The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039 Tel

The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039 Tel. No: (0484) 2771300, 2415566 , E-mail: [email protected]

TENDER CUM AUCTION SALE NOTICE

WHEREAS the Authorised Officer of the Bank had issued Demand Notice dated 18.01.2011 and 16.10.2015 to the borrower 1) M/s. Varkeys Retail Ventures (Pvt) Ltd,Regd Office at 32/1174 E, Civil Lane Road, Palarivattom Ernakulam 682025, 2) Mr. P.I. Dennis, S/o Late P.V. Ittiachan, House No.36/2146 , Shenoy Road ,Kaloor, Kochi 682017, Also at

Alappat Palathingal, Varkeys Bhavan, Lourdhpuram, Thrissur -5, 3) Mr. Toby Alappat S/o. Late P.V.Ittiachan, House No.36/2146 ,Shenoy Road ,Kaloor, Kochi 682017, Also at Alappat Palathingal, Varkeys Bhavan, Lourdhpuram, Thrissur

-5, 4) Mr. Seby Alappat , S/o. Late P.V. Ittiachan, Alappat Palathingal, Varkeys Bhavan,Lourdhpuram,Thrissur -5,

5) Mrs. Thressiamma Ittiachan , W/o. Late P.V. Ittiachan, Alappat Palathingal, Varkeys Bhavan, Lourdhpuram,Thrissur -

5, 6) Mrs. Rosamma Varkey , W/o. Late Varkey, Alappat Palathingal, VII/448/1,Ancherry P.O., Thrissur -680006, Also at

Alappat Palathingal, Varkeys Bhavan, Lourdhpuram, Thrissur -5, 7) Mr. Vinu Varkey alias Renju alias Itty, S/o. Late

Varkey, Alappat Palathingal,V11/448/1,Ancherry P.O., Thrissur -680006, Also at Alappat Palathingal, Varkeys Bhavan,

Lourdhpuram, Thrissur -5, 8) Ms. Neethu Varkey, D/o. Late Varkey, Alappat Palathingal,V11/448/1,Ancherry P.O.,

Thrissur -680006, Also at Alappat Palathingal, Varkeys Bhavan, Lourdhpuram, Thrissur -5, 9) Ms. Anu Varkey, D/o.

Late Varkey,Alappat Palathingal,V11/448/1,Ancherry P.O Thrissur - 680006, Also at Alappat Palathingal, Varkeys

Bhavan, Lourdhpuram, Thrissur -5 guarantors/co-obligants, under section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as ‘The Act’) and has taken possession of the immovable properties more fully described in the Schedule hereunder under Section

13(4) of the Act read with Rule 8 of the Security Interest (Enforcement) Rules, 2002 on 1.10.2011 & 19.01.2016

AND WHEREAS, the borrowers / co-obligant / guarantors have failed to pay the entire amount, Notice is hereby given that out of the secured immovable properties, the immovable properties more fully described in the Schedule hereunder will be sold by way of Tender Cum Auction on “as is where is” basis and “as is what is” condition, on the date and at the place mentioned herein below for realization of a sum of Rs.32,85,31,726/- (Rupees Thirty Two Crores Eighty Five Lakhs Thirty One Thousand Seven Hundred and Twenty Six Only) as on 14.12.2016 together with further interest and cost from 15.12.2016 in the account of M/s Varkeys Retail Ventures (P) Ltd subject to the following terms and conditions: -

------The South Indian Bank Ltd, Regd. Office : SIB House, T. B. Road, Mission Quarters,Thrissur – 680 001Kerala Telephone Number : +91-487-2420020 Fax Number : +91-487-2442021 E-Mail : [email protected] Corporate Identity Number : L65191KL1929PLC001017L65191KL1929PLC001017 Website : www.southindianbank.com

The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039 Tel. No: (0484) 2771300, 2415566 , E-mail: [email protected]

SCHEDULE Item No.1

Property Owner Mr.Dennis,Mr.Toby Alappat,Mr.Seby Alappat,Mrs.Thressiamma Ittiachan,Mrs.Rosamma

Varkey,Mr.Itty @Ranju @Vinu Varkey,Ms.Neethu and Ms.Anu.

Description of All that part and parcel of Land having an extent of 11.33 Ares equivalent to 28.000 cents with property building bearing No.TMC 17/283 ,17/284, 17/285 (Plinth area of building - 299.51 sq.mts in ground floor ,324.06 Sq.mts in First Floor and a shed of 126.67 sq.mts) and all other improvements thereon,

in Sy. No. 597 Part of Chembukkavu Village (erstwhile Thrissur Village), Thrissur Taluk, and Thrissur District bounded on the East by property of Pullockaran, South by Chakkalakkal Jose & others

(Poovathingal James and Joy), West by property of Chackola Varghese and North By Mukkattukara

road.

