-Z[Azt.,r-,4* (!m .rni<'n Ba,"< .

J
<lt,.w
Asset Recovery Branch,26/28-D, Connaught Place, New Delhi-110001
(Working at M-35, First Floor, Outer Circle, Connaught Place, New Delhi - 110 001)
Email ID - arbdelhi@u n ionba nkofindia. com

Bv Speed Post
To:

M/sLalit Mining Impex Prlvate Ljmited

9, Lalit Plaza,
AnkhirBadkhal Road, Faridabad 121001

Mr. Lalit Gupta,

S/o Mr. Subhash Chand Gupta,
R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 121008

Mr. Subhash Chand Gupta,

R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 121008

Mrs. Veena Gupta,

W/o 1.4r. Subhash Chand Gupta,
R/o H. No. 1195, Sector 28
Faridabad, Haryana - 121008

lulr. Rakesh Kumar

S/o Mr. Panna Lal
R/o H No, 1651,
Near Jan Ka lya n l"la ndir,
qc.tnr 7F qc.l^r 7 F^rir''^bad

Mr. Jagjeet Singh Nara ng

S/o Mr. Kartar Singh
R/o 24/774, Swarn Path Mansarovar,
Ja ipu r Rajastha n

Dear SirlMadam,

Sub: Notice of 3O days for sale of immovable secured assets urban land belonging to
Mr.Jagjeet Singh Narangsituated at Plot no. 143, Shjv Vihar - C, Manyawas, New
Sanganer Road, Tehsil Sanganer, Jaipur, Rajasthan under Rule 8 /9 of the Security
Interest (Enforcement) Rules, 2002.

l.Union bank of fndia Asset Recovery Branch Union Bank of India 26/28 D,Connaught
Place New Delhi-11001 (working at M-35,I Floor Connaught Place New Delhi-
110001).the secured creditor, caused a demand notice dated 03.02.2020under Section
73(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
Authorized Officer, has taken possession of the immovable secured assets under Section
 73@) ot the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002,
Possession notice dated 22.09.2020 issued by the Authorized Officer, as per Appendjx IV
to the Security Interest (Enforcement)) Rules, 2002 was delivered to you and the same
was also affjxed to the properties mortgaged with the Secured Creditor, apart from
publication of the same in newspapers. Please note that as per the said demand notjce
you were informed about your right to redeem the property withjn the time available
under Section 13(8) of Securitization and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002.
2. As Lou have failed to clear the dU_es of the secured creditor. the immovable secured
assets that have been taken possession of by the Authorized Officer, will be sold by
holding public E-auction on 22,70.2021. Between 11:00 A.M To 1:00 P.t4 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 oroDosed 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 Fa ithfully

Place : New Delhi

Date:15.09.2021

Encl: Terms of sale

 TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS:

1. Name and address of the Borrower, lMls Lalit Mining Impex Private Ljmited
Co-Appljcant and G uara ntor 19. Latit ptaza.
t-.,-,,,.-
Ankhrrtsadkhal Road, Faridabad 121001
]
I

i Mr. La lit Gupta,

I S/o Mr. Subhash Chand Gupta,
i R/o H. No. 1195, Sector 28,
iFaridabad, Haryana - 121008
I

I Mr. Subhash Chand cupta,

I R/o H, No. 1195, Sector 2B,
Haryana - 121006
lFarjdabad,
M rs. Veena Gu pta,
Wo Mr. Subhash Chand Gupta,
R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 121008

Mr. Rakesh Kumar

S/o Mr. Panna Lal
R/o H No. 1651,
Near Jan Kalyan f4a ndir,
Sector 7E, Sector 7, Faridabad

Mr. Jagjeet Singh Na ra ng

S/o Mr. Kartar Singh
R/o 24/71,4, Swarn Path Mansarovar
Ja ipu r Rajastha n

2. Name and address of the Secured Asset Recovery Branch Union Bank of India
Creditor : 26/28 D,Connaught Place New Delhi-11001
(working at M-35,I Floor, Connaught place New
Delhi-110001).
| 3. Descriptjon of immovable secured assets to be Sold

All that piece oF property urban land belonging to tvlr. Jagjeet Sjngh Narang situated at
Plot no. 143, Shlv Vihar - C, Manyawas, New Sanganer Road, Tehsll Sanganer, Jalpur,
Rajasthan

and bounded by

East: Plot no. 156 & 157,

West: Road 30 feet,
North: Plot no. 744,
South: Other end

4,The details of encumbrances, if any Not known to bank,

known to the Secured Creditor
5, Last date for submission of EMD On or before commencement of e-auction.

6. Date & Time of auction 22.70.2027 between 11:00 A.M to 01:00 p.tvt.
(with 10 min unlimited auto extensions) E-
auction website-www,mstcecommerce.com.
7,The secured debt for the recovery of Rs.5,73,58,928.65 as of 03.O2.2O2O Dtus further

w
which the immovable secured asset is interest,cha r9e and expenses.
to be sold:

..-: i. iii
 S,lReserve price for the properties Rs.28.50lakhs
beiow which the immovable property
may not be sold:
8.2 EMD Paya ble Rs.2,85,000/-

9. 1. Registration
The Online E-Auction will be held through web portal/website
www. mstcecommerce.comon the date and time mentioned above with unllmited
extension of 10 minutes.

