Indian Overseas Bank Asset Recovery Management Branch 11/952 Cross Cut Road Gandhipuram Coimbatore – 641 012 Phone No.: 0422 – 2497178 E-mail-
[email protected] ARMB/509/2019-2020 29.02.2020 SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES [Under Proviso to Rule 8(6) of Security Interest (Enforcement) Rules] E-auction sale notice for sale of Immovable Assets Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 read with 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/charged to the Secured creditor, the constructive possession of which has been taken by the Authorised Officer of Indian Overseas Bank, Secured Creditor, will be sold on “As is where is” “As is what is” and “Whatever there is” on 19.03.2020 for recovery Rs.3,90,17,028/- (Rupees Three Crore Ninety Lakh Seventeen Thousand and Twenty Eight only) as on 29.02.2020 due to the Secured Creditor from the borrower M/s. Akshaya Siva Electronics, Represented by its Partners, 1/3, Sabari Garden, First Avenue, Gandhiji Road, Nallampalayam, Coimbatore-641027 and the guarantors (1.) Mr. P. Ramamoorthy, S/o. Pandaram, B-4, IVth Floor, Sri ICR Enclave, No.11, Alagesan Road No.2, Saibaba Colony, Coimbatore 641 011, (2.) Mr. R.S. Deivasigamani, S/o. Sivasalapathy Gounder, Door No.155/104, Segudinthala, Karumathampatty Village, Palladam, Coimbatore 641 668, (3.) Mrs. A. Manimegalai, W/o Late K.