THE TAMILNADU INDUSTRIAL INVESTMENTCORPORATION LIMITED

(Government of Tamilnadu Undertaking)

C.S Sengottiah Complex, IInd Floor, 23, Colony 80 Feet Road Periyar Nagar –638001 Phone: 0424 – 2262080, 2241107 Mail: [email protected] Web: www.tiic.org

E-Auction Sale Notice

The Assets of the following concern(s) taken possession under Section 29 of State Financial Corporations Act 1951 will be sold by Tender cum Public Auction in “AS IS WHERE IS” condition by our branch as given below:

Borrower(s) / Amount due Description of the property Upset Earnest Minimu Guarantor(s) Rs. (Interest Price Money m charged upto (Rs. Deposit Increme 30.06.2020) In (EMD) ntal lakhs) (Rs. In Amount lakhs) (Rs.) Primary Security: M/s.Ranga Woollen Land measuring 11216 1/2 Sq.ft Spinners Rs. at S.F.No:362/5, Natham S.F.No:362/5, 25,77,01,433.30/-

Vellakoil Village S.F.No:362/7, Muthur Road, Muthur Road 77.73 5.00 10,000 /- Vellakoil Village, Kangayam Vellakoil Taluk Taluk, and District factory building:

Main building RCC 1512 Sq.ft.,

Security Office RCC 296 Sq.ft., Godown-I ACC Sheet 3072 Sq.ft, Godown-II ACC Sheet 2500 Sq.ft., Light sheet roof open verandah ACC 1138 Sq.ft. Owned by Tmt.S.Ilangodi Date of inspection of property Last date for submission of Bid form, Date / time of Auction KYC documents & payment of EMD Date:12.01.2021 Date: 19.01.2021 Date :22.01.2021 Between 11.00 am to 5.00pm Time: Before 4.00 pm Time : From 11.00 am to 12.00 pm

Terms and conditions of e-Auction sales

1. Date of inspection of the property is 12.01.2021 from 11.00 am to 5.00 pm and the last date of Earnest Money Deposit (EMD) shall be 19.01.2021 by 4.00 pm.

2. The sale / auction will be conducted on 22.01.2021 from 11.00 am by the undersigned through e-Auction platform www.bankeauctions.com

3. Extension of time of the e-Auction from the last bid is 5 minutes each and the extension is unlimited times (if bid received in the last 5 minutes).

4. Further interest will be charged as applicable, as per the loan agreement on the amount outstanding and incidental expenses, costs, etc. is due and payable till its realization.

5. The bid amount should be more than upset price.

6. EMD shall be payable through DD in favour of the TIIC ltd., payable at Erode and shall be submitted at Erode branch office. The interested bidders shall submit the EMD along with the bid participation form / KYC Documents etc, before the date and time specified above.

7. The bidders are advised to go through the detailed terms and conditions of e- Auction available in the website www.bankeauctions.com before submitting their bids and taking part in the e-Auction.

8. The prospective qualified bidders may avail online training on e-Auction from ‘M/s C1 Private Ltd.’,prior to the date of e-auction and can contact through address Plot No.301, 1st Floor, Udyog Vihar Phase 2, Gurgaon, Haryana – 122 015, India Phone No.7418281709, [email protected] Neither the authorized officer / TIIC Ltd., nor ‘M/s C1 India Private Ltd.,’shall be liable for any internet network problem and the interested bidders to ensure that they are technically well equipped for participating in the e-auction event.

9. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of the unsuccessful bidders shall be refunded. EMD shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price, adjusting the EMD already paid before the close of the office hours of the next working day after the conclusion of the e- Auction. The balance 75% of the sale price shall be paid on or before 30th day of sale confirmation or within such extended period as agreed upon in writing by and sale at the discretion of the TIIC Ltd., In case of default in payment by the successful bidder, the amount already deposited by the offer shall be liable to be forfeited and the property shall be put to re-auction and the defaulting borrower / bidder shall have no claim / right in respect of the mount / property.

10. The TIIC Ltd., is not responsible for any liabilities upon the property which is not in the knowledge of the TIIC Ltd.,

11. Every bidder of the e-Auction shall submit the attested copies of KYC Documents consisting of a) PAN Card, b) Address proof, c) ID Proof Original documents shall be produced for verification for further details Contact the Branch Manager, Erode.

Branch Manager Date :17.12.2020 TIIC Ltd., Erode Place : Erode