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Sale Notice of Immovable Secured Assets

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Sale Notice of Immovable Secured Assets INDIAN OVERSEAS BANK SRIRAM NAGAR BRANCH 135 TTK ROAD, ALWARPET, CHENNAI-18 Ph : 24995712 / 24997205 E-mail : [email protected] SALE NOTICE OF IMMOVABLE SECURED ASSETS Issued under Rule 8(6) and 9(1) of the Security Interest (Enforcement) Rules 2002 To 1. M/s. Sri Vinayaga Enterprises, 2. Devendiran V Sir, 1. This has reference to recovery actions initiated against you under the provisions of the SARFAESI Act 2002. 2. Please refer to the possession notice dated 02.05.2019 issued to you regarding taking possession of the secured assets at more fully described in the schedule below by the undersigned for the purpose of realization of the secured assets in exercise of the powers conferred on the bank as Secured Creditor under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,2002 and the Rules there under. 3. You the above named borrowers / mortgagors / guarantors have failed to pay the dues in full save and except payments if any, made after issuance of demand notice dated 01.03.2019. Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as it is what is” condition under Sec 13(4) of the Act read with Rules 8 & 9 of the Security Interest (Enforcement) Rules, 2002. 4. After appropriating the aforesaid repayments, the dues in the loan account as on 01.08.2019 is Rs. 61.05 lakhs along with further interest at contractual rates and rests, besides costs / charges incurred till the date of repayment in full. 5. We hereby give you notice of 15 days that the below mentioned secured assets shall be sold by the undersigned on 22.08.2019 between 11.00 am and 01.00 pm with auto extension of 5 minutes through e-auction using , www.iob.in[https://www.iob.in/TenderDetails.aspx?Tendertype=E_Auction]; https://ibapi.in (Web portal). 6. A copy of the E-auction notice inviting offers for e-auction setting out the terms & conditions of sale such as particulars of the secured asset, the dues of the Bank, reserve price, earnest money deposit, date and time fixed for inspection, last date for submission of offers and date, time of sale etc is enclosed for your ready information. Please also be advised that the said sale notice will also be published The New Indian Express(daily) and Dinamani(daily) shortly. A copy of the proposed paper publication is also enclosed. DESCRIPTION OF THE IMMOVABLE PROPERTY Item 1. All that piece and parcel of land and building bearing Flat No.C in Ground Floor Mahalakshmi Flats at Plot No.7, New Door No.16, Old No.6/3, Kodambakkam Road West, West Mambalam, Chennai – 600 033 comprised in TS No.31, Block No.64 of Kodambakkam Village, Mambalam – Guindy Taluk, Chennai District, measuring an extent about 412 Sq.ft. of super built up area together with the 374 sq.ft. undivided share of land from and out of the total extent of 1 Ground 794 Sq.ft. or thereabouts owned by V Devendiran, bounded on the North By Plot No.8, House & Ground bearing D.No.8, Govindan Road, South By Kodambakkam Road West. East By Plot No.6 belongs to Shri R Sampath West By Poromboke Land Within the Sub Registration District of Ashok Nagar and in the Registration District of Madras Central. Item 2. All that piece and parcel of land and building bearing Flat No.E in First Floor Mahalakshmi Flats at Plot No.7, New Door No.16, Old No.6/3, Kodambakkam Road West, West Mambalam, Chennai – 600 033 comprised in TS No.31, Block No.64 of Kodambakkam Village, Mambalam – Guindy Taluk, Chennai District, measuring an extent about 480 Sq.ft. of super built up area together with the 436 sq.ft. undivided share of land from and out of the total extent of 3194 Sq.ft. or thereabouts owned by V Devendiran, bounded on the North By Plot No.8, House & Ground bearing D.No.8, Govindan Road, South By Kodambakkam Road West. East By Plot No.6 belongs to Shri R Sampath West By Lane Within the Sub Registration District of Ashok Nagar and in the Registration District of Madras Central. Item 3. All that piece and parcel of land and building bearing Flat No.F in First Floor Mahalakshmi Flats at Plot No.7, New Door No.16, Old No.6/3, Kodambakkam Road West, West Mambalam, Chennai – 600 033 comprised in TS No.31, Block No.64 of Kodambakkam Village, Mambalam – Guindy Taluk, Chennai