HO BANGALORE - _HO BANGALORE_ by fionan

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									                                  (HO BANGALORE)

AUCTION SALE NOTICE OF IMMOVABLE PROPERTIES UNDER RULES
8(6) & 9 OF THE SECURITY INTEREST (ENFORCEMENT) RULES 2002.


Notice is hereby given to the effect that the immovable properties described herein, taken
possession under the provisions of Securitisation and Reconstruction of Financial Assets
and Enforcement of Security Interest Act 2002 and Security Interest (Enforcement) Rules
2002, will be sold by holding PUBLIC AUCTION.

1. Name and address of the Secured Creditor :

  CANARA BANK, SHESHADRIPURAM BRANCH
  HONNALI ROAD, SHIMOGA
2. Name and address of the Borrower :

  SRI N MANJUNATH, S/O SRI NAGAPPA
  PROP: M/S GURU RENUKACHARYA ENTERPRISES
  GANDHI BAZAR, 5th CROSS, SHIMOGA

 3. Total liability as on 31.12.2008 : Rs.18,45,400.00

4. a)Date & Time of Auction         :3.00   pm 26.02.2009
  b)Place of Auction                :

  CANARA BANK, REGIONAL OFFICE, 2ND FLOOR
  NELLISOUDHA, KUVEMPU ROAD,SHIMOGA

5. Details of Properties :

All part and parcel of the land and portions of houses in all 18
small houses situated in Ward No.21, M K No.852/651/695, old
khatha No.718/718 at B B Street, Shimoga

Bounded by :
East : Muncipal road
West : Private Property
North: SLN Temple
South: Tunga river

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6. Reserve Price :

  Rs.19.00 LAKHS (NINTEEN LACS)

7. Other Terms and conditions :

   a. The property will be sold in “AS IS WHERE IS “ condition including
      encumbrances, if any. For details of encumbrances, contact the undersigned
      before deposit of the Earnest Money Deposit referred to in Clause 7(d) below)
   b. The property will not be sold below the Reserve price.
   c. The property can be inspected on working days between 10.00 AM to 5.00 PM.
   d. The intending biiders shall deposit Earnest money Deposit (EMD) of Rs.1.90 lacs
      being Rs.10% of the Reserve Price by way of DD favouring, Authorised Officer,
      Canara Bank, Regional Office, Shimoga on or before 25.02.2009. at 5.30 pm.
   e. Sale shall be confirmed in favour of the successful bidder, subject to confirmation
      of the same by the secured Creditor.
   f. The successful bidder shall deposit 25% of the sale price ( inclusive of EMD
      already paid) immediately on the sale being knocked down in his/her favour and
      the balance within 30 days from the date of confirmation of sale. If the successful
      bidder fails to pay the price as stated above, the deposit made by him shall be
      forfeited.
   g. All charges of conveyance, stamp duty and Registration charges, Muncipal taxes
      etc. as applicable shall be born by the successful bidder only.
   h. Authorised Officer reserves the right to postpone/cancel or vary the terms and
      conditions of the auction without assigning any reason thereof.
   i. For further details branch phone number 08182 224282 may be contacted
      during Office hours on any working days.


Place : Shimoga
Date : 21.02.2009



AUTHORISED OFFICER
CANARA BANK
REGIONAL OFFICE
SHIMOGA




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