Karnataka Bank Ltd. ASSET RECOVERY MANAGEMENT BRANCH, Ph: 080-22955928(GEN) # 105, III FLOOR, MOHAN MANSION, Ph: 080-22955827(CM) KASTURBA ROAD, BENGALURU-560 001. E-mail: blr.arm@ktkbank.com CAMP AT: Bengaluru CIN : L85110KA1924PLC001128 Your family Bank, Across India. PUBLIC NOTICE OF SALE Notice to the public is hereby given to the efect that the immovable properties described herein, which has been taken Symbolic Possession thereof by the Authorised Officer on 20-01-2017 in pursuance of Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by inviting tenders from the public on the date, place and time mentioned in this notice, on as is where is condition and on the terms and conditions mentioned below. Tenders in sealed covers are invited from the public for the purchase of the immovable properties more fully described below. This Notice should be treated as Notice under sub-rule (6) of Rule (8) of the Security Interest Enforcement Rule 2002 to the Borrower/Mortgagors/Co-obligants/Guarantor. [A] Name and Address of the Borrower/Mortgagors/Co-obligants/Guarantor: I. OD A/c No. 15747000100001801 : 1) M/s Chennai Medical Agenies, Prop: Mr.A.O.Selvam, No.6, Reddy Street, Virugambakkam, Chennai-600092. 2) Mr.A.O.Selvam, S/o Mr.A.Oppilamani, 3) Mrs.Sudha Selvam, W/o Mr.A.O.Selvam, No.2 & 3 are residing at:- No.6, Reddy Street, Virugambakkam, Chennai- 600092. 4) Mr.D.Pasupathy, S/o Mr.Deivarakkam, 49/1071, 69 th Street, 11 th Sector, K.K.Nagar, Chennai-600078. II. TL A/c No 1577001600028701 & PSTL A/c No. 1577001800011201 : 1) Mr.A.O.Selvam, S/o Mr.A.Oppilamani,
2) Mrs.Sudha Selvam, W/o Mr.A.O.Selvam, Both are residing at:- No.6, Reddy Street, Virugambakkam, Chennai-600092. [B] Name and address of the secured creditor: Karnataka Bank Ltd., Chennai K.K.Nagar Branch. [C] Details of Secured Debt: i) OD A/c No.1577000100001801 of M/s Chennai Medical Agencies with the present balance of Rs.93,90,924=87 with further interest and other charges from 04-07-2016. ii) TL A/c No.1577001600028701 of Mr.A.O.Selvam with the present balance of Rs.4,59,501=00 with further interest and other charges from 05-07-2016. iii) PSTL A/c No.1577001800011201 of Mr.A.O.Selvam with the present balance of Rs.11,48,516=00 with further interest and other charges from 05-07-2016. [D] DESCRIPTION OF THE IMMOVABLE PROPERTIES: SI.No. Description of the properties Reserve Price below which the property may not be sold Earnest Money to be deposited Date and time of auction 1. All that part and parcel of residential property measuring 1900 Sq.ft together with building constructed thereon bearing Plot No.6 in S.No. 99/3, Pata No. 656, Door No.7 situated at Reddy Street, Virugambakkam, Mambalam Guindy Taluk, Chennai District belonging to Mr. A.O Selvam & Mrs. Sudha Selvam and Bounded on : EAST by : Land & Buildng in Old D.No.7A, New Door No.9, WEST by : Land & Buildng in Old D.No.6, New Door No.5, Rs.1,30,00,000.00 Rs.13,00,000.00 06.12.2017 at 12.30 PM
NORTH by : Land & Building, SOUTH by : Reddy Street. 2. All that part and parcel of vacant land measuring 2400 Sq.ft bearing Plot No.8, S.No.29/2 situated at E.V.P. Alamelu Mangapuram, Orathur Village, Sriperumbudur Taluk, Kancheepuram District belonging to Mr.A.O Selvam and Bounded on : EAST by : Plot No.7, WEST by : Plot No.9, NORTH by : Vacant Plot Nos.10 & 11, SOUTH by : 23 Feet wide Layout Road. Rs.6,00,000.00 Rs.60,000.00 06.12.2017 at 1.30 PM Place of opening of the tenders received from the public: Karnataka Bank Ltd, K.K.Nagar Branch, No.10, P.T.Rajan Salai, K.K.Nagar, Chennai-600078. :TERMS AND CONDITIONS OF SALE: 1. Seperate tenders for each property in sealed covers superscribed as Tender for purchase of property-a/c M/s Chennai Medical Agencies clearly mentioning the property serial number should be accompanied with the Earnest Money Deposit mentioned herein above for the respective properties by way of Demand Draft payable at Chennai and favouring Karnataka Bank Ltd., A/c M/s Chennai Medical Agencies and the same shall be submited to the The Authorised Ofcer, Karnataka Bank Ltd, K.K.Nagar Branch, No.10, P.T.Rajan Salai, K.K.Nagar, Chennai-600078 on or before 4.00 PM on 04.12.2017 duly mentioning the amount ofered for purchase. 