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1 Pondicherry Branch No.147, Istfloor,Jawaharlal Nehru Street, PO BOX No.22 Pondicherry,PIN

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1 Pondicherry Branch No.147, Istfloor,Jawaharlal Nehru Street, PO BOX No.22 Pondicherry,PIN Pondicherry Branch No.147, IstFloor,Jawaharlal Nehru Street, P.O BOX No.22 Pondicherry,PIN: 605001 Email ID:[email protected] Ph: Tel:0413-2337044 Ref:ADV/SARFAESIA/2020 Date: 29-01-2020 To 1. M/s Sri Saiarul Chem 2. Shri K ThanabalanS/o S M 3. Mr M Kannan s/o Sri Industries Kanan,(Borrower/Guarantor) Mahalingam (Guarantor) Prop: Shri K Thanabalan, Prop: M/s Sri Saiarul Chem R S no 292/14,Middle S/o S M Kanan, Industries , Street, Vill.Munaivendri , IllayangudiTaluk,DtSivagan R S no 133/1-A2,Embalam C/o Mrs T Poopandi gi,Tamilnadu Road, Mangalam, Villianur Plot no:117,Roja Nagar Main Commune,Puducherry- th ii) C/o Mrs T Poopandi 605110 Road,Roja nagar,10 Cross .Near Teachers Colony, Plot no:117,Roja Nagar Main Road,Roja nagar, Dr Radha Krishna nagar area. 10th Cross NearTeachers Puducherry Colony,Dr Radha Krishna nagar area. Puducherry APPENDIX-IV-A [See proviso to Rule 8 (6)] Sale notice for Sale of Immovable Properties E-Auction Sale Notice for Sale of Immovable Assets under the Securitization 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 Borrower(s) and Guarantor(s) that the below described immovable property mortgaged/charged to the Secured Creditor, the possession (Physical)of which has been taken by the Authorized Officer of Union Bank of India, Secured Creditor, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 05.03.2020 (Thursday) between 11:00 AM To 1:00 PM, for recovery of Rs.1,51,74,050.00(Rupees One Crore fifty one lacs seventy four thousand fifty only) as on 31.12.2019plus future interest and cost due to the UNION BANK OF INDIA, Pondicherry Branch, Secured Creditor from the borrowers/guarantors namely (1) M/s Sri 1 Saiarul Chem Industries represented by its Prop: Shri K Thanabalan, S/o S M Kanan, addressed at R S no 133/1-A2,Embalam Road, Mangalam, Villianur Commune,Puducherry- 605110 (2) Shri K Thanabalan S/o S M Kanan ,C/o Mrs T Poopandi,Plot no:117,Roja Nagar Main Road, Roja Nagar,10th Cross, Near Teachers Colony, Dr Radha Krishna Nagar Area, Puducherry (3) Mr M Kannan,S/o Sri Mahalingam addressed at R S no 292/14,Middle Street, Vill.Munaivendri , Illayangudi Taluk,Dt Sivagangi,Tamilnadu & at C/o Mrs T Poopandi,Plot no:117,Roja Nagar Main Road,Roja Nagar,10th Cross , Near Teachers Colony Dr Radha Krishna nagar area,Puducherry Interested Bidders shall remit the refundable EMD of 10% of reserve price by way of RTGS/NEFT/Funds Transfer to the Credit of A/c.No. 379501980050000, Union Bank of India, Pondicherry Branch, IFSC Code UBIN0537951 or by DD/Pay order favouring Union Bank of India, Pondicherry Branch payable at Pondicherry on or before 04.03.2020 (Wednesday) before 3 pm. Reserve Price Earnest Money Deposit Rs.70,00,000/- Rs.7,00,000/- (Rupees Seventy lakhs only) (Rupees Seven lakhs only) SCHEDULE OF PROPERTY 1.All that piece and parcel of a dry land comprised in Re- survey No.133/1, Cad Nos 400/1, 400/2, as per Patta : Re-survey No.133/1/A/3,Patta No. 588 measuring 13Ares 38 cantiars , 25 Kuzhy. Puducherry Registration District ,Villianur Sub-Registration District, within the limits of Villianur Municipality,Village No.49,Mangalam Revenue Village, situated at Mangalam Village in the name of Mr K Thanabalan. Boundaries:To the East of road and the land of Kalidassan,To the West of Kuduvai River and the land comprised in RS No.133/4,To the South of Kuduvai river and the land of Kalidassan and,To the North of the land of Udayam Chemical Company 2.All that piece and parcel of a dry land comprised in Re-survey No 133/1 , Cad No.s 4001/1,400/2, as per Patta: Re-survey No. 133/1/A/2, Patta No.587 measuring 13 Ares, 37 Cantiars , 25 Kuzhy. Puducherry Registration District, Villianur Sub-Registration District, within the limits of Villianur Municipality, Village No 49, Mangalam, Revenue Village, situated at Mangalam Village in the name of MrThanabalan, Boundaries:To the East of the road,To the West and the North of the land of Shyamala,To the South of the Kuduvai river and the land comprised in RSNo. 133/4 For detailed terms and conditions of the sale, please refer to the link provided in Union Bank of India websiteie: www.unionbankofindia.co.in, www.bankeauctions.comof Service Provider M/s.C1 India Pvt Ltd Plot No. 301, Gulf Petrochemical Building,1st floor, Udyog Vihar Phase -2 