STATE BANK of INDIA Stressed Assets Recovery Branch (13165) Madurai

STATE BANK OF INDIA Stressed Assets Recovery Branch (13165) Madurai

Authorised Officer’s Details:- Address of the Branch: Name: N S Gunasekar No. 8, Dr. Ambedkar Road Mobile: 8300768489 Vinayaga Nagar Branch First Floor E-mail ID of Branch : [email protected] Madurai – 625 020 Landline No.(Off):-0452-2531047, 0452-2531821 Phone : 0452 - 2531047 SALE NOTICE FOR SALE OF MOVABLE & IMMOVABLE PROPERTIES

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 movable & immovable properties mortgaged to the Secured Creditor, the constructive possession of which has been taken by the Authorised Officer of State Bank Of India, the Secured Creditor, will be sold on “ As is Where is”, As is What is” and Whatever there is” on 05.09.2020, for recovery of Rs.3,60,08,879.36 (Rupees Three crores sixty lakhs eight thousand eight hundred seventy nine and paise thirty six only) dues as on 31.07.2020 and interest from that date and legal and other charges etc., to the secured creditor from Sri.N.Parthiban S/o T.Nataraja Nadar (Proprietor), Smt.P.Latha W/o N.Parthiban (Guarantor) as collateral securites for the credit facilities availed by M/s.Nataraj Arts Craft and Sri.N.Parthiban S/o T.Nataraja Nadar (Partner), Smt.P.Latha W/o N.Parthiban (Partner) as collateral securites for the credit facilities availed by M/s. Sri Balaji Paper Products. The reserve price will be Rs.68,25,000/- (Rupees sixty eight lakhs and twenty five thousand only) and the earnest money deposit will be Rs.6,82,500/- (Rupees Six lakhs eighty two thousand and five hundred only)

Short description of the immovable property Item No. 1 Vacant Plot at T.S.No.24/3, Ward F, Block No.4, Plot No.3, Nattamai Nagar, Chairman N.P.S.N. Arumuga Nadar Road, Sivakasi, Virudhunagar District measuring 2290 Sq.ft. belonging to Smt.P. Latha. Boundaries: North: T.S.No.26, Vacant Land and Mr.A.Shanmugaia South : 20 feet Road and Plot No.10 & Parameswari Ammal Illam East : Plot No.2; West : Plot No.4

Item No. 2 Vacant Plot at T.S.No.24/3, Ward F, Block No.4, Plot No.5, Nattamai Nagar, Chairman N.P.S.N. Arumuga Nadar Road, Sivakasi, Virudhunagar District measuring 3095.16 Sq.ft. belonging to Smt.N. Parthiban. Boundaries:1 North : T.S.No.25, Vacant Land South : 20 feet road and Plot No.8 East : Plot No.4 West : Plot No.6

Item No. 3 Vacant Plot at S.No.465, Plot No.157,205,209 & 224 Mariamman Nagar, Anuppankulam Village, Sivakasi Sub Division, Virudhunagar District with an extent of 4800 Sq.ft. belonging to Shri N. Parthiban. Boundaries: North : 20’0” wide east – west road South : Plot Nos.156, 206, 208 & 225 East : Plot No.229 West : 30’0” wide north – south road

Item No. 4 Vacant Plots at S.No.467/1 & 469, Plots No.1 to 34, Sri Mariamman Nagar, Anuppankulam Village & Panchayat, Sivakasi Union & Taluk, Virudhunagar District with an extent of 60147 Sq.ft. belonging to Shri N. Parthiban. Boundaries: North : Boundary of Naranapuram Village South : S.No.473, Vacant land East : 30’0” wide north – south road West : S.No.470 Vacant land

Date : 06.08.2020 Place: Madurai AUTHORISED OFFICER, STATE BANK OF INDIA. SARB, MADURAI-20. THE TERMS AND CONDITIONS OF SALE TO BE UPLOADED ON THE WEBSITE OF THE SECURED CREDITOR.

PROPERTY WILL BE SOLD ON 05.09.2020 “AS IS WHERE IS, AS IS WHAT IS AND WHAT-EVER THERE IS” BASIS

M/s. Nataraj Arts Craft Sri. N.Parthiban S/o T.Nataraja Nadar (Proprietor) Smt.P.Latha W/o N.Parthiban (Guarantor)

Residence: Factory : D.No.105, TCN, Street, D.No.3/707-K, Sattur Road, Sivakasi Tk, Sivakasi Taluk, Paraipatti, Virudhunagar – 626123 Sivakasi – 626189 1 Name and address of the Borrower M/s. Sri Balaji Paper Products Sri. N.Parthiban S/o T.Nataraja Nadar (Partner) Smt.P.Latha W/o N.Parthiban (Partner)