The jntendjng bidders / purchasers required to register through

httos://www. mstcecommerce. com/a uction home/ibapi/index. jso by using their mobile
number and valid email-id. They are further required to upload KyC documents and Bank
Deta ils.

9, 2, KYC Verification
On completion of registration, the intending bidders / purchasers are requlred 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 registratjon and
uploading formalities are to be completed well in advance.

9, 3, EMD Payment
On completion of KYC verification, the intendjng 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 js
not held in thelr Global Wallet, they will not be allowed to participate. payment of EMD ir,
any other mode will not be accepted.

The Earnest Money Deposit shall not bear any interest and jn case of unsuccessful bid, the
same will be returned to the unsuccessful bidder by the service provider without interest.

9.4 Bidding
The bjdder has to select the property for which offer is submitted from the list mentioned
in the above websjte and/ or bidder can directly enter Property ID (as mentjoned in
https://ibapi.in). The property will be vjsible in 'Live Auctions, on
www. mstcecom merce.com one dav prior to the date of auction.

9, 5, Help Desk
> For Registration related queries e-mail to ibapioo@mstcecom merce. com

> For EMD payment,/refund related queries e-mail to ibapiFjn @mstcecom merce. com.

> For Registration and Login and Bidding Rules visit

https://www. mstcecom merce. com/auction home/ibapi/index.jsp and Click ,'Buyer
Guide for Login and Registration"

> Intending bidders may download at free of cost/ copaes of sale notice, Terms and
Conditions of e.auction Help Manual on operational part of e-auction from e-Bkrav
- IBAPI portal (https://www. ibapi. in )
> For auction related queries e-mail to sarfaesi@ un ionba n kofindia.com or contact
Asset Recovery Branch Union Bank of India 26/28 D,Connaught place New Delhi-
11001 (working at M-35 ,I Floor Connaught Place New Delhi-110001)MrDiwaker
Chaudhary,Mobile No-99717 81L44.
> 9.6 Steps fnvolved
> Register on e-auction portal www, mstcecommerce.com. using mobile number and
iI ID.
 I
l-
> Upload requis,te KYC Documents.
I > cenerate challan and transter EMD amount to bldder'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 Bjd, request for refund to be made in the MSTC website
and refund will be made directly by the MSTC.
Bidders are advised to 90 through the website httos://www. jbapi.in, I

andwww. union ba nkofindia.co. in tenders for detailed terms and conditions of Auction Sale I

before submittinq their bids and taking part in the E-Auction sale proceedings
i

Successful bidder wjll be intimated through e-mail after the ciosing of the e-Bidding I
Process, I

1O, The intending bidders may, if they choose, after taking prior appojntment from the
Authorized Officer, inspect the jm movable/mova ble secured assets to be sold before the
date of E-Auction.

It shall be the sole responsjbility of the bidders to inspect and satisfy themselves about
the secured assets and specificatlon before submjtting 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 jn all resDects.
11. ln case of bidding the bid increment shall not be less than Rs. 50000/-in excess of
highest bjd amount or the immediate preceding bid, as the case may be with multiple
increment yalue of Rs.50000/-
12. The sale will be confirmed in favour of the highest bjdder and the confirmation of sale
shall be subject to the confirmation by the Secured Creditor.
13. Bids once made shall not be cancelied or withdrawn. The failure on the part of bidder
to comply with any of the terms and conditions of e-auction, mentioned herejn will resujt
in forfeiture of the amount paid by the bidder.
I 14, The successful bidder so declared by the Authorized Officer shall deposit 25o/o of the
I Sale Price
(inclusive of EMD) in Cash/D D/RTGS/N EFTllnternet transfer /Cheque subject to
lreaiisation, jmmediately on the sale day or not later than next workjng day wjth the
i Authorized Officer in the account bearing Number 5472019aOOSOOOO of the Authorized
lQfficer, Union Bank of Indta Branch Asset Recovery Branch, IFSC Code U BINO554 723a nd
Ithe balance 7 5a/o of Lhe Sale Price on or before l5th day of confirmatron of Sale or wjthin
I such extended period as agreed upon in writing between the secured creditor and the
lpurchaser, in any case not exceeding 3 months.
i In the event of failure to tender 25o/o (|So/o+EMD) of the sale price as per the terms of
lSale by the successful bidder, the EMD so deposited by him shall be forfeited to secured
lcreditor and the bid accepted shall stand cancelled automatically and the defaulting bidder
I shall neither have claim on the property nor on any part of the sum for which it may be
I subsequently sold.
I 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 25o/o 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 propelty nor on any part of the sum for which it may be subsequentlv sold. l

