(A GOVERNMENT OF INDIA UNDERTAKING) KELLYS BRANCH CHENNAI P.B.No.3007, No.207, Purasaiwakkam High Road, Chennai - 600 007. Ph: 044 2665 1314 / 2532 2410, Email:[email protected] Ref: SALE NOTICE /E-AUCTION/ M/s.Speed Exports Date: 22.02.2019 To 1) M/s.Speed Exports, No.3, 2nd Floor, Covelong Muth Street, Periamet, Chennai-600 003. 2) Represented by it’s Proprietrix Mrs.Shakila Begum, W/o Mr. Sabik Ahmed and 3) Mr.R. Sabik Ahamed, Both Address: Flat No.F1, First Floor, Road Side, SR Apartments, New No.20, 1st Street, Krishnadas Road, Mangalapuram, Perambur, Chennai. 600 012. 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, the Authorized Officer, Canara Bank, had 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 Kellys Branch of Canara Bank. The undersigned proposes to sell the assets (through e-auction) more fully described in the Schedule of Sale Notice. I am herewith sending the Sale Notice (e-auction 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) KELLYS BRANCH CHENNAI P.B.No.3007, No.207, Purasaiwakkam High Road, Chennai - 600 007. Ph: 044 2665 1314 / 2532 2410, Email:[email protected] SALE NOTICE Ref No: SALE NOTICE/E-AUCTION/ M/s.Speed Exports 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 Borrowers that the below described immovable property mortgaged / charged to the Secured Creditor, the Possession of which has been taken by the Authorised Officer of Kellys Branch of the Canara Bank, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 27.03.2019 (Time 11.30 a.m. to 12.30 p.m.) for recovery of Rs. 2,01,38,828.00 due as on 31.01.2019 to the Kellys Branch of Canara Bank from 1) M/s.Speed Exports, No.3, 2nd Floor, Covelong Muth Street, Periamet, Chennai-600 003. 2) Represented by it’s Proprietrix Mrs.Shakila Begum, W/o Mr. Sabik Ahmed and 3) Mr.R. Sabik Ahamed, Both Address: Flat No.F1, First Floor, Road Side, SR Apartments, New No.20, 1st Street, Krishnadas Road, Mangalapuram, Perambur, Chennai. 600 012. Details of Property: First charge on the entire stock & goods & fixtures of the Company at the premises or at any other place or in transit. Property No.1: Property of House land Located at Survey No.2138/2A of Vadamadurai Village, Plot No.10 to 18 (measuring 19674.875 Sq.ft.) at Andal Alagar Nagar, Thummalakundu, Vedasandur Taluk, Dindigul District, by virtue of title deed bearing its document No.141/2015 dated 19.01.2015 registered with the office of Sub Registration office, Vadamadurai. Owned by Mr. R. Sabik Ahmed. Boundaries for all the above Plots: East: Thumalangundu to Vadamadurai Road, West: Plot Nos. 9, 19, North : East - West 20 ft. Common Pathway, South : East - West 20 ft. Common Pathway. Reserve Price : Rs.21,00,000/- (Rupees Twenty One Lakhs Only) Earnest Money Deposit : Rs.2,10,000 (Rupees Two Lakhs Ten Thousand Only). The Earnest Money Deposit shall be deposited on or before 26.03.2019 till 5.00 p.m. Property No.2: Property of Residential Flat located at O.S.No.46, T.S.No.326/27, Flat No.F1, First Floor, Road Side, SR Apartments, New No.20, Old No.7/16, 1st Street, Krishnadas Road, Mangalapuram, Perambur, Chennai-600 012 (measuring plinth area of 1305 Sqft. – UDS 510 Sq.ft.), by virtue of title deed bearing its document No.426/2010 dated 08.02.2010 registered with the office of sub Registration office, Purasawalkam, Chennai owned by Mrs. Shakila Begum, and Mr. R. Sabik Ahamed, S/o Mr. M. Raja Mohamed. Boundaries: North by: Kanna Pillai’s Land and House, South by: Manickam Pillai’s Land and House, East by : Street, West by: Koil Land. Reserve Price : Rs.58,00,000/- (Rupees Fifty Eight Lakhs Only) Earnest Money Deposit : Rs.5,80,000 (Rupees Five Lakhs Eighty Thousand Only). The Earnest Money Deposit shall be deposited on or before 26.03.2019 till 5.00 p.m. For detailed terms and conditions of the sale please refer the link “E-Auction” provided in Canara Bank’s website (www.canarabank.com) or may contact Chief Manager, Canara Bank, Kellys Branch (Ph. No.: 044 2665 1314 / 2532 2410) during office hours on any working day. Portal of E-Auction: www.bankeauctions.com Date: 22.02.2019 AUTHORISED OFFICER Place: Chennai CANARA BANK (A GOVERNMENT OF INDIA UNDERTAKING) KELLYS BRANCH CHENNAI DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED 22.02.2019 1. Name and Address of the Canara Bank, KELLYS BRANCH CHENNAI Secured Creditor: P.B.No.3007, No.207, Purasaiwakkam High Road, Chennai - 600 007. Ph: 044 2665 1314 / 2532 2410, Email:[email protected] 2. Name and Address of the Borrower 1) M/s.Speed Exports, & Guarantor: No.3, 2nd Floor, Covelong Muth Street, Periamet, Chennai-600 003. 