INDIAN OVERSEAS BANK CHAVAKKAD BRANCH OPPOSITE MUNICIPAL BUS STAND CHAVAKKAD – 680 506 [email protected]

A/C : Hi-Power Group Holdings and Enterprises (P) Ltd.

SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THESECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002

Whereas M/s Hi-Power Group Holdings and Enterprises (P) Ltd represented by Mr R.V. Himamudheen , has borrowed monies from Indian Overseas bank , .Chavakkad branch against the mortgage of the immovable properties more fully described in the schedule hereunder and on upon classification of the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 25.08.2017.. calling upon the borrower M/s Hi-Power Group Holdings and Enterprises (P) Ltd, Hi-Power Building, Beach Road, Chavakkad – 680506 (borrower) / Mr R.V. Himamudheen Rayamarakkar House, Manathala, Chavakkad 680506, – (guarantor / mortgagor), Mrs Ramla Himamudheen, Rayamarakkar House, Manathala, Chavakkad 680506 (mortgagor & guarantor), Mr Hisham Himamudheen, S/O Mr R V Himamudheen, Rayamarakkar House, Manathala, Chavakkad 680506, Thrissur District - Kerala (Mortgagor &guarantor) to pay the amount due to the bank, being Rs.4,84,17,187/- as on 24.08.2017 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment within 60 days from the date of receipt of the said notice.

Whereas the borrowers & guarantors having failed to pay the amount due in full to the Bank as called for in the said demand notice, the Bank has taken possession of the secured asset more fully described in the schedule hereunder on 16.12.2017 under Section 13 (4) of the Act with the right to sell the same in “As is where is “ and “As is what is” condition under Section 13(4) of the Act read with Rules 8 &9 of the Security interest (Enforcement) Rules.2002 for realization of Bank’s dues .The dues to the bank as on date of taking possession was intimated as Rs.5,01,81,349/- as on 16.12.2017 payable together with further interest at contractual rates and rests along with costs ,charges etc till date of repayments, after reckoning repayments, if any ,since the date mentioned in the demand notice.

The dues of the borrower as on 17.12.2019 works out to Rs.6,64,32,774/- (Rupees Six Crores Sixty Four Lakhs Thirty Two Thousand Seven Hundred and Seventy Four Only) after reckoning repayments if any ,amounting to Rs.8,31,306/- subsequent to the bank issuing demand notice.

The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank’s dues by sale of the under mentioned properties.

SCHEDULE OF PROPERTY (IES)

Schedule of Properties Lot Nos Details of Property

A 65.066 cents ( 41.799 cents+ 23.267 cents)

B 204 cents (LOT NO.A) All that parts and parcel of the property consisting of 41.799 cents of land & buildings bearing Door No.VIII/238A & 238B with a total measurement of 7126 Sqft in Re.Sy. No.331/14A & 331/13 in the name of Mr.R V Himamudheen covered under Sale deed No.140/1995, 1856/1995, 1869/1995 & 943/1995 and 23.267 cents of land in sy no No.331/9 & 332/2A in the name of Mrs.Ramla Himamudheen and covered under Sale deed No.1866/1995 & 2607/1995 of Manathala Village, Chavakkad Taluk in Thrissur District

A1) 2.52 Ares equivalent to 6 ¼ cents of land comprised in Survey No 331/14A of Manathala Village, with building bearing Door No VIII/238A & 238B and other structures therein and covered by sale deed no 140/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Sahadevan West: Property of Gopalan South: Road and property of Gopalan North: Property of Sahadevan and property of Gopalan Yours faithfully,

 A2) 0.91 Ares equivalent to 2.25 cents of land comprised in Survey No 331/14A of Manathala Village, covered by sale deed no 1856/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Himamudheen West: Property of Aminakutty South: Property of Muhammed Haji North: Property of Himamudheen

 A3) 2.14 Ares equivalent to 5.289 cents of land comprised in Survey No 331/14A of Manathala Village with building and other structures therein and covered by sale deed no 1869/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Himamudheen West: Property of Ali South: Road North: Property described as item no 2 in sale deed no 1869/1995

 A4) 6.27 Ares equivalent to 15.51 cents of land comprised in Survey No 331/14A and 331/13 of Manathala Village with building and other structures therein and covered by sale deed no 1869/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Himamudheen West: Another property. South: Property of Ali and property mentioned as item no 1 North: Property of Ramla and another property

