Loan Collection & Recovery
Department / Mumbai Division
Ref No – BBYO/SRTREG/
/2023-24
Date: 17-08-2023
SALE NOTICE
NOTICE FOR SALE OF IMMOVABLE PROPERTY ISSUED UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT 2002, (hereinafter referred to as Act) r/w SECURITY INTEREST (ENFORCEMENT) RULES, 2002(hereinafter referred to as Rules).
Whereas The Federal Bank Ltd (hereinafter referred to as ‘the Bank’) through its Authorized Officer under the Act issued a demand notice dated 15/11/2021 calling upon the borrowers namely (1) Mr. Narendra V Khandhediya and co-obligants (2) Mrs. Khanghedia Minaben and (3) Mr. Khandheriya N Manojbhai, all residing at Flat no. 202, Trimurti Chamber, Sai Baba Park Society, Kadodara, Surat, Gujarat – 394327, to repay the amount mentioned in the said notice being Rs. 7,55,822.50 (Rupees Seven Lakh Fifty Five Thousand Eight Hundred Twenty Two and Paisa Fifty Only) together with interest, costs and other charges within 60 days from the date of the said notice.
Whereas the Borrower(s)/guarantor(s) having failed to repay the amount within the stipulated time, the undersigned on behalf of The Federal Bank Ltd. has taken possession of the properties described herein below in exercise of powers conferred under section 13(4) of the said Act read with rule 8 of the said Rules on 11/09/2022 by issuing a notice to the borrowers / guarantors / defaulters and general public and publication thereof in news papers as contemplated under the said Act and Rules.
The undersigned hereby gives notice to the borrower(s) and/or guarantor(s) and/or defaulters and general public that the Bank has decided to sell on 26/09/2023 the properties described herein below on “AS IS WHERE IS, AS IS WHAT IS & WHATEVER THERE IS BASIS” under Rules 8 & 9 of the said Rules for realising an amount of Rs.10,23,073.50 (Rupees Ten Lakhs Twenty Three Thousand Seventy Three and Paisa Fifty Only) as on 26/09/2023 together with further interest and costs/other charges and thus the undersigned hereby invites from interested parties sealed tenders for purchasing the properties subject to the terms and conditions mentioned hereunder.
“While we call upon you to discharge your liability as above by payment of the entire dues to the Bank together with applicable interest, all costs, charges and expenses incurred by the bank till repayment and redeem the secured asset, within the period mentioned above, Please take important note that as per section 13(8) of the SARFAESI Act 2002, (as amended), the right of redemption of secured asset will be available to you only till the date of publication of notice for publication or inviting tenders from public or private treaty for transfer by way of lease, assignment or sale of the secured asset.”
Description of the Property
All that piece and parcel of Flat no. B-102, admeasuring 66.07 sq. meter along with proportionate share in undivided land admeasuring 8.00 sq. meter underneath the said building, in scheme known as Green Valley Residency, situated on land bearing Revenue Block no. 188 of Mouje Chalthan, Taluka Palsana and District Surat, Gujarat bounded in East by Open Land, West by Flat no. 101, North by Main road and South by Flat no. 103.
Terms and Conditions
The Federal Bank Ltd., Loan Collection & Recovery Department / /Mumbai Division, 134, 13th Floor, Jolly Maker Chambers II,
Nariman Point, Mumbai 400 021. E-mail:mumlcrd@federalbank.co.in| Phone : 022 – 22022548, 22028427
10.No encumbrance in respect of the property has come to the knowledge and information of the Bank. The Bank will not be held responsible for any charge, lien and encumbrance, property tax or any other dues etc. to the Govt. or anybody in respect of the property under sale. The society charges and the other encumbrances, if any should be cleared by the purchaser of the property.
11.The Authorized Officer has the absolute right to accept or reject the bid/ all or any tender including the highest tender or adjourn / postpone the sale without assigning any reason. The decision of the Authorized Officer/Bank shall be final.
12.The buyers should satisfy themselves on the title, ownership and statutory approvals etc., before participation in the auction. The tender shall not be accepted if the bid is below the reserve price.
13.The intending purchasers can inspect the property on 11/09/2023 between 3 pm and 5 pm with prior appointment.
14.For the further details regarding other conditions of sale, the intending bidder may contact the undersigned.
15.The Borrowers/Guarantors named above may treat this as notice of thirty days as stipulated in Rule 8(6) of the said rules and pay the secured debt in full to avoid sale of the properties.
Dated this the 17th day of August 2023 at Mumbai.
For, The Federal Bank ltd,
Sandeep Jaysing Keluskar
Associate Vice President & Division Head Loan Collection & Recovery Department/ Mumbai Division
(Authorized Officer under SARFAESI Act)
The Federal Bank Ltd., Loan Collection & Recovery Department / /Mumbai Division, 134, 13th Floor, Jolly Maker Chambers II,
Nariman Point, Mumbai 400 021. E-mail:mumlcrd@federalbank.co.in| Phone : 022 – 22022548, 22028427
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Disclaimer
The Federal Bank Limited published this content on 17 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2023 14:49:04 UTC.
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