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Mrs. V Padmavathy, 37/1, Mariyamman Kovil Street

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Mrs. V Padmavathy, 37/1, Mariyamman Kovil Street Indian Overseas Bank Tel: 0422 2607001 96 A Block Email: [email protected] Kovaipudur Coimbatore-641 042 27.12.2019 SALE NOTICE OF IMMOVABLE SECURED ASSETS Issued under Rule 8(6) and 9(1) of the Security Interest (Enforcement) Rules 2002 Place: Coimbatore Date: 27.12.2019 S S No. Borrower Guarantor No. 1 Mrs. V Padmavathy, NIL 37/1, Mariyamman Kovil Street, Peelamedu Pudur, Coimbatore Mrs. P V Gowri Selvam, Site No. 13, Kutralam Nagar, Kovaipudur, Coimbatore Sir, 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 02.12.2019 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 and Dinamani on 04.12.2019 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 13.09.2019. 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 26.12.2019 is Rs.17,32,824.00 (Rupees Seventeen lakh thirty two thousand Eight hundred twenty four only) 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 31.01.2020 between 12.00 Noon and 1.00 PM hours with auto extension of 5 minutes through e-auction using www.matexauctions.com. 6. 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 will also be published in The Indian Express and Dinamani shortly. A copy of the proposed paper publication is also enclosed. SCHEDULE OF PROPERTIES In the Registration District of Coimbatore, Joint Registration District of Madukkarai, Taluk of Coimbatore South, Sundakkamuthur village, SF No. 125 p.a 5.30 – In this on the Southern Side p.a.1.13 this extent of land plotted into sites and developed layout named Kutralam Nagar and approved in LP/R CPN No. 395/86 in this site No. 13 Bounded on: North of S F 184, South of Site No. 12, East of Site Nos.6,7, West of Site No. 14 and 20 ft wide South North road- in this measuring East to West on the North 60 ft, on the South 70 ft, South to North on the West 50 Ft, on the East 25 ft, North East Corner 1. Cross 10 ft,- totally 2800 Sq ft or 260.126 Sq meter or 60 cents 185 Sq ft of land with mamool pathway right in the layout road. The property is within Kuniamuthur Municipal Limit. This subject property is owned by Mrs. P.V.Padmavathy (Borrower and Mortgagor) Reserve Price: Rs. 91,65,000.00 Earnest Money Deposit: Rs. 9,16,500.00 Yours Faithfully Authorised officer Encl: 1. E-auction notice containing terms and conditions Indian Overseas Bank Tel: 0422 2607001 96 A Block Email: [email protected] Kovaipudur Coimbatore-641 042 27.12.2019 SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES [Under Proviso to Rule 8(6) of Security Interest (Enforcement) Rules] 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 mortgaged to the Secured creditor, the constructive 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 31.01.2020 for recovery of Rs.17,32,824.00 (Rupees Seventeen lakh thirty two thousand Eight hundred twenty four only) due to the Secured Creditor from the Borrower Mrs V Padmavathy 37/1, Mariyamman Kovil Street, Peelamedu Pudur, Coimbatore & Mr P V Gowri Selvam, Site no 13, (S F no 125) Kutralam Nagar, Kovaipudur, Coimbatore 641042 The reserve price and the earnest money deposit will be as mentioned below. SCHEDULE OF PROPERTIES In the Registration District of Coimbatore, Joint Registration District of Madukkarai, Taluk of Coimbatore South, Sundakkamuthur village, SF No. 125 p.a 5.30 – In this on the Southern Side p.a.1.13 this extent of land plotted into sites and developed layout named Kutralam Nagar and approved in LP/R CPN No. 395/86 in this site No. 13 1. Bounded on: North of S F 184, South of Site No. 12, East of Site Nos.6,7, West of Site No. 14 and 20 ft wide South North road- in this measuring East to West on the North 60 ft, on the South 70 ft, South to North on the West 50 Ft, on the East 25 ft, North East Corner Cross 10 ft,- totally 2800 Sq ft or 260.126 Sq meter or 60 cents 185 Sq ft of land with mamool pathway right in the layout road. The property is within Kuniamuthur Municipal Limit. This subject property is owned by Mrs. P.V.Padmavathy (Borrower and Mortgagor) Reserve Price: Rs. 91,65,000.00 Earnest Money Deposit: Rs. 9,16,500.00 31.01.2020 Date and time of e-auction Between 12.00 Noon to 1 PM with auto extension of 5 minutes each till sale is completed. Reserve Price Rs. 91,65,000.00 Earnest Money Deposit Rs. 9,16,500.00 EMD Remittance Deposit through EFT/NEFT/ RTGS Transfer in favour of “The Authorized Officer” to the credit of A/C No. 013002000070007, Indian overseas bank, Gandhipuram Branch, 11/953, Cross Cut Road, Gandhipuram, Coimbatore – 641012 Branch Code: 0130, IFSC Code: IOBA0000130 Bid Multiplier Rs. 50,000.00 Inspection of property All working days between 02.01.2020 to 30.01.2020 (during office hours) Submission of online application for bid with EMD 02.01.2020 onwards Last date for submission of online application for BID 30.01.2020 up to 5.00 P.M. with EMD Known Encumbrance if any NIL as per Bank‟s knowledge *Outstanding dues Rs……….. of Local Self NIL as per Bank‟s knowledge Government(Property Tax, Water sewerage, Electricity Bills etc) *Bank‟s dues have priority over the Statutory dues. Terms and Conditions 1. The property will be sold by e-auction through the Bank‟s approved service provider M/s Matex Net Pvt. Ltd. (under the supervision of the Authorized Officer of the Bank. 2. E-auction bid document containing online e-auction bid form, declaration, general terms and conditions of online auction sale are available in website www.matexauctions.com. 3. Intending bidders shall hold a valid digital signature certificate and email address and should register their name / account by login to the website of the aforesaid service provider. They will be provided with user id and password by the aforesaid service provider which should be used in the e-auction proceedings. For details with regard to digital signature, please contact the service provider at the below mentioned address/phone no/e-mail. 4. Bids in the prescribed formats shall be submitted “online” through the portal www.matexauctions.com. along with the EMD & scanned copy of KYC documents including photo, PAN Card & address proof to the service provider and the Authorised Officer before 5 P.M hours on 30.01.2020 5. The EMD and other deposits shall be remitted through EFT / NEFT / RTGS to the Bank account as specified above and the amount of EMD paid by the interested bidder shall carry no interest. The amount of EMD paid by the successful bidder shall be adjusted towards the sale price. 6. Bids without EMD shall be rejected summarily. 7. Online auction sale will start automatically on and at the time as mentioned above. Auction / bidding will initially be for a period of 60 Minutes with auto extension time of 5 minutes each till the sale is concluded. 8. The property shall be sold to the successful bidder. The successful bidder (purchaser) as declared by the Authorised Officer shall deposit 25% of the sale price (inclusive of the EMD) immediately on the same day and not later than the next working day. The balance amount of sale price shall be paid within 15 days from the date of confirmation of auction sale. Failure to remit the entire amount of sale price within the stipulated period will result in forfeiture of deposit of 25% of the bid price to the secured creditor and forfeiture of all claims over the property by the purchaser and the property will be resold.
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