CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

E-AUCTION SALE NOTICE UNDER THE PROVISIONS OF SARFAESI ACT, 2002.

For Sale of immovable properties mortgaged to the Bank

In exercise of powers contained in the SARFAESI Act, 2002, the Authorised officer has issued demand notices dated 13.05.2010 ( Devayana Ayurvedic Medicines) and 14.01.2010 ( Dr Vinod Krishnan K T)to the borrowers/ guarantors/ obligants under Section 13(2) of the said Act and subsequently Authorised Officer has taken possession of the under mentioned Secured Asset on 04.12.2010 , in respect of credit facilities granted to 1. M/s Devayana Ayurvedic Medicines , Propx: Smt Jeela,Kadavu Road, Kizhayoor P O , , , Pin-679 303, Smt Jeela V M , W/o Dr Vinod Krishnan, Kundilthazhathethil House, Nhangattiri P O, Pattambi, Pin - 679 303 , Palakkad, Dr. Vinod Krishnan K T , S/o Madhavan, , Kundilthazhathethil House Nhangattiri P O ,Pattambi, Pin- 679303 Palakkad 2. Dr. Vinod Krishnan K T , Smt Jeela V M (address as mentioned above) , (herein after referred to as “borrowers”) . It has been decided to sell the secured asset mentioned hereunder through E-Auction for realization of the secured debts due to Punjab National Bank amounting to Rs. 40,66,033.95 ( Rupees Forty lakhs sixty six thousand thirty three and Paise Ninety five only) as on 28.02.2014 with further interest at the contracted rate with monthly rest from 01.03.2014 in the account of M/s Devayana Ayurvedic Medicines and Rs.33,02,849.11 ( Thirty three lakhs two thousand eight hundred forty nine and Paise Eleven only ) up to 28.02.2014 with further interest at the contracted rate with monthly rest from 01.03.2014 in the account of Dr. Vinod Krishnan. Total dues together in the above mentioned two accounts is Rs. 73,68,883.06 ( Rupees Seventy three lakhs sixty eight thousand eight hundred eighty three and Paise Six only) as on 28.02.2014 with further interest at the contracted rate with monthly rest from 01.03.2014 plus charges/other costs incurred by the bank thereon till final payment/realisation.

E-auction sale arranged by the service provider M/s.Nextenders India through the website www.e-auctions.in

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CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

Details of the immovable Property Name of Reserve EMD TO BE owner Price DEPOSITED (Mortgagor) Rs. Rs. Item No.1 Item No.1 FOR ITEM FOR ITEM Dr. Vinod NO.1 NO.1 All that part and parcel of property consisting Krishnan K T of 48.12 cents (42 cents + 4.75 cents + Rs. Rs.8,40,000/- 1.37 cents ) of land and Single storied 83,00,000/- ( Rupees Eight hospital building in Survey No.62/3 and 66/9 (Rupees lakhs of Kizhayoor desom Pattambi Village, Eighty three fortythousand Taluk of owned lakhs only) only) by Dr Vinod Krishnan K T A. 42 cents -Survey No.62/3 Bounded by East- Pattambi Nilathil chernna Vattakandam Nilam South-Athikkal Kandam West- Pallam Nilam North- Moochikkal Kandam Vadakke Ohari B. 4.75 cents -Survey No.66/9 Bounded by East- Nannam Paramba South- Road West- Ohari, North-Self owned property C. 1.37 cents - Survey No.62/3 Bounded by East- Ohari Sthalam South- Land owned by Mannalathuvalappil Salim West- Amiya Hospital North- Ohari Sthalam

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CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

Item No.2 Item No.2 FOR ITEM FOR ITEM NO.2 NO.2 All that part and parcel of property consisting Smt Jeela of 50.75 cents of land with factory building Rs.86,00,00 Rs.8,60,000/- in Survey No.62/03, Ward No.7 of Kizhayoor 0/- ( Rupees Eight desom,Pattambi Village, Palakkad District (Rupees lakhs sixty owned by Smt Jeela Eighty six thousand only) 50.75 Cents lakhs only)

