SALE NOTICE for SALE of IMMOVABLE PROPERTIES E-Auction Sale Notice for Sale Of

Home , Kumaran Nagar, Peravallur, Purasawalkam taluk, Sembium, Siruvallur, Spectrum Mall (Chennai)

Appendix – IV-A [See Proviso to rule 8 (6)]

SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES

E-Auction Sale Notice for Sale of Immovable Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 8(6) of the Security Interest (Enforcement) Rules, 2002.

Notice is hereby given to the public in general and in particular to the Borrower(s) and Guarantor(s) that the below described immovable property mortgaged/charged to the Secured Creditor, the constructive possession of which has been taken by the Authorised Officer of State Bank Of India, the Secured Creditor, will be sold on “ As is Where is”, “As is What is” and “Whatever there is” basis on 12.02.2020, for recovery of Rs. 43,27,94,486.47 (Rupees Fourty Three Crores Tweenty Seven Lacs Ninety four Thousand Four Hundred and Eighty Six and Paise Forty Seven only) due to the secured creditor from M/s. Ganga Foundations Private Limited. (Borrower) and Shri.J Dhandapani, Shri.C Chitti Babu, Shri.S Senthil Kumar and Smt S Swarna Latha (Guarantors).

The reserve price for Item No 1 will be Rs.41,99,94,350/- (Rupees Fourty One Crore Ninety Nine Lakhs Ninety Four Thousand Three Hundred and Fifty only) and the earnest money deposit will be Rs.4,19,99,435/- (Rupees Four Crores Nineteen Lacs Ninety Nine Thousand Four Hundred and Thirty Five only) the latter amount to be deposited with the Bank on or before 10.02.2020 (last date for receipt of EMD).

The reserve price for Item No 2 will be Rs.1,64,00,000/- (Rupees One Crore Sixty Four Lacs only) and the earnest money deposit will be Rs.16,40,000/- (Rupees Sixteen lacs Fourty Thousand only), the latter amount to be deposited with the Bank on or before 10.02.2020 (last date for receipt of EMD).

The reserve price for Item No 3 will be Rs.1,00,00,000/- (Rupees One Crore Sixty Four Lacs only) and the earnest money deposit will be Rs.10,00,000/- (Rupees Ten lacs only), the latter amount to be deposited with the Bank on or before 10.02.2020 (last date for receipt of EMD).

The reserve price for Item No 4 will be Rs.71,12,000/- (Rupees Seventy One Lacs Twelve Thousand only) and the earnest money deposit will be Rs.7,11,200/- (Rupees Seven Lacs Eleven Thousand Two Hundred only), the latter amount to be deposited with the Bank on or before 10.02.2020 (last date for receipt of EMD).

Description of Property Item No.1 : All the land and building (Commercial Shops & Multiplex Theaters) in Spectrum Mall located at Door No.114A & 114B, Paper Mills Raod, Perambur, Chennai belonging to Ganga Foundations Private Limited comprised in S.nos 25/2, 26/1B, 26/2, 27/2, 27/1A, T.S. Nos 41 Part, 43, 81/2 Part, 83/1 Part & 87/1 in Siruvallur Villag, Perambur – Purasawalkam Taluk, SRO Sembium, Chennai District. Total land area 34547 sq.ft. of undivided share as per document (As per physical measurement 32038 sq.ft) and building 73326 sq.ft as per document (As per physical measurement 72873 sq.ft). Entire property bounded on the

North by: Paper Mills Road and T.S. No. 39,40,42/1,44/2,82,81/2 part and 83/1 Part, South by: T.S.No. 81/1,67,70,71/3,76,77/1,80 and 87/2 & TS No.88 East by: Market Street and Property in T.S.No. 83/2,84/1,85 and 86 & Block No. 6 & T.S.No.87/2 West by: T.S.No.64/5,64/6,64/9,64/7,81/2 Part and 83/1 Part & Vanchinathan 3rd Street

