THE COSMOS CO-OP. BANK LTD.
(Multistate Scheduled Bank)
Mumbai Regional Office: Horizon Building, 1st Floor, Ranade Road & Gokhale Road Junction, Gokhale Road (North), Dadar (West), Mumbai – 400 028.
Phone No. 022- 24476008/54/55
E-AUCTION SALE NOTICE UNDER SARFAESI ACT,2002
The Authorised Officer of The Cosmos Co-Operative Bank Ltd., has decided to sale the possessed Movable property of the defaulter borrower company as mentioned herein below under the Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 on “As is where is basis & as is what is basis” by Inviting Tenders through E-Auction.
|Name of The Borrower/Directors Guarantors Mulund West Branch||Description of Movable Property|
|M/S. SURFACE GRAPHICS PVT LTD…….. Borrower Company
Registered Office at:–Office at 180, RajaIndustrial Estate, Nahur, Office City Mulund (W)Mumbai – 400 080
Directors & Guarantors:-
1) MR. HERANJE GUNDU SHETTY
2) MR. SANTOSH GUNDU SHETTY
3) MRS. JYOTI SHEKHAR SHETTY (DECEASED)
Through Legal Heirs
A)Mrs. Kavita Deepak Alva
B)Mr. Vikram Shekhar Shetty
4)MRS. SANDHYA GUNDU SHETTY
5)MRS. SRINIDHI S. HEGDE
Demand Notice Date:- 02.12.2015
Amount Rs. 9,63,60,141.32 +Further Interest Thereon Present Outstanding as on 31.10.2018 Rs. 8,39,91,791.51 +Further Interest Thereon
Possession Date :-
Authorised Officer took possession of the Movable secured assets on 23.03.2018
The Plant & Machineries alongwith raw materials to Borrower Company & hypothecated to the Bank and lying situate at S. No. 12/2, Village Kharadpada in the Union Territory of Dadara and Nagar Haveli, Silvassa. The list of hypothecated machineries is enclosed herewith
(Rs. In Lakh)
|Auction Sale/bidding would be conducted only Through website https://cosmosbank.auctiontiger.net on 30.11.2018 between 1.00 P.M to 2.00 P.M with unlimited extensions of 5 min each|
Terms & Conditions
1) The above Movable property be sold on “As is where is basis & as is what is basis” and will not be sold below the Reserve Price mentioned as above
2) Before submitting quotation, for the information of said Sale/Auction, its Terms & Conditions, Bid form and procedure of submission of Bid/Offer, please contact on above address or number
3)Before Submitting the Bids Bidders should satisfy themselves about dues payable by them in respect of the property (Movables) in question and later on no objection of any kind shall be entertained in this regard.
4) Applicable GST & other Fees etc. have to be borne by the purchaser only. Transportation Charges, quarrying charges, dismantling of machineries Loading & Unloading and any other incidental charges shall be borne by the purchaser in respect of said Property.(Movable)
5)Kindly Note that among listed machineries, one is KBA Rapidia six colour offset printing machine, Model No. RA-105-6+ L AKV -2CX machinery has Export obligation which not yet crystalized & in future if any liability arises, then it has to be borne by the purchaser.
6) All statutory/non statutory dues, taxes, rates, assessments, charges, fees, claims etc. pertaining to above movable property will be the responsibility of the purchaser only.
7) Intending bidders may avail training for online bidding from M/s. e-Procurement Technologies. Ltd., A-801, Wall Street – 2, Opp. Orient Club, Near Gujarat College, Ellis Bridge, Ahmedabad-380006, Gujarat.: 079-40230 810/811/804/; Contact Persons: Mr. Vijay Shetty Mobile- +919619002431 email: email@example.com, Mr. Tilak Maratha Mobile- 6351896832, email: firstname.lastname@example.org; email@example.com, Landline No. 079-40005440.
8) EMD and KYC should reach the undersigned on or before 29.11.2018 before 6:00 P.M. The Bidder has right to increase his “Bid incremental value of said property will be Rs.5,00,000/-” during the time of auction.
9) The successful Bidder shall deposit 25% (Less E.M.D.) immediately and balance amount within 15 days after confirmation of the sale of above property (Movable).
10) Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT fund transfer to credit of The Cosmos Co.Op. Bank Ltd ”Auction EMD Account” No. COS370219, IFSC Code:COSB0000012,
11)For inspection of the property OR any information please contact Chief Manager Mr. B.G.Dave Mobile No.8975758517, Regional Office, Dadar, Mumbai For Inspection of the subject property (Movable) will be opened on 20.11.2018 between 12.00 Noon To 3.00 P.M
12)The Authorized Officer has absolute right to accept or reject any or all offer(s) or adjourn/postpone/cancel the auction without assigning any reason thereof.
13) The sale certificate will be issued in the name of the purchaser(s)/applicant (s) only and will not be issued in any other name (s).
14) The sale shall be subject to rules/conditions prescribed under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act,2002.
15) The sale is subject to confirmation of the Authorized Officer. This notice also be considered as a 15 days’ notice to the Borrower & Directors/Guarantors of the said loan about holding of public auction sale on the above mentioned date if the dues are not repaid in full before the date of public auction.
Special instruction & caution:
Bidding in the last minutes/seconds should be avoided by the bidders in their own interest. Neither Cosmos bank nor the Service provider will be responsible for any lapses/failure (internet failure, power failure etc.) on the part of the vendor in such cases. In order to ward off such contingent situation, the bidders are requested to make all the necessary arrangements/alternatives such as back –up power supply and whatever else required so that they are able to circumvent such situation and are able to participate in the auction successfully.