Abhyudaya Bank Auction Property

Will you please provide the detailed information regarding the terms and conditions for auction sale of Abhyudaya Co-operative Bank Ltd. ?

[Rajkumar Agarwal]

Abhyudaya Co-operative Bank Ltd since 1965is an urban multi-state Cooperative banking institution.

It is located at Mumbai, India.

Terms and Conditions for Auction Sale :-

• The Tender can be obtained on payment of Rs. 100/- each, The EMD for each property is 10% of Reserve Price.

• Tenders shall be submitted in sealed cover along with Bank Draft for the EMD in favor of Abhyudaya Co-op. Bank Ltd., to the Authorized Officer at Abhyudaya Co-op. Bank Ltd., Jaymangal House, Near Gandhigram Rly Station. Ellisbridge, Ahmedabad-380009.

• Tenders quoted above the reserve price will only be considered.

• The Borrower(s) may bring prospective bidders and may also remain present at the time of opening of Tenders .

• The Successful bidder must deposit 25% of the sale price immediately at the time of sale .

• 75% amount within 15 days from confirmation of sale

• Statutory dues like Society Dues, Electricity dues , property Tax, etc. and any other dues if any to be ascertained and borne by the tenderers/

• The Borrower shall be at liberty to redeem property from Mortgage charge before auction
.
• Dispute if any shall be within the jurisdictions of Ahmedabad court only.

• Tenders must submit photo ID along with Tender Form.



Contact Details :
Abhyudaya Bank Head-Office : K.K.Tower, Abhyudaya Bank Lane. off G. D. Ambekar Marg, Parel Village, Mumbai-400 012 Tel. : 022-24180961 / 24180962 / 24180963 / 24180964

Hello sir I want to know what are the terms and condition for Abhyudaya Bank Auction Property sale so here can you please give me details ?

[pawan]

Hey as Abhyudaya Co-operative Bank Ltd is an urban multi-state Cooperative banking institution based in Maharashtra, India and operating as a co-operative bank since 1965

Terms and conditions

The Offer/Tender Forms are available and the same can be obtained on payment of Rs. 100/- each, The EMD for each property is 10% of Reserve Price.

Tenders/Offers in prescribed form for each property separately, shall be submitted in sealed cover along with Bank Draft/Pay Order for the EMD in favor of Abhyudaya Co-op. Bank Ltd., to the Authorized Officer. at Abhyudaya Co-op. Bank Ltd., Jaymangal House, Near Gandhigram Rly Station. Ellisbridge, Ahmedabad-380009.


The Mortgagor(s) / Borrower(s) / Guarantor(S) may bring prospective bidders/offerers and may also remain present at the time of opening of Tenders

The Successful bidder should deposit 25% of the sale price immediately at the time of sale and balance 75% amount within 15 days from confirmation of sale, failing which the bank shall forfeit the amount already paid by the successful bidder and properties will be forthwith sold again.


Statutory dues like property Tax, Society Dues, Electricity dues etc. and any other dues if any to be ascertained and borne by the tenderers/ offerers.

The Authorized Officer reserves the right to reject any or all tenders and/ or postpone the date and time of opening the tenders or sale confirmation, without giving any reason there of.

This publication is also statutory notice of 30 days to the borrowers/owners of the respective properties

The Borrower/Guarantors shall be at liberty to redeem the property from the Mortgage charge before auction.

Dispute if any shall be within the jurisdictions of Ahmedabad court only.

Tenders should submit photo ID along with Tender Form.