Thane - Auction Details

The sale shall be subject to the conditions prescribed in the Security Interest (Enforcement) Rules 2002 and to the following further conditions: Sale is on "As is where is and what is there is basis” and is strictly subject to the terms & conditions stipulated in the prescribed Tender Document/ E-Bidding catalogue and in this notice. Further details of the immovable properties/secured assets and Tender Documents/Online Auction Catalogue can be collected/obtained from the Authorized Officer of 19th Floor, Empire Tower, Reliable Tech Park, Cloud City Campus, Plot No.31, Thane Belapur Road, Airoli, Navi Mumbai - 400708 on any working day. Sealed tenders (in the prescribed tender documents/ e-bidding catalogue only) along with 10% of the Reserve Price amount towards earnest money deposit (EMD) should be deposited in the office 19th Floor, Empire Tower, Reliable Tech Park, Cloud City Campus, Plot No.31, Thane Belapur Road, Airoli, Navi Mumbai - 400708 on or before date mentioned above. Payments to be made by demand drafts/pay orders drawn on a scheduled bank in favour of “YES BANK LTD.” payable at par or through Online transfer in the account mentioned on E Auction notice dated 30-Jun-2025. Tenders that are not duly filled up or tenders not accompanied by the EMD or tenders received after the above date prescribed herein will not be considered/ treated as valid tenders, and shall accordingly be rejected. The date of e-auction and time mentioned hereinabove column. Documents: along with tender documents / e-bidding catalogue the tenders should also attached copy of his / her photo identity proof such as copy of the passport. Election commission card, Aadhar Card, driving license, copy of pan card issued by Income tax department etc. Please note that proof of documents countersigned by the tenderer/ offerer, herself / himself also needs to be provided. The bid price to be submitted shall be above the Reserve Price and the bidders shall improve their further offer in multiple of Rs.10,000/-. The property will not be sold below the reserve price set by the Authorized Officer. The bid quoted below the reserve price shall be rejected and the EMD deposited shall be forfeited. Upon Receipt of The Necessary Documents as mentioned above within the stipulated Date and Time, password/user id will be provided by M/s. e-Procurement Technologies Limited to Eligible Tenderers / Prospective Purchasers to participate in the Online Auction at https://sarfaesi.auctiontiger.net. Necessary trainings will be provided by M/s. e-Procurement Technologies Limited for this purpose. Please contact Officials of M/s. e-Procurement Technologies Limited (Auction Tiger) Ahmedabad Mr. Ram Sharma on (M) +91 8000023297(Ramprasad@auctiontiger.net). The tenderers/prospective purchasers will be given an opportunity to increase/improve their offer/s during online auction. The additional terms and conditions for tenderers/prospective purchasers participating in online auction are: A) e-Procurement Technologies Limited (Auction Tiger) is assisting The Authorized Officer in conducting the Online Auction. B) Detailed Terms and Condition for Participating in the Online Auction, Format, Application, Declaration, etc, can be Downloaded From Website https://sarfaesi.auctiontiger.net The successful bidder shall have to pay 25% of the purchase amount (including Earnest Money) within 24 hours of the closure of the e-auction sale proceedings. The Balance 75% of the purchase price shall have to be paid within 15 days of confirmation of the sale by the Bank or such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer failing which the Bank shall forfeit amounts already paid/deposited by the purchaser. The EMD of the unsuccessful bidder will be returned on the closure of the E-auction proceedings within 3 working days. The sale is subject to confirmation by the Bank. If the Borrower/Guarantor pays the amount due to the bank in full before date of sale, no sale will be concluded as per Sec.13(8) of SARFAESI Act. To the best of knowledge and information of the AO, no other encumbrance exist on the mortgaged property, however the prospective tenderers are advised to do their own due diligence in this regard. The AO shall not be held responsible for any charge, lien, encumbrance, property tax or any other dues to the Government or anybody in respect to the aforesaid mortgaged property. The Intending Bidder is advised to make their own independent inquiries regarding encumbrances on the property including statutory liabilities arears of property tax, electricity, society dues etc. The AO has the right to reject any tender/ tenders (for either of the property) without assigning any reasons thereof. On compliance of terms of sale, Authorized Officer shall issue 'Certificate of Sale' in favor of purchaser. All expenses relating to stamp duty, registration charges, conveyance, VAT/GST, Cooperative Housing Society dues etc. to be borne by the purchaser. TDS of 1% will be applicable and payable by the highest bidder on the highest declared bid amount in case wherein property sold on or above Fifty Lac. The payment needs to be deposited by highest bidder in the PAN of the owner/ borrower(s) and the copy of the challan shall be submitted to our company. The sale is subject to the conditions prescribed in the SARFAESI Act/Rules 2002 and the conditions mentioned above. For details terms and conditions of the sale, please refer to the link https://www.yesbank.in/about-us/media/auction-property provided in website of Yes Bank Ltd. i.e. www.yesbank.in.