DESCRIPTION OF THE IMMOVABLE PROPERTIES

Transcription

1 Indian Overseas Bank No.135, T.T.K. Road, Alwarpet, Chennai-18, Ph: / 5712 SRI RAM NAGAR BRANCH id: iob0479@iob.in PUBLIC NOTICE FOR E-AUCTION FOR SALE OF IMMOVABLE PROPERTIES Sale of immovable property/ies mortgaged to the bank under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (No.54 of 2002)whereas, the Authorized Officer of Indian Overseas Bank has taken possession of the following property/ies pursuant to the notice issued under Section 13(2) of the Security Interest (Enforcement) Rules 2002 in the following loan account with right to sell the same on 'AS IS WHERE IS BASIS' and 'AS IS WHAT IS BASIS' for realization of Bank's dues plus interest & costs as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Bank's dues by sale of the said property/ies. The sale will be done by the undersigned through e-auction platform provided at the Web Portal: ( Name and Address of the Borrowers/Guarantors / Mortgagors: 1. M/s.Crown Electricals (Madras), Mr.Sasi Kumar (Proprietor) 2. M/s.Crown Spacifics & Interior Decorators India Pvt. Ltd., Both at: No.117, TTK Road, Alwarpet, Chennai-18, 3. Mr.Sasikumar, 4. Mr.Rakeshkumar, 5.Mrs.Chandrakumari, All (Nos.3, 4 & 5) residing at, Door No.34, Sriram Colony, Alwarpet, Chennai-18, 6.Mr.N.Shyam (Director), residing at 1 A, Swami Sundharsan, 4/1, MMTC Colony, Sri Vidya Nagar, Nanganallur, Chennai-61, 7.Mr.Gnanavel, (Director) residing at No.AP 1225, 5th Street, Thendral Colony, Annanagar West, Chennai-40. Date of NPA: ; Date of Demand Notice: ; Dues claimed in Demand Notice: Rs. 14,95,15,483/- ( ` 8,23,27,998/- + ` 6,71,87,485/-) together with further interest from and cost thereon; Date of Possession Notice: ; Dues claimed in Possession Notice: Rs. 15,55,77,914/- ( ` 8,56,12,877/- + ` 6,99,65,037/-) further interest and costs thereon; *Outstanding dues as on : Rs.18,00,52,182/- ( ` 8,96,80,622/- + ` 9,03,71,560/-) (Rupees Eighteen Crores Fifty Two Thousand One Hundred and Eighty Two only) with further Interest, charges and costs and dues to Local Self Government (Property Tax, Water Sewerage, Electricity Bills etc). DESCRIPTION OF THE IMMOVABLE PROPERTIES Item No.1: All that piece and parcel of land and building, ( sq.ft. UDS out of 1090 sq.ft. Land along with Shops thereon on ground and first floor totally measuring sq.ft.) which is located at Old No.62/1, Door No.117, New Door No.265, T.T.K Road, (Mowbray's Road), Alwarpet, Chennai in R.S.No :3709/1(Part) as per doc R.S.No.3709/39 & 3709/38 as per patta, Mylapore Village, Mylapore-Triplicane Taluk, Chennai District, Bounded on North by Passage in door No.263/116 ; South by Road ; East by Land & Building in Door No.118 ; West by T.T.K Road. Item No.2: All that piece and parcel of Land & Building, 1 Ground & 62 Sq.ft. which is located at Door No.33, Old No.16/2A,Sri Ram Colony lane, Abiramapuram, Chennai , R.S No.207(P) and Old R.S. No.3642, T.S.No.35, Block No.8 of Mylapore Village, Mylapore-Triplicane Taluk, Chennai District, Bounded on North by Sri Ram Colony Lane ; South by Door No.32,House,ground & premises owned by Mrs.I.T.Chandrakumari ; East by Sri Ram Colony Main road ; West by House,Ground & Premises bearing No.34 owned by Mr.V.Sasikumar. Item No.3: All that piece and parcel of Land and Building, (1826 Sq.ft) which is located at Door No.34, Sri Ram colony lane, Abirampuram, Chennai , 3642 and 3644/2 land Document No.1180/76 of Mylapore Village, Mylapore - Triplicane Taluk, Chennai District, Bounded on North by Sri Ram Colony Lane; South by Land and Building; East by Door No.33; West by Land and building in Door No.34/A. Item No.4: All that piece and parcel of Land and building, (644 Sq.ft) which is located at Door No.35, Sri Ram Colony Lane, Abiramapuram, Chennai , R.S No.3642 and 3644/2 (part) Mylapore Village, Mylapore-Triplicane Taluk, Chennai District, Bounded by North by 3' passage leads to Sri Ram Colony Lane ; South by Land and Building; East by Land and Building in Door No.34/A; West by Land and Building in Door No.36. RESERVE PRICE Item No.1: ` 2,07,10,000/- (Rupees Two Crores Seven Lakhs Ten Thousand only) Item No.2: ` 5,17,20,000/- (Rupees Five Crores Seventeen Lakhs Twenty Thousand only) Item No.3: ` 2,02,02,000/- (Rupees Two Crores Two Lakhs Two Thousand only) Item No.4: ` 76,80,000/- (Rupees Seventy Six Lakhs Eighty Thousand only) DATE & TIME OF E-AUCTION: between a.m & 1.00 p.m EARNEST MONEY DEPOSIT (EMD): Item No.1: ` 20,71,000/-; Item No.3: ` 20,20,200/-; Item No.2: ` 51,72,000/-; Item No.4: ` 7,68,000/-; Bid Increase amount: ` 1,00,000/- (For Each Property) with auto extension of five minutes each till sale is completed Known Encumbrance if any: Nil Inspection Date & Time: , from a.m to 5.00 p.m. *Bank s dues have priority over the Statutory dues For terms and conditions Please visit: (1) (2) (3) Further details please contact: The Authorised Officer, IOB, Sri Ram Nagar Branch, No.135, T.T.K. Road, Alwarpet, Chennai , Ph: , Place: Chennai Date : Authorised Officer Indian Overseas Bank

2 T.T.K. Ph: / 5712 iob0479@iob.in - fldpl;lr; nrhj;jf;fis nuhf;fkhf;fjy;> epjpr; nrhj;jf;fis rpuikj;jy; kw;wk; fldpl;l nrhj;jf;fs; mkyhf;fr;rl;lk; 2002 (SARFESI Act 2002) (No.54 of 2002)-,d; fpo; mirah nrhj;j tpw;gid. Nkw;gb rl;lk; kw;wk; tpjpfspd; ~uj;jf;fs;gb fld; toq;fpa tq;fpapd; mjpfhug+h;t mjpfhhp fld;jhuuf;f Nfhhpf;if mwptpg;gpid (Demand Notice) mdg;gp> fpo;f;fhzk; fld;jhuuf;f toq;fg;gl;l fld; trjpfs; njhlh;ghf tq;fpaplk; mlkhdkhfts;s fldf;f <lhd fpo;f;fhzk; nrhj;jpf;fis jkj RthjPdj;jpy; (possession) vlj;jf; nfhz;lhh;.,e;jpad; Xth;rP]; tq;fpf;fr; Nru Ntz;ba fld; njhif> mjd; kpjhd tl;b> fl;lzk;,ju nrytfs; Mfpatw;iwAk; Nrh;j;J tr+ypg;gjw;fhf fpo;f;fhzk; fldf;f <lhd mirah nrhj;jf;fis y; & vj cs;snjh me;j epiyapy; fpno