Ztpxrila,Nr Regional 0Ffice \J Kozhikode TENDERCUM AUCTION SALE NOTICE

Ztpxrila,Nr Regional 0Ffice \J Kozhikode TENDERCUM AUCTION SALE NOTICE

Ztpxrila,nr Regional 0ffice \J Kozhikode TENDERCUM AUCTION SALE NOTICE WHEREAS the Authorised offrcer of the Bank (hereinafter referred as Ao) had issued Demand Notice dated0l/1112017 uis. l3(2) of the_ Act and its corrigendum dated24loglzolg calling upon the borrower p projects, p.o. A M 4* Avenue, chelaii , Thenhipalam , M3lapguram - 673 636 represented by its partners (1) Mr. Muhammedati p. rra., slo tvtr. Ahmedkutty P M., (2) Mr. Abdul Rasheed p. M., s/o Mr. Ahmedkutty p. M., both residing at cherambath House, chelari-673636 (3) Mr. Ibrahim Kutty T.p , sio Kuuosa Haji, Tharamaparambil House, Thanalur Po, Malappuram District and Guarantor Mrs.Faseela ! M D/o Ahammed Kuw, cherambath House, chelari-673636 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 symbolic possession of the immovable properties, more fully described in the schedule hereunder undei Section l3(4) of the Act read with Rule 8 of the Security lnterest (Enforcement) Rules, 2002 ot2ll02l20i9. AND WHEREAS, the borrower/guarantor have failed to pay the amount in full, Notice is hereby given that the movable/ immovable properties more hrlly described in the Schedule hereunder will be sold by way of tender cum auction on "as is where is" basis and'.as is what is" condition, on the date and at the place mentioned herein below for realization ofa sum of Rs.1,05,58,807.20 (Rupees one crore Five Lacs Fifty Eight Thousand Eight Hundred and Seven and Paisa Twenty only) as on 3111212020 with further interest and costs, subject to the following terms and conditions: - Name of Owner Mr. Ibrahim T.P Description of property All that part and parcel of 15.44 Ares equivalent to 38. 16 Cents of land with residential building having approximately 2600 Sq. Ft. built up area situated in Sy. No. 341/3 of Tanalur Village, Tirur Taluk, Malappuram District in the name of Mr.Ibrahimkutty T.P morefully described in Jenmam Assignment Deed No.2342l1996 dated 02.09.1996 of Tirur SRO, bounded on North by : Ayanikutty Annaram Padanilangal , South by : Nirath Yazhy , East by: Pakara Kulam and West by : Thannil Sezham Sthalam . Reserve Price Rs. 1,47,89,520i- (Rupees One Crore Forty Seven Lacs Eighty Nine Thousand Five Hundred and T onl Eamest Money Deposit Rs. 14,78,9521- (Rupees Fourteen Lacs Seventy Eight (Et\D) Thousand Nine Hundred and Fifty Two only) Date and Place of Sale 25103/?021,11.30 Alvf, The South lndian Bank Ltd., Vailathur Branch , Shalimar Complex, Tirur - Malappuram Road Vailathur, Ponmundam, fitlf Pin-676 106 TERMS AND CONDITIONS Itre South Indian Bank Ltd., Regd. Olnce. SIB House, The South lndian Bank Ltd., RO Kozhikode, T.B Road, Mission Quarters, Thrissur-680001, Kerala First Floor, Happy Towers, Vaikkom Mohammed Tel: +91487 -242OO2O, Basheer Road, Marnnchira(PO), Toll Fr6e (India): IE00-843-l800, 1800-425-1809(BSNL) Kozhikode Pin-673001 E-mail: sibcorporate@sib. co. in Pllclne:0495 27 267 26/27 267 27 CIN: L65 19lKLl 929PLC00l0l 7 Email rol . co.ln Website: www.southindianbant.com Ztour* -Z-,NDaAN Bank r) rhe properry will be sold on..as is where is,,basis and.li:'Jlfrl${"ffi[']'*: the Bank is not responsible for title, condition or any other fact affecting the prop€rty The particulars fumished regarding the secured asset is stated to the'beit or information of the Bank and the Bank will not be answerable for any error, mlsstatement 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/ Branches at vailathur/ chelari and Regional office at Kozhikode and also visit the scheduled prop€rty and satisff as to its area, boundaries, ownership, title, encumbrance, statutory approvals, measwements etc.The Bank shall not entertain any dispute regarding the Tender process or the scheduled property after participating in the sale. 3) Interested renderers 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 RTGS to A"/c No. 0412073000000541 in the name of The Authorised Officer, Branch Kozhikode S M Street, IFSC code SIBL0000412 IDD drawn in favour of ..The Authorised Offrcer, The South Indian Bank Ltd." payable at Kozhikode. 