Indian Overseas Bank Phone No: 033- 2212 4053 Asset Recovery Management Branch No.3, Chowringhee Approach Kolkata – 700 072 Date:17.12.2019

SALE NOTICE FOR SALE OF IMMOVABLE ASSETS ( under Proviso to Rule 8(6) of the Security Interest (Enforcement) Rules)

To, M/S LINUS AGROVENTURES M/S LINUS AGROVENTURES PVT. 1. Mr Anjan Ray PVT. LTD. LTD. s/o Late Sunil Roy 11/1A/3 EAST TOPSIA ROAD VPO –GHOSHPUR, MOUZA – MIG Housing Estate TILJALA RADHANAGAR, AVIRAMPUR, P.S. Flat No. H – 4 KOLKATA - 700046 HAROA, 24 PARGANAS NORTH 25/3 Raja Manindra (Borrower) PIN – 743 502, WEST BENGAL Road, Kolkata – 700 (Borrower/Mortgagor) 037 11/6 Selimpur Road Dhakuria Kolkata – 700 031 ( Guarantor) 2. Mr Amit Roy 3. Mr Chandan Majumder 4. M/s Subhlabh S/o Late Salil Roy S/o Late Jogesh Vinimay Pvt. Ltd. 74, Lake Avenue Chandra Majumder 5A Earle Street Kolkata – 700 026 129 Vivekananda Sarani Ground Floor Indrani Apartment Kolkata – 700 026 Fort Oasis Flat No D1, D2 Garfa Flat No. 402 Kolkata – 700 078 144A Jamunalal Bajaj Block 7 Street 35 Panditia Road BB 204, Ashabari Housing Kolkata – 700 007 Kolkata – 700 026 Comlex (Guarantor) (Guarantor) Patuli Township Kolkata – 700 094 (Guarantor)

5. M/s Alishan Estates Pvt. Ltd. Room No. 212, Martin Burn House, 2nd Floor 1, R.N.Mukherjee Road Kolkata – 700 001 (Guarantor)

E-Auction Sale Notice for Sale of immovable Assets under the Securitization and Reconstru- ction 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) and Guarantor(s)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 21.01.2020 for recovery of Rs 69,78,42,830/-(Rupees Sixty Nine Crores Seventy Eight lacs Forty Two Thousand Eight Hundred Thirty) payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment due to the India Overseas Bank, Secured Creditor from M/S LINUS AGROVENTURES PVT LTD(Borrower) and Shri Anjan Roy , Mr Amit Roy , Mr Chandan Majumdar , M/S SubhlabhVinimoy Pvt Ltd and M/S Alishan Estates Pvt Ltd all Guarantors . The Reserve Price will be Rs.2,48,34,259/- and the Earnest Money Deposit will be Rs.24,83,500/-

DESCRIPTION OF THE IMMOVABLE PROPERTY : 1. Premises No.20/1 F, East Topsia Road, ward no. 66 Mouza- Tangra J.L. No. 5 C.S Dag No.537 Khatian No. 210, District- South 24 parganas, P.S Tiljala (Formarly- Jadavpur ) Kolkata-700039 In the name of M/s Alishan Estates Pvt Ltd. Area – 6 cottah 2 Chittak 27 Sqft = 6.1625 Cottah (Approx)

Boundaries of the property : On the North – By KMC main Road ; On the South -By 20/1 East Topsia Road. On the East -By 11/1A/1D, East Topsia Road. On the West -By 22 East Topsia Road.

Authorised officer

Encl: 1. E-auction notice containing terms and conditions 2. Proposed paper publication of E-auction notice.

For detailed terms and Conditions of the sale, please refer to the link provided in Indian Overseas Bank , Secured Creditors website , i.e. www.iob.in (http://iob.auctiontiger.net).

Date : 17.12.2019 Authorised Officer ------

This may 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.

