THE BANGALORE CITY CO.OPERATIVE BANK LIMITED.

Administrative Office,
# 3, PAMPA MAHAKAVI ROAD, CHAMARAJAPET, BANGALORI-1S

: Tele Fax : (080) 26617980

Web: bccblleb/frrr,,'Ema lmi: bccb
BCCB/AO/SARITAESIA/)3 /2o)z.x?

SALE NOTICE VABLE PROPERTY

E-Auction Sale Notice for Sale of Immovable Assets under the Securitization and
Reconstruction of Financial Assets and Enforcement of Securiff Interest Act 2002 read
with provision to rule 8(6) of Security Interest (Enforcement) Rules, 2002.
Notice is hereby given to public in general and in particular to Borrower and that the
below described immovable property mortgaged,/charged to the secured creditor, the
Actual Possession of which has been taken by the Authorised officer of The Bangalore
City co operative Bank Ltd, the Secured creditor on 25.02.2022 will be sold on "As is
Where is", "As is What is" and "Whatever there is" on O5.O1.2O23 for recovery of
Rs:-6,31,75,568/-[Rupees Six Crore Thirty One Lakhs Seventy Five Thousand Five
, Hundred Sixfy Eight onlyl under LTL (EMI) :378 principal & interest as on 15.12.2022, plus
future interest costs due to The Bangalore City Co Operative Bank Ltd, VIJAYANAGAR
Branch Bengaluru, the Secured creditor from Sri/Smt SHILPA. S , Addressed at: No. 332, 15th
Main, 2nd E Cross Roa<|, l't Block Stage, Basaveshwara Nagar, Bengaluru -560 079, being
the bonower / mortgagor.
DESCRIPTION OF TI{E IMMOVABLE PROPERTY

Description of Property Reserve Price Earnest Money Amount of Date & Time
Deposit Secured dcbt of
from Date Auction
A1l that piece and parcel of Property / vacant Rs. 4,66,80,000/- Rs.46,68,000/- Rs:- 0s.01.2023
Site bearing : New No. 13, Old No. 1 14, (in words (in words 6,31,75,568t-
MIG, 80 feet Road, KHB 2nd Stage, BBMP Four Crore Forty six Lakh From
Ward No. 21 of Industrial Town, PID No. Sixty Six Lakhs Sixty Eighf As on
10.00 A.M
21, - 97 -13, Bengalur-u. Eighty Thousancl 15.12.2022 to
Basement Area: 86.96 Sq. Mtrs, Thousand Only) OnlY) I1.00 A.1\{
Ground Floor : 1 19.71 Sc1. Mtrs,
First Floor : ll9 .7 | Sq. Mtrs,
Second Floor : 12.75 Sq. Mtrs,
Third Floor : Commercial Complex
Measuring: East to West : 64 feet &
North to South : 44.9 feet

Boundaries ofPronertv (As ner Deed/Actual)

Eastby: Property No. 109,
Wcst by: Road
North by: Property No. 113
South by: Property No. 115

(The borrower /rnortgagor attention is invited to the provisions ofSub-section (8) ofSection l3 ofthe Act, in respect of
time available to redeem the secured asset).
 ...2...

This Notice shall also serve as Notice under Sub Rule (6) of Rule (8) of security Interest
Enforcement Rules-2O02 to the Borrower/Guarantors.

For detailed terms and conditions ofsale, please refer to link in The Bangalore City Co operative
Bank Ltd Website i.e. wurv.bccbl.co.in under the head ..Mortgaged Assets for Sale".

The E-auction will be conducted through portal https://bankauctions.in, on 05.01.2023 from

10.00 A.M to 11.00 A.M' with unlimited extension of 05 minutes. The intending bidder is required to
register their name at https://bankauctions.in/ and get the user ID and password free of cost and get
training i.e. online training on E-auction (tentatively on 04,01.2023) from M/s 4 closure, Mr. prakash
Reddy/ Bhaskar (Asst. Manager), No.22, 5th Cross, Gurumahal Extension, Opp. Indian Hotel,
K.G. Halti, Jalahalli (West), Bengaluru-560015 Mobile No: 9515160061/95f5160062, E-mail:
[email protected] & [email protected]

TERMS AND CONDITIONS OF SALE

1) For participating in E-auction, intending bidders have to deposit a refundable Earnest Money
Deposit (EMD) of l0% (EMD mentioned in Description) of Reserve Price by way of
RTGS,4,,lEFT/Fund Transfer to the credit of account number - E- Auction EMD A,/c No.
000220105013061, Bank Name : INDUS IND BANK, Branch Name : The Bangalore City Co-
Operative Bank Ltd, HEAD OFFICE BRANCH, IFSC Code - INDB0BCCB0Z or by
DD/pay order favouring "The Bangalore City Co-Operative Bank Ltd., borrower A/c-
SRVSMT. SHILPA. S ", payable at Bengaluru.

