R epresented by P artners 1. Mr. S uresh N Patel 2. Mrs. H asm itha S Patel. No. 1/4 - V am adam Road, T ennur, Trichy, T am ilnadu
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1 o \ o A P r e m i e r P u b l i c S e c t o r B a n k D I N D I G U L B R A N C H 1 S T F L O O R, J E E V A J O T H I B U I L D I N G S A L A I R O A D, P O S T B O X N O. 3 5 D I N D I G U L R e f : O R / / D a t e : M /svasani WOOD WORKS, R epresented by P artners 1. Mr. S uresh N Patel 2. Mrs. H asm itha S Patel. No. 1/4 - V am adam Road, Trichy, T am ilnadu (a) Mr. S u resh N Patel Son of N athu K Patel T richy (b) M rs.h asm itha S Patel wife of Mr. S uresh N Patel, No.7, L akhsm iuram, Trichy (c) Mr. N athu K Patel Son of K hetha Somji Patel, (d) Mr. Shivgan K Patel Son of K hetha Somji Patel, No.329,C o u rtallam Road, Piranoor, S hencottah, (e) Mr. Gopal K Patel Son of K hetha Somji Patel, 4 9 /2A, Tanjore Main Road, T hiruverum bur, Dear Sir/M adam, Sub: N otice o f 3 0 days for sale o f im m ovable secu red a sse ts under Rule 8 o f the Security In terest (Enforcem ent) Rules, AN7.
2 1. Corporation B ank, I Floor Jeevajoth i Building, Salai Road, Post Box No.35, Dindigul , the secured creditor, caused a dem and notice dated & th e sam e w as published in n ew sp ap er/s on u n d er Section 13(2) of the Securitisation and R econstruction of Financial A ssets and E nforcem ent of Security Interest Act 2002, calling upon you to pay the dues w ithin the tim e stipulated therein. Since you failed to comply w ith the said notice w ithin the period stipulated, the A uthorised Officer, h as taken possession of the imm ovable secured assets u n d e r Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, Possession notice dated issu ed by the A uthorised Officer, as per appendix IV to the Security Interest (Enforcement)) Rules, 2002 w as delivered to you and the sam e w as also affixed to the properties m ortgaged w ith the Secured Creditor, ap art from publication of the sam e in new spapers. 2. As you have failed to clear the dues of the secured creditor, the immovable secured a sse ts th a t have been taken possession by the A uthorised officer, will be sold by holding public E-auction on From AM to 1.30 PM by inviting Bids from the public th rough online on w w w.m atexautions.com 3. You are also requested to en su re participation by parties interested in buying the immovable secured asse ts in the sale as proposed above. 4. A copy of the term s of sale is enclosed for your reference. Please note th a t the Auction will be conducted through E-Auction m ode on the date and tim e m entioned in the enclosed term s of sale. Your F o r ( y ' I O N B A N K Place : Dindigul Date : [* 1 E R CORPORATION BANK Enel: Term s of sale
3 TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS: 1. Name and address of the Borrower and G uaranto r l.m /s VASANI WOOD WORKS, R epresented by P artners 1. Mr. S uresh N Patel 2. Mrs. H asm itha S Patel. No. 1 /4 - V am adam Road, Trichy, T am ilnadu (a) Mr. S uresh N Patel Son of N athu K Patel Trichy (b) M rs.h asm itha S Patel wife of Mr. S uresh N Patel, No.7, L akhsm iuram, Trichy (c) Mr. N athu K Patel Son of K hetha Somji Patel, (d) Mr. Shivgan K Patel Son of K hetha Somji Patel, No.329,C ourtallam Road, Piranoor, Shencottah, (e) Mr. Gopal K Patel Son of K hetha Somji Patel, 49/2A, Tanjore Main Road, T hiruverum bur, 2. Name and address of the Secured Creditor : 1ST FLOOR, JEEVA JOTHI BUILDING, SALAI ROAD, POST BOX NO.35 DINDIGUL
4 3. D escription of immovable secured assets to be Sold Schedule 3; All th a t piece and parcel of the land com prised in S.F.No /1 m easuring an extent of Hec =Ac.2.53 w ithin the following four boundaries North by South by E ast by W est by : E ast W est Road : SF No.293 and east w est bye p ass road : North so u th Road : SF No. 291 land Together with passage, irrigation, drainage and easem ent rights situated w ithin the lim its of M adhukkarai town panchayath, Coim batore district, Coim batore R egistration D istrict, M adhukkarai Sub R egistration District, Coim batore(south) T aluk -M adhukkarai village. 4.The details of Nil encum brances, if any know n to the Secured C reditor 5. Last date for subm ission of On or before before 5.00 PM EMD 6. Date & Time of auction ,11-45 AM to 1.30 PM (with 10 m in unlim ited auto extensions) E-auction websitew w w.m a te x a u c tio n s.c o m 7.The secured debt for the recovery of w hich the immovable secured a sse t is to be sold: 8.Reserve pricefor the properties below w hich the immovable property m ay not be sold: In c re m e n t V alue R s. 1, /- R s.2 8,4 7,5 7, (Rupees Twenty Eight Crore Forty Seven Lakh Fifty Seven Thousand Five Hundred and Seventy Six Only) as on with interest, cost & expenses thereon. R s.5,6 0,0 0,0 0 0 /- (Rupees Five Crore and Sixty Lakh only)
