2 Branch 48/39 Wavoo Mansion Rajaji Salai Chennai 600001 PH NO : 044-2522222, EMAIL : [email protected]
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Chennai Main -2 Branch 48/39 Wavoo Mansion Rajaji Salai Chennai 600001 PH NO : 044-2522222, EMAIL : [email protected]. By Regd Post & Courier To: Borrower: M/s Kamadev Projects Private Limited Plot no. 127, Bharathiyar Street, Manali, Chennai 600 068 Guarantor: 1. Mr. K Devaraj Reddy 127, Bharathiyar Street, Manali, Chennai 600 068 2. Mrs. K. D. Tulasi 27, Bharathiyar Street, Manali, Chennai 600 068 3. Mr K Thirunath Reddy 27, Bharathiyar Street, Manali, Chennai 600 068 Dear Sir/Madam, Sub: Notice of 15 days for sale of immovable secured assets under Rule 8 of the Security Interest (Enforcement) Rules, 2002. 1.Union Bank of India, (erstwhile Andhra Bank), Chennai Main 2 Branch , 48/39 Wavoo Mansion, Rajaji Salai, Chennai 600001,the secured creditor, caused a demand notice dated 01.12.2018 under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the Authorised Officer, has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002. Possession notice dated 19.02.2019 issued by the Authorised Officer, as per Appendix IV to the Security Interest (Enforcement) Rules, 2002 was delivered to you and the same was also affixed to the properties mortgaged with the Secured Creditor, apart from publication of the same in newspapers. Please note that as per the said demand notice you were informed about your right to redeem the property within the time available under Section 13(8) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession of by the Authorised Officer, will be sold by holding public E-auction on 18.11.2020 (Wednesday) from 11.00 am to 1.00 pm by inviting Bids from the public through online mode on www.mstcecommerce.com. 3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will be conducted through E-Auction mode on the date and time mentioned in the enclosed terms of sale. Yours faithfully Place : Chennai Date : 28.10.2020 AUTHORISED OFFICER FOR UNION BANK OF INDIA Encl: Terms of sale TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS: 1. Name and address of the Borrower: Borrower, Co-Applicant and M/s Kamadev Projects Private Limited Guarantor Plot no. 127, Bharathiyar Street, Manali, Chennai 600 068 Guarantor: 1. Mr. K Devaraj Reddy 127, Bharathiyar Street, Manali, Chennai 600 068 2. Mrs. K. D. Tulasi 27, Bharathiyar Street, Manali, Chennai 600 068 3. Mr K Thirunath Reddy 27, Bharathiyar Street, Manali, Chennai 600 068 2. Name and address of the Union Bank of India, (erstwhile Andhra Secured Creditor : Bank), Chennai Main 2 Branch 48/39 Wavoo Mansion, Rajaji Salai, Chennai 600001 3.Description of immovable secured assets to be Sold: Property No.1: All that piece and parcel of land admeasuring 18187 sq. ft, comprised in Survey No. 196/5B with shed bearing door no.1, Bharathiyar Street, EswaranKoil Street, Harikrishnapuram, Manali, Madhavaram Taluk, Thiruvallur district, within sub registration district of Thiruvottiyur, and in registration district of North Chennai, Pin 600 068 belonging to Mrs. K.D Thulasi W/o Mr. K. Devaraj Reddy. (Property description as specified in the Sale Deed 2364/2010 dated 05.04.2010) On the North : SRF Colony. On the South :Bharathiyar Street. On the East : Property owned by Selvakumar. On the West by : Property owned by Shankar Property No.2: All that piece and parcel of land admeasuring 3860 sq ft, comprised in Survey no. 201/2, together with building constructed thereon bearing Door no. 127, Bharathiyar Street, EswaranKoil Street, Manali, Harikrishnapuram, Madhavaram Taluk, Thiruvallur District, within sub registration district of Thiruvottiyur, and in registration district of North Chennai, Pin 600 068, Chennai 600 068, belonging to Mrs. K.D Thulasi. (Property description as specified in the Sale Deed 2677/2004 dated 18.05.2004) On the North :Bharathiyar Street. On the South: Land owned by SivalingaNadar. On the East : Vacant Land. On the West : Vacant land owned by Sivagnanavathi Property No.3: All that piece and parcel of land admeasuring 6510 sq. ft, comprised in Survey No. 196/5 together with building constructed thereon, situated at Bharathiyar street, Harikrishnapuram, Manali, Madhavaram Taluk, Thiruvallur District, within sub registration district of Thiruvottiyur, and in registration district of North Chennai, Pin 600 068, belonging to Mr. K. Devaraj Reddy. (Property description as specified in the Sale Deed 8616/2012 dated 21.11.2012) On the North : SRF compound wall On the South: Bharathiyar Street On the East : Vacant land (Burial land) On the West by : Land owned by Mrs. K. Thulasi Property No.4: All that piece and parcel of land admeasuring 17340 sq. ft, comprised in S.No 230/1A, 230/2A (out of 45344 sq. ft comprised in survey no. 230/1A extent 4360 sq. ft, Survey no. 230/2A extent 22,236 sq. ft, Survey no. 196/5 extent 18748 sq. ft) together with shed constructed thereon, located at Bharathiyar Street, Harikrishnapuram, Manali, Madhavaram Taluk, Thiruvallur District, within sub registration district of Thiruvottiyur, and in registration district of North Chennai, Pin 600 068, belonging to Mr. K. Devaraj Reddy. (Property description as specified in the Sale Deed 8662/2012 dated 21.11.2012 ) On the North : SRF Compound wall and land owned by Mrs. K .Thulasi. On the South: Road. On the East : Land owned by Mr. K. Devaraj. On the West by : Land owned by Mrs. K. Thulasi Property No.5: All that piece and parcel of land admeasuring 1764 sq. ft, bearing patta no. 356, comprised in Survey no. 198/4 together with shed constructed thereon, bearing Door no. 41, Sir C.V Raman Street, Manali, Madhavaram Taluk, Thiruvallur District, within sub registration district of Thiruvottiyur, and in registration district of North Chennai, Pin 600 068, belonging to Mrs. K. D Thulasi and bounded: (Property description as specified in the Sale Deed 5962/2011 dated 03.08.2011) On the North : Sabapathy Mudaliar Street On the South: Land owned by K.R Krishnamoorthy Iyer On the East : Land owned by P. Chinappan On the West by : Land owned by Baby Natarajan 4.The details of encumbrances, if Nil any known to the Secured Creditor 5. Last date for submission of On or before the commencement of e- EMD Auction. 6. Date & Time of auction 18.11.2020 (Wednesday) between 11:00 AM To 1:00 PM (with 10 min unlimited auto extensions) E-auction website-www.mstcecommerce.com 7.The secured debt for the Rs. 9,21,38,694.57 as on 28.10.2020 recovery of which the immovable with further interest, cost & expenses secured asset is to be sold: 8.1Reserve price for the Property 1 : Reserve price Rs. properties below which the 2,97,77,000/-(Rupees Two Crores Ninety immovable property may not be Seven Lakhs Seventy Seven Thousand sold: Only) Property 2 : Reserve price Rs. 83,03,000/- (Rupees Eighty Three Lakhs Three Thousand Only) Property 3 : Reserve price Rs. 1,06,12,000/- (Rupees One Crore Six Lakhs Twelve Thousand Only) Property 4 - Reserve price Rs. 2,80,90,000/- (Rupees Two Crores Eighty Lakhs Ninety Thousand Only) Property 5 -Reserve price Rs. 19,84,000/- (Rupees Ninteen Lakhs Eighty Four Thousand Only) 8.2 EMD Payable Property 1 : Earnest Money Rs. 29,77,700/- (Rupees Twenty Nine Lakhs Seventy Seven Thousand Seven Hundred Only) Property 2 : Earnest Money Rs. 8,30,300/- (Rupees Eight Lakhs Thirty Thousand Three Hundred Only) Property 3 : Earnest Money Rs. 10,61,200/- (Rupees Ten Lakhs Sixty One Thousand Two Hundred Only) Property 4 - Earnest Money Rs. 28,09,000/- (Rupees Twenty Eight Lakhs Nine Thousand Only) Property 5 - Earnest Money Rs. 1,98,400/- (Rupees One lakh Ninety Eight Thousand Four Hundred Only) 9. 1. Registration The Online E-Auction will be held through web portal/website www.mstcecommerce.com on the date and time mentioned above with unlimited extension of 10 minutes. The intending bidders / purchasers required to register through https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp by using their mobile number and valid email-id. They are further required to upload KYC documents and Bank Details. 9. 2. KYC Verification On completion of registration, the intending bidders / purchasers are required to upload KYC documents and Bank account details. KYC documents shall be verified by e-auction service provider which may take 2 to 3 working days. Hence the registration and uploading formalities are to be completed well in advance. 9. 3. EMD Payment On completion of KYC verification, the intending bidders / purchasers are required to pay EMD through NEFT/RTGS/NET BANKING/UPI by generating a Challan through this website in his/their Global EMD Wallet. Payment should be made within 3 days after generating the Challan for NEFT / RTGS otherwise the Challan shall become invalid. The payment shall be ensured well in advance before the stipulated time. If the required EMD amount is not held in their Global Wallet, they will not be allowed to participate. Payment of EMD in any other mode will not be accepted. The Earnest Money Deposit shall not bear any interest and in case of unsuccessful bid, the same will be returned to the unsuccessful bidder by the service provider without interest.