Asset Recovery Branch 1498-C, KVB Towers, 3rd Floor ...

Asset Recovery Branch

1498-C, KVB Towers, 3rd Floor,

Avinashi Road, Peelamedu,

Coimbatore – 641004

E-mail: [email protected]

Mobile : 81109 96655

SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES & E-AUCTION ON 21.01.2022

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 following Borrower/s

and Guarantor/s availed credit facilities from The Karur Vysya Bank Limited Branches

mentioned below, the repayment of which are secured by Mortgage of below mentioned

properties as per the details given below. As the under mentioned borrowers / guarantors

failed to make payment despite the Demand Notice sent under SARFAESI Act-2002, the

Authorized Officers of the Bank have taken Possession of the properties. As per Sec 13(4) of

the Act, the Secured Creditor is entitled to sell the assets taken constructive possession of

and realize the proceeds towards the outstanding balance. In accordance with the same,

the Authorized Officers propose to sell the below mentioned securities by way of E-auction

mode on 21.01.2022. The sale is made on “As is where is”, “As is what is”, and “Whatever

there is” condition.

Sl.No:1:- Salem Main Branch : Name of Borrower (s)/Guarantor(s): 1) M/s Krishna Windows,

Rep. By its Sole Proprietor Mr S Karthikeyan, S/o N Selvaraj, D.No.15, SIDCO Industrial Estate,

Veerapandi Union, Ariyanoor Post, Salem–636308, residing at D.No.63/74, Azad Street, VOC

Market Back Side, Salem–636001 and Guarantors 2) Mrs S Amutha, W/o N Selvaraj,

D.No.63/74 Azad Street, VOC Market Back Side, Salem–636001 and 3) Mr N Selvaraj, S/o

Nagappan, D.No.63/74 Azad Street, VOC Market Back Side, Salem–636 001.

Total outstanding is Rs.32,82,889.71 (Rupees Thirty Two Lakhs Eighty Two Thousands Eight

Hundred & Eighty Nine and Paise Seventy One Only) as on 30.11.2021 with further interest,

costs, other charges and expenses thereon.

Mortgaged Asset : Property standing in the name of Mrs S Amutha: Salem Registration District,

Salem Sub Registration District Salem Town “H” Division, D No.74/63A, Azad Street (Udayar

Street), Old S No.691, New TS No.237, Ward K, Block 7, within this an extent of 683 sq ft of land

with constructions within following four boundaries:

North – Siraj Unnisa Property,

South – Abdul Sardar Property,

East – South North passage of Azad Street,

West – Abdul Rashid Rowther Property

In the middle,

East West Northern Side 37’6” Southern Side 39’6”,

South North Eastern Side 17’9” Western Side 17’9”

Within this an extent of 683 Sq. Ft. of Land with constructions (built up area of 1569 Sq. Ft.,)

along with doors, windows, electrical fittings and pathway rights and easementary rights

more fully described in the Registered Sale Deed dated 27.08.1993, under Document

No.1427/1993. This property is situated within the Salem Municipal Limit.

Reserve Price – Rs.36,00,000/-; EMD: Rs.3,60,000/- ; Bid Multiplier : Rs.50,000/-.

Branch Manager Contact No:90477 06367

Sl.No.2:- Rasipuram Branch : Name of Borrower (s)/Guarantor(s): 1) M/s M S Traders, Rep by

its Sole proprietor Mr S Iqbal, S/o Samsudeen, No.85, Abirami Garden, Kattur Road,

Rasipuram–637408, 2) Mrs Sithifouzia, W/o S Iqbal, No.85, Abirami Garden, Kattur Road,

Rasipuram–637408.

Total outstanding is Rs.32,93,238.48 (Rupees Thirty Two Lakhs Ninety Three Thousands Two

Hundred & Thirty Eight and Paise Fourty Eight Only) as on 30.11.2021 with further interest, costs,

other charges and expenses thereon.

Mortgaged Asset : Property Standing in the name of Mrs Sithifouzia: Namakkal District,

Namagiripet Sub-Registration, Rasipuram Taluk, Seerapalli Village, SF No.22/1 Dry Hec 0.92.5

(Acre 2.28) New SF No.22/1B, D.No.117 within this an extent of 0.22 acres (Item No.1) land

and building within the following four boundaries:

North by M.Gunarajan Land,

South by Rajammal Land,

East by S.F. No. 22/3,

West by Kanthapandithar Land.

