Regional Office: Coimbatore

TENDER CUM AUCTION SALE NOTICE WHEREAS the Authorised Officer of the Bank (hereinafter referred as AO) had issued Demand Notices dated 18.01.2014 to (1)Mr.Balamurugan.S S/o Subramanian.P and Co- obligants/Guarantors (2)Mr.Subramanian P. and (3) Smt.Meenakshi.S W/o Balamurugan,all residing at 70,Transport Nagar,Lakkapuram P.O, Road,-638002, under section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as ‘The Act’) and has taken Symbolic possession of the immovable properties, more fully described in the schedule hereunder under Section 13(4) of the Act read with Rule 8 of the Security Interest (Enforcement) Rules, 2002 on 11.06.2014.

AND WHEREAS, the borrower/Guarantor have failed to pay the amount, notice is hereby given that the immovable properties more fully described in the Schedule hereunder will be sold by way of tender on “as is where is” basis and “as is what is” condition, on the date and at the place mentioned herein below for realization of a sum of Rs. 12,11,426.41 ps (Rupees Twelve Lakhs Eleven Thousand Four Hundred Twenty Six and paise Forty one Only) as on 15.09.2014 as per the Original Application filed by the Bank before the Hon’ble DRT Madurai as OA No. 48 of 2014, with further interest and costs, subject to the following terms and conditions: - Name of Property Mr. S. Balamurugan Owner Description of All that part and parcel of land in , Erode property Registration District, Avalpoondurai Sub Registration District, Erode Taluk, Nanjai Uthukuli Village, lands in old S.No.38 corresponding to S.Nos.24, 25, 26, 37 & 38 corresponding to RS.No.181 corresponding to new RS.No.181/1A, 1B totaling 37 Acres 90 Cents; which are divided into various house sites; out of which Plot No.75 measuring East-West 40 feet both on the Northern & Southern side and North-South 60 feet both on Eastern- Western side totaling 2400 Sq.ft and buildings constructed thereon having door No.108-112/3, more fully described in Sale deed No.2007/05 dated 12.08.2005 of Aval Poondurai Sub Registrar’s office in the name of Mr.Balamurugan.S, within the following boundaries, South : House site no.90 North : 30 feet wide East-West Road East : House site no.76 belongs to Mr.Murugesan West : House site no.74 belongs to Mr.M.A Subramaniam Reserve Price Rs 36,00,000/-(Rupees Thirty Six Lacs Only) Earnest Money Rs 3,60,000/- (Rupees Three Lacs Sixty Thousand Only)by

The South Indian Bank Ltd. Regional Office, P.B.No.3868, Trichy Road, Sungam, Coimbatore-18, Email: [email protected], Tel. 0422-2303694, 2302398, Fax -2303618 Website: southindianbank.com

Regional Office: Coimbatore

Deposit EMD) way of DD favouring “Authorised Officer, The South Indian Bank Ltd.” Payable at Coimbatore along with tender letter in a sealed cover to the Authorised Office before 10.30 am on 26.09.2014 Date and Place of Sale At 11.00 am on 06.11.2014 in The South Indian Bank Ltd, Regional Office, Trichy Road, Sungam, Coimbatore-18,

TERMS AND CONDITIONS 1) The proposed Tenderers shall read and understand all the terms and conditions mentioned in the Auction Sale Notice which is published by the Bank in its Website/ Erode Branch and Coimbatore Regional Office and also visit the scheduled property and satisfy as to its area, boundaries, ownership, title, encumbrance, statutory approvals, measurements etc.

2) The sealed tenders along with EMD shall be submitted before 10.30 am on 06.11.2014 at the South Indian Bank Ltd., Regional Office, Coimbatore. The sealed tenders will be opened by the AO on 06.11.2014 at 11.00 am. Any tender received quoting a price below the Reserve Price will be rejected outright.

3) After opening the tenders, the Tenderers who are present may be given an opportunity at the discretion of the Authorised Officer to have inter se bidding among themselves to enhance their offer price.

4) The AO has got right to cancel/ postpone the Sale without assigning any reason whatsoever.

5) The Successful Tenderer should pay 25 % of the Tender amount (less EMD) immediately on receipt of bid acceptance letter in his favour and the balance 75% amount within 15 days of the sale, failing which the entire amount paid by the Tenderer shall be forfeited by the AO, without any notice. However, in desirable cases the time may be extended at the sole discretion of the AO.

6) On the sale being confirmed and on receipt of the entire sale proceeds by the AO, the successful Tenderer will be issued with a Sale Certificate as per the terms and conditions of the Bank and the Act. The successful Tenderer should pay all the existing dues etc., to the Government/ Local Authorities including charges/ fees payable for registration of sale certificate such as registration Fees, Stamp Duty etc., as applicable as per law.

The South Indian Bank Ltd. Regional Office, P.B.No.3868, Trichy Road, Sungam, Coimbatore-18, Tamil Nadu Email: [email protected], Tel. 0422-2303694, 2302398, Fax -2303618 Website: southindianbank.com

Regional Office: Coimbatore

7) The AO has obtained EC/ search report regarding the property from 01.01.1983 to 03.05.2014 and it contains no encumbrance. 8) For any further information and for inspection of property, the intended Tenderers may contact the AO or The South Indian Bank Ltd, Erode Branch (0424- 2257547) during working hours.

9) This may be treated as notice to the borrower/ co-obligant/ guarantor informing them that the property will be sold if the entire amount due to the Bank being Rs. 12,11,426.41 ps (Rupees Twelve Lakhs Eleven Thousand Four Hundred Twenty Six and paise Forty one Only) as on 15.09.2014 as per the Original Application filed by the Bank before the Hon’ble DRT Madurai as OA No. 48 of 2014, with interest and other costs and charges from 16.09.2014, is not remitted on or before the date fixed for sale.

Date :16.09.2014 AUTHORISED OFFICER Place: Coimbatore (CHIEF MANAGER)

The South Indian Bank Ltd. Regional Office, P.B.No.3868, Trichy Road, Sungam, Coimbatore-18, Tamil Nadu Email: [email protected], Tel. 0422-2303694, 2302398, Fax -2303618 Website: southindianbank.com