ENRE RE RERE i i anRE RTSREasife

(--i i # i.zz §¥§ i =n 3Trffa qqu mET A`sset Recovery Branch

# 816No816 3fiTqTFT qu Oppankara Street ffiiqng Coimbatorc` fin Pin 641001

RI ;I``:ARB/3() DAY S SN/()4/2()20L21 ()8-I ()-2()2() 13y Regd Post & C()uricr To:

M/s The ultimate--S`b`l`utioii`s~~`+` ` -` N() 17 2ND CR()SS SRP NAGAR 81 IARATI 11 PARK SAIBABA C()I,()NY C()IMBAT()RI`; (`()I MBATOR! .`, TA M I I, N^ I)lL641011 |r::rk|7:3d*}S'du:;:a€;,r;:Iiay:%>::I,n[::taor::]i 1641()11 Coimbatorc+641035

wit;i shivalii2:~~-_ ` TTTTTTTTT__ _ _ Mrs V Muthulakshmi No 17, SRP Nagar,11 Cross, Bharathi Park, No 78, KPN Colony. F`irst Street, Tirupur- , "641011 641601 Mrs Anitha No 17, SRP Nagar` 11 Cr()ss,13harathi Park, Sai Baba Colony, C()imbatore-641011 (Settled in USA)

Dear Sir/Madam,

Sub: Notice of 30 days for sale of immovable secured assets under Rule 8j2£J±£ Security Interest (Hnforcemcnt) Rules. 2002.

1. Union Bank of Asset Recovery Rranch , 816 ,Oppanakara street, Coimbatore- 641001, (Base Branch-Union Bank of India , Branch 641402` )` the sccurcd creditor. cau`sed a demand notice dated 31L05-2016 under Section 13(2) of the Sccuritisation and Reconstruction of I-

2. As you have t`ailed to clear the dues of the secured creditor. the immovable sccurcd assets that have been taken possession by the Authorised officer, will be sold by holding public F- auction on 18-11-2020 -From 11.30 am to 12.30 pin by inviting Bids fr(tin thi` public through onlinconwww.mstcecommerce.com...,jap,±`*`

J*i;.:`-+-ri

iEFEEiiEEil 3. You are also rcquestcd to ensure participation by parties intercstcd in buying the immovable secured assets in the sale as proposed above.

4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will bc conducted through EIAuction mode on the date and time mentioned in the enclosed terms of sale.

\ \\ t€---`,ili

Place: Coimbatore I)atc` : 08-10-2020 ASSI-;T REC )YLE.R_YB UNI() BANK ()I

I+lncl: 'I`crms of sale

TERMS AND CONDITI()NS OF SAT,E OF IMMOVABljE SECUREI) ASSETS:

------_._-__--_--_ -_._` _____.-_-._-~,___--`-1 1. Name and address of the B()rrower and Guarantor ivl-r~ V i3ai-asiit;rairi;nian EL/_s The Ultimate Solutio_n_LL \017 2NI) CR()SS SRP N^GAR 81 lARATI 11 No 17, SRP Nagar,11 Cross, Bharathi PARK SAIBABA Col,()NY COIMBAT()RIJ Park, Sai Baba Colony, Coimbatore- C()IMBAT()RE -641011 64 1 0 1 I Coimbatore-641035 Mrs J Shwctha V Muthulakshmi N() 17` SRP Nagar` 11 Cr()ss, Bharathi Park, 78, KPN Colony, I.`irst Street, Tirupur- Sai Baba Colony, Coimbatore-641011

Mrs Anitha No 17, SRP Nagar,11 Cross, Bharathi Park, Sai Baba Colony, Coimbatore-641011 (Settled in USA)

2. Name and address of the Sccurcd Asset Recovery Branch, Union Bank of Creditor: India, No 816, Oppanakara street, Coimbatore 641001 ( Union Bank of India Sulur Branch --641402)