) Af\er Online Registration, the intending bidder should submit the duly filled in bid form (format
available in the above website lrtpsf&4ttk4ueliotts-in/ along with DD/ quoting the UTR number
or NEFT i RZGS remittance tov'ards EMD in a sealed cover as TenderlBid for property purchase
pertaining to borrower A/c - SRVSMT . SHILPA. S & duly mentioning the amount offered for
purchase shall be submitted to the Authorised Officer, The Bangalore City Co-Operative Bank
Ltd, Administrative office No. 03, Pampamahakavi Road, Chamarajpet, Bengaluru - 560018, on
or before 04.01.2023 on 5.00 P.M, The bid form shall be accompanied with attest€d copy of
the photo identity proof of the bidder, rs may be acceptable to the Bank, along with attested
copy of the PAN Card.
0 In case the bidder is a company, a copy of the resolution passed by the Board of Directors
authorising the actual bidder to participate in the auction on belialf of the Company should be
submitted.

The bid will be open to them and an opportunity will be given to enhance the bid amount in the
multiples of Rs: 50,000/-. Interest bidding among the qualified bidders shall start from the
highest bid quoted by the qualified bidders. During the process of interest bidding, there will be
unlimited extension of "05 minutes" i.e. the end time of E- auction shall be automatically
extended by 05 minutes each time if bid is made within 05 minutes from the last extension.

The Authorised Officer is at liberty to accept the highest bid amount and confirm the sale in
favour ofthe highest bidder or reject tlie same without assigning anyreason.

0 The successful bidder/tenderer sirall bear all the legal/incidental expenses like stamp duty,
registration fees, local taxes, and any other outstanding/overdue statutory dues, water and
electricity dues, etc.
 ...3...

Bids once made shall not be cancelled or withdrawn. All bids made from the user ID given to the
bidder will be deemed to be have been made by hirnalone.

8) Immediately upon closure of E-auction proceedings, the highest bidder shall confirm the final
amount of the bid quoted by hini/hel by scan & mail it to both the Authorised Officer of the
The Bangalore City Co-Operative Bank Ltd i.e. bccbrec202l @gmail.com and the service
provider inforg)bankauctious.in for getting declared as successful bidder in the auction sale
proceeding.

I The successful bidder shall deposit 25Y, of the bid amount (including the EMD amount)
immediately (same day) on the sale being knocked down in his/her favour, failing which the
Bank shall forfeit the EMD amount. The balance 757" of the bid amount shall be paid
within 15 days fronr the date of sale by DD/RTGS/NEFT to the credit of account number
E- Auction EMD A/c No. 000220105013061, Bank Name : INDIISIND BANK, Branch Name :
The Bangalore City Co-Operative Bank Ltd, HEAD OFFICE BR.ANCII, IFSC Code -
INDB0BCCB02 or by DD/Pay order favoring "The Bangalore Cify Co-Operative Bank Ltd.,
borrower A/c- SRI/SMT SHILPA. S , payable at Bengaluru. EMD of unsuccessful bidders
will be returned.
10) will be issued by the Authorized officer in favour of the successful bidder only
Sale certificate
upon deposit of entire purchase price/bid amount and furnishing the necessary proof in the
respect of payment of all taxes/cliarges.

il) If tlre successful of the bid amount within 15

bidder/tenderer fails to remit the balance of 75o/o
days from the date of confirmation of sale or any other date as specified by the Authorised
Officer, the amount deposited by hini/her shall be forfeited and the Bank will be at liberty to sell
the property once again and the defaulting purchaser shall forfeit all claims to the property.

12) The Authorised Officer is holding actual possessior.r ofthe property and the successful bidder witl
be handed over the propefty on "As is where is",
basis.

13) The Authorised Officer reserves his right to vary any of the terms and conditions ofthis notice of
sale without prior notice at his discretion.

14) If the sale price is more than Rs.50,00,000=00 (Rupees Fifty Lakhs Only), then the auction
purchaser/successful bidder has to deduct 1% of the Sale Price as TDS in the name of owner of
the property & remit to Income Tax Department as per Section 194 IA oflncome Tax Act and
only 99Yo ofthe Sale Price has to be remitted to the Bank. The Sale Cetificate will be issued
only on receipt ofFonn 26QB & Challan for having remitted the TDS.

ls) For inspection of the propefiy and verifcation of the copies of the documents/title deeds
available with the secured creditor or any furlher details, the intending bidders or
tenderer may contact the Administrative Office, The Bangalore City Co-Operative Bank
Ltd,No,03, Pampa Mahakavi Road, Chamarajapet, Bengaluru 560018. Contact No.
080-26600512 I 26609066/ 9342781425 during Office hours on working day.

16) The bidders may participate in E-auction for bidding frorn their place of choice. Intemet
connectivity shall have to be ensured by the bidder hirnself. Bank/service provider shall not be
held responsible for internet connectivity, netrvork problems, system craslt dowtt, power failure
etc.
 ...4....

n Allbidders who submified the bids, shall be deerned to have read and understood the terms and
condition of E-auction sale and be bound by thern.

lS) In case Holiday is declared as on date of auction by statutory authorities, tlie auctiol will be
postponed to the next working day respectively, at the specified time.

1) lnspection of property 02.01.2023 Between 10.00 AM to 5.00 pM

D*e: 15.12,2022
Place: Bengaluru ,&fu4*-r(r[\1^-/
Bint lta.
The Bangalore CitytCo Operative City