Residence: Factory : D.No.105, TCN, Street, D.No.3/658, Sattur Road, Sivakasi Tk, Near PRC Bus Depot, Virudhunagar – 626123 Sivakasi – 626189 State Bank of India Name and address of Branch, the Stressed Assets Recovery Branch 2 No. 8, Dr. Ambedkar Road secured creditor Vinayaga Nagar Branch 1st Floor Madurai – 625 020 3 Complete Description of the secured Item No. 1 assets to be sold with identification Vacant Plot at T.S.No.24/3, Ward F, Block No.4, Plot No.3, marks or number, if any, on them Nattamai Nagar, Chairman N.P.S.N. Arumuga Nadar Road, Sivakasi, Virudhunagar District measuring 2290 Sq.ft. belonging to Smt.P. Latha. Boundaries: North: T.S.No.26, Vacant Land and Mr.A.Shanmugaia & Parameswari Ammal Illam South : 20 feet Road and Plot No.10 East : Plot No.2 West : Plot No.4

Item No.5 Vacant site at S.No.79/1 & 88/4, Plot No.1-26 in Sree Maha Nagar, Thayilpatti Village, Vembakottai Panchayat Union, Sivakasi Sub Registrar and Virudhunagar District Registrar measuring 157053.50 Sq.ft. belonging to Shri P. Rajaguru S/o Shri N. Parthiban. Boundaries: North : S.No.88/3 South : 20’0” wide east – west common pathway East : S.No.87 West : 30’0” wide north – south common pathway Details of the encumbrances known It is observed from EC dated 24.05.2017 that a portion of to the secured creditor. factory land was sold by one of the partners 4 Sri.A.Neerathilingam. As per Module Law Officer’s suggestion, a letter was sent to the SRO Sivakasi conveying that the sale is invalid in the eye of law as per the property is under mortgage. The secured debt for recovery of Rs.3,60,08,879.36 (Rupees Three crores sixty lakhs eight which the property is to be sold thousand eight hundred seventy nine and paise thirty six only) dues as on 31.07.2020 interest from that date and legal and 5 other charges etc., SARFAESI: Demand notice under Section 13(2) issued on 23.09.2014 and Symbolic possession taken under Section 13(4) taken on 08.12.2014. Deposit of earnest money EMD: For Item No.1 - Rs.92,800/- (Rupees Ninety two thousand and eight hundred only) Item No.2 – Rs.94,000/- (Rupees Ninety four thousand only) Item No.3 – Rs.15,600/- (Rupees Fifteen thousand and six hundred only) Item No.4 - Rs.1,58,900/- (Rupees One lakh fifty eight 6 thousand and nine hundred only) Item No.5 – Rs.3,21,200/- (Rupees Three lakhs twenty one thousand and two hundred only) being the 10% of Reserve price to be remitted by RTGS/NEFT to the Bank account or Demand Draft draw in favour of SBI account (unit name) Name of the Branch drawn on any Nationalised or Scheduled Bank Reserve price of the movable secured For Item No.1 - Rs.9,28,000/- (Rupees Nine lakhs and twenty assets: eight thousand only) Item No.2 – Rs.9,40,000/- (Rupees Nine lakhs and forty thousand only) Item No.3 – Rs.1,56,000/- (Rupees One lakh and fifty six Bank account in which EMD to be thousand only) remitted. Item No.4 - Rs.15,89,000/- (Rupees Fifteen lakhs and eighty nine thousand only) Item No.5 – Rs.32,12,000/- (Rupees Thirty two lakhs and twelve thousand only) 7 Deposit through EFT / NEFT / RTGS / transfer in favour of “COLLECTION A/C STRESSED ASSETS RECOVERY BRANCH, MADURAI” to the credit of SBI A/c. No.

38676668762, State Bank of India, No. 8, Dr. Ambedkar Road, Last Date and Time within which Vinayaga Nagar Branch, Madurai 625 020, Branch Code: EMD to be remitted: 01479, IFSC Code No.SBIN0001479 or by way of demand draft drawn in favour of State Bank of India, Stressed Assets Recovery Branch, Madurai drawn on any Nationalized or Scheduled Bank.

On or before 03.09.2020 up to 4.00 p.m. Time and manner of payment The successful bidder shall deposit 25% of sale price, after adjusting the EMD already paid, immediately, i.e. on the same day or not later than next working day, as the case may be, after the acceptance of the offer by the Authorised Officer, failing which the earnest money deposited by the bidder shall be 8 forfeited. The Balance 75% of the sale price is payable on or before the 15th day of confirmation of sale of the secured asset or such extended period as may be agreed upon in writing between the Secured Creditor and the auction purchaser not exceeding three months from the date of auction. 9 Time and place of public auction or Date: 05.09.2020 Time: 60 Minutes time after which sale by any other 11.00 A.M. to 12.00 noon with unlimited extensions of 5 Minutes mode shall be completed. each. 10 The e-auction will be conducted M/s. e-Procurement Technologies Ltd (ETL) at the web portal through the Bank’s approved service (a) www.sbi.co.in (b) https://sbi.auctiontiger.net provider. E-auction tender documents containing e-auction bid form, declaration etc., are available in the website of the service provider as mentioned above 11 (i) Bid increment amount: Item No.1,2,3,4 & 5 - Rs.10,000/- (ii) Auto extension: ______times. Unlimited (limited / unlimited) (iii) Bid currency & unit of Rupees measurement 12 Date and Time during which inspection of the movable & On 01.09.2020 between 11.00 a.m. and 4.00 p.m. immovable assets to be sold and intending bidders should satisfy themselves about the assets and their Shri.A.S.Dhanapalan, Ph: 94458 60631. specification.

