N Bank

Regional Office:

TENDER AI]CTION SA NOTICE

WHEREAS the Authorized Officer of the Bank (hereinafter referred as AO) had issued Demand Notice dated 08.10.2018 to (1) IWs.Sea Tracks Exports & Imports, Represented by its Partners, SF No.118/2C, Sathy Road, Opp.Bharath Petrol Bunk, Coimbatore - 641006, (2) Mr.G.Saravanan, S/o S.R.Gothandaraman, B 1B Martin Residency, 5 ' Street Sridevi Nagar, Ganapathy, Coimbatore - 641006, Also at , J 304, Airforce Naval Housing Enclave, Texttool Feeder Road,

Athipalayam Pirivu, Ganapathy, Coimbatore-641006, (3) Mr.R.Markanadan, S/o N.Ramasamy, A-3A Martin Residency, Sri Devi Nagar, Ganapathy, Coimbatore - 641006, (4) Mrs.R.Jeyaprabha, Wo Murali Vellaichamy,3l676F, Sathya Colony, 2nd Street Extension, Uthukulli Road, Tirupur- 64160l, (5) Mr.Murali Vellaichamy, 31676 F, Sathya Colony, 2nd Street Extension, Uthukulli Road, Tirupur - 641601 under section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. 2002 (hereinafter referred to as 'The Act') and has taken possession of the immovable properties, more fully described in the schedule hereunder under Section 13(a) of the Act read with Rule 8 of the Security Interest (Enforcement) Rules, 2002 on 04.03.2019.

AND WHEREAS, the borrower have failed to pay the amount in full, Notice is hereby given that the immovable property more fully described in the Schedule hereunder will be sold by way oftender cum auction on "as is where is" basis and

Contd .... Page No. 2

The South Indian Bank Ltd. Regiollal Oflice, P.B.No.3868, Trichy Road, r Sungam, Coimbatore-l8,

' ', Website: southindianbank.com -'EU'iSoutIIndianBankLtd,,Regd.Office.SIBHouse,T.B.Road,MissiollQuarters,Thdssur,Kerala-680oo1 Teli +9,1-487 -242OO2O Fax: +91-487 -244202l Email: sibcon)orate{isib-lqiil] CIN: 1,65191KL1929PLCOo1017, Website ivww.sou!hrndiiulbank.com" ETTINTJETiII

Regional Office: Coimbatore

2 "as is what is" condition, on the date and at the place mentioned herein below for realization of a sum of Rs.2,88,87,639/-(Rupees Two Crore Eighty Eight Lakhs Eighty Seven Thousand Six Hundred and Thirty Nine Only) as on 16.11.2020 with further interest and costs, subject to the following terms and conditions: -

Name of Property Mr.G Saravanan, Mr. R Markandan and M/s Sea Owner Tracks Exports and Imports Description of property All that part and parcel of land admeasuring 3.87 acres with buildings in S.F No.32711 along with all improvements and usufructs thereon and with mamool rights of way and easementary rights thereon in Vadavalli Village, Taluk, Sulur Sub Registration District, , Tamil Nadu, more fully described in the Sale deed No.1227412016,Sa1e deed No 11066/20l4.Sale deed No 11126/2014 of Sulur SRO comprising the following extcnts:-

a) Coimbatore Registration District, Sulur Sub Registration District, Sulur Taluk, in vadavalli Village in S.F.No.327i 1, an extent of hectare 2.20.0, in this land, having the following boundaries and measurements as follows,

North of: Property belonging to Textool Company West of: Property belonging to Textool Company South of: Coimbatore to Udumalpet road East of: Property belonging to Raja Steel P Ltd

