PUBLIC NOTICE - AUCTION CUM SALE OF PROPERTIES
Sale of Immovable Assets under the Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act, 2002
Notice is hereby given to the public that Asset Reconstruction Company (India) Ltd. (Arcil) is a Securitization
and Reconstruction Company registered with the Reserve Bank of India under the provisions of Securitization
and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), and
they have acquired from different Banks various Loan Accounts under S.5 of the SARFAESI Act. Offers are
invited by the undersigned in sealed cover for purchase of the immovable property on AS IS WHERE IS
BASIS and AS IS WHAT IS BASIS as per the brief particulars given hereunder. All these properties had been
offered as security with respect to the Loan Accounts of the respective Borrower(s) maintained with ICICI
Bank. The said Loan Accounts now stand assigned to Arcil, in its capacity of the Trustee of the Trust(s) as
indicated in Column No. E, under the provisions of SARFAESI Act. The properties are to be sold for recovery
of the outstanding dues against the Loan Account as mentioned in Column No. B.
Sr.No LOAN Borrow Secured Property TRUST EARNE RESERVE DATE OF DATE &
ACCOUNT ers Address ST D PRICE INSPECTI TIME OF
NO. Name MONE (IN RS.) ON AUCTIO
A B C D E F G H I
1 LBPUN00000 Mr. Flat No.411 on 4th ARCIL 64000 640000 13 Feb 15 March
364248 Balasahe Floor B Wing in the RETAIL 2010 & 2010,
b More project "Anjana Co-Op- LOAN 28th Feb 10.30
Housing Society”, S.NO PORTFO 2010 a.m.
175, Hiss No LIO 001-
2A(New),Fursungi A TRUST
Hadpsar,Pune- 411028 ,
Area- 570 Sq. Ft.
2 LBPTN00000 Mr. Flat No.7 on 2nd Floor ARCIL 56000 560000 14 Feb 15 March
594506 Shriram in the project "Gulmohar RETAIL 2010 & 2010,
Ganpat Complex” Wadgoan LOAN 27th Feb 11.15
Yadav Sheri ,Pune- 411041 , PORTFO 2010 a.m.
Area- 400 Sq. Ft. LIO 001-
3 LBINP00001 Mr. Flat No. 214 Aon 2nd ARCIL 44100 441000 20 Feb 15 March
024449 Bhaskar floor, Sharada Nagar RETAIL 2010 & 28 2010,
Bhosale ,Plot No 5, Gat No 502/3 LOAN Feb 2010 12.00
,At Chincholi Taluka PORTFO Noon.
Daund 413801 , Area- LIO 001-
525 Sq. Ft. A TRUST
4 LBSHR00001 Mr. Row House No. 5- Aon ARCIL 54000 540000 21 Feb 15 March
448230 Mallinath G+ 1 floor, in Wing A in RETAIL 2010 & 27 2010,
Laxman the Project “Vaishnavi LOAN Feb 2010 12.45
Vanekeri Park” S.NO 164/1A/1/3/1 PORTFO p.m.
East Side No 7, Akkalkot LIO 001-
Road Solapur -413004 , H TRUST
Area- 581 Sq. Ft.
5 LBSHR00000 Mr. Flat No. 7 Aon 2nd floor, ARCIL 46800 468000 28 Feb 15 March
975004 Mohd. in Wing A in the Project RETAIL 2010 & 07 2010,
Iqbal “Sundar Nagar” C S No. LOAN March 1.30 p.m.
Haroon 32/A3/A2, Vijapur Road, PORTFO 2010
Bagalkot Solapur -413004 , Area- LIO 001-
e 615 Sq. Ft. A TRUST
6 LBPUN00000 Ms. Plot No. 4, On Gat No. ARCIL 200000 2000000 27 Feb 15 March
532153 Aparna J. 188, 164 (P)+189 (P), RETAIL 2010 & 06 2010,
Jamdade Vill. Muje Jambhul, Tal. LOAN March 2.30 p.m.
