DEEPALI CHOWK
J.GF-287,
TARUN ENCLAVE PITAMPURA NEW DELHI-110034
By Regd Post & Courier
To:
1. M/s Shen Impex, Prop: Mr. Jatin Batra,
E-128, Sector-5, Bawana Industrial area,
North West Delhi Delhi-110039
2. Mr. Jatin batra S/o Rakesh Batra
H no: 93, Pocket-12, Sector-24, Rohini, Delhi-110085
3. Shri. Rakesh Batra, H no: 93, Pocket-12, Sector-24, Rohini, Delhi-110085
Dear Sir/Madam,
Sub: Notice of 15 days for sale of immovable secured assets under Rule 8 of the
Security Interest (Enforcement) Rules, 2002.
Union Bank of India, Deepali Chowk ,GF 287, Tarun Enclave , Pitampura New Delhi-
110034 the secured creditor, caused a demand notice dated 06.05.2021 under
Section 13(2) of the Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act 2002, calling upon you to pay the dues 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 06.04.2022 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 https://baanknet.com
1. 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
Classification: Internal
public E-auction on 14.08.2025 (Date of Auction) from 12:00 Noon to 05:00 PM pm by
inviting Bids from the public through online mode on .
2. You are also requested to ensure participation by parties interested in buying the
immovable secured assets in the sale as proposed above.
3. 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: New Delhi
Date: 22.07.2025 AUTHORISED OFFICER
FOR UNION BANK OF INDIA
Encl: Terms of sale
Classification: Internal
TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS
1. Name and address of the Borrower Borrower:
M/s Shen Impex, Prop: Mr. Jatin Batra, E-128,
Sector-5, Bawana Industrial area, North West
Delhi Delhi-110039
Mr. Jatin Batra S/o Rakesh Batra, H no: 93,
Pocket-12, Sector-24, Rohini, Delhi-110085
Name and address of the Co-Applicant NA
Name and address of the Guarantor 1. Guarantor:
Shri. Rakesh Batra, H no: 93, Pocket-12, Sector-
24, Rohini, Delhi-110085,
2. Name and address of the Secured
Creditor UNION BANK OF INDIA DEEPALI CHOWK BRANCH
GF-287, TARUN ENCLAVE PITAMPURA NEW DELHI-110034
3. Description of immovable secured assets to be Sold: -
All that piece and parcel of.
Entire third floor only(with roof/terrace rights) part of four storied built up free hold property
bearing no: 93, pocket-12, Area measuring 60.00 sq. mtrs, in sector-24, situated in the layout
plan of Rohini residential scheme, delhi-110085 in the name of Mr. Jatin Batra S/o Shri Rakesh
Batra. Boundaries: East: Entry West: Plot no: 86, North: Plot no: 94, South: Plot no: 92.
4.The details of encumbrances, if any NIL
known to the Secured Creditor
5. Details of Stay / Status Quo NIL
/Litigation pending against the
property, if any, known to the secured
creditor in Courts/Tribunals etc.,
6. Last Date & Time for submission of EMD shall be deposited and Linked/Map the EMD amount
EMD with the Property ID before End Time of Auction as per
clause 7 below.
It is advisable to deposit and Link / Map the EMD amount
with the property ID well in advance to avoid any technical
glitch.
7. Date & Time of auction 14-08-2025, Thursday from 12:00Noon to 05:00PM
(with 10 minutes unlimited auto extensions)
E-auction website- https://baanknet.com
8.The secured debt for the recovery of Rs. 15.84 Lacs together with interest as per
which the immovable secured asset is to contractual rate
be sold:
Classification: Internal
9.1. Reserve price for the property / Rs 40,00,000.00(Rupees Forty Lakhs only)
Properties below which the property
will not be sold:
9.2. EMD Payable 10% of the Reserve Price mentioned above.
10.1. Registration
The Online E-Auction will be held through web portal/website https://baanknet.com on the date
and time mentioned above with unlimited extension of 10 minutes. The intending bidders/
purchasers are required to register through https://baanknet.com (Buyer Registration – link provided
in the home page of the website) by using their mobile number and valid email-id. The intending
bidders / purchasers can be guided by the Buyer Manual provided in the home page of the website
10.2. KYC Verification
While registering as buyers/bidders, the intending bidders / purchasers are required to upload KYC
documents and Bank account details. Further, for approval of the KYC documents the bidders/
purchasers should have “Digi Locker” facility. Registration formalities shall be completed well in
advance.
