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Indian Overseas Bank Thirunagar Colony Branch Phone : 0424-2225399 Indian Overseas Bank Thirunagar Colony Branch. 164/3, Ground floor, Muthumariamman Koil Street E-mail: [email protected] Thirunagar Colony, Erode-638003 e-AUCTION SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES OTICE UNDER SARFA02 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 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 property(ies) mortgaged/charged to the Secured Creditor, the constructive/symbolic possession of which has been taken by the Authorised Officer of Indian Overseas Bank, Secured Creditor, will be sold on “As is where is”, “As is what is” and “Whatever there is” on 21.10.2020 for recovery of Rs 47,86,774.59 (Rupees Forty Seven Lakhs Eighty Six Thousand Seven Hundred Seventy Four and Paise Fifty Nine only) as on 31.08.2020 due to the Indian Overseas Bank, Secured Creditor from the borrower (s) M/s Jayashree Traders Represented by its proprietor: Mr R Balasubramani (Borrower/mortgagor) 271, Odni Karuppannam Thottam, Kongam Palayam, Sathy Main Road, Cithode Erode-638102 And Guarantor(s) Mrs. B Gomathi (Guarantor/Mortgagor) W/o Balasubramani No:72, Renga street, Erode-638003 Mrs Malar B (Guarantor/Mortgagor) Old No:66, New No: 49, Pappathikadu-1 Erode-638003 Mrs.Lakshmi R (Guarantor/Mortgagor) 97, Kannayan Street-1, Erode-638003 Mrs. Mariyammal A (Guarantor/Mortgagor) Old No:1A, New No: 2A, Kalaivanner Veethi, Veerappanchatram, Erode-638004 Mrs. Vadamani S (Guarantor/Mortgagor) Old No:1A, New No: 2A, Kalaivanner Veethi, Veerappanchatram, Erode-638004 Mr.Tamilselavan S (Guarantor/Mortgagor) Old No:1A, New No: 2A, Kalaivanner Veethi, Veerappanchatram, Erode-638004 Mr. Prakash (Guarantor/Mortgagor) Old No:1A, New No: 2A, Kalaivanner Veethi, Veerappanchatram, Erode-638004 Description of the Immovable property(ies) Property 1 Erode Registration District, Erode Sub-RD, Erode Taluk, Erode R S No 432/1A1, n.p.h. 1.50.5, for this Kist Rs.6.28, old S F No.494A, in the centre of p.a.0.24 1/3 of land, after the pathway allocated by Subramaniam Pillai and Krishnamoorthy, the entire extent of land is divided into house sites, Site No.3 is situated within the following boundaries, In this, East To : 10 feet width North-South road allocated by Arumugam Vagaiyara North To : Site No 2 West To : Site No 4 South To : Land of A Muthusamy In the admeasuring, North-South on both sides 20 feet, East-West on both sides 38 feet; ie, total extent of 760 Sq ft of House Site with 411 sq ft residential building at Door No 217/1 and the common right of using 16 feet width East-West road, 10 feet width North-South road, 8 feet width North-South road. The schedule mentioned property situated within the limits in Veerappan Chatram Panchayat The Property is in the name of Mr. R Balasubramanian S/o Ramasamy and Mrs B Gomathi W/o R Balasubramanian The reserve price will be Rs. 1254000/- and the earnest money deposit will be Rs. 125400/- Property 2 In Erode RD, Bhavani Sub RD, Bhavani Taluk, Mylambadi village and Panchayat, Old SF No: 774, 785, 789, R S No: 544/1 in this 6 Acres of Punja lands; out of which 4.00 Acres were sold by Velayammal & Sathyavathi, thus remaining extent of 2.00 Acres within the following Boundaries; North of : Land belongs to Sulochanadevi & Srinithan East of: Land belongs to Chinnappa Gounder & Others South of: Mondipalayam to Pudupalayam Panchayat Road West of: Land belongs to Madeswaran Out of the said extent of 2.00 Acres the common half to an extent of 1.00 Acre of punja land now subdivisioned and allocated a New Resurvey No: 548/2 under Patta No: 1619, mamool pathway rights & with all rights as mentioned in the Registered Sale Deed in Doc No: 1436 of 2015 dated 12-03-2015 and with AC sheet Roof Industrial Building to be constructed therein with all amenities etc.. The Property is in the name of Mr. R Balasubramanian S/o Ramasamy and Mrs B Gomathi W/o R Balasubramanian The reserve price will be Rs. 3325000/- and the earnest money deposit will be Rs. 332500/- Property 3 Erode RD, Avalpoondurai SRD, Erode Taluk, Modakkurichi Village, Modakkurichi Town Panchayat, Old SF Nos. 425-G, 425-F, 426-C, RSF No-569/18, 19, House site No:9 R.S No: 569/18, P Hec 0.64.5, Kist Rs 2.70 R.S No: 569/19, P Hec 0.19.5, Kist