-------------------------------------------------------------------------------------------------------------------- RO:CHEN:RECV:2016-17: 616 Dt. 19/09/2016. Notice of intended sale under Rule 8 of the Security Interest (Enforcement) Rules 2002 under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 M/s.KUSHAL EDUCATIONAL TRUST, KALLAKURICHI- VILLUPURAM DT- 606202 BY SPEED POST WITH A/D Mr. T. MANOHAR KUMAR SURANA CHAIRMAN AND MANAGING TRUSTEE M/s.KUSHAL EDUCATIONAL TRUST, 113, SALEM MAIN ROAD, VILLUPURAM- 606202 Mob-9443226397 Sirs, Sub: Your credit facility with Kallakurichi Branch. Facility & Account name and Number Limit /Amount Balance Due as on Sanctioned 13/09/2016 Term Loan- Account #1905759633 Rs.6,70,00,000/- Rs.9,60,46,052.00 M/s. KUSHAL EDUCATIONAL TRUST - You had availed above mentioned credit facility from Central Bank of India, Kallakurichi Branch. The repayments of the said loans are inter alia secured by mortgage of schedule mentioned properties in the sale notice enclosed. You failed to pay the outstanding to the Bank and therefore you were called upon to pay the outstanding balance amount of Rs. 8,57,39,541.00 (Which represents Principal plus Interest charged up to 02/11/2015 and further interest thereon from 03/11/2015), vide our demand notice dated 06/11/2015 issued under Section 13(2) of the Security Interest Act. It was made clear that if the payment is not made within 60 days, Bank will be constrained to exercise its rights by taking possession of the securities. As you failed to make payment, the Authorised Officer took possession of the securities more fully described in the schedule hereunder on 28/01/2016. As per Section 13(4) of the Act, the Bank is entitled to effect sale of the same and realize the proceeds towards costs, charges, expenses and outstanding balance with further interest due thereon. Accordingly, the authorised officer intends selling the secured assets described in the schedule hereunder. The sale is intended to be carried out by Chennai by way of e auction platform provided at the website https://www.bankeauctions.com on such terms and conditions as per the details of the sale notice attached herewith which is forming part of this notice. The last date for submission of EMD through the web portal will be on 24.10.2016 before 4.00 PM Date and time of auction will be 26/10/2016: 11.00 AM to 12.00 NOON. Yours Sincerely AUTHORISED OFFICER Encl: Sale Notice Copy to Guarantors: Mr. TEJRAJ SURANA, Mr. T. MANOHAR KUMAR SURANA 113, SALEM MAIN ROAD, VILLUPURAM-606202 Mr. T.ASOKE KUMAR, Smt. T.SOHAN KUMARI DEVI, Smt. INDIRA BAI, VILLUPURAM DT Smt. ANJU SURANA 113, SALEM MAIN ROAD,
----------------------------------------------------------------------------------------------------------- E - AUCTION SALE NOTICE Sale of Immovable properties mortgaged to the Bank under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (No.54 of 2002) SARFAESI ACT). Whereas M/s.KUSHAL EDUCATIONAL TRUST, Mr. T. MANOHAR KUMAR SURANA,CHAIRMAN AND MANAGING TRUSTEE and Guarantors Mr. TEJRAJ SURANA, Smt. T.SOHAN KUMARI DEVI, Mr. T. MANOHAR KUMAR SURANA, Smt. INDIRA BAI, Mr. T.ASOKE KUMAR and Smt. ANJU SURANA had defaulted to Central Bank of India, Kallakurichi Branch and owe a sum of Rs.9,60,46,052.00 as on 13/09/2016 and further interest and charges thereof. Central Bank of India, through its Authorised Officer had taken possession of the mortgaged property and the Bank has decided to sell the properties as described here in below in as is where is and as is what is condition under Section 13(4) (a) of SARFAESI ACT 2002, read with rule 8 to 9 of the Security Interest (Enforcement) Rules, 2002. The last date for submission of EMD through the web portal will be before 4.00 P.M on 24/10/2016. DATE / TIME OF E-AUCTION 26/10/2016. 11.00 AM to 12.00 NOON Property wise Reserve Price,EMD and Bid increase amount is given below: [Amount in lacs] For Property Reserve Price EMD Bid increase by In Serial No 1 Rs.1634.80 lacs Rs.163.50 lacs Rs.5.00 lacs In Serial No 2 Rs. 637.20 lacs Rs. 63.80 lacs Rs.1.00 lacs In Serial No 3 Rs. 234.25 lacs Rs. 23.50 lacs Rs.1.00 lac In Serial No 4 Rs. 66.10 lacs Rs. 6.60 lacs Rs.0.25 lac
