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STRESSED ASSET MANAGEMENT VERTICAL “Jeevan Sampige” [LIC Building}, 1/1, Ground Floor, 2Nd Main Road, Near Mantri Mall, Malleshwaram, Bengaluru – 560 003

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STRESSED ASSET MANAGEMENT VERTICAL “Jeevan Sampige” [LIC Building}, 1/1, Ground Floor, 2Nd Main Road, Near Mantri Mall, Malleshwaram, Bengaluru – 560 003 STRESSED ASSET MANAGEMENT VERTICAL “Jeevan Sampige” [LIC Building}, 1/1, Ground floor, 2nd Main Road, Near Mantri Mall, Malleshwaram, Bengaluru – 560 003 By Regd Post AD & Courier To: Borrower M/s Yojaka (India) Pvt. Ltd. Door No.3/28/43, II Floor, ABCO Trade Center, NH 66, Kottara Chowki, Mangaluru -575006 Guarantors: 1. Mr. Jagadish Boloor S/o Gopalakrishna Boloor Flat no.1006, Abhiman Palace, Near Canara High School, Urwa, Mannagudda, Mangaluru -575 003 2. Mr. B Vinay Kumar, S/o Babu Salian Door No. 6-19-854/1, Flat no.601, Matadakhani Enclave, Matadakhani Cross Road Gandhinagar, Boloor, Mangaluru -575 003 3. Mr. Devadas Boloor S/o Krishnapaa Bangera Door No.6-1-24/3, Flat no. 103, Tara apartments, 8th Coss, Gandhinagar Mannagudda, Mangaluru -575 003 4. Mrs. Bharathi Jagadish W/o Jagadish Boloor Flat no. 1006, Abhiman Palace, Near Canara High School, Urwa Mannagudda, Mangaluru -575 003 5. Mrs. Shashikala Vinay Kumar W/o B Vinay Kumar Door No. 6-19-854/1, Flat no.601, Matadakhani Enclave, Matadakhani Cross Road Gandhinagar, Boloor, Mangaluru -575 003 6. Mrs. Rumavathi K Mendon, W/o Mr.Keshava Mendon Thami House, Iddya Village, Surathkal, Mangaluru – 575 014 Dear Sir/Madam, Sub: Notice of 15 days for sale of immovable secured assets under Rule 8 of the Security Interest (Enforcement) Rules, 2002. 1. Union Bank of India, e-Corporation Bank, P.B. No.42, Paradigm Plaza, Near AB Shetty Circle Pandeshwar, Mangalore-575001 (Presently operating from SAMV Branch, , “Jeevan Sampige” [LIC Building}, 1/1, Ground floor, 2nd Main Road, Near Mantri Mall, Malleshwaram, Bengaluru 560 003) , the secured creditor, caused a demand notice dated 31.03.2017 under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the Authorised Officer, has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002. Possession notice dated 18.09.2017 issued by the Authorised Officer, as per appendix IV to the Security Interest (Enforcement)) Rules, 2002 was delivered to you and the same was also affixed to the properties mortgaged with the Secured Creditor, apart from publication of the same in newspapers. Please note that as per the said demand notice you were informed about your right to redeem the property within the time available under Section 13(8) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, which you have failed to honour. 2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession by the Authorised officer, will be sold by holding public E-auction on 18.03.2021 –11.00 am to 2 p.m.by inviting Bids from the public through online mode on www.mstcecommerce.com 3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will be conducted through E-Auction mode on the date and time mentioned in the enclosed terms of sale. Yours faithfully, Place : Bangalore Date : 26.02.2021 AUTHORISED OFFICER FOR UNION BANK OF INDIA Encl: Terms of sale TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS: 1. Name and address of the Borrower and Borrower Guarantor M/s Yojaka (India) Pvt. Ltd. Door No.3/28/43, II Floor, ABCO Trade Center, NH 66, Kottara Chowki, Mangaluru-575006 Guarantors: 1. Mr. Jagadish Boloor S/o Gopalakrishna Boloor Flat no.1006, Abhiman Palace, Near Canara High School, Urwa, Mannagudda, Mangaluru -575 003 2. Mr. B Vinay Kumar, S/o Babu Salian Door No. 6-19-854/1, Flat no.601, Matadakhani Enclave, Matadakhani Cross Road Gandhinagar, Boloor, Mangaluru -575 003 3. Mr. Devadas Boloor S/o Krishnapaa Bangera Door No.6-1-24/3, Flat no. 103, Tara apartments, 8th Coss, Gandhinagar Mannagudda, Mangaluru -575 003 4. Mrs. Bharathi Jagadish W/o Jagadish Boloor Flat no. 1006, Abhiman Palace, Near Canara High School, Urwa Mannagudda, Mangaluru -575 003 5. Mrs. Shashikala Vinay Kumar W/o B Vinay Kumar Door No. 6-19-854/1, Flat no.601, Matadakhani Enclave, Matadakhani Cross Road Gandhinagar, Boloor, Mangaluru -575 003 6. Mrs. Rumavathi K Mendon, W/o Mr.Keshava Mendon Thami House, Iddya Village, Surathkal, Mangaluru – 575 014 2. Name and address of the Secured Union Bank of India (e-Corporation Bank), Creditor : P.B. No.42, Paradigm Plaza, Near AB Shetty Circle