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KOTAK MAHINDRA BANK LIMITED APPENDIX-IV-A Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai-400051

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KOTAK MAHINDRA BANK LIMITED APPENDIX-IV-A Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai-400051 KOTAK MAHINDRA BANK LIMITED APPENDIX-IV-A Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai-400051. [REFER PROVISO CIN No.L65110MH1985PLC038137. Branch Office: Kotak House, 22, M.G.Road, Bangalore-560001. TO RULE 8(6)] AUCTION CUM SALE NOTICE Auction Cum Sale Notice for sale of Immovable Assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 6(2) &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 Properties/ Property mortgaged/ charged to the Secured Creditor, the Symbolic/ Physical Possession of which has been taken by the Authorised Officer of Kotak Mahindra Bank Limited, (Secured Creditor/ Kotak Mahindra Bank Limited) will be Sold on "AS IS WHERE IS", AS IS WHAT IS" and "WHATEVER THERE" is on 30.07.2021 for recovery of Bank dues of Rs.3,68,72,212.24/- (Rupees: Three Crore Sixty Eight Lakh Seventy Two Thousand Two Hundred Twelve and Paisa Twenty Four Only) due as on 12-01-2021 and payable to the Secured Creditor in addition to Interest, Costs and charges at contractual rate to the Secured Creditor from 13-01-2021 by (1) Mrs. M. Palaniyammal, W/o. M. Madhaiyan, SF.No:94/2A1, Denkanikottai Town Panchayat, HOSUR, Denkanikottai Town and Taluk, Krishnagiri District, Tamilnadu-635107. Also at: Mrs. M. Palaniyammal, W/o. M. Madhaiyan, 66/2 Kithavayth, Theru Hosur Main Road, Denakanikottai Hosur-635107. Also at: Mrs. M. Palaniyammal, W/o. M. Madhaiyan, 51/4, By Pass Road, Denakanikottai Town and Taluk, Krishna Giri District-635107 (Borrower). (2) M/s. Saravana Electronics (Through its Proprietor Mr. M.Madhaiyan), SF.No:94/2A1, Denkanikottai Town Panchayat, Hosur, Denkanikottai Town and Taluk, Krishnagiri District, Tamilnadu-635107. Also at: M/s. Saravana Electronics (Through its Proprietor Mr. M. Madhaiyan), 66/2, Kithavayth, TheruHosur Main Road, Denakanikottai, Hosur-635107. (3) Mr. M. Madhaiyan, S/o. Mr. Marimuthu, SF.No:94/2A1, Denkanikottai Town Panchayat, Hosur, Denkanikottai Town and Taluk, Krishnagiri District-635107. Also at: Mr. M. Madhaiyan, S/o. Mr. Marimuthu, 66/2, Kithavayth, Theru Hosur Main Road, Denakanikottai Hosur-635107. Also at: Mr. M. Madhaiyan, S/o. Mr. Marimuthu, 51/4, By Pass Road, Denakanikottai Town and Taluk, Krishna Giri District-635107. (4) Mr. Vignesh Madhaiyan, SF.No:94/2A1, Denkanikottai Town Panchayat, Hosur, Denkanikottai Town and Taluk, Krishnagiri District, Tamilnadu-635107. Also at: Mr. Vignesh Madhaiyan, 66/2, Kithavayth, Theru Hosur Main Road, Denakanikottai Town & Taluk Hosur-635107. Also at: Mr. Vignesh Madhaiyan, 51/4, By Pass Road, Denakanikottai Town and Taluk, Krishna Giri Dt.-635107. (Co-Borrower/ Guarantor). Short description of Immovable Properties/ Property with known encumbrances and certain terms of the sale:- Name of the Borrower / Date of Known Loan Account Demand Notice Inspection Co-Borrower(s)/ Auction & Total Out Standing Encumbrance, No. Date And Amount Date & Time Guarantor (S) Time If Any, LAP: 17783231, 1. Mrs. M. Palaniyammal, Rs.3,29,17,697.34 (Rupees On Rs.3,68,72,212.24/- On LAP: 17784345, W/o. M. Madhaiyan, Three Crore Twenty Nine 16.07.2021 30.07.2021 (Rupees: Three Crore Sixty LAP: 17785645 2. M/s. Saravana Electronics, (Through its Lakhs Seventeen Thousand From At Eight Lakh Seventy Two Nil & LAP: Proprietor Mr. M. Madhaiyan), Six Hundred Ninety Seven 11.00 A.M 01.00 P.M Thousand Two Hundred Twelve 17790780 (CRN 3. Mr. M. Madhaiyan, S/o. Mr. Marimuthu, and Paisa Thirty Four to Onwards and Paisa Twenty Four Only) No. 249567684) 4. Mr. Vignesh Madhaiyan Only)dated 10-02-2020 3.30 P.M due as on 12-01-2021 DETAILS OF THE IMMOVABLE PROPERTIES/ PROPERTY: All the Pieces, Part and Parcel of Immovable Property EMD (10% of RP) Reserve Price (RP) Survey No. 94/2 Dry Extent Ac. 0.68 cents, Assessment Rs. 1.36 np., out of this the New sub division Survey No. 94/2A and Last Date Extent Hec.0.07.0, Assessment Rs. 0.20 np., out of this, the site measuring; East to West on the North: 44 Feet, East Rs.4,90,41,695/- Rs.49,04,170/- to West on the South: 35.50 Feet, North to South on the East: 84 Feet, North to South on the West: 85 Feet. (Rupees Four Crore Ninety Forty Nine Lakh Four i.e. an area of 3359 Sq. Ft. together with Superstructure being constructed thereon and all situated within the following Lakh Forty One Thousand Thousand One Hundred boundaries: East: House of Raghavan, West: Land of Pillappa, North: Road, South: Property of Kamalamma. Six Hundred Ninety Five