Contd...page no,3

The South Indian Bank Ltd. Regional Omce, P.B.No.3868, Trichy Road, Sungam, Coimbatore-18, Tamil Nadu Email: [email protected],i\, Tel. 0422-2303694, 2302398, Fax -23036I8 Website: southind mbank.com The South Indian Bank Ltd., Regd. Ofiice. SIB House, T.B. Road, Mission Quarters, Thrissur, Kerala - 680 00I +91-487-242OO2O Faxt +91-487-2442O21EmaiI: sDrerp!&t@!D.eai! CIN: L65191KL1929Pt4001017, website: www.sout_!U!dj?nb@k49!1' DTTrNriTltilk

Regional Office: Coimbatore

.,

within this, an extent of 1.56.5 hectares (3.87 acres) of land. In this, a common share of 0.95 acres (0.38.5 Hectares) together with mamool pathway and cart track rights and appurtenances attached thereto.

The above land r.vithin the limits of Sulthanpet Union and Vadavalli panchayath

b) Coimbatore Registration District, Sulur Sub Registration District, Sulur Taluk, in vadavalli Village in S.F.No.327l1, an extent of hectare 2.20.0, in this land,having the following boundaries and measurements as follows,

North ofl Property belonging to Textool Company West of: Property belonging to Textool Company South of: Coimbatore to Udumalpet road East of: Property belonging to Raja Steel P Ltd

within this, an extent of 1.56.5 hectares (3.87 acres)of land . In this, a common 1.00 acre (0.40.5 Hectares) of land together with mamool pathway and cart track rights and appurtenances attached thereto.

The above land within the limits of Sulthanpet Union and Vadavalli panchayat.

c) Coimbatore Registration District, Sulur Sub Registration District, Sulur Taluk, in vadavalli Village in S.F.No.327l1, an extent of hectare 2.20.0, in this land, having the following boundaries and measurements as follows,

Contd...page no.4

. The South Indian Bank Ltd. Regio[al OIIice, P.B.No.3868, Trichy Road, Sungam, Coimbatore-18, Tamil Nadu Email: ro [email protected], Tel. 0422-2303694, 2302398, Fax -2303618 .i r Website: southindianbank.com \t ?.\ ,, "The South lndian Bank Ltd., Regd. Omce. SIB House, T.B. Road, Mission Quarters, 'I'hrissur, Kerala - 680 00I ../,_-* -::.rtq/+91-487-242OO2O Farc +91-487-2442021Emai|: [email protected]]D CIN: I-65191KL1929PLC001017, website: '\-'.',,r;, ..)--.a www. southtldiaruaaI{sqr" Bank

Regional Office: Coimbatore

4

North of Property belonging to Textool Company West of: Property belonging to Textool Company South of Coimbatore to Udumalpet road East of: Property belonging to Raja Steel p Ltd

within this, an extent of 1.56.5 Hectares (3.87 acres) of land. In this, common 0.95 acres (0.38.5 Hectares) of vacant land together with pathway and cart track rights and appurtenances attached thereto.

The above land within the limits of Sulthanpet Union and Vadavalli panchayat.

d) Coimbatore Registration District, Sulur Sub Registration District, Sulur Taluk, in vadavalli Village in S.F.No.327l1, an extent of hectare 2.20.0, in this land, having the following boundaries and measurements as follows,

North of: Property belonging to Textool Company West of: Property belonging to Textool Company South of: Coimbatore to Udumalpet road East of: Property belonging to Raja Steel P Ltd

within this, an extent of 1.56.5 Hectares (3.87 acres) of land, In this a common 0.97 acres (0.39.0 Hectare ) of land together with mamool pathway and cart track rights.

The above land within the limits of Sulthanpet Union and Vadavalli ath.