I 15. The Authorized Officer may, where the property sold is subject to any ena_rrnbrances,
I if he thinks fit, allow the purchaser to deposit with him the money required to discharge
J
the encumbrances and any interest due thereon together with such additional amount
I that may be sufficient to meet the contingencies or further costs, expenses and interesr
as may be determined by him,
On such deposit of money for discharge of encumbrances, the Authorized Officer may
issue or cause the purchaser to issue the notices to the persons interested in or entitled
to the monqy deposited with him and take steps to make the payment accordjnqlv.
16. On conFlrmation of sale by the secured creditor and if the terms of payment have
been complied with by the successful bidder, the Authorized Officer shall issue a
certificate of sale of immovable property in favour of the purchaser in Appendix-V to tne
Security Interest (Enforcement) Rules, 2002
 77. 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 appljcabje on
the sale proceeds where the sale consideration is Rs.50,00,000/- (Rupees fifty lakhs) and
above. The successful bidderlpurchaser shall deduct the TDS from the sale price and
deposit the same with the lncome Tax Department in Form No. 16-8, containing the
Bank's name and the PAN number as a seller and submjt the original receipt of the TDS
Certificate to the Bank. (Applicable foaryl4ovable property, other than Aqricultural land)
19. The Authorized Officer will deliver the property on the basis of Symbolic possessio-
taken on as is where js basjs,to the purchaser free from encumbrances, known to the
Secured Creditor on deposit of money by the purchaser towards the discharqe of such
encumbrances.
/ 20. The certificate of sale will be issued specjfjcally mentioning whether the purchaier has
lpurchased the immovable,/mova ble 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 submjtted the b id/pa rt icipated in the auction shall be entertained.

21. The unsuccessful Bidders who have deposited ElvlD shall be entitled to have the same
refunded without any jnterest immedjately after the confirmation of sale by the
Authorized officer in favour of successful bidder. The unsuccessful bidder is required to
prace request for reFund wrtn
https :,//www. mstcecommerce.com/auctionhome/ibapi/index.iso.
The EMD of unsuccessful bidders will be refunded on request to their respective A/c No. as
registered in e-Auction Portal www. mstcecom merce. com. The bidders will not be entiUed
to clajm any interest, costs, expenses and any other charqes (jf any).
22, If the Borrower were to pay to the Authorized 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 auctjon may
be cancelled by the Authorjzed Officer.
23, Bank, the Secured Creditor, reserves the right to accept / reject the highest bid
without asslqning any reason thereof or to cancel the sale.
24. In case any dispute arises as to the valjdity 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 jts sole discretion be entitled to call off the sale and put the property to sale once
aqain on any date and at suc.h time as may be decided by the Bank
25. The bank/service provider for e,auction shall not have any liability towards b idders
for any interruption or delay or technical snag in access to the srte irrespective of the
causes.
26. The above movable/im mova ble secured assets will be sold in "As is where is,,,..As
is What is" and "whatever there is" condition.
iff€-
28. 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 bl{ the proposed purchaser out of his own sources.
129. fo the best of information and knowledge of the Authorized Officer. there is no
I encumbrance on the property. However the intending bidders should make their own
I independent enquiry regarding the encumbrances, title ofthe property put to auction ano
I the claims / righfs/ dues affecting the property, prlor 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 Authorized
Officerl Secured Creditor shall not be responsjble jn any way for any third party

\p>-
claims/rig hts/dues,

PI rce : New Delhi AUTHORIZED OFFICER

Date:15.09.2021 Fol uxroN Bery( gE rNDrA
tll<t) lv ' ^t
..,]
 .2f,,>-t--,{,f- <!U, L'hro- Ba,'_'.
clr*ffi E=- *
Recovery Branch, 26/2g-D, Connaught place, New Dethi_110001
(working at M-35, Fjrst Floor, outer circre, connaught prace, New
Derhi - 110 001)
Email ID - arbdelhj@ u nion ba nkofindia.com

Bv Soeed post
To:
M/sLalit Mjnjng Impex private Limited
9, Lalit Plaza,
AnkhirBadkhal Road, Faridabad 121001

Mr. Lalit Gupta,

S/o Mr. Subhash Chand Gupta,
R/o H, No. 1195, Sector 28,
Faridabad, Haryana - 121008

Mr. Su bhash Chand Gupta,

R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 121OOB

Mrs. Veena Gupta,

ryo Mr. Subhash Chand Gupta,
R/o H. No. 1195, Sector 29,
Faridabad, Haryana - 121008

Mr. Rakesh Kumar

S/o Mr. Panna Lal
R/o H No. 1651,
Near Jan KalyanMand jr,
Sector 7E, Sector 7, Farjdabad

Mr. Jagjeet Singh Narang

S/o lvlr. Kartar Sing h
R/o 24/774,Swarn path Mansd rovar,
Ja jpur Rajasthan

Dear Sir/Madam,

Sub: Notice of 30 days for sale of jmmovable secured assets urban land
belonging to
M/s Lalit Mining Impex private Limited situated at plot no. 83/107, B Block,
Near JDA
Office, Transport Nagar, Todi Road, Sikar Road, Tehsil Amer, Jaipur,
Rajasthan under
Rule 8 /9 of the Security Interest (Enforcement) Rules, 2002.