In above said village, SF No.22/3 Dry Hec 1.20.5 (Acre 2.98) New SF No.22/3B within this an

extent of 0.26 acres (Item No.2) land and building within the following four boundaries:

North by M.Gunarajan Land,

South By Rajammal Land,

East by North South Panchayat Road,

West by S.F. No. 22/1.

Thus the above said both items put together with an extent of 0.48 acres land and building

along with fixtures, fittings and superstructures and all mammool pathway rights and

easementary rights attached thereto and all other appurtenance attached therein more

fully described in Registered Sale Deed dated 06.01.2011 vide Doc. No.22/2011. This property

lies within the limits of Seerapalli Village.

Reserve Price – Rs.43,00,000/-.; EMD: Rs.4,30,000/- ; Bid Multiplier : Rs.50,000/-

Branch Manager Contact No. 95855 51106

Sl.No.3:- Salem Shevapet Branch : Name of Borrower (s)/Guarantor(s): 1) Mrs R Renuga, D/o P

Paramasivam, D No.15-A, ‘A’ Block, Second Floor, Green Park Avenue, Fairlands, Near New

Bus Stand, Salem District – 636016 - Primary Borrower cum Title Holder and 2) Mr P

Paramasivam, S/o Late Perumal, D No.16-A, ‘A’ Block, Second Floor, Green Park Avenue,

Fairlands, Near New Bus Stand, Salem District – 636016 - Legal Heir of Deceased Joint

Borrower cum Joint Title Holder P Ramamoorthy.

Total outstanding is Rs.54,30,444.50 (Rupees Fifty Four Lakhs Thirty Thousands Four Hundred &

Fourty Four and Paise Fifty Only) as on 19.11.2021 with further interest, costs, other charges

and expenses thereon.

Mortgaged Asset : Property standing in the name of Mrs R Renuga and Late P Ramamoorthy:

Salem District, Salem West Registration District, Salem Joint III Sub-Registration District, Salem

Town, Pallapatty Village, Patta No.122, ShesharamaIyyar Nanjai, subsequent to the sub

division S.No.164/3. Then sub division S.No.164/3B,within this land divided into plots, in S.

No.164/3B1, as per the present survey Ward L, Block 11, in T. S. No.33, in Plot No. 67,

D.No.556/1, within this to an extent of 2570 Sq.Ft. of residential land with building within

following four boundaries:

North of house belongs to L.Banumathi in Plot No. 68,

South of house belongs to Savithiri in Plot No. 66,

East of 30 feet road,

West of land belongs to Krishnamoorthy

Admeasuring,

East-West Northern Side 57’ 3’’, Southern Side 65’ 6’’

South-North Eastern Side 40’, Western Side from North to South 25’ 3’’, then towards South 15’

3’’

Within this an extent 2570 Sq.Ft. of residential land with building along with pathway rights

and easementary rights more fully described as in the schedule of the Registered Sale Deed

dated 21.08.2017 under Document Number 1471/2017 and all other appurtenances

attached thereon. This property lies with the limits of Salem Corporation

Reserve Price – Rs.1,06,00,000/-; EMD: Rs.10,60,000/- ; Bid Multiplier : Rs.50,000/-.


Sl.No.4:- Salem Shevapet Branch : Name of Borrower (s)/Guarantor(s): 1) M/s Salient Springs

Fashions, Partnership Firm - 10-2/3, Sri Rangapalayam East Street, I.C. Vidhyalaya Road,

Salem–636007, 2) Mr N Sundararajan, Partner, S/o Narayanasamy 38/24, Puthu Street,

Ammapet, Salem Dt–636003, 3) Mr M Aswinkumar, Partner, S/o Manoharan, 99/33,

ThiruVi.K.Pathai, Ammapet, Salem Dt–636003, 4) Mr S Vijayashankar, Guarantor/ Title Holder,

S/o Selvarajan, 64/315, 8th-Cross, Brindhavan Road, Fairlands, Salem Dt-636004.

Total outstanding is Rs.85,17,208.57 (Rupees Eighty Five Lakhs Seventeen Thousands Two

Hundred & Eight and Paise Fifty Seven Only) as on 30.11.2021 with further interest, costs, other

charges and expenses thereon.

Mortgaged Asset : Property standing in the name of Mr S Vijayashankar: Salem East

Registration District, Yercaud Sub Registration Office, Yercaud Taluk, No.15 Yercaud Village,

RS No. 62/1B1B, Dry Acre 16.51 cents, Assessment Rs.16.50, as per resurvey RS No.62/3, Dry

Acre 15.00, Patta No.869 within this an extent of 22,528 Sq. Ft. of land within the following four

boundaries:

North By MSP Plantations,

South By 30’ wide estate road,

East By land belonging to Vinoth,

West By land purchased by Vijayalingam.

with all mammool pathway rights and easementary rights attached thereto and all other

appurtenance attached therein morefully described in Registered Sale Deed dated

11.06.2010 vide Doc. No.632/2010.



