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(A Government of India Undertaking) Asset Recovery Management Branch, Coimbatore

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(A Government of India Undertaking) Asset Recovery Management Branch, Coimbatore (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE REF: ARMBR/ ISR/KUNTYRES/ 1037/ 2019-20 DATE: 06.01.2020 TO:- M/s Kun Tyres India Pvt Ltd Mr. R.Ravichandran Mrs. R.Sakthieswari 121,22,SIPCOT Industrial Growth Centre, s/o P N Ramaswami (Late) w/o R.Ravichandran Perundurai-638 052. 468/11, Silver Lane Apartment, 468/11, Silver lane Apartment, Erode dt Bhavani Main Road, Bhavani Main Road, Kandham Palayam Pirivu Perundurai. Kandhampalayam pirivu Perundurai. Dear Sir/ Madam, Sub: Notice under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Rule 8(6) of the Security Interest (Enforcement) Rules, 2002 As you are aware, I on behalf of Canara Bank, have taken possession of the assets described in Schedule of Sale Notice annexed hereto in terms of Section 13(4) of the subject Act in connection with outstanding dues payable by you to us. The undersigned proposes to sell the assets (through e-auction) more fully described in the Schedule of Sale Notice. In furtherance of the earlier notice REF: ARMBR/ ISR/KUNTYRES/ 759/ 2019-20 DATE: 17.09.2019 where in 15 days period was given to settle the dues and in terms of the provisions of the subject Act and Rules made there under, I am herewith sending the Sale Notice (e-auction notice) containing terms and conditions of the sale. You are hereby given a last and final opportunity to discharge the liability in full as stated in the Sale Notice enclosed within 15 days from the date of this notice, failing which the assets will be sold as per the terms and conditions set out in the enclosed Sale Notice. This is without prejudice to any other rights available to the Bank under the subject Act/ or any other law in force. Yours faithfully AUTHORISED OFFICER CANARA BANK ENCLOSURE – SALE NOTICE CC to: Mr.M.P.Sathish kumar Mrs. Vasantha devi Mrs. Sangeetha s/o Palanisamy w/o P N Ramaswami(Late) w/o K.Arthanareeswaran, Chinnamaniampalayam 12/13, Hospital Road Vettuva Palayam, K K Valasu 4th cross, Kavindapadi, Sivagiri, Erode dt Aval Poondurai, Erode Dt Erode dt. Mrs. S.P.Manimegalai Mr. K.Shanmugham w/o Palanisamy s/o Kandasamy, Chinniampalayam 126, Manickampalayam K K Valasu Housing Board, Aval Poondurai, Erode dt Erode-4 ASSET RECOVERY MANAGEMENT BRANCH, 1st Floor REGIONAL OFFICE, TV SAMY ROAD, R S PURAM, COIMBATORE- 641002 Tel.No. 0422 2555655.2549459,2558482 E-MAIL:[email protected] Website: www.canarabank.com (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE ----------------------------------------------- SALE NOTICE ----------------------------------------------- E-Auction Sale Notice for Sale of Immovable Properties 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 Borrowers and Guarantors that the below described immovable property mortgaged/charged to the Secured Creditor, the Physical/Constructive possession of which has been taken by the Authorised Officer of SME Branch-Perundurai, of the Canara Bank, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 27.01.2020, for recovery of Rs.48,58,06,713/- (Rupees Fourty eight crores fifty eight lakhs six thousand seven hundred and thirteen only) due as on 31/05/2019 to the Asset Recovery Management Branch of Canara Bank Coimbatore from 1.) M/s Kun Tyres India Pvt Ltd, 121, 22, SIPCOT Industrial Growth Centre, Perundurai-638 052, Erode dt . 2.) Mr. R.Ravichandran s/o P N Ramaswami (Late) 468/11, Silver Lane Apartment, Bhavani Main Road, Kandham Palayam Pirivu Perundurai. 3.) Mrs. R.Sakthieswari w/o R.Ravichandran 468/11, Silver lane Apartment, Bhavani Main Road, Kandhampalayam pirivu, Perundurai. 4.) Mr.M.P.Sathish kumar s/o Palanisamy Chinnamaniampalayam K K Valasu Aval Poondurai, Erode Dt. 5.) Mrs. Vasantha devi w/o P N Ramaswami(Late) 12/13, Hospital Road 4th cross, Kavindapadi, Erode dt. 6.) Mrs. Sangeetha w/o K.Arthanareeswaran, Vettuva Palayam, Sivagiri, Erode dt. 7.) Mrs. S.P.Manimegalai w/o Palanisamy Chinniampalayam K K Valasu Aval Poondurai, Erode dt. 8.) Mr. K.Shanmugham s/o Kandasamy, 126, Manickampalayam Housing Board, Erode-4. Last date of deposit of EMD : 24.01.2020 before 5.00 PM RESERVE PRICE Item No. I : Rs. 12,71,00,000/- Item No. II : Rs. 5,98,00,000/- Item No. III : Rs. 56,10,000/- EMD AMOUNT Item No. I : Rs. 1,27,10,000/- Item No. II : Rs. 59,80,000/- Item No.III : Rs. 5,61,000/- ASSET RECOVERY MANAGEMENT BRANCH, 1st Floor REGIONAL OFFICE, TV SAMY ROAD, R S PURAM, COIMBATORE- 641002 Tel.No. 0422 2555655.2549459,2558482 E-MAIL:[email protected] Website: www.canarabank.com (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE Details of Properties: Item No. I: Hypothecated machineries/movable items as below available at the premises of the company as per the valuation report. Sl.No Item Quantity 1. K4 Intermix at 33 RPM 1 2. Mixing Mill of size 22x60 2 3. Stock Blender for 22x60 mill 2 4. 