Item No:2 All the land and commercial flat- 2413 sq ft of undivided share of land together with 3863 sq ft of built up area consisting of shop no. SG 2, SF 2, SS 3 located at “Aishwaryam” Front Block, Door No.25 A, Red Hills High Raod, Kolathur, Peravallur, Chennai 600 099 belonging to Shri. C Chittibabu comprised in S.No.67/7, T.S.No. 74 of Kolathur Village Perambur – Purasawalkam Taluk, SRO Sembium, Chennai District. Entire Property bounded on the North by: Perundevi Avenue 2nd Street South by: Redhills High Road East by: T.S.No. 75 and 76 West by: T.S.No. 69,70,71,72 and 73

Item No:3 All the land and commercial flat- 1819 sq ft of undivided share of land together with 2339 sq ft of built up area consisting of shop no. SF 1, SS 2 located at “Aishwaryam” Front Block, Door No.25 A, Red Hills High Raod, Kolathur, Peravallur, Chennai 600 099 belonging to Shri. S Senthil Kumar comprised in S.No.67/7, T.S.No. 74 of Kolathur Village Perambur – Purasawalkam Taluk, SRO Sembium, Chennai District. Entire Property bounded on the North by: Perundevi Avenue 2nd Street South by: Redhills High Road East by: T.S.No. 75 and 76 West by: T.S.No. 69,70,71,72 and 73

Item No:4 All the land and residential building located at Plot no.98, Door no.98/1 1st Cross Street, Kumaran Nagar, Peravallur, Chennai 600 082 belonging to Smt. S Swarnalatha comprised in S.No. 126/2, T.S.No. 166/4 of Peruvallur Village, Perambur – Purasawalkam Taluk, SRO, Sembium, Chennai District. Total Land 1674 Sq. Ft as per document (As per physical measurement 1735 Sq. Ft including passage) and building 1683.50 Sq. ft as per document (As per physical measurement 1548 Sq. Ft) bounded North by: Plot No 97 South by: Common Passage East by: Plot No.98 Part Sold to Mr. G Swathantra Devi, West by: 1st Cross Street

Date: 08.01.2020 (N Santhana Gopalan) Place: Chennai Asst General Manager & Authorised Officer State Bank of India Stressed Assets Management Branch, Chennai.

THE TERMS AND CONDITIONS OF SALE OF THE SECURED CREDITOR. Property will be sold on ‘AS IS WHERE IS, AS IS WHAT IS AND WHATEVER THERE IS” Basis 1 Name and address of the M/s. Ganga Foundations Private Limited Borrower New No. 69, Old No.33, Hemavathy Complex, Paper Mills Road, Perambur, Chennai 600 011 2 Name and address of Branch, State Bank Of India the secured Stressed Assets Management Branch creditor “Red cross Buildings”, 32, Red Cross Road, Egmore, Chennai- 600 008. E-mail ID: [email protected] 3 Description of the immovable secured assets to be sold. Item No.1 : All the land and building (Commercial Shops & Multiplex Theaters) in Spectrum Mall located at Door No.114A & 114B, Paper Mills Raod, Perambur, Chennai belonging to Ganga Foundations Private Limited comprised in S.nos 25/2, 26/1B, 26/2, 27/2, 27/1A, T.S. Nos 41 Part, 43, 81/2 Part, 83/1 Part & 87/1 in Siruvallur Villag, Perambur – Purasawalkam Taluk, SRO Sembium, Chennai District. Total land area 34547 sq.ft. of undivided share as per document (As per physical measurement 32038 sq.ft) and building 73326 sq.ft as per document (As per physical measurement 72873 sq.ft). Entire property bounded on the

