Enforcement) Rules, 2002
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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.BOI: USRD/ADV/2020-21/BJ/02 DATE: 03-02-2021 1. Mr. J Dinakaran S/O Mr. VS Jayaraman Old No. 7, New No. 21 Thirunavukkarasar Street Perambur Chennai-600011 2. Mrs. D Subathra W/O Mr. J Dinakaran Old No. 7, New No. 21 Thirunavukkarasar Street Perambur Chennai-600011 Dear Sir, Re: Notice for sale of secured assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and 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 to Rs 2,93,33,267.00/- (Rupees Two Crore Ninety Three Lakhs Thirty Three Thousand Two Hundred Sixty Seven Only) plus interest at monthly rests together with costs, charges, etc. in respect of credit facilities availed from our Usman Road branch. Hence the bank has issued a Demand Notice dated 05-11-2019 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 asset, more particularly described in the schedule, hereunder on 20-01-2020. Present amount payable is 2,92,74,188.91 /- (Rupees Two Crore Ninety Two Lakhs Seventy Four Thousand One Hundred Eighty Eight Paise Ninety One Only) plus applicable interest at monthly rests together with costs, charges, etc. availed from our Usman Road 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 in the following mode in my discretion either in one or more lots and 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: 25.02.2021 Time of Sale: 01.00 p.m to 02.00 p.m - With unlimited extensions of 10 minutes duration each Reserve Price: Rs.21.65 Crores (Rupees Twenty One Crores and Sixty Five Lakhs only) Property No. 1 : Rs 10.05 Crores Property No. 2 : Rs 4.00 Crores Property No. 3 : Rs 7.60 Crores Page 1 of 6 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 of Property Mortgaged Property No. 1 : Cinema Theatre – Screen 4 situated at Second Floor & Third Floor , SPECTRUM Mall Door No 114A & 114 B Paper Mills Road, Perambur Chennai – 600 011 as detailed below under schedule-E which is part of the large extent of land as detailed below under schedule A,B,C & D : Schedule A All that Land and building comprising a Theatre and shop Premises known as Venus Theatre at Door No 114A and 114B Paper Mills Road (On the Market Street at Door No 97 and 98) Perambur Chennai – 600 011 comprised in S No 107/1C of Sembium Village and S No 25/2, 26/1B, 26/2 and 27/2 of Siruvallur Village as per new patta T S NO 43, 81/2 part and 83/1 part and block No 1 of Siruvallur Village measuring 53100 Sq ft. Schedule B Item 1 All that Property bearing Door No 66/67, Paper Mills Road, Perambur, Chennai-600 011 comprised in TS No 41 Part and Block No 1 of Siruvallur and Sembium Village measuring 1753.75 Sq feet. Item 2 All that property at paper Mills Road, Chennai – 600 011 comprised in T S No 41 Part and Block No 1 of Siruvallur Village measuring 1566.88 Sq ft Item 3 All that Property bearing New Door No 66 and 67, Old Door No 117, Paper Mills Road, Perumbur, Chennai – 600 011 comprised in T S No 41 Part and Block No 1 of Siruvallur Village measuring 1566.88 Sq ft. Item 4 d) All that Property bearing New Door NO 66-67, Old Door No 117, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 1626.82 sq ft. Item5 All that Property bearing New Door NO 66-67, Old Door No 117, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 1816.14 sq ft. Item 6 All that Property bearing New Door NO 66-67, Old Door No 117, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 1816.14 sq ft. Page 2 of 6 Item 7 All that Property bearing New Door NO 70, Old Door No 63, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 2598 sq ft. Totally measuring 12744.61 Sq ft or 1184.11 sq mts Schedule C Property All that Vacant house site bearing Door No 107-/108, Market Street, Perambur Chennai – 11 comprised