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Sale Notice for Sale of Immovable Properties

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Sale Notice for Sale of Immovable Properties 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 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 Borrower(s) and Guarantor(s) that the below described immovable property mortgaged/charged to the Secured Creditor, the symbolic possession of which has been taken by the Authorised Officer of State Bank Of India, the Secured Creditor, will be sold on “ As is Where is”, “As is What is” and “Whatever there is” basis on 26.06.2019, for recovery of Rs 56,63,85,601.68 (Rupees Fifty Six Crores Sixty Three Lacs Eighty Five Thousand Six Hundred and One and Sixty Eight Paise Only) due to the secured creditor from M/s.Oragadam City Developers Private Limited. (Borrower) and M/s Frontier Housing Private Limited, M/s Vilagam Housing, M/s New Town Housing, M/s Value Build Homes (Guarantors). The reserve price for Item No 1 will be Rs.6,00,00,000 (Rupees Six Crores Only) and the earnest money deposit will be Rs.60,00,000/- (Rupees Sixty Lakhs Only), the latter amount to be deposited with the Bank on or before 24.06.2019 (last date for receipt of EMD). The reserve price for Item No 2 will be Rs.18,00,00,000 (Rupees Eighteen Crores Only) and the earnest money deposit will be Rs.1,80,00,000/- (Rupees One Crore Eighty Lakhs Only), the latter amount to be deposited with the Bank on or before 24.06.2019 (last date for receipt of EMD). The reserve price for Item No 3 will be Rs.54,80,00,000 (Rupees Fifty Four Crores Eighty Lakhs Only) and the earnest money deposit will be Rs.5,48,00,000/- (Rupees Five Crores Forty Eight Lakhs Only), the latter amount to be deposited with the Bank on or before 24.06.2019 (last date for receipt of EMD). Description of Property Item No: 1 All that piece and parcel of the land situated at No.161, Vilagam Village, Walajabad Taluk, Kanchipuram District comprised in Survey No.4, 6 ,7, 8, 9 &14, to an extent of 2.71 Acres comprising of DTCP approved plots belonging to M/s. Oragadam City Developers Private Limited, M/s. Value Build Homes and M/s. Vilagam housing. 1 Item No:2 All that piece and parcel of the land situated at No. 161, Vilagam Village, Walajabad Taluk, Kanchipuram District comprised in Survey Nos. 38, 27/3A, 27/ 3B and 47 to an extent of 7.34 Acres comprising of future development land and plots belonging to M/s. New Town Housing, M/s. Vilagam housing and M/s. Value Build Homes. Item No:3 All that piece and parcel of the land situated at No. 161, Vilagam Village, Walajabad Taluk, Kanchipuram District comprised in Survey Nos. 3, 4, 5/2, 6, 7, 9, 11, 14, 12/1, 13, 32/1, 32/2, 34/1 Part, 36, 37/4, 39, 40/1, 31, 25/1, 25/4 and 26/2 to an extent of 42.63 acres comprising of future development land and plots belonging to M/s. Oragadam City Developers Private Limited, M/s. New Town Housing, M/s. Value Build Homes and M/s. Vilagam Housing. Date: 30.05.2019 Place: Chennai V Balachander Asst General Manager & Authorised Officer State Bank of India Stressed Assets Management Branch, Chennai. 2 THE TERMS AND CONDITIONS OF SALE OF THE SECURED CREDITOR. Property will be sold on ‘AS IS WHERE IS, AS IS WHAT IS AND WHATEVER THERE IS” Basis 1 Name and address of the M/s Oragadam City Developers Private Limited Borrower New No. 5, Old No. 3, Giri Road, T Nagar, Chennai - 600 017. 2 Name and address of Branch, State Bank Of India the secured Stressed Assets Management Branch creditor “Red cross Buildings”, 32, Red Cross Road, Egmore, Chennai- 600 008. E-mail ID: [email protected] 3 Description of the immovable secured assets to be sold. Item No: 1 All that piece and parcel of the land situated at No.161, Vilagam Village, Walajabad Taluk, Kanchipuram District comprised in Survey No.4, 6 ,7, 8, 9 &14, to an extent of 2.71 Acres comprising of DTCP approved plots belonging to M/s. Oragadam City Developers Private Limited, M/s. Value Build Homes and M/s. Vilagam housing. Item No:2 All that piece and parcel of the land situated at No. 161, Vilagam Village, Walajabad Taluk, Kanchipuram District comprised in Survey Nos. 38, 27/3A, 27/ 3B and 47 to an extent of 7.34 Acres comprising of future development land and plots belonging to M/s. New Town Housing, M/s. Vilagam housing and M/s. Value Build Homes. Item No:3 All that piece and parcel of the land situated at No. 161, Vilagam Village, Walajabad Taluk, Kanchipuram District comprised in Survey Nos. 3, 4, 5/2, 6, 7, 9, 11, 14, 12/1, 13, 32/1, 32/2, 34/1 Part, 36, 37/4, 39, 40/1, 31, 25/1, 25/4 and 26/2 to an extent of 42.63 acres comprising of future development land and plots belonging to M/s. Oragadam City Developers Private Limited, M/s. New Town Housing, M/s. Value Build Homes and M/s. Vilagam Housing. 