A Govt.

of India Undertaking)

NILAKANTHANAGAR BRANCH : : BERHAMPUR REGION

By Regd Post & Courier

Borrowers/ Co-obligant/Mortgagor/Guarantors
1. Mr. Purna Chandra Behera S/o Syamaa Sundar Behera C/o Kuni Sahu, Prem Nagar 7th Lane near Nilakanthanagar
Ganjam Odisha 760002. 2. Mrs. Sujata Barik W/o Rabi Barik at Shakti Nagar 7th Lane of Lochapada Village, PO:
Berhampur, PS: Berhampur Sadar, Ganjam Odisha

Dear Sir/Madam,

Sub: Notice of 30 days for sale of immovable secured assets under Rule 8 of the Security Interest (Enforcement)
Rules, 2002.

1. Union Bank of India, Nilakanthanagar Branch, the secured creditor, caused a demand notice dated under Section
13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling
upon you to pay as on Rs.7,98,664.00 as on 29.12.2022 together with interest from thereon with contractual rate
within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the
Authorised Officer, has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule
8 of Security Interest (Enforcement) Rules, 2002. Possession notice dated 06.07.2023 issued by the Authorised Officer,
as per Appendix IV to the Security Interest (Enforcement)) Rules, 2002 was delivered to you and the same was also
affixed to the properties mortgaged with the Secured Creditor, apart from publication of the same in newspapers.
Please note that as per the said demand notice you were informed about your right to redeem the property within the
time available under Section 13(8) of Securitization and Reconstruction of Financial Assets and Enforcement of Security
Interest Act, 2002.

2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken
possession of by the Authorised Officer, will be sold by holding public E-auction on 27.10.2023 between 12:00 PM to
17.00 PM by inviting Bids from the public through online mode on www.mstcecommerce.com.

3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the
sale as proposed above.

4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will be conducted through E-
Auction mode on the date and time mentioned in the enclosed terms of sale.

Yours faithfully

Place : Berhampur
Date : 21.09.2023 AUTHORISED OFFICER
FOR UNION BANK OF INDIA
Encl: Terms of sale
 TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS:

1. Name and address of the Borrower, Co-Applicant and Guarantor

Borrower, Mortgagor & Guarantors: 1. Mr. Purna Chandra Behera S/o Syamaa Sundar Behera C/o Kuni Sahu, Prem
Nagar 7th Lane near Nilakanthanagar Ganjam Odisha 760002. 2. Mrs. Sujata Barik W/o Rabi Barik at Shakti Nagar
7th Lane of Lochapada Village, PO: Berhampur, PS: Berhampur Sadar, Ganjam Odisha

2. Name and address of the Secured Union Bank of India, Neelakanthanagr Branch
Creditor :
3. Description of immovable secured assets to be Sold

Residential Property consisting of L&B situated over Plot No. 1102/3240, Khata No: 454/617 under revenue Mouza:
Nimakhandi, Tahasil: Kukudakhandi, Dist: Ganjam Odisha in the name of Mrs. Sujata Barik measuring to an extent of
AC. 0.025 Dec. Bounded by East: Land of Raja Kumari Sahu, West: Land of P Sukanya, North: Vendor's Land, South:
Road.
4.The details of encumbrances, if any There are no encumbrances known to the Bank on the Property.
known to the Secured Creditor
5. Last date for submission of EMD Before the commencement of eAuction.
6. Date & Time of auction 27.10.2023 between 12:00 PM and 17.00 PM (with 10 min unlimited
auto extensions) E-auction website-www.mstcecommerce.com
7.The secured debt for the recovery of Rs. 798664 as on 29.12.2022 plus further interest, costs, charges and
which the immovable secured asset is to be any amount pertaining to BG invocations thereon due to Union Bank of
sold: India.
8.1Reserve price for the properties below Rs. 56,42,000/-
which the immovable property may not be
sold:
8.2 EMD Payable Rs. 5,70,000/-

9. 1. Registration
The Online E-Auction will be held through web portal/website www.mstcecommerce.com on the date and time
mentioned above with unlimited extension of 10 minutes.
The intending bidders / purchasers required to register through
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp by using their mobile number and valid email-id.
They are further required to upload KYC documents and Bank Details.

9. 2. KYC Verification
On completion of registration, the intending bidders / purchasers are required to upload KYC documents and Bank
account details. KYC documents shall be verified by e-auction service provider which may take 2 to 3 working days.
Hence the registration and uploading formalities are to be completed well in advance.