2. The tenders should also be accompanied with atested copy of the photo identity proof of the bidder, as may be acceptable to the Bank, along with atested copy of the PAN Card. The tenders received without Earnest Money will be summarily rejected. DDs of unsuccessful tenderers/bidders will be returned to them on the date of Auction itself and it will carry no interest. 3.The sealed tenders for sale will be opened by the Authorised Officer of the Bank in the presence of the tenderers/bidders who will be present on 06.12.2017 at the time
mentioned herein above. The bid will be open to them and an opportunity will be given to enhance the bid amount in the multiples of Rs.1,00,000=00 (for Item No.1) & Rs.10,000=00 (for Item No.2). The Authorised Officer is at liberty to accept the highest bid amount and confrm the sale in favour of the highest bidder or reject the same without assigning any reason. 4. Successful tenderer/bidder should deposit 25% of the bid amount (including the EMD) immediately on the sale being knocked down in his/her favour and the balance sale price to be remited within 15 days from the date of confrmation of the sale or any other date specifed by the Authorised Officer. 5. The successful bidder/tenderer shall bear all the legal/incidental expenses like Stamp duty, Registration fees, Local taxes, and any other Statutory dues, etc. 6. If the successful bidder/tenderer fails to remit the balance of 75% of the bid amount within 15 days from the date of confrmation of sale or any other date specifed by the Authorised Officer, the amount deposited by him/her shall be forfeited and the Bank will be at liberty to sell the property once again and the defaulting purchaser shall forfeit all claims to the property. 7. Sale is on as is where is condition subject to confrmation by the secured creditor. 8. The Authorized Officer is holding only the symbolic possession of the property and is not having the physical possession of the property. Thus the property will be handed over to the successful bidder in as is where is condition. 9. The Authorised Officer reserves the right to reject all or any of the ofers/tenders without assigning any reason or shall have the right to postpone or cancel the opening of the tenders. 10. The Authorised Officer reserves his right to vary any of the terms and conditions of this notice of sale without prior notice at his discretion. 11. As per the Income Tax Rules TDS @ 1% of Auction Price is payable by the Auction Purchaser as the purchase price would be more than Rs.50.00 Lakh & the Bank shall not take responsibility for the same.
12. For inspection of the property and verifcation of the copies of the documents/title deeds available with the secured creditor or any further details, the intending bidders or tenderer may contact the Authorised Officer, Karnataka Bank Ltd, at the address mentioned above, or The Branch Head, Karnataka Bank Ltd, K.K.Nagar Branch, No.10, P.T.Rajan Salai, K.K.Nagar, Chennai-600078 Ph: 044-23453240, 9791052265 during office hours on any working day. Place : Bengaluru Date : 25.10.2017 Sd/- Authorised Ofcer Karnataka Bank Ltd.