Reserve Price Rs.2,70,00,000/- (Rupees Two Crores Seventy Lakhs Only) Earnest Money Rs.27,00,000/- (Rupees Twenty Seven Lakhs Only) Deposit(EMD) Date & Time of 31.01.2017 at 12.30 P M Sale Place of Sale The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039

Item No.2 Property Owner Mr. Dennis P. I., Mr. Toby Alapat, Mrs. Rosamma Varkey, Ms. Neethu Varkey, Ms. Anu Varkey & Mr. Vinu Varkey @ Itty @ Renju All that part and parcel of land admeasuring 17.80 Ares (equivalent to 44 cents) together with all improvements and rights acquired thereon, situated in Sy. No.1333 part of Thrissur Village, Thrissur Taluk, Thrissur SRO, Thrissur District and owned by Mr. Dennis P. I., Mr. Toby Alapat, Mrs. Rosamma Varkey, Ms. Neethu Varkey, Ms. Anu Varkey & Mr. Vinu Varkey @ Itty @ Renju, comprising of following extents ; i) land admeasuring 1.62 Are in Sy. No.1333 Part, covered under sale deed No.5538/81 dated 25/09/1981 of SRO Thrissur. ii) land admeasuring 1.62 Are together with pathway 0.42 Are in Sy. No.1333 Part, covered under sale deed No.5565/81 dated28/09/1981 of SRO Thrissur. ------The South Indian Bank Ltd, Regd. Office : SIB House, T. B. Road, Mission Quarters,Thrissur – 680 001Kerala Telephone Number : +91-487-2420020 Fax Number : +91-487-2442021 E-Mail : [email protected] Corporate Identity Number : L65191KL1929PLC001017L65191KL1929PLC001017 Website : www.southindianbank.com

The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039 Tel. No: (0484) 2771300, 2415566 , E-mail: [email protected]

iii) land admeasuring 2.02 Are in Sy. No.1333 Part, covered under sale deed No.5616/81 dated 25/09/1981 of SRO Thrissur iv) land admeasuring 1.82 Are in Sy. No.1333 Part, covered under sale deed No.5615/81 dated 25/09/1981 of SRO Thrissur. v) land admeasuring 1.82 Are in Sy. No.1333 Part, covered under sale deed No.5618/81 dated 25/09/1981 of SRO Thrissur. vi) land admeasuring 1.62 Are in Sy. No.1333 Part, covered under sale deed No.5497/81 dated 25/09/1981 of SRO Thrissur. vii) land admeasuring 2.02 Are in Sy. No.1333 Part, covered under sale deed No.5617/81 dated 25/09/1981 of SRO Thrissur. viii) land admeasuring 2.43 Are in Sy. No.1333 Part, covered under sale deed No.5536/81 dated 25/09/1981 of SRO Thrissur. ix) land admeasuring 2.43 Are in Sy. No.1333 Part, covered under sale deed No.5537/81 dated 25/09/1981 of SRO Thrissur.

Boundaries;

East : Marar Road & Property of Saraswathi Amma North : Property of Ammini Amma South : Road & Property of Saraswathi Amma West : Property of R Ramakrishna Iyer & T. C. Narayana Menon.

Reserve Price Rs.8,10,00,000/- (Rupees Eight Crores Ten Lakhs Only) Earnest Money Rs.81,00,000/- (Rupees Eighty One Lakhs only) Deposit(EMD) Date & Time of 31.01.2017 at 12.30 P M Sale

Place of Sale The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039

The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039 Tel. No: (0484) 2771300, 2415566 , E-mail: [email protected]

TERMS AND CONDITIONS

1) The property will be sold on “as is where is” basis and “as is what is” condition and the Bank is not responsible for title, condition or any other fact affecting the property. The particulars furnished regarding the secured asset is stated to the best of information of the Bank and the Bank will not be answerable for any error, misstatement or omission. 2) The proposed Tenderers shall read and understand the terms and conditions mentioned in the Tender Sale Notice which is published by the Bank in its Website/ Ernakulam M G Road Branch and Ernakulum Regional Office at the above address and also visit the scheduled properties and satisfy as to its area, boundaries etc, ownership, title, encumbrances, statutory approvals, measurements etc. The Bank shall not entertain any dispute regarding the Tender process or the scheduled property after participating in the sale.

