Manoj

E-AUCTION SALE NOTICE
Notice is hereby given to the public in general and in particular to the below Borrower/
Guarantors that the below described immovable property mentioned in Lot No. I, Lot No. II
& Lot No. III inter alia secured to Anand Rathi Global Finance Limited [“ARGFL”] (Secured
Creditor), the Possession of which has been taken by the Authorised Officer of ARGFL, will
be sold by e-auction on 30
th
January 2021 on an “As is where is” & “As is what is” and
“Whatever there is” basis towards recovery of total sum of Rs. 19,76,36,581/- (Rupees
Nineteen Crores Seventy Six lakhs Thirty Six Thousand Five Hundred and Eighty One
Only) as on 31
th
December, 2020 and the contractual interest thereon and other cost and
charges till the date of realisation from Borrower/Guarantors as mentioned below:
Name of the Borrower:
Purple Estates and Holdings Private
Limited,
A Company incorporated under the Indian
Companies Act, 1956 and 2013 having CIN
No. U70102KA2006PTC040096
Registered office :
131, D-3, 2nd Floor, Devatha Plaza, Residency
Road, Bengaluru - 560025
Name of the Guarantors:
1. Mr. Thomas Mathew having
residential address at 14, Rainbow
Residency Layout, Junnasandra
Village, VarthurHobli,Bengaluru
East Taluk, Bengaluru– 560035.
2. Mrs. Betty Thomas having
residential address at 14, Rainbow
Residency Layout, Junnasandra
Village, VarthurHobli, Bengaluru
East Taluk, Bengaluru– 560035.
The under mentioned properties will be sold by “Online e-Auction through website
https://sarfaesi.auctiontiger.net on 30
th
January, 2021 for/towards recovery of Loan A/c No.
ARGFL/CF/017 an amount of total Outstanding Rs. 19,76,36,581/- (Rupees Nineteen Crores
Seventy Six lakhs Thirty Six Thousand Five Hundred and Eighty one Only) as on 31
th
December, 2020 and the contractual interest thereon and other cost and charges till the date
of realisation.
“ LOT I”
PROPERTY CONSTITUTING THE PROJECT “PURPLE WOODS”
Flats/Units mentioned in Table – 1 (below) in Purple woods Project
(i) Immovable properties constituting Survey No. 40/1 to an extent of 18 Guntas and Survey
No. 40/2 to an extent of 20 Guntas of Varanasi, Jinkethimmanahalli Village, Thambuchetti
Palya Post, Bidarahalli Hobli, Bengaluru East Taluk, Dist. Bengaluru (converted vide order
No. ALN(EBB) S.R. 80/10-11, Dated 13/4/2011 by SL, Deputy Commissioner, Bengaluru
District) and bounded on the
East by : Property of Chamaraj
West by : Property of Ramachandrappa
North by : Road
South by : Property of J. C. Narayanappa.
(ii) Immovable properties constituting Survey No. 40/1 to an extent of 10 Guntas and Survey
No. 40/2 to an extent of 20 Guntas of Varanasi, Jinkethimmanahalli Village, Thambuchetti
Palya Post, Bidarahalli Hobli, Bengaluru East Taluk, Dist. Bengaluru (converted vide order
No. ALN(EBB) S.R. 80/10-11, Dated 13/4/2011 by SL, Deputy Commissioner, Bengaluru
District.) and bounded on the:
East by : Property of Motappa
West by : Government tank nala and properties of Motappa and
Dobi Ramaiah
North by : Road
South by : Property of J. C. Narayanappa
(Area in Sq.ft.)
S.
No.
Floor
Flat Nos.
