Trichy Junction Branch (2138), United India Building, Madurai Road, Tiruchirapalli 620 001 Ph: 0431-2467999, 2466999 E-AUCTI0N SALE NOTICE To: By Regd. Post Borrower/ Co- Borrower/ Guarantors: 1. M/S. Vasan Infra Resources Pvt. Ltd., 2. M/S. New Path Realty Holdings Pvt. Ltd., 3. Dr. A. M. Arun, S/o. Mr. Arunachalam Murugaiah, 4. Mrs. Meera, W/o. Dr. A. M. Arun, Dear Sir/Madam, Sub: Notice of 15 days for sale of immovable secured assets under Rule 8 of the Security Interest (Enforcement) Rules, 2002. 1. Corporation Bank, Tiruchirapalli Junction Branch the secured creditor, caused a demand notice dated 10.03.2016 under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the Authorised Officer, has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002. Possession notice dated 21.02.2018 issued by the Authorised Officer, as per appendix IV to the Security Interest (Enforcement)) Rules, 2002 was delivered to you and the same was also affixed to the properties mortgaged with the Secured Creditor, apart from publication of the same in newspapers.
2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession by the Authorised officer, will be sold by holding public E-auction on 12.10.2018 by inviting Bids from the public through online on http://www.matexauctions.com 3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will be conducted through E-Auction mode on the date and time mentioned in the enclosed terms of sale. Yours faithfully Place : Trichy. Date : 11.09.2018 AUTHORISED OFFICER CORPORATION BANK Encl: Terms of sale
TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS: 1. Name and address of the Borrower and Guarantor Borrower/ Co- Borrower/Guarantor 1. M/S. Vasan Infra Resources Pvt. Ltd., 2. M/S. New Path Realty Holdings Pvt. Ltd., 3. Dr. A. M. Arun, S/o. Mr. Arunachalam Murugaiah, 4. Mrs. Meera, W/o. Dr. A. M. Arun, 2. Name and address of the Secured Creditor : Corporation Bank, Trichy Junction Branch, United India Building, Madurai Road, Tiruchirapalli 620 001 Ph : 0431-2467999, 2466999 3. Description of immovable secured assets to be Sold: PROPERTY -1 Item -1 office, Siruganur Village, Ayen Punjai Survey No.594/1 extent acre1.00 cent, out of eastern side of Acre 2.00 cent out of southern side of Acre 3.68 cents situated within the following four boundaries. North by Property belonging to Arasan South by Property belonging to V.J.P. College East by Property belonging to Subramanian & Sivakumar West by Property belonging to Arasan Within this four boundaries an extent of Acre 1.00 Item -2 office, Siruganur Village, Ayen Punjai Survey No.594/1 extent Ac.0.84 cents out of western side of acre 1.68 cents out of northern side of acre 3.68 cents situated within the following four boundaries, North by Property belonging to Subramanian & Sivakumar South by Property belonging to Arasan East by Property belonging to Arasan West by Property belonging to Subramanian & Sivakumar Within this four boundaries an extent of Acre 0.84 cents with all pathway right and easement right, the property is Situated at Siruganur Village within the limits of Manachanallur Tk, Tiruchirapalli Dt. PROPERTY -2 Item -1 office, Siruganur Village, Ayan Punjai Survey No.590/1D extent Acre 0.20 cents out 0.60 cent situated within the following four
North by Property in S.F.No.590/ 1D South by Property in S.F.No.590/1E East by Property in S.F.No.590/3 West by Property in S.F.No.590/1B Within the four boundaries, an extent of 0.20 cent equal to 8712 sq.ft (809.36 sqmt) with usual pathway and easement right pertaining to the property. The property is situated at Siruganur Village within the limits of Mannachanallur Taluk, Tiruchirapalli District. Item -1 PROPERTY-3 office, Siruganur Village, Ayan Punjai Survey No.590/1E extent 0.17 cent full extent. Item -2 office, Siruganur Village, Ayan Punjai Survey No.590/3 extent acre 0.43 cent out of acre 2.31 cent within the four North by Property in S.F.No.590/3 South by Property in S.F.No.590/9 East by Property in S.F.No.590/9 West by Property in S.F.No.590/1D Within the four boundaries, an extent of 0.43 cents. Item-3 office, Siruganur Village, Ayan Punjai Survey No.590/4 extent 0.52 cents full extent. Item-4 office, Siruganur Village, Ayan Punjai Survey No.590/5 extent 0.27 cents full extent. Item -5 office, Siruganur Village, Ayen Punjai Survey No.590/6 extent 0.11 cents out of acre 0.16 cents within the four North by Property in S.F.No.590/6 South by Property in S.F.No.590/8 East by Property in S.F.No.650/1A West by Property in S.F.No.590/3 Within the four boundaries, an extent of 0.11 cents. Item -6 office, Siruganur Village, Ayen Punjai Survey No.590/7 extent 0.06 cents full extent. Item-7 office, Siruganur Village, Ayen Punjai Survey No.590/8 extent 0.18 cents full extent. Item-8 office, Siruganur Village, Ayen Punjai Survey No.590/9 extent 0.76 cents out of 0.82 cents within the four North by Property in S.F.No.590/3 South by Others Property East by Property in S.F.No.590/3 & 8 West by Property in S.F.No.590/1E & 4 Within the four boundaries, an extent of 0.76 cents.