3. r5cscription of immovable ;c6-inred assets to be sold: Pr(,pcrty I I

All:rtchoant|:::t::daptars?[e[i{:)[an]d,I/;:3S`ur[`;TBJ:I:/:2;I;:enKt:r:ry:,i7p6a]:a;:1::]#,nadm];adt:tstrJ::1:::]d::3| Panchayat, ` Sulur Sub-Registratioii I)istrict Coimbatore Registration District & District. Coimbatore` TN in the name of M/s The Ultimate Solutions Rep by Mr. V Balasubramaniam BQEE±:jl£ PrQprfulfast: I,and belonging to M/s Kovai CNC Applications Ltd , West: SF No:l 14/1, Road to Mylampatti, North: SF No: 114/2A dry agricultural land, South: 30 Ft Layout Road

ifFIrr:rQir. + `::\

;` j¢` i+t +`,,^,,I,

`, ',``,

.:;,,,,f.-;A,-f#Jf rp_i_o_p_e_r_fy--Z EM of residential land to an extent of 3600 Sq.ft or 8.26 Cents and residential building thereon situated at SF No.391/I. TS No 12/156` Old No 15/45, New Door No 8, Site No 45, Ward No: 12` SRP Nagar-II Cross, Bharathi Park. Saibaba Colony Sanganur Village, Sriram Nagar Co-Operation Colony Layout, Opposite to Vani Vidyalaya School, Coimbatore City Municipal Corporation, Coimbatore South Taluk, Coimbatore Registration District, Gandhipuram SRO, Coimbatore, TN in the name of Mrs. J Swetha and Ms. J Anitha Boundaries of the property:- East: Site No.46; West: Site No.44` North: 30 F`t Wide east west layout road; South: Site No.51

4. The details of encumbrances, if any As`oh`aatc, there are 2 encumbrances present for the known to the Secured Creditor property. 1. As per letter no TRC No: 8,9 & 1o/NCR-2/2ol6-17ITRO-I/CBE dated on lo-o8-2ol7 from Office of the Tax Recovery Officer, Income Tax Department, there is an Income Tax Attachment for Rs.147.54 lakhs on this property. ^ Writ pc`tition has bec`n filed before Hon'ble High Court of Madras t() lift the attachment. 2. Also as per communication received on 2o~11-2ol8 from Employee's State Insurance Corporation (ESIC), the borrowc`r M/s Beetle Exports is a defaulter of Rs.1,26,574/- plus further interest and damages. La-`;t d--a-te ft>i subin-i;sio-ri -o`f--E~wi b ()n ()r bef()rc 17-11-2020 before 5.00 PM I-[`_r3_. 6. Date & Time of auction 18-11-2020 -I+`rom 11.30 am to 12.30 pin (with 10 min unlimited auto extensions) E- auction web`site - www.mstcecommerce.com I_`. I_ ,_ . 7. The sccuied d;bt for the rccovcry ()f Rs.11,04,09,978.09 as on 25-05-2016 plus i which the immovable secured asset is to futher interest, cost & cxpcnscs i bc sold: 1------I 8. Reserve price for the properties I;-elow pRopr]RTy No I 140.14 IjAKIIs which the immovable property may not be pROpriRTy No 2 3oO.06 IjAKHs sold: _ ____I

| 9. 1. Registration

;The Online E-Auction will bc held through web portal/website ;i WWW.mstcec0mmerce.Com on the time and t.ime mentioned above with i I unlimited extension of 10 minutes.

The intending bidders / purchasers required t() register through \^rww.mstcecommerce.com auctionhome index.

L:wh`+ i l ,i:'-`*i`i P by using their mobile number and valid cmail-id. They are further required;_a. I1 t() upload KYc documents and Bank Details. I

9. 2. KYC verification (

()n complcti()n ()f registration, the intending bidders / purchasers are ) required to upload KYC document.s and Bank Details. KYC d()cuments shall I be verified by e-auction scrvicc provider which may take 2 to 3 working days. Hence thc registration and uploading f()rmalitics arc t.o bc c()mplctcd well in advance.

