STATE BANK OF INDIA Stressed Assets Recovery Branch(13165) Madurai. Authorised Officer’s Details:- Address of the Branch: Name: N S Gunasekar No. 8, Dr. Ambedkar Road Mobile: 8300768489 Vinayaga Nagar Branch First Floor E-mail ID of Branch : Madurai – 625 020 [email protected] Phone : 0452 - 2531047 Mobile No: - 9442518983 Landline No. (Office):-0452-2531047, 0452- 2531821 SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES E-Auction Sale Notice for Sale of Immovable Assets 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 properties mortgaged to the Secured Creditor, the constructive possession of which has been taken by the Authorised Officer of State Bank Of India, the Secured Creditor, will be sold on “ As is Where is”, As is What is” and Whatever there is” on 20.12.2019, for recovery of Rs.1,94,08,180.15 (Rupees One crore ninety four lakhs eight thousand one hundred eighty and paise fifteen only) dues as on 31.10.2019 and interest from that date and legal and other charges etc., to the secured creditor from Shri S.Alagumalai S/o Solaimalai (Managing Director) and Shri. Uthayasuriyan S/o Alagumalai (Director) as collateral securites for the credit facilities availed by M/s. Azhakumalai Construction (P) Ltd. The reserve price will be Rs.42,03,000/- (Rupees Forty two lakhs and three thousand only) and the earnest money deposit will be Rs.4,20,300/- (Rupees Four lakhs twenty thousand and three hundred only) Short description of the immovable property Item No. 1: Vacant land at S.No.600/3, Kunnur Village, Watrap Union, Krishnankoil, Srivilliputhur Taluk, Virudhunagar District in the name of Mr.S.Alagumalai with total extent of 2.44 acres Item No. 2: Vacant land at S.No. 602, Kunnur Village, Watrap Union, Krishnankoil, Srivilliputhur Taluk, Virudhunagar District in the name of Mr.S.Alagumalai with total extent of 1.03 acres Item No. 3: Vacant land at S.No. 627/2, Kunnur Village, Watrap Union, Krishnankoil, Srivilliputhur Taluk, Virudhunagar District in the name of Mr.S.Alagumalai with total extent of 1.20 acres For detailed terms and conditions of the sale, please refer to the link provided in State Bank of India, the secured Creditor website www.sbi.co.in. (https://sbi.auctiontiger.net) specific link created for the auction. Date : 02.12.2019 Place: Madurai AUTHORISED OFFICER, STATE BANK OF INDIA. SARB,MADURAI-20. THE TERMS AND CONDITIONS OF SALE TO BE UPLOADED ON THE WEBSITE OF THE SECURED CREDITOR. PROPERTY WILL BE SOLD ON 20.12.2019 “AS IS WHERE IS, AS IS WHAT IS AND WHAT-EVER THERE IS” BASIS 1)Sri. S.Alagumalai (Director) S/o Solaimalai, M/s Azhakumalai Construction (P) Ltd., D.No.3/12, Gobalan Patti, Nedungulam, Sivakasi – 626 138, Virudhunagar District. 1 Name and address of the Borrower 2) Sri. .Uthayasuriyan (Director) S/o Alagumalai, M/s Azhakumalai Construction (P) Ltd., D.No.469, Standard colony, Thiruthangal Road, Sivakasi – 626 130. Virudhunagar District. State Bank of India Name and address of Branch, the Stressed Assets Recovery Branch 2 secured creditor No. 8, Dr. Ambedkar Road Vinayaga Nagar Branch 1st Floor Madurai – 625 020 3 Complete Description of the secured Item No. 1: Vacant land at S.No.600/3, Kunnur assets to be sold with identification Village, Watrap Union, Krishnankoil, Srivilliputhur marks or number, if any, on them Taluk, Virudhunagar District in the name of Mr.S.Alagumalai with total extent of 2.44 acres Item No. 2: Vacant land at S.No. 602, Kunnur Village, Watrap Union, Krishnankoil, Srivilliputhur Taluk, Virudhunagar District in the name of Mr.S.Alagumalai with total extent of 1.03 acres Item No. 3: Vacant land at S.No. 627/2, Kunnur Village, Watrap Union, Krishnankoil, Srivilliputhur Taluk, Virudhunagar District in the name of Mr.S.Alagumalai with total extent of 1.20 acres Details of the encumbrances known to NIL 4 the secured creditor. The secured debt for recovery of which Rs.1,94,08,180.15 (Rupees One crore ninety four the property is to be sold lakhs eight thousand one hundred eighty and paise fifteen only)dues as on 31.10.2019 interest from that date and legal and other charges etc., 5 SARFAESI: Demand notice under Section 13(2) issued on 04.04.2015 and Symbolic possession taken under Section 13(4) taken on 20.06.2015. Deposit of earnest money EMD: Item No. 1: Rs. 2,19,600/- (Rupees Two lakhs nineteen Thousand six hundred only) Item No. 2: Rs.92,700/- (Rupees Ninety Two Thousand seven hundred only) Item No. 3: Rs.1,08,000/-(Rupees one lakh eight 6 Thousand only) being