Description Sh A.K.Nagpal,Chief Manager (Authorised Officer),Punjab & Sind Bank, Zonal Office, 186, Zone-II, MP Nagar, Bhopal (MP) 462011. Telephone : 0755-2559311, Email: zo.Bhopal@psb.org.in and psbzobpl@rediffmail.com Fax: 0755-2557459 PUNJAB & SIND BANK Zonal Office, 186, Zone II, M.P.Nagar, BHOPAL-462011 Phone:0755-2559311 ________________________________________________________________________ POSSESSION CUM SALE NOTICE Whereas the Authorised Officer of the PUNJAB & SIND BANK under the SARFAESI Act,2002 and in exercise of powers conferred under section 13(12) read with rules of the Security Interest (Enforcement) rules,2002 issued a demand notice dated 25.02.2005 under Section 13 (2) calling upon the borrowers/guarantors to repay the amount mentioned in the notices within 60 days from the date of notice. As the borrowers/guarantors have failed to repay the amount mentioned in notice, notice is hereby given to the following borrowers/guarantors and the public in general that respective Authorised Officer has taken possession of the property/ies in exercise of powers conferred on Authorised Officer under Section 13 (4) of the said Act read with relevant Rules on the date stated herebelow. Pursuant to the possession taken by the Authorised Officer under SARFAESI Act,2002 for recovery of the secured debts of Punjab & Sind Bank mentioned against the borrowers detailed hereunder and interest thereon from date mentioned therein and with costs and charges, offers are invited by the Authorised Officer in sealed cover for purchase of under noted property/ies on “AS IS WHERE IS BASIS” as per brief particulars given hereunder. This may also be treated a Notice of Sale of properties to following borrowers and guarantors under Rule 8 (6) of the Security Interest (Enforcement) Rules, 2002. Name of Account Borrower/Directors/ Guarantors/Owners Amount Recoverable As per notice Description of Property & Name of Owner of Property Date of Possession Reserve Price in Rs.in lacs Earnest Money Deposit Rs.in lacs Borrower :- M/s Santosh Jaiswal Partners: Sh Santosh Jaiswal S/o Sh Shiv Prasad, Smt Archana Jaiswal W/o Sh Suraj Jaiswal & Sh Nasir Khan S/o Sh Mohd Khan, Guarantors: Sh Rakesh Jaiswal S/o Sh Shiv Prasad, Smt Anita Jaiswal W/o Sh Santosh Jaiswal, Rs.3,49,95,367 And expenses and interest w.e.f 01.02.2005 (A)Diverted land bearing Khasra No 216, measuring 8.14 hectares (approx),PC No. 48, NB 209 village Pipariya Khurd Block Khamaria Distt Jabalpur in the name of Smt Anita Jaiswal and Smt Smita Jaiswal (B)Diverted land bearing Khasra No.24 measuring 2.57 hectares (approx) PC No.51,NB 485 village Salibada Block Khamaria Distt Jabalpur 29.04.09 29.04.09 30 138 3 13.80 Smt Smita Jaiswal W/o Sh Rakesh Jaiswal and Sh Suraj Jaiswal S/o Sh Shiv Prasad Behind Salibada Petrol Pump in the name of Smt Anita Jaiswal For last date of submission of Tenders, Venue and detailed Terms & Conditions, please visit Bank’s website www.psbindia.com Date: 05.05.2009 ( AUTHORISED OFFICER ) Place: Bhopal (MP) Zonal Office : Bhopal (MP) Public Notice dated 05.05.2009 inviting Bids Terms & Conditions of Sale: 1. Properties could be inspected after fixing a suitable date and time with the Authorized Officer/Branch Manager,Jabalpur. 2. All the intending bidders should send their bids in a sealed cover super scribed as BID/Tender a/c M/s Santosh Jaiswal alongwith an EMD (refundable without any interest to unsuccessful bidders) only by way of Demand Draft/Pay Order issued in favour of Punjab & Sind Bank A/c M/s Santosh Jaiswal payable at Jabalpur so as to reach Punjab & Sind Bank, Jabalpur on or before 13.06.2009 by 2 p.m. 3. The sealed covers will be opened by the Authorised Officer at Jabalpur branch in the presence of available/intending bidders on 15.06.2009 at 11.30 a.m. 4. The amount so deposited as earnest money deposit (EMD) will not carry any interest. 5. No person who had not deposited the EMD as aforesaid will be permitted to participate in the said auction. 6. The successful bidders will immediately be required to deposit 25% of the sale price by way of cash/Pay Order/DD after adjusting the EMD already paid. Upon failure of the highest bidder to immediately deposit 25%, property(ies) will be reauctioned and sold to the next highest bidder or cancelled and EMD of the previous highest bidder shall be forefeited forthwith. 7. The balance amount (75%) of the sale price to be paid within 15 days of the confirmation of the sale or such extended period as permitted upon in writing by the Authorised Officer. In case of failure to deposit the balance amount of sale price within the prescribed period, the amount deposited as per clause 6 herein above shall be forfeited. 8. The Authorised Officer is not bound to accept the highest offer or all the offers may reject the same without assigning any reason thereof. In case of such rejection, the Authorised Officer can negotiate with the highest bidder or other parties for sale of the properties by Private Treaty. 9. All attendant charges including registration, stamp duty/taxes etc shall be exclusively borne by the purchaser. 10. Authorised Officer reserves the right to accept or reject any bid or postpone or cancel the auction or opening of the tenders without assigning any reason and also to modify any terms & conditions of the sale without any prior notice. 11. The secured creditor does not in any way warrant the fitness quality or use ability of the properties being sold. 12. After opening the tenders, the intending bidders may be given an opportunity, at the discretion of the Authorised Officer to have inter-se bidding among themselves to enhance the offer price. Date: 05.05.2009 AUTHORISED OFFICER Place: Bhopal (MP) Bid Document : Document Not available Tech. Document : Document Not available Sector : Finance & Revenue State : Delhi For further Information Contact: Name : As per Contact Address | 
