HARISREE BUILDINGS, 29/1307G, VYTTILA, ERNAKULAM - 682 019 TELEPHONE : 0484-2305677/2305711 Date: 28/10/2016 To NOTICE OF 30 DAYS FOR SALE OF IMMOVABLE/MOVABLE SECURED ASSETS UNDER RULE 8(2) OF THE SECURITY INTEREST (ENFORCEMENT) RULES, 2002 BY E-AUCTION M/S SREEBHADRA CONSTRUCTIONS (OFFICE ADDRESS) 1. PROP : M MOHANAN 37/1622-B, 1 ST FLOOR, JNRA-138 111/76, MURUTHATTIL HOUSE, IRIMPANAM JAWAHAR NAGAR, KADAVANTHARA P O TRIPUNITHURA, ERNAKULAM NEAR SBI, ELAMKULAM KOCHI-682 020 M MOHANAN N RADHAKRISHNAN, S/O LATE NARAYANA PILLAI 2. 7/35 A (5/35), MURUTHATTIL HOUSE 3. KAVISSERY HOUSE, AIMURI P.O KANJIRAMATTOM PO, AMBALLOOR KOOVAPPADY VILLAGE, PERUMBAVOOR THRIPUNITHURA, ERNAKULAM - 682315 ERNAKULAM DISTRICT Dear Sir/Madam, Sub: Notice of 30 days for sale of immovable secured assets under Rule 8(2) of the Security (Enforcement) Rules, 2002 1. Corporation Bank, Vyttila Branch, the secured creditor, caused a demand notice dated 09.07.2013, 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, have 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 24.09.2013 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 movable/immovable secured assets that have been taken possession of by the authorised officer, will be sold by inviting tenders cum public auction from the public on 08.12.2016 between 11.45 am and 1.15 p.m through online on www:matexauctions.com. 3. You are also requested to ensure participation by parties interested in buying the movable/immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note the tenders received will be opened by the undersigned at the place and time mentioned in the enclosed terms of sale. Place : Ernakulam Date : 28/10/2016 Encl: Terms of sale Yours faithfully, AUTHORISED OFFICER
VYTTILA BRANCH TERMS AND CONDITIONS OF SALE OF IMMOVABLE/MOVABLE SECURED ASSETS: 1) Name and addresses of the / 1. M/S SREEBHADRA CONSTRUCTIONS OFFICE ADDRESS PROP : M MOHANAN 37/1622-B, 1ST FLOOR, JNRA-138, JAWAHAR NAGAR 111/76, MURUTHATTIL HOUSE, IRIMPANAM KADAVANTHARA P O, NEAR SBI, ELAMKULAM TRIPUNITHURA, ERNAKULAM KOCHI-682 020 2. M MOHANAN 7/35 A (5/35), MURUTHATTIL HOUSE KANJIRAMATTOM PO, AMBALLOOR TRIPUNITHURA, ERNAKULAM -682 315 2) Name and address of the Secured Creditor (Branch of the Bank) 3) The description of immovable secured assets, to be sold/auctioned by inviting tenders though online e- auction 3. N RADHAKRISHNAN S/O LATE NARAYANA PILLAI KAVISSERY HOUSE, AIMURI P.O KOOVAPPADY VILLAGE, PE RUMBAVOOR, ERNAKULAM DISTRICT VYTTILA BRANCH HARISREE BUILDING, 29/1307G, VYTTILA, ERNAKULAM - 682 019 TELE : 0484-2305677. 2305711 Property I : An extent of 3.3 Ares(8.25 cents) of land and building thereon (2700 Sq Ft built up area over GF/FF) in Re Sy No 585/15, Block 22, Amballur, Kanayannur Taluk, Ernakulam Dist, owned by M Mohanan, with boundaries shown below: East Properties of Janaki & Sobha South Property of Mary North Panchayath Road & Property of Jayan West Property of Sulaiman 4) The details of encumbrances, if any, known Nil 5) Last date for submission of EMD & e-bid Form On or before 06.12.2016 before 5.00 PM Bidders have to submit EMD through NEFT/RTGS at Authorised Officer, SARAFAESI a/c at our Vyttila branch Account No.067200201000300 and IFSC Code-CORP0000672 6) The date, time of auction e-auction date & time Between 11.45 am and 1.15 p.m on 08.12.2016 7) The secured debt for the recovery of which the immovable secured asset is to be sold (With 10 min unlimited auto extension) Rs.1,56,18660.20 (Rupees One crore fiftysix lakh eighteen thousand six hundred sixty and paise twenty only) with interest and costs from the date of demand notice onwards less amount already recovered.