4 Details of the encumbrances Nil known to the secured creditor. 5 The secured debt for recovery Rs 56,63,85,601.68 (Rupees Fifty Six Crores of which the Sixty Three Lacs Eighty Five Thousand Six property is to be sold Hundred and One and Sixty Eight Paise Only) 6 Deposit of earnest money Item No.1: Rs 60,00,000/- being the 10% of Reserve price. Item No.2: Rs.1,80,00,000/- being 10% of Reserve Price. Item No.3: 5,48,00,000 /- being 10% of Reserve Price. EMD to be remitted by RTGS / NEFT to the Bank account or Demand Draft draw in favour of SBI, Stressed Assets Management Branch, Chennai (Oragadam City Developers Private Limited) drawn on any Nationalised or Scheduled Bank 3 7 Reserve price of the immovable Item No.1: 6,00,00,000/- secured assets: Item No.2: 18,00,00,000/- Item No.3: 54,80,00,000/- Bank account in which EMD to A/c No.: 30043981091 IFSC: SBIN0009930 be remitted. Bank : State Bank of India, Industrial Finance Branch, Address: Ground Floor, KRM Plaza, No.2, Harrington Road, Chetpet, Chennai-600 031 Last Date and Time within Time: 4:00 p.m. Date : 24.06.2019 which EMD to be remitted: 8 Time and manner of The successful bidder shall deposit 25% of sale payment price, after adjusting the EMD already paid, immediately, i.e. on the same day or not later than next working day, as the case may be, after the acceptance of the offer by the Authorised Officer, failing which the earnest money deposited by the bidder shall be forfeited. The Balance 75 % of the sale price is payable on or before the 15th day of confirmation of sale of the secured asset or such extended period as may be agreed upon in writing between the Secured Creditor and the e-Auction purchaser not exceeding three months from the date of eAuction. 9 Time and place of public Date :26.06.2019, Time: 60 Minutes eAuction or time after which sale by any other mode shall Item No.1 - 11.00 a.m to 12 noon with unlimited be completed. extensions of 5 Minutes each. Item No.2 - 12 Noon to 1.00 p.m with unlimited extensions of 5 Minutes each. Item No.3 - 2.00 p.m to 3.00 p.m with unlimited extensions of 5 Minutes each. 10 The e-Auction will be M/s.e-Procurement Technologies Ltd (ETL) at the conducted through the Bank’s web portal https://sbi.auctiontiger.net. approved service provider. e-Auction tender documents containing eAuction bid form, declaration etc., are available in the website of the service provider as mentioned above 11 (i) Bid increment amount: Item Nos. 1, 2 & 3 : Rs. 2,00,000/- Auto extension: (ii) Bid currency & unit of In Rupees measurement 12 Date and Time during which Date: 18.06.2019 inspection of the immovable Time: 11.00 a.m. to 3.00 p.m. secured assets to be sold and intending bidders should satisfy themselves about the assets and their specification. Contact person with mobile Name: V Balachander 4 number Mobile No. 9445003468 13 Other conditions (a) 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 as all the relevant information and allotment of ID and Password by M/s.e- Procurement Technologies Ltd may be conveyed through e mail. (b) The intending bidder should submit the evidence of EMD deposit like UTR number along with Request letter for participation in the e-Auction, self-attested copies of (i) Proof of Identification(KYC) Viz ID card/Driving Licence/Passport etc., (ii) Current Address -proof of communication, (iii) PAN card of the bidder (iv) Valid e-mail ID (v) Contact number (mobile/Land line of the bidder etc., to the Authorised Officer of State Bank of India, Stressed Assets Management Branch, “Red cross Buildings”, 32, Red Cross Road, Egmore, Chennai- 600 008 by 24.06.2019 (date) before 4.00 p.m (time).
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