union Bank qfaT-_3±searuffi of

3UTEgr, qb Andhra 3TTfa qHgr ¥rm Asset Recovery Branch

H816 No816 3irFTFT st oppankara Street chqiF fin Pin 641001

REF:ARE/15D SN/84/2021 -22 21-08-2021 Bv Read Post & Courier To:

Borrower: Factory Address : 1.IVI/s Everest Steel Tube India P ltd M/s Everest Steel India P ltd,SF No (Borrower),Represented by Managing 278/2B,2C,Trichy Main Road,Pongalur DiT.ector:S Chinnatham bi,108,Rasi village ,Pa]ladam ta]uk.Tiruppur-641667 Square I st floor,Thirumalaisamy street,New Siddhapudur ,Coimbntore

Guarantors: 2(b).Shanthi,108,Rflsi Square I st 2(a).S Chinnathambi,108,Rasi Square floor,Tliirumalaisamy street,New lst floor,Thirumalaisamy street,New Siddhapudur ,Coimbatore Siddhapudur ,Coimbatore

Dear Sir"adam,

Sub: Noticc of 15 days for sale of Immovable secured assets under Rule 8 of the Security Interest (Enforccmcnt) Rules, 2002.

I .Asset Recovery Bank Union Bank of India 816,Oppanzikkara street ,Coimbatore, Union Bank of India(e Corporation Bank), 816,Oppanakkara street ,Coimbato]-e, the sccurcd creditc)r, caused a demand notice dated 22.11.2019 under Section 13(2) of the Sccuritisation and Reccinstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling upon you to pay the dues within the time stipulated thcrcin. Since you failed to compl}` with the said notice within the period stipulated, the Authoriscd Officer, has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002. Possession notice dated 11.02.2020 issued by the Authorised Omcer, as per appendix IV to the Security Interest (Enforcement)) Rules, 2002 was delivered to you and the same was also affixed to the properties mortgaged with the Sccurcd Credltor. apart from publication of the same in newspapers. Please note that you were informc.d about your right to redeem the property within the time available uncler Section 13(8) ctf. Sccuritization and Reconstruction of Financial ^sscts and I,nforcement of Security Interest Act, 2002, which you have failed to honour. 2_ As you have fallcd to clear the dues of the secured creditor, the immovable secured assets that have been taken possession by the Authonsed officer, will be sold by holding public E-auction Oon 15.09.2021 -between 11.00 a.in to 5.00 p.in b}' inviting Bids from the public through online on www.mslcecommerce.com

3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in thc sale as proposed above.

4. A copy of the ti`rms ctf sale is enclosed for your reference. Please note that the Auction will bc conducted through E-Auction mode on the date and tlme mentioned in the enclosed terms of` sale.

Place : Coimbatore Date : 21-08-2021

Encl: Terms of sale TERMS AND CONDITIONS 0F SALE OF IMMOVABLE SECURED ASSETS:

/ I. Name and address ofthc Borrower and Guarantor

I Borrower: Factory Address : I.M/s Everest Stccl Tube India P ltd M/s Everest Steel India P ltd,SF No 278/2B,2C,Trichy (Borrower),Represented by Main Road,Pongalur village , taluk,Tiruppur- Managing Director:S 641667 Chinnathambi,108,Rasi square I st floor,ThirumaLaisamy street,New Sidt]hapudur ,Coimbatore

Guarantors: 2(b).Shanthi,108,Rasi Square I st I 2(a).S Chinnatl`ambi,108,Rasi floor,Thirumalaisamy street,New Siddhapudur Square I Ist floor,Thirumalaisamy street,New Coimbatore

Siddhapudur ,Coiml)atore

2. Name and address of the Secured Asset Recovery Bank union Bank of India Creditor : 816,Oppanakhara street ,Coimbatore, Union Bank of. India(e Corporation Bank), 816,Oppanakkara street Coimbatore 3 Descriotion of the Immovable ProI)erties.