l.Union bank of fndia Asset Recovery Branch Union Bank of lndia 2612g D,Connaughr
Place New Deihi-11001 (working at M-35,I Froor connaught prace
New Derhi-
110001).the secured creditor, caused a demand notice dated 03.o2.2o2ounder
section
l3(2) of the securitisation and Reconstruction of Financiar Assets and Enforcement
of
security Interest Act 2002, caring upon you to pay the dues within the
time stipurateo
therein. since you failed to compry with the said notice within the period stipurated,
the
Authorized officer, has taken possession of the immovable secured assets
under section
 73(4) of the Act read with Rure 8 of security Interest (Enforcement) Rures, 20o2.
Possession notice dated 22.09.2020 issued by the Authorized officer, as per Appendix IV
to the security Interest (Enforcement)) Rules, 2ao2 was delivered to you and the sarne
was also affixed to the properties mortgaged wjth 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 sectlon 13(8) of securitization and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002.

assets that have been taken possession of by the Authorized officer, will be sold by
holding public E-auction on 22.t0.2o2r Between 11:00 A.rvl To 1:00 p.M by inviting Bids
from the public through online mode on www.mstcecommerle.com.
3. You are also requested to ensure participation by parties interested in buyinq the
immovable secured assets in the sale as proposed above,
4. A copy of the terms of sale is encrosed for your reference. prease note that the
Auction will be conducted through E-Auction mode on the date and time mentioned in
the enclosed terms of sale.

Yours Fa ithfully

\
Place : New Delhi AUTHORIZED OFFICFR
Date :15.09.2021 FOR UNIdN BANK OF INDIA

Encl: Terms oF sale

 TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS;

1. Name and address of the Eorrower, I M/s Lalit lvlining Impex private Limited
Co-Applicant and Gua rantor 19, La lit Plaza,
nnliriraaOtfrat Road, Faridabad 121001
I
I

Mr. Lalit Gupta,

1
lS/o Mr. Subhash Chand Gupta,
I R/o H. No. t I95, Sector 28,
Faridabad, Haryana - 121008
]
I

I Mr. Subhash Chand Gupta,

I R/o H. No. .t195, Sector 28,
Faridabad, Haryana - t 21008
I
I

lMrs. Veena Gupta,

i W/o Mr. Subhash Chand Gupta,
I R/o H. No. 1195, Sector 28,
lFaridabad, Haryana - t 21OO8
I

J
Mr. Rakesh Kumar
I S/o Mr. Panna Lal
I n7o n ruo. rosr,
I Near Jan Kalya nMa ndir,
Sector 78, Sector 7, Faridabad
I
I Mr. Jag.;eet Singh Narang
I S/o Mr. Kartar Singh
path Mansarovar
I R/o 24/L14, Swarn
JJaipur Rajastha n

2. Name and address of the Secured I Asset Recovery Branch Unjon Bank of lndia
Creditor: 126/28 D,Connaught ptace New Delhi-11001
l(working at M-35,1 Ftoor, ConnaughL place New
lDelhi-11O001).
I 3. Description of immovable secured assets to be Sold
I
All that. piece of property urban land belonging to M/s Lalit Mining Impex private Limited
sltuated at Plot no. B3l101, B Block, Near IDA office, Transport Na9ar, Todi Road, sikar
Road, Tehsil Amer, Jaipur, Rajasthan

and bounded by

East: Plot no. 83/102,

West: Plot no. B3/70O
North: Road 13.50 MT
South: Other la nd

4.tne oetatts of encumbrances, if any Not known to ban k.

known to the Secured Creditor
5, Last date for submission of EMD On or before commencement of e-auction.

6. Date & Time of auction 22.70.202t between 11:00 A.M to 01:00 p.tr4.
(with 10 min unlimited auto extensions) E-
auction website-www.mstcecommer.e .om
7.The secured debt for the recoverv of Rs.5,73,58,928.65 as of 03.02.2020 plus further
which the immovable secured asset is interest,cha rge and expenses.
to be sold:
 8.lReserve price for the properties Rs.9,75lakhs
below which the immovable property
may not be sold:
8.2 EMD Paya ble Rs.97,5OO/-

9. 1. Registration
The Online E-Auctjon wjll be held through web portal/website
www. mstcecommerce, comon the date and time mentioned above with unlimited
extension of 10 m inutes.

