INDIAN OVERSEAS BANK CHAVAKKAD BRANCH OPPOSITE MUNICIPAL BUS STAND CHAVAKKAD THRISSUR – 680 506 [email protected] A/C : Hi-Power Group Holdings and Enterprises (P) Ltd. SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THESECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Whereas M/s Hi-Power Group Holdings and Enterprises (P) Ltd represented by Mr R.V. Himamudheen , has borrowed monies from Indian Overseas bank , .Chavakkad branch against the mortgage of the immovable properties more fully described in the schedule hereunder and on upon classification of the account as NPA, the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 25.08.2017.. calling upon the borrower M/s Hi-Power Group Holdings and Enterprises (P) Ltd, Hi-Power Building, Beach Road, Chavakkad – 680506 (borrower) / Mr R.V. Himamudheen Rayamarakkar House, Manathala, Chavakkad 680506, Thrissur District – Kerala (guarantor / mortgagor), Mrs Ramla Himamudheen, Rayamarakkar House, Manathala, Chavakkad 680506 (mortgagor & guarantor), Mr Hisham Himamudheen, S/O Mr R V Himamudheen, Rayamarakkar House, Manathala, Chavakkad 680506, Thrissur District - Kerala (Mortgagor &guarantor) to pay the amount due to the bank, being Rs.4,84,17,187/- as on 24.08.2017 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment within 60 days from the date of receipt of the said notice. Whereas the borrowers & guarantors having failed to pay the amount due in full to the Bank as called for in the said demand notice, the Bank has taken possession of the secured asset more fully described in the schedule hereunder on 16.12.2017 under Section 13 (4) of the Act with the right to sell the same in “As is where is “ and “As is what is” condition under Section 13(4) of the Act read with Rules 8 &9 of the Security interest (Enforcement) Rules.2002 for realization of Bank’s dues .The dues to the bank as on date of taking possession was intimated as Rs.5,01,81,349/- as on 16.12.2017 payable together with further interest at contractual rates and rests along with costs ,charges etc till date of repayments, after reckoning repayments, if any ,since the date mentioned in the demand notice. The dues of the borrower as on 17.12.2019 works out to Rs.6,64,32,774/- (Rupees Six Crores Sixty Four Lakhs Thirty Two Thousand Seven Hundred and Seventy Four Only) after reckoning repayments if any ,amounting to Rs.8,31,306/- subsequent to the bank issuing demand notice. The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank’s dues by sale of the under mentioned properties. SCHEDULE OF PROPERTY (IES) Schedule of Properties Lot Nos Details of Property A 65.066 cents ( 41.799 cents+ 23.267 cents) B 204 cents (LOT NO.A) All that parts and parcel of the property consisting of 41.799 cents of land & buildings bearing Door No.VIII/238A & 238B with a total measurement of 7126 Sqft in Re.Sy. No.331/14A & 331/13 in the name of Mr.R V Himamudheen covered under Sale deed No.140/1995, 1856/1995, 1869/1995 & 943/1995 and 23.267 cents of land in sy no No.331/9 & 332/2A in the name of Mrs.Ramla Himamudheen and covered under Sale deed No.1866/1995 & 2607/1995 of Manathala Village, Chavakkad Taluk in Thrissur District A1) 2.52 Ares equivalent to 6 ¼ cents of land comprised in Survey No 331/14A of Manathala Village, with building bearing Door No VIII/238A & 238B and other structures therein and covered by sale deed no 140/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Sahadevan West: Property of Gopalan South: Road and property of Gopalan North: Property of Sahadevan and property of Gopalan Yours faithfully, A2) 0.91 Ares equivalent to 2.25 cents of land comprised in Survey No 331/14A of Manathala Village, covered by sale deed no 1856/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Himamudheen West: Property of Aminakutty South: Property of Muhammed Haji North: Property of Himamudheen A3) 2.14 Ares equivalent to 5.289 cents of land comprised in Survey No 331/14A of Manathala Village with building and other structures therein and covered by sale deed no 1869/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Himamudheen West: Property of Ali South: Road North: Property described as item no 2 in sale deed no 1869/1995 A4) 6.27 Ares equivalent to 15.51 cents of land comprised in Survey No 331/14A and 331/13 of Manathala Village with building and other structures therein and covered by sale deed no 