STCI FINANCE LIMITED

(Formerly: Securities Trading Corporation of India Limited)

401 & 412, 4th Floor, Prakashdeep Building,
7, Tolstoy Marg, New Delhi – 110001
Telephone - 011-23351091/43551091
CIN: U51900MH1994PLC078303, Website: - www.stcionline.com
APPENDIX- IV-A
PUBLIC NOTICE CUM E-AUCTION NOTICE FOR SALE OF
IMMOVABLE PROPERTIES
(Rules 8 & 9 of Security Interest (Enforcement) Rules, 2002)
E–auction Sale Notice for Sale of Immovable Assets under the Securitisation
and Reconstruction of Financial Assets and Enforcement of Security Interest
Act, 2002 (“SARFAESI Act, 2002”) read with proviso to Rule 8 (6) of the
Security Interest (Enforcement) Rules, 2002 (“Rules”).

Notice is hereby given to the public in general and in particular to the

Borrowers/Mortgagors/Guarantors (hereinafter referred to as the
“Noticee(s)”) that the below described immovable residential property
mortgaged/charged to the Secured Creditor i.e. STCI Finance Ltd., the
physical possession of which has been taken on 02.08.2019 by the
Authorised Officer of the Secured Creditor i.e. STCI Finance Ltd., will be sold
on “AS IS WHERE IS”, “AS IS WHAT IS”, “WHATEVER THERE IS” and
“WITHOUT RECOURSE BASIS”, for recovery of aggregate amount of
Rs.260,20,03,620.00 (Rupees Two Hundred and Sixty Crore Twenty
Lakh Three Thousand Six Hundred and Twenty Only), the breakup of
which is given hereinbelow;

S. No. Particulars Account I Account II

1. Name of the Cedar Infonet Pvt. Ltd. Lt. Col. Hardeep Singh
Borrower Bedi (Retd.) and Mrs.
Maninder Kaur Bedi

2. Amount As on 28.02.2022 As on 28.02.2022

Outstanding

Principal Rs.50,00,00,000.00 Rs.15,00,00,000.00

Interest Rs.151,95,24,411.00 Rs.43,24,79,209.00

(including penal
interest)

Total Rs.201,95,24,411.00 Rs.58,24,79,209.00

Along with further interest, cost and charges at contractual rates till the
date of realization and together with all costs, charges and expenses or
any incidental charges till the date of payment and/or realization due to
Secured Creditor from Cedar Infonet Pvt. Ltd. (Borrower), Lt. Col. Hardeep
Singh Bedi (Retd.) (Borrower/Personal Guarantor/Mortgagor), Mrs.
Maninder Kaur Bedi (Borrower/Personal Guarantor/Mortgagor).

The secured creditor i.e. STCI Finance Ltd. in exercise of its powers conferred
under Section 13(4) of the SARFAESI Act, 2002 read with Rules made
thereunder, has decided to sell by way of e-auction, the immovable property
as mentioned hereinbelow (hereinafter referred to as “the Secured
Asset/said property”).
DESCRIPTION OF THE SECURED ASSET:
All that piece and parcel of vacant land admeasuring 1008.00 sq. yds. bearing
plot number 5 situated and/or located at Paschimi Marg, Vasant Vihar, New
Delhi - 110057, situated within the jurisdiction of the Sub–Registrar Bhikaji
Cama Place, New Delhi – 110022, bounded as under;

On North by: Service Lane

On South by: 80’ Wide Road
On East by: Plot No. 4
On West by: Plot No. 6
together with the buildings and structures constructed/to be constructed
thereon, together with all the fixtures and fittings, both present and future,
whether attached to the earth or permanently fastened to anything attached
to the earth including all rights, liberties, privileges, rights, easements,
appendages and advantaged whatsoever to the said hereditaments
appertaining to or held, used and occupied with the same or enjoyed or
reputed as part thereof or appurtenant thereto.
SECURED ASSET BELONGING TO:

Lt. Col. Hardeep Singh Bedi (Retd.) and Mrs. Maninder Kaur Bedi (Joint
Owners).

THE DETAILS OF THE E-AUCTION ARE AS FOLLOWS;

Reserve Earnest Increment Inspection Last Date Date &

Price Money in Bidding Date and of time of e-
(Rs. Deposit Process Time of Submission auction
crore) (EMD) (Rs. crore) Secured of Bid
(Rs. Assets Application
crore) Form
85 8.50 0.10 25.04.2022 27.04.2022 28.04.2022
(from 11:00 (from 11:00
a.m. to a.m. to
05:00 p.m.) 12:00 noon)
For detailed terms and conditions of the sale, please refer to the link for e-
auction provided in STCI Finance Limited, Secured Creditor’s, website i.e.
https://www.stcionline.com and portal of M/s e-Procurement Technologies
Ltd. (Service Provider) https://sarfaesi.auctiontiger.net.

ENCUMBRANCE: HDFC Ltd. is the first charge holder of the Secured Asset
and is having total outstanding dues of Rs.30,26,846/-
(Rupees Thirty Lakh Twenty Six Thousand Eight
Hundred and Forty Six Only) as on 28.02.2022.

STATUTORY 30 DAYS SALE NOTICE TO THE

BORROWERS/GUARANTORS/MORTGAGORS UNDER THE SARFAESI
ACT, 2002

This notice is also a mandatory notice of 30 (thirty) days to the

Borrowers/Guarantors/Mortgagors of the above loan accounts, under Rule 8
(6) read with proviso attached to Rule 9 (1) of the Security Interest
(Enforcement) Rules, 2002 and provisions of the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act,
2002, informing them about holding auction/sale on the above referred date
and time with the advice to redeem the Secured Asset if so desired by them,
by paying the outstanding dues as mentioned hereinabove along with
interest, cost & expenses, as per the rules/conditions prescribed under the
SARFAESI Act, 2002 and its various amendments. In case of default in
payment, the Secured Asset shall, at the discretion of the Authorised
Officer/Secured Creditor, be sold through any of the modes as prescribed
under Rule 8 (5) of the Security Interest (Enforcement) Rules, 2002.

Note: -

That the general public is being made aware the previous Public Notice cum
E-Auction Notice for Sale of Immovable Properties/secured asset dated
04.03.2022 published in this and other newspapers w.r.t the sale of secured
asset described herein, stands superseded by this Public Notice cum E-
Auction Notice for Sale of Immovable Properties/secured asset.

Date: 14.03.2022
Place: New Delhi
Sd/- Authorised Officer
STCI Finance Limited
Email – eauction@stcionline.com
Telephone - 91-11-2335 1091/4355 1091