THE SOUTH INDIAN BANK LTD. REGIONAL OFFICE: Muvattupuzha TENDER CUM AUCTION SALE NOTICE TENDER CUM AUCTION SALE NOTICE WHEREAS the Authorised Officer of the Bank (hereinafter referred as AO) had issued Demand Notice dated 21/10/2017 to the borrower namely Mr.Bineesh V S S/o Sasidharan V N Proprietor- M/s Spices Agro Associates , KP XIII/272 A1,A2, Puliyanmala P O, Idukki- 685515 , and guarantors viz,( (1) Mr. Sasidharan V N S/o Narayanan(2)) Mrs. Mruduladevi R W/o Bineesh V S- all are residing at Vakavayilil House Puliyanmala P o, Idukki-685515, 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 Physical 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 30/1/2018 . AND WHEREAS, the borrower and guarantors have failed to pay the amount, Notice is hereby given that the immovable properties more fully described in the Schedule hereunder will be sold by way of tender 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 44, 96,600.91/-. as on 28/02/2018with further interest and costs, subject to the following terms and conditions: - ITEM NO.1 Name of Property Owner Mr. Sasidharan V N Description of property All that part and parcel of the land having an extent of 6.07 ares (equivalent to 15 Cents ) together with all rights and improvements thereon in Survey No.72/2-3 in Vandanmedu Village, Udumbanchola Taluk, Idukki District owned by Mr.Sasidharan V N and more fully described in the Sale Deed No.1890/09 dated 22/07/2009 executed before SRO Kattappana bounded on the North by Kumily- Munnar Road, on the East by Property of Santhosh , on the West by Property of Randeep and on the South by Property of Randeep . Reserve Price Rs.5,24,000/-(Rupees Five Lakhs Twenty Four Thousand The South Indian Bank Ltd., Regd. Office: SIB House, The South Indian Bank Ltd., T.B Road, Mission Quarters, Thrissur-680001, Kerala First Floor, Kavikunnel Chambers, T.B.Junction Muvattupuzha Tel: +91-487-2420020 Fax: +91-487-2442021 -686661 E-mail: [email protected] CIN: L65191KL1929PLC001017 Phone: 0485- 2835062, 2835063 Website: www.southindianbank.com Email: [email protected] Only) Earnest Money Deposit Rs. 52,400/- (Rupees Fifty Two Thousand and Four (EMD) Hundred Only )by way of DD favouring “Authorised Officer, The South Indian Bank Ltd.” Payable at Muvattupuzha / RTGS to "the Account No. 0342073000000023 of Authorised Officer, The South Indian Bank Ltd." DD / RTGS receipt along with tender letter in a sealed cover to the Authorised Officer before 11.30 AM on 26/04/2018 Date and Place of Sale 26/04/2018 at 12 noon The South Indian Bank, Kattappana Branch , Door No: KP 1/640 A, Ward no. 1, KGEES Building, Erattiyar Road ITEM NO.2 Name of Property Owner Mr. Sasidharan V N Description of property All that part and parcel of the Land admeasuring 20 ares(49.41 Cents) in Survey No. 8/11 in Vandanmedu Village Udumbanchola Taluk, Idukki District and more fully described in Patta issued under LA Proceeding No. 219/99 dated 29/12/2000 issued by Special Tahasildar (LA), Nedumkandam, Anakkara. Bounded on the North by Property of V N Raghunathan, on the south by Property of Mariyam and Road, on the West by Property of Reghunathan, on the East by Property of Somasekharan Reserve Price Rs.14,82,000/-(Rupees Fourteen Lakhs Eighty Two Thousand only) Earnest Money Deposit Rs. 1,48,200/- (Rupees One Lakh Forty Eighty Thousand (EMD) and Two Hundred Only )by way of DD favouring “Authorised Officer, The South Indian Bank Ltd.” Payable at Muvattupuzha / RTGS to "the Account No. 0342073000000023 of Authorised Officer, The South Indian Bank Ltd." DD / RTGS receipt along with tender letter in a sealed cover to the Authorised Officer before 12.45 P M on 26/04/2018 Date and Place of Sale 26/04/2018 at 1 PM The South Indian Bank, Kattappana Branch, Door No: KP The South Indian Bank Ltd., Regd. Office: SIB House, The South Indian Bank Ltd., T.B Road, Mission Quarters, Thrissur-680001, Kerala First