INDIAN OVERSEASBANKAsset Recovery Management Branch

Rachna Building, 4th floor, 2, Rajendra Place,Pusa Road, New Delhi -110008

Phone 011-25758124, Email: iob1997@iob.in

E-AUCTION SALE NOTICE

Sale of immovoble property mortgaged to the bank under the securitisation and reconstructionof financial assets and enforcement of security interest act, 2002Whereas M/s Tirupati Translogistics Private Limited (Through its Directors Mr Kamal Kishore Goyaland Ms Anita Goyal) has borrowed monies from Indian Overseas Bank against the mortgage ofthe immovable properties more fully described in the schedule hereunder and on uponclassification of the account as NPA, the Bank has issued a demand notice under Section 13(2) ofthe SARFAESIAct, 2002 (Act) on 03.03.2017 calling upon the borrowers M/s Tirupati TranslogisticsPrivate Limited (Through its Directors Mr Kamal Kishore Goyal and Ms Anita Goyal, Plot no-80,Sector 3 IMT Manesar, Haryana -122052, and the guarantors/Mortgagors Mr. Kamal KishoreGoyal, A-1O/51O,Sahara Grace M G Road, Behind Sahara Mall Gurgaon-122002, Mrs. AnitaGoyal A-10/510, Sahara Grace M G Road, Behind Sahara mall Gurgaon-122002. to pay theamount due to the Bank, being Rs.22,81,42,391.00 (Rupees Twenty Two crores eighty one lakhforty two thousand three hundred and ninety one only) as on 28.02.2017 payable together withfurther interest at contractual rates and restsalong with costs, charges etc till date of repayment,within 60 days from the date of receipt of the said notice.

Whereas the borrowers & guarantors having failed to pay the amount dues in full to the Bank ascalled for in the said demand notice, the Bank has taken Symbolic possession of the securedassets more fully described in the schedule hereunder on 09.05.2017 under Section 13 (4) ofthe Act with the right to sell the same on "As is where is", "As is what is" and "Whateverthere is "basis under Section 13(4) of the Act read with Rules 8 & 9 of the Security interest(Enforcement) Rules, 2002 for realization of Banks dues. The dues to the bank as mentioned inpossession notice were intimated as RS.23,50,08,057.00(Rupees Twenty three crores fifty lakheight thousand fifty seven only) as on 09.05.2017 payable together with further interest atcontractual rates and rests along with costs, charges etc till date of repayment, after reckoningrepayments, if any, since the date mentioned in the demand notice.

The dues of the borrower as on 09.05.2017 are to RS.23,50,08,057.00(Rupees Twenty three croresfifty lakh eight thousand fifty seven only) after reckoning repayments, if any, made afterissuing demand notice.

The undersigned in exercise of the powers conferred under Sec 13(4) of the said Actproposes to realize the Bank's dues by sale of the under mentioned properties.

SCHEDULE OF PROPERTY

LOT NO.1 - All that part and parcel of the property consisting of industrial HSEDC shed bearing No.14A,Type B, Electronic City, Sector 18 Part (Udyog Vihar), Gurgaon-12201S. Owned by Sh. Kamal Kishore GoyalS/o-Late Sh. N.MGoyal.LOTNO.2 - All that part and parcel ofthe property consisting of industrial Property at Plot No-80, Sector-S,Industrial Estate, IMT Manesar-1220S0 City or Town, Haryana Tehsil & Distt. Gurgaon. Owned by Sh. KamalKishore Goyal S/o-Late Sh. N.MGoyal. (Property is under Symbolic possession of the Bank)

19.03.2019 from 11.00 AM to 01.00 PM withDate and time of e-auction kiuto extension of five minutes till sale is

completed.LOT NO~l :-Rs.189.99IakhLOT NO.2:-Rs.S2S.81 lakh

Reserve Price [lncluslve of 1 % TDS amount as per section194 IA of IT Act)

LOT NO.1 :-Rs.19.00 lakhEarnest Money Deposit LOT NO.2:- Rs.S2.S9 lakh

Deposit through NEFTI RTGSTransfer in favoupf " lOB ARM Branch" to the credit of SundryCreditors Alc!AIC No. 04420113301010

EMD Remittance Indian overseas bank, Pusa Road Branch,Rachna Building, 1st floor, 2, Rajendra Place,Pusa Road, New Delhi -110008Branch Code:0442IFSCCode:IOBAOOO0442

Bid Multiplier Rs.0.50 Lakh (Rupees fifty thousand only)

Inspection of property b6.03.20 19 to 07.03.2019 (with priorappointment from bank)

Submission of online application for bid 15.02.2019 onwardswith EMD

Last date for submission of online 18.03.2019 (till 05:00 pm)krppllcofton for BIDwith EMD

Known Encumbrance if any None

*Outstanding dues Rs.of Local SelfGovernment(Property Tax, Water o be ascertained by the bidderssewercqe. Electricity Billsetc)

~Indian Overs

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Terms and Conditions

1. The property will be sold bye-auction through the Bank's approved serviceprovider M/s 4Closure India under the supervision of the Authorized Officer of the Bank.