3) Interested Tenderers shall produce a copy of any valid photo identity/ address proof. In case, the Tenderer is participating on authorization, he should produce the ID proof of himself and the Tenderer. 4) E.M.D shall be paid by way of DD drawn in favour of “The Authorised Officer, The South Indian Bank Ltd” payable at Ernakulam. All other amounts payable regarding the sale may be paid by way of DD/ RTGS drawn in favour of “The Authorised Officer, The South Indian Bank Ltd.” payable at Ernakulam. 5) Interested Tenderers shall submit Demand Draft for the EMD at The South Indian Bank Ltd., Ernakulam Regional Office, along with the Tender in a sealed cover before 12.00 Noon on 31.01.2017. Tender format shall be obtained from The South Indian Bank Ltd., Ernakulam Regional Office. 6) The Right of entry to the place of sale will be restricted to the Tenderers who have submitted the Tender letter and EMD in a sealed cover within the stipulated time or within such time as may be decided by the Authorised officer at his sole discretion. 7) The Authorised Officer has got right to cancel/ postpone the Auction without assigning any reason whatsoever. Further, the Authorised Officer shall have the discretion to accept, reject or return any or all the Tenders already submitted and the Bank will not entertain any claim or representation in that regard from the Tenderers. 8) The Sealed Tenders will be opened by the Authorised Officer on 31.01.2017 at 12.30 PM. Any tender received quoting a price below the Reserve Price will be rejected outright. 9) After opening the tenders, the Tenderers who are present may be given an opportunity at the discretion of the Authorised Officer to have inter se bidding among themselves to enhance their offer price.

The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039 Tel. No: (0484) 2771300, 2415566 , E-mail: [email protected]

10) The Successful Tenderer should pay 25 % of the tender amount (less EMD) on receipt of bid acceptance letter or not later than the next working day after the date of sale and the balance 75% amount within 15 days of the sale, failing which the entire amount paid by the Tenderer shall be forfeited by the Authorised Officer, without any notice and the sale will be cancelled and the property will be brought to sale again.

11) The sale is subject to confirmation by the Authorised Officer, who shall have right to cancel the sale also notwithstanding that the successful Tenderer has remitted the 25% of Sale amount. Further, the sale is also subject to confirmation by the Secured Creditor.

12) On the sale being confirmed and on receipt of the entire sale proceeds by the Authorised Officer, the successful Tenderer will be issued with a Sale Certificate as per the terms and conditions of the Bank and the SARFAESI Act. The successful Tenderer should pay all the existing dues etc., to the Government/ Local Authorities including charges/ fees payable for registration of sale certificate such as registration Fees, Stamp Duty etc., as applicable as per law.

13) The Authorised Officer or Bank will not be held responsible for any charge, lien, encumbrance, property tax or any dues to the Government or anybody in respect of the properties under sale.

14) The successful Tenderer shall pay all Taxes/ Electricity/ Water/ Sewerage Charges or any other charges demanded by any authority after the acceptance of the bid, even if it pertains to previous periods.

15) The Successful Tenderer shall, at his cost, get the Electricity/ Water/ Sewage connection etc. and any other common services transferred in his name.

16) The Authorized Officer has obtained Encumbrance Certificate in respect of item no.1 property from 01.01.2005 to 13.10.2016 and it contains an encumbrance of party No.1 by virtue of execution of sale deed no.454/2008 by party no.5.However the said deed has to be treated as non est since party no.5 was having no authority to execute the said sale deed. The said encumbrance certificate also contains the DRT order in favour of Federal bank in OA NO.446/2012 .However the said encumbrance have been created after the mortgage of the property in favour of The South Indian bank.

The South Indian Bank Ltd., Regional Office, Ernakulam SIB Building, Infopark Road, Rajagiri Valley.P.O, Kakkanad, Kochi-682 039 Tel. No: (0484) 2771300, 2415566 , E-mail: [email protected]

17) The Authorized Officer has obtained Encumbrance Certificate in respect of item no.2 property from 01.01.2005 to 13.10.2016 and it contains several attachments/injunction of Thrissur Munsiff’s Court in favour of many Chit companies. However the said encumbrance has been created after the mortgage of the property in favour of The South Indian bank. 18) For any further information and for inspection of property, the intended Tenderers may contact the Authorized Officer or The South Indian Bank Ltd., Ernakulam M G Road Branch during working hours.

19) This may be treated as notice to the borrowers/ co-obligants/ guarantors informing them that the properties will be sold if the entire amount due to the Bank being Rs.32,85,31,726/- (Rupees Thirty Two Crores Eighty Five Lakhs Thirty One Thousand Seven Hundred and Twenty Six Only) as on 14.12.2016 together with further interest and cost from 15.12.2016 and other costs and charges, is not remitted on or before the date fixed for sale.

Date :15.12.2016 AUTHORISED OFFICER Place : Ernakulam (Chief Manager)