Borrower Name

M/s Pal Industries

Bank Name

Indian Overseas Bank

Property Type

residential property

Location

Schedule-1: Property Belonging to M/s. Pal Industries, Represented by its Proprietor- Mr. Brij Pal Singh Plot No. 27-C, admeasuring area 2400 Sq. fts., situated at Industrial Area, Sector- H, Govindpura, Municipal Ward No.65, Tehsil-Huzur, Bhopal (M.P.) Boundaries: East - Road, West - Open Area, North - Nala, South - Plot No. 27-B The above said lands as set out in the Registered Lease Deed dated 30.04.1993 before Sub Registrar Office, Bhopal-3 in Vol. No. A-1/8738 in Doc. No. 378 with all other Appurtenances. Schedule-2: Property Belonging to M/s. Pal Industries, Represented by its Proprietor- Mr. Brij Pal Singh Back Side of Plot No. 27-C, admeasuring area 2400 Sq. fts., situated at Industrial Area, Sector- H, Govindpura, Municipal Ward No.65 Tehsil- Huzur, Bhopal (M.P.) Boundaries: East - Plot No. 27-A, West-Plot No. 27-D, North-Plot No. 27- C, South -Open land The above said lands as set out in the Registered Lease Deed dated 29.06.1995 before Sub Registrar Office, Bhopal-3 in Vol. No. A-1/10608 in Doc. No. 921/Ga with all other Appurtenances. Schedule-3: Property Belonging to M/s. Pal Industries, Represented by its Proprietor- Mr. Brij Pal Singh Property No.1 Plot No. 27-C (Plot No. 167-B area 4000 Sq. fts., Plot No. 167-C area 7000 Sq. fts., Plot No. 27-F area 5850 Sq. fts., Plot No. 27-G area 9100 Sq. fts.), total area 25950 Sq. fts., situated at Industrial Area, Sector- H, Govindpura, Municipal Ward No.65 Tehsil- Huzur, Bhopal (M.P.) The above said lands as set out in the Registered Lease Deed dated 31.03.2005 before Sub Registrar Office, Bhopal-3 in Vol. No. A-1/22082 in Doc. No. 4513 with all other Appurtenances. Property No.2: Adjoining Land of Plot No. 167-B, Plot No. 167-C and Plot No. 27-F, Plot No. 27-G, admeasuring total area 15601 Sq. fts. situated at Industrial Area, Sector-H Govindpura, Municipal Ward No. 65, Tehsil- Huzur, Bhopal (M.P.) Surrounded by: On the North Plot No. 167-B, 167-C Open Land, 2, Plot No. 27-F, 27-G Road, On the South-1- Plot No. 167-B, 167-C Road, 2- Plot No. 27-F, 27-G Plot No. 169, 170 & 171-A, On the East- 1. Plot No. 167-B, 167-C Plot No. 167-A, 2- Plot No. 27-F, 27-G : Plot No. 27-E, On the West- 1- Plot No. 167-B, 167-C : Nala, 2- Plot No. 27-F, 27- G : Nala The above said lands as set out in the Registered Lease Deed dated 16.06.2014 before Sub Registrar Office, Bhopal-3 in Vol. No. A-1/1602 in Doc. No. G-1/568 with all other Appurtenances. Property No.3: Adjoining Land of Plot No. 27-G and Plot No. 27-F admeasuring total area 2196 Sq. fts., situated at Industrial Area, Sector- H, Govindpura, Municipal Ward No.65, Tehsil- Huzur, Bhopal (M.P.) Boundaries: East - Plot No. 171-A (M/s. Guru Govind Engineering) West - Nala, North - Plot No. 27-G & 27-F (M/s. Pal Industries), South - Plot No. 169- 169-A (M/s. Baba Engineering Co.) The above said lands as set out in the Registered Lease Deed dated 31.03.2015 before Sub Registrar Office, Bhopal-3 in Vol. No. A-1/2230 in Doc.No 1/4604 with all other Appurtenances. The aforesaid mortgaged properties are extended as collateral securities by way of mortgage to the credit facilities availed by M/s. Viak Sales (Proprietor- Mr. Vikas Singh, S/o. Brij Pal Singh) also. *Outstanding dues of Local Self Government (Property Tax, Water sewerage, Electricity Bills etc): MPMKW Co. Ltd. Has claimed a sum of Rs. 19,97,920/- towards dues for power consumption from borrowers. (As per letter dated 20.04.2023 received from MPMKVV Co Ltd.) *Bank's dues have priority over the electricity dues of MPMKW Co. Ltd and Bank dues will be appropriated as per the provision of law.

Locality

Govindpura, Bhopal

City

Bhopal

Reserve Price

3,85,86,000

Emd Amount

38,58,600

Bid Increment

1,00,000

Auction Start Date & Time

Fri, 29 Dec 2023 11:00 AM
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Auction End Date & Time

Fri, 29 Dec 2023 01:00 PM

Bank Contact Details

M.P Nagar Branch R-12 SBI Colony Road, MP Nagar Zone II, Bhopal, M.P Tel.: 0755-2558983

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