2. E-auction bid document containing online e-auction bid form, declaration, generalterms and conditions of online auction sale are available on the websitehttps:lliob.foreclosureindia.com.

3. Intending bidders shall hold a valid digital signature certificate and email addressand should register their name / account by login to the website of the aforesaidservice provider. They will be provided with user id and ·password by the aforesaidservice provider which should be used in the e- auction proceedings. For details withregard to digital signature, please contact the service. provider at the belowmentioned address/phone no/e- mail.

4. Bids in the prescribed formats shall be submitted "online" through the portalhttps:lliobJoreclosureindia.com along with the EMD & scanned copy of KYCdocuments including photo, PAN Card & address proof to the service provider and theAuthorised Officer before 1700 hours on 18.03.2019.

5. The EMD and other deposits shall be remitted through EFT/ NEFT/ RTGSto the Bankaccount as specified above and the amount of EMD paid by the interestedbidder shall carry no interest. The amount of EMD paid by the successful bidder shallbe adjusted towards the sale price.

6. Bidswithout EMD shall be rejected summarily.

7. Online auction sale will start automatically on and at the time as mentioned above.Auction / bidding will initially be for a period of 180Minutes with auto extension time of5 minutes each till the sale is concluded.

8. The property shall be sold to the successful bidder. The successful bidder(purchaser) as declared by the Authorised Officer shall deposit 25% of the saleprice (inclusive of the EMD) immediately on the same day and not later than the nextworking day. The balance amount of sale price shall be paid within 15 days from thedate of confirmation of auction sale. Failure to remit the entire amount of sale pricewithin the stipulated period will result in forfeiture of deposit of 25%of the bid price tothe secured creditor and forfeiture of all claims over the property by the purchaserand the property will be resold.9. The sale certificate will be issued in the name of the purchaser only, after paymentof the entire sale price amount and other taxes/charges, if any.

10.The purchoser shall bear the charges/ fee payable for conveyance such asregistration fee, stamp duty, etc., as applicable as per law.

11.The Authorized Officer has the absolute right to accept or reject any bid orpostpone or cancel the sale, as the case may be without assigning any reasonwhatsoever.

12.The property is being sold on "As iswhere is", "As iswhat is" and "Whatever thereis" basis. The Bank has disclosed only the known encumbrances, statutory liabilities, if

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any. as above and it is for the purchaser to make their own independent enquiries attheir own costs before participating in the auction.13. As regards the Statutory dues stated above, Bank dues will have priority overstatutory dues. Without prejudice to the above, statutory liability, if any, shall be borneby the purchaser and the Bank assumes no responsibility in this regard.14.Sale is subject to confirmation by the secured creditor.15. EMD of unsuccessful bidders will be returned through EFTI NEFTI RTGSto the bankaccount details provided by them in the bid form and intimated via their e-mail id.16. The e-Auction advertisement does not constitute and will not be deemed toconstitute any com m i t men tor any representation by the bank. TheAuthorised Officer/Secured Creditor shall not be responsible in any way for any thirdparty claims / rights / dues.17.* In compliance with Section 1941A of the Income tax Act, 1961, Income Tax@l%on the Reserve Price shall be deducted and paid under the PAN number of thepurchaser. Since the Tax has been calculated only on the reserve price, the biddershall bear the 1% income tax on the bid multiplier and the Bank shall not take anyresponsibility for the same.*In case of any sale / transfer of immovable property of Rupees Fifty Lakh andabove, the .transferee has to pay an amount equal to 1% of the consideration asIncome Tax.For further details regarding inspection of property I e-auction, the intending biddersmay contact the Branch Manager, Indian Overseas Bank, ARM Branch, Rachna Building,4th floor, 2, Rajendra Place, Pusa Road, New Delhi -110008 during office hours, or contactShri Bhuwaneshwar Kumar (M) Phone no:011-25758124; Mob:9650075893 or Shri Nidhir Kant(CM): 9999077338 or ShriSanjay Kishore (AGM}:08210330957 the Bank's approved serviceprovider Mis. 4 Closure, Address- Flat No. 102, Amrutha Apartments, Plot 20, Motinagar,Hyderabad-500018. Help line No.040-23836405 email: info@bank uctions.in

PLACE: New Delhi ~DATE: 14.02.2019

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