Bounded by

East-Ohari Property South- Land owned by Khader and Mannalathuvalappil Salim West-Amiya Hospital North- 3 metre by lane

Details of Encumbrances known to the ban k There is a Revenue Recvoery attachment dated 23.08.2012 for Rs.3,56,218/-of Taluk Office,Ottapalam over item No. 1 and over Item No.2 Last Date for Depositing EMD 22.04.2014 Inspection of Prop erty with Prior Appointment 07. 04.2014 from 11 am to 2 pm from Authorized Officer DATE & TIME OF E -AUCTION 28.04.2014 from 11.00 am to 12 noon AUTOMATIC EXTENSION 5 minutes each till conclusion of sale BID MULTIPLIER (Minimum incremental Bid Value) Rs.50,000/ -

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CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

TERMS AND CONDITIONS OF AUCTION

The sale shall be subject to the conditions prescribed in the Security Interest (Enforcement ) Rules, 2002 and to the following conditions:

1. The sale will be of the property of the mortgagors/obligants above named , in “AS IS WHERE IS” , “AS IS WHAT IS” basis.

2. Auction can be for one item alone or for both, quoting specific price for each item

3. The intending bidders have to submit their EMD by way of remittance by RTGS/NEFT to A/c No . A/c NO:4332002100006672 (IFSC Code PUNB0433200), in the name of PNB PATTAMBI E AUCTION A/C M/s DEVAYANA AYURVEDIC MEDICINES AND Dr. VINOD KRISHNAN K T . The Bid Form alongwith acceptance of terms and conditions of this notice , EMD details (UTR No.) the copy of identity proof which should contain the address for future communication (Voter id/ Driving Licence/Passport) & PAN card should reach the Authorised Officer at the address given above ON OR BEFORE 22.04.2014.

4. The terms and conditions of E-auction can be obtained from Punjab National Bank, Circle Office: Kozhikode, Mini By pass Road, Govindapuram, Kozhikode, Pin- 673016 or downloaded from the e-auction website www.e-auctions.in and www.pnbindia.in .

5. The envelope containing request letter, the EMD details (UTR No.) should be superscribed “A/c M/s DEVAYANA AYURVEDIC MEDICINES AND DR. VINOD KRISHNAN K T ” alongwith the address, e-mail Id, mobile number (E-mail ID of the prospective bidder is absolutely necessary, as all the relevant information and allotment of password will be conveyed through e-mail).

6. Prospective bidders are required to obtain User- id & Password, which is mandatory, for bidding in above E-Auction from M/s Nextenders. Passwords will be allotted to only those bidders who fulfil all the terms and conditions of the E- Auction and have deposited the requisite EMD. They should also contact the service provider through their E-Mail: [email protected] or through Phones: 09167246751 / 020-25315555 / 020-25315556 sufficiently early

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CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

& get online e-auction training from them. The participating bidders will have to submit their offers/bids by logging into the said website and the sale price will be finalized through online e-auction process.

7. The undersigned reserves the right to accept or reject any or all bids, if not found acceptable or to postpone the auction at any time without assigning any reason whatsoever and his decision in this regard shall be final.