9. 3. EMD Payment
On completion of KYC verification, the intending bidders / purchasers are required to pay EMD through NEFT/RTGS/
NET BANKING/UPI by generating a Challan through this website in his/their Global EMD Wallet. Payment should be
made within 3 days after generating the Challan for NEFT / RTGS otherwise the Challan shall become invalid. The
payment shall be ensured well in advance before the stipulated time. If the required EMD amount is not held in their
Global Wallet, they will not be allowed to participate. Payment of EMD in any other mode will not be accepted.
The Earnest Money Deposit shall not bear any interest and in case of unsuccessful bid, the same will be returned to
the unsuccessful bidder by the service provider without interest.

9.4 Bidding
The bidder has to select the property for which offer is submitted from the list mentioned in the above website and/
or bidder can directly enter Property ID (as mentioned in https://ibapi.in). The property will be visible in ‘Live
Auctions’ on www.mstcecommerce.com one day prior to the date of auction.
9. 5. Help Desk
 For Registration related queries e-mail to ibapiop@mstcecommerce.com
 For EMD payment/refund related queries e-mail to ibapifin@mstcecommerce.com.
 For Registration and Login and Bidding Rules visit https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp
and Click “Buyer Guide for Login and Registration”
 Intending bidders may download at free of cost, copies of sale notice, Terms and Conditions of e.auction
Help Manual on operational part of e-auction from e-Bkray – IBAPI portal (https://www.ibapi.in)
For auction related queries e-mail to or contact 9819410951
9.6 Steps Involved
 Register on e-auction portal www.mstcecommerce.com. using mobile number and email ID.
 Upload requisite KYC Documents.
 Generate challan and transfer EMD amount to bidder’s global EMD Wallet.
 Submission of bid shall be through Online mode on the auction date and time.
 In case of successful Bid, the balance bid amount to be paid as per the terms as mentioned hereunder.
 In case of unsuccessful Bid, request for refund to be made in the MSTC website and refund will be made
directly by the MSTC.
Bidders are advised to go through the website https://www.ibapi.in, and www.unionbankofindia.co.in tenders for
detailed terms and conditions of Auction Sale before submitting their bids and taking part in the E-Auction sale
proceedings.
Successful bidder will be intimated through e-mail after the closing of the e-Bidding Process.
10. The intending bidders may, if they choose, after taking prior appointment from the Authorised Officer, inspect
the immovable/movable secured assets to be sold before the date of E-Auction.
It shall be the sole responsibility of the bidders to inspect and satisfy themselves about the secured assets and
specification before submitting the bid. On participation by any person or corporate it shall be deemed that the
bidders have fully satisfied themselves as to the property /assets and claims/ dues affecting the property under Sale
in all respects.
11. In case of bidding the bid increment shall not be less than Rs.57000/- in excess of highest bid amount or the
immediate preceding bid, as the case may be with multiple increment value of Rs.57000/-
12. The sale will be confirmed in favour of the highest bidder and the confirmation of sale shall be subject to the
confirmation by the Secured Creditor.

