(A GOVERNMENT OF INDIA UNDERTAKING) ARM BRANCH MADURAI COVERING LETTER TO SALE NOTICE Ref: ARM MDU SN 332 2020-2021 CRR Date: 16/11/2020 To Sri. P. L. Narayanan, Prop. M/s Navanna Textiles, S/o Sri. N. Palaniappan, No.11, Arapalayam Main Road, Vaigai Nagar, Madurai – 625 016 Sri. P L Narayanan, Prop. M/s Navanna Textiles, S/o Sri. N. Palaniappan, No. 445, Kothankulam Village, Srivilliputhur Road, Rajapalayam – 626 117 Dear Sir, Sub: Notice under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Rule 8(6) of the Security Interest (Enforcement) Rules, 2002. ******************** As you are aware, I, on behalf of Canara Bank, ARM Branch, Madurai have taken possession of the assets described in Schedule of Sale Notice annexed hereto in terms of Section 13(4) of the subject Act in connection with outstanding dues payable by you to our Canara Bank, ARM Branch, Madurai. The undersigned proposes to sell the assets more fully described in the Schedule of Sale Notice. Hence, in terms of the provisions of the subject Act and Rules made there under, I am herewith sending the Sale Notice containing terms and conditions of the sale. This is without prejudice to any other rights available to the Bank under the subject Act/ or any other law in force. Yours faithfully, Authorised Officer Canara Bank ENCLOSURE – SALE NOTICE (A GOVERNMENT OF INDIA UNDERTAKING) ARM BRANCH MADURAI SALE NOTICE E-Auction Sale Notice for Sale of Immovable Properties 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 immovable property mortgaged/ charged to the Secured Creditor, the constructive possession of which has been taken by the Authorised Officer of ARM Branch, Madurai of the Canara Bank, will be sold on “As is where is”, “As is what is” and “ Whatever there is” on 04/12/2020 for recovery of Rs.12,32,94,980.65 (Rupees Twelve Crores Thirty Two Lakhs Ninety Four Thousand And Nine Hundred And Eighty Paise Sixty Five only ) with further interest from 01/11/2020 + costs due to the ARM Branch, Madurai of Canara Bank from M/s. Navanna Textiles, represented by its Proprietor, Sri. P. L. Narayanan. The reserve price for Property No.1 will be Rs. 34,00,000/- (Rupees Thirty Four Lakhs Only) The earnest money deposit for Property No.1 will be Rs.3,40,000/-(Rupees Three Lakhs Forty Thousand only) The reserve price for Property No.2 will be Rs. 34,80,000/-(Rupees Thirty Four Lakhs Eighty Thousand Only) The earnest money deposit for Property No.2 will be Rs. 3,48,000/- (Rupees Three Lakhs Forty Eight Thousand only) The reserve price for Property No.3 will be Rs. 19,40,000/-(Rupees Nineteen Lakhs Forty Thousand Only) The earnest money deposit for Property No.3 will be Rs. 1,94,000/- (Rupees One Lakh Ninety Four Thousand Only) The reserve price for Property No.4 will be Rs. 22,47,000/-(Rupees Twenty Two Lakhs Forty Seven Thousand Only) The earnest money deposit for Property No.4 will be Rs. 2,24,700/-(Rupees Two Lakhs Twenty Four Thousand Seven Hundred only) The reserve price for Property No.5 will be Rs. 28,40,000/-(Rupees Twenty Eight Lakhs Forty Thousand Only) The earnest money deposit for Property No.5 will be Rs. 2,84,000/- (Rupees Two Lakhs Eighty Four Thousand Only) The reserve price for Property No.6 will be Rs. 28,00,000/-(Rupees Twenty Eight Lakhs Only) The earnest money deposit for Property No.6 will be Rs. 2,80,000/- (Rupees Two Lakhs Eighty Thousand only) The reserve price for Property No.7 will be Rs. 3,49,00,000/-(Rupees Three Crores Forty Nine Lakhs Only) The earnest money deposit for Property No.7 will be Rs. 34,90,000 /- (Rupees Thirty Four Lakhs Ninety Thousand only) The Earnest Money Deposit shall be deposited on or before 03/12/2020 at 4.00 p.m. Details and full description of the immovable property(ies): Property No. 1 : Property Belongs to Mr. Narayanan P L : All that part and parcel of the land and building situated at Madurai North Registration District, Madurai North Joint Sub District, Madurai North Taluk, Paravai 1st bit village & Town Panchayat, Ward No.7, R.S. No. 154/6 subdivided as R.S.No.154/6F, Plot No.2, Door No.7-1-216/2 measuring 1000 Sq.ft bounded by : On the North : 20 ft wide common road. On the South : Plot No.5, 5A, 5B & 5C On the East : Plot No. 3 On the West : Plot