The intending bjdders / purchasers required to register through

httos://www. mstcecom merce, com,/a uction hom e,/iba oi,/index.jsp by using their mobile
number and valid email-id. They are further required to upload KYC documents and Bank
Details.

i 9. 2. Verification
KYC
1o^n_completion
of registration, the intending bidders / purchasers are required to upload
lKYc documents and Bank account details. Kyc documents shall be verified by e-auction
servrce provrder whjch may take 2 to 3 working days, Hence the registration and
I
I uploading formalities are to be completed well in advance.
I

i 9, 3, EMD Payment
KYC verjfication, the intending bidders / purchasers are requjred to pay
J9.l^.9lpl"tiol.of
through
IEMD NEFT/RTGS/NET BANKING/Upl by generating a cha an through this website
hrsltheir Global EMD wallet. payment should be made within 3 days after generating
lin
ithe..challan for NEFT / RTGS otherwise the chaltan sha become invalid. ThJ payment
I shall be ensured well in advance before the strpulated time. If the required EMD amount rs
I not held in thejr clobal wallet, they will not be allowed to participate. payment of EMD in
any other mode will not be accepted.
i
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.

g,4 Bidding I

The bidder has to select the property for which offer js submitted from the |st menUoned I
in the above website and/ or bidder can directly enter property ID (as mentioned in
https://ibapi.in). The property wjll be visible in 'Live Auctjons, on I

I
www. mstceco m merce. com one day prior to the date of auction. I

9.5, Help Desk I

> For Registration related queries e-mail to ibap iop@mstcecom merce.com

I

> For EMD payment/refund related queries e-mail to ibapifin @mstcecommerce.com.

I

For Registration and Login and Bidding Rules visit

https: //www. m stcecom merce.com/auction hom e/iba oilindex..iso ,,Buyer
and Ctick
Guide for Login and Registration"

> Intending bidders may download at free of cost/ copies of sale notice, Terms and
conditions of e.auctlon Help Manual on operational part of e-aucUon from e-Bkrav
- IBAPI portal (https://www. ibapi. in )
> For auction related queries e-mail to sarfaesi@un ion ba nkofind ia. com or contact
Asset Recovery Branch Union Bank of India 26/2A D,Connaught place New Delhi-
11001 (working at M-35 ,I Floor Connaught place New Delh i- 110001)MrDiwaker
Chaudhary,Mobile No-997178n44.
> 9,6 Steps Involved
> Register on e-auction portal www. mstcecommerce.com. using mobile number and
email ID.
 > Upload requisjte KYC Documents.
> Generate challan and transfer EMD amount to bidder's global EMD Wallet.
! Submissjon of bid shall be through Onljne mode on the auctjon 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 Bjd, request for refund to be made in the MSTC website
and refund wjll be made djrectly by the MSTC.
Bidders are advised to go through the website https:/,/www.ibapi.in,
andwww. u nion ba nkofindia.co. in tenders for detailed terms and conditions of Auction Sa
l,e
before submitting their bids and takjng part in the E-Auction sale proceedings.

Successful bidder will be intimated through e-mail after the closing of the e-Bidding
Process,
1O. The intending bidders may, if they choose, after taking prjor appointment from the
Authorjzed Officer/ inspect the immova ble/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 assets and claims/ dues affectino the under Sale in all res
11, In case of bidding the bid increment shall not be less than Rs.25000/-in excess of
highest bid amount or the immediate preceding bid, as the case may be with multiple
increment value of Rs. 25000/ -
12. The sale will be confirmed in favour of the highest bidder and the confirmatron of sade-
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 or oioo;
to comply with any of the terms and conditions of e-auction, mentioned herein will result
in forfeiture of the amount oaid bv the bidder.
14. The successful bidder so dectared by the Authorized officer shall deposit 25"/" oTthe
Sale Price (inclusive of EMD) in Cash/DDlRTGS/N EFflI nternet transfer /Cheque subiect to
realisation, immediately on the sale day or not later than next working day with the
Authorized officer in the account bearing Number s4720l98oo5oooo of the Authorized
officcr, Union Bank of India Branch Asset Recovery Branch, IFSC codeuBrN 0554 723a nd
the balance 7 5o/o 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 25ok (t5o/o+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 secureo
creditor and the bld 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 mav be
subseouentlv 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 25o/o of the amount of sale price made shall be forfeited and ihe
property shall forthwith be sold again and the defaulting purchaser shall neither have
claim on the pro rt of the sum for which it mav be
15' The Authorized 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 amou;t
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 Authorized officer mav
issue or cause the purchaser to issue the notices to the persons interested in or entitled
deposited with him and take to make the
16' on confirmation of sale by the secured creditor and if the terms or payment r:ave
been complied with by the successful bidder, the Authorized officer shall issue a
certlficate 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
thqlgg! e! qplllqqle shall be borne by the successful bidder only.
18, As per Section 194-IA of the Income Tax Act 1961, TDS @ 1olo will be applicable o;
the sale proceeds where the sale consjderation is Rs.50,00,000/- (Rupees fifty lakhs) and
above. The successful bidder/ purchaser shall deduct the TDS from the sale prjce and
deposit the same with the Income Tax Department in Form No. 16-8, containing the
Bank's name and the PAN number as a seller and submit the origjnal receipt of the TDS
Ceftificate to the Bank. icable for immovable other tha n ultural land
19. The Authorized Officer will deliver the property on the basis of Symbolic possesji-
taken on as is where is basis,to the purchaser free from encumbTances, known to the
Secured Creditor on deposit of money by the purchaser towards the discharqe of such

20. The certificate of sale will be issued specifically mentioning whether the purchaser ha-
purchased the im movable/mova ble 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 submjtted the bidlpa rt ic ipated in the auction shall be entertained.

