Online Auction Sale of Assets Sample Contracts

Contract
Online Auction Sale of Assets • January 21st, 2022

PHOENIX ARC PRIVATE LIMITEDRegd. Office : Dani Corporate Park, 5th Floor, 158, C.S.T Road, Kalina, Santacruz (E), Mumbai -400098, Tel : 022- 67492450, Fax: 022-67412313, CIN: U67190MH2007PTC168303; Email: info@phoenixarc.co.inWebsite: www.phoenixarc.co.in / https://phoenixarc.co.in/?p=1439 ONLINE E- AUCTION SALE OF ASSETS In exercise of the powers under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short referred to as SARFAESI Act) and Security Interest (Enforcement) Rules, 2002 (in short referred to as RULES) and pursuant to the possession of the secured asset mentioned hereunder vested with the Authorised Officer under the said SARFAESI Act and RULES for recovery of the secured debts, the Authorised Officer has decided to sell the secured asset by auction sale. Notice is hereby given to the public in general and to the borrower, mortgagors and guarantors in particular, that the under mentioned property mortgaged to Phoe

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