Carpet
Area
Saleable
Area
1
Ground
103
1,048
1,361
2
Ground
105
943
1,225
3
Ground
106
890
1,156
4
Ground
110
805
1,045
5
Ground
111
1,010
1,312
6
Ground
114
805
1,045
7
First
205
1,047
1,360
8
First
208
857
1,113
9
First
210
857
1,113
10
First
211
1,117
1,450
11
Second
305
1,047
1,360
12
Second
307
1,047
1,360
13
Second
317
1,047
1,360
14
Third
402
857
1,113
15
Third
408
857
1,113
16
Third
410
857
1,113
17
Third
411
1,117
1,450
18
Third
416
857
1,113
19
Third
417
1,047
1,360
20
Fourth
501
1,142
1,483
21
Fourth
502
857
1,113
22
Fourth
503
1,087
1,411
23
Fourth
504
857
1,113
24
Fourth
505
1,047
1,360
25
Fourth
507
1,047
1,360
26
Fourth
515
924
1,200
27
Fourth
523
1,171
1,521
Total
*Note: The bid amount for entire Project made by a bidder shall be offered a discounted
price of Rs. 7,35,00,000/-
Lot No. –II
.
Sr.
Nos.
Description of Properties
Reserve
Price (in Rs.)
1
Immovable property being residential apartment property (Now
bearing BBMP Khata No.18/3/4) bearing No.504, on the Fourth Floor
having super built up area of 2600 square feet with the vitrified floor in
the apartment building known as “Purple Gardens” along with a car
parking space in the basement and 936 sq. ft. of undivided share, right
and interest in the residentially converted Land admeasuring 1 Acre 1
Gunta including 3 Guntas Karab, Venkateshpura Village, Yelahanka
Hobli, Bengaluru North Taluk.
75,70,000
Lot No. – III
1
3.
Immovable property bearing residential site No. 14, bearing Old V. P.
Katha No. 1421, New Bruhat Bengaluru Mahanagara Palike, Khatha
No.1441/1421/14, in converted Survey No. 4 vide official
memorandum bearing No. BDS/ALN/ (E)VB 104/2002-03 Dated
December 18, 2002, situated in the layout called “Rainbow
Residency”, situated at Junnasandra Village, Varthur Hobli,
Bengaluru East Taluk, Bengaluru, measuring East to West 50 feet and
North to South 80 feet, totally measuring to an extent of 4000 square
feet presently coming under the revenue jurisdiction of Bruhat
Bengaluru Mahanagara Palike, with all rights, appurtenances
whatsoever whether underneath or above the surface and bounded on
the:
East by : Site Number 13
West by : Private property
North by : Private property
South by : Private property
2,99,00,000
Reserve Price
As mentioned in the table above for each unit in Lot I
and the Properties as mentioned in Lot II & Lot III.
Earnest Money Deposit
10% of the Reserve Price with respect to each unit as
mentioned in Lot I and the Reserve Price of the
Plot/Villas Lot II & Lot III.
Bid increment Amount
a. Rs.5,000/- or in such multiples as permitted by
the Secured Creditor for the units/flats as
mentioned in Lot I.
b. Rs.25,000/- or in such multiples as permitted by
the Secured Creditor for the Properties as
mentioned in Lot No.–II and Lot No.– III .
Date and Time for Inspection of
title documents and the
immovable properties mentioned
in Lot I, Lot II and Lot III.
Lot No. I on 22
th
January , 2021
(Timing 11.00 AM to 03.00 P.M.)
Lot Nos. II & III on 22
th
January , 2021
(Timing 11.00 AM to 03.00 P.M.)
[Mr. Shrinivas Hunsikatti, Phone: 08046245203,
Email ID: shrinivashunsikatti@rathi.com /
cfsupport@rathi.com]
Date and Time for submission of
Tender form along with KYC
documents / Proof of EMD etc.
28
th
January 2021 before 5.00 PM
Date & time of opening of online
offers
30
th
January 2021 at 02.00 PM to 03.00 PM
Note: The intending bidder/purchaser may visit Anand Rathi Group website www.rathi.com
for detail terms and conditions regarding auction proceedings.
This Publication is also 15 days’ notice stipulated under Rule 8(6) and 9(1) or Security Interest
(Enforcement) Rules, 2002 to the above Borrower/ Guarantors.