21. The unsuccessful Bidders who have deposited EMD shall be enti ed to have the samE
refunded without any jnterest immedjately after the confirmation of sale by the
Authorized officer in Favour of successful bidder. The unsuccessful bidder is required to
place request for refund wjth
https://www. mstceco m merce. com/a uction home/ibapi/index.JSB-
The EMD of unsuccessful bidders will be refunded on request to their respective A/c No. as
registered in e-Auction Portal www. mstcecom merce.com. The bidders wlll not be entitled
to claim any interest, costs and any other charqes (if
22, If the Borrower were to pay to the Authorized Officer the entire amount due, with tfre
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 Authorized Officer.
23. Bank, the Secured Creditor, reserves the right to accept / reject the highest bid
without assigninq 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, F[4D or as to
the eligibjlity of the bidder, authority of the person representing the bidder, the
interpretation and decision of the Bank shall be final. In such an eventualitv. the Bank
shall in its sole discretion be entitled to call off the sale and put the property to sale once
ain on any date and at such time as may be decided bv the Bank
25. The bank,/service provider for e-auction shall not have any liability towards bjdders
for any jnterruption or delay or technical snag in access to the site irrespective of the
ca u ses.
26. The above movable/im movable secured assets will be sold in "As is where is,;,)s
is What is" and "whatever there is" condition.

28, The entire sale consideration shall be exclusively available for approprjation towards
dues to the Bank and it is exclusive of encumbrances of all statutory dues and other dues
if any, shall be settled bv the er out of his own sources.
29. To the best of information and knowledge of the Authorized Officer, there is no
encumbrance on the property. However the intending bidders should make thejr 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 anv
commitment or any representation of the Bank to sell the property. The Authorized
Officerl Secured Creditor shall not be responsible in any way for any third party

Place :New Delhi

Date:15.09.2021 FOR UNION BANK OF INDIA
 <g[Dcz-t.,,-I.t efr) Lt,t;on eat3x.
<r, !.t:j:a F*"---El
Asset Recovery Branch,26/28-D, Connaught place, New Delhi-11OOO1
(Working at M-35, First Floor, Outer Circle, Connaught place, New Delhi - 110 OO1)
Email ID - a rbdelh i@ u nion ba nkofind ja.com

Bv Speed Post
To:

M/sLalit Mining Impex Prjvate Limited

9, Lalit Plaza,
AnkhirBadkhal Road, Faridabad 121001

Mr. La lit Gupta,

S/o lr4r. Subhash Chand Gupta,
R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 121008

Mr. Su bhash Chand Gupta,

R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 727OOB

Mrs.Veena Gupta,
Wo Mr. Subhash Chand Gupta,
R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 121008

Mr. Rakesh Kumar

S/o Mr. Panna Lal
R/o H No. 1651,
Near Jan Ka lya n Mand ir,
Sector 7E, Sector 7, Faridabad

Mr. Jagjeet Singh Na ran g

S/o lvlr. Kartar Singh
R/o 2a/I14, Swarn Path Mansarovar,
Jaipur Rajastha n

Dear Sirll''ladam,

Sub: Notlce of 3O days for sale of immovable secured assets urban land belonging to
M/s Lalit Mining lmpex Private Limited situated at plot no. 83/222, B Block, Near JDA
Office, Transport Nagar, Todi Road, Sikar Road, Tehsjl Amer, Jaipur. Rajasthan under
Rule 8 /9 of the Security Interest (Enforcement) Rules, 2002.

l.Union bank of fndia Asset Recovery Branch Union Bank of India 26/2g D,Connaught
Place New Delhi-11001 (working at M-35,I Floor Connaught place New Delhi-
110001).the secured creditor, caused a demand notice dated 03.02.2020under 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
Authorized officer, has taken possession of the immovable secured assets under section
 73(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002.
Possession notice dated 22.09,2020 issued by the Authorized Officer, as per
Appendix IV
to the security rnterest (Enforcement)) Rures, 2002 was derivered to you and the same
was also afflxed to the properties mortgaged with the secured creditor, apart from
publication of the same in newspapers. prease note that as per the said
demand notice
you were informed about your right to redeem the property within the
time avairabre
under section 13(B) of securitization and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002.

assets that have been taken possession of by the Authorized officer, wi|| be sord
by
holding public E-auction on 22.7O.2027 Between 11:OO A.M To 1:OO p.M by invtting
Bids
from the public through online mode on www. mstcecom merce, com.
3 You are also requested to ensure participation by parties interested in buyinq 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.

