Sale of Immovable /Movable Assets Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

Stressed Assets Management Branch 15/38, SIC Building, First Floor, Anna Salai, Chennai – 600002 Mobile: 9445039441/044 2842 0002 Email: [email protected] [email protected]

E-Auction sale Notice under SARFAESI Act 2002

Sale of Immovable /Movable 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. (Herein after referred to as the act). Notice is hereby given to the public in general and to the borrower/s and Guarantor/s in Particular that the Under mentioned Property mortgaged to Syndicate bank, the Possession of which had been taken by the authorized officer of the bank Under S.13 (4) of the Act will be Sold by E-Auction as Mentioned below for Recovery of Under mentioned dues and Further interest, Charges, and Costs etc. as detailed below.

The Property described below is being Sold on “As is Where is, whatever there is and without Recourse Basis” Under rule No. 8 & 9 of the Security Interest (Enforcement) Rules (hereinafter referred to as the rules) for Recovery of the dues detailed as under. M/s Reality Tex Yarn India Pvt. Ltd., Name and 189 Aerodrome Road, address of Near Star School, Borrower Singanallur, Coimbatore- 641005. Email: [email protected] Mobile: 91-9894295019. Office No.0422-2910333 1. Sri .N Dakshinamurthy (Managing Director) Name and Door No A004, Sneham Apartments,Anna Nagar, address of Peelamedu, Surety Coimbatore-641004. Cell No. 9894295019

2.Mr.S.Sudhakar (Additional Director) 15/1 Gopal Nagar, Ondipudur, Coimbatore- 641016 Cell No. 98940890561. 3. Mr.R. Ashok Kumar (Additional Director) Plot no.80 5th Street, Annai Velanganni Nagar, Phase 1 Madanandapuram,Porur, Chennai-600 116

4.Mr. R Kanthakumar (Additional Director) Site No.147, Padakke Gounder Street Ondipudur, Coimbatore – 641016 Cell No. 9994533664

5. Smt D Janaki, D No.5/22A/1, VSV Garden, Vadugupalayam Village, Pollachi Road, Palladam-641664. The total of ₹ 12, 20,58,616.47 (Rupees Twelve crore twenty lakhs fifty eight thousand amount due six hundred and sixteen and paisa forty seven only) as on 30.04.2019 Description Description of property of the Item 1. Property Owned by M/s Reality Tex Yarn India Private Limited: Immovable In Coimbatore Registration District, Singanallur Sub-Registration district, Coimbatore Properties Taluk, Uppilipalayam village, an extent of 2.22 acers in S.F No. 374/1 and an extent with the of 3.16 acers in S.F.No. 375/1 totaling 5.38 acres whose present survey numbers after sub-division are 374/1A to 4, 375/1A to F, jothi Nagar -2, in this the site No. 11 name of the with building with the following boundaries and measurements:- Owner. Boundaries:- North of : Property sold by Rangappa konar South of : 20’ East West Road East of : Site No. 12 belongs to Sri Jaganathan west of : Site No. 10 Belongs to S Arivali Measurements :- East-West on the North - 44 ½ ft East-West on the South - 44 ft North-South on the West - 69 ¼ ft North-South on the East – 69 ft Admeasuring an extent of 3060 Sq.ft or 7 Cents and 008 Sq.ft site together with the right to use layout roads, Cart tracks and all other common rights. The property situates within the limits of Coimbatore Corporation.

RESERVE PRICE : Rs. 72,00,000.00 ( Rs. Seventy two lakhs only) EARNEST MONEY DEPOSIT Rs. 7,20,000.00 (Rs. Seven lakh twenty thousand only)

Item 2 Property Owned by M/s Reality Tex Yarn India Private Limited (Unit-II- open end division): In Coimbatore Registration District, Sulur Sub-Registration district, Sulur Taluk, Kannampalayam village, an extent of 9.43 acers in S.F.No. 98/2(Kist Rs. 10.66), in this an extent of 12,966 Sq.ft with the following boundaries and measurements:

Bounded by: North of : the remaining property retained by V Murugesan South of : East West Road East of : an extent of 4585 Sq. ft belongs to Janagaraj and the property belongs to Smt Jayanthi, Sri Sathyamurthy. West of : Dhanalaskhmi Nagar layout. Measurements : East-West on the North - 111 ft East-West on the South - 132 1/2 ft North-South on the West - 108 ft North-South on the East – 105 ft Admeasuring an extent of 12966 Sq.ft or 1204.571 Sq.meter of land together with the buildings theron with doors, windoors, electricity service connection, its deposits, right to use East west road, electricity service connection No. 044-004-180.D.No. 2780 The property is situated in S.F No. 98/2 within the limits of Kannampalayam village panchayat.

