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13.Re-Sale Notice of Rasi Industries.Pdf

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13.Re-Sale Notice of Rasi Industries.Pdf THE REPATRIATES CO-OPERATIVE FINANCE & DEVELOPMENT BANK LTD. REPCO BRNK (Govt. of India Enterprise) COIMBATORE BRANCH No.491, Cross Cut Road, Gandhipuram, Coimbatore — 641 012 PH. 0422 — 2231132 TENDER / PUBLIC RE-AUCTION SALE NOTICE Sale of immovable property mortgaged to REPCO Bank possession taken under 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 Whereas, 1) M/s. Rasi Industry, Rep. by its Partners, (i) Sri. NI. Sivaganesh, (ii) Smt. M. Indumathi, 2) Sri. M. Sivaganesh, Partner, NI/s. Rasi Industry, 3) Smt. M. Indumathi, Partner, M/s. Rasi Industry, Both are Doing Business at: SF No.22, Veerapandi Village, Arivoli Nagar, Periyanaickenpalayam, Coimbatore — 641 019, All are Residing at: 26/10, Sabari Srinivasan Illam, Jayavarthanavelu Nagar, Jothipuram Post, Coimbatore — 641 020, 4) Sri. R. Babu Kumansamy, S/o. Ramakutti, No.4/369, Tamil Nadu Thottam, Chinnamathampalayam, Billichi Post, Coimbatore — 641 019, had borrowed monies from the Repatriates Cooperative Finance and Development Bank Ltd., Coimbatore Gandhipuram Branch and they owe a sum of Rs.1,88,04,701.07/- (Rupees One Crore Eighty Eight Lakh Four Thousand Seven Hundred and One and Paise Seven Only) to the Bank as on 30.11.2019 with further interest thereon and costs. Whereas 1) Sri. M. Sivaganesh, Partner, M/s. Rasi Industry, 2) Sint. M. Indumathi, Partner, M/s. Rasi Industry, Both are Doing Business at: SF No.22, Veerapandi Village, Arivoli Nagar, Periyanaickenpalayam, Coimbatore — 641 019, Both are Residing at: 26/10, Sabari Srinivasan Illam, Jayavarthanavelu Nagar, Jothipuram Post, Coimbatore — 641 020, had offered the immovable properties more fully described in the schedule hereunder as security for the above said loan. As the aforesaid borrowers failed to remit the demand amount within the stipulated 60 days, the Authorised Officer has taken possession of the properties on 17.01.2018 under section 13(4) of the aforesaid Act. 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/charged to the Secured Creditor, the constructive possession of which has been taken by the Authorised Officer of Repco Bank (Secured Creditor) on 17.01.2018, will be sold in "As is where is", "As is what is", and "Whatever there is" on 27.01.2020, for recovery of Rs.1,88,04,701.07/- (Rupees One Crore Eighty Eight Latch Four Thousand Seven Hundred and One and Paise Seven Only) due to the Bank (Secured Creditor) from M/s. Rasi Industry, Rep. by its Partners, (i) Sri. M. Sivaganesh, Smt. M. Indumathi, 2) Sri. M. Sivaganesh, Partner, Ni/s. Rasi Industry, 3) Smt. M. Indurnathi, Partner, M/s. Rasi Industry and 4. Sri. R. Babu Kumarasamy, S/o. Ramakutti. The reserve price will be Rs.1,71,70,000/- (Rupees One Crore Seventy One Lakh and Seventy Thousand Only) and the earnest money deposit will be Rs.17,17,000/- (Rupees Seventeen Lakh and Seventeen Thousand Only). DESCRIPTION OF THE IMMOVABLE PROPERTIES Property belonging to Sri. NI. Sivaganesh and Smt. NI. Indhumathi Property — I In Coimbatore Registration District, Periyanaickenpalayam Sub Registration District, Coimbatore North Taluk, No.4, Veerapandi Village, Patta No.647, all that piece and parcel of land comprised in S.F.No.22 measuring an extent of Acre 24.40 cents Kist Rs.19.78 of land in this western half portion of land admeasuring 12.20 cents Kist Rs.9.85 in this an extent of Acre 6.00 cents of land, in this as per Patta Pass book presently in subdivisionS.F.No.22/1B measuring an extent of Acre 5.22 Cents in this after deducting Acre 3.00 Cents of Land already sold, the remaining extent of Acre 2.22 Cents of! and in this an extent of 50 Cents of Land with the following boundaries:- North of - Property belonging to MS. Karuppathal & others South of- Property comprised in S.F.No.22/1A East of - Property belonging to Mrs. Karuppathal & others West of - Property comprised in S.F.No.22/2, 4, 5 In midst, Totaling an extent of 50 cents or 21780 Sq. ft., of land with ACC roofed building with Doors, indows, EB connection with all electrical fittings and water connection with deposits and all appurtenants thereto with all rights in common pathway. The property situated within the boundaries of No.4, Veerapandi Town Panchayat and presently the property comprised in S.F.No.22/1B2 as per Sub Division. Tax Assessment No.66755, EB connection in SC No.1357. Property - II In Coimbatore Registration District, Periyanaickenpalayam Sub Registration District, Coimbatore North Taluk, No.4, Veerapandi Village, Patta No.647, all that piece and parcel of land comprised in S.F.No.22 measuring an extent of Acre 24.40 cents Kist Rs.19.78 of land in this western half portion of land admeasuring 12.20 cents Kist Rs.9.85 in this an extent of Acre 6.00 cents of land, in this as per Patta Pass book presently in subdivision S.F.No.22/1B measuring an extent of Acre 5.22 Cents in this after deducting Acre 3.00 Cents of Land already sold, the remaining extent of Acre 2.22 Cents of Land in this an extent of Acre 1.72 Cents of Land with the following boundaries:- North of Property comprised in S.F.No.22/6 South of Property comprised in S.F.No.22/1A and 50 cents of land Comprised in S.F.No.22/1B1 sold to Mr. N. Ramashanmuga Raja and Mr. M. Sivaganesh East of Property comprised in S.F.No.19/2 West of - Property comprised in S.F.No.22/4, 5 In midst, Totaling an extent of Acre 1.72 cents in this after deducting 3128 Sq. ft., of land already sold, the remaining extent of 71795.20 Sq. ft.,_ of land with ACC roofed building with Doors, windows, I connection with all electrical fittings and water connection with Deposits and all appurtenants thereto with all rights in common pathway. The property situated within the boundaries of No.4, Vecrapandi Town Panchayat and presently the property comprised in S.F.No.22/1B1 as per Sub Division. Tax Assessment No.66754, EB connection in SC No.1619. (Note: The above property will be sold, "as is where is condition") Details of Tender/ Public Re-Auction Sale: Reserve Price for Property Rs.1,71,70,000/- Last date for submission of } sealed Tenders 27.01.2020 till 3.00 p.m. Place of opening Tenders/ Auction Sale : Repco bank, Coimbatore Gandhipuram Branch Date & Time of opening Tenders 27.01.2020; 3.30 p.m. Date & Time of Auction Sale (if required) : 27.01.2020; 4.00 p.m. EMD — For Property 10% of reserve price of the property Date of Inspection of auction Properties 22.01.2020 Bid/Sale can be accepted or rejected or adjourned/postponed without assigning ant' reason thereof. The sale is subject to conftination by the bank. 0. Prescribed Tender Form will be available at the Bank's branch at the above address. 11. Other Terms and Conditions are detailed in the Tender Form. For inspection of the properties, the intending bidders may contact the Bank's branch at the above address. 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