the 10% of Reserve price to be remitted by RTGS/NEFT to the Bank account or Demand Draft draw in favour of SBI account (unit name) Name of the Branch drawn on any Nationalised or Scheduled Bank Reserve price of the movable secured Item No. 1: Rs. 21,96,000/- (Rupees Twenty one lakhs assets: ninety six thousand only) Item No. 2: Rs.9,27,000/- (Rupees Nine Lakhs twenty seven thousand only) Item No. 3: Rs.10,80,000/-(Rupees ten lakhs eighty Thousand only) Bank account in which EMD to be remitted. Deposit through EFT / NEFT / RTGS / transfer in favour of 7 “COLLECTION A/C STRESSED ASSETS RECOVERY BRANCH, MADURAI” to the credit of SBI A/c. No. 38676668762, State Bank of India, No. 8, Dr. Ambedkar Road, Vinayaga Nagar Branch, Madurai 625 020, Branch Code: 01479, IFSC Code No.SBIN0001479 or by way of demand draft drawn in favour of State Bank of India, Stressed Assets Recovery Branch, Madurai drawn on any Last Date and Time within which EMD Nationalized or Scheduled Bank. to be remitted: On or before 18.12.2019 up to 4.00 p.m. Time and manner of payment The successful bidder shall deposit 25% of sale price, after adjusting the EMD already paid, immediately, i.e. on the same day or not later than next working day, as the case may be, after the acceptance of the offer by the Authorised Officer, failing which the earnest money 8 deposited by the bidder shall be forfeited. The Balance 75% of the sale price is payable on or before the 15th day of confirmation of sale of the secured asset or such extended period as may be agreed upon in writing between the Secured Creditor and the auction purchaser not exceeding three months from the date of auction. 9 Time and place of public auction or Date: 20.12.2019 Time: 60 Minutes time after which sale by any other mode shall be completed. 11.00 A.M. to 12.00 noon with unlimited extensions of 5 Minutes each. 10 The e-auction will be conducted M/s. e-Procurement Technologies Ltd (ETL) at the web through the Bank’s approved service portal (a) www.sbi.co.in (b) https://sbi.auctiontiger.net provider. E-auction tender documents containing e-auction bid form, declaration etc., are available in the website of the service provider as mentioned above 11 (i) Bid increment amount: Rs50,000/- (ii) Auto extension: unlimited times. Unlimited (limited / unlimited) (iii) Bid currency & unit of Rupees measurement 12 Date and Time during which On 17.12.2019 between 11.00 a.m. and 4.00 p.m. inspection of the movable assets to be sold and intending bidders should satisfy themselves about the assets and their specification. Contact person with mobile number 13 Other conditions (a) Bidders shall hold a valid digital Signature Certificate issued by competent authority and valid email ID (e - mail ID is absolutely necessary for the intending bidder as all the relevant information and allotment of ID and Pass word by M/s. e-Procurement Technologies Ltd (ETL) (Contact No.079-40230830 / 40230816 / 817 / 818 / 819 / 820. Fax No. 079-40016816 / 876) may be conveyed through e mail or Contact Details – Mr. Praveen Kumar Thevar and Mr.Kaviarasu Ramaraj Mobile Nos. 09722778828 / 9655591945 or through e- mail [email protected] & [email protected] [email protected] (b) The intending bidder should submit the evidence of EMD deposit like UTR number along with Request letter for participation in the E/auction, self-attested copies of (i) Proof of Identification(KYC) Viz ID card/Driving License/Passport etc., (ii) Current Address -proof of communication, (iii) PAN card of the bidder(iv) valid e-mail ID, (v) contact number(mobile/Land Line) of the bidder etc., to the Authorised Officer of State Bank Of India, Stressed Asset Recovery Branch, Madurai by the bidder date 22.11.2019 and 04.00 P.M time. Scanned copies of the original of these documents can also be submitted to e-mail Id of Authorised `Officer (c) Names of Eligible Bidders will be identified by the State Bank of India, Stressed Asset Recovery Branch, Madurai to participate in online e-auction on the portal (a) www.sbi.co.in (b) https://sbi.auctiontiger.net . M/s. e-Procurement Technologies Ltd (ETL)) will provide User ID and Password after due verification of PAN of the Eligible Bidders (d) The successful bidder shall be required to submit the final prices, quoted during the e-auction as per the annexure after the completion of the auction, duly signed and stamped as token of acceptance without any new condition other than those already agreed to before start of auction.