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

DFCC Bank PLC

Successor to DFCC Vardhana Bank PLC

AUCTION SALE

OF

A VALUABLE PROPERTY

    Description of the Property Mortgaged By Mortgage Bond Nos. 271,319,341,342,1801 and 1802
    All that divided and defined allotment of land marked Lot 1 depicted in Plan No.451 dated 25th November 2000 made by R M P Samaradiwakara, Licensed Surveyor of the land called PITANUGAWATTA situated at Deraniyagala within the Pradeshiya Sabha Limits of Deraniyagala in Atulugam Korale East in the District of Kegalle Sabaragamuwa Province.

Containing In Extent: A0.R2.P0.

Together with the buildings and everything else standing thereon According to the said Plan No.451 and registered at the Land Registry of Avissawella

The Property Mortgaged To DFCC Bank PLC By:
SELTA (PRIVATE) LIMITED a Company duly incorporated in the Democratic Socialist Republic of Sri Lanka under the Companies Act bearing Registration No. PV 10716 and having its registered office in MAHARAGAMA (hereinafter referred to as ‘the Company’) has made default in payments due on Mortgage Bond No. 271 dated 17/12/2006 attested by M K Liyanage Notary Public, ,Mortgage Bond No. 319 dated 12 & 15/07/2011 attested by M K Liyanage Notary Public, Mortgage Bond No. 341 dated 09/10/2008 attested by K D A V Wijekoon Notary Public, Mortgage Bond No. 342 dated 09, 10 & 17/10/2008 attested by K D A V Wijekoon Notary Public,  , 1801 and 1802 dated 01/08/2006 attested by S M Gunaratne Notary Public all 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 Thursday 26th September 2019

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.132,000.00
  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

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