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

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 symbolic 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 15.04.2020, for recovery of Rs 4,24,96,965.17/- (Rupees Four Crores Twenty Four Lacs Ninety Six Thousand Nine Hundred and Sixty Five and Paise Seventeen Only) due to the secured creditor from Mr. S Senthil Kumar. (Borrower). The reserve price will be Rs.5,66,00,000/- (Rupees Five Crores Sixty Six Lacs Only) and the earnest money deposit will be Rs.56,60,000/- (Rupees Fifty Six Lacs Sixty Thousand Only), the latter amount to be deposited with the Bank on or before 13.04.2020 (last date for receipt of EMD). Description of Property SCHEDULE A (ENTIRE PROPERTY) Item – 1 All that land and building at inner Ring Road, Kolathur, Chennai – 600 099 comprised in S.No.1414/3A part, as per Patta S.No. 1414/3A2, T.S.No 72/2, Block No.46 and Ward-D of Madhavaram Village, Madhavaram Taluk, Thiruvallur District, measuring 31 cents or 13516 sq.feet and bounded on the

North by: Land belongs to Mrs. Savithri and remaining lands in S.No. 1414/3A South by: Land belongs to Mr.P Velpandian. East by: Item -2 Property West by: Lake Bund in S.no. 1420.

Item No – 2 All that land and building at inner Ring Road, Kolathur, Chennai 600099 comprised in S.No. 1414/3A and S.no.1414/5A, as per Patta S.No/ 1414/3A3 and S.No. 1414/5A1, T.S.No.72/3, Block No.46 and Ward-D of Madhavaram Village, Madhavaram Taluk, Thiruvallur District measuring 39 cents or 17004 sq.ft and bounded on the

North by: Land belongs to Mrs. Savithri South by: Land belongs to Mr.P Velpandian. East by: 200 feet Inner Ring Road West by: Item – 1 Property

Item – 1 and Item – 2 totally admeasuring 30,520 sq.feet.

SCHEDULE B All that shop portions being S.NO BLOCK FLOOR NO UNIT NO UDS SUPER BUILT UP AREA 1 A 3rd Floor A1 670 2228 2 A 3rd Floor A2 424 1338 3 A 3rd Floor A3 515 1855 4 A 4th Floor A1 670 2228 5 A 4th Floor A2 424 1338 6 A 4th Floor A3 515 1855 TOTAL 3218 10842

In Ishana Apartments, totally admeasuring 10,842 sq ft or thereabouts as per document, (As per physical measurement the extent is 10254 Sq. ft), together with 3218 sq.feet of undivided share of land in Schedule A mentioned property, together with reserved car parking spaces.

Date: 13.03.2020 Place: Chennai

N Santhana Gopalan 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 S Senthil Kumar Borrower New N.3 Old no.99, 1st Cross Street, Kumaran Nagar Peruvallur, Jawahar Nagar, Chennai 600082

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 – 1 All that land and building at inner Ring Road, Kolathur, Chennai – 600 099 comprised in S.No.1414/3A part, as per Patta S.No. 1414/3A2, T.S.No 72/2, Block No.46 and Ward-D of Madhavaram Village, Madhavaram Taluk, Thiruvallur District, measuring 31 cents or 13516 sq.feet and bounded on the

North by: Land belongs to Mrs. Savithri and remaining lands in S.No. 1414/3A South by: Land belongs to Mr.P Velpandian. East by: Item -2 Property West by: Lake Bund in S.no. 1420.

North by: Land belongs to Mrs. Savithri South by: Land belongs to Mr.P Velpandian. East by: 200 feet Inner Ring Road West by: Item – 1 Property

Item – 1 and Item – 2 totally admeasuring 30,520 sq.feet.

SCHEDULE B All that shop portions being S.NO BLOCK FLOOR NO UNIT NO UDS SUPER BUILT UP AREA 1 A 3rd Floor A1 670 2228 2 A 3rd Floor A2 424 1338 3 A 3rd Floor A3 515 1855

4 A 4th Floor A1 670 2228 5 A 4th Floor A2 424 1338 6 A 4th Floor A3 515 1855 TOTAL 3218 10842

5 The secured debt for recovery Rs 4,24,96,965.17/- (Rupees Four Crores Twenty of which the Four Lacs Ninety Six Thousand Nine Hundred property is to be sold and Sixty Five and Paise Seventeen Only) 6 Deposit of earnest money EMD: Rs 56,60,000/- 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 (S Senthil Kumar) drawn on any Nationalised or Scheduled Bank 7 Reserve price of the immovable Rs. 5,66,00,000/- secured assets:

Bank account in which EMD to A/c No.: 30319576399 IFSC: SBIN0000878 be remitted. Bank : State Bank of India, STATE BANK BUILDING,157, ANNA SALAI, CHENNAI 600 002

Last Date and Time within Time: 4:00 p.m. Date : 13.04.2020 which EMD to be remitted: 8 Time and manner of The successful bidder shall deposit 25% of sale payment 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 eAuction. 9 Time of public eAuction or Date :15.04.2020 time after which sale by any Time : 60 Minutes 11.00 AM to 12.00 Noon other mode shall be with unlimited extensions of 5 minutes each. completed.

10 The e-Auction will be M/s.e-Procurement Technologies Ltd (ETL) at the conducted through the Bank’s web portal https://sbi.auctiontiger.net. approved service provider. e-Auction tender documents containing eAuction bid form, declaration etc., are available in the website of the service provider as mentioned above

11 (i) Bid increment amount: Rs.2,00,000/- Auto extension: Unlimited extensions of 5 minutes each

(ii) Bid currency & unit of In Rupees measurement 12 Date and Time during which Date: 07.04.2020 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. 84528 88480 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 13.04.2020 before 4.00 p.m. Scanned copies of the original of these documents can also be submitted to e-mail Id of Authorised Officer. 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: 13.03.2020 Place: Chennai

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