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TAMILNAD MERCANTILE BANK LTD (Regd.Office at 57, V.E.Road,Thoothukudi) ------TAMILNAD MERCANTILE BANK LTD No.4, T.T.K

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TAMILNAD MERCANTILE BANK LTD (Regd.Office at 57, V.E.Road,Thoothukudi) ------TAMILNAD MERCANTILE BANK LTD No.4, T.T.K TAMILNAD MERCANTILE BANK LTD (Regd.office at 57, V.E.Road,Thoothukudi) ----- ------------------------------------------------------------------------------- ---------------------------------------- TAMILNAD MERCANTILE BANK LTD No.4, T.T.K. Road, Royapettah, Chennai – 600 014. CHENNAI T.T.K. ROAD BRANCH Date : 18.06.2019 (BY RPAD) To, 1.M/s.Sarfaraz Niaz & Co, 159, Cutchery Road, || No. 9/5 Covelong Muthu Gramani Street, Valayampet, || Periamet, Vaniyambadi – 635 751. || Chennai – 600 003. 2.Mr.A.B.Sarfaraz Ahmed (S/o.Mr.Amina Hajee Mohamed Ebrahim Sahib) 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023. 3.Mr.A.Haneef Irshad (S/o.Mr.Amina Hajee Mohamed Ebrahim Sahib) 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023. 4.Mrs.A.Saira Banu (W/o.Mr.A.B Sarfaraz Ahmed) 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023. 5.Mr.A.Humira Parveen (W/o.Mr.A.Haneef Irshad) 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023. Sale Notice for Sale of Immovable Properties through E- Auction E-Auction Sale Notice for Sale of Immovable Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 8 (6) & 9 (1) 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) M/s.Sarfaraz Niaz & Co, 159, Cutchery Road, Valayampet, Vaniyambadi – 635 751 || No. 9/5 Covelong Muthu Gramani Street, Periamet, Chennai – 600 003, Mr.A.B.Sarfaraz Ahmed (S/o.Mr.Amina Hajee Mohamed Ebrahim Sahib), 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023, Mr.A.Haneef Irshad (S/o.Mr.Amina Hajee Mohamed Ebrahim Sahib), 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023, Mrs.A.Saira Banu (W/o.Mr.A.B Sarfaraz Ahmed), 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023, Mr.A.Humira Parveen (W/o.Mr.A.Haneef Irshad), 6/26-A, Diwankhan Bahadhur Street, Secretariat Colony, Ayanavaram, Chennai - 600 023 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 Tamilnad Mercantile Bank Limited Chennai TTK Road Branch, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 20.07.2019 for recovery of Rs.10,58,38,290.20/- (Rupees Ten crore Fifty Eight lakhs Thirty Eight Thousand Two Hundred and Ninety and Twenty Paise only) as on 31.05.2019 due to the Tamilnad Mercantile Bank Limited Chennai TTK Road Branch. The reserve price will be Rs.5,25,00,000/- (Rupees Five Crore Twenty five lakhs Only) and the earnest money deposit will be Rs.52,50,000/- (Rupees Fifty two lakhs fifty thousand only). Description of the Property : Land to the extent of 15132 Sq.ft and Commercial building constructed thereat to the extent of 9893.77 Sq.ft (Ground Floor (Madras Terrace) 2174 Sq.ft, Ground Floor - RCC 8866 Sq.ft, First Floor – RCC 1027.77 Sq.ft comprised in T.S.No.21, 22, 23, 24, 25, 26 & 27, Ward No.E, Block – 10, Old Door No.512 A to G, New Door No.38, 40, 42 upto 96, Jinna Road, Khaderpet, Vaniyampadi Town and Vaniyampadi Taluk, Vellore – 635 751, standing in the name of Mr.Bachamian Sahib @ Sarfaraz Ahamed Sahib and Mr.Mohammed Haneef @ Irsahad Ahmed Sahib Boundaries : North By : Amburpettai Canal & Land comprised in T.S.No.25 South By : Jinna Road East By : Property belongs to Palani Mudaliar comprised in S. Nos.51,53,55,59 & 56 West By : Property belonging to Mahaboob Bee. Terms & Conditions 1. E - Auction https://sarfaesi.auctiontiger.net website Upset Price Rs.5,25,00,000/- (Rupees Five Crore Twenty five lakhs Only) Date and time of 20.07.2019 between 1.00 P.M to 1.30 P.M with auto time extension e-auction of 5 minutes each, till sale is