5 9. The intending bidder shall deposit with the A uthorised Officer an am ount equivalent to 10% of reserve price by way of E arn est Money Deposit in the account of A uthorised Officer, C orporation B ank, I Floor, Jeevajothi Building, Salai Road, Post Box No. 35, Dindigul , by D em and Draft or NEFT/RTGS or through Internet paym ent to account No and IFSC C o d e -C O R P , a t the sam e time bidder h as to subm it the e-bid form available on Matex's w ebsite/ before the date and tim e m entioned above and shall obtain w ritten receipt thereof from the b ran ch /A u th o rised Officer. The intending bidders shall m ention the property Item for w hich the EMD h as been tendered. 10. Full nam e and address of the bidder with their identity proof and PAN card has to be furnished while filling u p the e-bid form on A uctiontiger s website, w w w.m a te x a u c tio n s.c o m 11. B ank, th e S ecu red C reditor, reserves th e rig h t to acc ep t / reject the highest bid w ithout assigning any reason thereof or to cancel the sale. 12. In case of bidding the sam e shall not be less th a n Rs. 1,0 0,0 0 0 /- in excess of highest bid am o u n t or the im m ediate preceding bid, as the case m ay be. with m ultiple increm ent value of Rs. 1,0 0,0 0 0 /- 13. The sale will be confirm ed in favour of th e h ig h e st b id d er a n d the confirm ation of sale shall be subject to the confirm ation by the Secured Creditor. 14. The successful bidder so declared by the A uthorised Officer shall then and there tender 25% o f the am ount o f sale price in C ash/d D /R T G S/N E F T /Internet transfer /C heque subject to realisation, less the sum deposited way of EMD, with the A uthorised Officer conducting the sale and the balance am ount of p u rch ase price shall be paid to the authorized Officer before 15th day of confirm ation of sale by the Secured Creditor or su ch extended period as m ay be m utually agreed upon betw een the parties. 15. In default of paym ent of balance am ount of purch ase price before 15 days from the date of confirm ation of sale by the Secured C reditor or such extended period as m ay be m utually agreed upon betw een the parties, the deposit of 25% o f th e am ount o f sale price m ade shall be forfeited and the property shall forthw ith be sold again and the defaulting p u rch aser shall forfeit all claim on the property or to any p a rt of the sum for w hich it m ay be subsequently sold. 16. On confirm ation of sale by the secured creditor and if the term s of paym ent have been com plied w ith by the successful tenderer / bidder, the A uthorised Officer shall issue a certificate of sale of immovable property in favour of the p u rch a se r in Appendix-V to the Security Interest (Enforcement) Rules, 2002.
6 17. The A uthorised Officer m ay, w here the property sold is subject to any encum brances, if he th in k s fit, allow the p u rch aser to deposit w ith him the m oney required to discharge the encum brances and any in terest due thereon together w ith su ch additional am o u n t th a t m ay be sufficient to m eet the contingencies or fu rth er costs, expenses and in terest as m ay be determ ined by him. 18. On su ch deposit of m oney for discharge of encum brances, the A uthorised officer m ay issue or cause the p u rch aser to issue the notices to the persons interested in or entitled to the m oney deposited w ith him and take steps to m ake the paym ent accordingly 19. Legal charges for conveyance, stam p duty and registration charges as applicable will be borne by the successful bidder. 20. The A uthorised Officer will deliver the property to the p u rch a se r free from encum brances, know n to the Secured Creditor on deposit of m oney by the p u rch aser tow ards the discharge of such encum brances. 21. The certificate of sale will be issued specifically m entioning w hether the p u rch aser h as p u rch ased the im m ovable/m ovable secured asse ts free from any encum brances know n to the secured creditor or not. 22. The u n su ccessfu l B idders who have deposited EMD shall be entitled to have the sam e refunded w ithout any interest im m ediately after the confirm ation of sale by the A uthorised Officer. 23. If the Borrower were to pay to the A uthorised Officer the entire am ount 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 m ay be cancelled by the A uthorised Officer. 24. The above m ovable/ 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 appointm ent from the A uthorised Officer, inspect the im m ovable/m ovable secured assets to be sold before the date of E-Auction The entire sale co n sid era tio n shall be exclusively available for appropriation tow ards dues to the B ank and it is exclusive of encum brances of all statu to ry dues and other dues if any, all of w hich have to be paid / settled by the proposed p u rch a se r out of his own sources The E -auction will be conducted through portal on 10/04/2018 fro m ll.4 5 AM to 1.30 PM with unlim ited extension of 10 Min. The intending bidder is required to register their nam e a t Matex's website a n d get u se r ID and passw ord free of cost and get training / on-line training on E-Auction from Matex agency C o n ta c t n o Em ail id:- matex@matexnet.com
7 28.To the best of Inform ation and Knowledge of the A uthorised Officer, there is no encum brance on the property. However the intending bidders should m ake their own independent enquiry regarding the encum brances, title of the property p u t on auction and the claim s / rig h ts/ d u es affecting the property, prior to subm itting their bid. The E Auction advertisem ent does not constitute an d will not be deem ed to constitute any com m itm ent or any representation of the B ank to sell the property and the A uthorised Officer h as right to cancel the auction w ithout assigning any reason. The A uthorised O fficer/ S ecu red C reditor shall n o t be resp o n sib le in an y way for any third party c la im s/rig h ts/d u e s. F T F o r ' I O N B A N K Place : Dindigul Date : A l _ I n Q l g U f J C E R CORPORATION BANK
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