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Oe Ds Canara Bank OW oe ds Canara Bank (A GOVERNMENT OF INDIA UNDERTAKING) COVERING LETTER TO SALE NOTICE Ref: E-Auction Sale/BS GARMENTS Date :08-02-2021 To. ) M/s. BS Garments, Prop: Mr Balasubramaniam K. No 18. Ammaniamnmal Layout. Perichipalayam. Tirupur-641608. 2) Mr. Balasubramaniam K S/O Krishnasamy, 4/14, Thonguttipalayam PO, Tirupur-641665. 3) Mr. Eswaramoorthy V S/O Velusamy No 36 B, Bungalow Pudur RoadKangeyam, Tirupur 641701 Dear Sir, Sub: Notice under Section 13(4) of 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. **************** **** As you are aware, I on behalf of Canara Bank, Tiruppur SME Branch have taken possession of the mortgaged assets described in the Schedule of Sale Notice annexed hereto in terms of Section 13(4) of the subject Act in connection with outstanding dues payable by you to our Tiruppur SME of Canara Bank. The undersigned proposes to sell the assets more fully described in the Schedule of Sale Notice. Hence, in terms of the provisions of the subject Act and Rules made there under, I am herewith sending the Sale Nbtice being published in the newspaper containing the terms and conditions of the sale. This is without prejudice to any other rights available to the Bank under the subject Act/ or any other law in force. For CANARAYours faithfully, BANK Auutherse Qficer Canara Bank ENCLOSURE SALE NOTICE ANCH ANARA BANK, TIRUPPUR SME BRANCH, 40-B, KURINJI TowERS, APPACHI NAGAR MAIN ROAD, KONGU NAGAR, TIRUPUR DISTRICT-6416007 N soTe d Canara Bank (A GOVERNMENT OF INDIA UNDERTAKING) ANNEXURE 13 (Auction Sale Notice for Sale of Immovable Properties) SALE NOTICE E-Auction Saie Notice for Sale of Immovable Properties 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/charged to the Secured Creditor, the constructive/physical possession of which has been taken by the Authorised Officer of Tiruppur SME Branch of the Canara Bank, will be sold on "As is where is", "As is what is", and "Whatever there is" on 25/02/2021, for recovery of Rs.1,54,17,457.38/-(Rupees One Crore Fifty Four Lakhs Seventeen Thousands Four Hundred and Fifty Seven and Paise thirty eight Only) as on 16/07/2019 and further interest due from 01/07/2019 to the Tiruppur SME Branch of Canara Bank from M/S B S Garments (Prop: Mr Balasubramaniam K) and Mr Eswaramoorthy V. The reserve price will be Rs. 1,50,00,000/- (Rupees One Crore Fifty lakhs only) and the earnest money deposit will be Rs.15,00,000/-. The Earnest Money Deposit shall be deposited on or before 22/02/2021 at 4.00 pm. Details and description of the immovable property Partand Parcel of Land and Building as described below. Item No. Survey No. Extent Of Area Location & Boundaries 1 S.F.NO 699/7, 47 CENTS OF LAND In Tiruppur District, Kangeyam Sub Registration District 699/8, 699/9 Kangeyam Village &Town, Bungalow pudur road. Boundaries: North: R S No 697 South: 12 ft wide East west Thadam East: Deivasigamani property West: Govindammal Vagaiyara land S.F.NO 699/7, 34.75 CENTS OF LAND |In Tiruppur District, Kangeyam Sub Registration District, 699/8, 699/9 |Kangeyam Village &Town, Bungalow pudur road. Boundaries: North: 12 ft East west Thadam South: East west thadam in RS no 699/4 East: Deivasigamani property West: Govindammal Vagaiyara land S.F.NO 699/7, 0.75 CENTS COMMON In Tiruppur District, Kangeyam Sub Registration District, 699/8, 699/9 PATHWAY HALF SHARE IN 1.50 Kangeyam Village & Town, Bungalow pudur road. CENTS Boundaries: North: Abovementioned Item No 1 South: Above mentioned Item No 2 East: Deivasigamani property West: RS No 699/9 in 12 ft wide East West Thadam 4 S.F.NO 699/7, 0.75 CENTS -COMMON 699/8, 699/9 SHAPE IN 8.50 CENTS For detailed terms and conditions of the sale please refer the link "E-Auction provided in Canara Bank's website (www.canarabank.com) or may contact Chief Manager, Tiruppur SME Branch, Canara Bank , Ph. No. 0421 - 2228475 during office hours on any working day. For CANARA BANK L NCH Date:ndda 987022021 Place: Tiruppun AutheritarisdCANARA BANK Öfficer CANARBANK, TIRUPPURKONGUSME BRANCH,NAGAR,40-B,TIRUPURKURINJ1DISTRICT-641607TOWERS, APPACHI NAGAR MAIN ROAD dorel d Canara Bank (A GOVERNMENT OF INDIA UNDERTAKING) DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED 08/02/2021 Name and Address of the Secured Creditor: Canara Bank, Tiruppur SME Branch 2. Name and Address of the Borrower :M/SBS Garments, Prop: Mr Balasubramaniam K, No 18, Ammariammal Layout, Perichipalayam, Tirupur 641608. :MrBalasubramaniamK S/o Krishnasamy, 4/14, Thonguttipalayam PO, Tirupur -641665. 