INDIAN OVERSEAS BANK NUNGAMBAKKAM BRANCH No. 1, Nungambakkam High Road, Chennai 600 034 Ph : 26645887 / 28270862 E-mail : [email protected] SALE NOTICE OF IMMOVABLE SECURED ASSETS Issued under Rule 8(6) and 9(1) of the Security Interest (Enforcement) Rules 2002 Date: 02.03.2020 To 1.M/s.Green Valley Shelters Pvt Ltd, 21 Bawa Road, Alwarpet, Chennai 600018, (Borrower/Builder/Mortgagor) 2. Mr.P.V.Raju, S/o.Mr.P.Veerappa Pillai, New Door No 35/16, Cenatoph Road, 1st Street, Alwarpet, Chennai 600018 - Guarantee & Mortgage security furnished by him through his power agent cum above mentioned Borrower, namely - M/s Green Valley Shelters Pvt. Ltd. Other Guarantors: 3. Mr.T.S.Saravanan, S/o.Thangavelu, Flat No B3, Green Harmony Apartment, Kasturi Estate, 3rd Street, Poes Garden, Gopala puram, Chennai 600086, 4. Mr.T.Prabakar, S/o.P.Thangavelu, Flat A4 Green Centaur, 7a/4, Cenataph 1st Street, Alwarpet, Teynampet, Chennai 600018, 5. Mr.K.R.Thirumurugan, Green Haven, Plot No K4, K5, Door No 6, Shalimar Garden, 2nd Avenue, Near Vael's Billabong International School, Injambakkam, Chennai 600115 (hereinafter referred as “Guarantors.”) Sir, 1. This has reference to recovery actions initiated against you under the provisions of the SARFAESI Act 2002. 2. Please refer to the possession notice dated 30.08.2019 issued to you regarding taking possession of the secured assets at more fully described in the schedule below by the undersigned for the purpose of realization of the secured assets in exercise of the powers conferred on the bank as Secured Creditor under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,2002 and the Rules there under. 3. You the above named borrowers / mortgagors / guarantors have failed to pay the dues in full save and except payments if any, made after issuance of demand notice dated 03.05.2019. Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as it is what is” and “whatever there is” condition under Sec 13(4) of the Act read with Rules 8 & 9 of the Security Interest (Enforcement) Rules, 2002. 4. After appropriating the aforesaid repayments, the dues in the loan account as on 29.02.2020 is Rs.13,71,23,774.00 along with further interest at contractual rates and rests, besides costs / charges incurred till the date of repayment in full. 5. We hereby give you notice of 15 days that the below mentioned secured assets shall be sold by the undersigned on 19.03.2020 between 11.00 am and 01.00 pm with auto extension of 5 minutes through e-auction platform https://iob.auctiontiger.net 6. A copy of the E-auction notice inviting offers for e-auction setting out the terms & conditions of sale such as particulars of the secured asset, the dues of the Bank, reserve price, earnest money deposit, date and time fixed for inspection, last date for submission of offers and date, time of sale etc is enclosed for your ready information. Please also be advised that the said sale notice will also be published in two leading newspapers shortly. DESCRIPTION OF PROPERTY Particulars of the remaining mortgage security presently covered under the mortgage created by the borrower & guarantor referred in Sl. Nos. 1 & 2 – after executing ten flats (102,103, 104, 202, 203, 204, 301, 302, 1101, 1303) together with their UDS of 2769 sq. feet & super built up area (SBA) of 11031 Sq.Ft for which NoC was given for sale subject to remittance of the sale proceeds in the borrowal loan account. Thirty Three (33) flats namely Flat Nos. 303, 401, 403, 404, 405, 501, 503, 504, 505, 603, 604, 605, 701, 703, 704, 705, 801, 803, 804, 805, 901, 902, 905, 1001, 1002, 1005, 1102, 1105, 1202, 1203, 1204, 1302, 1304, comprising total SBA of 35,084 sq.ft and UDS of 8837 sq.ft in the total project land of 17,454 sq.ft (out of total 65 flats) situated at S.No. 360/1, Mambakkam Main Road, Vengaivasal Village, Sholinganallur, T.K. Kancheepuram District, Chennai -126 within the following boundaries:- North by: Kajendra Naicker Land in Survey No 365, South by: Loganathan Naicker Land in Survey No 360/2B, East by: Mambakkam Main Road and West by: Loganathan Naicker Land in Survey No 360/2B Yours Faithfully Authorised officer Encl: 1. E-auction notice containing terms and conditions INDIAN OVERSEAS BANK NUNGAMBAKKAM BRANCH No. 1, Nungambakkam High