NOTICE FOR SALE UNDER RULE 8(6) & 9 (1) OF SARFAESI ACT

Transcription

1 No /4, Suraj Diamond Building, Azizuddin, MANGALORE BRANCH NOTICE FOR SALE UNDER RULE 8(6) & 9 (1) OF SARFAESI ACT Auction Sale of Immovable properties mortgaged to Tamilnad Mercantile Bank Ltd., Mangalore Branch, under the provisions of SARFAESI ACT, Whereas a Demand Notice dated under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 was issued demanding full repayment of dues in respect of the loan accounts. On its nonpayment, the Authorized officer of Tamilnad Mercantile Bank Ltd., Bengaluru Region, in exercise of the powers conferred under Section 13(12) took legal possession of the below mentioned secured assets on , which were held as securities to the credit facilities availed of by the borrowers, under Section 13(4) of the said Act. Name and address of borrower: 1. Prop.: M 2. Prop.: 3. Prop.: 4. Propx.: No.9/458, J.M. 5. Represented by its Partners 6. Represented by its Partners 7. Represented by its Partners

2 Name and address of guarantor:- For n For M/s.Balaji Commercial n n Alake 2 nd Cross, Alake 2 nd Cross Alake 2 nd Cross For M/s.Balaji Commercial J M n J M For M/s.Balaji Dhall Mills J M n n J M For, Partner,, Partner, M/s.Balaji Trading, Partner,, Partner, J M n J M For M/s.Canara Coffee, Partner,, Partner, M/s.Canara Coffee, Partner,, Partner, J M n J M For M/s.Kalikamba Trading, Partner,, Partner, M/s.Kalikamba Trading, Partner,, Partner, J M n J M M/s.Kalikamba Trading M M M n J M n J M n J M No /A, J M M M M

3 The public at large is informed that public auction (under SARFAESI Act) of secured assets mentioned below will be held on AS IS WHERE IS BASIS and AS IS WHAT IS BASIS for realization of the Banks dues. Auction Notice The under mentioned properties will be sold by public auction on for recovery of a sum of Rs.3,72,09, (Rupees Three Crore Seventy Two Lakh Nine Thousand Eight Hundred Thirty Five and Paise Sixty One) in the Cash Credit limit & Rs.1,02,33, (Rupees One Crore Two Lakh Thirty Three Thousand Five Hundred and Thirty Nine only) in the Devolved Demand Loans of and Rs.86,89, (Rupees Eighty Six Lakh Eighty Nine Thousand Four Hundred and Paise Ninety) in the Cash Credit limit of and Rs.1,81,40, (Rupees One Crore Eighty One Lakh Forty Thousand Five Hundred Seven and Paise Fifty ) in the Cash Credit limit & Rs.72,65, (Rupees Seventy Two Lakh Sixty Five Thousand Four Hundred and Fifty One only) in the Devolved Demand Loans of M/s.Kalikamba Trading and Rs.3,63,36, (Rupees Three Crore Sixty Three Lakh Thirty Six Thousand Six Hundred Thirty Two and Paise Ninety Three) in the Cash Credit limit & Rs.1,21, (Rupees One Lakh Twenty One Thousand Seven Hundred and Sixty Two Only) in the Devolved Demand Loans of, Propx: and Rs.3,95,79, (Rupees Three Crore Ninety Five Lakh Seventy Nine Thousand Four Hundred Fifty and Paise Thirty Nine) in the Cash Credit limit & Rs.91,42, (Rupees Ninety One Lakh Forty Two Thousand Eight Hundred and Sixty Nine Only) in the Devolved Demand Loans of, Prop: and Rs.3,58,08, (Rupees Three Crore Fifty Eight Lakh Eight Thousand Nine Hundred Eighty Four and Paise Fifty Six) in the Cash Credit limit & Rs.91,23, (Rupees Ninety One Lakh Twenty Three Thousand One Hundred and Seventy Nine Only) in the Devolved Demand Loans of, Prop: and Rs.3,65,03, (Rupees Three Crore Sixty Five Lakh Three Thousand Four Hundred Thirty Two and Paise Seventy Seven ) in the Cash Credit limit & Rs.1,04,96, (Rupees One Crore Four Lakh Ninety Six Thousand Three Hundred and Eighty Five Only) in the Devolved Demand Loans of, Prop: as on Plus future interest and costs payable by the above party. Place of Auction Date and Time of Auction Sale Description of the Property including name of the Owner: Tamilnad Mercantile Bank Ltd. Virudhunagar Branch No.280, Madurai Road Virudhunagar at PM 1. Land to an extent of sq.ft. in T.S.No.115 and the residential building constructed thereat bearing D.No.3 at Vanniya Nadar Street, T.S.Ward No.17, Virudhunagar, standing in the name of, &. East by : T.S.No.118, House of V.V.D.Dhanabalan & brothers and Common Wall West by : T.S.No.114, Shunmugavel Nadar Samad property and Common Wall North by : T.S.No.110, House of K.N.Vairava Nadar, T.S.No.116, House of V.A.S.Ponnappa Sankaralinga Nadar, T.S.117, House of V.A.C.Chidambara Nadar, East-West Common lane South by : T.S.No.151, Vannia Nadar Street 2. Vacant residential land to an extent of sq.ft. in R.S.No.42/1