3. Name and Address of the Guarantor :Mr. Eswaramoorthy VV S/o Velusamy No 36 B, Bungalow Pudur Road Kangeyam, Tirupur - 641701 4. Total liabilities as on 16/07/2019 RS 1,54,17,457.38/-(Rupees One Crore Fifty Four Lakhs Seventeen Thousands Four Hundred and Fifty Seven and Paise Thirty Eight Only plus interest from 01.07.2019) 5. (a) Mode of Auction :E-AUCTION (b) Details of Auction service provide M/s C1India Pvt.Ltd (c) Date & Time of Auction 25/02/2021 11.30 am to 12.30 pm (d) Place of Auction :ONLINE 6. Reserve Price Rs. 1,50,00,000/- (Rupees One Crore Fifty lakhs only) 7. Other terms and conditions: a) Auction/bidding shall be only through "Online Electronic Bidding'" through the website www.bankeauctions.com. Bidders are advised to go through the website for detailed terms before taking part in the e-auction sale proceedings. b The property can be inspected, with Prior Appointment with Authorised Officer, on or before 22/02/2021 C) The property will be sold for the price which is more than the Reserve Price and the participating bidders may improve their offer further during auction process. d) EMD amount of 10% of the Reserve Price is to be deposited by way of Demand draft in favour of Authorized Officer, Canara Bank, Tiruppur SME Branch OR shall be deposited through RTGS/NEFT/Fund Transfer to credit of account of Canara Bank, Tiruppur SME Branch, A/c No 2415296000001 IFSC Code: CNRBO002415 Account Name: CANARA BANK SME, Tiruppur on or before 22/02/2021 4.00 pm. eRANGNCH CANARA BANK, TIRUPPUR SME BRANCH, 40-B, KURINJI TOWERS, APPACHI NAGAR MAIN ROAD, KONGU NAGAR, TIRUPUR DISTRICT-641607 àsote d Canara Bank (A GOVERNMENT OF INDIA UNDERTAKING) a)Intending bidders shall hold a valid digital signature certificate and e-mail address. For deteils with regard to digital signature please contact the service M/S CiIndia Pvt. Ltd, Shrinath, 9840446485, [email protected] e) After payment of the EMD amount, the intending bidders should submit a copy of the following documents/details on or before 22/02/2021, 4.00 PM, to Canara Bank, Tiruppur SME Branch, by hand or by email. i) Demand Draft/Pay order towards EMD amount. If paid through RTGS/NEFT, acknowledgement receipt thereof with UTR No. i) Photocopies of PAN Card, ID Proof and Address proof. However, successful bidder would have to produce these documents in original to the Bank at the time of making payment of balance amount of 25% of bid amount. i) Bidders Name. Contact No. Address, E Mail ld. iv) Bidder's A/c details for online refund of EMD. f) The intending bidders should register their names at portal www.bankeauctions.com and get their User 1D and password free of cost. Prospective bidder may avail online training on E- auction from the service provider M/s CiIndiaPvt. Ltd. g) EMD deposited by the unsuccessful bidder shall be refunded to them. The EMD shall not carry any interest. h) Auction would commence at Reserve Price, as mentioned above. Bidders shall improve their offers in multiplies of Rs.1,00,000/-. The bidder who submits the highest bid (above the Reserve price) on closure of 'Online' auction shall be declared as successful bidder. Sale shall be confirmed in favour of the successful bidder, subject to confirmation of the same by the secured creditor. ) The successful bidder shall deposit 25% of the sale price (inclusive of EMD already paid), immediately on declaring him/her as the successful bidder and the balance within 15 days from the date of confirmation of sale by the secured creditor. If the successful bidder fails to pay the sale price, the deposit made by him shall be forfeited by the Authorised Officer without any notice and property shall forthwith be put up for sale again. i)For sale proceeds of Rs. 50,00,000/- (Rupees Fifty lakhs) and above, the successful bidder will have to deduct TDS at the rate 1% on the Sale proceeds and submit the original receipt of TDS certificate to the Bank. k) All charges for conveyance, stamp duty/GST registration charges etc., as applicable shall be borne by the successful bidder only. 1)Authorised Officer reserves the right to postpone/cancel or vary the terms and conditions of the e- NCH ndonauction without assigning any reason thereof. CANARA BANK, TIRUPPUR SME BRANCH, 40-B, KURINJI TOWERS, APPACHI NAGAR MAIN ROAD, KONGU NAGAR, TIRUPUR DISTRICT-641607 àvoTEI d Canara Bank (A GOVERNMENT OF INDIA UNDERTAKING) m) In case there are bidders who do not have access to the internet but interested in participating the e-auction, they can approach concerned Circle office or that, as a facilitating centre, shall make necessary arrangements.
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