(A GOVERNMENT OF UNDERTAKING)

ARM BRANCH COVERING LETTER TO SALE NOTICE

Ref: ARM MDU SN 332 2020-2021 CRR Date: 16/11/2020

To

Sri. P. L. Narayanan, Prop. M/s Navanna Textiles, S/o Sri. N. Palaniappan, No.11, Arapalayam Main Road, Vaigai Nagar, Madurai – 625 016

Sri. P L Narayanan, Prop. M/s Navanna Textiles, S/o Sri. N. Palaniappan, No. 445, Kothankulam Village, Road, Rajapalayam – 626 117

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, ARM Branch, Madurai have taken possession of the assets described in 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 Canara Bank, ARM Branch, Madurai.

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 Notice containing 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.

Yours faithfully,

Authorised Officer Canara Bank

ENCLOSURE – SALE NOTICE

(A GOVERNMENT OF INDIA UNDERTAKING)

ARM BRANCH MADURAI

SALE NOTICE

E-Auction Sale Notice for Sale of Immovable Properties under the Securitisation 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 possession of which has been taken by the Authorised Officer of ARM Branch, Madurai of the Canara Bank, will be sold on “As is where is”, “As is what is” and “ Whatever there is” on 04/12/2020 for recovery of Rs.12,32,94,980.65 (Rupees Twelve Crores Thirty Two Lakhs Ninety Four Thousand And Nine Hundred And Eighty Paise Sixty Five only ) with further interest from 01/11/2020 + costs due to the ARM Branch, Madurai of Canara Bank from M/s. Navanna Textiles, represented by its Proprietor, Sri. P. L. Narayanan.

The reserve price for Property No.1 will be Rs. 34,00,000/- (Rupees Thirty Four Lakhs Only)

The earnest money deposit for Property No.1 will be Rs.3,40,000/-(Rupees Three Lakhs Forty Thousand only)

The reserve price for Property No.2 will be Rs. 34,80,000/-(Rupees Thirty Four Lakhs Eighty Thousand Only)

The earnest money deposit for Property No.2 will be Rs. 3,48,000/- (Rupees Three Lakhs Forty Eight Thousand only)

The reserve price for Property No.3 will be Rs. 19,40,000/-(Rupees Nineteen Lakhs Forty Thousand Only)

The earnest money deposit for Property No.3 will be Rs. 1,94,000/- (Rupees One Lakh Ninety Four Thousand Only)

The reserve price for Property No.4 will be Rs. 22,47,000/-(Rupees Twenty Two Lakhs Forty Seven Thousand Only)

The earnest money deposit for Property No.4 will be Rs. 2,24,700/-(Rupees Two Lakhs Twenty Four Thousand Seven Hundred only)

The reserve price for Property No.5 will be Rs. 28,40,000/-(Rupees Twenty Eight Lakhs Forty Thousand Only)

The earnest money deposit for Property No.5 will be Rs. 2,84,000/- (Rupees Two Lakhs Eighty Four Thousand Only)

The reserve price for Property No.6 will be Rs. 28,00,000/-(Rupees Twenty Eight Lakhs Only)

The earnest money deposit for Property No.6 will be Rs. 2,80,000/- (Rupees Two Lakhs Eighty Thousand only)

The reserve price for Property No.7 will be Rs. 3,49,00,000/-(Rupees Three Crores Forty Nine Lakhs Only)

The earnest money deposit for Property No.7 will be Rs. 34,90,000 /- (Rupees Thirty Four Lakhs Ninety Thousand only)

The Earnest Money Deposit shall be deposited on or before 03/12/2020 at 4.00 p.m.

Details and full description of the immovable property(ies):

Property No. 1 : Property Belongs to Mr. Narayanan P L :

All that part and parcel of the land and building situated at Madurai North Registration District, Madurai North Joint Sub District, Madurai North Taluk, Paravai 1st bit village & Town Panchayat, Ward No.7, R.S. No. 154/6 subdivided as R.S.No.154/6F, Plot No.2, Door No.7-1-216/2 measuring 1000 Sq.ft bounded by :

On the North : 20 ft wide common road. On the South : Plot No.5, 5A, 5B & 5C On the East : Plot No. 3 On the West : Plot No.1

Measuring

East-West on both sides 25 ft.; North-South on both sides 40 ft.; Totaling 1000 Sqft

Buildup area consisting of Ground Floor – 805 sq.ft.; First Floor - 429 sq.ft.