ifnahg;gkpl;ls;s mjpfhhp jkf;f toq;fg;gl;ls;s mjpfhuj;ij gad;glj;jp Nkw;gb rl;lj;jpd; fpo; e-vyk; %ykhf tpw;gnjd KbT nra;js;shh;. nrhj;j tpw;gid vd;w,izajsj;jpy;>,-vyk; thapyhf fpno ifnahg;gkpl;ltuhy; elj;jg;glk;. h;fs; / [hkpd;jhuh;fs; / mlkhdjhuh;fs; ngah; kw;wk; Kfthp: 1. M/s.Crown Electricals Madras, Mr.rrp Fkhh; (chpikahsh;), 2. M/s.Crown Spacifics & Interior Decorators India Pvt. Ltd.,,UtuJ Kfthp:vz;.117, TTK NuhL> Mo;thHNgl;il> nrd;id Mr.rrp Fkhh;> 4.Mr.S.uhNf~; Fkhh;> 5. Mrs. re;jpukfp, midtuj (t.vz;. 3, 4 & 5) tpl;l Kfthp: fjt vz;. 34, =uhk; fhydp> Mo;thHNgl;il nrd;id Mr.N.~pahk; (,af;fdh), tpl;l Kfthp: 1A, Rthkp Re;jurd;> 4/1, MMTC fhydp> = tpj;ah efh> eq;fey;y}h> nrd;id Mr.QhdNty; (,af;fdh)> tpl;l Kfthp: vz;.ap 1225, 5tJ nju> njd;wy; fhydp> mz;zhefh Nkw;F> nrd;id-40. NPA Njjp: ; Nfhhpf;if mwptpg;g Njjp: ; Nfhhpf;if mwptpg;gpy; Nfhug;gl;l njhif: Rs. 14,95,15,483/- ( ` 8,23,27,998/- + ` 6,71,87,485/-) kw;wk; Kjy; mjw;fhd tl;b>,ju nrytfs; RthjPdk; vlj;j Njjp: ; RthjPd mwptpg;gpy; Nfhug;gl;l njhif: Rs. 15,55,77,914/- ( ` 8,56,12,877/- + ` 6,99,65,037/-) kw;wk; tl;b>,ju nrytfs; * fld; epyitj;njhif: md;ws;sgb Rs.18,00,52,182/- ( ` 8,96,80,622/- + ` 9,03,71,560/-) (&gha; gjpndl;l NfhbNa Ik;gj;J,uz;lhapuj;J E}w;W vz;gj;j,uz;l kl;lk;) kw;wk; tl;b>,ju nrytfs; kw;wk; dues to Local Self Government (Property Tax, Water Sewerage, Electricity Bills etc). mirah nrhj;jf;fs; tpguk; Il;lk; vz;.1: Mtz gb R.S.vz;.3709/1 gfjp> gl;lh gb R.S.vz;.3709/39 kw;wk; gl;lhgb 3709/38 ikyhg;g+h; fpuhkk;> ikyhg;g+h; - jputy;ypf;nfzp jhyfh> nrd;id khtl;lk;> gioa fjt vz;. 62/1> fjt vz;.117, Gjpa fjt vz;.265, TTK NuhL (nksghp]; NuhL)> Mo;thh;Ngl;il> nrd;id vd;dk; Kfthpapy; jiu kw;wk; Kjy; jsj;jpy; filfs; nkhj;j gug;g rju mb. nkhj;jk; cs;s 1090 rju mb epyj;jpy; rju mb gpupf;fg;glhj gq;f epyk;. mjdld;,ize;j Jz;LfSk; gfjpfsk;. vy;iyfs;: tlf;f: fjt vz;.263/116 -y; cs;s topghij> njw;f: NuhL> fpof;f: fjt vz;.118-y; cs;s epyk; kw;wk; fl;blk;> Nkw;F: TTK NuhL. Il;lk; vz;.2: R.S.vz;.207(P), kw;wk; gioa R.S.vz;.3642, T.S.vz;. 35, gpshf; vz;. 8, ikyhg;g+h; fpuhkk;> ikyhg;g+h;-jputy;ypf;nfzp jhyfh> nrd;id khtl;lk;> fjt vz;.33, gioa fjt vz;. 16/2A, =uhk; fhydp Nyd;> mgpuhkguk;> nrd;id vd;dk; Kfthpapy; 1 fputz;l; 62 rju mb epyk; kw;wk; fl;blk;. mjdld;,ize;j Jz;LfSk; gfjpfsk;. vy;iyfs;: tlf;f: =uhk; fhydp Nyd;> njw;f: Mrs.I.T.re;jpuFkhhp-f;F nrhe;jkhd fjt vz;.32-y; cs;s tpl> fpof;f: =uhk; fhydp nkapd; NuhL> Nkw;F: vz;.34-y; cs;s epyk; kw;wk; tpl Mr.V.rrp Fkhh;-f;F nrhe;jkhdj. Il;lk; vz;.3: R.S.vz;.3642 & 3644/2, epy Mtz vz;. 