in S No 27/1A of Siruvallu village measuring 1612 sq ft. Schedule D Property An undivided 11135 Sq ft of land along with Proportionate Construction having the extent of 21711 sq ft of leasable Area in the property named as “SPECTRUM Mall “ which is situated in the Schedule A Schedule B and Schedule C Land herein Schedule E Property (property hereby Conveyed) An Undivided 6581 Sq ft or 611.61 Sq mts of Land along with a fully constructed Leasable Area admeasuring about 12830 Sq ft or 1192.37 sq mts in the Property named as “SPECTRUM MALL” which is situated in the Schedule A Schedule B and Schedule C Land herein Mortgaged Property No. 2: Play Palace (Shop No 1(MEZZANINE Level ) in second Floor & Shop No 1 in Third Floor, Spectrum Mall Door No 114 A & 114 B, Paper Mills Road, Perumbur, Chennai 600 011 as detailed below under schedule-C which is part of the large extent of land as detailed below under schedule A & B : Schedule A Item 1 All that property bearing Door No 114A and 114B Paper Mills Road (On the Market Street at Door No 97 and 98) Perambur Chennai – 600 011 comprised in S No 107/1C of Sembium Village and S No 25/2, 26/1B, 26/2 and 27/2 of Siruvallur Village as per new patta T S NO 43, 81/2 part and 83/1 part and block No 1 of Siruvallur Village measuring 53100 Sq ft. or 4933.56 sq mts. Item 2 a) All that Property bearing Door No 66/67, Paper Mills Road, Perambur, Chennai-600 011 comprised in TS No 41 Part and Block No 1 of Siruvallur and Sembium Village measuring 1753.75 Sq feet. b) All that property at paper Mills Road, Chennai – 600 011 comprised in T S No 41 Part and Block No 1 of Siruvallur Village measuring 1566.88 Sq ft c) All that Property bearing New Door No 66 and 67, Old Door No 117, Paper Mills Road, Perumbur, Chennai – 600 011 comprised in T S No 41 Part and Block No 1 of Siruvallur Village measuring 1566.88 Sq ft. d) All that Property bearing New Door NO 66-67, Old Door No 117, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 1626.82 sq ft. e) All that Property bearing New Door NO 66-67, Old Door No 117, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 1816.14 sq ft. f) All that Property bearing New Door NO 66-67, Old Door No 117, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 1816.14 sq ft. g) All that Property bearing New Door NO 70, Old Door No 63, Paper Mills Road, Perumbur Chennai – 600 011, comprised in TS No 41 Part and Block No 1 of Siruvallur Village measuring 2598 sq ft. Page 3 of 6 Totally measuring 12744.61 Sq ft or 1184.11 sq mts Item 3 All that property bearing New Door No 18, Old Door NO 1 as per document then Door No 107/108 Vanchinathan III street, earlier known as Market Street Perumbur, Chennai – 600 011, comprised in S No 27/1A, TS No 87/1 and Block No 1 of Siruvallur Village admeasuring an total extent of 1612.5 sq ft or 149.81 sq mts and bounded on the North by : Venus Theatre premises ( T S No 81/2) South by : Property belongs to Mr Dhanapal Chetti ( TS No 88) East by : Property belong to Mr Deivasikamani ( T S No 87/2) West by : Vanchinathan III Street Schedule B Item 1A: All that 21825 sq ft or 2027.8 sq mts of undivided share of land in the item 1 of the Schedule A mentioned property Item 1B: All that 14535 sq ft of 1350.45 sq mts of undivided share of land in the Item 1 of the Schedule A mentioned property Item 2 All that 500 sq ft or 46.45 sq mts of undivided share of land in the item 2 of the Schedule A mentioned property Item 3 All that 11125 sq ft or 103.39 sq mts of undivided share of land in the Item 3 of the Schedule A mentioned property; Item 1A & 1B, 2 and 3 totally measuring 37972.5 sq ft of undivided share of land together with the portion of Mall and multiplex building in the Schedule A mentioned property measuring 84319( 81748+2571) of saleable area.