Seventy Only) on or (the above site is now further Sub Division as New Sub Division Survey No. 94/2A1) Only) before 29-07-2021 DETAILS OF THE IMMOVABLE PROPERTIES/ PROPERTY: All the Pieces, Part and Parcel of Immovable Property EMD (10% of RP) Reserve Price (RP) Survey No. 22 Dry Extent Hec. 1.53.5 (or) Ac. 3.79 cents Asst. Rs. 7.58 np., and other adjacent lands have been con- and Last Date verted in to an approved layout, duly approved by the Deputy Director of Town and Country Planning, Dharmapuri, in approval No. 37/2012 dated 21-03-2012 and 47/2012 dated 09-04-2012 under the name and style "DOLLAR COLONY- Rs.5,03,800/- PHASE - II" comprising various house sites, out of this the house site bearing. Plot No.8: measuring an area of 2519 Rs.50,38,000/- (Rupees Five Lakh Three sq ft. and situated within following boundaries: On the Eastern side: Plot No. 9, On the Western side: Road, On (Rupees Fifty Lakh Thirty Thousand Eight Hundred the Northern side: Road, On the Southern side: Private Property Eight Thousand Only) Only) on or before Within the above boundaries, the site measuring:- East to West on the Northen Side: 50 Feet, East to West on the Southern 29-07-2021 Side: 50 Feet 3 Inches, North to South on Eastern Side: 53 Feet, North to South on Western Side: 47 Feet and 9 Inches. DETAILS OF THE IMMOVABLE PROPERTIES/ PROPERTY: All the Pieces, Part and Parcel of Immovable Property EMD (10% of RP) Reserve Price (RP) Survey No. 22 Dry Extent Hec. 1.53.5 (or) Ac. 3.79 cents Asst. Rs. 7.58 np., and other adjacent lands have been con- and Last Date verted in to an approved layout, duly approved by the Deputy Director of Town and Country Planning, Dharmapuri, in approval No. 37/2012 dated 21-03-2012 and 47/2012 dated 09-04-2012 under the name and style "DOLLAR COLONY- Rs.5,54,000/- PHASE - II" comprising various house sites, out of this the house site bearing. Plot No.9: measuring an area of 2770 Rs.55,40,000/- sq ft. and situated within following boundaries: On the Eastern side: Plot No. 10, On the Western side: Plot No. 8, (Rupees Five Lakh Fifty (Rupees Fifty Five Lakh Four Thousand Only) On the Northern side: Road, On the Southern side: Private Property. Forty Thousand Only) Within the above boundaries, the site measuring:- East to West on the Northen Side: 50 Feet, East to West on the Southern on or before 29-07-2021 Side: 50 Feet 3 Inches, North to South on Eastern Side: 57 Feet 10 Inches, North to South on Western Side: 53 Feet. DETAILS OF THE IMMOVABLE PROPERTIES/ PROPERTY: All the Pieces, Part and Parcel of Immovable Property EMD (10% of RP) Reserve Price (RP) Survey No. 22 Dry Extent Hec. 1.53.5 (or) Ac. 3.79 cents Asst. Rs. 7.58 np., and other adjacent lands have been con- and Last Date verted in to an approved layout, duly approved by the Deputy Director of Town and Country Planning, Dharmapuri, in approval No. 37/2012 dated 21-03-2012 and 47/2012 dated 09-04-2012 under the name and style "DOLLAR COLONY- Rs.4,77,600/- PHASE - II" comprising various house sites, out of this the house site bearing. Plot No.10: measuring an area of 2388 Rs.47,76,000/- (Rupees Four Lakh sq ft. and situated within following boundaries: On the Eastern side: Plot No. 11, On the Western side: Plot No. 9, Rupees Forty Seven Lakh Seventy Seven Thousand On the Northern side: Road, On the Southern side: Private Property. Seventy Six Thousand Only) Six Hundred Only) Within the above boundaries, the site measuring:- East to West on the Northen Side: 40 Feet, East to West on the Southern on or before 29-07-2021 Side: 40 Feet 2 Inches, North to South on Eastern Side: 61 Feet 7 Inches, North to South on Western Side: 57 Feet 10 Inches. TERMS AND CONDITIONS OF PUBLIC AUCTION: 1) Sale is strictly subject to the terms and conditions mentioned hereunder as also the terms and conditions mentioned in the offer/ tenderdocumentto be submitted by the intending bidders. 2) The Immovable Properties/ Property will be sold on "AS IS WHERE IS, AS IS WHAT IS and WHATEVER THERE IS BASIS" including known encumbrances, if any. The Immovable Properties/ Property under auction can be inspected on the date and time specified herein 16.07.2021 between 11.00 AM and 3.30 PM. Further, queries or clarification with respect to bid application form, submission of earnest money deposit (EMD), kindly contactAuthorised Officer of Kotak Mahindra Bank Limited (contact details mentioned in clause (4). The Auction can be conducted at branch level as well, in case; there would be any technical glitch or error in conducting auction.However, the Authorised Officer shall have the absolute discretionary right to change or vary the terms and conditions.
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