 A5) 5.06 Ares equivalent to 12.50 cents of land comprised in Survey No 331/14A and 331/13 of Manathala Village with building and other structures therein and covered by sale deed no 943/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Sahadevan West: A schedule of property mentioned in the partition deed no 1447/1988 South: Property of Himamudheen North: Property namely Nariampully

 A6)4.3 Ares equivalent to 10.62 cents of land comprised in Survey No 331/9 of Manathala Village with all other structures therein and covered by sale deed no 1866/1995 of Chavakkad Sub Registry in the name of Mrs Ramla bounded by on the East by: property namely Nariampully West: Property in the possession of Muhammed Ali South: Property of Muhammed Haji and Himamudheen North: Property namely Nariampully  A7) 5.09 Ares equivalent to 12.6 cents of land comprised in Survey No 332/2A of Manathala Village with all structures therein and covered by sale deed no 2607/1995 of Chavakkad Sub Registry in the name of Mrs Ramla bounded by on the. East by: property of Appootty West: Property belongs to Himamudheen South: Property of Vasu and Sahadevan North: Property of Krishnankutty and pathway.

(Lot NO.B ) All that parts and parcel of the property consisting of 204 cents of land in Re.Sy. No.227/3, 227/4, 227/5, 228/1A, 228/1B, 228/2, 227/6 and 227/7 of Orumanayoor Village, Chavakkad Taluk in Thrissur District in the name of Mr.R V Himamudheen, Mrs. Ramla Himamudheen & Mr.Hisham Himamudheen and covered under Sale deed No.679/2002, 1402/2005, 429/2004, 2475/2003 & 2139/2001 of Chavakkad SRO.  B1)3.03 Ares equivalent to 7.50 cents of land comprised in Survey No 228/1B of Orumanayoor and covered by sale deed no 679/2002 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of the Himamudheen West: property of the Himamudheen South: property of the Himamudheen North property of the Himamudheen.

 B2) 11.33 Ares equivalent to 28 cents of land comprised in Survey No 227/4 of Orumanayoor and covered by sale deed no 1402/2005 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property shown as item no 2 in sale deed no 140/05 West: Property of Himamudheen South: Property of Kunju Muhammed North: Property of Raja Resort.

 B3) 1.21 Ares equivalent to 3 cents of land comprised in Survey No 227/5 of Orumanayoor and covered by sale deed no 1402/2005 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: River West: property shown as item no 1 in sale deed no 140/05 South: Property of Kunju Muhammed North: Property of Raja Resort.

 B4) 22.87 Ares equivalent to 56.50 cents of land comprised in Survey No 227/3 & 227/4 of Orumanayoor and covered by sale deed no 429/2004 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: Property sold by Ayishakutty West: Road South: “Thottil pakuthi” North: Property in the possession of Moidunni Haji.

 B5)4.45 Ares equivalent to 11 cents of land comprised in Survey No 227/3 of Orumanayoor and covered by sale deed no 2475/2003 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: Property shown as item no 2 in sale deed no 2475/03 West: Pathway South: Wet land and dry land North: Dry land and 'thodu'.

 B6) 4.45 Ares equivalent to 11.5 cents of land comprised in Survey No 227/4 of Orumanayoor and covered by sale deed no 2475/2003 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: River West: Item No 1 property in sale deed no 2475/03 South: “thyvacha sthalam” North: Part of 'thodu'.

 B7) 35.01 Ares equivalent to 86.5 cents of land comprised in Survey No 228/1A, 228/1B, 228/2, 227/6 and 227/7 of Orumanayoor village and covered by sale deed no 2139/2001 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: River West: Pathway South: Land North: Land

Date and Time of On .21.01.2020 between 11 am and 12 noon with auto extension of 5 E auction minutes each till the sale is completed Reserve Price Schedule of Properties

Lot Nos Details of Property Reserve Price EMD 65.066 cents ( A 41.799 cents)+ Rs.3,13,40,000/- Rs.31,34,000/- 23.267 cents) B 204 cents Rs.2,25,13,000/- Rs.22,51,300/- EMD remittance Deposit through EFT/NEFT/RTGS Transfer in favor of IOB Main Branch, M Son’s Arcade, Cherooty road, Kozhikode to the credit of account no. 004102000003099 Branch code0041; IFSC Code IOBA0000041