Item -9 office, Siruganur Village, Ayen Punjai Survey No.593/1 extent 3.26 cents out of acre 13.61 cents [excluding road surrender] within the four North by S.F.No.593/1 South by S.F.No.593/1 East by Tiruchirapalli Chennai Highways West by Property m S. F No. 594/3 and SF No. 594/4 Within the four boundaries, an extent of acre 3.26 cents. Item-10 office, Siruganur Village, Ayen Punjai Survey No.594/3 extent 0.81 cents full extent. Item-11 office, Siruganur Village, Ayen Punjai Survey No.597/2 extent acre 1.15 cents (but actual extent 0.71 cents) full extent. Item:12 office, Siruganur Village, Ayen Punjai Survey No.650/1A extent acre1.40 cents out of acre 8.57 cents within the four North by Property in S.F.No.650/1A South by S.F.No.650/ 1B East by S.F.No.650/1B West by Property in S.F.Nos.590/5,8 & 6 Within the four boundaries, an extent of acre 1.40 cents. Total of items 1 to 12 extent Acre 9.12 cents (Hectare 3.69.23 ares). With all pathway right and easement right, the property is situated at Sriuganur Village within the limits of Mannachanallur Taluk, Tiruchirapalli District. PROPERTY -4 Item1: Tiruchirapalli Registration District, Tiruchirapalli Joint 1 & 2 Sub Registry, Srirangam Taluk, K.Kallikudi South, Punjai old Survey No.446/2A, UDR Survey No.222/2A Hectare 7.89.5 to that Acre 19.50 cents on its southern side Acre 11.50 on its western side 0.24 1/2 cent taken for road by government and on western side 18 meter wide 0.45 cents left for memorial building of S. Ramasamy Mudaliar Founder of the Trust, remaining acre 10.81 on it s southern side Acre 4.99 cent situated within the following four North by Survey No.223/2A & 224/1 South by Nagajothi & Lavanya Nagajothi land in S.F. No.222/2A East by Survey No.225/1 and 222/2B lands West by Tiruchirapalli Madurai Main Road Item-2 In the above village old Survey No.458/1 UDR Survey No.225/1. Hectare 0.36.5 in Acre 0.90 cents situated within the following four North by Survey No.225/2A South by Survey No.225/2B West by Survey No.222/3A East by Survey No.222/2A Both items in total Acre 5.89 cents. The properties are in Manikandam Panchayat Union limits.
PROPERTY-5 Tiruchirapalli Registration District, Tiruchirapalli Joint 1 & 2 Sub Registry, Srirangam Taluk, K.Kallikudi South, Punjai old Survey No.460/1, UDR Survey No.223/1. Hectare 0.60.5 to that in Acre 1.49 cent on its western side 0.64 cent land taken by government, remaining acre 1.45 cent land situated within the one four East by Madurai Road North by Survey No.223/2A South & West by New Path Realty Holding P Ltd property on the southern side of Survey No.222/2A The property is in Manikandam Panchayat Union limits. PROPERTY -6 Tiruchirapalli Registration District, Tiruchirapalli Joint 1 & 2 Sub Registry, Srirangam T aluk, K.Kallikudi South, Punjai old Survey No. 458/2A, UDR Survey No.225/2A -Hectare 1.56.5 to that Acre 3.87 Punjai old Survey No.459/ 1, Sub Division Survey No.224/1 Hectare 1.78.0 to that Acre 8.27 Cent Combined with adjacent lands formed and named as Kongu Town housing layout as per NOC No.9/2001 in which out of Plot Nos. 146 to 157-12 plots extent 26158 sq.ft. The Plot Nos.l46 to 157 plots in total 12206 sq,ft situated within the one Four Boundary North by 23 feet wide road South by New Path Realty Holdings P Ltd Property West by Plot No.145 East by AMS Periasamy Investment P Ltd Plot No.151 Within that 12206 sq.ft vacant plot with usual pathway right and easement right. 4.The details of encumbrances, if any known to the Secured Creditor 5. Last date for submission of EMD 11.10.2018-05.00 PM. Nil 6. Date & Time of auction 12.10.2018-11.30 AM to 12.30 PM (with 10 min unlimited auto extensions) E-auction website-http://www.matexauctions.com 7.The secured debt for the recovery of which the As on 10.03.2016 is Rs.13,00,18,594/-+ Future immovable secured asset is to be sold: Interest, Cost thereon (Rupees Thirteen Crore Eighteen 8.Reserve price for the properties below which the immovable property may not be sold: Thousand Five Hundered Ninety Four + Future Interest, Cost thereon ) Property- 1 to 3 : Rs.4,72,00,000/- (Rupees Four Crore Seventy Two Lakhs Only) Property- 4 to 5 : Rs.10,52,00,000/- (Rupees Twelve Crore Only) Property- 6 : Rs. 60,00,000/-(Rupees Sixty Lakh Only) 9. The intending bidder shall deposit with the Authorised Officer an amount equivalent to10% of reserve price by way of Earnest Money Deposit in the account of Authorised Officer, Corporation Bank, Tiruchirapalli Junction by Demand Draft or NEFT/RTGS or through Internet payment to Account No.510101006494391(Property No:1 to 3 );, 510101006494416(Property No:4,5,6);,and IFSC Code CORP0002138, at the same time bidder has to submit the e-bid form available on http://www.matexauctions.com website before the date and time mentioned above and shall obtain written receipt thereof from the branch/authorised Officer. The intending bidders shall mention the property Item for which the EMD has been tendered. 10. Full name and address of the bidder with their identity proof and PAN card has to be furnished while filling up the e-bid form on http://www.matexauctions.com website. 11. Bank, the Secured Creditor, reserves the right to accept / reject the highest bid without assigning any reason thereof or to cancel the sale. 12. In case of bidding the same shall not be less than Rs.1,00,000/- in excess of highest bid amount or the immediate preceding bid, as the case may be. with multiple increment value of Rs.1,00,000/- 13. The sale will be confirmed in favour of the highest bidder and the confirmation of sale shall be subject to the confirmation by the Secured Creditor.