I Property No I : PART A ln the nanc or M/s Evcrcst Stcol Tube India P Ltd. with tolal area I.13 ACTc;s cle:;cribed below as Item mos: I & 2 Item-I: (Doc No: 2599ra013. admcasuring 1.00 Acres`: In Tirupur Rcgistration Distr]ct,Palladam Sub-Registrati()n District. Palla(lam Taluk. Pongalur Village, in G.S No 278/2C (Under I'atta 9793), extent 0.40.5 Ha ( I.00 ac). dry agricultural land as per sale dccd (DC.9) but no cultivalion is done (as per de.14) in the name of M/s Everest Steel 'l`ube India P ltd. Boundaries on the North. Properl}' ofE\`errest steel ]`ube India p Ltd in sI`T NO: 278/2 (0 60 Acres), J South : Mathapur Village border. East : G.S. No 278/3, W'cst: Share land belongs to I. Lakshmi & 2. Anandi in SF NO: 278# (Boundaries as |ier latest valuation) Item-2: (Doc No: 5633#015. admcasuring 0.13 Acrest: In `l`iruppur Registration District. Pal!adam Sub Registration District, Palladan Taluk` Pongalur Panchayalh Union Limits. Pongalur Village jn S.F.No 278/2 P.Hec I.45.5 P.A 3.60 Kist Rs 6.08 in tliis on the eastern side Nortli-S()uth pochi PA. I .60 Kist Rs 2.70 in this cm the Northern side. North of the I:inds an extent orp.a. I .00 bc]onged to Everest Steels Tube India (P) I+imited, East of the lands in S F \'o 278t2 bclongcd to Lakshmi, ^nandhi, West of: the lands in S.F`.No 278/3, Sou(h of : Last West Road

within this P Ha 0 243 in this p.a.0.60 klst Rs I .01 in this on lhe caslern end Linst west 30 feet width` \'oilh South

p.a.0,13 cenLs with 1.ollo`lring boundaries on the:

North: Linst West Tar Road. South; lands an extent of 1.()0 acres belonged to Evcrcst Stccls Tube India (P) limited in S.I.`.No. 278;2, Eiist : lands in S.F`.No 278/3` West: remaining lands of Mr. M Magudeesh\\Jaran Within this 1;ast West 30 I-ccl width north south P.H.0.05.26, P.A.0.13 cents of land kist Rs 0.10 of pathway lands and havilig righls lo use this pa[hwa,v as cart-track elc., The said lzinds now sul} divided as Patta r`'o.9792, S.F.No 278/28. This Property is in the name of S Chinnathambi.

PART a MACHINERIES

All thi` machineries and movables (list attached) h}`pothccatcd lo Corporation Bank located at SF No: 278/2C. Trich} Main l{oad, P()Iigalur Village, Palladam Talul`, Tirrupur I)islrict in the name 6f M/s I;vel`eQt Stccl Tubes lndla Pvt Ltd.

ProDcrtv No2 All that parts and parci`I of Vacant slte in Colmbatore Registration Distnct` Sub-Registration District. Sulur TaluL Kanga)zimpalayam ViHage` in Cj S 71„ in the name of Mrs C Shanthi & Mr S Cti`Innathambl In thls Item No. I & 2 as descrlbecl below

Item I: Vacant Site located at Site No 61, with an extent of 40` x 60' I 2400 Sq.Ft (or) 222.965 sq.in jn the name of Mr S Chinnathambi with Boundaries on the Soilth of : Site No 60 h'orth Of : Site t\'o 62 West of : Site No 53 Eflst of : 231 wide North-S()uth layout road

Item 2. Vacant Site located at Site No 62. with an extent of 40' x cO` = 240() Sq.r`t (or) 222.965 sq.in. in the name of Mr S Chinnethambi with Boundaries on the

Soutli of : Site No 61 North of : Si[c No 63 West of : Site No 52 East or : 23' wide Nonh-South la,vout road

ProDertv No3 ln Coimbatore Registration District` Sulur Sub-Registration District . Kangayampalayam Village, in a.S 71/7