No.1 Measuring East-West on both sides 25 ft.; North-South on both sides 40 ft.; Totaling 1000 Sqft Buildup area consisting of Ground Floor – 805 sq.ft.; First Floor - 429 sq.ft. Property No.2: Property Belongs to Mr. Narayanan P L : All that part and parcel of the land and building situated at Madurai North Registration District, Madurai North Joint Sub District, Madurai North Taluk, Paravai 1st bit village& Town Panchayat, Ward No.7, R.S.No.154/6 subdivided as R.S.No.154/6F, Plot No.3, Door No.7-1-216/3 measuring 1000 Sq.ft bounded by : On the North : 20 ft wide road. On the South : Plot No.5, 5A, 5B & 5C On the East : Plot No. 4 On the West : Plot No.2 Measuring East-West on both sides 25 ft.; North-South on both sides 40 ft.; Totaling 1000 Sqft Buildup area consisting of Ground Floor – 820 sq.ft.; First Floor – 490 sq.ft. Property No. 3: Property Belongs to Mr. Narayanan P L: All that piece and parcel of land ad-measuring 493.75 Sq.ft. UDS, in UDR S.No.169/1B1part out of a total extent of 3533.75 Sq.ft. of land in Paravai 1st bit village, Madurai North Taluk in Madurai District, Madurai North Registration District, Madurai North Joint Sub District comprised in Plot No.1, Flat No.A-S01, A-Block, II Floor, Padmasai Enclave Apartment bounded by : On the North : Plot No.2 House Site On the South : 20 ft Access Way On the East : Plots owned by new vegetable market On the West : North to south common pathway and R.S.No.169/1B1 housing site. Plinth Area of Flat – 832 sq.ft. Property No.4 : Property Belongs to Mr. Narayanan P L : All that piece and parcel of land ad-measuring 528.75 Sq.ft. (UDS), in UDR S.No.169/1B1 part out of a total extent of 2463.75 Sq.ft. of land in Paravai 1st bit village, Madurai North Taluk in Madurai District, Madurai North Registration District, Madurai North Joint Sub District comprised in Plot No.3, Flat No. C-S02, C-Block, II Floor, Padmasai Enclave Apartment bounded by : On the North : Plot No.4 House Site On the South : Plot No.2 House On the East : New vegetable market On the West : North to south common pathway and R.S.No.169/1B1 housing site. Plinth Area of Flat – 695 sq.ft. Property No.5: Property Belongs to Mr. Narayanan P L : All that piece and parcel of the land ad-measuring 560 sq.ft. (UDS), in R.S.No.179/1 sub divided as R.S.No.179/1B, part out of a total extent of 2240 sq.ft. of land inUthankudi Village, Madurai North Taluk, in Madurai District, Othakadai Sub Registration District, at present Madurai Corporation comprised in Plot No.5, Flat No.G-01, B-Block, Ground Floor, Srisha Enclave Apartment bounded by : On the North : Plot No.4 House Site On the South : R.S.No.179/2 lands. On the East : 20 feet wide south to north public road. On the West : R.S.No.183 land Plinth Area of Flat - 950 Sq.ft. Property No. 6 : Property Belongs to Mr. Narayanan P L : All that piece and parcel of the land ad-measuring 560 sq.ft. (UDS), in R.S.No.179/1 sub divided as R.S.No.179/1B, part out of a total extent of 2240 sq.ft. of land in Uthankudi Village, Madurai North Taluk, in Madurai District, Othakadai Sub Registration District, at present Madurai Corporation comprised in Plot No.5, Flat No.F-01, B-Block, First Floor, Srisha Enclave Apartment bounded by : On the North : Plot No.4 House Site On the South : R.S.No.179/2 lands. On the East : 20 feet wide South to North public road. On the West : R.S.No.183 land Plinth Area of Flat - 950 Sq.ft. Property No.7: Property Belongs to Mr. Narayanan P L : 1) All that part and parcel of the land and building in Virudhunagar District, Rajapalayam Sub Registration District, Kothangulam Village, Patta No. 1955, Survey No. 444/3A measuring 0.35.0 hectare, S.No.444/3B measuring 0.38.5 hectare or 95 cents in which western side portion sub divided as S.No.444/3B1measuring 0.34.35 hectare and Patta No.1955, S.No.444/1F measuring 0.04.0 hectare, totaling 0.73.35 hectare or 1 acre 81.24 cents of land bounded by : On the North : 2nd item Property On the South : Lands comprised in S.Nos.444/2 & 472 On the East : 3rd item Property On the West : Lands comprised in S.Nos.444/1D & 444/1E 2) All that part and parcel of the land and building in Virudhunagar District, Rajapalayam Sub Registry, Kothangulam Village, Patta No.