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And 9(1) of the Security Interest (Enforcement) Rules 2002 Dt: 21.09.2019

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And 9(1) of the Security Interest (Enforcement) Rules 2002 Dt: 21.09.2019 Indian Overseas Bank Adyar Branch 12, Sardar Patel Road, Adyar, CHENNAI 600 040 Phone no – 044 24913138 Email:[email protected] SALE NOTICE OF IMMOVABLE SECURED ASSETS Issued under Rule 8(6) and 9(1) of the Security Interest (Enforcement) Rules 2002 Dt: 21.09.2019 a. Mrs Padhma Shekar w/o M Veerashekar, No 5, 3rd main road , Indira Nagar ,Adyar, Chennai 600020 b. Mr. M Arivzhagan s/o Mr Muthuraman, No 9, Kalakshetra Road , Thiruvanmiyur, Chennai 600041 c. Mr M Palaniappan s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road, Thiruvanmiyur, Chennai 600041 d. Mr M Vinayagaraj s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road , Thiruvanmiyur, chennai-41 e. Mortgagor / Guarantor f. Mrs Padhma Shekar w/o M Veerashekar, No 5, 3rd main road , Indira Nagar ,Adyar, Chennai 600020 g. M/S Land Marvel Homes, No 63 Ist Floor, L B Road, Adyar, Chen- nai -600020 Sir/Madam, 1. This has reference to recovery actions initiated against you under the provisions of the SARFAESI Act 2002. 2. Please refer to the possession notice dated 09.08.2019 issued to you regarding taking possession of the secured assets at more fully described in the schedule below and the publication of the said possession notice in The New Indian Express (daily) and Thinamani (daily) on 10.08.2019 by the undersigned for the purpose of realization of the secured assets in exercise of the powers conferred on the bank as Secured Creditor under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,2002 and the Rules there under. 3. You the above named borrowers / mortgagors / guarantors have failed to pay the dues in full save and except payments amounting to NIL/- after issuance of demand notice dated 01.06.2019. Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as it is what is” condition under Sec 13(4) of the Act read with Rules 8 & 9 of the Security Interest (Enforcement) Rules, 2002. 4. After appropriating the aforesaid repayments, the dues in the loan account as on 15.09.19 is Rs. 169.05 lacs along with further interest at contractual rates and rests, besides costs / charges incurred till the date of repayment in full. 5. We hereby give you notice of 30 days that the below mentioned secured assets shall be sold by the undersigned on 21.10.2019 between 11.00AM and 01.00PM hours with auto extension of 5 minutes through e- auction using http://iob.auctiontiger.net (Web portal) 1. A copy of the E-auction notice inviting offers for e-auction setting out the terms & conditions of sale such as particulars of the secured asset, the dues of the Bank, reserve price, earnest money deposit, date and time fixed for inspection, last date for submission of offers and date, time of sale etc is enclosed for your ready information. Please also be advised that the said sale notice has been published in The New Indian Express(daily) and Thinamani (daily) 20.9.19. 6. In this connection, we invite your attention to the provision of section 13(8) of the SARFAESI Act in respect of the time available to the borrower to redeem the secured assets. As per the section 13(8) of SARFAESI Act, which was amended with effective from 01.09.2016 the time available to the borrower to redeem the secured assets by paying the dues with all costs, charges and expenses ends once the sale notice is published for public auction or inviting quotations or tender from the public or private treaty for sale of the secured assets. Schedule of Secured Asset Nature of security (hy- S.No pothecation/ mort- Particulars of securities gage) 1. Land and Building un- All that piece and parcel of land & Residential der Mortgage Building having built up area 4005 sq ft in the basement floor along with 622 sq ft UDS SITUATED AT SHARADHA KIRUPHA APARTMENT DOOR NO 11,12, 7 13 KRIPASHANKARI STREET PULIYUR VILLAGE EGMORE TALUK CHENNAI DIST 600024 IN THE NAME OF PADHMA SEKHAR Boundaries of the property North by : KRIPASHANKAR STREET South by : DOOR NO 13,12AND 11 VISWANATHA STREET East by : DOOR NO 10 KRIPASHANKAR STREET West by : DOOR NO 14 KRIPASHANKAR STREET Situated within the Registration District of Chennai KODAMBAKKAM Yours Faithfully Authorised officer Encl: 1.E-auction notice containing terms and conditions 2. Proposed paper publication of E-auction notice Indian Overseas Bank Adyar Branch 12, Sardar Patel Road, Adyar, CHENNAI 