4 part, Plot No.48, Lakshmi Nagar, Sivagnanapuram Panchayat, Chinnamoopanpatti Village, Virudhunagar District, standing in the name of, &. East by : Plot No.47, N.Parameswari land West by : Plot No.49, T.A.L.Bala Krishna Nadar land North by : 20 feet wide Royal Road South by : 20 feet wide Road 3. Vacant residential land to an extent of sq.ft. (As per title deed sq.ft.) in R.S.No.62/5 part, Plot No.27, Lakshmi Nagar, Sivagnanapuram Panchayat, Chinnamoopanpatti Village, Virudhunagar District, standing in the name of, &. East by : East-West 20 feet wide South-North Pandian Road West by : Well in Survey No.62/5 North by : Lands in Plot No's.28 & 28A South by : Plot No.26, Padmavathi land 4. Vacant residential land to an extent of sq.ft. (As per title deed sq.ft.) in S.No.99, R.S.No.99/1B3, Chathirareddiayapatti Village, Virudhunagar District standing in the name of. East by : Land of N.Sundara West by : Land of N.Radhakrishnan North by : South-North 15 feet wide East-West Common Pathway South by : Land of Janarthanan 5. Vacant residential land to an extent of sq.ft. (As per title deed sq.ft.) in S.No.99, R.S.No.99/1B4 Chathirareddiayapatti Village, Virudhunagar District standing in the name of. East by : Lands of Rasu Aasari and Gopalakrishnan West by : Land of N.Sivaramkumar North by : South-North 15 feet wide East-West Common Pathway South by : Land of Janarthanan 6. Vacant residential land to an extent of sq.ft. (As per title deed sq.ft.) in S.No.99, R.S.No.99/1B2, Chathirareddiayapatti Village, Virudhunagar District standing in the name of. Reserve Price East by : Land of N.Sivaramkumar West by : National Highway North by : South-North 15 feet wide East-West Common Pathway South by : Land of Janarthanan Property No. 1 - Rs.39,00, Property No. 2 - Rs.20,37, Property No. 3 - Rs.22,05, Property No. 4 - Rs.37,00, Property No. 5 - Rs.31,50, Property No. 6 - Rs.44,55,000.00

5 Terms & Conditions 1. The intending bidders should pay 10% of the reserve price of the property as Earnest Money Deposit(EMD) by means of a Demand Draft drawn in favour of Tamilnad Mercantile Bank Ltd payable at Virudhunagar on or before within Noon. 2. The intending bidders may inspect and satisfy themselves about the property/properties and may approach the Branch Manager to inspect the property/documents related to the property between A.M. and 4.00 P.M., before the auction date (Phone No , , Cell No ) and Mr.R.Mohanraj, Chief Manager, Recovery, Bengaluru Region (Cell : ). 3. The successful bidder shall have to deposit 25% of the Bid Amount (less EMD) on the same day or the next day without fail and EMD shall be adjusted towards 25% of the bid amount immediately, on the sale being knocked down in his favour. In case of default in deposit of 25% of the bid amount as stated above, the EMD will be forfeited and the property shall forthwith be sold again. 4. The successful bidder shall deposit the balance 75% of the bid amount within 15 days of the sale or such extended period as agreed upon in writing by the Authorized Officer/Secured Creditor at his discretion. In case of any default in depositing the amount within the stipulated period, the deposit will be forfeited as per sub Rule (5) of Rule (9) of Security Interest (Enforcement) Rules 2002 and the property shall be resold and the defaulting purchaser will forfeit all his/her claims to the property or to any part of the sum for which it may be subsequently sold. 5. No interest shall be payable on any amount deposited for participation in the bid under the SARFAESI Act. 6. To the best of knowledge and information of the Authorised Officer, the properties are not subject to any encumbrance. The property is being sold with all existing and future encumbrance unknown to the Bank. 7. The Authorized Officer will not be held responsible for any charge, lien, encumbrances, property tax or any other dues to the Government or anybody in respect of the property under sale. 8. The successful bidder should bear the charges/fee payable for conveyance such as registration fee, stamp duty etc., as applicable as per Law. 9. The Authorized Officer has absolute right to accept/reject/postpone or cancel the sale without assigning any reason, whatsoever. 10. The property will not be sold below the reserve price fixed above. 11. The property is auctioned in as is where is and as is what is basis. 12. The Authorized officer has taken symbolic possession of the immovable property described above, which alone can be passed on to the auction purchaser. 13.The intending bidders should bring any one of the proof of identity, ie., passport, driving license, Ration Card, Voter ID, PAN Card etc., at the time of participating the bid.

6 14.The Sale Certificate shall be issued in the name of the purchaser/bidder and will not be issued in the any other name. The purchaser shall bear stamp duty, registration charges and all other connected fees, duties, taxes etc. in relation to the execution of the sale certificate. Place: Bengaluru Date: Authorised Officer Tamilnad Mercantile Bank Limited Bengaluru Region. (For Mangalore Branch)