Property No.2: Property Belongs to Mr. Narayanan P L :

All that part and parcel of the land and building situated at Madurai North Registration District, Madurai North Joint Sub District, Madurai North Taluk, Paravai 1st bit village& Town Panchayat, Ward No.7, R.S.No.154/6 subdivided as R.S.No.154/6F, Plot No.3, Door No.7-1-216/3 measuring 1000 Sq.ft bounded by :

On the North : 20 ft wide road. On the South : Plot No.5, 5A, 5B & 5C On the East : Plot No. 4 On the West : Plot No.2

Measuring

East-West on both sides 25 ft.; North-South on both sides 40 ft.; Totaling 1000 Sqft

Buildup area consisting of Ground Floor – 820 sq.ft.; First Floor – 490 sq.ft.

Property No. 3: Property Belongs to Mr. Narayanan P L:

All that piece and parcel of land ad-measuring 493.75 Sq.ft. UDS, in UDR S.No.169/1B1part out of a total extent of 3533.75 Sq.ft. of land in Paravai 1st bit village, Madurai North Taluk in Madurai District, Madurai North Registration District, Madurai North Joint Sub District comprised in Plot No.1, Flat No.A-S01, A-Block, II Floor, Padmasai Enclave Apartment bounded by :

On the North : Plot No.2 House Site On the South : 20 ft Access Way On the East : Plots owned by new vegetable market On the West : North to south common pathway and R.S.No.169/1B1 housing site.

Plinth Area of Flat – 832 sq.ft.

Property No.4 : Property Belongs to Mr. Narayanan P L :

All that piece and parcel of land ad-measuring 528.75 Sq.ft. (UDS), in UDR S.No.169/1B1 part out of a total extent of 2463.75 Sq.ft. of land in Paravai 1st bit village, Madurai North Taluk in Madurai District, Madurai North Registration District, Madurai North Joint Sub District comprised in Plot No.3, Flat No. C-S02, C-Block, II Floor, Padmasai Enclave Apartment bounded by :

On the North : Plot No.4 House Site On the South : Plot No.2 House On the East : New vegetable market On the West : North to south common pathway and R.S.No.169/1B1 housing site.

Plinth Area of Flat – 695 sq.ft.

Property No.5: Property Belongs to Mr. Narayanan P L :

All that piece and parcel of the land ad-measuring 560 sq.ft. (UDS), in R.S.No.179/1 sub divided as R.S.No.179/1B, part out of a total extent of 2240 sq.ft. of land inUthankudi Village, Madurai North Taluk, in Madurai District, Othakadai Sub Registration District, at present Madurai Corporation comprised in Plot No.5, Flat No.G-01, B-Block, Ground Floor, Srisha Enclave Apartment bounded by :

On the North : Plot No.4 House Site On the South : R.S.No.179/2 lands. On the East : 20 feet wide south to north public road. On the West : R.S.No.183 land

Plinth Area of Flat - 950 Sq.ft.

Property No. 6 : Property Belongs to Mr. Narayanan P L :

All that piece and parcel of the land ad-measuring 560 sq.ft. (UDS), in R.S.No.179/1 sub divided as R.S.No.179/1B, part out of a total extent of 2240 sq.ft. of land in Uthankudi Village, Madurai North Taluk, in Madurai District, Othakadai Sub Registration District, at present Madurai Corporation comprised in Plot No.5, Flat No.F-01, B-Block, First Floor, Srisha Enclave Apartment bounded by :

On the North : Plot No.4 House Site On the South : R.S.No.179/2 lands. On the East : 20 feet wide South to North public road. On the West : R.S.No.183 land

Plinth Area of Flat - 950 Sq.ft.

