On Thursday 11th February 2010 Commencing at 11.00 am at the spot.

Description of Property Mortgaged by Mortgage Bond Nos. 16662 and 20713
All that divided and defined allotment of land marked Lot 1 & Lot 2 depicted in Plan No. 5619 dated 19th May 1995 made by H Lal Gunasekera, Licensed Surveyor from and out of all that land called DELGAHAWATTA (being a portion of Lots 4B and 4C in Plan No.12557 dated 23.08.1941 made by B M Caldera Licensed Surveyor) situated at Bolabotuwa in Adikari Pattuwa of Raigam Korale within the Registration Division of Panadura in the District of Kalutara Western Province.

Containing In Extent :
Lot 1 : A1:R1:P10.0
Lot 2 : A0:R2:P36.0
Together with the soil, trees, plantations and everything standing thereon.

The Property Mortgaged To DFCC Bank By:
EASTERN HORTICULTURAL (PRIVATE) LIMITED a Company duly incorporated in the Democratic Socialist Republic of Sri Lanka under the Companies Act No.17 of 1982 has made default in payments due on Primary Mortgage Bond No.16662 dated 24th July 2001 and Secondary Mortgage Bond No.20713 dated 13th August 2003 both attested by A P U Keppetipola, Notary Public of Kandy.


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 1/2% (Two and a half percent only).
4. Total cost of advertising Rs. 34,000.00.
5. Clerk's & Crier's Fee of Rs.500.00.
6. Notary's Fee for condition of Sale Rs.2000.00.

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 on Tel: 011-2440366/77