13. Bids once made shall not be cancelled or withdrawn. The failure on the part of bidder to comply with any of the
terms and conditions of e-auction, mentioned herein will result in forfeiture of the amount paid by the bidder.
14. The successful bidder so declared by the Authorised Officer shall deposit 25% of the Sale Price (inclusive of EMD)
in Cash/DD/RTGS/NEFT/Internet transfer /Cheque subject to realisation, immediately on the sale day or not later
than next working day with the Authorised Officer in the account bearing Number 008511100000432 of the
Authorised Officer, Union Bank of India, Courtpeta Branch, IFSC Code UBIN0800856 and the balance 75% of the
Sale Price on or before 15 th day of confirmation of Sale or within such extended period as agreed upon in writing
between the secured creditor and the purchaser, in any case not exceeding 3 months.
In the event of failure to tender 25% (15%+EMD) of the sale price as per the terms of Sale by the successful bidder,
the EMD so deposited by him shall be forfeited to secured creditor and the bid accepted shall stand cancelled
automatically and the defaulting bidder shall neither have claim on the property nor on any part of the sum for which
it may be subsequently sold.
In default of payment of balance amount of purchase price before 15 days from the date of confirmation of sale by
the Secured Creditor or such extended period as may be mutually agreed upon between the secured creditor and the
purchaser (not exceeding 3 months) the deposit of 25% of the amount of sale price made shall be forfeited and the
property shall forthwith be sold again and the defaulting purchaser shall neither have claim on the property nor on
any part of the sum for which it may be subsequently sold.
15. The Authorised Officer may, where the property sold is subject to any encumbrances, if he thinks fit, allow the
purchaser to deposit with him the money required to discharge the encumbrances and any interest due thereon
together with such additional amount that may be sufficient to meet the contingencies or further costs, expenses
and interest as may be determined by him.
On such deposit of money for discharge of encumbrances, the Authorised Officer may issue or cause the purchaser to
issue the notices to the persons interested in or entitled to the money deposited with him and take steps to make the
payment accordingly.
16. On confirmation of sale by the secured creditor and if the terms of payment have been complied with by the
successful bidder, the Authorised Officer shall issue a certificate of sale of immovable property in favour of the
purchaser in Appendix-V to the Security Interest (Enforcement) Rules, 2002.
17. Legal charges for conveyance, stamp duty, registration charges and other incidental charges as applicable shall
be borne by the successful bidder only.
18. As per Section 194-IA of the Income Tax Act 1961, TDS @ 1% will be applicable on the sale proceeds where the
sale consideration is Rs.50,00,000/- (Rupees fifty lakhs) and above. The successful bidder/purchaser shall deduct the
TDS from the sale price and deposit the same with the Income Tax Department in Form No. 16-B, containing the
Bank’s name and the PAN number as a seller and submit the original receipt of the TDS Certificate to the Bank.
(Applicable for immovable property, other than Agricultural land)
19. The Authorised Officer will deliver the property on the basis of symbolic/physical possession taken on as is where
is basis, to the purchaser free from encumbrances, known to the Secured Creditor on deposit of money by the
purchaser towards the discharge of such encumbrances.
20. The certificate of sale will be issued specifically mentioning whether the purchaser has purchased the
immovable/movable secured assets free from any encumbrances known to the secured creditor or not. No request
for change of name in the sale certificate other than the person who submitted the bid/participated in the auction
shall be entertained.
21. The unsuccessful Bidders who have deposited EMD shall be entitled to have the same refunded without any
interest immediately after the confirmation of sale by the Authorised Officer in favour of successful bidder. The
unsuccessful bidder is required to place request for refund with
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp .
The EMD of unsuccessful bidders will be refunded on request to their respective A/c No. as registered in e-Auction
Portal www.mstcecommerce.com. The bidders will not be entitled to claim any interest, costs, expenses and other
charges (if any).
22. If the Borrower were to pay to the Authorised Officer the entire amount due, with the up-to-date expenses
including the expenses / charges / cost in taking possession and conducting the sale, to the secured creditor before
e-Auction, the sale by E auction may be cancelled by the Authorised Officer.
23. Bank, the Secured Creditor, reserves the right to accept / reject the highest bid without assigning any reason
thereof or to cancel the sale.
24. In case any dispute arises as to the validity of the bid(s), amount of bid, EMD or as to the eligibility of the bidder,
authority of the person representing the bidder, the interpretation and decision of the Bank shall be final. In such an
eventuality, the Bank shall in its sole discretion be entitled to call off the sale and put the property to sale once
again on any date and at such time as may be decided by the Bank
25. The bank/service provider for e-auction shall not have any liability towards bidders for any interruption or delay
or technical snag in access to the site irrespective of the causes.
26. The above movable/immovable secured assets will be sold in “As is where is”, “As is What is” and “whatever
there is” condition.
27. The entire sale consideration shall be exclusively available for appropriation towards dues to the Bank and it is
exclusive of encumbrances of all statutory dues and other dues if any, shall be settled by the proposed purchaser out
of his own sources.
29. To the best of information and knowledge of the Authorised Officer, there is no encumbrance on the property.
However the intending bidders should make their own independent enquiry regarding the encumbrances, title of the
property put to auction and the claims / rights/ dues affecting the property, prior to submitting their bid. The E
Auction advertisement does not constitute and will not be deemed to constitute any commitment or any
representation of the Bank to sell the property. The Authorised Officer/ Secured Creditor shall not be responsible in
any way for any third party claims/rights/dues.

Place : Berhampur AUTHORISED OFFICER