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Governrnent of India qR-dsas'R
Ministry of Einance
Debts Recovery Tribunal_If F-fHlTdq
-_ 3'd Floor, Bhikh,.riirui Cf,.rnu"i",, xuroq'frorf!-ow-rr
Near Kochrab Ashram, paIdl, Ahmedabad ffsrcrdr,flrgqr{N,
cuj arat otiffEsrwc-+qrg qrc$, srrrErqr<, gsrkl

FORM NO. 2Z (ea

[See Rule 52 (1) (z) of the seion;t;;;;io riv n.i,
A^r r^-.
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INSTITUTIONS ACT,'1993
,?i^fi.i,.lii

R.P. No.8g/2OtO in (O.A.No. tgz/zoot)

ICICI Bank Ltd V/s Vision Organics Lta.
To,
CD No.01 Vision Organics Ltd.
A/2, ..Swag
at, B/h Overseas Avenue,
Nr. Nathubhai Centre, Race Course
C.D.No, 02 Shri Jatin Hiralal Shai Circle, Vadodara
C,D,No. 03 Nayanaben J. Shah
(02 & 03 r/o 27/Zg, Niltarang
Society, New Sama Road,
Vadodara _390 OO8)
C.D.No. 04 M/s AIMS Chemicats'pvt.
Ltd.
A/2, "Swagat,B/h Overseas Avenue,
Nr. Nathubhai Centre, Race Course Circle,
Vadodara

&
Rl{!g No. 8el2o10 in (o.A.No. 274lzoot)
IDBI Bank Ltd. V/s vijion oig;ics Lta.
To,
CD No.01 Vision Organics Ltd.
A/2, .'Swag at, B/h Overseas Avenue,
Nr. Nathubhai Centre, Race Courss'Circle,
C.D,No. 02 Shri Jatin Hiratat Shai Vadodara
C.D.No. 03 Nayanaben J. Shah
(02 & 03 rlo 27/29, Niltarang
' Vadodara _390 00g)
Society, New Sama Road,
C.D,No. 04 M/s AIMS Chemicats'pvt.
Ltd.
A/2, ..Swag at, Bfh Overseas Avenue,
,X1 ve,,Lrs,
^qLc LUUfSe Llfcle, VadC
z.\ &
)

' .. .
\.-'i,^,
,,..,
RP/RC No. 9ol2o10 in (o.A.No.
3OO/2OO1)
Bank of Baroda V/s Vision Orginics
Tb, Ltd.
CD No.01 Vision Organics Ltd.
A/2, .,Swag at, B/h Overseas Avenue,
Nr. Nathubhai Centre, Race Course
Circle, Vadodara
C.D.No. 02 Shri Jatin Hiralal Shah
C,D.No. 03 Nayanaben J. Shah
(02 & 03 rlo 27/29, Niltarang Society,
New Sama Road,
Vadodara _390 008)
 C.D.No. 04 Mls AIMS Chemicals Pvt. Ltd'
A/2, "Swa gat" B/h Overseas Avenue,
Nr' Nathubhai Centre, Race Course Circle' Vadodara
&

RP/Rc No. 91/2010 in (O.A'No' 326/2001)

Bank of Baroda V/s Vision Organics Ltd'
To,
CD No.01 Vision Organics Ltd.
A/2, "Swa gat" B/h Overseas Avenue,
Nr. Nathuthai Centre, Race Course Circle, Vadodara
C.D.No. 02 Shri Jatin Hiralal Shah
C.D.No. 03 NaYanaben l. Shah
(02 & 03 r/o 27128, Niltarang Society, New Sama Road'
Vadodara -390 008)
C.D,No. 04 M/s AIMS Chemicals Pvt. Ltd'
A/2, "Swagat" B/h Overseas Avenue,
Nr.NathubhaiCentre,RaceCourseCircle,Vadodara

The above mentioned cDs have failed to pay, the outstanding dues of
Rs'

3L,27,45,537.35 only to lclcl Bank in oA No. tg2lol, Rs' 9,09,39,473'85

to lDBl Bank in

OA. No.274101, Rs. 8,!3,72,!07.00 and Rs' 10,98,53,114'00 to Bank

of Baroda in
in terms of judgment
o.A.No.300/01 and oA No. 326/OL respectively, including interest
and decree dated L7/09 /I}to ( less recovery, if any) as per my order dated
mentioned property (s)will be sold by public e-auction in the
2510512022 the under
aforementioned matter. The auction sale will be held through "online
e-auction"

Website: https://drt.auctiontiger.net.

