Description Punjab & Sind Bank (A GOVT. OF INDIA UNDERTAKING) ASSET RECOVERY BRANCH: 14/15 OLD COURT HOUSE STREET KOLKATA-700001 Sale Notice (In terms of the Securities and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002.) Whereas the Authorised Officer of Punjab & Sind Bank under the SRFAESI Act 2002 in exercise of powers conferred U/S 13(12) read with the relevant rules of The Security Interest (Enforcement) Rules, 2002 issued demand notice U/S 13(2) on dates stated against the account, calling upon the borrower/s to repay the amount mentioned in the notice within 60 days from the date of notice. As the borrowers/guarantors have failed to repay the amount mentioned in the respective notice. Notice is hereby given to the following borrowers/guarantors and the public in general that The Authorized Officer has taken possession of the property in exercise of powers conferred on Authorized Officer U/S 13(4) of the said Act read with relevant rules on the dates stated against the account. Pursuant to the possession taken by the Authorized Officer under SRFAESI Act 2002 for recovery of the secured debts of Punjab & Sind Bank mentioned against borrowers detailed hereunder and interest thereon from date mentioned therein and with costs and charges. Offers are invited by the Authorized Officer in sealed cover for purchase of under noted property on ‘AS IS WHERE BASIS’ as per brief particulars given hereunder: Name of Account /Borrowers/Guarantors/Owne r Of the Property etc. Date of Notice U/s 13(2) Amount Recoverable As per Notice Description of property Date of Possession Reserv e price Earnest Money Deposit Name of Branch/ Authorized Officer & Contact No. i) M/s Kemicare Products Limited ii) Vijay Kr. Kajaria iii) Sunil Mussaddi iv) Shyam Sunder Mussaddi v) Devi Prasad Kajaria vi) Atmaram Kajaria vii) Hari Prasad Kajaria 30.11.2004 Rs.8892082 Upto 30.09.2004 + Future Intt. & Charges Dag No.1785, 1708,1703 1709,1768 1769,1773 1776,1777 1775,1774 1786,1787 1771,1772 1708/2246 1708/2247 1709/2243 1709/2244 1709/2245 1787/2127 1778 Khatian No.453,1013 1012,389,45 2 461,455,460, 450,515,459 1884 J.L.No.8 Mouza Kotrang 120/K,G.T.R D Dist.Hoogly W.B. 09.05.2008 Rs.140 lac Rs.14 lac S.R.Kataria ARB,Kolkata 14/15,Old Court House Street Kolkata Ph 0332213947 6 For last date of submission of Tenders, Venue and detailed Terms & Conditions, please visit Bank’s web site”www.psbindia.com” Dated: 30.05.2008 A UTHORIZED OFFICER Terms and Conditions of Sale 1. The intending bidders should send their bids in a closed cover along with the EMD by means of DD/Banker’s cheque drawn in favour of Punjab & Sind Bank A/c Kemicare Products Ltd. payable at Kolkata, before 30.06.2008 at 2.00 p.m. On the date of auction, this amount is refundable without interest if the bid is not successful. The offer without EMD will summarily be rejected. The EMD shall be liable for forfeiture without any prior notice, if the successful bidder fails to adhere to the terms of sale, time or commit any default in any manner and the property shall forthwith be sold again. 2. The Authorised Officer in the presence of available/attending tenderers will open the sealed tenders. 3. After Opening the tenders on 01.07.2008 at 10.30 A.M. the intending bidders may be given opportunity at the discretion of the Authorised Officer to have interse bidding to enhance the offer price. 4. The successful bidder should deposit 25% of the bid amount (inclusive of EMD) immediately after auction on the same day of the sale in cash or DD drawn as above and the balance bid amount within 15 days from the date of confirmation of sale or such extended period as may be agreed in writing by the Authorized Officer. In case of default, all amounts deposited till then shall be forfeited and the property shall be resold. 5. The successful bidder should bear statutory dues/taxes/charges/fees payable for conveyance such as stamp duty, registration fees etc. as applicable as per Law and Income Tax Laws. 6. The Authorized Officer has absolute right to accept or reject tender or bid any or all the offers and for adjournment/postponement/cancel the auction without assigning any reason therefore and also to modify any terms and conditions of this sale without any prior notice. 7. The sale is subject to confirmation by the Bank. For further details on the subject, please contact the under signed personally or call at Phone no.033-22139476. Date: 30.05.2008 Authorized Officer Place: Kolkata Punjab & Sind Bank Bid Document : Document Not available Tech. Document : Document Not available Sector : Finance & Revenue State : Delhi For further Information Contact: Name : K.S. SUCHDEVA E-Mail : homis@psb.co.in Phone Office : 25717794 Fax : 25728970 | 
