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STATE BANK of INDIA Asset Recovery Management Branch Address of the Branch : First Floor, 44, Eldams Road, Teynampet, Chennai - 600 018

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STATE BANK of INDIA Asset Recovery Management Branch Address of the Branch : First Floor, 44, Eldams Road, Teynampet, Chennai - 600 018 STATE BANK OF INDIA Asset Recovery Management Branch Address of the Branch : First Floor, 44, Eldams Road, Teynampet, Chennai - 600 018. Landline No. 044-2434 0392, 044-2432 0393 SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES E-Auction Sale Notice for Sale of Immovable Assets under the Securitization 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 Borrower(s) and Guarantor(s) that the below described immovable property mortgaged to the Secured Creditor, the constructive possession of which has been taken by the Authorized Officer of State Bank of India, the Secured Creditor, will be sold on “As is Where is”, ”As is what is” and “Whatever there is” basis on 06th September, 2019. Sl.No.1 : Recovery of Rs.80,49,338/- (Rupees Eighty lakh forty nine thousand three hundred and thirty eight only), due to the Secured Creditor from Sri N.Anandan and A. Sangeetha (Borrowers) as on 19.07.2019. The Reserve Price will be Rs.31,50,000/- (Rupees Thirty One Lakh and Fifty Thousand Only) and the earnest money deposit will be Rs.3,15,000/- (Rupees Three Lakh and Fifteen Thousand Only). DESCRIPTION OF THE PROPERTY All that piece and parcel of house property measuring 1280 Sq.ft, bearing Plot No. 19, with house building, in Muthamizh Nagar 1st Street, Vide DTCP approval No. 37/99, comprised in Old S. No. 541/3 then S.No. 541/3A1 part as per patta 3509 new Sub-division S.No. 541/9, situated in Dharapadavedu Village, Katpadi Taluk, Vellore District, situated within the Sub Registration District of Katpadi and Registration District of Vellore Bounded on the: North by : Plot No 19 part, belongs to Selvi, South by : Plot No 20, East by : Park, West by : Public Road. Total Saleable area of 1280 Sq.ft. Property in the name of Sri.N.Anandan. Sl.No.2 : Recovery of Rs.26,61,36,675.02 as on date plus future interest & cost and expenses thereon, due to the secured creditor from M/s Nashika Industries Pvt Ltd. The reserve price will be Rs 1,37,50,000/- and the earnest money deposit will be Rs.13,75,000/-. DESCRIPTION OF THE PROPERTY Land totally measuring 5742 Sq.ft and Building of 5855 Sq. ft. in Plot Nos. 103, 104, 115 & 116 and Survey Nos. SF 153 & 156, Sulai Venkatesa Mudaliyar Pradana salai, Allapuram, Vellore in the name of Mr. Kishore N Patel IMPORTANT TERMS AND CONDITIONS OF THE AUCTION SALE 1. E-Auction will be held “Online” on “AS IS WHERE IS” and “AS IS WHAT IS BASIS “ and ‘WHATEVER THERE IS BASIS”. 2. The auction will be conducted through Bank’s approved Service Provider M/s. C1 India Private Limited at the web portal https://www.bankeauctions.com (Contact person Shri Srinath, Mob.No. 9840446485). E-auction tender document containing online e-auction bid form, Declaration, General Terms and Conditions of online auction sale are available in website viz (a) www.sbi.co.in (b) https://www.bankeauctions.com 3. Date and Time of E-auction : 06th September, 2019 between 12.30 PM. to 01.30 P.M. with auto time extension of five minutes each till sale is completed. 4. Bid Multiplier : Sl.No.1 - Rs.25000/-, Sl.No.2 - Rs.1,00,000/- 5. Inspection of properties: Date : 31th August, 2019, Time : 11.00 a.m. to 4.00 p.m. 6. Last Date for submission of Bid Form along with EMD - 04th September, 2019 upto 5.00 P.M 7. To the best of knowledge and information of the Authorized Officer, there is no encumbrance on the property/ies. However, the intending bidders should make their own in dependent inquiries regarding the encumbrances, title of property/ies put on auction and claims/rights/dues/affecting the property, prior to submitting their bid. The e-auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation of the bank. The property is being sold with all the existing and future encumbrances whether known or unknown to the bank. The Authorised Officer/Secured Creditor shall not be responsible in any way for any third party claims/rights/dues. 8. The sale shall be subject to the rules/conditions prescribed under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 9. The above properties will not be sold below the Reserve Price mentioned. 10. The sale will attract the Provision of Sec.194-1A of the Tax Act. 11. For Further Details, please contact : Shri B. Saminathan, Contact No.7823923795 12. Please refer to the link provided in State Bank of India, the Secured Creditor’s website “bank.sbi”, “sbi.co.in” and service provider website “www.bankeauctions.com” Place : Vellore, Authorised Officer, Date : 26.07.2019 State Bank of India.
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