E- AUCTION SALE NOTICE UNDER SARFAESI ACT, 2002 CUM NOTICE TO

BORROWERS/GUARANTORS.
SALE NOTICE UNDER SARFAESI ACT, 2002 (HEREAFTER REFERRED TO AS Act) r/w SECURITY INTEREST
(ENFORCEMENT) RULES, 2002 (Hereafter referred to as Rules)
Offers are invited by electronic mode through https://denabank.auctiontiger.net. to be submitted by 2.30 pm on
or before 19.09.2015 for sale under SARFAESI Act, 2002 of the following properties in the Symbolic Possession
of the Authorized Officer of the Bank strictly on AS IS WHERE IS BASIS AND WHATEVER THERE IS BASIS
towards recovery of our secured debts + interest & other expenses thereon from below mentioned Borrowers &
Mortgagors.

Date and Time of Auction: 22.09.2015 between 12.30 am to 02.30 pm. (I.S.T.)
(With unlimited extension of 5 minutes each).
Sr.
No

Name
of Borrowers & O/s as per Description of the Mortgaged
Guarantors
notice under Properties.
Branch:
Sec. 13 (2) of
SARFAESI
Act
&
Possession
date
Mr.ShantilalPurshottamPatil Rs.
Borrowers Property:1)
G.P.P.No.67/1, (Godown)
22408925+
Mr.AnandPurshottamPatil
At/Post Kheddigar,Tal
Uncharged/
Unrealised
Shahada, Dist - Nandurbar
Mrs.MirabaiPurshottamPatil Interests

Reserve
Earnest
Price Fixed Money
(In Lacs)
Deposit
(EMD)

Rs. 40.77/(Valuation
dated
12.03.2015)

Rs.
04.07/lacs

The interested bidders who have submitted their bids not below the reserve price through online mode before
02.30 pm on 19.09.2015 (Saturday) shall be eligible for participating in the e-auction to be held from 12.30 pm to
2.30 pm on 22.09.2015 (Tuesday).

TERMS & CONDITIONS:

1. E-auction to be held on dated 22.09.2015 time 12.30 PM to 2.30.00PM. Auction will be held on portal
https://denabank.auctiontiger.net. Interesting bidder can also view and submit bid through our mobile
App AuctionTiger (Android)
2. The interested bidders shall submit their bid along with EMD by accessing the aforesaid website through the log in ID
and Password acquired through the portal. Interested bidders who require assistance in creating log in ID & Password,
uploading data may contact M/s E-Procurement Technologies Ltd. (AuctionTiger) Ahmadabad [Contact
No. : 079-40230804/805/806/813/ 816/818/814. Contact person Tilak Maratha, Mobile
No.09067799646 e-mail: Maharashtra@auctiontiger.net and Mr. Ram kale (Nagpur) Mo.
07030464421Fax No. 079-40016876/816, only bidders holding valid User ID password and confirmed payment of
EMD through RTGS/NEFT shall be eligible for participating in the online auction.

3. Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT/Fund Transfer to credit of Account name
SARFAESI EMD- 0517, A/c No. 051711999999, Dena Bank Shahada Branch, IFSC code: BKDN0520517, for
Property pertaining to Shahada Branch, before submitting the bids online.
The bidders may inspect the secured asset between 1.00 PM to 3.00 PM on 14.09.2015 for which they should contact
Shahada Branch, Tel. No. 02565-223746.
4. After opening the bids, the intending bidders may be given an opportunity at the discretion of the Authorized Officer to
have inter-se bidding amongst them to enhance the offer price.
5. The bid price to be submitted shall be above the Reserve price. The highest bid will be subject to approval of the
Secured Creditor/Authorized Officer.
6. On completion of the auction, the successful purchaser shall deposit 25% (less the EMD amount paid) of the sale price
immediately and balance 75% within 15 days failing which the Bank shall forfeit the entire amount already
paid/deposited by the purchaser. In default of payment, the property shall at the discretion of Authorized
Officer/Secured creditor be sold to second highest bidder or re-sold and the defaulting purchaser shall not have any
claim.
7. The purchaser shall bear the expenses on stamp duty and Registration Charges, if any.
8.

Any statutory and other dues payable and due on the secured assets shall be borne by the buyer.

9. The Bank reserves its right to reject any or all offers for one or more properties, without assigning any reason
whatsoever.
10. Borrowers will have to produce their Photo Id & Address Proof at the time of Sale.
11. Further inquiries if any and/or terms and conditions for sale can be obtained from the Branch Manager of Shahada
Branch. The Offers not confirming to the terms of sale shall be rejected. The successful purchaser, on payment of
entire sale price and on completion of sale formalities, shall be issued a Sale Certificate as per format given in
SECURITY INTEREST (ENFORCEMENT) RULES, 2002.
STATUTORY 30 DAYS SALE NOTICE TO BORROWERS / GUARANTORS:
This is also a mandatory notice of 30 days as per the provisions of the Act to the Borrowers/Guarantors/Mortgagors of the
above accounts informing about holding of auction on aforesaid date and redeem the property/properties if so desires, by
paying the secured debts mentioned here in above before the scheduled auction.

Place: Shahada
Date: 11.08.2015

AuthorizedOfficer/Chief Manager
Dena Bank, Nandurbar Branch, Nandurbar