Property No.7: Property Belongs to Mr. Narayanan P L :

1) All that part and parcel of the land and building in District, Rajapalayam Sub Registration District, Kothangulam Village, Patta No. 1955, Survey No. 444/3A measuring 0.35.0 hectare, S.No.444/3B measuring 0.38.5 hectare or 95 cents in which western side portion sub divided as S.No.444/3B1measuring 0.34.35 hectare and Patta No.1955, S.No.444/1F measuring 0.04.0 hectare, totaling 0.73.35 hectare or 1 acre 81.24 cents of land bounded by :

On the North : 2nd item Property On the South : Lands comprised in S.Nos.444/2 & 472 On the East : 3rd item Property On the West : Lands comprised in S.Nos.444/1D & 444/1E

2) All that part and parcel of the land and building in , Rajapalayam Sub Registry, Kothangulam Village, Patta No. 561, Survey No. 445 measuring 1.34.0 hectare or 3 acre 31 cents of land in which western side sub-divided as S.No.445/1, measuring 3 acre 22.31 cents of land bounded by :

On the North : East West Road. On the South : 1st item Property and lands comprised in S.Nos.444/1, 444/1B, 444/1C, 444/1D. On the East : 3rd item Property On the West : Lands comprised in S.No.446

3) All that part and parcel of the land and building in Virudhunagar District, Rajapalayam Taluk, Kothangulam Village, Patta No. 561, Survey No. 445, 3 acres 31 cents in which eastern side sub divided as S.No.445/2 measuring 0.03.56 hectare and Patta No.603, Survey No. 444/3B, cent 95 in which eastern side sub divided as S. No. 444/3B2 measuring 0.04.15 hectare, totaling 0.07.71 South North pathway bounded by :

On the North : East West Road. On the South : Lands comprised in S.No.472/2 On the East : Land comprised in S.No.443 belongs to KannasamyNaidu Group On the West : Land situated in Western Side of S.No. 444/3B & 445

Measuring East-West on the both sides 16 ft North-South on the both sides 507 ft,

Totaling 8112 Sq.ft.

Undivided half share rights in South North pathway

4) All that part and parcel of the land in Virudhunagar District, Rajapalayam Taluk, Kothangulam Village, Patta No. 1304, Survey No. 444/1E measuring 0.02.5 hectare with irrigating well, 5 H.P. Motor pump-set, pump set room, channel right and its undivided 2/4 share rights.

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, Canara Bank, ARM Branch, Madurai (Ph. No.0452-2335348, Cell No.9489046509) during office hours on any working day.

Date: 16/11/2020 Authorised Officer Place: Madurai Canara Bank

DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED 16/11/2020

1 Name and Address of the Canara Bank, ARM Branch, St. Mary’s Campus, Circle Office- Ist Secured Creditor Floor, East Veli Street, Madurai - 625 001

2 Name and Address of the Sri. P L Narayanan, Prop. M/s Navanna Textiles, Borrower (s)/ Guarantor(s) S/o Sri. N. Palaniappan, No.11, Arapalayam Main Road, Vaigai Nagar, Madurai – 625 016

Sri. P L Narayanan, Prop. M/s Navanna Textiles, S/o Sri.N. Palaniappan, No.445, Kothankulam Village, Srivilliputhur Road, Rajapalayam – 626 117

3 Total liabilities as on Rs.12,32,94,980.65 (Rupees Twelve Crores Thirty Two Lakhs 31/10/2020 Ninety Four Thousand And Nine Hundred And Eighty Paise Sixty Five only ) with further interest from 01/11/2020 + costs 4 a) Mode of Auction : E-Auction b) Details of Auction service Mr. Praveen Kumar Thevar provider : Mobile : 09722778828, 09655591945 Email : [email protected] [email protected]

c) Date & Time of Auction : 04/12/2020 & 11.30 am to 12.30 pm d) Portal of E-Auction : https://canarabank.auctiontiger.net

5a) Reserve Price The reserve price for Property No.1 will be Rs. 34,00,000/- (Rupees Thirty Four Lakhs Only)

The reserve price for Property No.2 will be Rs. 34,80,000/-(Rupees Thirty Four Lakhs Eighty Thousand Only)

The reserve price for Property No.3 will be Rs. 19,40,000/-(Rupees

Nineteen Lakhs Forty Thousand Only) The reserve price for Property No.4 will be Rs. 22,47,000/-(Rupees Twenty Two Lakhs Forty Seven Thousand Only)

The reserve price for Property No.5 will be Rs. 28,40,000/-(Rupees Twenty Eight Lakhs Forty Thousand Only)

The reserve price for Property No.6 will be Rs. 28,00,000/-(Rupees Twenty Eight Lakhs Only)

The reserve price for Property No.7 will be Rs. 3,49,00,000/- (Rupees Three Crores Forty Nine Lakhs Only)

b) EMD & last date of deposit The earnest money deposit for Property No.1will be Rs. 3,40,000/- of EMD : (Rupees Three Lakhs Forty Thousand only)

