Registered Office at: Gateway Building, Appollo Bunder, Mumbai-400-001.
Corporate office at: B Wing, 3rd Floor, Agastya Corporate Park, Piramal Amiti Building, Kamani Junction, Kurla West Mumbai-400 070.
SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES [UNDER RULE 8(6)]
E-AUCTION SALE NOTICE FOR SALE OF IMMOVABLE ASSET CHARGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 ("SARFAESI ACT") READ WITH RULE 8(6) OF THE SECURITY INTEREST (ENFORCEMENT) RULES, 2002 ("RULES")
Notice is hereby given to the public in general and in particular to the Borrower, Guarantor (s) and Mortgagor (s) that the below described immovable properties mortgaged/charged (collectively referred as "Property") to Mahindra and Mahindra Financial Services Ltd. ("Secured Creditor/NBFC"), the possession of which has been taken by the Authorised Officer of the Bank under section 13(4) of the SARFAESI Act read with the Rules, as detailed hereunder, will be sold on "As is where is", "As is what is", "Whatever there is" and "Without Recourse Basis" on Date, for recovery of the Bank's outstanding dues plus interest as detailed hereunder under Rules 8 and 9 of the Rules by inviting bids as per below e-auction schedule:
BRIEF DESCRIPTION OF PARTIES, OUTSTANDING DUES AND PROPERTY
Name of the Borrower & Mortgagor (s) : Mr. PRAKASH NAVINCHANDRA SHROFF [Borrower & Mortgagor]
Demand Amount, Demand Notice Date & Possession Notice Date : Demand Amount: Rs.1,61,58,606.95 (Rupees One Crore Sixty One Lakhs Fifty Eight Thousands Six Hundred Six and Ninety Five Paise only) as on 13th August 2024. 13(2) Demand Notice Date: 16.08.2024. Date of Possession: 18.10.2024.
Property Inspection Date and Time : 09.12.2024 to 13.12.2024 Between 11:00 AM to 5:00 PM
Last Date for Receipt of Bids along with document(s) : 19.12.2024
Date & Time of E-Auction : E-Auction Date: 20.12.2024 E-Auction Time: 10.00 AM to 05.00 PM
RP, EMD & BIA : Reserve Price: Rs. 2,70,70,000/- (Rupees Two Crore Seventy Lakh Seventy Thousand Only) Earnest Money Deposit: Rs.27,07,000/- (Rupees Twenty Seven Lakh Seven Thousand Only) Bid Incremental Amount: Rs. 1,00,000/- (Rupees One Lakh Only)
Name of Authorised Officer, Contact No. & Email Id : Mr. SUHAG JOSHI, +91 9099348666. JOSHI.SUHAG@mahindra.com Mr. RAVI KUMAR SHARMA. +91 9928042866. SHARMA RAVI3@mahindra.com Ms. TRUPTI PARVADI +91 9158356607 PARVADI.TRUPTI@mahindra.com Mr. DEEPAK WAVHALE +91 9975421187 wavhale.deepak@mahfin.com
Details of Property(ies): ITEM No. 1-All that piece and parcel of property bearing Old Panchayat No. 635 and its New Panchayat Property No. 912/1 and Sheet No. 30 and City Survey No. 3770 having admeasuring 13751 Sq. Mtrs. paiki City Survey No. 3770/15 and its New Nagar Panchayat (Assessment) Property No. 921/1/15 having admeasuring 958 Sq. Mtrs. Open Plot Property, in the sim of Mouje Village: Pethapur, Taluka: Gandinagar, Dist Gandhinagar in the district of Gandhinagar and Registration Sub District of Gandhinagar Zone. Bounded as Follows: On or towards East by: Relevant City Survey No. 3770/14: On or towards West by: Relevant Way: On or towards South by: City Survey No. 3770/9, On or towards North by: Relevant Way.
For detailed terms & conditions of the sale, Please refer to the provided link at https://www.mahindrafinance.com/sme-loans/auction-notices or contact with Authorised Officers & for E-Auction Guidance Contact Person Mr. Balaji Mannur, Mob No: 7977701080, e-mail-Id: Mannur.govindarajan@c1india.com.
Date: 14.11.2024 | Place: Pethapur, Gandhinagar, Gujarat
Sd/ Authorised Officer, Mahindra and Mahindra Financial Services Ltd.