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GOVERNMENT OF INDIAMINISTRY OF FINANCE

DEPARTMENT OF FINANCIAL SERVICESOFFICE OF THE RECOVERY OFFICER

DEBTS RECOVERY TRIBUNAL-1 AT HYDERABAD3RD Fooor, Triveni Complex, Abids, HYDERABAD -500 001.

FORM No.13PROCLAMATION OF SALE

(UNDER RULE 38,52(2) OF SECOND SCHEDULE TO THE INCOME TAXACT,1961 READ WITH THE RECOVERY OF DEBTS DUE TO BANKS AND

FINANCIAL INSTITUTIONS ACT,1993.)

R.C. No.17/2012

IN

O.A. No.65/2010lDBI Bank Ltd..,5-9-89/1 & 2,Chapel F{oad,Hyderabad

Vs.

Sri Taher Ahmed & Another

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....... Certificate Holder

....... Certificate Debtors

1. Whereas the Recovery Certificate was issued bearing No.17/2012 inO.A.No.65/2010 by the Hon'ble Presiding Officer, Debts Recovery Tribunal-1,Hyderabad, under sec.19 (22) of the Recovery of Debts Due to Banks and FinancialInstitutions Act, 1993 'between lDBI Bank Ltd., 55-9-89/1 & 2, Chapel Road,Hyderabad and Sri Taher Ahmed & Another and forvarded the same to theundersigned for execution.

2. Whereas the undersigned initiated recovery proceedings in RP No.17/2012 inO.A.No.65/2010 for recovery of Rs. 49,57,278/- ( Rupees Forty Nine Lakhs FiftySeven Thousands Two Hundred and seventy Eight only) with interest, costs, etc.

Spec`ifted`.in```thg Recovery Certificate under the Second and Third Schedules to the

xp`1, from the following Certificate Debtors :-S,;t` .:.i.` - :-.i``di< 'Sri Taher AJhm¢q,

\``. S/a: M ukhtarAh.ined,`,:-:4;;:a:t;`/u:;,:S:¢;eBr:rbkaa:Purachaman

==:=`-i-ri

...... Certificate Debtor No.1

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2. Smt. Taranum,W/o. Taher Ahmed,Flat No.33, Chandravilla Apartments,Street No.8, Habsiguda,Hyderabad -500 007 ...... Certificate Debtor No.2

3. And whereas the undersigned has ordered the sale of themorfgaged/attached properties mentioned in the schedule annexed hereto insatisfaction of the Recovery Certificate.

4. And whereas on 20.12.2019 (the date fixed for sale) there will be due a sumof Rs. 49,57,278/- ( Rupees Forty Nine Lakhs Fifty Seven Thousands Two Hundredand Seventy Eight Only) plus further interest as ordered from the date of RecoveryCertificate and costs incurred/to be incurred towards publication and auction sale.

5. NOTICE is hereby given that in the absence of any order of postponement,the said property shall be sold by the undersigned by online e-auction throughwebsite of the service provider https://www.bankeauctions.com on 20.12.2019between 12.00 Noon and 12.30 PM with auto extension condition i.e„ the end timeof e-auction will be extended by 3 minutes each time if bid is made in the last threeminutes before closure of auction.

6. The bidding shall take place through "Online Electronic Bidding" throughwebsite https://wvwv.bankeauctjons.com of service provider M/s. Cl India Pvt. Ltd„C-104, Sector-II, Noida-201301, Uttar Pradesh - Sh. B.M. Gandhi, Mobile -9700333933, e-mail: support@bankeauctions.com and telangana@cl india.com.

7. E-Auction Tender Document containing online e-auction bid form, Declaration,General Terms and Conditions of online auction sale are available onhttps://www.bankeauctions.com.

8. The sale will be of the property of certificate Debtors named and the liabilitiesand claims attaching to the said property so far as they have been ascertained arethose-.-

specified in the schedule of property.

•`,``'`::jountT:eb::f°:Pa%dw:'ybseapeu:su:aft?srf:ea:eb'yntthhee::t,:SoEeac':I:£,:nnt:fet;:hperdoup':rt;;:::;ale`shall be imm6'S,!ately stopped with respect to remainder. The sale will also besto`pped. if before.a;n!}€ property lot is knocked down, the sum mentioned in aforesaid::°rtif::£t::::tfe°rr:ia:#

>i|€,,,i¥ndered to the officer conducting the sale or proof is given-to

yable as per the aforesaid certificate and costs (including thecost iof the sale)

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his satisfaction that the amount of such sum, interest and costs have been paid tothe undersigned.