Maval, Dist. Pune , Area- PORTFO 2010
5380 Sq. Ft. LIO 001-
7 LBPUN00000 Pradeep C-28, 3rd Floor, Rahul ARCIL 64000 640000 27 Feb 15 March
375066 Gulabrao Park, S.No. 42/1 (N), Old RETAIL 2010 & 07 2010,
Jagtap S.No. 26/1, Rajguru LOAN March 3.00 p.m.
Nagar, Tal. Khed , Area- PORTFO 2010
590 Sq. Ft. LIO 001-
8 LBBMT0000 Avinash Flat No 5, 1St Floor, ARCIL 43600 436000 20 Feb 15 March
0692103 Charudat Yashwant, Nr. Dahigaon RETAIL 2010 & 07 2010,
ta Road At Post Natepute LOAN March 4.15 p.m.
Bansode Tal. Malshiras Dist. PORTFO 2010
Solapur Pin-413109 LIO 001-
Area-559Sq. C TRUST
9 LBPUN00000 Bhalchan Plot No.14 S.No.63 Hissa ARCIL 48000 480000 21 Feb 15 March
376151 dra No.1C&2B~ Khadkale RETAIL 2010 & 06 2010,
Manohar Tal.Maval~ LOAN March 5.00 p.m.
Satav Dist.Pune412308 , Area- PORTFO 2010
4000 Sq. Ft. LIO 001-
Intending Bidders may inspect the properties on the dates mentioned in Column No. I
(between 10.00 am and 5.00 pm)
WHEREAS the Authorized Officer of the Secured Creditor (Arcil) has decided to dispose off the said
properties, this notice of sale is published today that the properties detailed above will be sold on the above
prescribed date and time at Arms Office, 1st Floor, Flat No 145 &146, Clover Center, 7 Moledina Road,
Pune – 411001 Tel: - 020 – 66487600. The concerned Borrowers/ Mortgagors in particular and the public in
general is hereby cautioned and restrained not to deal with the Secured Assets in any manner in terms of
Section 13(13) of the said Act and any dealing with the property will be subject to the charge of secured
creditor against the Loan Account as mentioned in Column No. B. The concerned Borrowers/mortgagors are
given last opportunity to settle the respective Loan Accounts in full, with all interest and charges accrued
therein, till one day prior to the date of auction as indicated above, failing which these properties will be sold
as per above-mentioned schedule.
The particulars in respect of the immovable properties specified hereinabove in Column No. D have been
stated to the best of the information and knowledge of the undersigned, who shall however not be
responsible for any error, misstatement or omission in the said particulars. The Tenderers/ Offerers/
Prospective Bidders/ Purchasers are therefore requested, in their own interest, to satisfy themselves with
regard to the above and other relevant details pertaining to the above mentioned properties before submitting
Terms & Conditions of public auction:-
1) Sale is strictly subject to the terms and conditions mentioned hereunder as also the terms and conditioned
mentioned in the offer/ tender document to be submitted by the intending bidders.
2) M/s mjunction services limited have been engaged as auctioneers for proper conduct of the auction. The
properties under auction can be inspected on the date & time specified above. For any queries with regards to
inspection of properties or submission of tenders, kindly contact M/s. mjunction services limited, 403,
Jolly Bhavan 2, 7 New Marine Lines, Mumbai, 400 020, on Phone Nos. (022) 6452 9654, (022)
6452 9686 and also on the following phone nos., Contact Persons – Victor Manikindi – 92237 41649 &
Vishwanath Pandey – 92231 71128.
3) The offer along with aforesaid earnest money deposit (EMD) as referenced in Column No. F above
should be submitted in a sealed envelope super scribed as “Offer for purchase of flat/s” so as to reach
to mjunction services limited, 403, Jolly Bhavan 2, 7 New Marine Lines, Mumbai, 400 020 or
Arcil Arms Office, 1st Floor, Flat No 145 &146, Clover Center, 7 Moledina Road, Pune – 411001 Tel: -
020 – 66487600 on or before 12th March, 2010 (up to 3.00 pm).
