OA¢INDIAN OVERSEASBANK

Asset Recovery Management BranchRachna Building, 4th floor, 2, Rajendra Place,

Pusa Road, New Delhi -110008Phone 011-25758124, Email: iob1997@iob.in

E-AUCTION SALE NOTICE

Sale of immovable property mortgaged to the bank under the securitisation and reconstructionof financial assets and enforcement of security interest act, 2002Whereas M/s COCO Shri Ram Pvt Ltd (Through its Directors Mr. Sandeep Khanna & Mrs. MeenaKhanna) has borrowed monies from Indian Overseas Bank against the mortgage of theimmovable properties more fully described in the schedule hereunder and on upon classificationof the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESIAct, 2002 (Act) on 02.01.2018 calling upon the borrowers M/s COCO Shri Ram Pvt Ltd (Through itsDirectors Mr. Sandeep Khanna & Mrs. Meena Khanna) 469, Katra Ishwar Bhawan, Khari BaoliDelhi-110006, and the guarantors/Mortgagors Mrs. Meena Khanna ,469, Katra Ishwar Bhawan,Khari Baoli, Delhi-110006 . Mr. Sandeep Khanna ,469,Katra Ishwar Bhawan, Khari Baoli, Delhi-110006. Mr. Kamal Khanna (HUF),469, Katra Ishwar Bhawan, Khari Baoli, D~lhi-110006. Mr. KamalKhanna{lndividual) 469, Katra Ishwar Bhawan, Khari Baoli, Delhi-110006. Mr. Pradeep Khanna469, Katra Ishwar Bhawan, Khari Booli, Delhi-110006. Mrs. Madhu Khanna, 469, Katra IshwarBhawan, Khari Baoli, Delhi-110006 to pay the amount due to the Bank, being Rs.3,11,78,675.88(Rupees Three Crore Eleven Lakh Seventy Eight Thousand Six Hundred Seventy Five & EightyEight Paise Only) as on 31.12.2017 payable together with further interest at contractual rates andrests along with costs, charges etc till date of repayment, within 60 days from the date of receiptof 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 15.03.2018 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.2,86,80,885.18 (Rupees Two crores Eighty six lakh eightythousand eight hundred eighty five and eighteen paise only) as on 15.03.2018 payable togetherwith further interest at contractual rates and rests along with costs, charges etc till date ofrepayment, after reckoning repayments, if any, since the date mentioned in the demandnotice.

The dues of the borrower as on 15.03.2018 are to Rs.2,86,80,885.18 (Rs.Two crore Eighty six lakhEighty thousand Eight hundred Eighty five and Eighteen Paiseonly) after reckoning repayments, ifany, made after issuance of 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 E.Mof one shop at GF,FF & SF(With roofright) in property No 469 to 472 (New) and 243(old), Ward No-III, Katra Ishwar Bhawan, Khari Baoli, Delhiin the Name of Mr. Kamal Khana (Individual) and Mr. Sandeep Khana

(Property under physical possession of the Bank)LOT NO.2 - All that part and parcel ofthe property consisting of E.Mof one shop No.470 in GF in propertyNo.469-472(New) and 243(Old) Ward No-III Katra Ishwar Bhawan, Khari Baoli , Delhi in the Name of r-

Mr. Kamal Khana (HUF)Mr. Pradeep KhanaMrs. Madhu KhanaMrs. Meena Khana

(Property under physical possession of the Bank)

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

completed ..LOT NO.1 :-Rs.176.55 lakh

, LOT NO.2:-Rs.189.99IakhReserve Price (Inclusive of 1 % TDS amount as per section

194 IA of IT Act)

LOT NO.1 :-Rs.17.66 lakhEarnest Money Deposit LOT NO.2:- Rs.19.00 lakh

Deposit through NEFTI RTGSTransfer in favourpf " lOB ARM Branch" to the credit of SundryCreditors AI c!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 06.03.2019 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)application for BIDwith EMD

Knbwn Encumbrance if any None

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

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:/Iiob.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 note- mail.

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

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 purchaser 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, ifany, as above and it is for the purchaser to make their own independent enquiries at

, their 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 issubject 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 194 IA of the Income tax Act, 1961, Income Tax @1%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 -110008during office hours, or contactShriBhuwaneshwar Kumar (M) Phone no:011-25758124;Mob:9650075893 or ShriNidhir Kant(CM): 9999077338or ShriSanjay Kishore (AGM):08210330957the Bank's approved serviceprovider Mis. 4 Closure, Address- Flat No. 102, Amrutha Apartments, Plot 20, Motinagar,Hyderabad-500018. Help line NO.040-23836405email: info@bankauctions.in

\\ ~dOH" ~,2~~~:!,~",;;~~...~I * ~ db ~4'.~

~ if 1997 ~ *~i :U.II. tTmlT ~ a~~A.R.M hid! 'J: ~,~~~t~

PLACE:New DelhiDATE:14.02.2019

Page 4 of 4