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Punjab National Bank

  • Opening Date

    09 Sep 2019

  • Closing Date

    14 Oct 2019

  • Tender Amount

    ₹ 3,60,00,000

  • EMD

    ₹ 36,00,000



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M/s Rainbow Board Mills Pvt Ltd

Sale in NPA account M/s Rainbow Board Mills Pvt Ltd by way of E auction
Sale in NPA account M/s Rainbow Board Mills Pvt Ltd by way of E auction
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Date: 07-09-2019 Place: Muzaffarnagar (U.P.) Authorised Officer (Punjab National Bank) Terms & Condition of E-Auction Sale :- 1. The e-Auction is being held on "AS IS WHERE IS" and "AS IS WHAT IS"and "WHATEVER THERE IS BASIS". 2. Encumbrances known to the bank in respect of statutory dues etc - NIL. 3. The auction sale will be online through e-Auction portal . 4.Bank reserves the right for self bidding in eligible cases. 5. For further details and detailed terms and conditions of E-Auction, please visit the Bank website ,, and/ or contact Sh. D.K. Dharma, Nodal Officer, Circle Office, Muzaffarnagar Mob. 9425501559 or the dealing authorized officers mentioned above. 6. Loans are available for the eligible buyers and they may contact the concerned branches. 7. The successful bidder shall have to deposit 25% of the Sale amount immediately to the account. 8. The successful Bidder shall be required to deposit the balance 75% of the Sale amount within 15 days from the date of confirmation of sale. In case the default in payment of the remaining 75% of the Sale amount within the prescribed period, the amount deposited will be forfeited and the defaulting purchaser shall forfeit all claims to the property or to any part of the sum for which it may be subsequently sold. 9. The bidders shall improve their offer in multiple of Bid Increase amount, In case bid is placed in the last 5 minutes of the closing time of the auction, the closing time will automatically get extended for 5 minutes.10. The Authorised Officer reserves the right to accept any or reject all bids, if not found acceptable or to postpone/cancel /adjourn/discontinue or vary the terms of the auction at any time without assigning any reason whatsoever and his decision in this regard shall be final. 11. The assets will be inspected on 10-10-2019 from 11 am to 02 pm. ALL CONCERNED TO NOTE THAT THIS PUBLICATION ISALSOASTATUTORY 30 DAYS SALE NOTICE UNDER RULE 8 (6) OF THE SARFAESIACT, 2002 TO THE BORROWERS /MORTGAGORS /GUARANTORS. Name of Branch and Circle S. No. Name of the Account Name of the Owner of the Property Description of the Mortgaged Property Demand Notice Date & Outstanding Amount Reserve Price/ Earnest Money Deposit / Bid increase amount Date,Time of E-Auction Name of the Authorised Officer EMD account number and Name / IFSC Code Nature of Property Nature of Possession PUBLIC NOTICE FOR E-AUCTION FOR SALE OF IMMOVABLE PROPERTIESMOVABLE & LAST DATE & TIME OF SUBMISSION OF EMD & DOCUMENTS (HARD COPY) & (ONLINE) is 14.10.2019 4:00 PMUPTO Recovery Department, Circle Office, Muzaffarnagar. # 68, Kambal Wala Bagh, New Mandi, Muzaffarnagar (U.P.) E-MAIL: TEL: 0131-2601130 Whereas under section 13(2) of the "Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the Authorized Officer has issued demand notice as mentioned against each account below for the recovery of sum as mentioned against each account from the Borrowers/guarantors/mortgagors (herein referred to as borrowers). Further, In exercise of powers contained in the "Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the Authorized Officer has taken the symbolic / physical possession of the under mentioned secured assets which are held as securities in respect of Loan/credit facilities granted to the borrowers mentioned below .Whereas sale of the secured asset/s is to be made through Public E-auction for recovery of the secured debt due to Punjab National Bank, details given under the Column "Demand Notice" plus future interest, costs and charges incurred by the bank thereon. The General public is invited to bid either personally or by duly authorized agent. It is open to the bank to appoint a representative and to make self bid and participate in the auction. iatkc uS'kuy cSad punjab national bank E-

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