DESCRIPTION OF PROPERTIES Description of the mortgaged properties 1 Description of properties standing in the name of MR. T.MANOHAR KUMAR SURANA,CHAIRMAN of M/S. KUSHAL EDUCATIONAL TRUST LAND & BUILDING : Housing the college in the name of TSM Jain College of Engineering In RS NO 131/1 2 3 4A 135/1 2 3 4 5 6 7 & 8 AT MELUR adeasuring 22.25 acres with Document No 2604 dated 13.06.2008 /Patta No: 534 In Melur village,kallakruichi Panchayat and Taluk,Kallakurichi Regn dist, Chinnasalem SRD Within the boundaries :North -Road,South Land belonging to Bhuvaneswari East Land belonging to Tejraj,West- Land belonging to Murugappa Polytechnic. [amount in lacs] Reserve price 1634.80 1) RCC terraced three storied class room building for engineering college with plinth area 38,672.50 Sq.Ft in each floor. 2) RCC terraced single storied building for Boy s Hostel with plinth area 12867.75 Sq.Ft. 3) RCC terraced two storied building for Mechanical block with plinth area 8545.38 Sq.Ft in each floor. 4) RCC terraced single storied building for lumber/store with plinth area 1050.00 Sq.Ft 5) RCC terraced single storied building for Generator with plinth area 386.06 Sq.Ft -with a Portico of 1261.75 Sq.Ft and other amenities like Borewell, cycle shed etc. 2 Property standing in the name of MR. T.MANOHAR KUMAR SURANA. INSTITUTE BUILDING AND LAND - Housing the institute in the name of Radhakrishnan Teacher Training Institute and Oli Matriculation School at Kaniyamur 637.20 In Kallakurichi Regn. Dist, Chinnasalem SRD, Kaniyamur village.in Dry RS No 263/1B, New No 263/1B 2 out of 0.80.0 Hectare/ out of 2.07 Acre, Land admeasuring 1.06 acre, Dry RS No 38/2 out of 0.89.0 Hectare,Land admeasuring 2.20 acre,& Dry Rs No 39/2 out of 1.99.0 Hectare, Land admeasuring 4.92 acre in all Land total Admeasuring 8.18 Acres: situated Within the Boundaries : North land of Indira Bai, South Road,East Land of Perumayee and West Land of Muthu 1).RCC terraced double storied class room main building for integrated B.Ed college with Plinth area 9169 Sq.Ft in each floor 2).RCC terraced double storied class room building for Oli matriculation school with plinth area 5090 Sq.Ft in Ground Floor and 4893 Sq.Ft in first floor 3).RCC terraced double storied building for Boy s hostel and yoga education in Block III with Plinth area 3402 Sq.Ft in each floor. 4).RCC terraced double storied building for Ladies hostel in Block IV with Plinth area 3622 Sq.Ft in each floor 5).RCC terraced double storied class room class room building for B.Ed college with Plinth area 7120 Sq.Ft in each floor.
Description of the mortgaged properties [amount in lacs] Reserve price 3 HOUSE PROPERTY IN NAME ON TEJRAJ SURANA 234.25 IN KALLAKURICHI RD AND KALLAKRUICHI JOINT II SUB REGISTRAR OFFICE IN KALLAKURICHI TALUK AT KALLAKURICHI TOWN IN DOOR NO 26A, VELLALAR STREET, SALEM MAIN ROAD,KALLAKURICHI. In the above,gramanatham RS No 314/1A half common share out of the Total Extent mentioned below. EAST to Old Vellalar street and new Salem main road, SOUTH to Thaiyal Venkatachalam pillai s terraced house and transferred to Susila Kumari s property, WEST to Tejraj and Powerlal Surana s property purchased from Muthusamy Pillai and others and NORTH to Poosali gounder alias Thandavaraya Gounder s house. Within this boundaries admeasuring, South North 29 feet and East west 94 feet In the above Dry RS No 279/18 out of 33 Cent within the boundaries - EAST to Powerlal Surana and Tejraj Surana s house WEST to Chinnammal s site SOUTH to Susilakumari Devi s Land and NORTH to Chinnammal Pavadai Gounder, Govindarajalu Naidu, Rengasamy Vagaiyara and others houses Within this boundaries admeasuring East West on North side 98 feet and South side 96 feet and south north 28 feet- Total 6 Cent [half common share belonging to Tejraj surana] -Total extent of the site admeasuring 5528.50 Sq.Ft with a double storied RCC terraced mixed residential building in Two floors with plinth are admeasuring 2519 Sq.Ft in Ground floor and 2145 Sq.Ft in First Floor and MTR head room of 154 Sq.Ft
Description of the mortgaged properties [amount in lacs] Reserve price 4 VACANT RESIDENTIAL SITE IN NAME OF ANJU SURANA 66.10 RS NO 326/11 326/7B 10 11B 12 14 16 17 PLOT NO 25 30 31 TMS NAGAR KALLAKURICHI ADMEASURING 8640 SQ FT In the RS No 326/11--- out of 2.94 Acre admeasuring East West 36 feet and North South 60 feet in Total 2160 sq.ft within the following Boundaries : EAST to the Garden gifted by Paramasiva Gounder to the Panchayath union,west and NORTH to Paramasiva Gounder s property now purchased by Smt. ANJU and SOUTH to the 23 feet East West Common pathai gifted by Paramasiva Gounder to Kallakurichi municipality. In the above RS No 326/11-PLOT No 25 with 2160 sq ft out of 1.21 Acre with the following Boundaries :EAST to Plot No 26, WEST to Plot No 24, NORTH to Plot No 30 and South to 23 feet street In the above RS No 326/11-PLOT No 30 with 2160 sq. ft. with the following Boundaries : EAST to Plot No 29, WEST to Plot No 31, SOUTH to Plot No 25 and NORTH to 23 feet street admeasuring East to West 36 feet and South to North 60 feet. In the above RS No 326/11- PLOT No 31 with 2160 sq. ft. with the following Boundaries : EAST to Plot No 30, WEST to the garden/park, SOUTH to Plot No 24 and NORTH to 23 feet street, admeasuring East to West 36 feet and South to North 60 feet. Total area of the plots admeasuring 8640 SQ.FT. IN RS NO 326/11 Total 2572.35
