Techfino Capital Private Limited
Head office: 1st floor Smart Works, DSR Techno Cube, Varthur Road, Thubarhalli, Bangalore-560037 | www.techfino.in
Branch Office at: 208/A, Green Palladia, Opposite Raj World, Palanpore, Surat, 395009
[Appendix – IV-A]
[See proviso to rule 8 r/w rule 9]
SALE NOTICE FOR SALE OF IMMOVABLE PROPERTY
DATE & TIME OF AUCTION 16.10.2026 AT 12 P.M.Whereas under section 13(2) of the ‘Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), the Authorised Officer of TCPL had issued demand notice dated 24.10.2025 calling upon the borrowers Mr. Sarathi Bhuri Bandu Swain, its co-borrower and mortgagors, to pay amount of Rs.49,29,798/- (Rupees Forty-nine lakh, twenty-nine thousand, seven hundred and ninety-eight rupees Only) as on 24.10.2025 along with further interest and incidental expenses and costs within 60 days from the date of the said notice.
AND WHEREAS, the borrowers/co-borrower/mortgagors having failed and neglected to repay the dues as per demand notice, the Authorised Officer of TCPL has taken over the physical possession of its mortgaged property u/s 13(4) of SARFAESI Act.
Notice is hereby given to the public in general and to the Borrower(s), co-borrower(s) and/or Mortgagor(s) in particular that the under mentioned property was mortgaged to TCPL. The said property will now be sold on “As is where is”, “As is what is”, and “Whatever there is” and “No recourse Basis” on 16.10.2026 for the recovery of dues detailed as under.
The public in general is invited by the undersigned through public tender/auction. The general public is invited to participate in bid either personally or through their duly authorized agent.
The description of Borrower(s), Co-Borrower(s) and/or Mortgagor(s) with description of the immovable property(s), known encumbrances and known liabilities (if any) are as under:
| Sr. / Lot No. | Borrower(s)/ Co-Borrower(s)/ Mortgagor(s) | Description of Immovable Property with known encumbrances and known liabilities, if any | Demand Notice Date and Amount | Total Outstanding Amount (29.05.2026) | Reserve Price (RP) EMD (10% of RP) Bid Increase Amt. |
Property in Symbolic or Physical Possession | Date and Time of Property Inspection |
|---|---|---|---|---|---|---|---|
| 1 |
|
Description: Immovable Property being Shop No. 123, First Floor, “Prime Shoppers”, admeasuring built-up area 547.20 Sq. Ft. (50.86 Sq. Mtrs.) and carpet area 446.00 Sq. Ft. (42.38 Sq. Mtrs.), along with undivided proportionate share in the land situated at Old Revenue Survey No. 43 Paiki, Revised Revenue Survey No. 30/A, Draft TP Scheme No. 29 (Rundh-Vesu-Magdalla), Final Plot No. 95, Village Rundh, Sub-Dist. Surat City, Dist. Surat. Known liabilities: |
Date :- 24.10.2025 Rs.49,29,798/- (Rupees Forty-nine lakh, twenty-nine thousand, seven hundred and ninety-eight rupees Only) as on 24.10.2025 together with further interest thereon from the date of default at contractual/ documented rates and other incidental expenses, etc. |
Rs.56,33,018/- (Rupees Fifty-Six Lakh Thirty-Three Thousand Eighteen Only) | Reserve Price (RP)Rs. 48,00,000/- (Rupees Forty-Eight Lakhs Only) EMD (10% of RP)Rs. 4,80,000/- Bid Increase Amt.Nil | Physical | 30.09.2026 Between 12.30 Noon to 4.30 PM |
| Last Date & Time for submission of 29A Declaration along with Self Attested KYC | 06.10.2026, upto 4.00 PM |
|---|---|
| Last Date & Time for submission of bid | 16.10.2026, upto 11.00 AM |
| Date & Time of bid opening | 16.10.2026, at 12.00 PM |
| EMD Remittance Account Details |
Earnest Money Deposit (EMD) shall be paid made through RTGS/NEFT/DD in favour of “Techfino Capital Private Limited” The account details are as follows: |
| Address at which the tender to be Submitted and Place of Auction | 1st floor Smart Works DSR Techno Cube, Varthur Road, Thubarhalli Bangalore-560037. |
TERMS & CONDITIONS:
- Offers are now invited by undersigned from intending purchasers/bidders in sealed envelopes/covers for purchase of the secured asset described herein above on “as is where is basis”, “as is what is basis”, “Whatever there is” and “no recourse basis” under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and Security Interest (Enforcement) Rules 2002. The General Public is invited to bid either personally or through their duly authorised agent.
- The property shall be sold at the price higher than or equal to the Reserve Price only and sale is subject to the confirmation by TCPL as secured creditor.
- The bidders are requested in their own interest to take inspection of the assets put up for auction.
