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Enforcement) Rules, 2002 BY REGISTERED POST WITH A/D NOTICE OF SALE TO THE BORROWER UNDER RULE 8 & 9 OF THE SECURITY INTEREST (ENFORCEMENT) RULES, 2002 Ref. No.CZ: SALE NOTICE: 2020-21:213 DATE: 29-12-2020 M/s. Fashion Campus M/s. Fashion Campus 12-A, Gurumoorthy Garden Street, No.85-A, T.H.Road, Perambur5, Chennai-600011 Kaladipet, Thiruvottiyur, Chennai-600 019 Mr. K Suresh Menon, Mrs. S Sreeja Prop.M/s. Fashion Campus, No.23, “Y” Block, Plot No.950, 10th Cross Street Thirubhuvanam Apartments, 1st Main Road, 5th Avenue, Annanagar Mogappair E.R.I.Scheme, Chennai-600 040 Chennai-600 037 Re: Notice for sale of secured assets under the Securitization andReconstruction of Financial Assets and Enforcement of Security Interest Act, 2002and Rules framed thereunder ---------- The undersigned being Authorised Officer of Bank of India is having full powers to issue this notice of sale and exercise all the powers of sale under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the Rules framed thereunder. You have committed default in payment of the outstanding dues aggregating Rs.8,80,23,986.49 (Rupees Eight Crores Eighty Lakhs Twenty Three Thousand Nine Hundred Eighty Six Paise Forty Nine Only) plus further interest @ 15.95% p.a from 28- 09-2015 or at such other rates revised by bank from time to time at monthly rests together with costs, charges, etc. in respect of credit facilities availed from our Annanagar Branch. Hence the bank has issued a Demand Notice dated 09-10-2015 to pay the above mentioned amount within 60 days. You have failed to pay the amount in full even after the expiry of 60 days. Therefore, the Authorized Officer, in exercise of the powers conferred under Section 13(4), took possession of the secured assets, more particularly described in the schedule, hereunder on 19-01-2016 Present outstanding is Rs.15,94,64,359.58/-(Rupees Fifteen Crores Ninety Four Lakhs Sixty Four Thousand Three Hundred Fifty Nine and Paise Fifty Eight Only) plus applicable interest from 01.12.2020 at monthly rests together with costs, charges, etc. availed from our Annanagr Branch. Notice is hereby given to you all to pay the sum as mentioned above before the date fixed for sale, failing which the secured assets shall be put up for sale in the following mode in my discretion either in one or more lotsand on the terms and conditions as will be stipulated by the undersigned:- Mode of Sale : By holding public auction through `On line E-Auction’/Bidding Thro’ Website https://www.mstcecommerce.com Date of Sale : 21-01-2021 Time of Sale: 01.00 p.m to 02.00 p.m - With unlimited extensions of 10 minutes duration each Reserve Price : Schedule 1: Rs.1,03,24,000/- (Rupees One Crore Three Lakhs Twenty Four Thousand Only) Schedule 2: Rs.1,54,90,000/-(Rupees One Crore Fifty Four Lakhs Ninety Thousand Only) Schedule 3: Rs.1,52,26,000/-(Rupees One Crore Fifty Two Lakhs Twenty Six Thousand Only) Please note that all expenses pertaining to demand notice, taking possession, valuation and sale etc. shall be first deducted from the sale proceeds, which may be realized by the undersigned and the balance of the sale proceeds will be appropriated towards your liability as aforesaid. You are at liberty to participate in the sale to be held on the terms and conditions thereof including deposit of earnest money or may bring suitable buyers. All the below mentioned properties will be sold on “As is where is”, “As is what is”, and “Whatever There is” on 21-01-2021 basis. Please look for the sale advertisement that will appear in newspapers in due course. DESCRIPTION OF THE IMMOVABLE PROPERTY Schedule-1 Residential Land admeasuring 1135.60 Sq.ft and building with Ground+2 floors with 1125 Sq.ft. at ground, 1125 sq ft at first and 550 sq.ft at 2nd floor situated at Old Door No. 142/2, New Door No. 26, off Madhavaram High Road, Perambur, Chennai 600011. Comprised in old survery no.42 TS No. 65/1 Block No 31, Sembium Village, Perambur Taluk, Chennai District in the name of Mrs. S Sreeja, W/o. Mr. Suresh Menon K North by: House Belong to Manickam South by: House Belong to Rajaram East by: Property belong to Mrs. Sreeja(Guarantor) West by: Vacant Site Schedule-2 All that piece and parcel of 1/5th undivided share of land or 2372.20 Sq.ft of undivided share of land out of 11,861 sq.ft together with the building in the Third Floor measuring 4412 Sq.ft situated at old No. 85-A, New No.207, Thiruvotriyur high road, kaladipet, thiruvitriyur, Chennai- 600019 comprised in Survery No. 173/49 and 173/1 part of Thiruvotriyur village in the name of Mrs. S Sreeja, W/o. Mr. Suresh Menon K North by: Land and building belonging to Mr. P Unni Krishnan South by: Lane leading to Thandavar Street East by: Land and building belonging to Mr. Rochaiah West by: Thiruvottiyur High Road Schedule-3 All that piece and parcel of 1/5th undivided share of land or 2372.20 Sq.ft of undivided share of land out of 11,861 sq.ft together with the building in the Basement Floor measuring 4412 Sq.ft situated at old No. 85-A, New No.207, Thiruvotriyur high road, kaladipet, thiruvitriyur, Chennai-600019 comprised in Survery No.173/49 and 173/1 part of thiruvotriyur village in the name of Mrs. S Sreeja, W/o. Mr. Suresh Menon K North by: Land and building belonging to Mr. P Unni Krishnan South by: Lane leading to Thandavar Street East by: Land and building belonging to Mr. Rochaiah West by: Thiruvottiyur High Road AUTHORISED OFFICER Place: Chennai BANK OF INDIA .
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