SALE UNDER SECTION 29 D OF PEOPLE'S BANK ACT NO. 29 OF 1961 AS AMENDED BY ACT NO. 32 OF 1986

AUCTION SALE OF A VALUABLE PROPERTY PEOPLE'S BANK
GALKIRIYAGAMA BRANCH (301)

  • Date & Time:
  • Thursday 20th September 2018, Commencing at 11.00 a.m.
  • To Be Held At:
  • At the spot

    All that allotment of land bearing Lot 2 depicted in Plan No.564 dated 12.09.2000 made by A. Bogahapitiya Licensed Surveyor in respect of the consolidated land called Galwaduwagedara Watta Hinapitayaya Dikyaya situated at Galwaduwagama Village in the Gram Niladhari Division of Makulgaswewa Wetakoluwawewa within the Limits of Galewela Pradeshiya Sabha of the Galewela Divisional Secretary’s Division of Kandapahala Korale of Matale North in the District of Matale, Central Province.

Containing in Extent: A0 - R2 – P7.75

Together with the buildings, plantations and everything standing thereon Registered in Folios 126/25, N/0429 and M 22/110 at the Land Registry Matale


Access To PropertyFrom People’s Bank, Galkiriyagama Branch proceed via Ulpathagama Junction up to Andiyagala Junction and proceed along Galewela Road for about 5 kilo meters. Then proceed another 200 meters passing the Devahuwa Government Hospital up to Mukulgaswewa Village Road and turn left to the by road to reach the subject property.


UNDER THE AUTHORITY GRANTED TO US BY PEOPLE'S BANK
WE SHALL SELL BY PUBLIC AUCTION

Thursday 20th September 2018

Commencing at 11.00 a.m. at the spot

FOR NOTICE OF RESOLUTION:
Please refer Dinamina newspaper of 15.01.2018, Daily News Newspaper of 16.01.2018


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 sale price plus applicable taxes on the commission.
  4. Clerk's & Crier's Fee of Rs. 1,500/=
  5. Cost of sale and any other charges if any.
  6. Stamp duty for the Certificate of Sale.

The balance 90% of the purchased price will have to be paid within 30 days from the date of sale to the Regional Manager, People’s Bank, Regional Head Office, No.75, Mithripala Senanayake Mawatha, Anuradhapura. Tel: 025-2222498/2223035 Fax No. 025-2235855

If the said amount is not paid within 30 days as stipulated above, the Bank shall have the right to forfeit (10%) of the purchase price already paid and resell the property.

The title deeds and any other reference may be obtained from the aforesaid address:
*The bank has the right to stay / cancel the above auction sale without prior notice

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