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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: 2020-21:62 DATE: 20-07-2020 To, M/s Saaqib Leather Industry Mr. J Jahangeer Represented by its proprietorix S/o Mr Jabbar Sahib, Having office at No.135, Bakker Street, Shop No.6, Old No.6, New no.11, Melvisharam, Vellore District. Lalakutty Street, Periamet, Also at Chennai 600003 34-B, V P Koil street, Also at Palanipet Post, Aarakonnam Taluk, No.15/3, MBT Road cross, Vellore 632505 Ranipet, Vellore District 632401. Mrs. S Aameera Sultana Mr. Syed Sathick Basha W/o Mr B Syed Sathick Basha S/o Mr J Babulal, Residing at No.4/56A Residing at no. 4/56A, Anaicut Road, Mosque Street, Anaicut Road, Mosque street, Odenthangel street, Poondi post, Odenthangel Street, Walaja Taluk, Vellore 635213 Poondi Post, Walaja Taluk, Vellore 632513 Mr. J Mohammed Eclaus Mr B Sharfuddin S/o Mr V S Mohammed Jaffar S/o Mr Babu Shariff Residing at Old No.5, New No.13, Residing at no. 247, Rasoolpet, Ward III, Vetrilaikaran Street, Banavaram Post, Aarakkonam Taluk, Walajapet, Vellore 635213 Vellore 632505 Also at No. 10/145, Rasulpettai Village, Banavaram via, Arakkonam Taluk. Sir/Madam, Re: Notice for sale of secured assets under the Securitization and Reconstruction 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. 2,75,55,443.00/- (Rupees Two Crore Seventy Five Lakh Fifty Five Thousand Four Hundred Forty Three only) plus further interest from 24-01-2018 at monthly rests together with costs, charges, etc.in respect of various credit facilities availed from our Chennai Main Branch. Hence the bank has issued a Demand Notice dated 24-01-2018 to pay the abovementioned 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 17-05-2018. Present outstanding is 3,71,30,243.66.66/- (Rupees Three Crore Seventy One Lakhs Thirty Thousand Two Hundred Forty Three and Paise Sixty Six Only) plus applicable interest from 01-07-2020 at monthly rests together with costs, charges,etc. availed from our Chennai Main 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 inthe following mode in Page 1 of 3 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: 25-08-2020 Time of Sale: 01.00 p.m to 02.00 p.m - With unlimited extensions of 10 minutes duration each Reserve Price: Schedule A: Rs 64,00,000/- (Rupees Sixty Four Lakhs only) Schedule B: Rs 23,00,000/- (Rupees Twenty Three Lakhs only) Schedule C: Rs 149,00,000/- (Rupees One Crore and Forty Nine Lakhs 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. Please look for the sale advertisement that will appear in newspapers in due course. DESCRIPTION OF THE IMMOVABLE PROPERTY Schedule A: Equitable mortgage of freehold residential land and building at Old S F No.87/3A, Door No.1/69, Ammoor Road, Gandhi Nagar, Ammanthangal, Walaja District in the name of B. Ismail and Mr. B Sharfudin guarantors admeasuring 4882.50 Sq.ft Bounded By: North: Padavettan Owned House Soth: Kollapiri owned house East: Uma Ammal Owned Plot West: Ammor Road(Muthukadai to Thiruthani) Schedule B: Equitable mortgage of freehold residential land and building at Door No.385, First Street, Duraisamy Nagar, Ammoor Panchayat, Arakkonam Taluk, Vellore District in the name of Mr. J Jehangeer-guarantor admeasuring 1436 Sq.ft Bounded By: North: Bhaskaran & Annammal Owned Properties South: 20 feet Wide East West First st East: Plot no.6 West: Annammal Owned Properties and Plot No.8 Schedule C: Equitable Mortgage of free hold residential/industrial (mixed) vacant plot in S.No.719/2B, 720/3F1,718/3, 720/3E & 720/2C, Poondi Village, Walaja Taluk, Vellore District, in the name of Mrs. Aameera Sulthana Boundaries for S.No.719/2B not mentioned in the sale deed (1.09 Acres) Boundaries for S.No.720/3F1 (0.49 Acres) & A.No.718/3 (0.07 Acres) North: Land of Kamal Basha South: Land of Thazunnisa East: Land of Babubai West: Road Page 2 of 3 Boundaries for S. No.720/3F1(0.36 Acres) North: Land of Thazunnisa South: Land of Ashrafullah East: Land of Babubai West: Road Yours faithfully, AUTHORISED OFFICER BANK OF INDIA Place: CHENNAI Page 3 of 3 .
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