Sl.No.5:- Paundamangalam : Name of Borrower (s)/Guarantor(s): 1) Mr C Sasikumar, S/o M

Chettimuthu, No.4/60A, North Street, Moorthipatti, Sungakarampatti Post, P Velur Taluk,

Namakkal-637206 and guarantors 2) Mr C Saravanan, S/o M Chettimuthu, No.4/60A, North

Street, Moorthipatti, Sungakarampatti Post, P Velur Taluk, Namakkal-637206, 3)Mr M

Chettimuthu, S/o Marappan, No.4/60A, North Street, Moorthipatti, Sungakarampatti Post, P

Velur Taluk, Namakkal-637206.

Total outstanding is Rs.54,37,257.28 (Rupees Fifty Four Lakhs Thirty Seven Thousands Two

Hundred & Fifty Seven and Paise Twenty EIght Only) as on 10.11.2021 with further interest,


Mortgaged Asset : Property No.1: Namakkal Regn, District, Paramathi Sub Registration District,

Sungakarampatti Village, SF No.35/3B in 0.42.0 hec., in this with an extent of 1.04 acre within

following four boundaries,

North: East West Panchayat Road.

South: lands owned by Sathasivam & Thangavel,

East: Land owned by Subban,

West: land owned by chettiannan.

Within this an extent of 1.04 acre of land with building and all mammool pathway rights and

all other appurtenances attached thereon. The property is situated within the Paramathi

Panchayat Union Limit.


Property No.2: Namakkal Regn District, Paramathi Sub Registration District, Koodacheri

Village, SF No.111/1 in 0.50.0 hec, 1.23 acre in this an extent of 6,600 sq.ft of within following

four boundaries

North: Balakirshnanan”s land,

South: Karthikeyan's land,

East: South north tar road,

West: south north itteri.

Measuring

east west on both sides 132 feet

South north on both sides 50 feet

Within this an extent of 6,600 Sq ft of land and all mammool pathway rights and all other

appurtenances attached thereon. The property is situated within the Paramathi Panchayat

Union Limit.



Sl.No.6:- Harur : Name of Borrower (s)/Guarantor(s): 1) M/s Sri Vinayaga Agencies,

Represented by its Sole Proprietor Mr V Venkatesan, S/o Mr Venkatasamy, D No.7/370/1, Four

Roads, Melbatchapettai, Harur Taluk, Dharmapuri District–636903, the borrower and residing

at Mr V Venkatesan, S/o Mr Venkatasamy, D No.7/296, Govindhasamy Nagar, Harur Taluk,

Dharmapuri District–636903 Sole Proprietor cum Title Holder, 2) Mr V Ramkumar, S/o Mr

Venkatasamy, D No.1-96, Ward 1, Thonganur Village, Karkodahalli (R.V.), Sinthalpadi Post,

Pappireddipatti Taluk, Dharmapuri District–635302, the Guarantor and 3) Mrs K Prema, W/o V

Venkatesan, D No.1-96, Ward 1, Thonganur Village, Karkodahalli (R.V.), Sinthalpadi Post,

Pappireddipatti Taluk, Dharmapuri District–635302.

Total outstanding is Rs.69,15,725.27 (Rupees Sixty Nine Lakhs Fifteen Thousands Seven

Hundred & Twenty Five and Paise Twenty Seven Only) as on 30.11.2021 with further interest,


Mortgaged Asset : Property No.1 standing in the name of Mr V Venkatesan: Dharmapuri

District, Harur Taluk, Harur Sub-Registration District, Mettupatti Village, S No.4/2B3, Plot No.131,

Ward No.7 (Old Ward No.5), Golden City Layout, in this with total extent of 1973 Sq. Ft. of land

within the following four boundaries.

North of 20’0’’ feet wide road

South of Plot No.120

East of Plot No.132 & 133

West of Plot No.130

admeasuring

South-North Eastern side 65’, Western side 66’ ½’’

East - West Both Sides 30’0’’

Thus the land with an extent of 1973 Sq. Ft. with routine pathway rights and easementary

rights more fully described in the schedule of the Registered Sale Deed dated 18.03.2013

under Document No. 1347/2013. This property is situated in within the limits of Harur Town

Panchayat Old Ward No.5, New Ward No.7.