Place :New Delhi AUTHORI.ZED OFFICER

Date:15.09.2021 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, I M/s Lalit Mining Impex private Limited
Co-Applicant and Gua rantor 19, La lit Plaza,
antnireaOtnal Road, Faridabad 121001
I
I

i Mr. Lalit Gupta,

14r. Subhash Chand Gupta,
lS/o
I R/o H. No. 1195, Sector 28,
Haryana - 121008
lFaridabad,
i

i Mr. Subhash Chand Gupta,

I R/o H. No. 1195, Sector 28,
Faridabad, Haryana - 121008
I
l

I I'lrs. Veena Gupta,

lW/o Mr. Subhash Chand cupta,
I R/o H. No. 1195, Sector 28,
lFaridabad, Haryana - 121008
I
Mr. Rakesh Kumar
J
I S/o Mr. Panna Lal
I n/o H ruo. rosr,
I Near Jan Kalya n l'1a ndir,
i Sector 7E, Sector 7, Faridabad
I

I Mr. Jagjeet Singh Narang

I S/o l'1r. Kartar Sinqh
I a1o Z+1tt+, Swarn- path Mansarovar
llaipur Rajastha n

2. Name and address of the Secured Asset Recovery Branch Unjon Bank of India
Creditor: 26/28 D,Connaught Place New Delhi-11001
(working at M-35,I Floor, Connaught place New
Delhi-110001).
I 3. Description of immovable secured assets to be Sold
I

All that piece of property urban land belonging to M/s Lalit N4ining Impex private Limited
situated at Plot no. 83/222, B Block, Near IDA Office, Transport Nagar, Todi Road, Sikar
Road, Tehsjl Amer, Jajpur, Rajasthan

and bounded by

East: Plot no. 83/265,

West: Road 36 MT
North: Plot no, 83/223
South: Plot no. 83/271

4. Ine details of encumbrances, if any Not known to bank,

8!pwn to the Secured Creditor
5. Last date for submission of EMD On or before commencement oF e-auction.

6. Date & Time of auction 22.10.202L between 11:00 A.M to 01:00 p.M.
(with 10 min unlimited auto extensions) E-
auction website-www. mstcecom merce. com,
7.The secured debt for the recoverv of Rs.5,73,58,928.65 as of 03.02.2020 ptus further
which the immovable secured asset is interest,cha rge and expenses.
to be sold:

)F
 S.lReserve price for the propertjes Rs.27.5Olakhs
below whjch the immovable property
not be sold:
8.2 EMD Payable Rs.2,75,000/-

9. 1, Registration
The Online E-Auction will be held through web portal/website
www. mstcecom merce. comon the date and time mentioned above with unlimited
extension of 10 minutes.

The intending bidders / purchasers required to register through

https://www. mstcecom merce. comla uction home/ibap j,/index. isp by using their mobile
number and valid email-id. They are further required to upload KYC documents and Bank
Deta ils.

9, 2. KYC Verification
On completion of registration, the intending bidders / purchasers are required to upload
KYC documents and Bank account detajls. KYC documents shall be verified by e-auction
servjce provider whjch may take 2 to 3 working days. Hence the registratjon 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 E14D amount is
not held in their Global Wailet, they will not be allowed to participate. Payment of EMD in
any other mode wjll 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 jnterest,

9,4 Bidding
The bjdder has to select the property for which offer is submitted from the list mentjoned
in the above websjte and/ or bidder can djrectly enter Property ID (as mentioned in
https://jbapi.in). The property will be visible in 'Live Auctions' on
www. mstcecom merce. com one dav orior to the date of auction.

9. 5, Help Desk
> For Registration related queries e-mail to ibapiop@mstceco m merce. com

> For El4D payment/refund related queries e-mail to iba pifin @mstcecom merce. com.

> For Registration and Login and Bidding Rules visit

https:/,/www. mstcecom merce. com,/a uction home/ibapi,/index. isp and Click "Buyer
Guide for Login and Registration"

> Intending bidders may download at free of cost, copjes 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 sarfaesi@ un ionba nkofindia.com or contact
Asset Recovery Branch Union Bank of India 26/28 D ,Connaught Place New Delhi-
11001 (working at M-35 .I Floor Connaught Place New Delh i- 110001)MrDiwaker
Chaudhary,Mobile No-9971787744.
> 9.6 Steps Involved
> Register on e-auction portal www. mstcecommerce.com. using
email iD.
 i > Upload requisjte KYC Documents.
I > Generate challan and transfer EMD amount to bidder's global EMD Wallet.
| > Submission of brd shall be through Onljne mode on the auction date and tjme.
I > In case of successFul Bid, the balance bjd amount to be paid as per the terms as
I mentioned hereunder.
I > h case of unsuccessful Bid, request for refund to be made in the MSTC website
I and refund will be made drrectly by the MSTC.
I Bidders are advlsed to 9o through the websjte https://www.ibapj.in,
J andwww.unionbankofindra.co.rn tenders for detailed terms and condrtions of Auctron Sale
before submitting their bids and taking part in the E-Auction sale proceedings.