The earnest money deposit for Property No.2 will be Rs. 3,48,000/- (Rupees Three Lakhs Forty Eight Thousand only)

The earnest money deposit for Property No.3 will be Rs. 1,94,000/- (Rupees One Lakh Ninety Four Thousand only)

The earnest money deposit for Property No.4 will be Rs. 2,24,700/-(Rupees Two Lakhs Twenty Four Thousand Seven Hundred only)

The earnest money deposit for Property No.5 will be Rs. 2,84,000/- (Rupees Two Lakhs Eighty Four Thousand only)

The earnest money deposit for Property No.6 will be Rs. 2,80,000/- (Rupees Two Lakhs Eighty Thousand only)

The earnest money deposit for Property No.7 will be Rs. 34,90,000 /- (Rupees Thirty Four Lakhs Ninety Thousand only)

The Earnest Money Deposit shall be deposited on or before 03/12/2020 at 4.00 p.m.

6 Other terms and conditions : a) Auction/bidding shall be only through “Online Electronic Bidding’’ through the website https://canarabank.auctiontiger.net 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 of Authorised Officer, ARM Branch, Madurai. 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, ARM Branch, Madurai OR shall be deposited through RTGS/NEFT/Fund Transfer to credit of account of Canara Bank, ARM Branch, Madurai, Current A/c No. 6291295000002 IFSC Code: CNRB0006291 on or before 03/12/2020 at 4.00 p.m. e) Intending bidders shall hold a valid digital signature certificate and e-mail address. For details with regard to digital signature please contact the service provider Mr. Praveen Kumar Thevar Mobile : 09722778828, 09655591945 Email : [email protected] [email protected] f) After payment of the EMD amount, the intending bidders should submit a copy of the following documents/details on or before 03/12/2020 at 4.00 p.m. to Canara Bank, ARM Branch, Madurai by hand or by email.

i) Demand Draft/Pay order towards EMD amount. If paid through RTGS/NEFT, acknowledgement receipt thereof with UTR No.

ii) 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.

iii) Bidders Name, Contact No., Address, E Mail Id.

iv) Bidder’s A/c details for online refund of EMD. g) The intending bidders should register their names at portal https://canarabank.auctiontiger.net and get their User ID and password free of cost. Prospective bidder may avail online training on E- auction from the service provider Mr. Praveen Kumar Thevar Mobile : 09722778828, 09655591945 Email : [email protected] [email protected] h) EMD deposited by the unsuccessful bidder shall be refunded to them. The EMD shall not carry any interest. i) Auction would commence at Reserve Price, as mentioned above.

For Properties No.1 to 6 bidders shall improve their offers in multiplies of Rs.10,000/- (Rupees Ten thousand only).

For Property No. 7 bidders shall improve their offers in multiplies of Rs.1,00,000/- (Rupees One Lakh only).

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. j) 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. k) For sale proceeds of Rs. 50.00 lakhs (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. l) All charges for conveyance, stamp duty/GST, registration charges, etc., as applicable shall be borne by the successful bidder only. m) Authorised Officer reserves the right to postpone/cancel or vary the terms and conditions of the e- auction without assigning any reason thereof. n) In case there are bidders who do not have access to the internet but interested in participating the e- auction, they can approach concerned Canara Bank, ARM Branch, Madurai who as a facilitating centre, shall make necessary arrangements. o) For further details contact Authorised Officer, Canara Bank, ARM Branch, Madurai (Ph. No. 0452-2335348, Cell No.94890 46509) E-mail id: [email protected] OR the service provider

Mr. Praveen Kumar Thevar Mobile : 09722778828, 09655591945 Email : [email protected] [email protected]

SPECIAL INSTRUCTION/CAUTION

Bidding in the last minutes/seconds should be avoided by the bidders in their own interest. Neither Canara Bank nor the Service Provider will be responsible for any lapses/failure (Internet failure, Power failure, etc.) on the part of the bidder or vendor in such cases. In order to ward off such contingent situation, bidders are requested to make all the necessary arrangements/alternatives such as back –up, power supply and whatever else required so that they are able to circumvent such situation and are able to participate in the auction successfully.

Place : Madurai Authorised Officer Date : 16/11/2020 Canara Bank