RESERVE PRICE : Rs. 90,00,000.00 ( Rs. ninety lakhs only) EARNEST MONEY DEPOSIT Rs. 9,00,000.00 (Rs. Nine lakh only)

Item 3 Property Owned by M/s Reality Tex Yarn India Private Limited (Unit-II- open end division):

In Tirupur Registration District, Palladam Sub-Registration district, Palladam Taluk, within the limits of palladam Panchayat Union and Vadugapalayam Panchayat Board, Vadugapalayam village, an extent of 8.95 acres in S.F.No. 343/4(Kist Rs.7.25), in this an extent of 2.12 acres, with the following boundaries:- Boundaries:- East of - The land in S.F.No. 343/4 retained by V.Subbulakshmi and others West of - North South cart track in S.F No. 343/4E South of - The lands in S.F.No. 343/4C BNorth of – The lands in S.F.No. 343/4E Admeasuring an extent of 2.12 acres of lands(Kist Rs. 1.73) whose present survey number after re-survey is 343/4D together with buildings constructed theron with doors, windows, electricity service connection, its deposits, Bore well, 7 ½ HPEMP set, right to use roads, cart tracks and all other common rights. Door No. 378, Ward No. 1 And An extent of 6 cents of well area in S.F. No. 343/4E, in this common half share measuring 3 cents. Therefore a total extent of 2.15 acres of land.

RESERVE PRICE : Rs. 4,70,00,000.00(Rs. Four Crores seventy lakhs only) EARNEST MONEY DEPOSIT Rs. 47,00,000.00 (Rs. Forty seven lakhs only)

Item 4 Property Owned by Mrs. D.Janaki

In Tirupur Registration District, Palladam Sub-Registration district, Palladam Taluk, Vadugapalayam village, an extent of 3.92 acres in S.F.No. 7/1(Kist Rs. 3.20), in this an extent of 3.67 acres, in this the southern side portion measuring an extent of 1.83 ½ acres, in this an extent of 1.07 acres, in this an extent of 55 cents whose present survey number after sub- division is 7/1B with the following boundries:- East of - The lands in S.F.No. 7/1A West of - The lands in S.F.No. 7/1A North of - East west road South of - The lands in S.F.No. 7/1A Admeasuring an extent of 55 cents of land together with right to use roads and all other common rights.

RESERVE PRICE : Rs. 1,10,00,000.00(Rs. One crore ten lakhs only) EARNEST MONEY DEPOSIT Rs. 11,00,000.00 (Rs. Eleven lakhs only)

Item 5

Property Owned by Mrs. D.Janaki

In Tirupur Registration District, Palladam Sub-Registration district, Palladam Taluk, Vadugapalayam village, an extent of 3.92 acres in S.F.No. 7/1(Kist Rs. 3.20), in this an extent of 3.67 acres, in this the southern side portion measuring an extent of 1.83 ½ acres, in this an extent of 1.07 acres, in this an extent of 49 cents whose present survey number after sub- division is 7/1C with the following boundries:- East of - The lands in S.F.No. 9 West of - The lands in S.F.No. 7/3A North of - The lands in S.F.No. 7/2D South of - East West road Admeasuring an extent of 49 cents of land together with the buildings constructed theron with the doors, windows,electricity service connection, their deposits,right to use roads and all other common rights. Door No. 5/22A/1, pollachi road Property tax assessment No. 4716 Water connection No. 1838.

RESERVE PRICE : Rs. 1,00,00,000.00(Rs. One Crore only) EARNEST MONEY DEPOSIT Rs. 1,00,000.00 (Rs. One lac only)

Item 6 Property Owned by Mr.R. Kandakumar:

Item I In Coimbatore Registration District, Singanallur Sub-Registration district, Coimbatore Taluk, Singanullur village, an extent of 5 cents in S.F.Nos 142 and 145 as mentioned in the sale deed bearing Registration No. 580/1974, in this an extent of 888 Sq.ft with the following boundries and measurements:- Boundaries:- South of - Dhamodarasamy Naidu’s land North of - Subbian’s property East of - Kandakumar’s property West of - North South Padakke road Measurements:- East-West on both sides 37 ft North-South on both sides 24 ft Admeasuring an extent of 888 Sq.ft or 82.50 Sq meter or 2 cents and 16 Sq.ft of site. Item II In Coimbatore Registration District, Singanallur Sub-Registration district, Coimbatore Taluk, Singanullur village, Ondipudur Majra, an extent of 5.48 acres in S.F.No. 142 and an extent of 4.67 acres in S.F.No 145 totalling an extent of 10.15 acres, in this an extent of 2220 Sq.ft or 5 cents and 040 Sq.ft, in this the Northern portion measuring an extent of 888 Sq.ft or 2 cents and 017 Sq.ft with the following boundries and measurements:- Boundaries:- North of - Southern portion of the property belongs to Punithaveni,Rani and Jayasree South of - Dhamodarasamy Naidu’s property East of - Murugesan’s house West of - Kandakumar’s property Measurements:- East- West on the North - 37 ft East-West on the South - 37 ft North- South on the east - 24 ft North- South on the West - 24 ft Admeasuring an extent of 888 Sq.ft or 82.50 Sq meter or 2 cents and 16 Sq.ft of site. Item III In Coimbatore Registration District, Singanallur Sub-Registration district, Coimbatore Taluk, Singanullur village, Ondipudur Majra, an extent of 5.48 acres in S.F.No. 142 and an extent of 4.67 acres in S.F.No 145 totalling an extent of 10.15 acres, in this an extent of 2220 Sq.ft or 5 cents and 040 Sq.ft, in this the Southern side portion measuring an extent of 1332 Sq.ft in this the Northern side portion measuring an extent of 435 Sq.Ft or 1 cent or 40.41 Sq.meter with the following boundries and measurements:- Boundaries:- North of - the remaining property belongs to Punithaveni,Rani and Jayasree South of - Kandakumar’s property East of - Murugesan’s house West of - Subian’s house Measurements:- North-South on the West - 11ft 9 inches North-South on the East - 11ft 9 inches East-West on the South - 37 ft East-West on the North - 37 ft Admeasuring an extent of 435 Sq.ft or 1 cents and 40.41 Sq.meter of site. The above said items I,II and III measuring a total extent of 2211 Sq.ft of site together with the buildings constructed theron with doors,windoors,electricity service connection,water connection, their deposits, right to use cart tracks and all other common rights. The said three items of properties are adjacent to each other form as a single unit facing the east direction. The property situates on the western side of the North South Padakke Gounder street. Door No.. 147-1, Padakke street Tax assessment No. 594125 Water connection No. 5972591 Electricity service connection No. 041-001-226.

RESERVE PRICE : Rs. 70,00,000.00(Rs. seventy lakhs only) EARNEST MONEY DEPOSIT Rs. 7,00,000.00 (Rs. Seven lakh only)

Details of Nil Encumbranc e Over the Property as Known to the Bank

The details regarding E-Auction are mentioned below:

Date and time of E-Auction On 27.06.2019 between 11.00 A.M to 2.00 P.M

Reserve Price of Property Mentioned against each item.

E-Auction Website Address https://syndicatebank.auctiontiger.net

Earnest Money Deposit(EMD) Mentioned against each property

Last date for Submission of Bids 25.06.2019

Minimum Bid Increment amount Rs.50,000/.( Rupees Fifty Thousand only)

Date and Time of Inspection of Property 24.06.2019 (11.00 Am to 3.00Pm) for Intending Purchasers

Name and Address of the Contact M.Anbumani, Chief Manager (Authorised person /Authorised Officer of the Bank Officer), Syndicate Bank SAM Branch, 15/38, SIC Building 1st floor, Anna Salai, Chennai 600 002, Ph. 9443408696.

Contact details & Website address of [email protected]: online Service Provider (Name/Telephone training on e-auction from M/s E- No./Email id/Address) Procurement Technologies Limited, Ahmedbad, Contact Person: Praveen Kumar Thevar & Bharathi Raju (Chennai) 09722778828/08939000594(Contact No. 079-40230825/821/841/815/816) e-Mail, [email protected] & [email protected]