EMD too/o (in

Description of the ProPerties
Rs.) or Rounded
off

Rs.285.00 Lakhs/- Rs.285.00 Lakhs Rs.28.50 Lakhs

All that piece and land as Plot No. 4719
in the Ankleshwar Industrial Area/Estate
consisting of revenue Survey No. 326
paiki and 356/3 paiki with in the village
limits of Piraman , Opp. SPC Life Science
& BSNL Bhawan Ficom Chokdi, Taluka-
Ankleshwar, GIDC, Ankleshwar, Dist'

ft&. Block No. 27128 Nn Tarang SocietY,

besides GIPCL Guest House, Near Amar

Complex, New Sama Road, Vadodara

as per details as under:

EMD shall be deposited by through RTGS/NEFT in the account

1) The bid increase amount will beRs. 50,000/-for lot no'

01 & 02
provider M/s E-
2\ 2l Prospective bidders may avail online training from service
procurement Technologies ria. (ret Helpline No. - 079 940005416/17lLBlL9 | and
Mr.RamSharma(MobiteNo.09978591888),HelplineE-maillD:
support@auctiontiger'net and for any property
related queries may contact
officer' BoB
Mi.Rohit Vora ( Mob No. 7874089797), Authorised
 3) Prospective bidders are advised to visit website https://www.drt.auctiontiger.net
or https:drt.gov.infront/auction-notice.php for detailed terms & conditions and
procedure of sale before submitting their bids.
4) The prospective bidders are advised to adhere payment schedule of 25o/o (minus
EMD) immediately after fall of hammer/close of auction and 75o/o within 15 days
from the date of auction and if 15th day is Sunday or other Holiday, then on
immediate next first bank working day. No request for extension will be entertained.
5)The properties are being put to sale on "as is where is", "as is what is" and "as is
whatever" basis and prospective buyers are advised to carry out due diligence
properly.
6) Schedule of auction is as under:-
SCHEDULE OF AUCTION

1. Inspection of Property 21.06.2022

Ralrilaan I 1 OOam t6 ? On nm

2. Last date of receiving bids alongwith ta.o7.2022 upto 05.00 pm

earnest money and uploading documents
including proof of payment made

3. E-Auction 19.o7,2022 between 12.00pm to 01.30 pm (with auto

extension clause of 3 minutes till e-auction ends )

ilYA
I ;), ...
.
Recovery Officer
r1. l Debts Recovery Tribu nal-ll,
i' Ahmedabad
 TERMS ANo cSrypryf"g&g.qr s4fE

1. The property shall be sold "A$ 15 l/llHEfiE 8Asts" and

shall bl sub.;ect to other terms and
condltlons as publrshed on the offrclal website of the e-auction
'2' All the payments shail be rnade throu6h RT65/NErr
agency.
In the account details of which are
glven ln the sate notice.
3, The Bid lncrease amount shall he as mentloned rn the public
sare Notrce.
4' The hlghest bld recelved shall become the base pri.. tor,rlnt parilcular property
"*tioh
and bldders shall he allowsd to increas* the bids beyond
that amount and the amount
by whlch eaEh bld ls to he as mentloned ln the sale notice.
I

5, Any person, unless may submtt bid which shiall be accompanled by the
-dlsquallfled,
earnest money not less than 10or'o of the reserve prlce or
ap prescrlbed rn augtron s;ie
notlce as decldnd by the Recovery officer and uploadeu on
[r.,* website, The amount ln
the case of the successful bidder shall be adjusted to*araf the
conslderalon amount
and ln case of unsuccessful bldders, the same shall be returned
at the close of the
Auctlon to all concerned through RTGS/NEFT ln the *1*."...ounts
from whlch
transactlon ls made to deposlt the EMD. The prospecilve
are also advlsed to
give complete detalls of thelr accounts, fldders
6' The highert bidder shatl have to deposit ts$ of
his ftnal btd fimount after adJustment of
EMD alreadv paia, trumronrFlflffiffiu*.irr.o., r,[r,.ril'ao*1. (H1], As resards
declaratlon as H1 ls concerned the concerned e-auction ,gJh.y
is directed to send an e-
mall {lf possible autq'generated) lmmedlately after .o*llution of bid process as per
schedule to the H1 that he ls the hlghest bldder advtstng him to deposit 25%
of btd
y::y *rys the arnount pard as ".rn.rt money rrnmedratery, For the purpose of this
the rneaning of word 'immediaterl means same day but if bank ti*ing i,
lL::Y"&
ovei lmmadlately m€ans next bank worklng day by 4:00 p,M. through RTGS/NEFT in
the
account as mentloned ln sale notice,
7, The sdccesrful bldder/auctlon purchaser shall depostt

*$S*qgls 1f ,the
q':t-'t
lmmedlate flrst bank workrng day through nresirurrr rn ,n,. *..orit as mentioned
in
sale notlce. Further the purchaser shan atso be liabte
to ,tk. ;;;f dffi;;;;
dlfferencs between hls flnal bld amount and the p*ce ror wiiii [I iuar*quentty sold.
8. The purchaser shall also deposlt poundage
fee @fX
tee on to,qfirrf. clnstderatton money
@lg,o on
(plus Rs. 10) through DD in.favour of Theiegist"i,
onr-rr, nip;;;b.d. The DD prepared
towards poundage's fees sharr
fX*r:::1yJs shail be
be,submrtted
submrtted drrectry
djrectrvwrth
wrtrr th4
trrd ;ffr;; ; Recovery officer-
n
o u nd se fe e Draft,
p
o, J "m." "r ;;;;;; i*;;,1
t" ;.1 ;;;,U;
Il TI],*1y"1rb*Jl.*
of The Regtstrar, oRT.il, Ahmedibad,
a r, r
;
anU paym.n, .i]"riO.ge fee will not be
accepted through RTGS/NEfT ln any ctrcum$tances.
9' ln case of default of ptyment wlthln the presribed perlod,
the deposit, arter deduction
"":-'i:r:1of,'th€ expenses of the sale, may, lf tlie undersigned thinks fit, be forfelted
to the
and the defaulttng purchaser shall forfett aU ctatms to the properry
{\ f,I;*-t[:l-lccount

