India SME Asset Reconstruction Company Limited (CIN: U67190MH2008PLC181062) 1004, 10th Floor, Naman Centre, Plot no. C-31 G -Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. Phone: +91 22 2675 2600, Fax: +91 22 2675 2699. SALE NOTICE OF IMMOVABLE PROPERTIES UNDER SARFAESI ACT, 2002 on “AS IS WHERE IS BASIS & AS IS WHAT IS BASIS” Whereas The Authorized Officer of the UCO Bank, under the Securitization and Reconstruction of the Financial Assets and Enforcement of Security Interest Act, 2002 herein after termed as SARFAESI Act 2002 and in exercise of powers conferred under Section 13(12) read with relevant rules of the Security Interest (Enforcement) Rules, 2002 had issued demand notice u/s. 13(2) of SARFAESI Act, 2002 on May 19, 2008 calling upon the borrower M/s.Chetak Enterprises, No.1709 – A, Chakkaraparambu, NH Bye Pass, Vennala, P.O. Ernakulam District 682 028 represented by its proprietor Shri.K S Sreenivas and guarantors 1) Smt.C.S Sreekumari W/o Shri. K. S.Sreenivas 2) Smt.Hemalatha, 3) Shri.Sathyanesan to repay the amount mentioned in the notice being Rs.1,59,18,414/- (Rupees One Crore Fifty Nine Lakh Eighteen Thousand Four Hundred and Fourteen only) as on March 31, 2008 along with the applicable interest from April 4, 2008, incidental expenses, cost etc. Having failed to repay the said amount, the said Authorized Officer had taken possession of the properties described herein below in exercise of the powers conferred under Sec 13(4) of the said Act read with relevant rule on September 3, 2008. The undersigned being the Authorized Officer of India SME Asset Reconstruction Co Ltd. being the Assignee of the debt of M/s. Chetak Enterprises from UCO Bank (Original Lender & Assignor) by virtue of Assignment Agreement dated June 1, 2011 invites offers in sealed cover for purchase of immovable properties on “AS IS WHERE IS BASIS & AS IS WHAT IS BASIS” as per brief particulars given hereunder. Details of Sale Place of Auction Date/Time of Opening Tender/Auction India SME Asset Reconstruction Co Ltd. 1004, 10th Floor, Naman Centre, July 29, 2015 Plot no. C – 31, G-Block At 11 AM Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Description of the properties – Immovable Assets Lot 1: 1.1 All that part and parcel of the property consisting of 6.622 cents (2.68 Are) of land together with building comprised in S.No.308/38 of Madaplathuruth Desom, Muthakunnam village, Vadekkekkara Panchayath, Paravur Taluk, Ernakulam District. Bounded By: North by property of Valath Shaji, South by 5 links width road. East by N.H.Road, West by property of Meeraben, Radhakrishnan, Cheeru. 1.2 All that part and parcel of the property consisting of 27.5 cents (11.14 Are) Actual Possession 27 cents (10.93 Are) cents of land together with building comprised in Sy.No.308/40 of Madaplathuruth Desom, Muthakunnam Village, Vadekkekkara Panchayath, Paravur Taluk, Ernakulam District. Bounded By: North by Property of Radhakrishanan & Cheeru, South by half of Thodu of Ambattu Jolly, East by property of Radhakrishnan, Roy and 5 links width road, West by half of thodu of Ambattu Pyarelal. 1.3 All that part and parcel of the property consisting of 6.500 cents (2.63 Are) of land with buildings comprised in Sy.No.308/40 of Madaplathuruth Desom, Muthukunnam village, Vadekkekkara Panchayath, Paravur Taluk, Kalavampara house, Kottuvallykkad, Moothakunnam po., Pin 683 516, Ernakulam Dist. Bounded by: North by property of Thrippanathu Cheeru, South by property of K.S. Sreenivas, East by property of K.S. Sreenivas, West by property of K.S. Sreenivas. 1.4 All that part and parcel of the property consisting of 10cents (4.05 Are) of land with building comprised in Sy.No.308/39- A of Madaplathuruth Desom, Muthukunnam Village, Vadekkekkara Panchayath, Paravur Taluk, Ernakulam District. Bounded by: North by property of Valathu house, South by property of K.S. Sreenivas, East by property of K.S. Sreenivas, West by Panchyath Thodu. 1.5 All that part and parcel of the property consisting of 8.718 ( 3.53 Are) of land together with building comprised in SY.No.203/8 and 203/9 of Madaplathuruth Desom, Muthukunnam village, Vadekkekkara Panchyath, Paravur Taluk, Ernakulam District. Bounded by: North by Thodu, South by Property, East by Thodu, West by Property of Jolly and Private Road. Total extent of above 1.1 to 1.5 schedule of property is 58.840 cents together with building thereon lying as a single plot. Reserve price Lot 1(1.1 to 1.5) : Rs.1,17,00,000/- (Rupees One Crore Seventeen Lakh only) Earnest Money Deposit (EMD) : Rs. 11,70,000/- (Rupees Eleven Lakh Seventy Thousand only) Lot 2: All that part and parcel of the property consisting of 41.897 cents (16.96 Are) of land comprised in Sy.No.98/13B-1,98/18A-1 and 98/17A