Gurgaon, Haryana- 122015 India, Phone No.0124-4302000/4302010 and 2 having Chennai number as 9840446485and Email ID as [email protected] or shrinatth.narasimhan@ c1india. comor may contact Chief Manager & Authorised Officer in this account Mr. MAHARANA CHAKRADHAR, Union Bank of India Pondicherry Branch contact number :7735012881 Tel:0413-2337044 . For ascertaining the details of auction and inspection of property: Contact Nos. 9585534455,7892338896-&044-27462323,E-mailID:- [email protected] Date:29-01-2020 Chief Manager & Place:Pondicherry Authorized Officer STATUTORY 30 DAYS SALE NOTICE UNDER RULE 8(6)/RULE 9(1) OF STATUTORY INTEREST (ENFORCEMENT) RULES 2002 This may also be treated as notice u/Rule8(6)/Rule 9(1) of Security Interest (Enforcement) Rules,2002 to the borrower/s and guarantor/s of the said loan about the holding of E-Auction Sale on the above mentioned date. PONDICHERRY BRANCH, No.147, IstFloor,Jawaharlal Nehru Street, P.O BOX No.22,Pondicherry,PIN: 605001 Tel:+910413 2338289 , 2337044. Email: [email protected]. 3 TERMS & CONDITIONS OF ONLINE E- AUCTION SALE 1. Description of the immovable SCHEDULE OF THE PROPERTY property to be auctioned 1. All that piece and parcel of a dry land comprised in Re- survey No.133/1, Cad Nos 400/1, 400/2, as per Patta : Re-survey No.133/1/A/3,Patta No. 588 measuring 13Ares 38 cantiars , 25 Kuzhy. Puducherry Registration District ,Villianur Sub-Registration District, within the limits of Villianur Municipality,Village No.49,Mangalam Revenue Village, situated at Mangalam village in the name of Mr K Thanabalan. Boundaries:To the East of road and the land of Kalidassan,To the West of Kuduvai River and the land comprised in RS No.133/4,To the South 0f Kuduvai river and the land of Kalidassan and,To the North of the land of Udayam Chemical Company 2. All that piece and parcel of a dry land comprised in Re-survey No 133/1 , Cad No.s 4001/1,400/2, as per Patta: Re-survey No. 133/1/A/2, Patta No.587 measuring 13 Ares, 37 Cantiars , 25 Kuzhy. Puducherry Registration District, Villianur Sub-Registration District, within the limits of Villianur Municipality, Village No 49, Mangalam, Revenue Village, situated at Mangalam Village in the name of Mr Thanabalan, Boundaries:To the East of the road,To the West and the North of the land of Shyamala,To the South of the Kuduvai river and the land comprised in RSNo. 133/4 2. Name of Borrower / Mortgagor Shri K Thanabalan, S/o S M Kanan, 3 Debt Due With Interest And Cost Rs.1,51,74,050.00 (Rupees One Crore fifty one lacs seventy four thousand fifty only)as on 31.12.2019 plus future interest and legal expenses and other charges and costs till full realization of debts. 4 4 Date and time of Auction 05.03.2020 (Thursday) between 11:00 AM To 1:00 PM with unlimited extension of “5”minutes each i.e. the end time of e- auction will be extended by 5 Minutes each time if bid is made within the last 5 minutes before closure of auction. 5 Reserve Price Rs.70,00,000/-(Rupees Seventy lakhs only) 6 Earnest Money Deposit (EMD) Rs.7,00,000/-(Rupees Seven lakhs only) 7 Last date of submission of bids On or before 04.03.2020 (Wednesday)03:00 pm 8 Bid Increment Amount by Rs. 25,000/- (Rupees Twenty five Thousand Only) 9. Date & Time of inspection of 29.02.2020 (Saturday) between 11:00PM to 1:00 PM property for intending purchasers 10 Details of encumbrances over the Nil property, as known to the Bank 11. The Property is being sold on “AS IS WHERE IS”, “AS IS WHAT IS”, “WHATEVER THERE IS”. As such, sale is without any kind of warranties & indemnities. 12. Particulars of the property/asset (viz. extent & measurements specified in the E-Auction Sale Notice) have been stated to the best of information of the Authorized Officer and Authorized Officer shall not be answerable for any error, misstatement or omission. Actual extent & dimensions may differ. 13. E-Auction Sale Notice issued by the Bank is an invitation to the general public to submit their bids and the same does not constitute and will not be deemed to constitute any commitment or any representation on the part of the Bank. Interested bidders are advised to peruse the copies of title deeds with the Bank and to conduct own independent enquiries/due diligence about the title & present condition of the property/ assets and claims/ dues affecting the property before submission of bid/s. 14. Auction/ bidding shall only be through “online electronic mode” through the website www.bankeauctions.com by the service provider M/s C1 India PvtLtd.
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