Contact person with mobile number

13 Other conditions : (a) Bidders shall hold a valid digital Signature Certificate issued by competent authority and valid email ID (e -mail ID is absolutely necessary for the intending bidder as all the relevant information and allotment of ID and Pass word by M/s M/s. e-Procurement Technologies Limited (Contact No. 079-40230830 / 40230816/817/818/819/820. Fax No. 079-40016816/876) may be conveyed through e mail or Contact Details – Mr. Praveen Kumar Thevar and Mr.Kaviarasu Ramaraj Mobile Nos. 09722778828 / 9655591945 or through e-mail [email protected] [email protected] [email protected] (b) The intending bidder should submit the evidence of EMD deposit like UTR number along with Request letter for participation in the E/auction, self-attested copies of (i) Proof of Identification(KYC) Viz ID card/Driving License/Passport etc., (ii) Current Address -proof of communication, (iii) PAN card of the bidder(iv) valid e-mail ID, (v) contact number(mobile/Land Line) of the bidder etc., to the Authorised Officer of State Bank Of India STATE BANK OF INDIA, Stressed Assets Recovery Branch, Madurai by 03.09.2020 up to 4.00 p.m. Scanned copies of the original of these documents can also be submitted to e-mail Id of Authorised Officer (c) Names of Eligible Bidders will be identified by the State Bank of India STATE BANK OF INDIA, Stressed Assets Recovery Branch, Madurai – 625 020 to participate in online e-auction on the portal https://sbi.auctiontiger.net, M/s. e-Procurement Technologies Ltd., will provide User ID and Password after due verification of PAN of the Eligible Bidders (d) The successful bidder shall be required to submit the final prices, quoted during the e-auction as per the annexure after the completion of the auction, duly signed and stamped as token of acceptance without any new condition other than those already agreed to before start of auction. (e) During e-auction, if no bid is received within the specified time, State Bank of India at its discretion may decide to revise opening price/ scrap the e-auction process/ proceed with conventional mode of tendering. (f) The Bank/ service provider for e-auction shall not have any liability towards bidders for any interruption or delay in access to the site irrespective of the causes. (g) The bidders are required to submit acceptance of the terms & conditions and modalities of e- auction adopted by the service provider before participating in the e-auction. (h) The bid once submitted by the bidder, cannot be cancelled/withdrawn and the bidder shall be bound to buy the property at the final bid price. The failure on the part of bidder to comply with any of the terms and conditions of e- auction, mentioned herein will result in forfeiture of the amount paid by the defaulting bidder. (i) Decision of the Authorised Officer regarding declaration of successful bidder shall be final and binding on all the bidders. (j) The Authorised Officer shall be at liberty to cancel the e-auction process/tender at any time, before declaring the successful bidder, without assigning any reason. (k) The bid submitted without the EMD shall be summarily rejected. The property shall not be sold below the reserve price. (l) The conditional bids may be treated as invalid. Please note that after submission of the bid/s, no correspondences regarding any change in the bid shall be entertained. (m) The EMD of the unsuccessful bidder will be refunded to their respective A/c numbers shared with the Bank. The bidders will not be entitled to claim any interest, costs, expenses and any other charges (if any). (n) The Authorised Officer is not bound to accept the highest offer and the Authorised officer has absolute right to accept or reject any or all offer(s) or adjourn/postpone/cancel the auction without assigning any reason thereof. The sale is subject to confirmation by the secured creditor. (o) In case of forfeiture of the amount deposited by the defaulting bidder, he shall neither have claim on the property nor on any part of the sum for which may it be subsequently sold. (p) The successful bidder shall bear all the necessary expenses like applicable stamp duties/additional stamp duty/transfer charges, Registration expenses, fees etc. for transfer of the property in his/her name. (q) The payment of all statutory /non- statutory dues, taxes, rates, assessments, charges, fees etc., owing to anybody shall be the sole responsibility of successful bidder only. (r) In case of any dispute arises as to the validity of the bid (s), amount of bid, EMD or as to the eligibility of the bidder, authority of the person representing the bidder, the interpretation and decision of the Authorised Officer shall be final. In such an eventuality, the Bank shall in its sole discretion be entitled to call off the sale and put the property to sale once again on any date and at such time as may be decided by the Bank. For any kind of dispute, bidders are required to contact the concerned authorised officer of the concerned bank branch only. (s) The sale certificate shall be issued after receipt of entire sale consideration and confirmation of sale by secured creditor. The sale certificate shall be issued in the name of the successful bidder. No request for change of name in the sale certificate other than the person who submitted the bid/participated in the auction will be entertained.

Date : 06.08.2020 Place: Madurai AUTHORISED OFFICER, STATE BANK OF INDIA. SARB,MADURAI-20.