10. No officer or other person, having any duty to perform in connection withthis sale shall however, either directly or indirectly bid for, acquire or attempt toacquire any interest in the property sold. The sale shall be subject to the conditions

prescribed in the Second Schedule to the Income Tax Act,1961, and the income taxcertificate proceedings Rules 1962, the rules made there under and to the followingfurther conditions:-

i) The particulars specified in the annexed schedule have been stated to thebest of the information of the undersigned but the undersigned shall not beanswerable for any error, mis-statement or omission in this proclamation.

ii) The reserve price belowwhich the propertyshall not be sold is Rs.40,00,000/-

( Rupees Forty Lakhs Only).

iij) The amounts by which the biddings are to be increased shall be Rs.20,000/-

(Rupees Twenty Thousands Only) or in such multiples.

iv) The last date for submission of Bid Application and payment of EMD is18.12.2019 by 4.30 PM.

v) The bidders may participate in the e-auction for bidding from their place ofchoice. Internet connectivity shall have to be ensured by bidder himself.DRT/Bank/Service Provider shall not be held responsible for the internetconnectivity, network problems, system crash down, power failure, etc.

vi) The highest bidder shall be declared to be the purchaser of the property

provided always that he is legally qualified to bid and provided further that theamount bid by him is not less than the reserve price. It shall be in thediscretion of the undersigned to decline acceptance of the highest bid whenthe price offered appears so clearly inadequate so as to make it inadvisable todo so.

vii) , The EMD amount @ 10% of the Reserve Price shaH be paid either byRTGSINE,FT/FUND Transfer to the credit A/c. No.81137000010040, lDBl

. Bank Ltd., \RAC Basheerbagh Branch, Hyderabad through lFSC`Code:lBKL0000\811 or by Demand Draft /Pay Order in favour of Recovery

Officer, DRTl, Hyderabad along with the copy of PAN Card, Address Proofand identity proof, e-mail lD, Mobile No. and in case of company, documents

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confirming representation and the receipt/counter foil of such deposit, besubmitted in the office of the Recovery Officer.

viii) The intending bidders may contact Sri a. Rajasekhar, Assistant GeneralManager, lDBI Bank Ltd., Retail Asset Centre, Ground Floor, Mahavir House,Near Police Commissioner Office, Basheerbagh, Hyderabad, Ph.040-66746099 / 9833021599, email id asekhar idbi.co.in for ascertaining

the details of property and also for inspection of the schedule property.

ix) Prospective bidders are advised to peruse the copies of Title deeds with theBank and verify the latest Encumbrance Certificate and otherRevenue/Municipal records to exercise due diligence and satisfy themselveson the Title and Encumbrance, if any, over the property.

x) The successful bidder shall deposit of 25% of the sale proceeds afteradjustment of EMD on being knocked down by next date before 3.00 pin inthe said account as per details mentioned in para 'vii' above. If the next dayhappens to be a public holiday, Second Saturday or Sunday, then on next firstworking day.

xi) The successful bidder shall deposit the balance 75% of the sale proceeds onor before the 15th day from the date of sale of the property, exclusive of suchday, or if the 15th day happened to be Second Saturday, Sunday or any publicHoliday, then on the first working day after the 15th day be prescribed mode asstated in para "vii' above. In addition to the above the purchaser shall alsodeposit Poundage fee with the Recovery Officer, DRT-1, Hyderabad @ 2%

poundage up to Rs.1000/-and @ 1% of excess of the said amount ofRs.1000/-by next date of auction before 3.00 pin in the said account as perdetails mentioned in para 'vii' above. If the next day happens to be a publicholiday, Second Saturday or Sunday, then on next first working day throughDD in favour of the "Recovery Officer, DRT-1, Hyderabad".

xii) ln default of payment within the period mentioned above, the property shall beresold, after the issue of a fresh proclamation of sale. The deposit, after

the expenses of the sale, may, if the undersigned thinks fit, be6a:+9 the Government and the defaulting purchaser shall forfeit all claims

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rty or to any part of the sum for which it may subsequently be•:`:.`..-... I:., s-6,a. , .`

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xiii) The property is.being sold on "As is where is & As is what is basis" .I.+

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SCHEDULE OF PROPERTY

(PROPERTY BELONGING TO SRI TAHERAHMED, C.D.No.1)

All that Flat bearing No.101 on lst Floor of CASTLE HOMES with a plinth area of

1200 Sq.Ft (including common area) together with undivided share of landadmeasuring 38 Sq.Yds. jn the premises No.3-4-841/B, Barkatpura, Hyderabad andbounded by;

North : Open to SkySouth : Lobby Lift & StaircaseEast : Passage/Open to skyWest : Passage/ Open to Sky

GIVEN UNDER MY HAND AND SEAL OF THIS TRIBUNAL AT HYDERABAD ONTHIS THE 8TH DAY OF NOVEMBER, 2019.

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«.UNI-CAJJ( a. UMA MAHESWARl )

RECOVERY OFFICERDEBT RECOVERY TRIBUNAL-1

HYDERABAD