2) Represented by it’s Proprietrix Mrs.Shakila Begum, W/o Mr. Sabik Ahmed and 3) Mr.R. Sabik Ahamed, Both Address: Flat No.F1, First Floor, Road Side, SR Apartments, New No.20, 1st Street, Krishnadas Road, Mangalapuram, Perambur, Chennai. 600 012. 3. Total liabilities as on 31.01.2019 : Rs.2,01,38,828.00 (Rupees Two crore one lakh thirty eight thousand eight hundred and twenty eight only) with further interest and other incidental charges thereto incurred by the Bank. 4. (a) Mode of Auction : Online Auction (E-Auction) (b) Details of Auction service provider: M/s C1 India Pvt Ltd. Udyog Vihar, Phase 2, Gulf Petrochem Building, Building No . 301 Gurgaon Haryana Pin: 122015 Landline No +91 124 4302000 (Extn.212) Mobile: 09000600313 Email : [email protected]/Mr. K N Shrinatth, Mobile No.: 09840446485. (c) Date & Time of Auction : 27.03.2019 (Time 11.30 a.m. to 12.30 p.m.) (d) Portal of E-Auction : www.bankeauctions.com 5. Reserve Price : Property No.1: Rs.21,00,000/- (Rupees Twenty One Lakhs Only) Property No.2 : Rs.58,00,000/- (Rupees Fifty Eight Lakhs Only) OTHER TERMS AND CONDITIONS a) Auction/bidding shall be only through “Online Electronic Bidding’’ through the website www.bankeauctions.com Bidders are advised to go through the website for detailed terms before taking part in the e-auction sale proceedings. b) The property can be inspected, with Prior Appointment with Authorised Officer, on 22.03.2019 between 11.00 a.m. to 5.00 p.m. c) The property will be sold for the price which is more than the Reserve Price and the participating bidders may improve their offer further during auction process. d) EMD amount of 10% of the Reserve Price is to be deposited by way of Demand draft in favour of Authorized Officer, Canara Bank, Kellys Branch OR shall be deposited through RTGS/NEFT/Fund Transfer to credit of account of Canara Bank, Kellys Branch, Chennai A/c No. 0907295000001, IFSC Code: CNRB0000907 on or before 26.03.2019, 5.00 pm. e) Intending bidders shall hold a valid digital signature certificate and e-mail address. For details with regard to digital signature please contact the service provider M/s C1 India Pvt Ltd, Udyog Vihar, Phase 2, Gulf Petrochem Building, Building No . 301 Gurgaon Haryana Pin: 122015 Landline No +91 124 4302000 (Extn.212) Mobile: 09000600313 Email : [email protected]/Mr. K N Shrinatth, Mobile No.: 09840446485. f) After payment of the EMD amount, the intending bidders should submit a copy of the following documents/details on or before 26.03.2019 till 5.00 p.m., to Canara Bank, Kellys Branch, by hand or by email. i) Demand Draft/Pay order towards EMD amount. If paid through RTGS/NEFT, acknowledgement receipt thereof with UTR No. ii) Photocopies of PAN Card, ID Proof and Address proof. However, successful bidder would have to produce these documents in original to the Bank at the time of making payment of balance amount of 25% of bid amount. iii) Bidders Name. Contact No. Address, E Mail Id. iv) Bidder’s A/c details for online refund of EMD. g) The intending bidders should register their names at portal www.bankeauctions.com and get their User ID and password free of cost. Prospective bidder may avail online training on E- auction from the service provider M/s C1 India Pvt Ltd, Udyog Vihar, Phase 2, Gulf Petrochem Building, Building No . 301 Gurgaon Haryana Pin: 122015 Landline No +91 124 4302000 (Extn.212) Mobile: 09000600313 Email : [email protected]/Mr. K N Shrinatth, Mobile No.: 09840446485 www.bankeauctions.com h) EMD deposited by the unsuccessful bidder shall be refunded to them. The EMD shall not carry any interest. i) Auction would commence at Reserve Price, as mentioned above. Bidders shall improve their offers in multiplies of Rs.10,000/- The bidder who submits the highest bid (above the Reserve price) on closure of 'Online' auction shall be declared as successful bidder.