Terms and conditions 1. The e-auction is being held on AS IS WHERE IS and AS IS WHAT IS BASIS and NO COMPLAINT condition 2. The auction sale will be Online E-Auction/Bidding through website https://www.bankeauctions.com on 26/10/2016 from 11.00AM to 12.00 NOON 3. Intending bidders shall hold a valid Digital Signature Certificate, e-mail address and PAN number. For details with regard to Digital Signature Certificate please contact M/s C1India Pvt Ltd., E- Mail ID: support@bankeauctions.com or shrinatth.narasimhaan@c1india.com 4. Bidders are required to go through the website https://www.bankeauctions.com for detailed terms and conditions of auction sale before submitting their bids and taking part in the e-auction sale proceedings. 5. To the best of knowledge and information of the Authorized Officer, there is no encumbrance on property affecting the security interest. However, the intending bidders should make their own independent inquiries regarding the encumbrances, title of property put on auction and 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. The property is being sold with all the existing and future encumbrances whether known or unknown to the bank. The Authorised Officer/ Secured Creditor shall not be responsible in any way for any third party claims/ rights/ dues. 6. It shall be the responsibility of the bidders to inspect and satisfy themselves about the asset and specification before submitting the bid. The inspection of property put on auction will be permitted to interested bidders at site on 21/10/2016 from 10.00 a.m to 5.00 p.m. 7. The above mentioned amount should be remitted towards EMD through RTGS/NEFT to Account No 3025227047 of Central Bank of India Egmore, Chennai 600008 IFSC Code CBIN0283026. Cheques or demand draft shall not be accepted as EMD amount. 8. Prospective bidders are advised to obtain user id and password which are mandatory for bidding in the above e auction from M/s C1India Pvt Ltd., helpline 01204888888,+91-9843567098, E mail support@bankeauctions.com or shrinatth.narasimhaan@c1india.com. Passwords will be allotted only to those bidders who fulfill all the terms and conditions of e-auction and have deposited the requisite EMD. And for further property related query you may contact Branch Manager Central Bank of India, Kallakurichi branch, Tel. No. 04151-222436 Mobile-8489940110 e-mail ID: bmchen0891@centralbank.co.in during office hours i.e.10 AM to 5 PM during the working days. 9. After Registration by the bidder in the Web Portal, the intending bidder/ purchaser is required to get the copies of the following documents uploaded in the Web Portal before last date of submission of the bid viz. i) Copy of the NEFT/RTGS Challan; ii)copy of PAN Card; iii) Proof of Identification (KYC) viz. self-attested copy of Voter ID Card/ Driving License/ Passport etc. iv)copy of proof of address; without which the bid is liable to be rejected. 10. The interested bidders, who have submitted their bid not below the Reserve Price through online mode before 4:00 PM on 24/10/2016 shall only be eligible for participating the e-bidding process. The e-auction of above properties would be conducted exactly on the scheduled Date & Time as mentioned against each property by way of inter-se bidding amongst the bidders. The bidder shall improve their offer in multiple of the amount mentioned under the column Bid Increase Amount. In case bid is placed in the last 5 minutes of the closing time of the e-auction, the closing time will automatically get extended for 5 minutes (subject to maximum of unlimited extensions of 5 minutes each). The bidder who submits the highest bid amount (not below the Reserve Price) on closure of e-auction process shall be declared as Successful Bidder and a communication to that effect will be issued which shall be subject to approval by the Authorised Officer/Secured Creditor. 11. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded. The Earnest Money Deposit shall not bear any interest. The successful bidder shall have to deposit 25% of, the auction price less the EMD already paid, within 24 hours of the acceptance of bid price by the Authorised Officer and the balance 75% of the sale price on or before 15th day of sale or within such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. If any such extension is allowed, the amount deposited by the successful bidder shall not carry any interest. In case of default in payment by the highest and successful bidder, the amount already deposited by the bidder shall be liable to be forfeited and property shall be put to re-auction and the defaulting bidder shall have no claim/ right in respect of property/ amount. 12. The authorized Officer is not bound to accept the highest offer and the authorized officer has absolute right to accept or reject any or all offer(s) or adjourn/postpone/cancel the e auction without assigning any reason thereof. 13. The sale is subject to the confirmation of the Bank. Date : 19/09/2016 Place : Chennai AUTHORISED OFFICER CENTRAL BANK OF INDIA