5 The secured debt for recovery of Rs. 43,27,94,486.47 (Rupees Fourty Three which the property is to be sold Crores Tweenty Seven Lacs Ninety four Thousand Four Hundred and Eighty Six and Paise Forty Seven only) 6 Deposit of earnest money EMD: Item No.1 - Rs.4,19,99,435/- (Rupees Four Crores Nineteen Lacs Ninety Nine Thousand Four Hundred and Thirty Five only) Item No.2 - Rs.16,40,000/- (Rupees Sixteen Lacs Forty Thousand only) Item No.3 - Rs.10,00,000/- (Rupees Ten Lacs only) Item No.4 - Rs.7,11,200/- (Rupees Seven lacs Eleven Thousand Two Hundred only)

being the 10% of Reserve price to be remitted by RTGS / NEFT to the Bank account or Demand Draft draw in favour of SBI, Stressed Assets Management Branch, Chennai (M/s. Ganga Foundations Private Limited) drawn on any Nationalised or Scheduled Bank 7 Reserve price of the immovable The reserve price will be for secured assets: Item No.1 - Rs.41,99,94,350/- (Rupees Forty One Crores Ninety Nine Lacs Ninety Four Thousand Three Hundred and Fifty only) Item No.2 - Rs.1,64,00,000/- (Rupees One Crore Sixty four Lacs only) Bank account in which EMD to Item No.3 - Rs.1,00,00,000/- (Rupees One Crore be remitted. only) Item No.4 - Rs.71,12,000/- (Rupees Seventy One Lac Twelve Thousand only) Last Date and Time within which A/c No.: 30319576399 IFSC: SBIN0000878 EMD to be remitted: Bank : State Bank of India, STATE BANK BUILDING,157, ANNA SALAI, CHENNAI 600 002 Time: 4:00 p.m. Date : 10.02.2020

8 Time and manner of payment The successful bidder shall deposit 25% of sale price, after adjusting the EMD already paid, immediately, i.e. on the same day or not later than next working day, as the case may be, after the acceptance of the offer by the Authorised Officer, failing which the earnest money deposited by the bidder shall be forfeited. The Balance 75 % of the sale price is payable on or before the 15th day of confirmation of sale of the secured asset or such extended period as may be agreed upon in writing between the Secured Creditor and the e-Auction purchaser not exceeding three months from the date of e- Auction. 9 Time and place of public e- Date :12.02.2020 Auction or time after which sale Time : 60 Minutes with unlimited extensions of by any other mode shall be 5 minutes each. completed. Item No: 1 - 11.00 AM to 12.00 Noon Item No: 2 to 4 – 12.00 Noon to 1.00 PM 10 The e-Auction will be conducted M/s.e-Procurement Technologies Ltd (ETL) at through the Bank’s approved the web portal https://sbi.auctiontiger.net. service provider. e-Auction tender documents containing e- Auction bid form, declaration etc., are available in the website of the service provider as mentioned above

11 (i) Bid increment amount: Item No.1 – Rs.2,00,000/- Auto extension: Item No.2 to 4 – Rs.50,000/- Unlimited extensions of 5 minutes each Bid currency & unit of measurement In Rupees 12 Date and Time during which Date: 30.01.2020 inspection of the immovable Time: 11.00 a.m. to 3.00 p.m. secured assets to be sold and intending bidders should satisfy themselves about the assets and their specification.

Contact person with mobile Name: N Santhana Gopalan number Mobile No.8452888480 13 Other conditions a) Bidders shall hold a valid digital Signature Certificate issued by competent authority and valid email ID (e -mail ID is absolutely necessary for the intending bidder as all the relevant information and allotment of ID and Pass word by M/s.e-Procurement Technologies Ltd (vendor name) may be conveyed through e mail. b) The intending bidder should submit the evidence of EMD deposit like UTR number along with Request letter for participation in the e-Auction, self-attested copies of (i) Proof of Identification (KYC) Viz ID card / Driving Licence/Passport etc., (ii) Current Address -proof of communication, (iii) PAN card of the bidder (iv) Valid e-mail ID (v) Contact number(mobile/Land line of the bidder etc., to the Authorised Officer of State Bank of India, SAMB,Egmore, Chennai by 10.02.2020 before 4.00 p.m. Scanned copies of the original of these documents can also be submitted to e-mail Id of Authorised Officer.