Contd..,page no.5

The South Indian Ltd. Regiona-l OlTice, P.B.No. Trichy Road, Suntam, Coimbatore-18, Tamil Nadu E nail: rol [email protected], Tel. 0422-2303694, 2302398, Fax -2303618 Website: southindianbank.com i.':,,(...;-- -r\ ;.': a: Souti rndian Bank Ltd., Regd. Ofice. SIB House, T.B. Road, Mission Thdssur, Kerala -71r:!-_./ \fl Quarterc, - 680 OOt '\ ,'Ibjr'1g1-487 -242OO2O Faxl +91-487 -2442o2lBmail: sibcorporatcar)sib.co.in CIN: L65191KL1929PLCO01017, Website: rru{Eg-ulbildia4taJr!{a!1 t-IENf:-Efiill

Regional Office: Coimbatore

5

Reserve Price Rs. l,l I ,45,000/- (Rupees One Crore Eleven Lakhs Forty Five Thousand Only) Eamest Money Deposit Rs.11,14,500/- (Rupees Eleven Lakhs Fourteen (EMD) Thousand and Five Hundred Only)

Date and Place of Sale 28.12.2020 at 72.30 pm at The South Indian Bank Ltd, Regional office, Sungam, Trichy Road, Coimbatore-641018.

oNs

1) The property will be sold on "as is where is" basis and "as is what is" condition and the Bank is not responsible for title, condition oi any other fact affecting the property. The particulars fumished regarding the secured

asset is stated to the best of information of the Bank and the Bank will not be answerable for any error, misstatement or omission.

2) The proposed Tenderers shall read and understand the terms and conditions

mentioned in the Tender Sale Notice which is published by the Bank in its Website/ at Coimbatore R S Puram Branch and at Coimbatore Regional Office and also visit the scheduled property and satisS as to its area, boundaries, ownership, title, encumbrance, statutory approvals, measurements etc.The Bank shall not entertain any dispute regarding the

Tender process or the scheduled property after participating in the sale.

Contd...page no,6 The South Indian Bank Ltd, P.B.No.386a, Trichy Road, Sungam, Coimbatore_ 18, Tamil Nadu Email: ro [email protected] ,i^, "1e1. 0422-2303694,2302398, Fax -2303618 Website: southindianbanl.com The South Indian Bank Ltd., Retd. OrEce. SIB House, T B. Road, Mission Quarters, Thrissur, Kerala - 680 00I .te* +gl-487 -242OO2O Faj,x +91-487 -2442021Email: sibcorpo.atdAsib.co.in CIN: 165191KL1929Pt4001017, Website www. southilrdian bank. con]" o Banl<

Regional Office: Coimbatore

6 3) Interested renderers shall produce a copy of any valid photo identity/

address proof. In case, the Tenderer is participating on authorization, he should produce the ID proof of himself and the Tenderer. 4) EMD shall be paid by way of Demand Draft drawn in favour of ,,The Authorised Officer, The South Indian Bank Ltd.,, payable at Coimbatore. All other amounts payable regarding the sale shall be paid by way of RTGS /DD drawn in favour of "The Authorised Ofiicer, The South Indian Bank Ltd." payable at Coimbatore.

5) Interested Tenderers shall submit Dernand Draft lbr the EMD at The South

Indian Bank Ltd Regional Office, Coimbatore along with the Tender in a sealed cover before I1.30 AM on28.12.2020

6) The Right of entry to the place of sale will be restricted to the Tenderers

who have submitted the Tender letter and EMD in a sealed cover within the stipulated time or within such time as ma1, be decided by the Authorised offlrcer at his sole discretion. 7) The Authorised Officer has got right to cancel/ pospone the Auction without assigning any reason whatsoever. Further, the Authorised Officer shall have the discretion to accept, reject or retum any or all the Tenders already submitted and the Bank will not entertain any claim or representation in that regaxd from the Tenderers.

8) The Sealed Tenders will be opened by the Authorised Officer on

28.12.2020 at 12.30 PM. Any tender received quoting a price below the

Contd...page no.7

The South Indian Bank Ltd. Regional Omce, P.E}.No.3868, Trichy Road, Sungam, Coimbatore-18, Tamil Nadu Email: ro 1002@sib. co .tn, Tel. 0422-2303694, 2302398, Fax -2303618 Website: southindiarrbank.com ,..'.- ' '- ilribsquth Indian Bank Ltd,, Regd. OIfice. SIB House, T.B. Road, Mission Quarters, Thrissur, Kerala - 680 O01 .,.," TeL*iy'87 -242oo2o Faxl +91-487 -2442o21Er,'ail: sibcorporated/)sib.co.in CIN: t 65191KL1929PLC001017, website: - www.southindianbsnk.conl" Bank

Regional Offi ce: Coimbatore

7 reserve price will be rejected outright.