- The intending bidders should make their own independent enquiries and verify the concerned Registrar/SRO/Revenue Records/ other Statutory authorities regarding the encumbrances, title of property/ies put on auction and claims/rights/dues affecting the property and shall satisfy themselves regarding the title nature, description, extent, quality, quantity, condition, encumbrance, lien, charge, statutory dues, etc., over the property prior to submitting their bid. The property is being sold with all the existing and future encumbrances whether or not known to the Bank/FI. The Authorized Officer/Secured Creditor shall not be responsible in any way for any third-party claims/rights/dues.
- Interested parties are advised to independently verify the area of Flat, building and other details. Secured Creditor do not take any responsibility for any errors / omissions / discrepancy / shortfall etc. in the Secured Asset or for procuring any permission, etc. or for the dues of any authority established by law.
- Interested parties can inspect the property on the aforementioned date between 12:00 am to 04:00 pm with prior appointment with the Authorised Officer. The person deputed for inspection by the intending purchaser should carry with him/them appropriate authorizations on the letterhead of the organization/person he/she/they represent(s), failing which inspection may be refused.
- All Offers shall be through Tender/Bid Document containing the detailed terms & conditions which can be purchased from the Authorised Officer by paying Rs. 1000/- plus GST (non-refundable) in Cash or by Demand Draft drawn in favour of “Techfino Capital Private Limited”.
- The intending bidders shall physically submit 29A Declaration in the prescribed format in sealed cover along with Self Attested KYC to the Authorized officer on or before the last date i.e. 06.10.2026. This submission should be made separately from all other documents.
- The intending bidders shall physically submit bids in the prescribed format in sealed cover along with Earnest Money Deposit (EMD) to the Authorized officer on or before the last date i.e. 16.10.2026.
- The interested bidders shall deposit the EMD amount through NEFT/RTGS/Transfer in the account as per details of a/c for depositing EMD/Bid amount mentioned above. Alternatively, Bidders may send a crossed Demand Draft/Pay order in favour of “Techfino Capital Private Limited” payable at AU Small Finance Bank Ltd, Account No: 2121234032561415, IFSC Code: AUBL0002340 Gr Flr, No. 572, 20th Main, 1st crossroad, 8th block, Koramangala, Bengaluru, Karnataka, 560095. Bidders shall have to attach / enclose a proof of RTGS/NEFT fund transfer or crossed Demand Draft/Pay order along with the bid.
- The bids without EMD amount and or/less than the reserve price shall be disqualified and rejected.
- Highest bidder will be declared successful bidder and sale will be confirmed in his/her favour by the Secured Creditor as per the provisions of SARFAESI Act, 2002.
- In case of default in payment by the successful bidder, the amount already deposited by the bidder including EMD shall be forfeited without further notice and the property shall be put to re-auction and the defaulting bidder shall have no claim/right in respect of property/amount.
- The EMD of unsuccessful bidder will be returned within 07 working days on the closure of the auction sale proceedings. No interest shall be paid on the EMD refunded.
- The Purchaser shall bear the applicable Stamp Duty/ additional stamp duty, charges, fees, etc. including those of Sale Certificate Registration charges, all statutory dues payable to Government, taxes and rates, outgoing both existing and future relating to the property.
- The Purchaser shall bear all dues of the Borrower including Income Tax dues, Society dues & any other dues, if any.
- The Authorised officer/secured creditor shall not be responsible for any error, inaccuracy or omission in the said proclamation of sale.
- The bid once submitted cannot be withdrawn and the bidder has to purchase the property for the quoted price in case the same is the highest bid, failing which EMD shall be forfeited.
- All bidders who submitted the bids, shall be deemed to have read and understood the terms and conditions of the Auction Sale and be bound by them.
- Sale shall be confirmed in favour of the successful bidder; however, confirmation of the sale shall be at the sole discretion of the secured creditor and its authorized officer.
- The Successful bidder will have to deposit 25% of the total bid amount / purchase consideration (after adjusting amount of EMD) immediately upon acceptance of bid i.e. on the same day but not later than the next working day and balance 75% of the bid amount / purchase price on or before the fifteenth day of the confirmation of the sale of immovable property or such extended period as may be agreed upon by the purchaser and the secured creditor, in any case not exceeding three months.
- On compliance of the terms and condition of sale and on confirmation of the sale, the Authorised Officer shall issue CERTIFICATE OF SALE in favour of the successful Bidder. No request for inclusion/substitution of names, other than those mentioned in the bid, in the sale certificate will be entertained. The Sale Certificate will be issued only in the name of the successful bidder.
- The undersigned Authorised Officer has the absolute right and discretion to accept or reject any bid or adjourn/postpone/cancel the sale/auction and also modify any terms and conditions of the sale without any prior notice and /or assigning any reasons.
- The Authorised Officer reserves the right to reject any or all the bids without furnishing any further reasons.
- For further details, contact - Amarkanth chouhan HO Contact No-Srinivas-9844575302, Aiyyappa-9483354544, Rajesh R-9632440337 & https://www.techfino.in.