Stressed Assets Recovery Branch, 40/974, IInd Floor, R S Buildings, M G Road, Ernakulam – 682011. Tel: 0484 – 2383222 / 2382253 Fax: 2382253 e – mail: [email protected] THE TERMS AND CONDITIONS OF SALE Property will be sold on “AS IS WHERE IS, AS IS WHAT IS AND WHATEVER THERE IS” BASIS 1 Name and address of the 1. M/s. Kollengode Educational & Charitable Trust, (Regd No. Borrower 380/IV/08), Office at : H No. 2/408, Old Bazar, Kollengode Post, Palakkad Dist. - 678506 2. Shri Sreedharan O.K., S/o: Shri Kunchayyappan, Krishna Thilakam, Old Bazaar, Kollengode P.O., Palakkad 678506 3. Smt. Santhakumari, W/o: Shri Sreedharan O.K., Krishna Thilakam, Old Bazaar, Kollengode P.O., Palakkad 678506 4. Shri T.K. Kuttamani, S/o: Shri Kurumban, Baby Cottage, Kizhakkencherry Road, Vadakkencherry, Palakkad 678683 5. Shri R. Devadas, S/o: Shri Raman A, Pazhaya Kalam, Malayampallam, Vadavannur P.O., Palakkad 678504 6. Shri V. Anand, S/o: Shri Viswanathan D., House No. 43, Kozhikothi, Vadavannur P.O.,Palakkad 678504 7. Shri Mohandas T., S/o: Shri Theethunni, Pazhaya Kalam, Vadavannur P.O.,Palakkad 678504 8. Dr. M.S. Jayasuryan, S/o: Shri Sankunni, Jyothis, Ashok Nagar, Ayyanthol P.O., Trichur 680003 9. Shri C. Ramakrishnan, S/o: Shri Pangunni, Changarankattil House, Cherpalcherry P.O., Palakkad 679503 10. Smt. Damayanthi, W/o: Shri Rajan, Kavungal House, Panamgattiri, Palghat 678506 11. Smt. M.V. Surya Prabha, W/o: Shri T.R. Babu, Thottunkal, Yakkara, Palghat 678014 12. Shri Mohankumar M.K., S/o: Shri Kuttikrishnan Master, Guruvaram, Kalthottam Moolangot, Palakkad - 678684 13. Shri Unnikrishnan K., S/o: Kunchu, Kousthubham, Kattukode, Vadakkencherry, Palakkad – 678683 2 Name and address of the Branch, State Bank of India, Stressed Assets Recovery Branch, 40/974, IInd the Secured Creditor Floor, R S Buildings, Opp. Maharaja's College Ground, M G Road, Ernakulam – 682011. 3 Description immovable secured Property No. 1 assets to be sold. All that part and parcel of land having an extent of 308.75 cents and building bearing no 4/476 of Melarcode Grama panchayath comprised in Re Sy 228/2, 233 of Melarcode village, Alathur Taluk, Palakkad District in the name of Mohan Kumar more clearly described in sale deed no 4633 of 2009 of the Alathur Sub RegistryOffice. Boundaries East : Canal & Property of Mundiyil Land North : Canal West : Property sold by Sethu South : Property of Eliyamma Varghese Property No. 2 Item No1 :- All that part and parcel with 160 sq. ft. of built up area and a building facing eastward opposite to staircase in the ground floor of City Light Shopping Complex together with all improvements therein comprised in Re Sy No 222/6 and 222/8 Block No 44 of Vadakkancherry No.1 Village Alathur Taluk, Palakkad Dist. in the name of Unnikrishnan more clearly described in sale deed no 2914 of 2005 dated 31.03.2005 of Vadakkancherry SRO Boundaries East : Passage of shopping complex 1.2M wide North : Shop building of Sheshadri West : Passage of shopping complex 0.30M wide South : Staircase of Shopping Complex Item No2 :- All that part and parcel with 234 sq. ft. of built up area and a building room bearing no. 111/1731 situated in the northern side of the stair case in the eastern side of the ground floor of City Light Shopping Complex and all other improvements therein comprised in Re Sy No 222/6 and 222/8 Block No 44 of Vadakkancherry No.1 Village Alathur Taluk, Palakkad Dist. in the name of Unnikrishnan more clearly described in sale deed no 1228 of2007 dated 28.03.2007 of Vadakkancherry SRO Boundaries East : Passage of shopping complex North : Shop room of Sakeena West : Passage of shopping complex 1.20M wide South : Staircase of Shopping Complex Item No.3 :- All that part and parcel with 622 sq. ft. of built up area and a building room bearing no. III/1305 with three shutters on the western side row in the ground floor of City Light Shopping Complex and all other improvements therein comprised in Re