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(A Government of India Undertaking) Asset Recovery Management Branch

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(A Government of India Undertaking) Asset Recovery Management Branch (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH Ref: ARM/E-AUCTION/E LITE – 2 / 2020 Date: 18/07/2020 To a. M/s.Elite, Rep. by its Proprietor Mr.Ramesh Bishnoi, Old No.180/2, New No.295, Sydenhams Road, Choolai, Choolai – 600112 b. Mr.Ramesh Bishnoi, S/o.Mr.Mobataramji, No.24/53, Austabujam Road, 2nd Floor, Choolai, Chennai – 600112 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, Canara Bank, Guindy Branch had taken possession of the assets described in the 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 ARM Branch, Chennai and the undersigned proposes to sell the assets (through e-auction) more fully described in the Sale Notice. In furtherance of the earlier notices with Reference No.ARM/E-AUCTION/E LITE – 204 dated 24/02/2020, I am herewith sending the Sale Notice (e-auction 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 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 (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 provision 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 Guindy Branch of the Canara Bank, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 14/08/2020, (Time 11:30 A.M. to 12:30 P.M) for recovery of Rs.1,35,76,950.00/- due as on 30/06/2020 to the Asset Recovery Management Branch of Canara Bank from M/s.Elite and Mr.Ramesh Bishnoi. The reserve price will be Rs.44,00,000/- (Rupees Forty Four Lakhs Only) and the earnest money deposit will be Rs.4,40,000/- (Rupees Four Lakhs Forty Thousand Only). The Earnest Money Deposit shall be deposited on or before 10/08/2020 at 5.00 P.M. Details of Property: (Property in the name of Mr.Ramesh Bishnoi, vide Doc.No.2640/2013) All that piece and parcel of Residential Flat bearing Flat No.S12,in Second Floor, 2nd Street, ”Nu’s Reality Paradise Apartment, Manikodi Srinivasa Nagar, Off Old Mahabalipuram Road, Seevaram Village, Chennai – 600096, Perungudi Town Panchayat, Sholinganallur Taluk, Previously Tambaram Taluk, Kancheepuram District, comprised in Survey No.30 Part, 31 Part in Plot No.108,109 and 110 with 598.5 sq.ft Undivided Share out of total extent 7627.5 sq.ft and Built up area of 1036 sq.ft. The land bounded on the North by : 24 Feet wide Pathway (Manikodi Srinivasa Nagar) South by : Plot No.111 East by : Land in Survey No.22, Senthil Nagar West by : 24 Feet wide Layout Road (Manikodi Srinivasa Nagar) within the Sub-Registration District of Neelangarai and Registration District of South Chennai. 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 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 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: 18/07/2020 AUTHORISED OFFICER Place: Chennai CANARA BANK 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 (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED 18/07/2020 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.Elite, Rep. by its Proprietor Mr.Ramesh Bishnoi, Old No.180/2, New No.295, Sydenhams Road, Choolai, Choolai – 600112 b. Mr.Ramesh Bishnoi, S/o.Mr.Mobataramji, No.24/53, Austabujam Road, 2nd Floor, Choolai, Chennai – 600112 3. Total liabilities as on 30/06/2020: Rs.1,35,76,950.00 (Rupees One Crore Thirty Five Lakhs Seventy Six Thousand Nine Hundred and Fifty 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. Mr.M.Prabakaran, Contact no.07010067800. Email id: [email protected], [email protected]. (c) Date & Time of Auction : 14/08/2020 & Time 11:30 A.M. to 12:30 P.M. (d) Portal of E-Auction : https://canarabank.auctiontiger.net. 5. Reserve Price : Rs.44,00,000/- (Rupees Forty Four Lakhs Only) 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 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 04/08/2020 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 10/08/2020 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.M.Prabakaran, Contact no.07010067800. 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 10/08/2020, 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. 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 M/s.e-procurement Technologies Ltd. (auction tiger), Ahmedabad. Mr. Praveen Thevar, Contact no. 079-40230830 / 821 / 813 / 815 / 816 / 822, 07968135422. Mr.M.Prabakaran, Contact no.07010067800. Email id: [email protected], [email protected]. h. EMD deposited by the unsuccessful bidder shall be refunded to them. The EMD shall not carry any interest. 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 i. Auction would commence at Reserve Price, as mentioned above. Bidders shall improve their offers in multiplies of Rs.10,000. The bidder who submits the highest bid (not below 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.
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