8. Bidders have to make their own arrangements for accessing the e-auction site on the date & time as mentioned above. Bidders are also advised to make their bids within 5 minutes after the last bid as the auction will come to a close if there are no bids during the last 5 minutes of the closing time. However if there is a new bid during the last 5 minutes of the closing time, the e-auction will get extended by another 5 minutes. In such a situation, the auction will extend beyond the scheduled closing time and will come to a close till there are no new bids in the next 5 minutes after the last bid. 9. In case there are bidders who do not have access to the internet access but interested in participating the e-auction, they can approach our Circle Office who as a Facilitating office shall make necessary arrangements. Such bidders may contact our Nodal Officer sufficiently early for the same. 10. Neither Punjab National Bank nor Service Provider will be responsible for any lapses /failure (internet failure, power failure etc), during the e-auction time. In order to ward-off such contingent situations, bidders are requested to make all the necessary arrangements / alternatives whatever required so that they are able to circumvent such situation and still be able to participate in the E-Auction successfully. 11. The successful bidder shall deposit 25% of the bid amount (including EMD) by RTGS/NEFT to the designated account number mentioned in clause 3 of this notice within 24 hours on the e-sale being finalized in his / her favour and the balance amount 75% of the bid amount shall be payable within 15 days from the date of auction/such extended period as agreed upon by the highest bidder and the bank. 12. In case the successful bidder fails to deposit 25% of the bid amount or the balance amount within the specified time frame as aforesaid, the entire deposit amount made by the bidder including EMD shall be forfeited by the Authorised Officer without any notice and the property shall forthwith be put up for sale Page 5 of 8

CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

again and resold by the Bank. The defaulting purchaser shall forfeit all claims to the property or to any part of the sum forwhich it may subsequently be sold. 13. For the reasons recorded, it shall be in the discretion of the Authorised Officer to adjourn/ discontinue/ postpone/ cancel the sale proceedings without assigning any reason thereof. The Authorised Officer also reserves the right to modify any terms and conditions of the advertisement/sale at his discretion without prior notice. 14. The Bank is not liable to pay any interest/ refund of EMD in case of any delay in issue of confirmation of sale/ Sale Certificate by virtue of any Court Order received after e-auction is held. 15. The sale certificate shall be issued in the same name in which the auction is made. 16. The EMD deposited by the unsuccessful bidders shall be refunded to them without any interest to the account from which RTGS/NEFT was remitted within 5 days from the date of closure of the E-auction sale proceedings. 17. The successful bidder should bear the charges / fee payable for conveyance such as stamp duty, registration charges etc as applicable as per Law. The successful bidder shall also pay other statutory dues / taxes that may be due for payment to local authorities etc as well as arrears of electricity charges, water charges etc. 18. The particulars specified in the schedule above have been stated to the best of the information of the undersigned, but the undersigned shall not be answerable for any error, mis-statement or omission in this notice.The prospective bidders may satisfy themselves about the condition of the assets/value measurements etc. 19. The decision of the Bank regarding sale of the above property shall be final. The sale in favour of highest bidder shall be subject to confirmation by the competent authority of the Bank and also subject to litigation if any, pending as on the date of sale. 20. Bidders are advised to go through the website of the E-Auction Service Provider/Vendor M/s. Nextenders India for detailed terms and conditions for auction sale before submitting their bids and taking part in the E-Auction sale proceedings and/or contact Shri Ram Mohan R , Senior Manager Nodal Officer, Punjab National Bank, Recovery Department, Circle Office,Mini By pass Road, Govindapuram Kozhikode, Pin-673016 Telephone-0495-2740961.

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CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

21. This is also a notice to the borrower/ guarantor of the above said loan about holding of this sale on the above mentioned date if their outstanding dues are not paid in full.

Sd/- Place: Kozhikode AUTHORISED OFFICER Date: 11.03.2014 PUNJAB NATIONAL BANK

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CIRCLE OFFICE: KOZHIKODE SHATABDI BHAVAN, MINI BY PASS ROAD, GOVINDAPURAM KOZHIKODE, PIN-673016 Phone No.2740961

COPY TO:

M/s Devayana Ayurvedic Smt Jeela V M Dr. Vinod Krishnan K T Medicines W/o Dr Vinod Krishnan S/o Madhavan Propx: Smt Jeela Kundilthazhathethil House Kundilthazhathethil Kadavu Road Nhangattiri P O House Kizhayoor P O Pattambi Nhangattiri P O Pattambi Pin -679 303 Pattambi Palakkad Palakkad Pin- 679303 Pin-679 303 Palakkad

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