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

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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 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 For detailed terms and conditions of the sale, please refer to the link provided in State Bank of India, the secured Creditor website www.sbi.co.in. (https://sbi.auctiontiger.net) specific link created for the auction. 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. 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 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.
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