E-auction website - www.matexauctions.com Increment value Rs. 10000/- & such multiples for each property 8) Reserve price for the properties below which the movable/immovable property may not be sold: Rs.40,00,000/- (Rupees forty lacs) 9) The intending tenderer / bidder shall deposit with the Authorised Officer an amount equivalent to 10% of reserve price of respective properties by way of Earnest Money Deposit in the account of Authorised Officer, Corporation Bank,Vyttila (0672) Branch by NEFT/RTGS to account No.067200201000300 and IFSC Code-CORP0000672, at the same time bidder has to submit the e-bid form available on Matex Net Pvt Ltd s website/ before the date and time mentioned above and shall obtain written receipt thereof from the branch/authorised Officer. Separate tender shall be submitted for each property coupled with EMD. 10 Full name and address of the tenderer / bidder with their identity proof and PAN card has to be furnished to the Authorised Officer while filling up the e-bid form on Matex Net Pvt Ltd s website. www.matexauctions.com 11 A Bidder should have valid digital signature certificate (Class- ii/iii) to participate in to eauction. 12 Bank, the Secured Creditor, reserves the right to accept / reject the highest bid of auction / without assigning any reason thereof or to cancel the sale by calling bids from public. 13 The case of auction, further bid shall not be less than Rs.10,000/- in excess of highest bid amount or the immediate preceding bid, as the case may be. with multiple increment value of Rs.10,000/-. 14 The sale will be confirmed in favour of the highest tenderer / bidder and the confirmation of sale shall be subject to the confirmation by the Secured Creditor 15 The successful tenderer / bidder so declared by the Authorised Officer shall then and there tender 25% of the amount of sale price by NEFT/RTGS to account No.067200201000300 and IFSC Code-CORP0000672, less the sum tendered/ bid by 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. 16 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 to the property or to any part of the sum for which it may be subsequently sold. 17 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 movable/immovable property in favour of the purchaser in Appendix-V to the Security Interest (Enforcement) Rules, 2002. 18 The Authorised Officer may, where the immovable 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. 19 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 20 Legal charges for conveyance, stamp duty and registration charges as applicable will be borne by the successful Purchaser. 21 The Authorised Officer will deliver the immovable 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 22 The certificate of sale will be issued specifically mentioning whether the purchaser has purchased the immovable secured assets free from any encumbrances known to the secured creditor or not. 23 The unsuccessful tenderers 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. 24 If the 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 tender cum public auction may be cancelled by the Authorised Officer. 25 The above movable/immovable secured assets will be sold in As is where is and What is there is condition. 26 The intending tenderers may, if they choose, after taking prior appointment from the Authorised Officer, inspect the immovable/movable secured assets to be sold before the date fixed for submission of tender. 27 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. 28 The sale shall be subject to the outcome of SA No. 75/2015 pending before the Hon ble DRT,Ernakulam. Date : 28/10/2016 Place : Ernakulam Authorized Officer Corporation Bank
