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Mega E Auction Pertaining to ARB

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Mega E Auction Pertaining to ARB Asset Recovery Branch 1498-C, KVB Towers, 3rd Floor, Avinashi Road, Peelamedu, Coimbatore – 641004 E-mail: kvbl1890 @ kvbmail.com PH:8110996655 SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES & E-AUCTION ON 06.01.2021 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 9(1) of the Security Interest (Enforcement) Rules, 2002. Notice is hereby given to the public in general and in particular to the following Borrower (s) and Guarantor (s) availed credit facilities from The Karur Vysya Bank Limited Branches mentioned be- low, the repayment of which are secured by Mortgage of below mentioned properties as per the details given below. As the under mentioned borrowers / guarantors failed to make pay- ment despite the Demand Notice sent under SARFAESI Act-2002, the Authorized Officers of the Bank have taken Possession of the properties. As per Sec 13(4) of the Act, the Secured Creditor is entitled to sell the assets taken constructive possession of and realize the proceeds towards the outstanding balance. In accordance with the same, the Authorized Officers propose to sell the below mentioned securities by way of E-auction mode on 06.01.2021. The sale is made on “As is where is”, “As is what is”, and “Whatever there is” Condition. Sl.No.01 Coimbatore Ramanathapuram Branch - Name of Borrower/Guarantor: M/s Geetha Textiles, represented by the Sole-Prop. Mr P Kanagavel and the guarantor Mrs K Bathmavathi, W/o Mr P Kanagavel all are residing at 6/139-C Therkku Thottam, Selakkarichal, Sulur, Coimbatore-641658. Total outstanding as on 30.11.2020 is Rs.33,20,908.15 (Rupees Thirty three lakhs twenty thousand Nine hundred and eight and Paise fifteen only) with further interest, costs, other charges and expenses thereon. MORTGAGED ASSETS: All the part & parcel of the property situated in Coimbatore Registration District, Sulur Sub Registration District, Sulur Taluk, Selakaraichal Village, SF Nos. 125/3 – ac 0.86, SF No.129/4B – ac. 0.55 are having with the following boundaries & measurements. Item No 1 : SF No.125/3 – Patta No.86 Boundaries: North of 20 Links East West Common cart Track South of Well & P Manoharan's property East of P. Manoharan's 0.10 acres & common property of 0.02 acres West of Properties in SF No.126 part An extent of 0.77 acres. Item No 2 : SF No.125/3 – Patta No.86 Boundaries: North of 20 Links East West Common cart Track South of 0.10 acres of P. Manoharan's property East of 20 Links South North Common cart track West of Item No.1 property An extent of 0.02 acres in this ½ share ie 0.01 acre Item No 3 – SF No.125/3 – Patta No.86 Boundaries: North of Properties in SF No.125/4D part, 5A part South of Nataraj's property East of Nataraj's Property West of 20 Links South North Common cart track An extent of 0.05 acres. Item No 4 – SF No.125/3 – Patta No.86 An extent of 0.03 acres Item No 5 – SF No.129/4B Boundaries: North of Properties belongs to P.Manoharan & Nataraj South of Properties belongs to P.Manoharan East of Properties in SF No.129/4B belongs to Nataraj West of Properties in SF No.127 An extent of 0.55 acres. Admeasuring 1.41 acres of land with rights over the roads for for ingress & egress with usual pathway rights to use the roads & all other appurtenances attached thereto. Reserve Price– Rs.54,00,000/-; EMD: Rs.5,40,000/- ; Bid Multiplier : Rs1,00,000/- Asset Recovery Branch Contact No: 81109 96655 and Branch Manager Contact No: 96550 06801 Sl.No.2 Coimbatore Saravanampatti Main Branch - Name of Borrower/Guarantor: M/s.Procraft Engineering, Partnership firm, Registered address : 6 & 7, Amman Nagar, Saravanampatti, Coimbatore-641 035 and the partners and guarantors 1) Mr M Gokulakrishnan, S/o Muthusamy and 2) Mr R Muthusamy, S/o Rangasamy, both are residing at 2/53, Nanjiyampalayam, Palladam to Dharapuram Highways, (Erode to Dharapuram road pirivu signal) Adjacent to K.S.Bakery, Dharapuram – 638656. Total outstanding as on 07.12.2020 is Rs.31,53,066/- (Rupees Thirty one lakhs fifty three thousands and sixty six only) with further interest, costs, other charges and expenses thereon. Mortgage Assets: In Tirupur Registration District, Dharapuram Sub-Registration District, Dharapuram Taluk & Town, Nanjiyampalayam Village, Old T.S.No.53, New T.S.No.5/1A1A1, Ward No.4, Block No.2 with total extent of 4392 sq.ft. bounded on the East : T.S.No. 50/1 West : Mariyappa aasari's land