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ARM/E-AUCTION/HERTZ - 84 Date: 05/08/2019

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ARM/E-AUCTION/HERTZ - 84 Date: 05/08/2019 (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH Ref: ARM/E-AUCTION/HERTZ - 84 Date: 05/08/2019 To a. M/s.Hertz Digital, No.350, 351, 352 Gemini Plaza Center, G N Chetty Road, Nungambakkam, Chennai – 600034 Also at, M/s.Hertz Digital, No.15, Sabari Bagavathi Apartments, Eswaran Koil Street, SIP Colony, Nanganallur, Chennai – 600061 b. Mr.V.Newton, S/o.Y.Verghese No.15, Sabari Bagavathi Apartments, Eswaran Koil Street, SIP Colony, Nanganallur, Chennai – 600061 c. Mrs.D.Alice, D/o.Devan, No.4, Thiruvalluvar Street, Palavanthangal, Chennai – 600114 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, the Authorized Officer, Canara Bank, Kasturba Nagar Branch had 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 them. The account has since been transferred to our Asset Recovery Management Branch, Chennai and the undersigned proposes to sell the assets (through e-auction) more fully described in the Schedule of Sale Notice. Hence, in terms of the provisions of the subject Act and Rules made thereunder, I am herewith sending the Sale Notice (e-auction notice) containing terms and conditions of the sale. ASSET RECOVERY MANAGEMENT BRANCH, 2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:[email protected] Website: www.canarabank.com 1 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 ASSET RECOVERY MANAGEMENT BRANCH, 2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:[email protected] Website: www.canarabank.com 2 (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH 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 Borrowers and Guarantors 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 Kasturba Nagar Branch of the Canara Bank, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 11/09/2019 (Time 11.30 AM to 12.30 PM), for recovery of Rs.1,46,13,549.00/- due as on 30/06/2019 to the Asset Recovery Management Branch of Canara Bank from M/s.Hertz Digital, Mr.V.Newton, and Mrs.D.Alice. The reserve price will be: Property No.1: Rs.56,50,000/- (Rupees Fifty Six Lakhs and Fifty Thousand Only) Property No.2: Rs.25,00,000/- (Rupees Twenty Five Lakhs Only) The earnest money deposit will be: Property No.1: Rs.5,65,000 (Rupees Five Lakhs Sixty Five Thousand Only) Property No.2: Rs.2,50,000 (Rupees Two Lakhs Fifty Thousand Only) The Earnest Money Deposit shall be deposited on or before 09/09/2019 at 5.00 P.M. Details of Property: Property No.1: (Property in the name of Mrs.D.Alice, vide Doc No : 963/2016) All that piece and parcel of Land and Building bearing Flat No.BG-1, having built up area of 1156 sq.ft of in the Ground floor of the Building, in Block-B, known as “Bharathi Flats” together with 698sq.ft undivided share in the 7200 sq.ft situated at Plot No.1, Poonthottam First Street, Nanganallur, Chennai,comprised in Old S.No.55/1 Part, Sub Divided as S.No.55/1B1A1A Part, T.S.No.11/1, Block No.6, Ward –B, No.134, Nanganallur Village, Alandur Taluk, Kancheepuram District bounded on the North by : Land owned by Mr.Patel South by : 30 Feet Poonthottam Street, East by : Plot No.2 West by : Govindasamy Street Lying within the Registration District of South Chennai and Sub-Registration district of Alandur. ASSET RECOVERY MANAGEMENT BRANCH, 2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:[email protected] Website: www.canarabank.com 3 Property No.2: (Property in the name of Mrs.D.Alice, vide Doc No : 10790/2007) All that piece and parcel of Land and Building bearing Plot No.236, EWS “B” Type in the sanctioned plot of Ambattur Phase I & II Scheme, compromised in S.No.866/9 Part, Thirumullaivoyal Village, Ambattur Taluk, Thiruvallur District, measuring an extent of 40 sq.meter, bounded on the North by : Plot No.229 South by : 3 Meter Road East by : Plot No.237 West by : Plot No.235 Lying within the Registration District of North Chennai and Sub-Registration District of Ambattur. 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 Assistant General Manager, Canara Bank Asset Recovery Management Branch, Chennai (Ph. No. 044- 24339160 / 24350042) E-mail: [email protected] during office hours on any working day. Portal of E-Auction: https://canarabank.auctiontiger.net. Date: 05/08/2019 AUTHORISED OFFICER Place: Chennai CANARA BANK ASSET RECOVERY MANAGEMENT BRANCH, 2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:[email protected] Website: www.canarabank.com 4 (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED 05/08/2019 1. Name and Address of the Secured Creditor: Canara Bank, Asset Recovery Management Branch, 2nd Floor, Circle Office Building, 563/1, Anna Salai, Teynampet, Chennai - 600018. (Ph.No - 044-24339160 / 24350042) 2. Name and Address of the Borrowers and Guarantors: a. M/s.Hertz Digital, No.350, 351, 352 Gemini Plaza Center, G N Chetty Road, Nungambakkam, Chennai – 600034 Also at, M/s.Hertz Digital, No.15, Sabari Bagavathi Apartments, Eswaran Koil Street, SIP Colony, Nanganallur, Chennai – 600061 b. Mr.V.Newton, S/o.Y.Verghese No.15, Sabari Bagavathi Apartments, Eswaran Koil Street, SIP Colony, Nanganallur, Chennai – 600061 c. Mrs.D.Alice, D/o.Devan, No.4, Thiruvalluvar Street, Palavanthangal, Chennai – 600114 3. Total liabilities as on 30/06/2019: Rs.1,46,13,549.00/- (Rupees One Crore Forty Six Lakhs Thirteen Thousand Five Hundred and Forty Nine Only) with further interest and other incidental charges thereto incurred by the Bank. 4. (a) Mode of Auction : Online Auction (E-Auction) (b) Details of Auction service provider: M/s.E-Procurement Technologies Ltd. (Auction Tiger), Ahmedabad. Mr. Praveen Thevar, Contact no. 079-40230830 /821/813/815/ 816 / 822, 07968135422. ASSET RECOVERY MANAGEMENT BRANCH, 2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:[email protected] Website: www.canarabank.com 5 Mr.Bharathi Raju, Contact no. 08939000594. Email id: [email protected], [email protected]. (c) Date & Time of Auction : 11/09/2019 & Time 11:30 A.M. to 12:30 P.M. (d) Portal of E-Auction : https://canarabank.auctiontiger.net. 5. Reserve Price : Property No.1: Rs.56,50,000/- (Rupees Fifty Six Lakhs and Fifty Thousand Only) Property No.2: Rs.25,00,000/- (Rupees Twenty Five Lakhs Only) 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 with Authorised Officer, on 20/08/2019 between 11.00 A.M. & 4.00 P.M. 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, Asset Recovery Management Branch OR shall be deposited through RTGS / NEFT / Fund Transfer to credit of account of Canara Bank, Asset Recovery Management Branch, A/c No:2361295000001 IFSC Code:CNRB0002361 on or before 09/09/2019 till 5.00 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 M/s.e- procurement Technologies Ltd. (auction tiger), Ahmedabad. Mr. Praveen Thevar, Contact no. 079-40230830 / 821 / 813 / 815 / 816 / 822, 07968135422. Mr.Bharathi Raju, Contact no. 08939000594. Email id: [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 09/09/2019, 5.00 PM, to Canara Bank, Asset Recovery Management Branch, 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.
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