Rs 0.81 Total P Hec 0.84.0 Out of the said extent of lands, an extent of 1.00 Acre of Punja land has been divided in to House Sites and formed a layout, in this an extent of 1846 sq ft of vacant house site land bearing Site No: 9 within the following Boundaries: North of Property belongs to Balasubramaniam South of 25 ft width East-West road, East properties of Logasundaramoorthy & Govindaraj, West of House Site No: 8 Measuring; South-North: 70 ft on the eastern side South-North: 72 ft on the western side East-West: 30 ft on the northern side East-West: 22 ft on the southern side The said extent of 1846 sq ft/171.6 sq m of vacant house site land with all rights as mentioned in the registered sale deed dated 04.02.2011 in Doc No: 792/2011 of SRO, Avalpoondurai etc.. The Property is in the name of Mrs. Lakshmi D/o Chinna Naicker The reserve price will be Rs. 788500/- and the earnest money deposit will be Rs. 78850/- Property 4 Erode RD, Avalpoondurai SRD, Perundurai Taluk, Vadamugam Vellode village and Panchayat, Old S F Nos: 17-B, 25,26,27,40,42,43, R S F No: 45/2, 46/1,2, House site No-526 R.S No: 45/2,P.Hec 2.52.5, Kist Rs 5.05 R.S No: 46/1,P.Hec 2.63.0, Kist Rs 7.29 R.S No: 46/2,P.Hec 1.17.5, Kist Rs 2.35 Total; P Hec 6.33.0 Out of the said extent of lands, an extent of 1.00 Acre/43600 Sq ft of land has been divided in to House sites by forming a layout duly approved by Director of Town and Country Planning (DTCP) in approval Ma.Va/Na.Vu.E.No: 170/2001 named as “Kumaran Nagar” and now called as “ Sree Thirupathi Lakshmi Garden”, in this an extent of 1500 sq ft of vacant house site land bearing Site No: 526 within the following boundaries: North of House Site No: 539 South of 40 ft width East-west road West of House Site No: 527, East of House Site No: 525 Measuring: South-North : 50 ft on the eastern side South-North : 50 ft on the western side East-West : 30 ft on the northern side East-West : 30 ft on the southern side The said extent of 1500 sq ft/139.4 sq m of vacant house site land with all rights as mentioned in the registered sale deed dated 15.04.2011 in Doc No; 2372/2011 of SRO, Avalpoondurai etc.. The Property is in the name of Mrs. Malar W/o Mr Balasubramani The reserve price will be Rs. 997500/- and the earnest money deposit will be Rs. 99750/- Property 5 Namakkal RD, Komarapalayam SRD, Tiruchengode Taluk, Elanthakuttai Village and Panchayat, R S F No: 194/2, House site No: 35, an extent of 2100 sq ft of vacant house site land within the following boundaries North of Land belongs to Pongianna Gounder South of 30 ft width East-West road, West of House Site No: 36 belongs to Muthayammal East of House site No: 34 belongs to Rangasamy Measuring South-North : 105 ft on the eastern side South-North : 105 ft on the western side East-West : 20 ft on the northern side East-West : 20 ft on the southern side The said extent of 2100 sq ft of land with all rights as mentioned in the registered sale deed dated 04.03.1999 in Doc No: 713/1999 of SRO Komarapalayam etc.. The Property is in the names of Mrs. S Vadamani W/o Seerangan, Mr Tamilselvan S/o Seerangan, Mr Prakash S/o Seerangan, Mrs Mariammal M/o Seerangan The reserve price will be Rs. 997500/- and the earnest money deposit will be Rs. 99750/- *Outstanding dues Rs.---- of Local Self Government (Property Tax, Water sewerage, Electricity Bills etc) * Bank’s dues have priority over the statutory dues Date and time of e-auction: 21.10.2020 (date) between 11.00 A.M. to 1.00 P.M. (time) with auto extension of 5 minutes each till sale is completed at the platform of https://www.mstcecommerce.com/auctionhome/ ibapi. For detailed terms and conditions of the sale, please refer to the service providers link https://www.mstcecommerce.com/auctionhome/ ibapi or bank’s website https://www.iob.in Place: Erode Authorised Officer Date: 18.09.2020 This may also be treated as a Notice under Rule 8(6)/Rule 9(1) of Security Interest (Enforcement) Rules, 2002 to the borrower/s and guarantor/s of the said loan about holding of e-auction on the above mentioned date. Terms and Conditions 1. The property(ies) will be sold by e-auction through the service provider https://www.mstcecommerce.com/auctionhome/ibapi under the supervision of the Authorized Officer of the Bank.
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