Site No 66 with an extent of 3690 Sq ft = 342.81 sq.in North of : Site No 45 East of : Property ofMurugayyan et al South of` : 23' wide East-West layout road Westof : SiteNo65 Nature: Vacant Site Thro Propcrty' is in the rrme of Mrs C Shanthi. I 7. The secured debt for the recovery of Rs.2,78,86,978.83 (Rupees Two crore seventy eight lakh which the immovable secured asset is to be eighty six thousand nine hundred and seventy eight and sol d : paise eighty three only) as on 22.11.2019 with further interest and costs thereon) 8. I Reserve price for the properties below Propertylr`o.I:Rs.151.751aklis(EXCLUSIVFjoF which the immovable property may not be GST) sold: Property No.2:Rs 44.10 Iakhs Property No.3:Rs 33.90 lakhs 8.2 EMD of the PropertiesII Property No I : Rs ]5,17,500.00 Property No 2: Rs 4,41,000.00 Property No 3: Rs 3,39,000.00

9. I . Registration

The Online E-Auction will be held through web portal/wehsite wwrw.mstcecommerce.com on the time and time

mentioned above with unlimited €xtonsion of 10 minutes.

The i nten din g b i dders / purchasers req u i red to regi ster through

https ://ww\`+ .mslcccommerce.com/aucti onhome/i bapi/in dex jsp b}' usi ng their mobi le number and \'al id emai I-id. The}`

are further rcquirc.d to uploacl KYC documents and Bank Details.

9. 2. KYC Vcrificatfon

On completion or rcgistratioii, the intending bidders / purchasers are rapuired to upload KYC documents and Banl

Dctaiis. KYC c]ocuments chall be verifled b} e-aucticin service provider which may take 2 to 3 working days. I lcnce

the registration and uploading forma]ilies arc to bc completed well in edvancc.

9. 3. EMD Payment

On completion of KYC` verification, the intending bidders / purchasers are required to pa.v l"D through NEFT/RTGS/

NEFT/\ET BANKING/UPI by generating a Challan through this wchsite in his/the;r Global HMD Vv'allet, Payment

choulcl be made within 3 days after generating the Chal]an ron NEFT / RTGS t>lhcrwrsc the Challan shall bcc{tmc

invalid The r)ayment shall be ensured well in advance before the stipulated time. If the required EMD amount is not

held in thcir C]lttbal WalleL they will not be allowed to participate. Pa}`ment of I"D+in any other mode will not be

accepted.

TThc Earnest Money Deposit shall not bear any interest and in case of unsuccessl`u] bid, the same will be relumed to

the urLsueccssful biclder by the service provider without inlcrt:st.

9.4 Bidding

TThe bldder has to select thL. propcrt} l`or which oITor is submitted from the lisl montioncd in the abit\e website nncl/ or

bidder can directly enter Property lD (as mentioned in https/tibapi.in). It]e propert)+ v,iill be visible in `I,ive ^uctions'

on \^/w' mstcecommerce com one day prior to the date of auction.

9, 5. Hetty lhak

> l'`or Registrat]ons related queries e-mall to ibapiop(3tmstcecommerce.ct)in

> For EMD paymcnLJrcfund related queries c-mall [o ibaD! finrcilmstcccommerce,cctm. > LTor Registration and I,()gin and Bidding Rules visit

hltus://www.rrmcecommerce com/auctlonhomc/1haDirfutlcx.isD and C/„A "Bi+)+er G4t/de /or LogjM crrif/

Regl.ilrallon"

> [nlcnding bidders rna.v dov.'ulozid flee ot`cc>st. copies of sale notice. Terms and Conditions of e.auction Help

Manual on operational part of e-auclion from e-Bkray ` lB^PI por[a] (https//\ww.ibapi.in) l`or auetion related queries e-mall to sarf'aesii'!_?unionbank{)I-India.com or contact Asset Recovery Branch, Union

Bank of lndin No. 816, Opi}amkara Slrcet, Coimbatore -641001

9.6 Steps Involved

> Register on c-auction portdl www.mstcecommerce.com. using mobile number and email ll).

> Upload rquuisitc KYC Dooumcnts.

> Generate challan and transfer F.MD amount to bldder.s global EMD wallct.

> Submission ot`bid shall bethrough online modcori lhcauclion dateandtime.

> ln case of successful Bid. the balance bid amount to be paid as per the terms as mentioned hereunder.