Terms and conditions

1. Sale is subject to the conditions prescribed in SARFAESI Act/Rules 2002 and the terms and conditions mentioned hereunder as also subject to conditions in the offer/bid documents to be submitted by the intending/participating bidders. 2. The sale process of above properties shall be conducted through e-auction only, on the said date ie. 27.06.2019 from 11.00 A.M to 02.00 P.M by the Bank’s e-auction service provider M/s e-Procurement Technologies (ABC Procure), Ahmedabad , Contact person Contact person : ( Praveen Kumar Thevar & Bharathi Raju (Chennai) 09722778828/ 08939000594 (Contact No. 079-40230825/ 821/ 841/ 815/816), e- mail, [email protected]& [email protected]) on the platform of the website ie https://syndicatebank.auctiontiger.net. The service provider will also provide training on e-auction, if required, to those bidders who will deposit EMD. 3. The EMD shall be deposited through RTGS/NEFT/Fund Transfer to the Credit of A/c No. 60023170000157, Mount Road branch Chennai, IFSC Code: SYNB0006002. Before submitting bids online, EMD can also be paid by way of Pay Order/Demand Draft in Favour of Syndicate bank payable at Chennai. 4. Bids shall be submitted in the prescribed format with relevant details. For details please contact M /s e-Procurement Technologies Limited (ABC Procures) [email protected] 5. The intending bidders should submit the duly filled in Bid form (format available in the above website) along with the DD/PO/quoting the UTR no. of NEFT/RTGS remittance towards EM D in a sealed cover addressed to the Authorised Officer,Syndicate Bank SAM Branch, 15/38, SIC Building 1st floor, Anna Salai, Chennai 600 002.so as to reach the same before 25.06.2019. The sealed cover should be super scribed with “Bid for participating in E- Auction Sale – in the A/c of M/s Reality Tex Yarn Pvt. Ltd. 6. Bidders shall be provided with the facility of online participation in the inter se auction bidding. Online bidding will take place at the Website of https://syndicatebank.auctiontiger.net and shall be subject to the terms and conditions mentioned herein as well as those given in the bid document. Further the sale shall be in accordance with the SARFAESI Act/Rules. 7. No person other than the intending bidder themselves, or their duly authorized agent shall be allowed to participate in the E Auction. 8. The intending participants of the e-Auction may download copies of sale notice, terms and conditions of e-auction, help manual on operational part of e-Auction and process compliance form related to this e-auction from the above mentioned website of service provider ie [email protected]. For the purpose of participation in e-auction, the intending bidders must have a valid digital signature, active e-mail ID and PAN Number. Any intending bidders presently not having digital signature may procure it from any Registering Authority (Certified by the Government of India) issuing of such signature. 9. It is the sole responsibility of the bidder to obtain the said Digital Signature Certificate and computer terminal system with internet connection to enable him/her to participate in the bidding. Any issue with regard to Digital Signature Certificate and connectivity during the course of the bidding online shall be the sole responsibility of the bidder and no claim in this regard shall be entertained by the Bank or the e-auction Service Provider. 10. Bidders can bid for all or any one of the lots. 11. Bidders are required to comply with KYC norms and provide self attested KYC documents online as well as offline on or before 25.06.2019. The genuinity of the KYC documents is the sole responsibility of the bidder 12. Offers that are not duly filled up or offers not accompanied by the EMD or offers received after the above date and time prescribed herein will not be considered/treated as valid offers, and accordingly shall be rejected. 13. After expiry of the last date of submission of bids with EMD, Authorised officer shall examine the bids received by him and confirm the details of the qualified bidders (who have quoted their bids on and above the reserve price and paid the stipulated EM D with the Bank along with other factors like valid KYC etc) to the service provider M/s e-Procurement Technologies Pvt. Ltd to enable them to allow only those bidders to participate in the online inter se bidding/auction proceedings at the date and time mentioned in E – Auction Sale notice. 14. Inter se bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders and bidders can bid in multiples of Rs.25000 (Depending on the value of the property) 15. Auction will be scheduled for an initial period of 60 minutes followed by unlimited extension of 5 minutes each viz. the auction will run for 60 minutes first and in case there is a valid bid received within last 5 minutes, the auction will get extended for another 5 minutes. The process will continue until there are no valid bids during last 5 minutes. 16. In no eventuality the property would be sold below the Reserve Price. 17. The property shall be sold to highest bidder, subject to acceptance of the bid by the secured creditor. 18. The successful applicant declared through the process of e-auction shall deposit 25% of the purchase amount (inclusive of EMD), immediately on closure of the e-auction sale proceedings through the mode of payment mentioned in Clause (3). The successful bidder is advised to note the business hours of the Bank to avoid technical issues/default. 