District, measuring an extent about 412 Sq.ft. of super built up area together with the 374 sq.ft. undivided share of land from and out of the total extent of 3194 Sq.ft. or thereabouts owned by V Devendiran, bounded on the North By Plot No.8, House & Ground bearing D.No.8, Govindan Road, South By Kodambakkam Road West. East By Plot No.6 belongs to Shri R Sampath West By Poromboke Land Within the Sub Registration District of Ashok Nagar and in the Registration District of Madras Central. Item 4. All that piece and parcel of land and building bearing Flat No.G in First Floor Mahalakshmi Flats at Plot No.7, New Door No.16, Old No.6/3, Kodambakkam Road West, West Mambalam, Chennai – 600 033 comprised in TS No.31, Block No.64 of Kodambakkam Village, Mambalam – Guindy Taluk, Chennai District, measuring an extent about 412 Sq.ft. of super built up area together with the 374 sq.ft. undivided share of land from and out of the total extent of 3194 Sq.ft. or thereabouts owned by V Devendiran, bounded on the North By Plot No.8, House & Ground bearing D.No.8, Govindan Road, South By Kodambakkam Road West. East By Plot No.6 belongs to Shri R Sampath West By Poromboke Land Within the Sub Registration District of Ashok Nagar and in the Registration District of Madras Central. Yours Faithfully Authorised officer Encl: 1. E-auction notice containing terms and conditions 2. Proposed paper publication of E-auction notice INDIAN OVERSEAS BANK SRIRAM NAGAR BRANCH 135 TTK ROAD, ALWARPET, CHENNAI-18 Ph : 24995712 / 24997205 E-mail : [email protected] 02.08.2019 E-AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Whereas M/s. Sri Vinayaga Enterprises had borrowed monies from Indian Overseas Bank against the mortgage of the immovable properties more fully described in the schedule hereunder and on upon classification of the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 01.03.2019 calling upon the borrower/mortgager/guarantor, 1. M/s Sri Vinayaga Enterprises and the mortgagor/guarantor 2. Mr. Devendiran V, to pay the amount due to the Bank, being Rs.71,24,408.46 (Rupees Seventy one lacs twenty four thousand four hundred eight & Paise Forty six only) as on 28.02.2019 payable together with further interest at contractual rates and rests alongwith costs, charges etc till date of repayment within 60 days from the date of receipt of the said notice. Whereas the borrower/mortgagor/guarantor having failed to pay the amount dues in full to the Bank as called for in the said demand notice, the Bank has taken possession of the secured assets more fully described in the schedule hereunder on 02.05.2019 under Section 13 (4) of the Act with the right to sell the same in “As is where is” and “As is what is” basis under Section13(4) of the Act read with Rules 8 &9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank’s dues. The dues to the bank as on the date of taking possession was intimated as Rs.73,81,636.48/- (Rupees Seventy three lacs eighty one thousand six hundred thirty six & Paise Forty eight only), as on 02.05.2019 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment, after reckoning repayments, if any, since the date mentioned in the demand notice. The dues of the borrower as on 01.08.2019 works out to Rs. 61,05,000/- (Rupees Sixty One Lakhs Five Thousand only) after reckoning repayments, if any, subsequent to the Bank issuing demand notice. The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank’s dues by sale of the under mentioned properties. Contd….2… -: 2 :- SCHEDULE OF PROPERTIES Item 1. All that piece and parcel of land and building bearing Flat No.C in Ground Floor Mahalakshmi Flats at Plot No.7, New Door No.16, Old No.6/3, Kodambakkam Road West, West Mambalam, Chennai – 600 033 comprised in TS No.31, Block No.64 of Kodambakkam Village, Mambalam – Guindy Taluk, Chennai District, measuring an extent about 412 Sq.ft. of super built up area together with the 374 sq.ft. undivided share of land from and out of the total extent of 1 Ground 794 Sq.ft. or thereabouts owned by V Devendiran, bounded on the North By Plot No.8, House & Ground bearing D.No.8, Govindan Road, South By Kodambakkam Road West. East By Plot No.6 belongs to Shri R Sampath West By Poromboke Land Within the Sub Registration District of Ashok Nagar and in the Registration District of Madras Central.
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