Kottayam TENDER CUM AUCTION SALE NOTICE WHEREAS The

Regional Office: Kottayam

TENDER CUM AUCTION SALE NOTICE

WHEREAS the Authorised Officer of the Bank had issued Demand Notice dated 14.05.2015 to Mr. Purushan K., S/o. Kunjan, Prop. of Asian Steels, Maramveedu, Thalayazham P.O., Vaikom – 686 607 , the borrower and Mr. Sasi M.K., S/o. Kunjan, Moonnuthaickal House, Kothavara P.O., Thalayazham, Vaikom – 686 607 as Guarantor to Housing Loan –I and II limits in the a/c. of Purushan K and to Mr. Purushan K, the borrower and Mr. Purushan K, S/o. Kunjan, Kodammayil House, Pulinchuvadu, Vaikom – 686 141 and the above said Mr.Sasi M.K., being the guarantors as to CCOL and Term Loan limits in the account of M/s. Asian Steels, 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 21.08.2015.

AND WHEREAS, the borrower/ guarantors 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 Cum Auction 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.1,21,69,311.32ps (Rupees One Crore Twenty One Lakh Sixty Nine Thousand Three Hundred and Eleven and thirty two paise only) as on 12.02.2016 with further interest and costs, subject to the following terms and conditions:

Item No. 1 Name of Property Owner Mr. Purushan K Description of property: All that part and parcel of land admeasuring 8.93 ares (equivalent to 22 cents) along with residential building approximately admeasuring 2200 sq.ft., usufructs and improvements thereon situated in Sy.No. 229/8-3 of Thalayazham village, Vaikom Taluk, within the Sub- District of Thalayazham and within Kottayam District in the name of Sri K Purushan vide Sale Deed no. 986/2007 dated 06.09.2007 of SRO Thalayazham and bounded on the North by Property of Devaia Lukose, East by property of Vijayakumar, South by property of Chandran Pillai and West by Panchayath Road.

Reserve Price Rs. 44,00,000/- (Rupees Forty Four Lakh Only) Earnest Money Deposit (EMD) Rs. 4,40,000/- (Rupees Four Lakh Forty Thousand only) Date and Place of Sale 22.03.2016 at 11.00 AM At the South Indian Bank Ltd., Kottayam Regional Office, 1st Floor, Regency Square, Collectorate P.O., Kottayam – 686 002.

The South Indian Bank Ltd., Regd. Office. Thrissur, Kerala Regional Office: First floor, Regency Square, Collectorate P O, Kottayam. CIN:L65191KL1929PLC001017 Tel./ Fax No: 0481 2567927 / 2567929 E-mail: [email protected] Website: www.southindianbank.com

Regional Office: Kottayam Item No. 2 Name of Property Owner Mr. Purushan K Description of property: All that part and parcel of land admeasuring 4.05 ares (equivalent to 10 cents) along with commercial building, and other usufructs and improvements thereon situated in Sy.No. 255/6A of Thalayazham village, Vaikom Taluk, within the Sub-Registration District of Vechoor and within Kottayam District in the name of Sri K Purushan vide Sale Deed no.1248/1994 dated 14.09.1994 of SRO Vechoor and bounded on the North by property of Gomathy Amma, East by property of Jayakumar and Jagadamma, South by property of Gomathy Amma and West by PWD Road.

Reserve Price Rs. 48,00,000/- (Rupees Forty Eight Lakh only) Earnest Money Deposit (EMD) Rs. 4,80,000/- (Rupees Four Lakh Eighty Thousand only) Date and Place of Sale 22.03.2016 at 12.00 Noon At the South Indian Bank Ltd., Kottayam Regional Office, 1st Floor, Regency Square, Collectorate P.O., Kottayam – 686 002.

Item No.3* Name of Property Owner Mr. Purushan Description of property: All that part and parcel of land admeasuring 2.02 ares and 0.81 ares, totalling to 2.83 ares (equivalent to 7 cents) and other usufructs and improvements thereon situated in Sy.No.169/2A and 169/3 of Naduvila village, Vaikom Taluk, within the Sub-District of Vaikom and within Kottayam District in the name of Sri Purushan vide Sale Deed no.300/1999 dated 30.01.1999 of SRO Vaikom and bounded on the North by property of Vijayamma, East by property of Bhavani Amma and Thulasibai, South by property of Bhavani and West by Pathway.

Reserve Price Rs. 10,00,000/- (Rupees Ten Lakh only) Earnest Money Deposit (EMD) Rs. 1,00,000/- (Rupees One Lakh only) Date and Place of Sale 22.03.2016 at 02.00 PM At the South Indian Bank Ltd., Kottayam Regional Office, 1st Floor, Regency Square, Collectorate P.O., Kottayam – 686 002.

Item No.4* Name of Property Owner Mr. Purushan Description of property: All that part and parcel of land adm. 3.06 ares (equivalent to 7.56 cents) and other usufructs and improvements thereon situated in Sy. No. 168/13 of Naduvila village, Vaikom Taluk, within the Sub-District of Vaikom and within Kottayam District in the name

Regional Office: Kottayam of Sri Purushan vide Sale Deed no. 1403/1990 dated 21.05.1990 of SRO Vaikom and bounded on the North by property of Vijayan, East by property of Kunjan, South by property of Narayananpillai and West by Road.

Reserve Price Rs. 13,00,000/- (Rupees Thirteen Lakh only) Earnest Money Deposit (EMD) Rs. 1,30,000/- (Rupees One Lakh Thirty Thousand only) Date and Place of Sale 22.03.2016 at 03.00 PM At the South Indian Bank Ltd., Kottayam Regional Office, 1st Floor, Regency Square, Collectorate P.O., Kottayam – 686 002.