14. The successful bidder so declared by the Authorised Officer shall then and there tender 25% of the amount of sale price in Cash/DD/RTGS/NEFT/Internet transfer /Cheque subject to realisation, less the sum deposited way of EMD, with the Authorised Officer conducting the sale and the balance amount of purchase price shall be paid to the authorized Officer before 15th day of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties. 15. In default of payment of balance amount of purchase price before 15 days from the date of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties, the deposit of 25% of the amount of sale price made shall be forfeited and the property shall forthwith be sold again and the defaulting purchaser shall forfeit all claim on the property or to any part of the sum for which it may be subsequently sold. 16. On confirmation of sale by the secured creditor and if the terms of payment have been complied with by the successful tenderer / bidder, the Authorised Officer shall issue a certificate of sale of immovable property in favour of the purchaser in Appendix-V to the Security Interest (Enforcement) Rules, 2002. 17. The Authorised Officer may, where the property sold is subject to any encumbrances, if he thinks fit, allow the purchaser to deposit with him the money required to discharge the encumbrances and any interest due thereon together with such additional amount that may be sufficient to meet the contingencies or further costs, expenses and interest as may be determined by him. 18. On such deposit of money for discharge of encumbrances, the Authorised officer may issue or cause the purchaser to issue the notices to the persons interested in or entitled to the money deposited with him and take steps to make the payment accordingly 19. Legal charges for conveyance, stamp duty and registration charges as applicable will be borne by the successful bidder. 20. The Authorised Officer will deliver the property to the purchaser free from encumbrances, known to the Secured Creditor on deposit of money by the purchaser towards the discharge of such encumbrances. 21. The certificate of sale will be issued specifically mentioning whether the purchaser has purchased the immovable/movable secured assets free from any encumbrances known to the secured creditor or not. 22. The unsuccessful Bidders who have deposited EMD shall be entitled to have the same refunded without any interest immediately after the confirmation of sale by the Authorised Officer. 23. If the Borrower were to pay to the Authorised Officer the entire amount due, with the up-to-date expenses including the expenses in taking possession and conducting the sale, to the secured creditor before e-auction, the sale by E auction may be cancelled by the Authorised Officer. 24. The above movable/immovable secured assets will be sold in As is where is and As is What is condition. 25. The intending bidders may, if they choose, after taking prior appointment from the Authorised Officer, inspect the immovable/movable secured assets to be sold before the date of E-Auction. 26. The entire sale consideration shall be exclusively available for appropriation towards dues to the Bank and it is exclusive of encumbrances of all statutory dues and other dues if any, all of which have to be paid / settled by the proposed purchaser out of his own sources. 27. The E-auction will be conducted through portal http://www.matexauctions.com e-mail: matex@matexnet.com Contact Person: Sambath, Mobile No.99441 71360 on 12.10.2018 from 11.30 AM to 12.30 PM with unlimited extension of 10 Min. The intending bidder is required to register their name at Matex Net Pvt. Ltd and get user ID and password free of cost and get training / on-line training on E-Auction from http://www.matexauctions.com Email: matex@matexnet.com 28. To the best of Information and Knowledge of the Authorised Officer, there is no encumbrance on the property. However the intending bidders should make their own independent enquiry regarding the encumbrances, title of the property put on auction and the claims / rights/ dues affecting the property, prior to submitting their bid. The E Auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation of the Bank to sell the property and the Authorised Officer has right to cancel the auction without assigning any reason. The Authorised Officer/ Secured Creditor shall not be responsible in any way for any third party claims/rights/dues. Place: Trichy Date : 11.09.2018 CORPORATION BANK AUTHORISED OFFICER