1869/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Himamudheen West: Another property. South: Property of Ali and property mentioned as item no 1 North: Property of Ramla and another property A5) 5.06 Ares equivalent to 12.50 cents of land comprised in Survey No 331/14A and 331/13 of Manathala Village with building and other structures therein and covered by sale deed no 943/1995 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of Sahadevan West: A schedule of property mentioned in the partition deed no 1447/1988 South: Property of Himamudheen North: Property namely Nariampully A6)4.3 Ares equivalent to 10.62 cents of land comprised in Survey No 331/9 of Manathala Village with all other structures therein and covered by sale deed no 1866/1995 of Chavakkad Sub Registry in the name of Mrs Ramla bounded by on the East by: property namely Nariampully West: Property in the possession of Muhammed Ali South: Property of Muhammed Haji and Himamudheen North: Property namely Nariampully A7) 5.09 Ares equivalent to 12.6 cents of land comprised in Survey No 332/2A of Manathala Village with all structures therein and covered by sale deed no 2607/1995 of Chavakkad Sub Registry in the name of Mrs Ramla bounded by on the. East by: property of Appootty West: Property belongs to Himamudheen South: Property of Vasu and Sahadevan North: Property of Krishnankutty and pathway. (Lot NO.B ) All that parts and parcel of the property consisting of 204 cents of land in Re.Sy. No.227/3, 227/4, 227/5, 228/1A, 228/1B, 228/2, 227/6 and 227/7 of Orumanayoor Village, Chavakkad Taluk in Thrissur District in the name of Mr.R V Himamudheen, Mrs. Ramla Himamudheen & Mr.Hisham Himamudheen and covered under Sale deed No.679/2002, 1402/2005, 429/2004, 2475/2003 & 2139/2001 of Chavakkad SRO. B1)3.03 Ares equivalent to 7.50 cents of land comprised in Survey No 228/1B of Orumanayoor and covered by sale deed no 679/2002 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property of the Himamudheen West: property of the Himamudheen South: property of the Himamudheen North property of the Himamudheen. B2) 11.33 Ares equivalent to 28 cents of land comprised in Survey No 227/4 of Orumanayoor and covered by sale deed no 1402/2005 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: property shown as item no 2 in sale deed no 140/05 West: Property of Himamudheen South: Property of Kunju Muhammed North: Property of Raja Resort. B3) 1.21 Ares equivalent to 3 cents of land comprised in Survey No 227/5 of Orumanayoor and covered by sale deed no 1402/2005 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: River West: property shown as item no 1 in sale deed no 140/05 South: Property of Kunju Muhammed North: Property of Raja Resort. B4) 22.87 Ares equivalent to 56.50 cents of land comprised in Survey No 227/3 & 227/4 of Orumanayoor and covered by sale deed no 429/2004 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: Property sold by Ayishakutty West: Road South: “Thottil pakuthi” North: Property in the possession of Moidunni Haji. B5)4.45 Ares equivalent to 11 cents of land comprised in Survey No 227/3 of Orumanayoor and covered by sale deed no 2475/2003 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: Property shown as item no 2 in sale deed no 2475/03 West: Pathway South: Wet land and dry land North: Dry land and 'thodu'. B6) 4.45 Ares equivalent to 11.5 cents of land comprised in Survey No 227/4 of Orumanayoor and covered by sale deed no 2475/2003 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: River West: Item No 1 property in sale deed no 2475/03 South: “thyvacha sthalam” North: Part of 'thodu'. B7) 35.01 Ares equivalent to 86.5 cents of land comprised in Survey No 228/1A, 228/1B, 228/2, 227/6 and 227/7 of Orumanayoor village and covered by sale deed no 2139/2001 of Chavakkad Sub Registry in the name of Mr Himamudheen bounded by on the East by: River West: Pathway South: Land North: Land Date and Time of On .21.01.2020 between 11 am and 12 noon with auto extension of 5 E auction minutes each till the sale is completed Reserve Price Schedule of Properties Lot Nos Details of Property Reserve Price EMD 65.066 cents ( A 41.799 cents)+ Rs.3,13,40,000/- Rs.31,34,000/- 23.267 cents) B 204 cents Rs.2,25,13,000/- Rs.22,51,300/- EMD remittance Deposit through EFT/NEFT/RTGS Transfer in favor of IOB Kozhikode Main Branch, M Son’s Arcade, Cherooty road, Kozhikode to the credit of account no.