9. 3. EMD payment \

0n complction`()I KYC vcrificati()n, thc` intending bidders / purchasers are I rcquircd t() pay EMD thr()ugh NEFT/RTGS/ NEFT/NET BANKING/UPI by I generating a Challan thr()ugh this websitc in his/their Global EMD Wallet. \ Payment sh()uld bc made within 3 days aft.er generating t.he Challan for NEFT I

/ RTGS ()therwisc the Challan shall become invalid. The payment shall be ensured well in advance bcf()rc t.hc stipulated time. If the required EMD am()unt is not held in their Global Wallet, they will not bc;` allowed to

participate. Payment ()f EMD in any other in()dc will not be accepted.

Th(; Earnest Money Deposit shall n()t bear any interest and in case of ;

unsucccssrul bid, the same will be returned to the unsuccessful bidder by i

the service pr()vider without interest.

9.4 Bidding

The bidder has to select t.hc property f()r which ()ffer is submit.t.ed from the list mentioned in the above wcbsitc and/ or bidder can directly enter Property ID (as mcnti()ned in https://ibapi.in). The propert.y will be visible in `Livc Aucti()ns' ()n www.mst.cccommcrce.com ()nc day pri()r i() the date of auct.ion.

9. 5. Help Desk `r±-: > For Registrations related queries e-mail to ±±apiQP@re±±££±2Qmm±±£££Q -+

nd- _\ > For EMD payment/refund related queries e-mail to [email protected].

> For Registration and Login and Bidding Rules visit I

h|tps://www.mstcecommerce.com,'auctionhome/ibapiz'index.jsp and C//.ck "Buyer

Guide for Login and Registration" ',,

> Intending bidders may download free of cost, copies of sale notice, Terms and

Conditions of e.auction Help Manual on operational part of e-auction from e-Bkray -

IBApl portal (https://www.ibapi.in)

F()r auction related queries e-mail i() sarfaesi Com Or c()ntact Union Bank of India, Asset Rec()very Branch, NO 816,Oppanakata street,Coimbat()re-641001

9.6 Steps Involved

> Register on e-auction portal www.mstcccommercc.com. using mobile number and

email lD. `> Upload requisite KYC Documents.

> Generate challan and transfer EMD amount to bidder's global EMD Wallet.

> Submission of bid shall be through Online mode on the auction date and time.

> ln case of successful Bid, the balance bid amount to be paid as per the terms as

mentioned hereunder.

> ln case of unsuccessful Bid, request for refund to be made in the MSTC website and

refund will be made directly by the MSTC.

Bidders are advised to g() thr()ugh the wcbsit,c vVIvw.iba www.unionbankofindia.co.in t.cndcrs for dctailcd terms and conditions of I Auction Sale before submitting their bids and taking part in the E-Auction I sale pr()ceedings.

I::dc:[eisgsf=r]o:]edsdserw]LLbe}ntLmatedthroughc-mallaftertheclosingofthcc_(•,I `---

``?' 10. The in-tc+nding biddcrs-may, if t.hey cLo(]usc, aft;*r-taking prit>r app()intin6nt T| from the Authoriscd ()fficcr, inspect the imm()vable/movable secured assets i I() bc s()1d bcf()rc the date of E-Auction. It shall be the responsibility ()f the bidders to inspect and satisfy themselves about the assets and spccificati()n before submitting the bid. On

participation by any pcrs()n or c()rp()rate it shall be dccmed that t.he bidders have fully sat.isfied t.hcmselvcs as to the property under Sale in all respect.s.

i i. |nL -aasc t]f bidding t.he same sha-11 no-i ~b6-i-e~s-slLan-in;: -faie6-ds-ie~ie-¢isie--in~ \ cxccss of highest bid amount ()r the immediate preceding bid, as the case i may be wit.h multiple increment value of Rs. #,®®ffi®ffi#®ee ) 12. i`hc s-ale wi-1l bc ct]nfirmcd in favt>ur of the highest bidder and the I

c()nfirmation ()r sale shall bc subject t.o the confirmat.ion by the Secured , t Creditor. In case ()f single bid rcccivcd, the sole bidder shall be declared as I

the successful bidder.