Indian Overseas Bank Phone No: 033- 2212 4053 Asset Recovery Management Branch No.3, Chowringhee Approach Kolkata – 700 072

Date: 17.12.2019

PUBLIC NOTICE FOR E- AUCTION FOR SALE OF IMMOVABLE PROPERTIES

Sale of immovable property lies 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 Indian Overseas Bank 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”, “As Is What Is”and ‘’Whatever There 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://iob.auctiontiger.net ) 1. Name & address of the Borrower a)M/s Linus Agroventures Pvt. Ltd., 11/1A/3 East Topsia Road, Tiljala, Kolkata – 700 046 & VPO – Ghoshpur Mouza Radha Nagar, Avirampur, P.S. Haroa, 24 Parganas North , PIN – 743 502 2. Name & address of the Guarantors: (a)M/s Subhlabh Vinimay Pvt. Ltd.,5A Earle Street, Ground Floor, Kolkata – 700 026, (Guarantor)

(b)M/s Alishan Estates Pvt. Ltd., Room No. 212, Martin Burn House, 1, R.N.Mukherjee Road , Kolkata – 700 001. (Guarantor and mortgagor)

(c)Mr Anjan Ray, s/o Late Sunil Roy, MIG Housing Estate, Flat No. H – 4, 25/3 Raja Manindra Road, Kolkata – 700 037. (Guarantor)

(d)Mr Amit Roy, S/o Late Salil Roy, 74, Lake Avenue, Kolkata – 700 026 , (Guarantor)

(e)Mr Chandan Majumder, S/o Late Jogesh Chandra Majumder ,129 Vivekananda Sarani, Indrani Apartment, Flat No D1, D2 Garfa, Kolkata – 700 078 (Guarantor)

3.Date of NPA: 30.06.2015 4.Date of Demand notice: 28.03.2016 5.Dues claimed in Demand Notice: Rs.45,04,18,235/- as on 28.03.2016 with further interest & costs 6.Date of possession notice:27.07.2016 7.Dues claimed in Possession Notice: Rs. 45,04,18,235/- as on 28.03.2016 with further interest & costs *Outstanding dues Rs Not Known. of Local Self Government(Property Tax, Water sewerage ,Electricity Bill etc )

DESCRIPTION OF THE IMMOVABLE PROPERTY :

1.Premises No.20/1 F, East Topsia Road, ward no. 66 Mouza- Tangra J.L. No. 5 C.S Dag No.537 Khatian No. 210, District- South 24 parganas, P.S Tiljala (Formarly- Jadavpur ) Kolkata-700039 In the name of M/s Alishan Estates Pvt Ltd. Area – 6 cottah 2 Chittak 27 Sqft = 6.1625 Cottah (Approx)

Boundaries of the property : On the North – By KMC main Road ; On the South -By 20/1 East Topsia Road. On the East -By 11/1A/1D, East Topsia Road. On the West -By 22 East Topsia Road.

Reserve price Rs.2,48,34,259/- Date & Time of auction: On 21.01.2020 from 11.00 A.M to 01.00 P.M EMD: Rs.24,83500/- Bid increase amount : Rs. 50,000/- Auto extension time: 5 minutes Known Encumbrance if any: Nil Inspection Date& Time: 05.01.2020 from 12.00 p.m. to 2.00 p.m. *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 https://iob.auctiontiger.net . (web portal of e-auction of service provider)

-Sd- Date: 17.12.2019 Authorised Officer Place:Kolkata Indian Overseas Bank

Indian Overseas Bank Phone No:033- 2212 4053 Asset Recovery Management Branch No.3, Chowringhee Approach Kolkata – 700 072 Date : 17.12.2019 E-AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002

Whereas M/s Linus Agroventures Pvt. Ltd., has borrowed monies from Indian Overseas Bank against the mortgage of the immovable properties more fully described in the schedule hereunder and on upon classification of the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 28.03.2016 calling upon the borrowers M/s. LINUS AGROVENTURES PVT. LTD. and the guarantors namely Mr Anjan Roy, Mr Amit Roy, Mr. Chandan Majumdar, M/s Alishan Estates Pvt. Ltd and M/s Subhlab Vinimay Pvt. Ltd. to pay the amount due to the Bank, being Rs.45,04,18,235/-( Forty five crore four lakh eighteen thousand two hundred thirty five only ) as on 28.03.2016 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment within 60 days from the date of receipt of the said notice. Whereas the borrowers & guarantors having failed to pay the amount dues in full to the Bank as called for in the said demand notice, the Bank has taken possession of the secured assets more fully described in the schedule hereunder on 27.07.2016 under Section 13 (4) of the Act with the right to sell the same in “As is where is”, “As is what is”and “Whatever there is” basis under Section13(4) of the Act read with Rules 8 &9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank’s dues. The dues to the Bank as on the date of taking possession was intimated as Rs.45,04,18,235/-(Rupees Forty Five Crores Four Lacs Eighteen Thousand Two Hundred Thirty Five Only) as on 28.06.2016 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment, after reckoning repayments, if any, since the date mentioned in the demand notice.

