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GUJARAT STATE FINANCIAL CORPORATION
AHMEDABAD REGIONAL OFFICE
CHILDREN HOSPITAL BUILDING, MASALA MARY
ELMBRIDGE, AHMEDABAD-380 006
26464480/26467893 FAX : 079-26463837
AUCTION OF PROPERTIES UNDER
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How to fill out sarfaesi act-2002 tender form
How to fill out the SARFAESI Act-2002 tender form:
01
Start by carefully reading the instructions provided on the tender form. Familiarize yourself with the requirements and any specific guidelines mentioned.
02
Provide all the necessary details in the respective fields of the form. This may include your personal information, such as name, address, contact number, and email.
03
Fill in the details of the property in question. This includes the complete address, area, type of property, and any relevant identification numbers or legal documents associated with it.
04
Clearly state the outstanding amount or dues that need to be recovered as per the SARFAESI Act-2002. Ensure that you calculate and mention the accurate amount to avoid any discrepancies.
05
Specify the mode of payment that will be accepted for the tender. This could be through a demand draft, online transfer, or any other method as indicated in the instructions.
06
Attach all the necessary supporting documents required as per the tender form's guidelines. This may include proof of ownership, past payment records, legal notices served, or any other relevant paperwork.
07
Double-check all the information provided to ensure accuracy. Review the filled form for any errors or missing details. Make sure that the form is complete before submitting.
Who needs SARFAESI Act-2002 tender form:
01
Banks and financial institutions: The SARFAESI Act-2002 empowers banks and financial institutions to take legal action against borrowers in default. They may need to use a tender form to initiate the recovery process and follow the necessary legal procedures.
02
Borrowers in default: Individuals or entities who have defaulted on loan payments and are facing the consequences under the SARFAESI Act-2002 may be required to fill out the tender form as part of the recovery process.
03
Legal professionals: Lawyers or legal advisors representing banks, financial institutions, or borrowers in default may need to assist in filling out the SARFAESI Act-2002 tender form to ensure legal compliance and smooth execution of the recovery process.
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