Indian Overseas Bank Phone: 044-2854 9143 Asset Recovery Management Branch, 2852 0262 763, , Central Office, - PIN: 600 002 e-mail: [email protected]

Date: 10.02.2020

1 M/s Paterson Cancer Center Pvt. 6 Mr. Manunath k.Adiga, Ltd. - Borrower No. 175, N.S.K.Salai, No. 175, N.S.K.Salai, , Vadapalani, Chennai – 600 026 Chennai – 600 026 2 Dr.S.Vijayaraghavan. 7 Dr. M.R.Shivakumar, Managing Director, No. 175, N.S.K.Salai, (Mortgagor and Guarantor) Vadapalani, No. 175, N.S.K.Salai, Chennai – 600 026 Vadapalani, Chennai – 600 026 3 Mr. Kailashmull Dugar, 8 Mr. C.P.Dwarakanath, No. 175, N.S.K.Salai, No. 175, N.S.K.Salai, Vadapalani, Vadapalani, Chennai – 600 026 Chennai – 600 026 4 Mr.K.Gurumurthy, 9 Mr.Ranjan Kumar Mohapatra, No. 175, N.S.K.Salai, No. 175, N.S.K.Salai, Vadapalani, Vadapalani, Chennai – 600 026 Chennai – 600 026 5 Mr. Subramaniyan Vembu Aiyer, 10 Mr. Babu Rajendran, No. 175, N.S.K.Salai, No. 175, N.S.K.Salai, Vadapalani, Vadapalani, Chennai – 600 026 Chennai – 600 026 Sir,

SALE NOTICE OF IMMOVABLE SECURED ASSETS Issued under Rule 8(6) and 9(1) of the Security Interest (Enforcement) Rules 2002

Please find enclosed a copy of e-auction sale notice dated 10.02.2020 fixing auction sale on 28.02.2020 with Reserve Price as mentioned therein.

Yours faithfully,

Authorised Officer

Indian Overseas Bank Phone: 044-2854 9143 Asset Recovery Management Branch, 2852 0262 763, Anna Salai, Central Office, Chennai- PIN: 600 002 e-mail: [email protected] Date: 10.02.2020

SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES [Under Proviso to Rule 8(6) of Security Interest (Enforcement) Rules]

E-Auction Sale Notice for Sale of immovable Assets under the Securitization 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) M/s Paterson Cancer Center Pvt. Limited and Guarantor (s) Dr. S.Vijayaraghavan 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 Indian Overseas Bank Secured Creditor, will be sold on “As is where is “, “ As is what is”, and “ Whatever there is” on 28.02.2020,(between 11.00 A.M and 1.pm. with auto extension of 5 minutes through E-Auction using https://auctions.magicbricks.com for recovery of Rs. 23,57,45,124/-( Rupees Twenty three crores fifty seven lakhs forty five thousand one hundred and twenty four only) as on 31.01.2020 due to the Indian Overseas Bank, Secured Creditor from M/s Paterson Cancer Center Pvt. Limited, No 175, N.S.K.Salai, Vadapalani, Chennai 600 026.

SCHEDULE OF PROPERTY (IES) Property Details Reserve EMD Price Item No.1 All that piece and parcel land and small building being Plot Nos.133,136,137,138,139 and KA-2 (Shop No.2) bearing Old Rs. 1400.00 Rs.140.00 Door No.150, New Door No.4, High Road, lakhs lakhs , Chennai-600095 as approved in DTP No. 83/1973 and comprised in Old S.Nos.127/7C2 & 128/1, and present S.No.128/2B, of the layout known as VARALAKSHMI NAGAR, in No.73, Maduravoyal, previously Taluk, at present Taluk, as per document measuring about 8 grounds 1030 sq.feet (20230 sq.feet), as per patta No. 5630 and 5602 measuring about 8.53 grounds (20477 sq.feet) but in actual possession by the Vendors at site measuring about 8.84 grounds (equal to 21216 sq.feet) which is owned by M/s Paterson Cancer Centre Pvt Ltd.

Bounded North By: Poonamallee High Road and S No.128/2 South by: 30 Feet Road and compound wall East By: Existing Road and compound wall West By: Plot No.132 & 135 and compound wall Item No.2 :

All that piece and parcel of land and building at Plot No.42, Rs. 121.20 Rs 12.15 lakhs Ramesh Nagar, , Chennai-600087 which is lakhs owned by Dr. S Vijayaraghavan. The property under valuation is a rectangular shaped piece of East facing plot measuring an extent of 2080 Sq Ft comprised of S No.113/9 part and 113/8 part of Valasaravakkam, Ambattur Taluk, Thiruvallur District within the Registration District of Chennai South and Registration Sub District of Bounded North By: Lands belongs to PG Krishnan South by: State Bank Colony in S No.113/2B East By: 50 Feet Road West By: Land belongs to P M Kumaresan

Date and time of e-auction 28.02.2020 between 11A.M to 1.00 pm with auto extension of 5 minutes each till sale is completed. EMD Remittance Deposit through EFT/NEFT/ RTGS Transfer in favour of “ IOB EMD Account” to the credit of A/C no. 010902000970853, Branch Code : 0109 IFSC Code : IOBA0000109.

