TIRUPUR BRANCH NO.54, SABARI SALAI, BINNY COMPOUND TIRUPUR 641 601 Phone: 0421-220289, 2201318, 2246159 E-AUCTION SALE NOTICE UNDER THE PROVISIONS OF SARFAESI ACT, 2002 Sale of immovable properties mortgaged to the Bank under relevant provisions of Securitisation And Reconstruction of Financial Assets And Enforcement of Security Interest Act, 2002 In exercise of powers contained in the SARFAESI Act, 2002, the Authorised officer has issued demand notice dated 30.05.2013 to the borrowers/ guarantors/ obligants under Section 13(2) of the said Act and has taken possession of the under mentioned Secured Asset LOT NO. 1, 2, 3 and 4 on 05.09.2013, in respect of credit facilities granted to M/s. Dee Cee Exports (herein after referred to as borrower ). It has been decided to sell the secured asset mentioned hereunder through E-Auction for realization of the secured debts due to Punjab National Bank amounting to Rs.28,24,22,837/- (Rupees twenty eight crore twenty four lakh twenty two thousand eight hundred thirty seven only) as on 28.02.2014 plus future interest/charges/other costs incurred by the bank thereon till final payment/realisation. Online Sale through E-auction arranged by the service provider M/s.Nextenders India through the website www.e-auctions.in Details of the immovable Property LOT I: 50 cents of vacant site in SF No.277/2C2 new RS.no 277/2C2A, Pazhangarai Village Avinashi Taluk, Tiruppur District. Boundaries East of houses built that are captioned as KRC Brindavan Garden which was formerly south North road GS No.278. West of GS 277/1, 2C1 Fields Indiara Colony South of property belonging to Varadarajan Sasikala North of land still belonging to Amutha Vadivel in the said field. Name of owner (Mortgagor) M/s Dee Cee Exports Reserve Price Rs.47,50,000/- EMD TO BE DEPOSITED Rs.4,75,000/- LOT II: RCC building in SF No.494/1-B with GF/ FF/ SF constructed in the area measuring 4800 sq.ft., bearing Door No.16/ (area 4883 sq.ft), Hope College bus stop, site no.73, Srinagar Layout, Avinashi Main Road, Vilankurichi Coimbatore Taluk and District. Boundaries North of 20 feet East to West lay out Road. South of Flat No.57 East of 30 feet South to North lay out West of flat no 47. Smt.V.Kamaks hi Rs.2,28,00,000/- Rs.22,80,000/- Page 1 of 5
LOT III: 8.01 acre of vacant site situated in SF No.328, 334/2, Pazhangarai Village, Avinashi Taluk, Tiruppur Dt Boundaries(Item No.1) East of SF No.329 & 333. West of SF No.49, the road proceeding to Nambiyur. North of the cart track keft out by the vendors. South of item no.(2) mentioned below in SF No.334/2 Item No.2 East of SF No.329 & 333, the road proceeding to Nambiyur. West of SF No.49, the road proceeding to Nambiyur. North of item no. 1 mentioned above. South of SF No.334/2 M/s Dee Cee Exports Rs.15,20,00,000/- Rs.1,52,00,000/- LOT IV: 57 cents of land in SF No.277/2C2 (New RS. No.277/2C- 2A ) Anaipudur, Pazhangarai Village, Avinashi Taluk and Tiruppur District. Boundaries : East of houses built that are captioned as KRC Brindava Garden which was formerly South North Road GS No.278 West of GS 277/1, 2C1 Fields Indira Colony South of property already owned by Dee Cee exports in the said field North of GS 277/2C 2B field of the said village. M/s.Dee Cee Exports. Rs.54,15,000/- Rs.5,41,500/- Last Date for Depositing EMD Inspection of Property with Prior Appointment with Authorized Officer (Cell No:09003966333) 05.04.2014 upto 16.00 hrs 07.04.2014 From 11:00 AM to 04:30 PM (Cell No:09003966333) DATE & TIME OF E-AUCTION 10.04.2014 LOT I From 10:30 AM TO 11:15 AM LOT II From 11:45 AM to 12:30 PM LOT III From 01.00 PM to 01.45 PM LOT IV From 3.00 PM to 03.45 PM Bid multiplier (Min.incremental value) Rs. 50,000/- Rs. 50,000/- Rs. 1,00,000/- Rs.50,000/- AUTOMATIC EXTENSION FOR EACH ITEM 3 EXTENSIONS OF 5 MINUTES EACH TERMS AND CONDITIONS OF E- AUCTION The sale shall be subject to the conditions prescribed in the Security Interest (Enforcement) Rules, 2002 and to the following conditions: 1. The sale will be of the property of the mortgagors/obligants above named, in AS IS WHERE IS, AS IS WHAT IS basis. This notice is issued without prejudice to any other remedy available to the Secured Creditor. 2. The auction of the property will be conducted online through the website of our Service Provider M/s Nextenders (I) Pvt Ltd i.e. - www.e-auctions.in. Prospective bidders are advised to visit this website where the bid form, declaration, general terms & conditions of online auction sale are available. Bidders have to submit their offers/bids by logging Page 2 of 5