10. 3. EMD Payment
On completion of KYC verification, the intending bidders / purchasers may login and make the EMD
payment. For EMD payment intending bidders/purchasers can be guided by the buyer manual
provided therein after login as buyer. Payment can be made through payment gateway and also by
way of creating challans and deposit the amount in the wallet. The payment shall be ensured well
in advance before the stipulated time. If the required EMD amount is not linked with the property ID
from the wallet of the bidder/ purchaser ID, the intending bidder / purchaser will not be allowed to
bid the property.
10.4 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.
10.5. Help Desk
➢ For queries contact Number: 8291220220 & email ID
[email protected] ➢ For Registration and Login and Bidding Rules visit Buyer Manual link provided in the home
page of https://baanknet.com
➢ For auction related queries e-mail to
[email protected].. or contact
Union Bank of India, Deepali Chowk Branch or +91 7827325422
10.6 Steps Involved
➢ Register on https://baanknet.com using mobile number and email ID.
➢ Upload requisite KYC Documents.
➢ Pay EMD amount by Payment Gateways and also by Generate(ing) challan and transfer EMD
amount to bidder’s EMD Wallet.
➢ Link/ Map the EMD amount with the property ID from the wallet of the bidder/ purchaser ID
➢ 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.
Bidders are advised to go through the website: https://baanknet.com and
https://www.unionbankofindia.co.in/auction-property/view-auction-property.aspx for detailed terms
Classification: Internal
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 by PSB Alliance Pvt. Ltd after the
closing of the e-Bidding Process.
11. The intending bidders/purchasers 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 bidder 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 bidder have fully satisfied themselves as to the property
/assets and claims/ dues affecting the property under Sale in all respects.
12. In case of bidding the bid increment shall not be less than Rs 10,000/- in excess of highest bid
amount or the immediate preceding bid, as the case may be with multiple increment value of
Rs.10,000/-.
(b) Invariably, the first bid of the property/ies will be Reserve Price + one Increment. This amount
will be the minimum bid amount to participate in bidding process.
13. 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.
14. 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.
15. The successful bidder so declared by the Authorised Officer shall deposit 25% of the Sale Price
(inclusive of EMD), immediately on the sale day or not later than next working day with the Bank in
the account bearing Number 171911980050000 of the AUTHORISED OFFICER, Union Bank of India
Deepali Chowk Branch , IFSC CODE UBIN0817198and the balance 75% of the Sale Price on or before
15th 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 the bidder 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 amount already deposited by the auction purchaser 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.
16. 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.
17. 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.
18. Legal charges for conveyance, stamp duty, registration charges and other incidental charges as
applicable shall be borne by the successful bidder only.
19. As per provision of Section 194-IA of Income Tax Act, 1961, TDS @ 1 % will be applicable
Classification: Internal
on the sale proceeds or stamp duty value of such property, whichever is higher, where either sale
proceeds or stamp duty value 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 quoting Bank’s name and PAN as a seller and submit the original receipt of the TDS
certificate to the Bank (Applicable for immovable property, other than Agricultural land).
In case of movable/plant & machinery/stocks/goods etc. GST charges will be applicable as per the
prescribed norms over & above the sale price.
20. The Authorised Officer will deliver the property on the basis of 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.
21. 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.
22. 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://baanknet.com The bidders will not be entitled to claim any interest, costs, expenses and
any other charges (if any).
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 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, maintenance charges and other
dues/charges if any, shall be settled by the proposed purchaser out of his own sources.
28. To the best of information and knowledge of the Authorised Officer, there is no encumbrance on
the property except as stated above in point No.4 & 5. 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 : Delhi
Date : 22-07-2025 AUTHORISED OFFICER
Classification: Internal
