The intending bidder shall deposit eamest money (EMD) @ 10% of the Reserve Price in the form of a Demand Draft payable to Recovery Officer, DRT, Lucknow. The said demand draft along with duly filled-in-E-Auction EMD Form should reach through speed post/registered post or by hand to Shri Kunwar Amogh, Chief Manager, of the CH Bank, Canara Bank, ARM
Branch, Gomti Nagar, Lucknow Mob. No. 8173007833 on or before 11.12.2023 upto 17:00 Hrs, positively. On receipt of first EMD (10% of the Reserve Price) from the prospective bidder, the CH Bank will intimate immediately to the Recovery Officer. Thereafter CH Bank will deposit received EMD amount along with EMD Form before Recovery Officer on 12.12.2023 upto 17:00 hrs before Recovery Officer with intimation of
Bank officer. Bidders can deposit EMD amount before Recovery Officer court on 12.12.2023 directly. The said deposit shall be adjusted in the case of successful bidder otherwise refund to the unsuccessful bidders after observing due formalities. The person to be declared the successful bidder shall pay/deposit immediately 25% of the amount of his purchase price (less EMD) by way of demand draft favouring "Recovery Officer, DRT, Lucknow" before Recovery Officer-II, Debts Recovery Tribunal, 600/1, University Road,
Near Hanuman Setu Mandir, Lucknow-226007. The full amount of purchase price along with poundage fees @2% up to Rs. 1000.00 and 1% on balance amount of purchase money shall be paid by the purchaser by the way of demand draft favouring Registrar, DRT, Lucknow and balance amount of sale consideration i.e. 75% to be pay on or before the 15th day from the date of the e-auction in favour of Recovery officer, DRT, Lucknow.