Pandeshwar, Mangalore-575001 (Presently operating from SAMV Branch, “Jeevan Sampige” [LIC Building}, 1/1, Ground floor, 2nd Main Road, Near Mantri Mall, Malleshwaram, Bengaluru 560 003) 3. Description of immovable secured assets to be Sold Item No.1: All that piece and parcel of Non-agricultural converted immovable property situated at Bangra Kulur Village, Mangalore taluk within Mangalore city corporation limits, DK district and comprised in survey No. 42-1(as per RTC 42-1P3), Kissam: converted, Extent 0.245 acres Western portion together with all easement appurtenant thereto owned by M/s Yojaka(India) Pvt. Ltd. and bounded as under: East & West: Portion of same Survey No. North: Pathway South: S.D Line Date & Time of E-Auction: 18.03.2021 –11.00 am to 2 p.m Reserve Price Rs.34,30,000/-Earnest money to be deposited Rs 3,43,000/- Item No.2: All that piece and parcel of Non-agricultural converted immovable property situated at Bangra, Kulur Village, Mangalore taluk within Mangalore city corporation limits, DK District and comprised in Survey No. 42-1(as per RTC 42-1P2), Kissam: converted, Extent 0.245 acres Eastern portion together with all easements appurtenant thereto owned by M/s Yojaka (India) Pvt. Ltd. and bounded as under: East & West: portion of the same Survey No. North: Pathway South: S.D Line Date & Time of E-Auction: 18.03.2021 –11.00 am to 2 p.m. Reserve Price Rs.34,30,000/-Earnest money to be deposited Rs 3,43,000/- Item No 3: All that part and parcel of Non-agricultural converted immovable property situated at Bangra kulur Village, Mangalore taluk within Mangalore city corporation limits, DK District and comprises in Survey No. 42-7B (as per RTC 42-7P2), Kissam: converted, Extent 0.05 acres together with all improvement and easements appurtenant thereto owned by M/s Yojaka (India) Pvt. Ltd. and bounded as under: South & East: Portion of same Sub-division West: Survey Line and 3’ wide pathway North: Survey Line Date & Time of E-Auction: 18.03.2021 –11.00 am to 2 p.m. Reserve Price Rs.7,00,000/- Earnest money to be deposited Rs. 70,000/- Item No 4: All that part and parcel of Non-agricultural converted immovable property situated at Bangra, Kulur Village, Mangalore taluk within Mangalore city corporation limits, DK District and comprised in Survey No. 37-2P1, Kissam: converted, Extent 0.67 acres Western portion together with all easements appurtenant thereto owned by M/s Yojaka(India) Pvt. Ltd. and bounded as under: North & West: Survey Line South: Survey Line and water channel East: Portion of same survey No. Date & Time of E-Auction: 18.03.2021 –11.00 am to 2 p.m. Reserve Price Rs1,21,00,000/- Earnest money to be deposited Rs12,10,000/- Item No 5: All that part and parcel of residential apartment No.503 bearing corporation Door No.6-19-855/27 measuring 1309.78 Sq. Ft. and situated at 5th floor of the muilti-storied apartment building known as Sheshkamal apartments alongwith proportionate rights in common areas and facilities and undivided 3.11% interest in the Non-agricultural converted immovable property held on warg right and situated at Boloor village, Matadakani ward of Mangalore city and within Mangalore city corporation Limits, DK District owned by Sri. B Vinay Kumar Comprised in: R.S. No. T.S. No. Extent in A.C. 107 681-2 0.08 106 680-2 0.28 The above property contain the multi-storeyed apartment building known as Sheshakamal Apartment comprised in Boundaries: North: T.S. No. 675 South: Matadakani Cross Road East: T.S. No. 680-3 & 681-3 West: T.S. No 680-1 &681-1 Date & Time of E-Auction: 18.03.2021 –11.00 am to 2 p.m. Reserve Price Rs.47,00,000/- Earnest money to be deposited Rs4,70,000/- 4.The details of encumbrances, if any NIL known to the Secured Creditor 5. Last date for submission of EMD On or before the commencement of eAuction. 6. Date & Time of auction 18.03.2021 - 11.00 am to 2.00 pm (with 10 min unlimited auto extensions) E auction website - https:// www.mstcecommerce.com Increment value – Rs.1,00,000/- & such multiples 7.The secured debt for the recovery of Rs. 304,33,97,938/- as on 31.01.2021 with future which the immovable secured asset is to interest, cost and expenses there on. be sold: 8.1 Reserve price for the properties Item No.1 - Rs. 34,30,000/- below which the immovable property may not be sold: Item No.2 - Rs.34,30,000/- Item No. 3 - Rs.7,00,000/- Item No. 4 - Rs.1,21,00,000/- Item No. 5 - Rs.47,00,000/- 8.2 EMD Payable 10% of reserve price 9.
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