_ --..--- ^ .-'` ______I._._ __1 13. Bids once made shall not bc cancallcd t]r withara-wn. The failure on part I ()I bidder t() c()mply with any ()f the terms and condit.ions of c-auction, mentioned herein will result in f()rfeit.ure of the am()unt paid by t.he bidder. 14. --The ;-i-c'cessf-rii bida-6i--`;o dcd-ared by the-Ati-t-h-6ris6a--()-rficer shall deposit 125t'/t> of the Sale Price (inclusive of EMD) in Cash/DD/RTGS/NEFT/Internet I t.ransfcr /Cheque subject to rcalisati()n, immediately on the sale day or not (

later t.han next w()rking day with the Aut.horised ()fficcr in the account I

I bearing Number A/c. No: 548601020050005; AC Name: E AUCTION SARFAESIA, I t Union 13ank of India, Sulur Branch, through IFSC Code: UBIN0554863and the I I, balance 75°/o of t.hc Sale Price on ()r before 15th day of confirmat.ion of Sale I

()r within such cxtcndcd period as agreed upon in writing not exceeding 3 mont.hs.

In thc event ()f failure ()f the successful bidder to tender 25% ( 15°/o+EMD), of the sale price as per t.he terms of Sale, the EMD deposited by him shall be forfeitcd to secured creditor and the bid accepted shall stand cancelled aut()matically and the defaulting i;/r9.,ggrh.a,kya|l neit.her have claim ()n the property n()r on any part of the su for which it may be subsequently sold.

L-t,,-

•-:. . . ``- - In default of payment ()f balance amount of purchase price bcforc 15 days fr()in the dat.c of c()nfirmation ()f sale by the Secured Creditor ()r such extended period as may be mutually agreed up()n between the parties (n()t exceeding 3 months) the deposit of 25°/o of the amount ()I sale price made shall be forfeited and the property shall forthwith bc sold again and the defaulting purchaser shall forfeit all claim on the propcrt.y ()r t.() any part of the sum for which it may bc subsequently s()1d. 15. The Auirit>rised ()fficer may, vihcre the property st>1d is subject to any encumbrances, if hc thinks fit, allow t.he purchaser to deposit with him t.he money required to discharge the encumbrances and any interest due thereon together with such additi()nal amount that may bc sufficient to meet t.he c()ntingencies ()r further c()sis, c`xpcnses and interest as may be dct.crmincd by him. On such deposit of money for discharge of cncumbranccs, the Authorised ()fficer may issue or cause the purchaser t() issue the n()tices to the persons interested in or entitled to the money deposited with him and take steps to make the payment accordingly. 16. On c()nfirmati()n ()f sale by the secured credit()r and if the t.crms ()f I payment have been complied with by the successful t.endcrer / bidder, t.he Authorised ()fficcr shall issue a ccrtificat.e ()I sale ()f imm()vable property in fav()ur of the purchaser in Appendix-V to the Security Interest (Enforc(mcnt) Rules, 2002

) 17.-Legal dhargcs for convcivance, stamp duty and registration cThargcs as-i applicable will bc borne by the successful bidder.

18. As per Secti()n 194-IA of i-i-i= i-iiTct>ric i`ak~ A-c-i 1961, TDS @ 10/o will bet

I applicablc` ()n the sale pr()cceds whcrc the sale c()nsiderat.i()n ls |Rs.50,00,000/-(Rupees fifty lakhs) and above. The successful i bidder/purchaser shall deduct the TDS fr()in the sale price and deposit the ; same with the Income Tax Department in F()rm No.16-8, containing the i Bank's name and the PAN number as a seller and submit the original receipt o-r th6 Tijs -Certificate tt]-the BLank-.I (Appfi-6abic i-6~r~ i-Ii-m`6-Jab-i-e-p-i-6ja-ify~, -t->ifie-r| than Agricultural land)

