#65, Bank of Baroda E-AUCTION SALE NOTICE - Mr. Vikas Kumar Jha 2018

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Flat No. 404, 4th floor, Kalinga Fort, bearing No. 42-881/2/5 on
Plot No. 1 in S.Nos. 357/1 & 357/3 situated at Mehdijung Colony
under GHMC, Malkajgiri Circle & Mandal, Rangareddy Dist.

TERMS AND CONDITIONS OF E-AUCTION SALE:
The sale shall be subject to the terms & conditions as described below:
1. The Auction-cum-Sale shall be conducted through e-Auction mode, through the official portal of https://www.bankeauctions.com
2. Care has been taken to include adequate particulars of Secured Assets in the Schedule hereinabove. The Authorized Officer shall not be answerable for any error, misstatement or omission in this proclamation.
3. The intending bidders are advised to go through the portal https://www.bankeauctions.com for detailed terms and conditions for e-Auction sale before submitting their bids and taking part in the
e-Auction sale proceedings and contact the respective Authorized Officer for the concerned property as mentioned hereinabove against each property.
4. The Secured Asset shall not be sold below the Reserve Price. Auction shall commence at one increment above the Reserve Price and bidders shall be free to bid among themselves by improving
their offer with minimum incremental amount stated hereinabove.
5. The interested bidders shall submit the bid on or before 5.00 PM on 27-02-2018. The interested bidders may submit EMD through NEFT or RTGS, in which case it should reach the respective
EMD Collection Account latest by 27-02-2018. The intended bidders who have deposited the EMD should upload the following on or before 27-02-2018 on official portal
https://www.bankeauctions.com, as per the columns/fields available on the portal. a) Proof of deposit of EMD. b) Self attested true copy of Identity Card containing Photograph and Residential
Address and PAN card of the intending bidder, issued by Govt. of India. Original of the document should be made available for verification by the concerned Authorized Officer. c) Intending Bidder's
Mobile Number and E-Mail address. d) Intending Bidder's Bank Account details for the purpose of refund of EMD.
6. Interested bidders can create their login ID and password on the portal https://www.bankeauctions.com. If the intended bidder requires any assistance in creating login ID & Password, uploading
data, submitting bid, training on e-bid process etc., may contact Mr. B.M.Gandhi (Mobile: 9700333933, E-mail: bikkina.gandhi@c1india.com) of M/s. C1India Pvt. Ltd., C-104, Sector-II, Noida
201, 301 (U.P., India), Helpline e-mail ID: support@bankeauctions.com
7. Only those bidders holding valid user ID and Password and confirmed payment of EMD through NEFT /RTGS shall be permitted to participate in the online e-auction. The Authorized Officer reserves
the right to accept or reject any or all bids. Further, the Authorized Officer reserves the right to postpone or cancel or adjourn or discontinue the Auction or vary the terms of the Auction at any time
before conclusion of the Auction process, without assigning any reason whatsoever and his decision in this regard shall be final.
8. In case any bid is placed in the last 5 minutes of the closing time of the Auction, the closing time shall automatically get extended for another 5 minutes.
9. If no other bid is received upon closure of the bidding process, the Bidder who has quoted highest amount shall be declared as successful bidder, if he deposits with the Collection Account of the Bank
forthwith, a minimum of 25 % (Twenty Five percentage) of the Sale Price. The EMD (Earnest Money Deposit) shall be adjusted towards 25% of the sale amount. If he fails to deposit the amount so, the
amount already deposited by him shall be forfeited and the Authorized Officer shall be free to exercise any one or more rights available to him in terms of Section 13 (4) of the Act, in respect of the property.
10. Mere deposit of 25 % of the Sale Price shall not entitle the successful bidder to get the sale confirmed in his favour. Sale shall be subject to confirmation by the secured creditor.
11. After deposit of amount in terms of Sl.10 hereinabove the successful bidder should deposit, with the Authorized Officer, the balance Sale Price within 15 (Fifteen) days of sale confirmation by the
Authorized Officer. If the successful bidders fails to deposit the balance amount of sale price, the amount already deposited shall be forfeited.
12. If the dues of the Bank together with all costs, charges and expenses incurred by them or part thereof as may be acceptable to the bank are tendered by/on behalf of the borrowers or guarantors, at
any time on or before the date fixed for sale, the sale of asset may be cancelled.
13. All statutory dues/attendant charges/other dues including registration charges, stamp duty, taxes etc. shall have to be borne by the purchaser.
14. The Sale Certificate shall be issued in the same name in which the Bid is submitted.
15. The Bank has disclosed encumbrances known to it. The Authorized Officer or the Bank shall not be responsible for any charge, lien, encumbrances, or any other dues to the government or anyone else in respect of
properties E-Auctioned) the intending Bidder is advised to make their own independent inquiries regarding the encumbrances on the property including statutory liabilities arrears of property tax, electricity dues etc.
16. The bidders should ensure proper internet connectivity, power back-up etc. The Bank shall not be liable for any disruption due to internet failure, power failure or technical reasons or reasons/ contingencies affecting the e-auctions.
17. Properties as mentioned above can be inspected by the prospective bidders at the site with the prior appointment of concerned Branch Manager or Authorized Officer or any other officer identified
for the purpose, from 12.02.2018 to 23.02.2018 between 11.00 am to 4.00 pm.
18. Bank reserves its right to accept/ reject any or all of the offer(s) or bid(s) so received or cancel the sale without assigning any reason thereof.Bidding in the final minutes and seconds should be avoided in the bidders
own interest. Neither the Bank nor Service Provider will be responsible for any failure/lapse (Power failure, Internet failure etc.) on the part of the vendor. In order to prevent such situation bidders are requested
to make all the necessary arrangements/alternatives such as backup power supply etc required so that they are able to prevent such situation and continue to participate in the auction successfully. As per the
new interoperability guidelines released by the Controller of Certifying Authorities (CCA), the Secured Socket Layer (SSL) certificate for a e-procurement application is generated on a new algorithm, SHA2. Also,
the Digital Certificate that will be applicable for these platforms have to be SHA2 algorithm compliant. For the same, the users have to ensure that they have Windows XP (SP3)/Windows Vista/Windows 7 installed
in their respective PC/Laptop. In case of Windows XP service pack-3, if you get any issue you can install the SSL patch, which is available at our download section of the e-Auction Portal.