> in case ot` unsuccessful Bid, request for refund lo bc made in the MSTC website and re]`und will be made

dlreetlv by thi` MSTct

Bidders zlre adv ised tii go thrctugh the website \`/\`'w.unionhankofindia.co.in and httos: / /www.ibat)i.in,tenders for detailed terms and conditions or ^uction Salc bcforc submitting lhcir bids and taking part in the E-Aucti{>n sali` pracedings

Successful bidder will be intimated through e-mall after the closing ofthc e-Bidding Process.

10. The intending bidders may, il` they choose` tiller faking prior appointment from the Authorised Ofricer, inspect the imm()vablc/movtiblc sL`curcd assets lo be sold before the date of I-Auction.

1` shall b€ the responsjbilit;v iif the bidders to in`spect and satisf,v themselves about the agscts and specification bet()re submitting the bid On participation by an)/ pci.son or corporalc il shall bc dccmcd lhal the bidders ha\'e l`ully satisl.led thcmsc]vcs as lo the propert}' under Sale in all respects.

11.

I,`Or Pr,tl`l,rt), I

In casc or bidding thi. same shdll not bc less than Rs, 200000.()(Lin excess of highest bid amoum or the immedjale preceding bid. as the case ma}i be with multiplc incrcmcnt \'alui` o[` Rs. 200000.00

For Property 2,J]r] case oJ`bidding the same shall no( be less than R.i. It}Ot)Ilo.I)0 in excess of highest bid amount ()r the immedia[c prcccding bid. zis the case may be with multiple increment value of Rs.100000.00

12. 'l`he sale will be c()nfimiccl in fa\i()ur ol` the highest bidder and the confirmation of sale shall be subject to the conl-irmalion b}' the Secured Crcdjtor. In case of single bid recci\'ed, the sole bidder shflll bc dcclarcd ds lhi` succcssl`ul bidder.

13. Bids iince made shall not be cancelled or \\'ithdrdwn. The (`ailure on part of bidder to comply with any of the terms and conditi()ns ol`c-auction. mentioned herein will result in forfeiture ofthc amount pdid by tht: bidrler. before 15th day of confirmation of Sale or within sucli extended period as ELgri`cd upon in writing not cxcccding

months.

ln the event of failure of the successf`u] bidder to lender 25°/o ( 15% I I,VI[)). of the sale price as per the terms ot` Sale.

:hu:o::=a]:;Pa°ns;t:hdc::fahjT,n:h:::dbe:s`h°ar]:C:t:I:h:T:hsde\:cure::,;r::'::repTodpetrht:nb;:oanc::;t::rts::':h:t:un:;odrn:e::::I

it may be subsequentl)' sold.

ln del`aull or payment of balance amount of purchase price before 15 da.vs from the date of confirmation of sale b} the

Sccurcd Creditor or such extended period as ma}' be mutuall.\ agrci`d iipon bct\\Jecn the rtarties (not exc€eding 3

months) the dcposjt of25% of the amount ol`salL` pricc` made shall be forfeited and the propcrt}J shall forthwith be sold

again and the del`aulting purchaser `sha!l forfeit all claim on the propcrt}' or [o any part of the sum for \`Jhich il may bc

.iubsequent]y sold.

15. The ^uthorised Ol`ficer may, where the r)roperty sold is subject lo any encumbrances, if he thinks fit. allow the

purchaser to deposit with him the monc}J rL`qiiirL`d to discharge the encumbrances and dn}' imi`rcst dull thi`rcon together

with such additional am()unt that may bc sufficient to mL`et the L`onlingcncies or I`urther costs. cxpcnses and interest ds

may be determined b}' him.

On such deposit ol-money for discharge of encumbrances. the Aulhori`icd Offlccr ma}' issue or cause the purchaser to

issue the notices to the persons inleri`stcd in or entitled [o the money- deposited with him ancl take steps to mflkc the

payment accordingly.

16. On conl-irmation of sale by the securecl crcditoT and if the terms of payment ha\'e been complied with b,v lhi.

successful tenderer / bidder. the ^uthorised Of`ficer shall issue a cL`rtiricatc t>f sale of immovable propcl`ty in favour of

the purehascr in Appendix-V to the Security lntL`rcst (F,nforcement) Rules. 2()02

17. I,egal charges l`or con\'c,vancc: stamp duty and registration chdrgcs as applicable will be borne by the successful

bidder.