The dues of the borrower as on 30.04.2019 works out to Rs 69,78,42,830/-(Rupees Sixty Nine Crores Seventy Eight lacs Forty Two Thousand Eight Hundred Thirty) payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment. The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank‟s dues by sale of the under mentioned properties.

SCHEDULE OF PROPERTY:

Boundaries of the property : On the North – By KMC main Road ; On the South -By 20/1 East Topsia Road. On the East -By 11/1A/1D, East Topsia Road. On the West -By 22 East Topsia Road Date and time of e-auction On 21.01.2020 between 11.00 a.m to 01.00 p.m (time) with auto extension of 5 minutes each till sale is completed.

Reserve Price Rs. 2,48,34,259/- Earnest Money Deposit Rs. 24,83,500/- EMD Remittance

EMD Remittance Deposit through EFT/NEFT/ RTGS Transfer in favor of “ IOB-Asset Recover Management Branch” to the credit of A/C no.--19960113301010-Indian Overseas Bank, Asset Recovery Management Branch, Branch Code: 1996, IFSC Code-: IOBA0001996 Bid Multiplier Rs.50, 000/- (the amount in multiples of which the bid is to be increased)

Inspection of property 05.01.2020 from 12.00 p.m. to 2.00 p.m. Submission of online 19.12.2019 onwards application for bid with EMD

Last date for submission of 20.01.2020 online application for BID with EMD Known Encumbrance if any NIL

*Outstanding dues – Not Known of Local Not Known Self Government(Property Tax, Water sewerage, Electricity Bills etc)

Terms and Conditions 1. The property will be sold by e-auction through the Bank‟s approved service provider M/s e- Procurement Technologies Ltd ( Auctiontiger) under the supervision of the Authorized Officer of the Bank. 2. E-auction bid document containing online e-auction bid form, declaration,general terms and conditions of online auction sale are available in the website: https://iob.auctiontiger.net . 3. 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. 4. Bids in the prescribed formats shall be submitted “online” through the portal https://iob.auctiontiger.net alongwith the EMD & scanned copy of KYC documents including photo, PAN Card & address proof to the service provider and the Authorised Officer before 16.00. hours on 20.01.2020 . 5. 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. 6. Bids without EMD shall be rejected summarily. 7. 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 5 minutes each till the sale is concluded. 8. 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. 9. 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. 10. The purchaser shall bear the charges/ fee payable for conveyance such as registration fee, stamp duty, etc., as applicable as per law. 11. 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. 12. The property is being sold on “as is where is” , “as is what is”and ‘’ whatever there is’’ basis. The Bank has disclosed only the known encumbrances, statutory liabilities, if any, as above and it is for the purchaser to make their own independent enquiries at their own costs before participating in the auction. 13. 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. 14. Sale is subject to confirmation by the secured creditor. 15. 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. 16. 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. 17. * In compliance with Section 194 IA of the Income tax Act, 1961 income tax @ 1% on the Reserve Price shall be deducted and paid under the PAN Number 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 the Branch Manager, Indian Overseas Bank, ARM branch 3, Chowringee approach Kolkata-700072. during office hours, Phone no : 033-22124053 or the Bank’s approved service provider M/s E-Procurement Technologies Ltd ( Auctiontiger). (Contact Person: K Raju: 9002715034, Mr Rahul: 07940005418 , E-mail : [email protected])

PLACE:Kolkata Authorised Officer DATE : 17.12.2019