INDIAN OVERSEAS BANK MOODABIDRI BRANCH Nishmitha Towers, Near Bus Stand, Moodbidri, Mangalore, Dakshina Kannada-574227 Phone No.: 08258-236179, e- mail: [email protected] 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 M/s. Pattadi Sanitary (Represented by Partners: Mr. Pattadi Bavu Ibrahim and Mrs. Fathima) has 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 11.09.2018 calling upon the borrowers M/S. PATTADI SANITARY [PARTNERS: MR. PATTADI BAVU IBRAHIM AND MRS. FATHIMA] , “City Light Commercial Complex”, Opposite Govt. Hospital, Moodabidri- 574227. MR. PATTADI BAVU IBRAHIM, S/o Bavu Ibrahim, Pattadi House, Afeeza Compound, Hosangady, Perinje Post, Belthangady Taluk, Moodabidri- 574227. MRS. FATHIMA , W/o Pattadi Bavu Ibrahim, Pattadi House, Afeeza Compound, Hosangady, Perinje Post, Belthangady Taluk, Moodabidri- 574227 and the guarantors MR.PATTADI BAVU ABDUL LATHEEF, S/o Bavu Beary, Pattadi House, Afeeza Compound, Hosangady, Perinje Post, Belthangady Taluk, Moodabidri- 574227 to pay the amount due to the Bank, being Rs.3,77,76,343.32 (Rupees Three Crores Seventy Seven Lakhs Seventy Six Thousand Three Hundred Forty Three and Paise Thirty Two Only) as on 11.09.2018 payable together with further interest at contractual rates and rests alongwith costs, charges etc till date of repayment within 60 days from the date of receipt of the said notice. Whereas the borrowers & guarantors 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 03.04.2019 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 to the bank as on the date of taking possession was intimated as Rs.4,07,28,839.02 (Rupees Four Crores Seven Lakhs Twenty- Eight Thousand Eight Hundred Thirty- Nine and Paise Two Only) as on 03.04.2019 payable together with further interest at contractual rates and rests alongwith costs, charges etc till date of repayment, after reckoning repayments, if any, since the date mentioned in the demand notice. The dues of the borrower as on 02.08.2019 works out to Rs. 4,29,99,590.02 (Rupees Four Crore Twenty- Nine Lakhs Ninety- Nine Thousand Five Hundred and Ninety and Two Paise Only) after reckoning repayments, if any, amounting to Rs. 2,85,400/- 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. SCHEDULE OF PROPERTY(IES) Property Particulars of securities No. 1 All that part and parcel of Shop premises bearing D.No.4-240[4] in the ground floor of the commercial complex [ “City Light commercial complex”] Situated at S.No.87/13A [5Cents] , S.No.87/13B[14.75cents] of Pranthya Village & S.No.151/2AP1[10.25cents] of Marpady Village , Mangalore Taluk , together with 0.47% undivided interest in the said land and interest in common areas , amenities & facilities. The property is in the ownership of Mr. P B Ibrahim. [Built up area : 200 Sq.ft] Boundaries: Part of shopping complex with road access on 2 sides (East and South) and on the other 2 sides with part of survey number. All that part and parcel of 4 no of Shop premises bearing D.No.4-240 [41,42,43 & 44] of the commercial complex [ “City Light commercial complex”] Situated at S.No.87/13A [5Cents] , S.No.87/13B[14.75cents] of Pranthya Village & S.No.151/2AP1[10.25cents] of Marpad y Village , Mangalore Taluk , together with 0.43% each [ total 1.72% ] undivided interest in the said land and interest in common areas , amenities & facilities, [Built up area : 185 Sq.ft each]. The property is in the ownership of Mr. P B Ibrahim. Boundaries: Part of shopping complex with road access on 2 sides (East and South) and on the other 2 sides with part of survey number. All that part and parcel of 4 no of Shop premises bearing D.No.4-240 [ 27,31,32 & 53] of the commercial complex [ “City Light commercial complex”] Situated at S.No.87/13A [5Cents] , S.No.87/13B[14.75cents] of Pranthya Village & S.No.151/2AP1[10.25cents] of Marpady Village , Mangalore Taluk , together with (a)0.43% each undivided interest [ D.No.4-240[27&31] & (b) 0.30% each undivided interest [ D.No.4-240[32&53] in the said land and interest in common areas , amenities & facilities [Built up area: 185 Sq.ft each for D.No.4-240[27 & 31] and 131Sq.ft each for D.No.4-240[32&53 ]] The property is in the ownership of Mr. P B Ibrahim. Boundaries: Part of shopping complex with road access on 2 sides (East and South) and on the other 2 sides with part of survey number. 