75 Ltr Rubber Dispersion Kneader along with Bucket cover 1 5. 16x48 Open Z type Calendar along with Line Equipment 1 6. 150 mm Pin barrel type cold feed rubber extruder 1 7. 60 Ton splice press for calendar 1 8. Tread Extruder Cooling Conveyor Line 1 9. Splice jammer 1 10. Bale cutter 1 11. Green tyre Awiling Machine 1 12. Compound Slitting Machine 1 13. Batch Off Cooling Unit (2) 2 14. Presses (10) 10 15. Conveyors 1 16. Drums for hot and cold Cans 16 17. Semi Auto Tyre building Machine 3 18. GT Inner painting machine 1 19. 66” Banner/Bias Cutter 1 20. Bead Winding machine 1 21. Bead Jammer 1 22. Pocket making Machine 2 23. Semi Autotyre Building Machine Drum 10” 2 24. Semi Autotyre Building Machine Drum 12” 2 ASSET RECOVERY MANAGEMENT BRANCH, 1st Floor REGIONAL OFFICE, TV SAMY ROAD, R S PURAM, COIMBATORE- 641002 Tel.No. 0422 2555655.2549459,2558482 E-MAIL:[email protected] Website: www.canarabank.com (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE 25. Semi Autotyre Building Machine Drum 13” 2 26. Semi Autotyre Building Machine Drum 16” 2 27. Semi Autotyre Building Machine Drum 17” 2 28. Semi Autotyre Building Machine Drum 18” 2 29. Semi Autotyre Building Machine Drum 19” 2 30. Liner Dressing machine for cut fabric 1 31. Liner Dressing machine for 48” liner 1 32. Fabric Sitting machine—25” 1 33. 12x30 Mill 1 34. 6x13 Calender 1 35. 6x13 Calender Line 1 36. Drum 10” 2 37. Drum 12” 2 38. Semi Autotype Building drum 8” 2 Item No. II: Part of parcel of the lease hold rights of the factory land in the name of M/s Kun Tyres India Pvt Ltd situated in Erode District, Perundurai Registration District Perundurai Sub Registration District , Perundurai taluk, Perundurai village in R.S.No.131(part) & (132) part situated at SIPCOT, Perundurai Industrial Growth Centre, plot no J -21 & Jj--22 measuring 8.21 acres and the factory buildings constructed thereon with the following boundaries: (Doct No. 3950/2012) North by: Plot No: J-20 East by: Plot No: D-11 & D-12 South by: SIPCOT Road West by: Road. Item No.III: Part and parcel of land and building at Erode West Scheme (Nasiyanur Road Phase—I) Erode Housing Scheme are bearing PLOT NO .MIG-126, in the name of Mr K Shanmugam Part in S.No.516/4 of Periyasemur Village in Erode Taluk of Erode District to the extent of 1510.71 Sq ft bounded as follows:(Doct No 87/2013) ASSET RECOVERY MANAGEMENT BRANCH, 1st Floor REGIONAL OFFICE, TV SAMY ROAD, R S PURAM, COIMBATORE- 641002 Tel.No. 0422 2555655.2549459,2558482 E-MAIL:[email protected] Website: www.canarabank.com (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE North by : Plot No.MIG-32,33 East by: Plot No.MIG,127, South by:12.19 M Road, West by: Plot No.MIG-123. For detailed terms and conditions of the sale please refer the link “E-Auction” provided in Canara Bank’s website (www.canarabank.com) or may contact Chief Manager, Canara Bank Asset Recovery Management Branch, Coimbatore (Ph. No. 0422-2549459/ 2555655) E-mail: [email protected] office hours on any working day. Portal of E-Auction: https://canarabank.auctiontiger.net. Date: 06.01.2020 AUTHORISED OFFICER Place: COIMBATORE CANARA BANK ASSET RECOVERY MANAGEMENT BRANCH, 1st Floor REGIONAL OFFICE, TV SAMY ROAD, R S PURAM, COIMBATORE- 641002 Tel.No. 0422 2555655.2549459,2558482 E-MAIL:[email protected] Website: www.canarabank.com (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED: 06.01.2020 Name and Address of the Secured Creditor : Canara Bank, Asset Recovery Management Branch, No 166,T V Samy Road West , R S Puram, Coimbatore Name and Address of the Borrowers and Guarantors: Mr. R.Ravichandran Mrs. R.Sakthieswari M/s Kun Tyres India Pvt Ltd 121,22,SIPCOT Industrial s/o P N Ramaswami (Late) w/o R.Ravichandran Growth Centre, 468/11, Silver Lane Apartment, 468/11, Silver lane Apartment, Perundurai-638 052. Bhavani Main Road, Bhavani Main Road, Erode dt Kandham Palayam Pirivu Perundurai. Kandhampalayam pirivu Perundurai. Mr.M.P.Sathish kumar Mrs. Vasantha devi Mrs. Sangeetha s/o Palanisamy w/oPNRamaswami(Late) w/o K.Arthanareeswaran, Chinnamaniampalayam 12/13, Hospital Road Vettuva Palayam, K K Valasu 4th cross, Kavindapadi, Sivagiri, Erode dt Aval Poondurai, Erode Dt.
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