Property No.2 standing in the name of Mr V Venkatesan: Dharmapuri District and Registration

District, Harur Taluk, Harur Sub-Registration District, Harur Village, Keel Batchapettai

(Shanmugam Teacher Santhu), Ward No.4, S.No.159/1, New S.No.159/1A4, Old D.No.77E34,

New D.No.293, in this with total extent of 1508 Sq. Ft. of land with constructions within the

following four boundaries:

North of Vediyappan lands,

South of Thangammal and Selvam houses,

East of Subash vacant site sold by Anbalagan and Pallipattikarar,

West of 12 feet common road

admeasuring

North - South Both Sides 26’

East - West Both Sides 58’

Thus the land with an extent of 1508 Sq. Ft. along with constructions, with electric fittings SC

No.870,1319 meter deposit and with routine pathway rights and easementary rights more

fully described in the schedule of the Registered Sale Deed dated 12.04.2017 under

Document No.1350/2017. This property is situated in within the limits of Harur Town Panchayat,

Ward No.4, Keelbatchapettai (Shanmugam Teacher Santhu).


Branch Manager Contact No: 96554 46552

GENERAL :

Date & Time of e-auction The E-Auction will take place through portal http://www.

indianbankseauction.com on 21.01.2022 between 16.00 to 17.00

hours with unlimited extensions of 10 minutes each till sale is

concluded.

Inspection of property On any Bank working day between 20.12.2021 to 20.01.2022

with prior appointment

Last date for submitting

Tenders

20.01.2022 by 17.00 hours

EMD by RTGS A/c No :- 1101351000000973

Name of A/c :- BID COLLECTION A/c of SARFAESI

E-AUCTION PROCEEDS:- Name of the Account

IFSC code :- KVBL0001101

The E-tenders should be accompanied with EMD remittance details. EMD should be remitted

through RTGS / NEFT to Nodal Bank Account without time lag, failing which the tender

becomes disqualified or The EMD of 10% of the Reserve Price can also be paid by way of a

Demand Draft/Pay Order drawn in favour of The Karur Vysya Bank Ltd, Payable at Karur

along with Bid Form.

TERMS AND CONDITIONS OF THE E-AUCTION ARE AS UNDER

1. E – Auction is being held on “AS IS WHERE IS”, “AS IS WHAT IS” AND “WHATEVER THERE

IS” basis.

2. The E-auction will take place through portal http://www.indianbankseauction.com on

21.01.2022 between 16.00 to17.00 Hours with unlimited extensions of 10 minutes each till sale is

concluded.

http://www.indianbankseauction.co/



3. For detailed procedure and terms and conditions of E-Auction, interested bidders

may visit http://www.indianbankseauction.com and download relevant documents.

Interested bidders may also get in touch with service provider on below mentioned contact

numbers.

4. It shall be in the discretion of the Authorized Officer to cancel the auction

proceeding for any reason and return the EMD submitted and Bank would not entertain any

claim or representation in that regard from the bidders.

5. Particulars specified in respect of the said property/ies in the above schedule have

been stated to the best of the information of the Authorized Officer / Bank.

6. The intending purchaser / bidder is required to submit amount of EMD and register

their name at http://www.indianbankseauction.com to the above mentioned account and

get user ID and Password free of cost and get training E-Auction from Mr Pratap Kanjilal and

Mr D D Pakhare, Ph: 080-23469665; Mobile Nos.9832952602, 9911293517, 8898418010, 94806

91777; [email protected] / [email protected]. Cheques will not be

accepted for EMD.

7. The said EMD shall be adjusted in the case of highest bid, otherwise it will be

refunded. The earnest money deposit will not carry any interest. Brokers / Middlemen shall

not be entertained.

8. The sale shall be confirmed in favour of the purchaser who has offered the highest

sale price in his bid to the Authorised Officer and shall be subject to confirmation by the

Bank.

9. The purchaser shall deposit 25% of the amount of sale price after adjusting the

Earnest Money Deposit within 24 hours (Banking Days) of acceptance of highest bid by the

Authorized Officer in respect of sale, failing which the Earnest Money Deposit shall be

forfeited. The highest bidder shall be declared to be the purchaser of the properties

mentioned herein provided he should be legally qualified to bid at all stage.

10. The balance 75% of the sale price shall be paid by the purchaser on or before 15th

day (during banking hours) of confirmation of sale by the Authorized Officer or such

extended period as agreed upon in writing by and solely at the discretion of the Authorized

Officer.