North : T.S No. 51,52 and stream South : Ragamathula's land in t.s.no. 53 Within these boundaries 1.45 Acres of Vacant land, In this East : Subramaniam's land West : Indirani's land North : Stream South : 19 feet common pathway In the midst admeasured as In the East, south-north 83 feet, In the West, south-north 76 feet, In the South, east-west 55 ¼ feet, In the North, east-west 38 ¼ feet, In all to the tune of 4392 Sq Ft with the right to use 19 Feet East-West pathway and 5 feet pathways and all mamool pathways an easementary rights thereon. Reserve Price– Rs.60,00,000/-; EMD: Rs.6,00,000/- ; Bid Multiplier : Rs1,00,000/- Asset Recovery Branch Contact No: 81109 96655 & Branch Manager Contact No: 84899 38523 Sl.No.3 Coonoor Branch - Name of Borrower/Guarantor: M/s Poly Q Enterprises, Partnership Firm, ii) Mr Subramanian.V, S/o.Mr.Venkatesan, Partner, and iii) Mrs.Malathi Subramanian, W/o.Mr.Subramanian.V, Partner all are residing at 10/324 G-6, Balaji Nagar, Jagathala Road, Aravankadu, Nilgiris.643202 Total outstanding as on 06.12.2020 is Rs.89,87,624.23 (Rupees Eighty seven lakhs seventy thousand eight hundred ten and Paise twenty three only) with further interest, costs, other charges and expenses thereon. Mortgage Assets: Property in the name of Mr.Subramanian and Mrs.Malathi Subramanian Land Measuring 0.03 acre and Residential Building measuring 1440 sq.ft in Old Survey No: 146/5A1, New survey No.110/5 , Patta No.981, Door No.10/324 G-6, Assessment No.4713, at Jagathala Village/panchayath, Kothagiri Taluk, Nilgiris (Balaji Nagar, Jagathala Road) standing in the name of Mr.Subramanian.V and Mrs.Malathi Subramanian. North: Land belonging to H.Rangan South: Property Owned by M/s.Poly Q Enterprises East: Jagathala – Karakorai road West: Survey No: 146/5A1 part Reserve Price– Rs.47,00,000/-; EMD: Rs.4,70,000/- ; Bid Multiplier : Rs1,00,000/- Asset Recovery Branch Contact No: 81109 96655 & Branch Manager Contact No: 96262 48407 Note: The Schedule of mentioned property is also charged to Karur Vysya Bank- Coonoor Branch in Housing loan & Personal loan to Mrs. Malathi Subramanian & Mr. Subramanian. (1123.731.2222 & 1123.753.475) Sl.No : 4 Palladam Branch - Name of Borrower/Guarantor: M/s Sree Kamalam Mills, represented by its Sole-Proprietor Mr.S.P.Sivakumar having office at 3/27, Sukkampalayam, Palladam–641664 and the guarantor Mr.P.Rajkumar, S/o Ponnusamy, 127 JKJ Colony,Manikamuram Road, Palladam - 641664. Total outstanding as on 30.11.2020 is Rs.58,54,854.50 (Rupees Fifty Eight lakhs fifty four thousand eight hundred fifty four and Paise fifty only) with further interest, costs, other charges and expenses thereon. Mortgage Assets: In Tirupur Registration District, Palladam Sub Registration District, Palladam Taluk, Sukkampalayam Village S.F.Nos.321/1, 322/1, 325/1. Boundaries and Measurements as follows: Item No.1 – S.F. No.321/1 – 1.98 Acres Item No.2 – S.F. No.322/1 – 3.02 Acres Item No.3 – S.F. No.325/1 – In this total extent of 4.81 ac. In this Northern side 0.25 Acres Boundaries :- North of Properties belonging to Sathyaseelan South of Properties in S.F. Nos. 322/1 (item no.2) & 329 East of 0.18 ac. of Common pathway belong to B.Palanisamy, S.P.Sivakumar and P.Sathyaseelan. West of properties belongs to Sathyaseelan Item No.4 – S.F. No.325/1 – 0.04 Acres North of Properties belonging to Mr.B.Palanisamy in SF No.325/1 South of Properties belongs to Sathyaseelan in SF No.325/1 East of lands in SF No.327 and Properties belonging to Mr.B.Palanisamy in SF No.325/1 West of properties in S.F.No.325/3 In this an extent of common 1/3rd share in 0.12 acres Item No.4 – S.F. No.325/1 – 0.06 Acres North of East West Common pathway measuring 0.12 acres South of Properties in S.F.No 329 East of B.Palanisamy's property West of P.Sathyaseelan's property and other property In this an extent of common 1/3rd share in common pathway measuring 0.18 acres. Admeasuring 5.35 acres with all other appurtenances attached thereto. (Details as per Document no : 1859 / 2006 dated 20.02.2006) Latitude & Longitude: 11.016477,77.247947 Reserve Price– Rs.1,35,00,000/-; EMD: Rs.13,50,000/- ; Bid Multiplier : Rs1,00,000/- Asset Recovery Branch Contact No: 81109 96655 & Branch Manager Contact No: 96262 48409 Sl.No : 5 Pattanam Branch - Name of Borrower/Guarantor: M/s. Sri Sai Ram Packaging, represented by Mr.M.Uthayakumar, Sole-Proprietor, 7/238, Nagamanaickenpalayam, Pattanam, Coimbatore – 641016 and the guarantor Mrs. U.Radhamani, W/o.Mr.M.
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