concluded. Earnest Money Deposit Rs.52,50,000/- (Rupees Fifty two lakhs fifty thousand only). Last date for submission of Bid form along with Demand Draft in favour of Tamilnad Mercantile bid form with Bank Ltd, should be submitted on or before 19.07.2019. EMD Place of Authorised Officer, Submission of TAMILNAD MERCANTILE BANK LTD., BID form and CHENNAI T.T.K ROAD BRANCH, EMD D.No.4, T.T.K Road, Royapettah, Chennai - 600 014. Bid Multiplier Rs.1,00,000/- ( Rupees One lakh Only) Other Terms & Conditions 2.The successful bidder shall have to deposit 25% of the Bid Amount (less EMD) on the same day or the next working day without fail and EMD shall be adjusted towards 25% of the bid amount immediately, on the sale being knocked down in his favour. In case of default in deposit of 25% of the bid amount as stated above, the EMD will be forfeited and the property shall forthwith be sold again. 3.The successful bidder shall deposit the balance 75% of the bid amount within 15 days of the sale or such extended period as agreed upon in writing by the Authorized Officer/Secured Creditor at his discretion. In case of any default in depositing the amount within the stipulated period, the deposit will be forfeited as per sub Rule (5) of Rule (9) of Security Interest (Enforcement) Rules 2002 and the property shall be resold and the defaulting purchaser will forfeit all his/her claims to the property or to any part of the sum for which it may be subsequently sold. 4.No interest shall be payable on any amount deposited for participation in the bid under the SARFEASI Act. 5.To the best of knowledge and information of the Authorized Officer, the properties are not subject to any encumbrance. 6.The Authorized Officer will not be held responsible for any charge, lien, encumbrances, property tax or any other dues to the Government or anybody in respect of the property/ies under sale. 7.The successful bidder should bear the charges/fee payable for conveyance such as registration fee, stamp duty etc., as applicable as per Law. 8.The Authorized Officer has absolute right to accept/reject/postpone or cancel the sale without assigning any reason, whatsoever. 9.The property/properties will not be sold below the reserve price fixed above. 10.The intending bidders should submit photo copy of any one of the proof of identity, ie., adhaar card, passport, driving license, ration card, Voter ID, PAN Card etc., along with the bid form. 11.The sale certificate shall be issued in the name of the purchaser/bidder and will not be issued in the any other name. The purchaser shall bear stamp duty, registration charges and all other connected fees, duties, taxes etc. in relation to the execution of the sale certificate. 12.Successful bidder/purchaser will deduct TDS@1% on sale proceeds as per sec.194(1- A) of the Income Tax, 1961 & deposit the same by furnishing the challan in Form 26QB and submit the original receipt of TDS Certificate to Bank. 13.The sale notice is also uploaded/published on website(www.tmb.in) Note: 1. Bid form for participating in the e-auction is available in the website https://sarfaesi.auctiontiger.net 2. Bidders shall hold a valid Digital Signature Certificate issued by competent authority and valid email ID {e-mail ID is absolutely necessary for the intending bidder) with regard to other relevant information and allotment of ID & password. For participating in the e-auction Contact: M/s E-Procurement Technologies Ltd, Ahmedabad, Help Line. No: 079-40230825 I 826 I 827 I 813 I 814 I 815 I 816 I 817 I 818 I 819/800) Email ID: [email protected] & [email protected] . Place : Chennai Date : 18.06.2019 Authorised Officer Tamilnad Mercantile Bank Ltd (For TTK Road Branch) (Cell: 98428 13786 / 9976634444) .
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