into the said website on the e-auction date & time and the sale price will be finalized through online e-auction process. 3. The intending bidders have to submit their EMD (SEPARATELY FOR EACH LOT) by way of remittance by RTGS/NEFT to A/c No. 0449002100455965 (IFSC Code PUNB0044900), in the name of PNB AUCTION A/c M/s.DEE CEE EXPORTS; The EMD details (UTR No.) alongwith the copy of identity which should contain the address for future communication (Voter id/ Driving Licence/Passport) & PAN card should reach the Authorised Officer at the address given above ON OR BEFORE 29.03.2014 4. The envelope containing the EMD details (UTR No.) should be superscribed Lot No. - A/c M/S DEE CEE EXPORTS alongwith the duly filled in & signed Annexure-II, Annexure-III forms either downloaded from the website www.e-auctions.in OR on the formats obtained as soft copy from our Circle Office upon a specific request to e-mail IDs: cotrynpa@pnb.co.in OR lawtrichy@pnb.co.in. (E-mail ID and telephone number of the prospective bidder is absolutely necessary, as all the relevant information and allotment of password will be conveyed only through e-mail). 5. On receiving the EMD amount from bidders for Property, the Bank would inform the details of the prospective bidders, EMDs received, to M/s Nextenders (I) Pvt Ltd., who would communicate with the eligible bidders over telephone/ e-mail and provide the user Login ID & Password, necessary training for e-auction so that the bidders can bid on their own on the date & time of e-auction. In case of any clarification in this matter, the prospective bidders, after submitting the EMD amount may contact Nextenders (India) Pvt Ltd at Tel. No.: Ph: 9962657000 09167246751 020-25315555 020-25315556. mail id: support.eauctions@nextenders.com 6. No Offers/bids below the reserve price fixed for each LOT item, shall be entertained. The undersigned reserves the right to accept any or reject all bids, if not found acceptable or to postpone the auction at any time without assigning any reason whatsoever and his decision in this regard shall be final. 7. In case there are bidders who do not have access to the internet access but interested in participating the e-auction, they can approach our Circle Office: PNB, Kailasapuram Trichy 620014 (email: cotrynpa@pnb.co.in; lawtrichy@pnb.co.in), who as a Facilitator Branch shall provide the internet access to such bidder/s. Such bidders may contact our Circle Office sufficiently early and register their names. They should be present at our Circle Office by atleast half-an-hour before the auction time for each LOT, to participate in the bidding. 8. The successful bidder shall deposit 25% of the bid amount (including EMD) by RTGS/NEFT to the designated account number mentioned in clause 3 of this notice within 24 hours on the e- sale being finalized in his / her favour and the balance amount 75% of the bid amount shall be payable within 15 days from the date of auction. 9. In case the successful bidder fails to deposit the amounts within the specified time frame as aforesaid, the entire deposit amount made by the bidder including EMD shall be forfeited by the Authorised Officer without any notice and the property shall forthwith be put up for sale again and resold by the Bank. 10. For the reasons recorded it shall be in the discretion of the Authorised Officer to adjourn/ discontinue/ postpone/ cancel the sale proceedings without assigning any reason thereof. The Authorised Officer also reserves the right to modify any terms and conditions of the advertisement/sale at his discretion without prior notice. 11. The Bank is not liable to pay any interest/ refund of EMD in case of any delay in issue of confirmation of sale/ Sale Certificate by virtue of any Court Order received after e-auction is held. 12. The EMD deposited by the unsuccessful bidders shall be refunded to them without any interest, to the account from which RTGS/NEFT was remitted, within 10 days from the date of closure of the E-auction sale proceedings. 13. The successful bidder should bear the charges / fee payable for conveyance such as stamp duty, registration charges etc as applicable as per Law. The successful bidder shall also pay other statutory dues / taxes that may be due for payment to local authorities etc as well as arrears of electricity charges, water charges etc. 14. The particulars specified in the schedule above have been stated to the best of the information of the undersigned, but the undersigned shall not be answerable for any error, mis-statement or omission in this notice.the prospective bidders may satisfy themselves about the condition of the assets/value measurements etc. Page 3 of 5
15. The sale certificate shall be issued in the same name in which the tender is submitted. 16. The decision of the Bank regarding sale of the above property shall be final. The sale in favour of highest tenderer shall be subject to confirmation by the competent authority of the Bank and also subject to litigation if any, pending as on the date of sale by the Authorized Officer. 17. This is also a notice to the borrower/ guarantor of the above said loan about holding of this sale on the above mentioned date if their outstanding dues are not paid in full. 18. This notice is also being published in the vernacular language. English Version shall be final if any question of interpretation arises. Place:TIRUPUR Date: 06.03.2014 AUTHORISED OFFICER PUNJAB NATIONAL BANK Page 4 of 5
COPY TO: 1 M/s Dee Cee Exports 9/11, Stanes Road,I Street Avinashi Road 3 Mrs.V.Kamakshi W/o Sri.D.Venkatesan 16/29, Sri Nagar HopeCollege,Peelamedu Coimbatore-641 602 5 M/s Sri sakthi Traders 9/11, Stanes Road,I street,avinashi Road 2 Mrs.V.Sasikala W/o Sri.D.Varadarajan 14B, TVK Nagar College Road, 4 M/s.Romantic Garment, 453,Stanes Road,I Street Avinashi Road Page 5 of 5