As per Section 194-IA ()f the Income Tax Act 1961. TDS (f!) 1 % wil I be applicable on the sale proc`e€ds whi.rL. lhc sale consideration is Rs.50,00,000/-(Rupees fifty lakhs) and above. The successful bidder/r)urchaser shall deduct the

TDS from the `sale price and deposit the same with the Income ']`ax Department in E¢rm No lr]-B, containing the

Bank`s name and the PAN number as a seller and submit the original receipt of the I`DS Certillcale to the Bank

(Applicabli` t`()I. immovable proper`.\', olhcr lhan Agricultural land)

19. The Authorised Offici`r will deliver the propert,v on the basls ol. s}'mb()lie/ph}/sical possession taken to the purchaser ``n`c ('r()in encumbrances. known to lhi± Sccuri`d Creditor on deposit of mone}' b,v the purchaser l()\\'ards thi` discharge o( such encumbrances.

20. The cellificate of sale wil_Ic bc issued specifically mentioning \`'hether the purchaser has purchased the immovable/movable secul.ed assets free l`rom any encumbrances known to the secured creditor or not. \-o requL.sl for change ol` namc in the ``ale certificate other than the person who ``ubmitti`d the bid/participated in the auction will be entertained.

21. The unsuccessful Bidders who have deposited EMD shall bc ontitled to have the same refunded without an}' interest respective A/c No. as registered in c-Auction The F,MD ot` unsuccessl`ul bidders will be ref-unded to the'ir

\ty\vw mstcecommcrce com. The The bidders will not be entitled lo claim any interest, costs, expenses and any other

charges (if an}J). entire amount due, vi'ilh the up-lo-dale expenses includlng 22. I f the B(trro\`/er \lyere to pa}i I() the ^uthorised Ol`ficer the

the e,\pcn`es in taklng pos+ession aiid conduclmg the salet lo the secured creditor before e-Auctiom the sale by I

auc`ion nia\ be cancelled b}' the ^uthorlscd Ot`ficcr. an}' reason thereof rLght to accept / reject the highest bid without assignmg 23. Bank` the Secured Creditor, i'escrves the

or lo cancel the sale. lity ol` the bidder f the bid(s) amount ol. bid3 F,MD or as to the eligibj 24. In case an}r dispulc arises as to the \'alidity o

author.Itv ol the person representing the bidder, the interprclation and decision of the Bank shall bc fLnal. In such an

eventuality.theBankI>hallinitssolediscret.Ionbeentitledtocalloffthcsaleandputthepropertytosalconceagain

()n any date and at such time as ma}J be decided b}' the Bank r25.i=baiHrvirio\TTadrirTi=i.I;jiFJillij{iTavT€iFTIII5iiTiJtlillFaTsbiddersforan}/Interruptlonor

in access to the site irrcspectivc ot`the causes. is", ``As is What is" and "whatever secured assets will bi` sold in ``As is where Z6. I he Libove mo\'able/immcivable

there is" c()ndilion. lov.rands dues t() the BTinJ ZiThdre-rfeoiisideration shan be excluslvel} a\'a.Ilable for appropriation

cxclusive o[ encumbrances ol dH `tatuloiy dues and Other dues if any, aH o[` which ha\ie to be paid / settled by the

proposed purchaser oiit ol` his ()\\'n sources itn the r)rttperty Authorised on-icer, there is no encumbrance 28. To the bc`t ()1` informd\ion and knowledge of the

I lowcver the inlendLng bidders should make lhcir own Lndependcnt enquLry regarcling the encumbrances, title of the

propertypulc)nauctionandtheclaims/rights/duesall`ectingth€propert}3priorlosubmittingtheirbidTheEAuction

advertiseliient docs not constitute and will not be deemed to constitule any commltmcnt or an}' represL.ntation ol` the

Banktoseuthcpropeit}'andtheAuthorisedO]ficerhasnghttocanceltheauctionwithoutassigninganyreasonThc for any third party. claims/rights/dues Ailthorlsed Ol`flcer/ Secured Creditor shall not be responsiblc in any u'ay 9003223669 Contact Person MOORTHl V Chief` Manager

Date: 21 -08-2021 Place: Coimbatore