Floor, Kavikunnel Chambers, T.B.Junction Muvattupuzha Tel: +91-487-2420020 Fax: +91-487-2442021 -686661 E-mail: [email protected] CIN: L65191KL1929PLC001017 Phone: 0485- 2835062, 2835063 Website: www.southindianbank.com Email: [email protected] 1/640 A, Ward no. 1, KGEES Building, Erattiyar Road ITEM NO.3 Name of Property Owner Mr. Sasidharan V N Description of property All that part and parcel of the Land admeasuring 1.70 ares(equivalent to 4.20 Cents) in Survey No.1/4 in Vandanmedu Village, Udumbanchola Taluk, Idukki District and more fully described in Patta issued under LA Proceeding No. 219/99 dated 29/12/2000 by Special Tahasildar (LA), Nedumkandam ,Anakkara . Bounded on the North by Property of Philipkutty, on the East by Property of Somasekharan, on the South by Property of Somasekharan, on the west by Kumily- Nedumkandam Road Reserve Price Rs.1,05,000/-( Rupees One Lakh Five Thousand Only) Earnest Money Deposit Rs. 10,500/- (Rupees Ten Thousand and Five Hundred (EMD) Only )by way of DD favouring “Authorised Officer, The South Indian Bank Ltd.” Payable at Muvattupuzha / RTGS to "the Account No. 0342073000000023 of Authorised Officer, The South Indian Bank Ltd." DD / RTGS receipt along with tender letter in a sealed cover to the Authorised Officer before 1.45 P M on 26/04/2018 Date and Place of Sale 26/04/2018 at 2PM The South Indian Bank, Kattappana Branch, Door No: KP 1/640 A, Ward no. 1, KGEES Building, Erattiyar Road 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/ Kattappana Branch and Muvattupuzha Regional Office and also visit the scheduled property and satisfy as to its area, boundaries etc, ownership, title, encumbrances, statutory approvals, measurements etc. The Bank shall The South Indian Bank Ltd., Regd. Office: SIB House, The South Indian Bank Ltd., T.B Road, Mission Quarters, Thrissur-680001, Kerala First Floor, Kavikunnel Chambers, T.B.Junction Muvattupuzha Tel: +91-487-2420020 Fax: +91-487-2442021 -686661 E-mail: [email protected] CIN: L65191KL1929PLC001017 Phone: 0485- 2835062, 2835063 Website: www.southindianbank.com Email: [email protected] 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) All amounts payable regarding the sale including EMD shall be paid by way of DD/ RTGS drawn in favour of “The Authorised Officer, The South Indian Bank Ltd.” payable at Muvattupuzha 5) Interested Tenderers shall submit Demand Draft / RTGS receipt as the case may be for the EMD at The South Indian Bank, Kattappana Branch, Door No: KP 1/640 A, Ward no. 1, KGEES Building, Erattiyar Road -686661along with the Tender in a sealed cover before 11.30 AM on 26/04/2018 with respect to Item No.1 Property. 6) Interested Tenderers shall submit Demand Draft / RTGS receipt as the case may be for the EMD at The South Indian Bank, Kattappana Branch, Door No: KP 1/640 A, Ward no. 1, KGEES Building, Erattiyar Road along with the Tender in a sealed cover before 12.45 P M on 26/04/2018 with respect to Item No.2 Property, 7) Interested Tenderers shall submit Demand Draft / RTGS receipt as the case may be for the EMD The South Indian Bank, Kattappana Branch, Door No: KP 1/640 A, Ward no. 1, KGEES Building, Erattiyar Road along with the Tender in a sealed cover before 1.45 P M on 26/04/2018 with respect to Item No.3Property, 8) The Right of entry to the place of sale will be restricted to the Tenderers who have submitted the Tender letter and EMD/RTGS Receipt in a sealed cover within the stipulated time or within such time as may be decided by the Authorised officer at his sole discretion. 9) 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. 10) The Sealed Tenders will be opened by the Authorised Officer on 26/04/2018 at 12 noon for Item No.1 Property. Any tender received quoting a price below the Reserve Price will be rejected outright. 11) The Sealed Tenders will be opened by the Authorised Officer on 26/04/2018 at 1 P M for Item No.2 Property.