Sy No 222/6 and 222/8 Block No 44 of Vadakkancherry No.1 Village Alathur Taluk, Palakkad Dist. in the name of Unnikrishnan more clearly described in sale deed no 1697 of 2000 dated 28.04.2000 of Vadakkancherry SRO Boundaries East : Passage of shopping complex 1.20M wide North : Shop room of Rajappan West : Passage of shopping complex 0.30M wide& Shop of Raju South : Road 4 Details of the encumbrances Nil to the knowledge of the Bank. known to the secured creditor 5 The secured debt for recovery of Rs 6,27,58,821.80 as on 21.01.2019 + interest thereon w.e.f. which the property is to be sold 22.01.2019 + expenses & costs. 6 Deposit of earnest money EMD: Rs 9,50,000/- being the 10% of Reserve price to be remitted by RTGS / NEFT to the Bank account or Demand Draft draw in favour of State Bank of India, Stressed Assets Recovery Branch , SARB Parking account(M/s Kollengode Educational & Charitable Trust) drawn on any Nationalised or Scheduled Bank 7 Reserve price of the immovable Rs 95,00,000/-(Rupees One crore eighty nine lakhs only) assets: Bank account in which EMD to be A/c No.: 31295819078 remitted. IFSC: SBIN0003539 Bank: State Bank of India, M G Road, Jeevan Prakash, LIC Building, Opp. Maharajas College Ground, Ernakulam – 682011. Last Date and Time within which Time: on or before 4.00 p.m Date: 26.02.2019 EMD to be remitted: 8 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 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 e-Auction purchaser. 9 Date and time of E- auction. Date : 27.02.2019 Time: 12.00 p.m to 1.00 p.m 10 The e-auction will be conducted through the Bank's approved M/s. e-Procurement Technologies Ltd. at the web portal service provider. https://sbi.auctiontiger.net Contact – Praveen Kumar Thevar – 09722778828, Madhusudan Nair – 09686999578, Land Line – 079 – E-auction tender documents 61200517, e-mail id – [email protected], containing e-auction bid form, [email protected], [email protected] declaration etc., are available in the website of the service E-Auction Tender Document containing online e-auction bid form, provider as mentioned above Declaration, General Terms and Conditions of online auction sale are available in website https://sbi.auctiontiger.net, www.AuctionTiger.in 11 i. Bid Increment Amount i. Rs. 10,000/-. ii. Auto Extension ii. Unlimited extensions of 5 minutes each. iii. Bid Currency & Unit of iii. Indian Rupees. Measurement 12 Date and time during which From 11.00 A.M to 3.00 P.M on working days under prior inspection of the immovable appointment secured assets to be sold and intending bidders should satisfy themselves about the assets and their specification. Contact person with mobile Name: Mrs. Sudha K number Mobile No.: 9446033663 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) may be conveyed through e mail. (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 Assets Recovery Branch, R S Buildings, M G Road, Opp. Maharajas College Ground, Ernakulam by 26.02.2019 at 4.00 p.m. 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 Assets Recovery Branch(SARB) to participate in online e-Auction on the portal https://sbi.auctiontiger.net. M/s E-Procurement Technologies who 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 e-Auction, duly signed and stamped as token of acceptance without any new condition other than those already agreed to before start of e-Auction. (e) During e-Auction, if no bid is received within the specified time, State Bank of India at its discretion may decide to revise opening price / scrap the e-Auction process / proceed with conventional mode of tendering. (f) The Bank / service provider for e-Auction shall not have any liability towards bidders for any interruption or delay in access to the site irrespective of the causes. (g) The bidders are required to submit acceptance of the terms & conditions and modalities of e-Auction adopted by the service provider, before participating in the e-Auction.