11. In default of payment of sale price or any part thereof within the period(s) mentioned

hereinabove, the deposit(s)/ Part payment shall be forfeited and the property shall be resold

and the defaulting purchase shall forfeit all claims to the property or any of the sum for which

it may be subsequently sold.

12. On confirmation of the sale by the Bank and or compliance of the terms of payment

the Authorized Officer shall issue a certificate of sale of the said property in favour of the

purchaser in the form given in Appendix V to Enforcement of Security Interest Rules.

13. The Authorized Officer is not bound to accept the highest bid or any or all bids and

reserves the right to accept or reject any or all the bids without assigning any reason thereof

and his decision will be final binding on all the parties attending the auction.

14. Participation by any person in the sale shall be treated as conclusive evidence of the

fact that the party has inspected the property/ies offered for sale and satisfied himself about

the title, measurement, extent, boundaries and location of the property/ies. It shall also imply

and be taken for granted that the party has carefully gone through and understood the

terms and conditions of auction including the amendments if any, prevailing at the time of

auction bid. No objection shall be entertained by the Bank and or the Authority after the bid

is accepted.

15. The successful purchaser would bear all the charges / fees payable for conveyance

such as stamp duty, registration fee, applicable GST (Goods and Service Tax) and all other

taxes etc., as applicable as per law of Government of India and state of Tamilnadu and

other Authorities.

16. Delivery / possession should be taken by the purchaser or his authorized

representative against proper authorization letter only and it should be completed within the

time schedule at their own risk, cost and arrangement and they will not be entitled to claim

any facility or assistance or cost on this account from the Bank.

17. Any other conditions / changes / amendments to the auction terms and conditions, if

made, and which are not incorporated in these terms and conditions will be announced at

the time of auction which will be binding on the bidders.



mailto:[email protected]

18. The Bank reserves its right to accept / reject any bid, withdraw any property at any

stage from auction sale after acceptance of the deposit amount for full value by the buyer,

without assigning any reason thereof and value of such properties if paid for, shall be

refunded.

19. The Bank shall not be responsible for any damage or loss, whatsoever, to purchaser

on account of such withdrawal.

20. The property/ies will be put for auction as per the convenience of Bank and it is not

obligatory to go serially if the properties are more in number.

21. The properties shall remain in every respect at the risk of the purchaser from the date

of acceptance of their offer and the Bank shall have no liability for the safe custody or

preservation thereof till the date of delivery / taking possession by the purchaser.

22. To the best of the knowledge and information of the Authorized Officer no other

encumbrance exists on the properties.

23. All persons participating the E-Auction should upload and submit his / their sufficient

and acceptable proof of his / their identity, residence, and authority and also PAN / TAN

cards etc.

24. Participation by anyone in this sale shall be treated as conclusive evidence of the

fact that the party has inspected the assets offered for sale and satisfied himself/herself in all

respects and the principle “Caveat Emptor” (let the buyer beware) will apply.

25. As per the Section 194 -1A of the Income Tax Act 1961, TDS @1% will be applicable on

the sale proceeds where the sale transaction is Rs.50,00,000/-(Rupees Fifty Lakhs) and above.

The successful bidder /purchaser shall deduct 1% TDS from the Sale Price and deposit the

same with the income tax department in Form No.16B, containing the Bank’s Name and the

PAN No.AAACT3373J as a seller and submit the original receipt of the TDS Certificate to the

Bank.

26. The sale is subject to the conditions prescribed in the SARFAESI Act, Rules 2002,

amended from time to time and the conditions mentioned above.

Special Instructions: Bidding in the last minutes and seconds should be avoided in the bidders

own interest Neither The Karur Vysya Bank Ltd nor Service Provider will not be held responsible

for any lapses / failure (Internet Failure, Power Failure etc.,) on the part of the vendor, in such

cases, in order to ward-off such contingent situation bidders are requested to make all the

necessary arrangements / alternatives such as back-up power supply whatever required so

that they are able to circumvent such situation and still be able to participate in the auction

successfully.

Statutory 30 days’ Notice under Rule 8(6) of the SARFAESI Act, 2002 :

The borrower/s and guarantor/s are hereby notified to pay the dues as mentioned above

along with up to date interest and ancillary expenses before the date of e-Auction, failing

which the Schedule property will be auctioned/sold and balance dues, if any, will be

recovered with interest and cost.

For THE KARUR VYSYA BANK Ltd.

Place: Coimbatore

Date : 13.12.2021 Authorised Officer

Asset Recovery Branch 1498-C, KVB Towers, 3rd Floor ...

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