$rb ,r ,,:. pro&a{lafion of sale.

to'th," b'$$er
frlllelle his full name and complete adciress and state
ctearty whether he
h*serf or on begarf of another ,'J*1r'!irner case furnrsh proper
ts

::P,$:T,!,1i::
(ln orlglnal) in that regard and the full name andicomplete address
"aqtfioftY of such
ir"""s*,ttY his PANfAN Number and ptiotocopy thereof. ln ..;[;; proper
*'"decElon of Recovery officer taken at the time of
authorlty, rhe
conflrmatior{ of sale shall ba final.
11.The properues shail ordrnary be sord rn the
proclamatlon same;;;J;;rh
they appear In the
i

t2. ln case of stay of sare or Recoyery proceeding by

any ,rJertor court of competent
Jurlsdlctlon, the auctron may erther be postponed/canceripd
rn comprlance of such
Tf.r,to*itt'rout any further notrce and the persons p;;l;irril; rn the sare shail have no
ctatm damases; compensation or cost fo;,;;h
-- Lgh, ;;,.*;;*V;;ffiffi;.;.:'"
13' The propertv ls sold on "as ls where lslon
what rr" rrrii piJ;;;;"" bldders are advtsed
to peruse/verify copies of title
"deeds,/documents, if any avallable with concerned branch
of CH Bank and may nlake, thelr olin inquiries regardlng encumbrances,
search results
 and sh.all satisfy themselves
and other revenue records relatlng to the prCIperty
lien, charSes/ statutory
regardlng the nature and des$lptlon of prcperty,
condition,l
Ou-es, eti
bEfore submlttlng the bld'
below resfrve price as specified ln
i

14,ln any clrcumstances, the froperty wlll not be sold

the silE Proclamatlon/Sale Notise' t
15, Anyone of the followlng Ao.r**nts alone
will be accepted as lp-foof' viz' (a)Voters lD
Card/Aadhar Card (ti';AN innO; ot {c} Ratlon Card
carrylng?{oto and the name of the
lrooertst;or{d)vattau'lutngLlcencewlthphoto,,l")-,P.F'.qonor(f}anyother
onllne
Government fO carrytne the pfttograph of the bidder(s)' The lblds be submitted
'copiei
#s psr schedule ,nJ itrO of the documents alonfwkh proof of EMD be
so as reach on or before the
submitted to the necovuty Offlcer'-ll, DRT'll, Ahmedahad lto
last date of submlsslon of blds' I
"
ln conforlitity with the terms and
16,lncomplete/blds *flnout piop*t EMo, blds not
date and tlme will be
condltlons of sale and bids submitted after the stipulated
t
summarlly reJected'
bld from the auction proceedlngs aiter
17. No hldder shalt be permltted to wlthclrarv the
submlsslon of the bld form, till completlon of auction'
18. ln the event of potip"i.*.nt/caniEllatlon of auction/sale after submission of the bids'
respectlve accounts for
on the gpfp suUmiiieO by the bidders will be returned ln their
whlch no lntere* ot.t,rtg.t wlllbe pald' ]

proclamation halve been stated to the best

19. The Partlculars of prope;y glven ln the sale
of the lnformattoriof *re nlcovery Offlcer thereafter
the ReloverY dfficer shall not be
answerable for any error or ornlssion' ] ,-,, ,-!,--
20. " d;;lii'L.r*
rvr r"' -;- ir,.
-'- sale -
ls not confirmed or is sel aslde, oi stayed, the conslderatlon
;ion
he rofrrndpdto
money paid wlll ht refunded ],
auct the purchaser'
-..--L-
,,r- t--lt l----..^l^!-^
^^-
*-,1
propeitY wlth full knowledge and
The purchaser shall be deemed to have purchased the
subJect to all the reservatlons/encumbrance, lf any'
?1, The sale, ln nornral cireumstances, wlll be conflrmed
after rxpiry of 30 daYs from the
pou dage fee ls deposlted as
date of auctlon sale, provlded fult bid ainount and
stlpulated and there are no obJectlons from any side'
of any person(s)
22. No request for lnclusion/suhstitutlon in the sale certtficataiof .names
other ihan those mentioned ln the ltd from shall be ent::talnedl
purchaser,
?i. All expenses lncldentil thereto shall he borne hy the auction

25.mparttciputeintt'eialesoastofetchmaxinrumvalueof
the proPertY.
g to the bidder/auction
26. All terms & condltlons menttoned herelnabove
process,
^ r* r'f, }trut"-
'*J*"
RECOVERY FFICER
DEBTS RESO TRTBUNAL*TT
Ar{ gI}ABAB

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