* - Item No. 3 & 4 will be auctioned only in the event the Bank is unable to recover the entire dues from Sale of Item Nos. 1 & 2 as per the Judgment dated 18.08.2015 of the Hon’ble High Court of Kerala in WP (C) No. 24672/2015.

TERMS AND CONDITIONS 1) The property will be sold on “as is where is” basis and “as is what is” condition and the Bank is not responsible for title, condition or any other fact affecting the property. The particulars furnished regarding the secured asset is stated to the best of information of the Bank and the Bank will not be answerable for any error, misstatement or omission. 2) The proposed Tenderers shall read and understand the terms and conditions mentioned in the Tender Sale Notice which is published by the Bank in its Website/ The South Indian Bank Ltd., Vaikom Branch, 7/329, West Gate, Vaikom – 686 141 and The South Indian Bank Ltd., Regional Office, 1st Floor, Regency Square, Collectorate P.O., Kottayam – 686002 and also visit the scheduled property and satisfy as to its area, boundaries etc, ownership, title, encumbrances, statutory approvals, measurements etc. The Bank shall not entertain any dispute regarding the Tender process or the scheduled property after participating in the sale. 3) Interested Tenderers shall produce a copy of any valid photo identity/ address proof. In case, the Tenderer is participating on authorization, he should produce the ID proof of himself and the Tenderer. 4) All amounts payable regarding the sale including EMD shall be paid by way of DD/ RTGS drawn in favour of “The Authorised Officer, The South Indian Bank Ltd.” payable at Kottayam. 5) Interested Tenderers shall submit Demand Draft for the EMD at The South Indian Bank Ltd., Kottayam Regional Office, 1st Floor, Regency Square, Collectorate P.O., Kottayam – 686 002 along with the Tender in a sealed cover before 11.00 AM on 22.03.2016. It shall be specifically mentioned on the cover as to which property the Tenders are being submitted. If Tenders are being submitted for all the properties, then the same shall be mentioned accordingly.

Regional Office: Kottayam 6) The Right of entry to the place of sale will be restricted to the Tenderers who have submitted the Tender letter and EMD in a sealed cover within the stipulated time or within such time as may be decided by the Authorised officer at his sole discretion. 7) The Authorised Officer has got right to cancel/ postpone the Auction without assigning any reason whatsoever. Further, the Authorised Officer shall have the discretion to accept, reject or return any or all the Tenders already submitted and the Bank will not entertain any claim or representation in that regard from the Tenderers. 8) The Sealed Tenders will be opened by the Authorised Officer on 22.03.2016 at 11.15 AM as to item No. 1 property, at 12.15 PM as to Item No.2 property, 2.15 PM as to Item no. 3 property and 3.15 PM as to Item no.4 property. Any tender received quoting a price below the Reserve Price will be rejected outright. 9) 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. 10) The Successful Tenderer should pay 25% of the bid amount (less EMD) immediately on receipt of bid acceptance letter 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 Authorised Officer, without any notice and the sale will be cancelled and the property will be brought to sale again. However, in desirable cases the time may be extended at the sole discretion of the Authorised Officer. 11) The sale is subject to confirmation by the Authorised Officer, who shall have right to cancel the sale also notwithstanding that the successful Tenderer has remitted the 25% of Sale amount. Further, the sale is also subject to confirmation by the Secured Creditor. 12) On the sale being confirmed and on receipt of the entire sale proceeds by the Authorised Officer, the successful Tenderer will be issued with a Sale Certificate as per the terms and conditions of the Bank and the SARFAESI 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. 13) The Authorised Officer or Bank will not be held responsible for any charge, lien, encumbrance, property tax or any dues to the Government or anybody in respect of the properties under sale. 14) The successful Tenderer shall pay all Taxes/ Electricity/ Water/ Sewerage Charges or any other charges demanded by any authority after the acceptance of the bid, even if it pertains to previous periods. 15) The Successful Tenderer shall, at his cost, get the Electricity/ Water/ Sewerage connection etc. and any other common services transferred in his name. 16) The Authorised Officer has obtained EC/ search report regarding all the properties for the following period: (a) Item No. 1 property – EC is obtained from 01.01.1983 to 28.04.2015 and an attachment is made by the Hon‟ble Sub-Court Kottayam in Sam Scaria v. Purushan K for an amount

Regional Office: Kottayam of Rs.15,54,600/-. However, the said court attachment is subject to bank's first charge over the property. (b) Item No. 2 property – EC is obtained from 01.01.1985 till 28.04.2015 and it contains nil encumbrance. (c) Item No.3 property – EC is obtained from 01.01.1984 till 07.04.2015 and contains nil encumbrance; (d) Item No. 4 property – EC is obtained from 01.01.1983 till 07.04.2015 and contains nil encumbrance. There is no encumbrance over the properties to the knowledge of the Bank other than those mentioned herein 17) For any further information and for inspection of property, the intended Tenderers may contact the Authorised Officer (Tel. No. 0481 2567927 / 2567929) or The South Indian Bank Ltd., Vaikom Branch (Tel. No. 04829 231247 / 216233) during working hours. 18) This may be treated as notice to the borrower / guarantor informing them that the property will be sold if the entire amount due to the Bank being Rs. 1,21,69,311.32ps (Rupees One Crore Twenty One Lakh Sixty Nine Thousand Three Hundred and Eleven and thirty two paise only) as on 12.02.2016, with further interests and other costs and charges is not remitted on or before the date fixed for sale.

Sd/- Date : 15.02.2016 AUTHORISED OFFICER Place : Kottayam (CHIEF MANAGER)