9) After opening the tenders, the Tenderers who are present may be given an

opportunity at the discretion of the Authorised Officer to have inter se bidding among themselves to enhance their offer price

10.) The Successful Tenderer should pay 25 Yo of the bid amount (less EMD) immediately on receipt of bid acceptance letter in his favour or not later

than the next working day after the date of Tender cum Auction Sale and

the balance 7 5%o amowt within 15 days of the sale, failing which the entire amount paid by the Tenderer shall be forfeited by the Authorised Officer,

without any notice and the sale will be cancelled and the property will be

brought to sale again. However, in desirable cases the time may be extended at the sole discretion of the Secured Creditor.

I l) The sale is subject to confirmation by the Authorised Officer, who shall

have right to cancel the sale also notwithstanding that the successful

Tenderer has remitted the 25Yo of Sale amount. Further. the sale is also subj ect to confirmation by the Secured Creditor.

12) On the sale being confirmed and on receipt of the entire sale proceeds by

the Authorised Offrcer, the successful Tenderer will be issued with a Sale Certificate as per the terms and conditions of the Bank and the SARFAESI Act. The successful Tenderer should pay all the existing dues etc., to the Govemment/ Local Authorities including charges/ fees payable for

registration of sale certificate such as registration Fees, Stamp Duty etc., as

applicable as per law.

Contd..,page no,8 i. The South lndian Benk Ltd. ce, P.I}.No.3868, y Road, Sungam, Coinbatore- 18, Tamil Nadu Email: ro [email protected],'fel. 0422-2303694, 2302398, Fax -2303618 I website: southindianbank.com South Indian Bank Ltd., Regd. Ofiice. SIB House, T.B. Road, Missioh Quarters,'Ih ssur, Kemla- 680 001 l-487-242OO2O Far<: +91-487-2442o2lEnai1: Silea!IDrq!4i!1!.qq!! CIN: L65191KL1929PLC001017, Website: wl,rvr.southiodianbaok.com" Banl< Regional Office: Coimbatore

8

13)The Authorised Officer or Bank will not be held responsible for any charge, lien, encumbrance, property tax or any dues to the Government or anybody in respect of the properties under sale. 14)The successful Tenderer shall pay all Taxes/ Electricity/ water/ Sewerage Charges or any other charges demanded by a.,y authority after the

acceptance of the bid, even if it pertains to previous periods'

15)The Successful Tenderer shall, at his cost, get the Electricity/ water/

Sewarage connection etc. and any other common services transferred in his

name. the 16) The Authorized officer has obtained ECl search report regarding property from 01.01.2015 to 03.09'2020 and it contains no encumbrance'

intended 17) For any further information and for inspection of property' the South Indian Bank Tenderers may contact the Authorised Offrcer or The Ltd. Coimbatore R S Puram Branch during working hours'

o

AUTH Date :17.11.2020 (CHIEF MAN Place :Coimbatore

P.B.No , Trichy Road, The Indian Bank Regronal Offlce , Sungam, Coidbatore- 18, Tarnil Nadu , Fax -2303618 Email: ro1002@sib,co in' Tel. 0422-2303694 ,2302394 Website: southil,ldianbank.com Thrissur, Kerala - 680 001 T ri, House, T,B. Road' Mission Quart-ers , South lndian Bank Ltd , Regd Office . SIB 1017, Website: sil-riorooratg,r-sit co in CIN: l'651 s1KL1929Pl,c00 'le| +91-487'242 OO2O Faxt +91-487 -244202 iimail: w vseqlhrrdi4baaLeo! "