INDIAN BANK,UDAYARPALAYAM,ARIYALUR(DT) Publication Sale Notice (Including for e-auction mode)

INDIAN BANK,UDAYARPALAYAM,ARIYALUR(DT)
Publication Sale Notice
(Including for e-auction mode)
Notice of intended sale under Rule 6(2) & 8(6) of The Security Interest
(Enforcement) Rules 2002 under The Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act 2002
Borrower:
Guarantor:
Mr.S.Natarajan
s/o.Somasundaram
3/233,Kannadiyar street
Vanathirayanpattinam
Udayarpalayam(tk)
Ariyalur(dt)
Mr.K.Rathinasamy
s/o.Kulandaivelu
Kannadiyar street
Vanathirayanpattinam
Udayarpalayam(tk)
Ariyalur(dt)
Mr.S.Natarajan has availed Home loan facility f r om Indian Bank,
U d a y a r p a l a y a m Branch, the repayment
of
which
is
secured
by
mortgage/hypothecation of schedule mentioned properties hereinafter referred
to as “the Properties”. Mr.S.Natarajan failed to pay the outstanding to the bank.
Therefore a Demand Notice dated 04.07.2014 under Sec 13 (2) of Securitisation
and Reconstruction of Financial Assets and Enforcement of Security Interest Act
2002 (for short called as “The Act”), was issued by the Authorised Officer calling
upon Mr.S.Natarajan and Mrs.K.Rathinasamy liable to the Bank to pay the
amount due as on 03.07.2014 viz Rs.159103/- (Rupees.one lakh fifty nine
thousand one hundred and three only) with further interest from 04.07.2014 and
costs, other charges and expenses thereon. The Borrower and Guarantor failed
to make payment despite demand Notice dated 04.07.2014
As Borrower / Guarantor failed to make payment despite Demand notice, the
Authorised Officer took possession of the schedule mentioned properties under
the Act on 12/09/2014 after complying with all legal formalities.
The amount due as on 09/11/2014 is Rs.165724/- (Rupees One lakh sixty five
thousand seven hundred and twenty four only) with further interest from
10/11/2014 and costs, other charges and expenses thereon.
The sale proposed to be held is by way of public tender /
auction adopting the e-auction mode on 22/12/2014
The Tender/bid Form with the terms and conditions can be had on-line from the
website www.matexauctions.com and using the provision in the system /
software, the same could be procured using the ‘seal bid option’ such that the
activities could be done online. The tender form and the terms and
conditions would be available in the website from 21/11/2014 to 20/12/2014.
The last date for submitting tenders/bids complying with all necessary terms
along with EMD in the stipulated manner is 20/12/2014 by 3.30 pm.
The tenders/bids shall be opened on 22/12/2014 from 11 am to 12.00 noon in
the e-auction mode.
Inspection of the scheduled properties and related documents / up to date EC
etc. by the intending purchasers /bidders may be done at their expense on
15/12/2014 between 11.00 am to 5.00 pm.
The Reserve price and Earnest Money Deposit (EMD) for the sale of the secured
assets is fixed as mentioned in the schedule.The sealed tenders should be
accompanied with EMD taken in t h e f o r m o f DD / BPO / RTGS / NEFT /
Account Transfer and / or any other acceptable mode of money transfer
without time lag, failing which the tender becomes disqualified.
The Nodal Bank account No./IFSC Code etc. for online money transfer is as
under:
S.No.
1.
Nodal Bank A/c No.
6097250284
IFSC Code
IDIB000T027
The sale shall be conferred on the person making highest offer / tender / bid
Subject to confirmation by Secured Creditor.The Authorised Officer reserves right
to accept or reject the bid / tender without assigning any reason whatsoever. Once
the auction / e-auction is completed and sale is conferred on the person
making the highest offer / tender / bid, the successful bidder will be intimated in
person / by email, as the case may be, who has to remit 25% of the bid amount
(less the EMD) immediately by DD / BPO / RTGS / NEFT / Account Transfer and/
or any other acceptable mode of money transfer, failing which the EMD amount
remitted will stand to be forfeited.
The balance sale price shall be paid within 15 days of confirmation of sale or
extended time in writing. If the balance amount is not remitted within
stipulated/agreed time, the amount of 25% remitted will also stand to be forfeited.
The sale is subject to confirmation by the Secured Creditor.
In the case of movable property/ies the sale price to be paid as agreed to/as per
terms of sale published.The Authorised Officer reserves right to accept or reject the
tender/bid/offer without assigning any reason therefor.
The sale is made on “As is where is and As is What is” basis and no
representations and warranties are given by the Bank relating to encumbrances
statutory liabilities etc.
If the e-auction fails owing to any technical snag etc., the same may be
re-scheduled by issuing 7 days prior notice.
This Notice is without prejudice to any other remedy available to the Secured
Creditor.
SCHEDULE
The specific details of the assets which are intended to be brought to sale are
enumerated hereunder:
Mortgage
Detailed
Reserve
d/
Description to
price
Hypothec
be given
ated
assets
item- wise Out of 9.50.0 ars ,EastItem-1
----------Natham
old
S.F.No.266
New
S.F.No.423/3
Location:
Ariyalur
district,Udayarp
alayam taluk,
Udayarpalayam
Sub-registry , at
Vanathirayanpat
tinam village
Item-2
Natham
old
S.F.No.266
New
S.F.No.423/3
Location:
Ariyalur
district,Udayarp
alayam taluk,
Udayarpalayam
Sub-registry , at
Vanathirayanpat
tinam village
west23 feet,North-south66 feet with a RCC
terraced
and
tiled
building
2783 sqft
Boundaries:
To the North of Street ,to
the south of
Nandavanam, to the west
of undermentioned
second item ,to the East
of Shanmugam house
and site
East-West
:14
North-south :66
thottam=882 sqft
Date,
time and
place of
sale
Pr
io
r
Encumbran
ce
Nil
Rs
Rs.595000/- 59500/(item 1+2)
(item 1+2)
22/12/2014
11am to 12
noon
eauction
feet,
feet,
Boundaries:
To the East of above said
first item, to the North
and
West
of
Kamatchiammal,s site, to
the
south
of
Nandavanam
**Last date
and time 20.12.2014
for
before 3.30 PM
submission
of
bid
through eauction
mode
EMD
22/12/2014
11am to 12 NIL
noon
eauction
Bidders are advised to visit the website (http:// www.matexauctions.com) of our
e-auction service provider M/s.Matexnet Pvt Ltd Ph:04223209003 / 3209004 for auction
bid form and detailed terms and conditions which are annexed to the bid form. The
helpline No. to get assistance during the entire process is R. Gopinath,
Mobile:9944171360
Kulithalai
20/11/2014
The Authorised Officer/Chief Manager
Indian Bank ,Kulithalai,Karur(dt)
Mobile. 9486001027