Road, Chennai 600 034 Ph : 26645887 / 28270862 E-mail : [email protected] 02.03.2020 E-AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Whereas 1.M/s.Green Valley Shelters Pvt Ltd, 21 Bawa Road, Alwarpet, Chennai 600018, (Borrower/Builder/Mortgagor); 2. Mr.P.V.Raju, S/o.Mr.P.Veerappa Pillai, New Door No 35/16, Cenatoph Road, 1st Street, Alwarpet, Chennai 600018 - Guarantee & Mortgage security furnished by him through his power agent cum above mentioned Borrower, namely - M/s Green Valley Shelters Pvt. Ltd. and Other Guarantors: 3. Mr.T.S.Saravanan, S/o.Thangavelu, Flat No B3, Green Harmony Apartment, Kasturi Estate, 3rd Street, Poes Garden, Gopala puram, Chennai 600086, 4. Mr.T.Prabakar, S/o.P.Thangavelu, Flat A4 Green Centaur, 7a/4, Cenataph 1st Street, Alwarpet, Teynampet, Chennai 600018, 5. Mr.K.R.Thirumurugan, Green Haven, Plot No K4, K5, Door No 6, Shalimar Garden, 2nd Avenue, Near Vael's Billabong International School, Injambakkam, Chennai 600115 (hereinafter referred as “Guarantors.”) had borrowed monies from Indian Overseas Bank 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 03.05.2019 calling upon the borrower/mortgager/guarantor to pay the amount due to the Bank till date of repayment within 60 days from the date of receipt of the said notice. Whereas the borrower/mortgagor/guarantor having failed to pay the amount dues in full to the Bank as called for in the said demand notice, the Bank has taken possession of the secured assets more fully described in the schedule hereunder on 30.08.2019 under Section 13 (4) of the Act with the right to sell the same in “As is where is” and “As is what is” basis under Section13(4) of the Act read with Rules 8 &9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank’s dues. The dues of the borrower as on 29.02.2020 works out to Rs.13,71,23,774/- after reckoning repayments, if any, 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. Contd….2… -: 2 :- SCHEDULE OF PROPERTIES Particulars of the remaining mortgage security presently covered under the mortgage created by the borrower & guarantor referred in Sl. Nos. 1 & 2 – after executing ten flats (102,103, 104, 202, 203, 204, 301, 302, 1101, 1303) together with their UDS of 2769 sq. feet & super built up area (SBA) of 11031 Sq.Ft for which NoC was given for sale subject to remittance of the sale proceeds in the borrowal loan account. Thirty Three (33) flats namely Flat Nos. 303, 401, 403, 404, 405, 501, 503, 504, 505, 603, 604, 605, 701, 703, 704, 705, 801, 803, 804, 805, 901, 902, 905, 1001, 1002, 1005, 1102, 1105, 1202, 1203, 1204, 1302, 1304, comprising total SBA of 35,084 sq.ft and UDS of 8837 sq.ft in the total project land of 17,454 sq.ft (out of total 65 flats) situated at S.No. 360/1, Mambakkam Main Road, Vengaivasal Village, Sholinganallur, T.K. Kancheepuram District, Chennai -126 within the following boundaries:- North by: Kajendra Naicker Land in Survey No 365, South by: Loganathan Naicker Land in Survey No 360/2B, East by: Mambakkam Main Road and West by: Loganathan Naicker Land in Survey No 360/2B 19.03.2020 between 11.00 a.m To 01.00 Date and time of e-auction p.m with auto extension of 5 minutes each till sale is completed. Reserve Price Rs. 1187.00 Lakhs Earnest Money Deposit Rs. 118.70 lakhs Deposit through EFT/NEFT/ RTGS Transfer in favour of “ IOB Cathedral Branch” to the credit of IOB E- Auction EMD A/C No.010902000970853 EMD Remittance Indian overseas bank, Cathedral Branch,762,Anna Salai, Chennai 600 002 Branch Code : 0109 IFSC Code : IOBA 0000109 Rs.1,00,000/ (the amount inmultiples of Bid Multiplier which the bid is to beincreased) Inspection of property 10.03.2020 between 11.00 am to 5.00 pm Submission of online 03.03.2020 onwards application for bid with EMD Last date for submission of 18.03.2020 upto 5.00PM online application for BID with EMD Known Encumbrance if any NIL Rs. 13,71,23,774/- and dues of local self- *Outstanding dues government (Property Tax,Water sewage, Electricity bills etc) if any *Bank’s dues have priority over the statutory dues. Terms and Conditions 1. The property(ies) will be sold by e-auction through the Bank’s approved service provider M/s E-Procurement Technologies Limited ( Auction Tiger ) under the supervision of the Authorized Officer of the Bank. 2.