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ARM/E-AUCTION/JEEVAN INDANE – 23 / 2020 Date: 05/09/2020

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ARM/E-AUCTION/JEEVAN INDANE – 23 / 2020 Date: 05/09/2020 (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH Ref: ARM/E-AUCTION/JEEVAN INDANE – 23 / 2020 Date: 05/09/2020 To a. M/s Jeevan Indane Gas Agency Represented by its Proprietor G.Gengavarajan, Shop No 6, 54 Reddy Street Villivakkam Chennai – 600049 b. Sri G Gengavarajan Prop : M/s Jeevan Indane Gas Agency 889 H Block, 22nd Street, 16the Main Road, Anna Nagar(west) Chennai – 600040 Also at, Sri G Gengavarajan Plot No.9, Kilbun Nagar Extension, Madhavaram, Chennai – 600 060 Also at, Sri G Gengavarajan No.734-A, 4th Street, D-Sector, Anna Nagar West Extension, Chennai-600 101. Madam / 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, Asset Recovery Management 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 our Asset Recovery Management Branch of Canara Bank. The undersigned proposes to sell the assets (through e-auction) more fully described in the schedule of the Sale Notice In furtherance of the earlier notices with Reference No.ARM/E-AUCTION/JEEVAN - 210 dated 02/03/2020 and ARM/E-AUCTION/JEEVAN – 177 dated 03/02/2020, I am herewith sending the Sale Notice (e-auction notice) containing terms and conditions of the sale. 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.com1 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.com2 (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 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 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 Asset Recovery Management Branch of the Canara Bank, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 28/09/2020, (Time 11:30 A.M. to 12:30 P.M) for recovery of Rs.2,08,03,969.00/- due as on 30/06/2020 to the Asset Recovery Management Branch of Canara Bank from M/s.Jeevan Indane Gas Agency and Sri.G.Gengavarajan. The reserve price will be Rs.37,00,000/- (Rupees Thirty Seven Lakhs Only) and The earnest money deposit will be Rs.3,70,000/- (Rupees Three Lakhs Seventy Thousand Only). The Earnest Money Deposit shall be deposited on or before 23/09/2020 at 5.00 P.M Details of Property: (Property in the name of Sri.G.Gengavarajan, vide Doc.No.740/2005) All that piece and parcel of the property at Shop No 6, Ground Floor, Old Door No 32, New No.60, Reddy Street, Villivakkam, Chennai with Plinth area of 351 sq.ft along with parking area measuring 86 sq.ft, comprised in Gramanatham S.No.11A7B2, T.S.No.122, Block No 11, Villivakkam Village, Purasawalkam Perambur Taluk, Chennai District along with UDS of 162 sq.ft out of the land with total extent of 3439 sq.ft more fully described in Doc. No. 740/2005 - Property in the name of Sri.G.Gengavarajan. Boundaries: North by : Shop No 7 South by : Shop No 5 West by : Janaki Ammal Property East by : Reddy Street Situated within the Registration District of Central Chennai and Sub-Registration District of Villivakkam. 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 Assistant General Manager, 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: 05/09/2020 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.com3 (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED 05/09/2020 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 Jeevan Indane Gas Agency Represented by its Proprietor G.Gengavarajan, Shop No 6, 54 Reddy Street Villivakkam Chennai – 600049 b. Sri G Gengavarajan Prop : M/s Jeevan Indane Gas Agency 889 H Block, 22nd Street, 16the Main Road, Anna Nagar(west) Chennai – 600040 Also at, Sri G Gengavarajan Plot No.9, Kilbun Nagar Extension, Madhavaram, Chennai – 600 060 Also at, Sri G Gengavarajan No.734-A, 4th Street, D-Sector, Anna Nagar West Extension, Chennai-600 101. 3. Total liabilities as on 30/06/2020: Rs.2,08,03,969.00/- (Rupees Two Crore Eight Lakhs Three Thousand Nine Hundred Sixty Nine Only) with further interest and other incidental charges thereto incurred by the Bank. 4. (a) Mode of Auction : Online Auction (E-Auction) 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.com4 (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 : 28/09/2020 & Time 11:30 A.M. to 12:30 P.M. (d) Portal of E-Auction : https://canarabank.auctiontiger.net. 5. Reserve Price : Rs.37,00,000/- (Rupees Thirty Seven Lakhs Only) 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 16/09/2020 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 23/09/2020 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 23/09/2020, 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. 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.com5 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. 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.
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