1180/76> ikyhg;g+h; fpuhkk;> ikyhg;g+h; - jputy;ypf;nfzp jhyfh> nrd;id khtl;lk;> fjt vz;.34, =uhk; fhydp Nyd;> mgpuhkguk;> nrd;id vd;dk; KfthpapYs;s 1826 rju mb epyk; kw;wk; fl;blk;. mjdld;,ize;j Jz;LfSk; gfjpfsk;. vy;iyfs;: tlf;f: =uhk; fhydp Nyd;> njw;f: epyk; kw;wk; fl;blk;> fpof;f: fjt vz;.33, Nkw;F: fjt vz;.34/a-y; cs;s epyk; kw;wk; fl;blk;. Il;lk; vz;.4: R.S.vz;.3642 & 3644/2 gfjp ikyhg;g+h; fpuhkk;> ikyhg;g+h; - jputy;ypf;nfzp jhyfh> nrd;id khtl;lk;> fjt vz;.35, =uhk; fhydp Nyd;> mgpuhkguk;> nrd;id mjdld;,ize;j Jz;LfSk; gfjpfsk;. vd;dk; KfthpapYs;s 644 rju mb epyk; kw;wk; fl;blk;. vy;iyfs;: tlf;f: =uhk; fhydp Nyd;-f;F nry;yk; 3 mb topghij> njw;f: epyk; kw;wk; fl;blk;> fpof;f: fjt vz;.34/a-y; cs;s epyk; kw;wk; fl;blk;> Nkw;F: fjt vz;.36-y; cs;s epyk; kw;wk; fl;blk;. Il;lk; vz;.1: ` 2,07,10,000/- (&gha;,uz;l NfhbNa VO yl;rj;j gj;jhapuk; kl;lk;) Il;lk; vz;.2: ` 5,17,20,000/- (&gha; Ie;J NfhbNa gjpndo yl;rj;j,ugjhapuk; kl;lk;) Il;lk; vz;.3: ` 2,02,02,000/- (&gha;,uz;l NfhbNa,uz;L yl;rj;j,uz;lhapuk; kl;lk;) Il;lk; vz;.4: ` 76,80,000/- (&gha; vogj;j Vohapuj;J vz;gjhapuk; kl;lk;) Nltzpj; njhif: Fiwe;jgl;r Nfl;G tpiy: Il;lk; vz;.1: ` 20,71,000/-; Il;lk; vz;.3: ` 20,20,200/- Il;lk; vz;.2: ` 51,72,000/-; Il;lk; vz;.4: ` 7,68,000/- Vy cah;t NfhUk; njhif: ` 1,00,000/- ( xt;nthu nrhj;jf;fk; jdpj;jdpna) tpw;gid KbAk; tiu jyh 5 epkplq;fs; nfhz;l epl;bg;gfs; mdkjpf;fg;glk; tq;fpf;f njhpe;jtiu tpy;yq;fq;fs;:,y;iy nrhj;jpid ghh;itaplk; Njjp & Neuk;: , fhiy Kjy; khiy 5.00 kzp tiu *rl;lg+h;tkhd ghf;fpfis tpl tq;fpapd; ghf;fpfsf;nf Kd;Dhpik cs;sj. tpjpfs; kw;wk; epge;jidfsf;f gpd;tuk;,izajsq;fis ghh;f;ftk;: (1) (2) (3) NkYk; tptuq;fsf;f: mq;fpfhpf;fg;gl;l mjpfhhp>,e;jpad; Xth;rP]; tq;fp> =uhk; efh; fpis> vz;.135> T.T.K.NuhL> Mo;thh;Ngl;il> nrd;id , Ph: , ,lk; : nrd;id mq;fpfhpf;fg;gl;l mjpfhhp Njjp : ,e;jpad; Xth;rP]; tq;fp

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4 INDIAN OVERSEAS BANK SRIRAM NAGAR BRANCH 135 TTK ROAD, ALWARPET, CHENNAI-18 Ph : / iob0479@iob.in E-AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Whereas M/s. Crown Electricals (Madras) & M/S. Crown Spacifics and Interior decorators India Pvt.Ltd. had borrowed monies from Indian Overseas Bank against the mortgage of the immovable properties more fully described in the schedule hereunder and on upon classification of the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on calling upon the borrowers 1. M/s M/s. Crown Electricals (Madras) & 2. M/S. Crown Spacifics and Interior decorators India Pvt.Ltd. and the guarantors 3. Mr.Sasikumar, 4. Mr.Rakeshkumar, 5. Mrs.Chandrakumari, 6. Mr.N.Shyam and 7. Mr.Gnanvel to pay the amount due to the Bank, being Rs. 14,95,15,483/- (Rs.8,23,27,998 + Rs.6,71,87,485/-) (Rupees Fourteen crore ninetyfive lakh fifteen thousand four hundred and eighty three only) as on payable together with further interest at contractual rates and rests alongwith costs, charges etc till date of repayment within 60 days from the date of receipt of the said notice. Whereas the borrowers & guarantors having failed to pay the amount dues in full to the Bank as called for in the said demand notice, the Bank has taken possession of the secured assets more fully described in the schedule hereunder on under Section 