in Kujithai Kara, Vadakkekara village, Vadakkekara Gramam Panchyath, Paravoor Taluk, Ernakulam Dist. Bounded By: North by Property of Charliements & Periyar Puzha, South by Sugathan, Ajithakumar, East by Property of Charliments & Vettuvanthara Pappu Rajan & others, West by Property of Ajithkumar, Sugathan & Chruch. Reserve price Lot 2 : Rs.14,13,000/- (Rupees Fourteen Lakh Thirteen Thousand only) Earnest Money Deposit (EMD):Rs.1,41,300/- (Rupees One Lakh Forty One Thousand Three Hundred only) Lot 3: 3.1 All that part and parcel of the property consisting of 20 cents (8.09 Are) of land together with RCC residential building having 2200 Sq.ft comprised in Sy. No.83/14 in Kottuvallykkad Muri, Moothakunnam village, Vadekkekkara Grama Panchayath, Paravur Taluk, Ernakulam Dist. Bounded by : North by Property of Smt.Remani, South by Property of Smt.Sathi, East by Property of Manapparmbil Venu & Kesavan and West by Property of Kalavampara Subhash, Sunilkumar & Netiyara Sukumaran & Kannathara Kunjappan 3.2 All that part and parcel of the property consisting of 5 cents (2.02 Ares of land) together with building comprised in Sy. No.83/14 in Kottuvallykkad Desom, Moothakunnam village, Vadekkekkara Grama Panchayath, Paravur Taluk, Ernakulam Dist. Bounded by: North by Property of Sathyanesan, South by Chellamma, Wilson, East by Property of Manapparambil Kesavan, West by : Property of Sunilkumar. 3.3 All that part and parcel of the property consisting of 4.430 cents (1.79 Ares of land) in Sy. No.83/15 -1 in Kottuvallykkad Desom, Moothakunnam village, Vadekkekkara Grama Panchayath, Paravur Taluk, Ernakulam Dist. Bounded by: North by property of Babu Rajendra Prasad, V R Remani, South by property of Manapparmbil Venu, Kalavampara Sathyanesan, East by property of Mani Bhai, West by Property of Kannathara Kunjappan. Reserve price Lot 3 (3.1 to 3.3) : Rs.27,79,200/- (Rupees Twenty Seven Lakh Seventy Nine Thousand Two Hundred only) Earnest Money Deposit (EMD) : Rs.2,77,920/- (Rupees Two Lakh Seventy Seven Thousand Nine Hundred Twenty only) Terms and Conditions of Sale 1. Sale is subject to conditions prescribed in the Security Interest (Enforcement) Rules 2002. 2. If the borrower pays the amount outstanding to ISARC before the date of sale, the sale is liable to be stopped. 3. The property shall not be sold below the Reserve price. 4. The above secured assets will be sold on “AS IS WHERE IS BASIS” and “AS IS WHAT IS BASIS”. 5. For participating in the tender/auction the intending bidders have to deposit 10% of the reserve price of the property by way of Demand Draft favouring “ISARC 14/2010 – 11 Trust” payable at Mumbai enclosed to the tender form (tender form shall be downloaded from www.isarc.in), which is refundable without interest, if the bid is not successful. In the case of successful bidder the said deposit shall be adjusted 6. The offerors may send their offers in sealed cover (super scribing the name of the property) along with Demand Draft in favor of “ISARC 14/2010 – 11 Trust” payable at Mumbai, on or before July 28, 2015 at 5 P.M. addressed to the Authorized Officer, India SME Asset Reconstruction Co Ltd., 1004, 10th Floor, Naman Centre, Plot no. C- 31, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051, which will be opened on the date & time fixed for auction. The offer not accompanied by Demand Draft of the requisite amount of the Earnest Money shall be rejected. 7. Authorized Officer reserves the right to accept or reject any bid or postpone or cancel the auction or opening of the tenders without assigning any reason. 8. The highest bid will be subject to approval of the secured creditor/Authorized Officer. 9. The successful bidder should pay 25% of the bid amount (Inclusive of EMD) immediately on sale being knocked in bidder’s favor and the balance amount within 15 days from thereon. In case of default, all amounts deposited till then shall be forfeited including earnest money. 10. The successful bidder should bear the charge / fee payable for conveyance such as stamp duty, Registration Fee, incidental expenses etc. 11. On compliance of the terms of sale, Authorized Officer shall issue “CERTIFICATE OF SALE” in accordance with the Rule 9(6) of the Security Interest (Enforcement) Rules, 2002 in favor of successful bidder / purchaser. 12. Intending bidders should make discrete enquires as regards any claim, charges on the property of any authority, besides the Bank’s charges and should satisfy themselves about the title, extent, quality and quantity of the property before submitting the bid. No claim of whatsoever nature regarding the property put for sale/charges/encumbrances over the property or any other matter etc, will be entertained after submission of the bid.