, VYTTILA BRANCH HARISREE BUILDING, 29/1307G VYTTILA, ERNAKULAM - 682 019 TELE : 0484-2305677. 2305711 E-AUCTION NOTICE E-AUCTION Where as the Bank acting through its Authorised Officer, in exercise of its powers under Section 13(4) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESIA) has decided to put up for E-auction the Schedule-1. Properties for realization of the debts due to the Bank, upon the following terms and conditions; Conditions of E-Auction a) E-Auction is being held on AS IS WHERE IS, WHATEVER IS THERE AND WITHOUT RECOURSE BASIS and the Bank is not responsible for title, condition or any other fact affecting the property. b) The E-auction will take place through portal www.matexauctions.com on 08/12/2016 from 11.45 am and 1.15 p.m. c) The intending purchaser/bidder is required to submit amount of EMD by way of NEFT/RTGS in the account of Authorised Officer- SARFAESI Auctions, Corporation Bank,Vyttila Branch account No. 067200201000300 and IFSC Code-CORP0000672 upto 5p.m on 06.12.2016 and register their name at www.matexauctions.com and get user ID and" password free of cost and get training on E-Auction from Matex Net Pvt Ltd, Statue Junction, Tripunithura, Cochin 682 301 (Contact no. 0484-4015150, Cell No. 94473 79770, Email seshadri@matexnet.com & kochi@matexnet.com. d) For detailed procedure and terms and conditions of E-Auclion, interested bidder may visit www.matexauctions.com & download business rule document. Interested bidders may also get in touch with service provider on above mentioned number. e) The particulars specified in Schedule 1 have been stated to the best of information of the Bank and the Bank will not be answerable for any error, mis-statement or omission. f) For the reasons recorded, it shall be in the discretion of the Authorised Officer to cancel the auction proceeding for any reason and return the EMD submitted and Bank would not entertain any claim or representation in that regard from the bidders. g) The person declared to be the successful bidder shall deposit 25% (twenty five percent) of sale price, less EMD deposited immediately and remaining amount shall be paid within 15 days from the date of auction. In case of failure to adhere any payment schedule, the amount paid will be forfeited and Authorised Officer will be at liberty to cancel the auction and conduct fresh auction. h) On receipt of the entire sale consideration the Authorised Officer shall issue the Sale Certificate and the sale shall be complete thereafter and the Bank shall entertain no claims. i) Nothing in this notice constitutes or will be deemed to constitute any commitment or representation on the part of the Bank to sell the property. Bank reserves the right to cancel the sale for any reason it may deem fit or even without assigning any reason and such cancellation shall not be called in question by the bidders. j) The Bank reserves its right to accept, reject any or all bids at any stage and vary, modify and waive any condition of sale in its absolute discretion, k) The sale shall be subject to the outcome of SA No. 75/2015 pending before the Hon ble DRT,Ernakulam.
08.12.2016- from 11.45 am and 1.15 p.m Properties held by the Authorised Officer of the Bank as per details set out hereunder:- NAME AND ADDRESS OF THE BORROWERS 1. M/S Sreebhadra Constructions (Prop : M Mohanan), 111/76, Muruthattil House, Irimpanam Tripunithura, Ernakulam 2. M Mohanan, 7/35 A (5/35), Muruthattil House, Kanjiramattom PO, Amballoor Tripunithura,Ernakulam -682 315 OFFICE ADDRESS 37/1622-B, 1ST FLOOR, JNRA-138 JAWAHAR NAGAR, KADAVANTHARA P O NEAR SBI, ELAMKULAM KOCHI-682 020 3. N Radhakrishnan S/O Late Narayana Pillai Kavissery House, Aimuri P.O Koovappady Village, Perumbavoor Ernakulam District SALE & TIME OF AUCTION RESERVE PRICE Rs 40,00,000/- (Rupees Forty lakh only) EARNEST MONEY DEPOSIT Rs 4,00,000/- (Rupees Four lakh only) DEBT DUE Rs. 1,56,18660.20 (Rupees One crore fiftysix lakh eighteen thousand six hundred sixty and paise twenty only) with interest and costs from the date of demand notice onwards less amount already recovered. Description of the properties: An extent of 3.3 Ares (8.25 cents) of land and building thereon (2700 Sq Ft built up area over GF/FF) in Re Sy No 585/15, Block 22, Amballur, Kanayannur Taluk, Ernakulam Dist, owned by M Mohanan, with boundaries as follows. East- Properties of Janaki & Sobha, South- Property of Mary, West- Property of Sulaiman and North- Panchayath Road & Property of Jayan. Place: Ernakulam Date:28/10/2016 Authorized Officer Corporation Bank