13 (4) of the Act with the right to sell the same in As is where is and As is what is basis under Section13(4) of the Act read with Rules 8 &9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank s dues. The dues to the bank as on the date of taking possession was intimated as Rs. 15,55,77,914/(Rs.8,56,12,877+Rs.6,99,65,037) ( Rupees fifteen crore fifty five lakh seventy seven thousand nine hundred and fourteen only) as on payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment, after reckoning repayments, if any, since the date mentioned in the demand notice. The dues of the borrower as on works out to Rs. 18,00,52,182/- (Rs.8,96,80,622/- + Rs.9,03,71,560/-) ( Rupees Eighteen crores fifty two thousand One hundred and Eighty two only) after reckoning repayments, if any, amounting to Rs.2,13,62,503/- ( Rupees Two Crores thirteen Lacs Sixty two thousand five hundred and three only ) subsequent to the Bank issuing demand notice. The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank s dues by sale of the under mentioned properties. Contd.2

5 -: 2 :- SCHEDULE OF PROPERTIES Item No.1 Land and building, ( sq.ft. UDS out of 1090 sq.ft. Land along with Shops thereon on ground and first floor totally measuring sq.ft.) which is located at Old No.62/1, Door No.117, New Door No.265, T.T.K Road, (Mowbray's Road), Alwarpet, Chennai in R.S.No :3709/1(Part) as per doc R.S.No.3709/39 & 3709/38 as per patta, Mylapore Village, Mylapore-Triplicane Taluk, Chennai District, Bounded on North by : Passage in door No.263/116 ; South by : Road ; East by : Land & Building in Door No.118 ; West by : T.T.K Road. Item No.2 Land & Building, 1 Ground & 62 Sq.ft.) which is located at Door No.33, Old No.16/2A,Sri Ram Colony lane, Abiramapuram, Chennai , R.S No.207(P) and Old R.S. No.3642, T.S.No.35, Block No.8 of Mylapore Village, Mylapore-Triplicane Taluk, Chennai District, Bounded on North by : Sri Ram Colony Lane ; South by : Door No.32,House,ground & premises owned by Mrs.I.T.Chandrakumari ; East by : Sri Ram Colony Main road ; West by House, Ground & Premises bearing No.34 owned by Mr.V.Sasikumar. Item No.3 Land and Building, (1826 Sq.ft) which is located at Door No.34, Sri Ram colony lane, Abirampuram, Chennai , S.No 3642 and 3644/2 land Document No.1180/76 of Mylapore Village, Mylapore - Triplicane Taluk, Chennai District, Bounded on North by : Sri Ram Colony Lane ; South by : Land and Building ; East by : Door no.33 ; West by : Land and building in Door No.34/A Item No.4 Land and building, (644 Sq.ft) which is located at Door No.35,Sri Ram colony lane, Abiramapuram, Chennai , R.S No.3642 and 3644/2( part ) Mylapore Village, Mylapore-Triplicane Taluk, Chennai District, Bounded by North by : 3' passage leads to Sri Ram Colony lane ; South by : Land and Building ; East by : Land and Building in Door No.34/A ; West by : Land and Building in Door no.36.