Bid Multiplier Rs. 1,00,000/- (the amount in multiples of which the bid is to be increased)for each item. Inspection of property From 20.02.2020 (10.00 A.M to 4.00 P.M) Last date for submission of online 27.02.2020 upto 04.00 p.m. application for BID with EMD Known Encumbrance if any NIL *Bank' dues have priority over the Statutory dues. For detailed terms and conditions of the sale, please refer to the service providers link 1) https://auctions.magicbricks.com or bank’s website https://www.iob.in/e-Auctions.aspx

Date: 10.02.2020 Authorised Officer

This may also be treated as a Notice under Rule 8(6)/Rule 9(1) of Security Interest (Enforcement) Rules, 2002 to the borrower/s and guarantor/s of the said loan about holding of e-auction on the above mentioned date.

Terms and Conditions

 The property(ies) will be sold by e-auction through the Bank’s approved service provider M/s Magicbricks Realty Services Ltd under the supervision of the of the Authorized Officer of the Bank. G  E-auction bid document containing online e-auction bid form, declaration, general terms and conditions of online auction sale are available in https://auctions.magicbricks.com website.

 Intending bidders shall hold a valid digital signature certificate and email address and should register their name / account by login to the website of the aforesaid service provider. They will be provided with user id and password by the aforesaid service provider which should be used in the e-auction proceedings. For details with regard to digital signature, please contact the service provider at the below mentioned address/phone no/email.

 Bids in the prescribed formats shall be submitted “online” through the portal https://auctions.magicbricks.com along with the EMD & scanned copy of KYC documents including photo, PAN Card & address proof to the service provider and the Authorised Officer well in advance before submission of bid.

 The EMD and other deposits shall be remitted through EFT / NEFT / RTGS to the Bank account as specified above and the amount of EMD paid by the interested bidder shall carry no interest. The amount of EMD paid by the successful bidder shall be adjusted towards the sale price.

 Bids without EMD shall be rejected summarily.

 Online auction sale will start automatically on and at the time as mentioned above. Auction / bidding will initially be for a period of 120 Minutes with auto extension time of five minutes each till the sale is concluded.

 The property shall be sold to the successful bidder. The successful bidder (purchaser) as declared by the Authorised Officer shall deposit 25% of the sale price (inclusive of the EMD) immediately on the same day and not later than the next working day. The balance amount of sale price shall be paid within 15 days from the date of confirmation of auction sale. Failure to remit the entire amount of sale price within the stipulated period will result in forfeiture of deposit of 25% of the bid price to the secured creditor and forfeiture of all claims over the property by the purchaser and the property will be resold.

 The sale certificate will be issued in the name of the purchaser only, after payment of the entire sale price amount and other taxes/charges, if any.

 The purchaser shall bear the charges/ fee payable for conveyance such as registration fee, stamp duty, etc., as applicable as per law.

 The Authorized Officer has the absolute right to accept or reject any bid or postpone or cancel the sale, as the case may be without assigning any reason whatsoever.

 The property is being sold on “as is where is” and “as is what is” basis. The Bank has disclosed only the known encumbrances, statutory liabilities, if any, as above and it is for the purchaser to make to make their own independent enquiries at their own costs before participating in the auction.

 As regards the statutory dues stated above, Bank dues will have priority over statutory dues. Without prejudice to the above, statutory liability, if any, shall be borne by the purchaser and the Bank assumes no responsibility in this regard.

 Sale is subject to confirmation by the secured creditor Bank.

 EMD of unsuccessful bidders will be returned through EFT / NEFT / RTGS to the bank account details provided by them in the bid form and intimated via their e- mail id.

 The e-Auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation by the bank. The Authorised Officer/Secured Creditor shall not be responsible in any way for any third party claims / rights / dues.

 *In compliance with Section 194 IA of the Income Tax Act, 1961 income tax @ 1% on the Reserve Price shall be deducted and p[aid under the PAN of the Purchaser. Since the Tax has been calculated only on the Reserve Price, the bidder shall bear the 1% income tax on the bid multiplier amount and the bank shall not take any responsibility for the same.

*In case of any sale/transfer of immovable property of Rupees Fifty lakhs and above, the transferee has to pay an amount equal to 1% of the consideration as Income Tax.

For further details regarding inspection of property / e-auction, the intending bidders may contact Shri C.K.Pradeep Kumar, Authorised Officer 044 2854 9143. For assistance regarding the E-auction procedure and uploading of bid form & other required documents, M/s Magicbricks Realty Services Ltd., Auction Help Line No. 9212346000 Mobile Nos 9212346000 Mr. Mohit Sharma Ph. 9837778407 Auction Help Line e-mail ID: [email protected] and [email protected]

PLACE: Chennai Authorized Officer DATE: 10/02/2020 Indian Overseas Bank