Successful bidder wjll be intimated through e-mail after the closing of the e-Bidding
Process.
1O. The intending bidders may, if they choose, after taking prior appointment from the
Authorized Officer, inspect the jm movable/mova ble 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 partjcipation by any
person or corporate it shall be deemed that the bidders have fully satisfjed themselves as
to the assets and claims/ dues affectinq the pro u nder Sale in all
11. In case of bidding the bid increment shall not be less than Rs. 50000/-in excess of
highest bid amount or the immediate preceding bid, as the case may be with multiple
increment valuqqf Rs.50000/-
12. The sale will be confirmed in favour of the highest bidder and the confirmation of sale
shall be subject to the conflrmation 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.
I 14, The successful bidder so declared by the Authorized Officer shall deposit 25o/o of the
I Sale Price (inclusive of EMD) in Cash/DDlRTGS/N EFTlInte rnet transfer,/Cheque subject to
jreaiisation, immediately on the sale day or not later than next working day wjth the
I Authorized Offrcer rn the account bearing Number 547201980O5OOOO of the Authorized
I Qfticer, Union Bank of India Branch Asset Recovery Branch, IFSC CodeUBI NOS547 23a nd
I the balance 7 5o/o of the Sale Plce on or belore 15th day of confirmation of Sale or withrn
I such extended period as agreed upon in writing between the secured creditor and tne
I purchaser, in any case not exceeding 3 months.
I In the event of failure to tender 25a/o (1.5o/o+EMD) of the sale price as per the terms of
lSale by the successful bidder, the EMD so deposited by him shall be forfeited to secured
I creditor and the bid accepted shall stand cancelied automatically and the defaulting bidder
I shall neither have claim on the property nor on any part of the sum for whlch it-may be
I subseq uently sold.
i In default of payment of balance amount of purchase price before 15 days from the date
I of confirmation of sale by the Secured Creditor or such extended period as mav be
mutually agreed upon between the secured creditor and the purchaser (not exceeding 3
months) the deposit of 25o/o of the amount of sale price made shall be forfejted and the
property shall forthwith be sold again and the defaulting purchaser shall nelther have
jllrm on the property nor on any part of the sum for which it may be subsequentlv sold.
I 15. The Authorized Officer may, where the property sold is subject to any encumbrances,
j if he thinks fit, allow the purchaser to deposit with him the money required to discharge
I the encumbrances and any interest due thereon together with such additional amount
Ithat may be sufficient to meet the contingencies or further costs, expenses and interest
I as may be determined by him.
On such deposit of money for discharge of encumbrances, the Authorized Officer may
issue or cause the purchaser to issue the notices to the persons interested in or entitled
to the money deposiLed with him and take steps to make the payment accordjnqly. l

16. On confirmation of sale by the secured creditor and if the terms of payment have
been complied with by the successful bidder, the Authorized 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
 L7. Legal charges for conveyance, stamp duty, registration charges and other incidentt
charges as applicable shall be borne by the successful bjdder onlv.
18. As per section 194-IA of the Income Tax Act 1961, TDS @ 1olo 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 orice and
deposit the same with the Income Tax Department in Form No. 16-8, containjng the
Bank's name and the PAN number as a seller and submit the original receipt of the TDS
Certificate to the Bank. licable for immovable other than Aqricultural land
19. The Authorized officer will deliver the property on the basis of symbolic- pollessi6n
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 discharqe of such
encumbra nces,
20' The certificate of sale will be issued specifically mentioning whether the purchaser has
purchased the im mova ble/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 bidlparticipated in the auction shall be entertained.

21. The unsuccessful Bidders who have deposited EMD shall be entitled to have the sarne
refunded without any interest immediately after the confirmation of sale bv the
Authorized offlcer in favour of successful bidder. The unsuccessful brdder rs requrred to
place request for refund with
https: /,/www. mstcecom merce. com,/auction hom e,/ibapilindex. iso.
The ElvlD 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 entitied
to claim any lnterest, costs nses and anv other cha
22' lf the Borrower were to pay to the Authorized officer the entire amount due, witn tire
up-to-date expenses including the expenses / charges / cost jn taking possession and
conducting the sale, to the secured creditor before e-Auction, the sale by E auction mav
be cancelled by the Authorized Officer.
23, Bank, the Secured Creditor, reserves the right to accept / reject the nignest OrO
without assiqninq 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 js to
the eligjbility of the bidder, authorjty of the person representing the bidder, the
interpretation and decision of the Bank shall be final. In such an eventualitv, the Bank
shall in its sole discretion be entitled to cali off the sale and put the property to sale once
in on any date and at such time as may be decided bv the Bank
25. The bank/service provider for e auction shall not have any liabjlity towards bjdders
for any interruption or delay or technical snag in access to the site irrespectjve of the
cauSes,
26. The above movable/im movable secured assets will be sold in ..as is where is-, *as
is What is" and "whatever there is" condition.

28. 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 Authorized Officer, there ij 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 Authorized
Officerl Secured Creditor shall not be responsible in any way for any third party
claims,/rio hts/dues.

Place:New Delhi AUTH OFFICER

Date;15.09.2021 FOR UNI BANK OF INDIA