6 c) Names of Eligible Bidders will be identified by the State Bank of India, SAMB, Egmore, Chennai to participate in online e-Auction on the portal https.//sbi.auctiontiger.net M/s.e-Procurement Technologies Ltd who will provide User ID and Password after due verification of PAN of the Eligible Bidders d) To the best of knowledge and information of the Authorised Officer, there is no encumbrance on the property. 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. e) It shall be the responsibility of the interested bidders to inspect and satisfy themselves about the property before submission of the bid. f) The prospective qualified bidders may avail online training on e-Auction from M/s.e-Procurement Technologies Ltd prior to the date of e-Auction. Neither the Authorised Officer/ Bank nor M/s. e-Procurement Technologies Ltd will be held responsible for any Internet Network problem/Power failure/ any other technical lapses/failure etc., In order to ward-off such contingent situation the interested bidders are requested to ensure that they are technically well equipped with adequate power back-up etc. for successfully participating in the e-Auction event. g) The successful bidder shall be required to submit the final prices, quoted during the e-Auction as per the annexure after the completion of the e-Auction, duly signed and stamped as token of acceptance without any new condition other than those already agreed to before start of e-Auction. h) During e-Auction, if no bid is received within the specified time, State Bank of India at its discretion may decide to revise opening price / scrap the e-Auction process / proceed with conventional mode of tendering. i) The Bank / service provider for e-Auction shall not have any liability towards bidders for any interruption or delay in access to the site irrespective of the causes. j) The bidders are required to submit acceptance of the terms & conditions and modalities of e-Auction adopted by the service provider, before participating in the e-Auction. k) The bid once submitted by the bidder, cannot be cancelled/withdrawn and the bidder shall be bound to buy the property at the final bid price. The failure on the part of bidder to comply with any of the terms and conditions of e-Auction, mentioned herein will result in forfeiture of the amount paid by the defaulting bidder. l) Decision of the Authorised Officer regarding declaration of successful bidder shall be final and binding on all the bidders. m) The Authorised Officer shall be at liberty to cancel the e-Auction process / tender at any time, before declaring the successful bidder, without assigning any reason. n) The bid submitted without the EMD shall be summarily rejected. The property shall not be sold below the reserve price.

o) The conditional bids may be treated as invalid. Please note that after submission of the bid/s, no correspondence regarding any change in the bid shall be entertained.

p) The EMD of the unsuccessful bidder will be refunded to their respective A/c numbers shared with the Bank. The bidders will not be entitled to claim any interest, costs, expenses and any other charges (if any).

q) The Authorised Officer is not bound to accept the highest offer and the Authorised 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. The sale is subject to confirmation by the secured creditor. r) In case of forfeiture of the amount deposited by the defaulting bidder, he shall neither have claim on the property nor on any part of the sum for which it may be subsequently sold.

s) The successful bidder shall bear all the necessary expenses like applicable stamp duties / additional stamp duty / transfer charges, Registration expenses, fees, GST, etc. for transfer of the property in his/her name.

t) The payment of all statutory / non- statutory dues, taxes, rates, assessments, charges, fees, GST etc., owing to anybody shall be the sole responsibility of successful bidder only.

u) In case of any dispute arises as to the validity of the bid (s), amount of bid, EMD or as to the eligibility of the bidder, authority of the person representing the bidder, the interpretation and decision of the Authorised Officer shall be final. In such an eventuality, the Bank shall in its sole discretion be entitled to call off the sale and put the property to sale once again on any date and at such time as may be decided by the Bank. For any kind of dispute, bidders are required to contact the concerned Authorized Officer of the concerned bank branch only. v) The sale certificate shall be issued after receipt of entire sale consideration and confirmation of sale by secured creditor. The sale certificate shall be issued in the name of the successful bidder. No request for change of name in the sale certificate other than the person who submitted the bid / participated in the e- Auction will be entertained. w) This sale will attract the provisions of sec 194-IA of the Income Tax Act.

Date: 08.01.2020 Place: Chennai

N Santhana Gopalan Asst General Manager & Authorised Officer State Bank of India Stressed Assets Management Branch, Chennai.