6 Date and time of e-auction between a.m To 1.00 p.m (time) with auto extension of five minutes each till sale is Completed. Reserve Price Earnest Money Deposit Item No.1 :Rs.2,07,10,000/ Item No.2 :Rs.5,17,20,000/ Item No.3 :Rs.2,02,02,000/ Item No.4 :Rs.76,80,000/ Item No.1 : Rs.20,71,000/ Item No.2 :Rs.51,72,000/ Item No.3 : Rs.20,20,200/ Item No.4 : Rs.7,68,000/ EMD Remittance Deposit through EFT/NEFT/ RTGS Transfer in favour of IOB Cathedral Branch to the credit of IOB E- Auction EMD A/C No Indian overseas bank, Cathedral Branch,762,Anna Salai, Chennai Branch Code : 0109 IFSC Code : IOBA Bid Multiplier Rs.1,00,000/ for each property Inspection of property Submission of online application for bid with EMD onwards Last date for submission of online application for BID with EMD

7 Known Encumbrance if any NIL *Outstanding dues as on Rs. 18,00,52,182/-( Rupees Eighteen crores fifty two thousand One hundred and Eighty two only) and dues to Local Self Government(Property Tax, Water sewerage, Electricity Bills etc) *Bank s dues have priority over the statutory dues. Terms and Conditions 1. The properties will be sold by e-auction through the Bank s approved service provider M/s. Matexnet P Ltd under the supervision of the Authorized Officer of the Bank. 2. E-auction bid document containing online e-auction bid form, declaration, general terms and conditions of online auction sale are available in ( 3. Intending bidders shall hold a valid digital signature certificate and address and should register their name / account by login to the website of the aforesaid service provider. They will be provided with user id and password by the aforesaid service provider which should be used in the e- auction proceedings. For details with regard to digital signature, please contact the service provider at the below mentioned address/phone no/ . 4. Bids in the prescribed formats shall be submitted online through the portal-- along with the EMD & scanned copy of KYC documents including photo, PAN Card & address proof to the service provider and the Authorised Officer before 4.00 P.M hours on The EMD and other deposits shall be remitted through EFT / NEFT / RTGS to the Bank account as specified above and the amount of EMD paid by the interested bidder shall carry no interest. The amount of EMD paid by the successful bidder shall be adjusted towards the sale price. 6. Bids without EMD shall be rejected summarily. 7. Online auction sale will start automatically on and at the time as mentioned above. Auction / bidding will initially be for a period of 2 hours (120 Minutes) with auto extension time of 5 minutes each till the sale is concluded.

8 8. The property shall be sold to the successful bidder. The successful bidder (purchaser) as declared by the Authorised Officer shall deposit 25% of the sale price (inclusive of the EMD) immediately on the same day and not later than the next working day. The balance amount of sale price shall be paid within 15 days from the date of confirmation of auction sale. Failure to remit the entire amount of sale price within the stipulated period will result in forfeiture of deposit of 25% of the bid price to the secured creditor and forfeiture of all claims over the property by the purchaser and the property will be resold. 9. The sale certificate will be issued in the name of the purchaser only, after payment of the entire sale price amount and other taxes/charges, if any. 10. The purchaser shall bear the charges/ fee payable for conveyance such as registration fee, stamp duty, etc., as applicable as per law. 11. The Authorized Officer has the absolute right to accept or reject any bid or postpone or cancel the sale, as the case may be without assigning any reason whatsoever. 12. The property is being sold on as is where is and as is what is basis. The Bank has disclosed only the known encumbrances, statutory liabilities, if any, as above and it is for the purchaser to make their own independent enquiries at their own costs before participating in the auction. 13. As regards the statutory dues stated above, Bank dues will have priority over statutory dues. Without prejudice to the above, statutory liability, if any, shall be borne by the purchaser and the Bank assumes no responsibility in this regard. 14. Sale is subject to confirmation by the secured creditor. 15. EMD of unsuccessful bidders will be returned through EFT / NEFT / RTGS to the bank account details provided by them in the bid form and intimated via their id. 16. The e-auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation by the bank. The Authorised Officer/Secured Creditor shall not be responsible in any way for any third party claims / rights / dues. 17. * In compliance with Section 194 IA of the Income tax Act, 1961 income 1% on the Reserve Price shall be deducted and paid under the PAN Number of the Purchaser. Since the Tax has been calculated only on the Reserve Price, the bidder shall bear the 1% income tax on the bid multiplier amount and the Bank shall not take any responsibility for the same.

9 *In case of any sale / transfer of immovable property of Rupees Fifty lakhs and above, the transferee has to pay an amount equal to 1% of the consideration as Income Tax. For further details regarding inspection of property / e-auction, the intending bidders may contact the Branch Manager, Indian Overseas Bank, Sriram Nagar Branch,135, TTK Road, Alwarpet, Chennai -18 Ph Nos , , Mobile No during office hours, or the Bank s approved service provider M/s. Matexnet P Ltd, Mr.Jagdish , , PLACE: Chennai DATE: Authorised Officer Indian Over Seas Bank