Notice of Sale Under Section 9 Of The Recovery Of Loans By Banks (Special Provisions) Act. No 4 Of 1990

DFCC Bank PLC

(Formerly known as DFCC Bank)

AUCTION SALE

OF

A VALUABLE PROPERTY

    Description of the Property Mortgaged By Mortgage Bond No.1638
    1. All that divided and defined allotment of land marked Lot 2 depicted in Plan No.1908 dated 13th February 1977 made by W Seneviratne Licensed Surveyor of an allotment of land called Marton Estate situated at Yatiyana in Maha Pattu North of Pasdun Korale East in the District of Kalutara Western Province.

Containing In Extent: A8-R3-P35

Registered at the Mathugama Land Registry.

All that divided and defined allotment of land marked Lot 6 depicted in Plan No 1908 dated 13th February 1977 made by W Seneviratne Licensed Surveyor of an allotment of land called Marton Estate situated at Yatiyana in Maha Pattu North of Pasdun Korale East in the District of Kalutara Western Province.


Containing In Extent: A0-R1-P21.5

Registered at the Mathugama Land Registry.

Together with the right of way in over and along – All that divided and defined allotment of land marked Lot 9 depicted in Plan No 1908 dated 13th February 1977 made by W Seneviratne Licensed Surveyor of an allotment of land called Marton Estate situated at Yatiyana in Maha Pattu North of Pasdun Korale East in the District of Kalutara Western Province.


Containing In Extent: A0-R1-P3

Registered at the Mathugama Land Registry.

The Property Mortgaged To DFCC Bank PLC By:
G.D.I. FASHION WORLD (PRIVATE) LIMITED a Company duly incorporated in the Democratic Socialist Republic of Sri Lanka under the Companies Act No.17 of 1982 and having its registered office at Maharagama (hereinafter referred as ‘the Company’) has made default in payments due on Mortgaged Bond No. 1638 dated 19th July 2005 attested by S M Gunaratne Notary Public in favour of the DFCC BANK PLC.(successor to DFCC Vardhana Bank PLC)

Under the Authority Granted to Us by DFCC Bank PLC

We Shall Sell By

PUBLIC AUCTION

On Wednesday 14th November 2018

Commencing at 11.00 a.m. at the spot


Mode of Payment

The Successful purchaser will have to pay the following amounts in cash at the fall of the Hammer.

  1. 10% (Ten Percent) of the Purchased Price.
  2. 1% (One Percent) of the sales Taxes payable to the Local Authority.
  3. Auctioneer’s Commission of 2 ½ % (Two and a half percent only) on the purchased price plus applicable taxes on the commission.
  4. Total cost of advertising Rs.130,000.00
  5. Clerk’s & Crier’s Fee of Rs.1,000.00
  6. Notary’s Fee for condition of Sale Rs.2,000.00

The balance 90% of the purchased price together with any other statutory levies, duties, taxes or charges whenever applicable and imposed by the Government of Sri Lanka or any other authority to be payable within 30 days from the date of sale.
For further particulars please contact the Legal Department of DFCC Bank PLC on Tel: 011- 2371371


*The bank has the right to stay / cancel the above auction sale without prior notice.

Head Office & Showroom

Flagship Auction & Sales Facility

City Office



Auction Type




Register with us to be updated on Auctions