5) Interested renderers shall submit Demand Draft / RTGS Receipt as the case may be for the EMD at The south lndian Bank Ltd. vailathur Branch along with the Tender in a sealed cover before 11.00 ANIort 25/03/2021. 6) The Right of entry to the place of sale will be restricted to the Tenderers who have submitted the Tender letter and EMD in a sealed cover within the stipulated time or within such time as may be decided by the Authorised officer at his sole discretion. 7) The Authorised Offrcer has got right to canceV postpone the Auction without assigning any reason whatsoever. Further, the Authorised Officer sha 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. 8) The Sealed Tenders will be opened by the Authorised OIficer on25l03l2021at 11.30 AM. Any tender received quoting a price below the Reserve Price will be rejected outright 9) After opening the tenders, the Tenderers who are present may be given an oppornrnity at the discretion of the Authorised Officer to have inter se bidding among themselves to enhance their offer price. l0) The Successful Tenderershould pay 25 yo of the bid amormt (less EMD) immediately on receipt of bid acceptance letter in his favour or not later than the nex working day after the date of Tender cum Auction Sale and the balance 75yo amomt within 15 days of the sale, failing which the entire amount paid by the Tenderer shall be forfeited by the Authorised Officer, without any notice and the sale will be carrcelled and the property will be brought to sale again. However, in desirable cases the time may be extended at the sole discretion of the Secured Creditor. ll)The sale is subject to confirmation by the Authorised Officer, who shall have right to cancel the sale also notwithstanding that the successful Tenderer has remitted the 25% The South Indian Bank Ltd., Regd. Office: SIB House, The South Indian Bank Ltd., RO Kozhikode, T.B Road, Mission Quarters, Thrissur-6E0001, Kerala Fts Floor, Happy Towers, Vaikkom Mohammed Tel: +91-4a7-2420020, Basheer Road, Mananchira{PO), Toll Free (India):1800-843-1800, i 800-425- 1809(8SNL) Kozhikode Pin57300l E-mail: [email protected] Phone: 0495 27 267 26 I ?7 267 27 CIN : L65 l9lKLi929PLC00l017 Email: ro I 004@sib. co.in Website: www.southindianbank.com htou*-?4l]ll,DlAN Bank Regional OIIice Kozhikode of Sale amount. Further, the sale is also subject to confirmation by the secured Creditor 12)on the sale being confirmed and on receipt of the entire sale proceeds by the Authorised ollicer, the successful Tenderer will be issued with a sale certificate as per the terms and conditions of the Bank and the sARFAESI Act. The successful Tenderer should pay all the existing dues etc., to the Govemment/ Local Authorities including charges/ fees payable for registration of sale certificate such as registration Fees, Stamp Duty etc-, as applicable as per law. 13)The Authorised otlicer or Bank will not be held responsible for any charge, lien, encumbrance, property tax or any dues to the Government or anybody in respect of the properties under sale. l4)The successful renderer shall pay all raxes/ Electricityl water/ Sewerage charges or any other charges demanded by any authority after the acceptance ofthe bid, euen if it pertains to previous periods. 15) The Successfrrl renderer shall, at his cost, get the Electric ity I watet/ Sewarage connection etc. and any other common services transferred in his name. 16)The Authorised Ofiicer has obtained EC/ search report regarding the property from 0710711979 to 1611012017 arld it contains no 17)For any further information and for inspection of property, the intended renderers may contact the Authorised Officer or The South Indian Bank Ltd.. Chelari and Vailathur Branches during working hours. E k Ltd 0 Date :1610212A21 A OFFICER Place : Kozhikode (cHmFMANAGER) The South Indian Bank Ltd., Regd. Ofiice: SIB House, The South Indian Bank Ltd., RO Kozhikode, T.B Road, Mission Quarters, Thrissur-680001, Kerala First Floor, Happy Towers, Vaikkom Mohammed Tel: +914E7 -2420O20, Basheer Road, Mananchira@O), Toll Free (India):1800-843-1800, 1800-425-1809(8SNL) Kozhikode Pin-673001 E-mail: sibcomorardDsib.co. in PhoneC495 27 267 26/27 267 27 CIN: L65 l91KLl929PLC00 1017 Email: [email protected] Website: www.southindianbank.com.

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