600 020 Phone no – 044 24913138 Email:[email protected] PUBLIC NOTICE FOR E- AUCTION FOR SALE OF IMMOVABLE PROPERTIES Sale of immovable property /ies mortgaged to Bank under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (No.54 of 2002) whereas, the Authorized Officer of Indian Overseas Bank has taken possession of the following property/ies pursuant to the notice is- sued under Section 13(2) of the Security Interest (Enforcement) Rules 2002 in the following loan account with right to sell the same on ‘AS IS WHERE IS BA- SIS’ and ‘AS IS WHAT IS BASIS’ for realization of Bank's dues plus interest & costs as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Bank's dues by sale of the said property/ ies. The sale will be done by the undersigned through e-auction platform pro- vided at the Web Portal https://iob.auctiontiger.net. Name & address of the Borrowers: a. Mrs Padhma Shekar w/o M Veerashekar, No 5, 3rd main road , Indira Nagar ,Adyar, Chennai 600020 b. Mr. M Arivzhagan s/o Mr Muthuraman, No 9, Kalakshetra Road , Thiruvanmiyur, Chennai 600041 c. Mr M Palaniappan s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road, Thiruvanmiyur, Chennai 600041 d. Mr M Vinayagaraj s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road , Thiruvanmiyur, chennai-41 Name & address of the Other Mortgagor/ Guarantors: a. Mrs Padhma Shekar w/o M Veerashekar, No 5, 3rd main road , Indira Nagar ,Adyar, Chennai 600020 b. M/S Land Marvel Homes, No 63 Ist Floor, L B Road, Adyar, Chen- nai -600020 Date of NPA: 31.05.2019 Date of Demand notice: 01.06.2019 Dues claimed in Demand Notice: Rs.1,64,15,205/- as on 31.05.2019 with further interest & costs Date of possession notice: 09.08.2019 Dues claimed in Possession Notice: Rs 1,67,78,170/ as on 09.08.2019 with fur- ther interest & costs *Outstanding dues as on 15.09.19 : Rs 169.05 lacs DESCRIPTION OF THE IMMOVABLE PROPERTY Nature of security S.No (hypothecation/ Particulars of securities mortgage) 1. Mortgage All that piece and parcel of land & Residential Building having built up area 4005 sq ft in the basement floor along with 622 sq ft UDS SITUATED AT SHARADHA KIRUPHA APARTMENT DOOR NO 11,12, 7 13 KRIPASHANKARI STREET PULIYUR VILLAGE EGMORE TALUK CHENNAI DIST 600024 IN THE NAME OF PADHMA SEKHAR Boundaries of the property North by : KRIPASHANKAR STREET South by : DOOR NO 13,12AND 11 VISWANATHA STREET East by : DOOR NO 10 KRIPASHANKAR STREET West by : DOOR NO 14 KRIPASHANKAR STREET Situated within the Registration District of Chennai KO- DAMBAKKAM Reserve price: Rs.2,62,92,000/- EMD: Rs.26,30,000/- Date & Time of auction: 21.10.2019, between 11.00AM & 01.00PM Bid increase amount: Rs.1,00,000/- Auto extension time: 5 minutes Known Encumbrance if any: NIL Inspection Date& Time: 17.10.2019, 10.00AM to 04.00PM *Bank’s dues have priority over the Statutory dues For terms and conditions Please visit: For terms and conditions please visit: https://www.iob.in/e-Auctions.aspx https://www.publishtenders.gov.in https://iob.auctiontiger.net Date: 21.09.2019 Authorised Officer Place:Chennai Indian Overseas Bank In- dian Overseas Bank Adyar Branch 12, Sardar Patel Road, Adyar, CHENNAI 600 040 Phone no – 044 24913138 Email:[email protected] E-AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Where as Mrs Padhma Shekar w/o M Veerashekar, No 5, 3rd main road , In- dira Nagar ,Adyar, Chennai 600020 Mr. M Arivzhagan s/o Mr Muthuraman, No 9, Kalakshetra Road , Thiruvan- miyur, Chennai 600041 Mr M Palaniappan s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road, Thiruvanmiyur, Chennai 600041 Mr M Vinayagaraj s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road , Thiruvanmiyur, chennai-41 have borrowed monies from Indian Overseas Bank against the mort- gage of the immovable properties more fully described in the schedule hereunder and on upon classification of the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 01.06 .2019 calling upon the borrowers Mrs Padhma Shekar w/o M Veerashekar, No 5, 3rd main road , Indira Na- gar ,Adyar, Chennai 600020 Mr. M Arivzhagan s/o Mr Muthuraman, No 9, Kalakshetra Road , Thiruvan- miyur, Chennai 600041 Mr M Palaniappan s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road, Thiruvanmiyur, Chennai 600041 Mr M Vinayagaraj s/o Mr Muthuraman, No 1 , Sriram nagar Ist main road , Thiruvanmiyur, chennai-41 Name & address of the Other Mortgagor/ Guarantors: a. Mrs Padhma Shekar w/o M Veerashekar, No 5, 3rd main road , Indira Nagar ,Adyar, Chennai 600020 b.
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