Date: 13
th
January, 2021 Authorised Officer
Place: Bengaluru Anand Rathi Global Finance Limited
Terms and Conditions of the E-auction are as under:
1. Auction/bidding shall only be through “online electronic mode” through the website
of the Service https://sarfaesi.auctiontiger.net M/s e-Procurement Technologies
Limited -Auction Tiger is the Service Provider which will arrange to provide the e-auction
platform.
2. The bidders may participate in e-auction for bidding with respect to a single unit or
multiple units with respect to Lot No I and/or entirely for Lot No. I. The Bidder as they
may so desire from their place of choice choose internet connectivity during the entire bid
process. ARGFL /Service Provider shall not be held responsible for the internet
connectivity, network problems, system crash down, power failure etc. Bidders bidding
for entire Lot I will have preference as compared to those who bid for individual units of
Lot I. The bid amounts are to be submitted separately for all the Lots.
3. For details, help, procedure and online training on e-auction prospective bidders may
contact the Service Provider viz M/s e-Procurement Technologies Limited -Auction Tiger
B-704, Wall Street - II, Opp. Orient Club, Nr. Gujarat College, Ellis Bridge, Ahmedabad -
380006 Gujarat (India) https://sarfaesi.auctiontiger.net, Contact Person: Mr. Ram Sharma
-6351896834, Help Line No .:079-61200559 |531, Support Mail id:
ramprasad@auctiontiger.net, support@auctiontiger.net.
4. Bidders are advised to go through the website www.rathi.com for detailed terms and
conditions of auction sale & auction application form before submitting their Bids for
taking part in the e-auction sale proceedings.
5. For participating in e-auction sale the intending bidders should register their details
with the Service Provider viz M/s. e-Procurement Technologies Limited -Auction Tiger B-
704, Wall Street - II, Opp. Orient Club, Nr. Gujarat College, Ellis Bridge, Ahmedabad -
380006 Gujarat (India) well in advance and get the User ID and password. The password
may be changed only on receiving it and login in. Bidders are required to hold digital
signature certificate for participating in the E-Auction at their own cost.
6. The immovable properties “SHALL NOT” be sold below the reserve price and the same
shall be sold on an “As is where is”, “As is what is” and “Whatever there is”.
7. The successful bidder should deposit 25% of the bid amount (including EMD) on the
next day of the sale, being knocked down in his/her/it favor and balance 75% of bid
amount within 15 days after the sale date by RTGS/NEFT/Funds Transfer to the credit of
A/C No. 00600340008138 as mentioned above, Anand Rathi Global Finance Limited,
Bangalore through IFSC Code “HDFC0000060“ or by Demand Draft /Pay Order in favor
of Anand Rathi Global Finance Limited, payable at Mumbai.
8. In case of default in payment at any stage by the successful bidder/auction purchaser
within the stipulated time, the sale will be cancelled and the amount already paid will be
forfeited and the property will be again put to sale, without any reference or recourse to
such a bidder.
9. The successful bidder shall bear the charges payable for conveyance, Registration fee,
stamp duty etc., as applicable under related laws.
10. Bids once made shall not be cancelled or withdrawn. All bids made from the user ID
given to bidder will be deemed to have been made by him/her/it only.
11. Prospective bidders are advised to peruse the copies of Title deeds with ARGFL and
verify the latest Encumbrance Certificate and other Revenue/Municipal records to
exercise due diligence and satisfy themselves on the Title and Encumbrances, if any over
the property.
12. All bidders shall be deemed to have read and understood the terms and conditions of
sale and be bound by them.
13. The Authorised Officer may postpone/cancel the e- auction without assigning any
reason therefor.
14. In case the e-Auction scheduled is postponed to a date before 15 days from the
scheduled date of sale, it will be displayed on the website of the Service Provider.
Note: The intending bidders may contact Anand Rathi Global Finance Limited for
ascertaining the details of property and also for inspection of property on the date fixed
by. ARGFL (Mr. Shrinivas Hunsikatti, Phone: +91 08046245203), Email ID:
shrinivashunsikatti@rathi.com / cfsupport@rathi.com.
Date: 13
th
January, 2021 Authorised Officer
Place: Bengaluru Anand Rathi Global Finance Limited