INDIAN OVERSEAS BANK CHAVAKKAD BRANCH OPPOSITE MUNICIPAL BUS STAND CHAVAKKAD THRISSUR – 680 506
[email protected] A/C : Hi-Power Group Holdings and Enterprises (P) Ltd. SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THESECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Whereas M/s Hi-Power Group Holdings and Enterprises (P) Ltd represented by Mr R.V. Himamudheen , has borrowed monies from Indian Overseas bank , .Chavakkad branch against the mortgage of the immovable properties more fully described in the schedule hereunder and on upon classification of the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 25.08.2017.. calling upon the borrower M/s Hi-Power Group Holdings and Enterprises (P) Ltd, Hi-Power Building, Beach Road, Chavakkad – 680506 (borrower) / Mr R.V. Himamudheen Rayamarakkar House, Manathala, Chavakkad 680506, Thrissur District – Kerala (guarantor / mortgagor), Mrs Ramla Himamudheen, Rayamarakkar House, Manathala, Chavakkad 680506 (mortgagor & guarantor), Mr Hisham Himamudheen, S/O Mr R V Himamudheen, Rayamarakkar House, Manathala, Chavakkad 680506, Thrissur District - Kerala (Mortgagor &guarantor) to pay the amount due to the bank, being Rs.4,84,17,187/- as on 24.08.2017 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment within 60 days from the date of receipt of the said notice. Whereas the borrowers & guarantors having failed to pay the