUCTION SALENOTICE

Identification/ Address Proof (KYC) viz. self-attested copy of Voter ID Card/ Driving License/ Passport/ Ration Card etc.; without which the Bid is liable to be rejected. The interested bidder is required to handover the physical copy of the documents including Original Demand Draft of EMD to the Authorized Officer of IDFC First Bank Limited after successfully uploading the same in the Portal.
5. The interested bidders who require assistance in creating Login ID & Password, uploading data, submitting Bid Documents, Training/ Demonstration on Online Inter-se Bidding etc., may contact M/s. E-Procurement Technologies Limited, Regd. B-704-705/-, Wall Street -2, Opp. Orient Club, Nr Gujarat College, Ahmedabad – 380006, Gujarat and Help Line No. +91-63518 96643, +91 079 61200559/531/584/569/598, Help Line E-mail Id: [email protected] , [email protected] and for any property related query may contact Authorised Officer: Mr. Himanshu Singh; Mobile No. +91-9621177755; E-mail Id: [email protected] or Mr. Debjyoti Roy; Mobile No. +91-9874702021; Help Line E-mail ID: [email protected] during the working hours from Monday to Saturday.
6. Only buyers holding valid User ID/ Password and confirmed payment of EMD through Demand Draft in favor of “IDFC FIRST BANK LTD” shall be eligible for participating in the e-Auction process.
7. The interested bidder has to submit their Bid Documents [EMD (not below the Reserve Price) and required documents (mentioned in Point No.4)] on/ before 06.06.2022 UPTO 05.00 PM by way of hardcopy to the Authorized Officer. Interested bidder who is not able to submit their Bid Documents by way of Hardcopy to the Authorised Officer, can submit their Bid Documents through online mode as mentioned above on/ before 06.06.2022 UPTO 05.00 PM, after going through the Registering Process (One time) and generating User ID & Password of their own, shall be eligible for participating the e-Auction Process, subject to due verification (of the documents) and/ or approval of the Authorized Officer.
8. During the Online Inter-se Bidding, Bidder can improve their Bid Amount as per the ‘Bid Increase Amount’ (mentioned above) or its multiple and in case bid is placed during the last 5 minutes of the closing time of the e-Auction, the closing time will automatically get extended for 5 minutes (each time till the closure of e-Auction process), otherwise, it’ll automatically get closed. The bidder who submits the highest bid amount (not below the Reserve Price) on the closure of the e-Auction Process shall be declared as a Successful Bidder by the Authorized Officer/ Secured Creditor, after required verification.
9. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded. The Earnest Money Deposit shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price, adjusting the EMD already paid, immediately after the acceptance of bid price by the Authorized Officer and the balance 75% of the sale price on or before 15thday of sale or within such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. In case of default in payment by the successful bidder, the amount already deposited by the offer shall be liable to be forfeited and property shall be put to re-auction and the defaulting borrower shall have no claim/ right in respect of property/ amount.
10. The prospective qualified bidders may avail online training on e-Auction from M/s. E-Procurement Technologies Limited prior to the date of e-Auction. Neither the Authorised Officer/ Company nor M/s. E-Procurement Technologies Limitedshall be liable for any Internet Network problem and the interested bidders to ensure that they are technically well equipped for participating in the eAuction event.
11. The purchaser shall bear the applicable stamp duties/ additional stamp duty/ transfer charges, fee etc. and also all the statutory/ non-statutory dues, taxes, rates, assessment charges, fees etc. owing to anybody.
12. The Authorized Officer, who is not bound to accept the highest offer, has the absolute right to accept or reject any or all offer(s) or adjourn/ postpone/ cancel the e-Auction without assigning any reason thereof.
13. The bidders are advised to go through the detailed Terms & Conditions of e-Auction Process available on the Web Portal of M/s. E-Procurement Technologies Limited, https://idfcfirstbank.auctiontiger.net/EPROC/ before submitting their bids and taking part in the e-Auction.
14. As per Section 194 of Income Tax Act (as amended time to time), if property is sold above 50 Lakhs then buyer will have to pay appropriate TDS to the Government treasury and the TDS certificate has to be deposited in the Bank.

15. The sale certificate shall be issued after receipt of entire sale consideration and confirmation of sale by secured creditor. The sale certificate shall be issued in the name of the successful bidder. No request for change of name in the sale certificate other than the person who submitted the bid/participated in the eAuction will be entertained.

IDFC First BankLimited Regional Office: Surat Branch Office: Gujarat

E-AUCTION SALENOTICE

16. Special Instructions: Bidding in the last moment should be avoided. Neither the Company nor Service provider will be responsible for any technical lapse/ power or internet failure etc. in order to avoid such contingent situations bidders are requested to ensure that they are technically well equipped and has all alternatives such as power supply back-up etc., so that they are able to circumvent such situation and are able to participate in the Online Inter-se Bidding, successfully.
STATUTORY 15 DAYS SALE NOTICE UNDER THE SARFAESI ACT, 2002 The borrower/ guarantors are hereby notified to pay the sum as mentioned above along with upto dated interest and ancillary expenses before the date of e-Auction, failing which the property will be auctioned/ sold and balance dues, if any, will be recovered with interest and cost.

Date: 19.05.2022 Place: Surat

Authorised Officer IDFC FIRST BANK LTD

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IDFC First BankLimited Branch Office: Gujarat Regional Office