19. The balance amount of the purchase money shall be paid to the Authorized Officer of the Bank on or before 15th day from the date of e- Auction or such extended period as agreed upon in writing by the Authorized Officer. In case of any default of respective payment within the stipulated period, the sale will automatically stand revoked and the entire deposit made by the bidder together with the earnest money shall be forfeited without any notice and the property shall be resold. The defaulting bidder shall not have any recourse/claim against the Bank/Authorized Officer. 20. The EMD of the unsuccessful bidders will be returned on the closure of the e- auction sale proceedings. 21. The successful bidder shall bear the stamp duties, charges including those of sale certificate, registration charges, all statutory dues payable to government, taxes and rates and outgoing, both existing and future relating to the properties. 22. The sale certificate will be issued in the name of the successful bidder only and for the successful bid amount as sale consideration, after payment of the entire successful bid amount/closing bid amount and other charges if any. 23. The defaulting purchaser/bidder shall forfeit all claims to the property or to any part of the sum for which it may be subsequently sold. 24. The property is sold in “AS IS WHEREIS, WHAT IS THERE IS AND WITHOUT ANY RECOURSE BASIS” in all respects and subject to statutory dues if any. The intending bidders should make discrete enquiry as regards any claim, charges/encumbrances on the properties, of any authority, besides the Bank’s charges and should satisfy themselves about the title, extent, quality and quantity of the property before submitting their bid. For any discrepancy in the property the participating bidder is solely responsible for all future recourses from the date of submission of bid. 25. No claim of whatsoever nature regarding the property put for sale, charges/encumbrances over the property or on any other matter etc will be entertained after submission of the bid/confirmation of sale. 26. The Authorized Officer/Bank will not be responsible for any charge, lien, encumbrance, property tax dues, electricity dues etc or any other dues to the Government, local authority or anybody, in respect of the property under sale. 27. Prospective bidders are advised to peruse the copies of title deed, if any available with the bank and also carry out their own inquires to satisfy themselves regarding title to the property, marketability, right, interest, encumbrances, dues if any, over the property. 28. The Authorized Officer has the absolute right and discretion to accept or reject any bid or adjourn/postpone/cancel the sale or add/delete/change any of the terms and conditions of this sale at any time without prior notice to the owner, bidder, public etc and without assigning any reason. 29. The e-Auction sale is subject to the confirmation by the Secured Creditor/Bank. If the borrower/guarantor pays the amount due to the Bank in full before date of sale, no sale will be conducted. The successful bidder shall not have claim in this regard and cancellation of the sale/auction is at the discretion of the Bank/Authorised Officer. 30. Syndicate Bank has appointed M/s e-Procurement Technologies Pvt Ltd as a service provider who will assist the undersigned in conducting the auction. 31. Prospective bidders may avail online training on e-Auction from M/s e- Procurement Technologies Pvt. Ltd , Ahmedabad. 32. The intending purchasers can inspect the property with prior appointment at his/her expenses on the time and date mentioned above. For inspection of the properties please contact our MCB Branch, Coimbatore, 919442203678/0422-2543838 or M /s e-Procurement Technologies Pvt Ltd Praveen Kumar Thevar & Bharathi Raju (Chennai) 09722778828/ 08939000594 (Contact No. 079-40230825/ 821/ 841/ 815/816), e- mail, [email protected]& [email protected]. 33. The particulars specified in the Description of property have been stated to the best of information of the Bank and the Bank will not be responsible for any error, misstatement or omission. 34. For further details contact the Authorised Officer , Syndicate Bank SAM Branch, 15/38, SIC Building 1st floor, Anna Salai, Chennai 600 002, Ph. 9443408696.

IMPORTANT INSTRUCTIONS Bidding in the final minutes and seconds should be avoided in the bidders own interest. Neither Syndicate Bank nor Service Provider will be responsible for any failure/lapse (Power failure, Internet failure etc.) on the part of the vendor. In order to prevent such contingent situation bidders are requested to make all the necessary arrangements/alternatives such as backup power supply etc required so that they are able to prevent such situation and continue to participate in the auction successfully. As per the new inter-operability guidelines released by the Controller of Certifying Authorities (CCA), the Secured Socket Layer (SSL) certificate for a e-procurement application is generated on a new algorithm, SHA2. Also, the Digital Certificate that will be applicable for these platforms have to be SHA2 algorithm compliant. For the same, the users have to ensure that they have Windows XP (SP3)/Windows Vista/Windows 7 installed in their respective PC/Laptop. In case of Windows XP service pack-3, if you get any issue you can install the SSL patch, which is available at our download section of our e-Auction Portal just below the label of https://syndicatebank.auctiontiger.net. This is also a notice to the borrower/guarantor of the above said loan about holding of this sale on the above mentioned date if their outstanding dues are not repaid in full.

Place:Chennai. Authorised Officer Date: 17.05.2019 Syndicate Bank.