19.- The Autht>-ri`sed ()fficcr will dclivc-r t.hc property on -iric -bas-i; symbolic/physical p()sscssion taken to the purchaser frcc from) cncumbranccs, known to the Sccurcd Credit()r ()n dcp()sit of money by the I purchaser towards the discharge of such encumbrances. I 2o.Th~eccrt.ificatct>fsalcwill+bcissucdspcc-1-ficallym-cL-tiainL'a~wii€tL-erTfie1,

purchaser has purchased the immovable/in()vable secured assets free from i any encumbrances kn()wn to the secured credit()r ()r n()i. N() request for I change of name in the sale ccrtificat.c ()ther t.han the pers()n who submitt.ed I the bid/participated in the auction will be cntertaincd. I _ __._. . A_. __ _._.^_ ___._ ------.------+ 21. The rin-;-i-djcs;iul Bidders who have dcpt]sited EMD shall be entitled t.o I have the same rcfundcd with()ut any int.crest immediately after the I confirmati()n ()f sale by the Auth()rised ()fficcr in favour ()f successful bidder. I The unsuccessful bidder is rcquircd t() place request for refund wit.h i ±rfuJL±±mstcecommerce.com/auctionhome/ibapi/index:jfi The EMD ()f unsuccessful bidders will bc rcfundcd to their rcspcctive A/c N(). as rcgistcrcd in c-Aucti()n P()rtal www.mstccc()mmcrce.c()in. The The bidders will n()i be entitled t.o claim any interest., cost.s, cxpcnses and any other charges (if any) . 122. If t.hc Borrower wcrc t() pay t.() t.hc Ai`thz')ris-e-d Officer the entire amount duc, with the up-i()-date cxpcnscs including the cxpcnses in taking

I possession and conducting the sale, t.() the sccurcd credit.or before e-Auction, i the sale by E auction may bc canccllcd by the Authorised Officer. r23-:-Bank, the Secured Creditt]r, rcscrvcs t.hc right to;-cc6-bt / reje-ct t-fie ' highest bid without assigning any reas()n thcrcof ()r to cancel lhc sale. ,

24. In c-asc any dispute arise-s as t.() t.hc Validity ()I-thchbid(s);-amoun-i of-I;id, `i EMD ()r as to the eligibility of the bidder, auth()rity of t.he person representing I t.he bidder, the intcrprctati()n and decision of the Bank shall be final. In such I an eventuality, the Bank shall in its sole discretion bc entitled to call off the ; sale and put the pr()pcrty t() sale ()ncc#gaen=rft? any date and at such time as 4',., may be decided by the Bank

i*l.``J}`j;J5 25-. -ifi--: -t]aLk/-s:`iivicG -pfa-vid-;r ft>r c-auctit>n shall not have any liability towards bidders f()r any interrupti()n ()r delay in access to the site irrcspcctivc ()f the causes. L______.___ ------` ______-_.. _ -__-__ __ -__``____ -__ _ _ I 26. The above movable/immovable secured asset.s will be s()1d in "As is ) I where is", "As is What is" and "whatever there is" conditi()n. I 27. The-cn-tire sal-a cans-idcratitjri shall bc cxclJsively available for ', i appr()priati()n t.()wards dues to t.he Bank and it is exclusive ()f encumbrances (

I of all st.atutory dues and other dues if any, all of which have to be paid / I( ; settled by the pr()posed purchaser out of his ()wn sources. r2-8. ~~-'-fo iriaT t>€--st-`6i i-iiarri-ation~ and-kiiowledge t>f t.hc Autht>riscd Officer, there is n(>

I encumbrance ()n the property. I{()wcver lhc int(mding bidders sh()uld make lhcir ()wn i independent (-inquiry regarding the encumbrances, title of the property put on auction and the claims / rights/ dues affecting the pr()perty, pri()r to submitting their bid. The E Aucti()n advertisement does not constitute and will not bc decmcd to c()nstitutc any commitment or I any representati()n ()f the 13ank to sell the pr()pcrty and the Auth()riscd Officer has right to I cancel the auction with()ut assigning any reason. The Authoriscd Officer/ Secured Creditor

I shall not bc responsible in any way for any third party claims/rights/dues.

Contact person M()ORTIII V(Chief Manager) 9003223669

Place: Coimbatore Date: 08-10-2020 CHEERER ASSFT REC¢VER~Y REAhTCI I u N I oN;! 8 AN K () F nti+ I) I A

•,- `.h- _i. i_J I rf + --` r -i`i