2 All that part and parcel of NA land at S.No.7/4P2 [Part] in Badaga Mijar Village, Mangalore Taluk, Dakshina Kannada District to an extent of 3.50 Cents in the ownership of Mr. P B Ibrahim Boundaries: East & South: Remaining portion of same S.D. West: Road in remaining portion of same S.D. North: Survey Line All that part and parcel of NA land at S.No.7/11P1[Part] in Badaga Mijar Village, Mangalore Taluk, Dakshina Kannada District to an extent of 1.50 Cents] in the ownership of Mr. P B Ibrahim Boundaries: East: Remaining portion of same S.D. South: Survey Line West: Road in remaining portion of same S.D. North: Road in remaining portion of same S.D. 3 All that part and parcel of plot [NA/ Converted] at S No.176 SD No. 4 in Marpady Village, Mangalore Taluk, Dakshina Kannada District [Extent: 17.50 Cents]. The property is in the ownership of Mrs. B Fathima. Boundaries: North: Survey Line South: Road and Sub Division Line East: Road and Sub Division Line West: Remaining portion of the same sub division. 4 All that part and parcel of land [NA/ Converted] at S.No.177/10P2 to an extent of 9 cents in Kallabettu Village, Mangalore Taluk, Dakshina Kannada District in the ownership of Mr. P B Ibrahim. Boundaries: East, South & West: S.D. Line North: Survey Line Vacant plot [NA/ Converted] at S No. 177/11P1 to an extent of 16 cents in Kallabettu Village, Mangalore Taluk, Dakshina Kannada District in the ownership of Mr. P B Ibrahim. Boundaries: East, North & West: S.D. Line South: Survey Line 5 All that part and parcel of land [NA/ Converted] to an extent of 10.00 cents at S. No.125-2P7 in Pranthya Village, Mangalore Taluk, Dakshina Kannada District in the ownership of Mr. P B Ibrahim. Boundaries: North: Road South: Survey Line East: Portion of same SD, Site No. 7 West: Portion of same SD, Site No. 1 6 All that part and parcel of Shop Premises measuring 226 Sq.ft in Moodibidri Town Municipal and bearing D.No.5- 51(6) in the Ground floor of the commercial complex [“Lobo Arcade”] in S.No.122/1BP56 measuring 10 cents of Marpady Village, Mangalore Taluk, together with 1.5% undivided interest in the said land and interest in common areas, amenities and facilities in the ownership of Mr. P B Ibrahim. Boundaries: East: Aramane Lane South & West: Remaining portion of same S.D. North: Road 7 All that part and parcel of 5 Cents of land [Non-Agri/Converted] & with a house (D. No. 3/34/5 & D. No. 3/34/3) in S.No.252/1BP3, Hosangady Village, Hosangady Panchayat, Belthangady Taluk, Dakshina Kannada District. The property is in the ownership of Mr. P B Abdul Latheef. Boundaries: North and West: S No. 252/1B3 South: S No. 252/1BP1 East: S No. 252/2 8 All that part and parcel of two shop rooms No. 8 and 8A of Moodabidri town municipality measuring 371 Sq.ft. each situated in the Stilt/ground floor of the residential apartment “Samruddhi Apartment” together with 0.86 % plus 0.86 % undivided right in the S. No. 58/10P1– Non agricultural of Pranthya village, Mangalore Taluk along with common rights, amenities and facilities. Owner: Pattadi Sanitary Boundaries: North: Remaining portion of same S.D. East: Survey Line South: Remaining portion of same S.D. West: Remaining portion of same S.D. All that part and parcel of four shop rooms No. 8, 8A, 9 & 10 of Moodabidri town municipality measuring total 1466 Sq.ft. situated in the First floor of the residential apartment “Samruddhi Apartment” together with 1.72 % (for shop 8 & 8A) plus 1.68 % (for shop 9 & 10) undivided right in the S. No. 58/10P1(P) –Non agricultural of Pranthya village, Mangalore Taluk along with common rights, amenities and facilities. Owner: Pattadi Sanitary Boundaries: North: Remaining portion of same S.D. East: Survey Line South: Survey Line West: Survey Line 19.08.2019 between 2.00 P.M.