Bid Multiplier Rs.50,000/- Inspection of the With prior approval of Branch Manager, Indian overseas bank, property Chavakkad Branch from 21.12.2019 onwards, 11.00am to 5.00 pm till .20.01.2020. Submission of .21.12.2019 onwards online application for bid with EMD Last date for 20.01.2020 submission of online application for bid with EMD Known NIL EC up to 16.08.2019 encumbrance if any *Outstanding Bidder to ascertain dues Rs. Of local self government (property tax, water sewage,Electricit y bills etc) Banks dues have priority over statutory dues

Terms and Conditions • The property/ies will be sold by e-auction through the Bank’s approved service provider M/s Magicbricks realty Services Ltd under the supervision of the Authorized officer of the Bank. • E-auction bid document containing online e-auction bid form, declaration, general terms and conditions of online auction sale are available in https://auctions.magicbricks.com

• Intending bidders shall hold a valid digital signature certificate and email address and should register their name / account by login to the website of the aforesaid service provider. They will be provided with user id and password by the aforesaid service provider which should be used in the e-auction proceedings. For details with regard to digital signature, please contact the service provider at the below mentioned address/phone no/email.

• Bids in the prescribed formats shall be submitted “online” through the portal - website https://auctions.magicbricks.comalong with the EMD & scanned copy of KYC documents including photo, PAN Card & address proof to the service provider and the Authorized Officer before 2.00PM on 20.01.2020

• The EMD and other deposits shall be remitted through EFT / NEFT / RTGS to the Bank account as specified above and the amount of EMD paid by the interested bidder shall carry no interest. The amount of EMD paid by the successful bidder shall be adjusted towards the sale price.

• Bids without EMD shall be rejected summarily.

• Online auction sale will start automatically on and at the time as mentioned above. Auction / bidding will initially for a period of 1hr with auto extension time of 5 minutes each till the sale is concluded.

• The property shall be sold to the successful bidder. The successful bidder (purchaser) as declared by the Authorised Officer shall deposit 25% of the sale price (inclusive of the EMD) immediately on the same day and not later than the next working day. The balance amount of sale price shall be paid within 15 days from the date of confirmation of auction sale. Failure to remit the entire amount of sale price within the stipulated period will result in forfeiture of deposit of 25% of the bid price to the secured creditor and forfeiture of all claims over the property by the purchaser and the property will be resold.

• The sale certificate will be issued in the name of the purchaser only, after payment of the entire sale price amount and other taxes/charges, if any.

• The purchaser shall bear the charges/ fee payable for conveyance such as registration fee, stamp duty, etc., as applicable as per law.

• The Authorized Officer has the absolute right to accept or reject any bid or postpone or cancel the sale, as the case m may be without assigning any reason whatsoever.

• The property is being sold on ‘as is where is’ and ‘as is what is’ basis. The Bank has disclosed only the known encumbrances, statutory liabilities, if any, as above and it is for the purchaser to make their own independent enquiries at their own costs before participating in the auction.

• As regards the Statutory dues stated above, Bank dues will have priority over statutory dues. Without prejudice to the above, Statutory liability, if any, shall be borne by the purchaser and the Bank assumes no responsibility in this regard.

• Sale is subject to confirmation by the secured creditor. • EMD of unsuccessful bidders will be returned through EFT / NEFT / RTGS to the bank account details provided by them in the bid form and intimated via their e-mail id.

• The e-Auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation by the bank. The Authorised Officer/Secured Creditor shall not be responsible in any way for any third party claims / rights / dues.

• * In compliance with Section 194 IA of the Income tax Act, 1961 income tax @ 1% on the Reserve Price shall be deducted and paid under the PAN Number of the Purchaser. Since the Tax has been calculated only on the Reserve Price, the bidder shall bear the 1% income tax on the bid multiplier amount and the Bank shall not take any responsibility for the same.

*In case of any sale / transfer of immovable property of Rupees Fifty lakhs and above, the transferee has to pay an amount equal to 1% of the consideration as Income Tax.

For further details regarding inspection of property / e-auction, the intending bidders may contact the Branch Manager, Indian overseas bank, ……………. Branch during office hours or Bank‟s approved service provider M/ M/s Magicbricks realty Services Ltd., Contact No (Auction Help Line No. 9212346000/ Mr. Divya Alok Nirmal 7426087190), E-Mail id: [email protected], [email protected]

Place: Authorized Officer Date: .20.12.2019 For and On behalf of Indian Overseas Bank, Chavakkad Branch (To be uploaded in website on 20.12.2019.)