Indian Overseas Bank

Anna Nagar Branch (0270)

I-28,1st Avenue, East Chenni-600102 Phone No: 2626 1819, 2626 3298 Email id: [email protected]

PUBLIC NOTICE FOR E- AUCTION FOR SALE OF IMMOVABLE PROPERTIES

Sale of immovable property /ies mortgaged to Bank under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (No.54 of 2002) whereas, the Authorized Officer of has taken Possession of the following property pursuant to the notice issued under Section 13(2) of the Security Interest (Enforcement) Rules 2002 in the following loan account with right to sell the same on “AS IS WHERE IS BASIS‟ and “AS IS WHAT IS BASIS‟ for realization of Bank's dues plus interest & costs as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Bank's dues by sale of the said property. The sale will be done by the undersigned through e-auction platform provided at the Web Portal : https://iobauctiontiger.net

1) M/S Lotus Hallow Blocks & M/S Iswarya Builders 75 – J block, 1st Main Road, Anna Nagar East, 600 102

2) Mr. Sundarajan (Proprietor of Iswarya Builders, Borrower & Guarantor ) S/o A.P.Gangaiahadithiyan 11/10, Bharathidasan colony, K K Nagar, Chennai 600 078

3) Mrs. S Gandhimathi ( Proprietor of Lotus Hallow Blocks and borrower) W/o Mr. G Sundarajan 11/10, Bharathidasan Colony, K K Nagar, Chennai-600 078.

Date of NPA: 01.07.2015 Date of Demand notice: 05/10/2015

Dues claimed in Demand Notice: Rs.7058951/- as on 29.09.2015 with further Interest & costs

Date of possession notice: 21.12.2015

Dues claimed in Possession Notice: Rs.72,58,865/- as on 01.10.2015 with further Interest & costs

DESCRIPTION OF THE IMMOVABLE PROPERTY

All that piece and parcel of property bearing Plot No.11/10, situated at Bharathidasan colony, K K Nagar, Chennai 600 078 covered under sanctioned layout formed by Tamilnadu Housing Board known as “TNUPB B.D.S. COLONY SCHEME” comprised in survey No.300 part of village, – Taluk within the limit of Chennai corporation measuring to an extent of 1151 sq. ft., standing in the name of Mr.G.Sundarajan and the land being bounded on the:

North By : ESI Hospital South By : 50 Feet Wide Road East By : Plot No.11/11 West By : Plot No 11/9 and situated within the Registration District of Chennai, and Sub-Registration District of Ashok Nagar

Reserve price Rs.172.00 lakhs Date & Time of auction: 16.09.2019 Between 11 am to 1 pm EMD : Rs.17,20 lakhs

Bid increase amount: Rs 50000/- Auto extension time: 5 minutes Known Encumbrance if any: Nil

Last date for remitting EMD : 13/09/2019 3 pm

*Bank’s dues have priority over the statutory dues

For terms and conditions Please visit: https://www.iob.in/e-Auctions.aspx https://www.publishtenders.gov.in

Place: Chennai For Indian Overseas Bank Date: 29.08.2019

Authorized Officer