4) All the payments, including E.M.D., shall be made only by a Demand Draft / Pay Order drawn in
favour of the Trust as mentioned in Column No. E payable at Pune.
5) Offers that are not duly filled up or offers not accompanied by the EMD or Offers received after the above
date and time prescribed herein will not be considered / treated as valid offers, and accordingly shall be
rejected. The Earnest money deposit shall not carry any interest.
6) Along with offer document, the intending bidder shall also attach a copy of the PAN card issued by the
Income Tax department AND his/ her identity proof and the proof of residence such as copy of the Passport,
Election Commission Card, Ration Card, Driving license etc.
7) In no eventuality the property would be sold below the reserve price.
8) Property shall be sold to the highest bidder / offerer, subject to acceptance of the bid by the secured
creditor, i.e., Arcil. However, the undersigned has the absolute discretion to allow inter-se bidding if deemed
necessary, which will take place at the said Place, Date and Time. The undersigned has the discretion to accept
or reject any offer / Tender without assigning any reason.
9) The Auction / Inter Se Bidding will also take place at the same place when the Intending bidder may
remain present and submit their offers directly and revise their offers upwards.
10) All dues and outgoings, i.e., Municipal Taxes, Maintenance / Society Charges, Electricity and water
taxes or any other dues including all overdue in respect of the said properties shall be paid by the successful
11) The successful bidder/purchaser shall have to pay 25% of the purchase amount (after adjusting the
E.M.D. already paid) within 2 working days from the acceptance of the offer by the Authorized Officer in
respect of the sale, failing which, the earnest money deposit will be forfeited.
12) The balance 75% of the Sale price shall have to be paid within 15 days of conveying the confirmation of
the sale to the successful Purchaser by the Authorized Officer or such extended period as agreed upon in
writing by and solely at the discretion of the Authorized officer. In the event of the default in payment of the
balance 75% of the sale price or any part thereof, within the prescribed period, the amount deposited shall be
forfeited and the secured creditor will be at liberty to sell the property once again and the defaulting Purchaser
shall forfeit all claims to the property or to any part of the sum already paid towards the purchase thereof.
13) Sale is subject to confirmation by the Secured Creditor.
14) The immovable property described herein above shall remain and be at the sole risk of the successful
purchaser in all respects including loss or damage by fire or theft or other accidents, and other risk from the
date of the confirmation of the Sale by the undersigned Authorized Officer. The successful bidder shall not be
entitled to annul the sale on any ground of whatsoever nature.
15) All expenses relating to Stamp Duty, Registration Charges, Transfer Charges and any other charges in
respect of the above referred property shall be borne by the successful bidder.
16) The Authorized officer is not bound to accept the highest offer or any or all offers and Arcil, as secured
creditor, reserves its right to reject any or all bid(s) without assigning any reasons. In case, the bids are
rejected, Authorized officer can negotiate with any of the tenderor or intending bidders or other parties for sale
of the property by private treaty.
17) No persons other than the intending bidders / offerer themselves, or their duly Authorized representative
shall be allowed to participate in the auction/sale proceedings.
18) The Authorized officer reserves his right to vary any of the terms and condition of this notice for sale,
without prior notice, at his discretion.
19) In case, all the dues together with all cost, charges and expenses incurred by the Secured Creditor are
tendered by the above name borrower / co-borrower till one day prior to the date of auction then the property
will not be sold and all the bids received from the prospective bidders shall be returned to them without any
liability / claim against Arcil.
20) A bidder may, on his own choice, avail the facility of online participation in the auction by making
application in prescribed format which is available along with the offer/tender document on the website of
mjunction, i.e., www.valuejunction.in. Online bidding shall take place at www.valuejunction.in and shall be
subject to the terms and conditions contained in the tender document.
21) The website of mjunction may also be accessed through the website of Arcil which is www.arcil.co.in.
Asset Reconstruction Company