Kanipakam branch - Matexnet

1
From:
AUTHORISED OFFICER
INDIAN BANK
ZONAL OFFICE
P V N COMPLEX
CHITTOOR -517001
Date:18.12.2014
Publication of sale Notice
(Including for e-auction)
Notice of intended sale under Rule 6(2) and Rule 8(6) of The Security Interest
(Enforcement) Rules 2002 under The Securitization and Reconstruction of Financial
Assets and Enforcement of Security Interest Act 2002.
TO:
Borrower/Co-borrower/mortgagor:
Guarantors:
1.Mrs.S.NIRMALA
(Partner:M/s.Chandni Ready made Garments)
W/o.S.Subramanyam Reddy
17-391, Subedar Street,
Chittoor-517 001.
3.Mr.S.Subramanyam Reddy
S/o.S.Chinnaswamy Reddy
D.No.17-391, Subedar Street
Chittoor- 517001.
4.A.Chinnamma
W/o.A.Gopala Naidu
D.No.21-155, Brahmanapalli Indlu,
Opp.road to SITAMS College,
Tirupathi to Bangalore bypass road,
Chittoor.
5. S.Vidya Sagar,
S/o.Gurappa Naidu
D.No.21-155, Brahmanapalli Indlu,
Opp.road to SITAMS College,
Tirupathi to Bangalore bypass road,
Chittoor.
2. Mrs.S.Ramadevi
(Partner:M/s.Chandni Ready made Garments)
W/o.S.Vidya Sagar
D.No.21-155, Brahmanapalli Indlu,
Opp.road to SITAMS College,
Tirupathi to Bangalore Bypass Road, Chittoor.
SUB : Loan Account Nos. 912432662, 937791860, 6069595596 of M/s.Chandini
Readymade Garments with Kanipakam branch.
*****
M/s.Chandini readymade garments, represented by its partners, 1.Smt.S.Nirmala,
W/o.S.Subramanyam Reddy and 2.Smt.S.Rama Devi, W/o.S.Vidyasagar had
availed following loan facilities from Indian Bank, Kanipakam Branch
Nature of facility
Loan Account No.
OD SECURED - BASE RATE
912432662
937791860
6069595596
IB TRADE FINANCE - TL
TRADEWELL SCHEME NEW -TL
Limit. (Rs in lacs)
Rs. 12.00 lakhs
Rs. 6.00 lakhs
Rs. 4.00 lakhs
The repayment of the aforesaid loans are secured by mortgage of schedule mentioned
property hereinafter referred to as “the property”. M/s.Chandini Readymade garments
failed to pay the outstanding to the bank., therefore a Demand Notice dated 08.01.2014
under Sec.13(2) of Securitization and Reconstruction of Financial Assets and
2
Enforcement of Security Interest Act 2002 (for short called as “The Act”) was issued by
the Authorized Officer calling upon M/s.Chandini readymade garments and others liable
to the Bank to pay the amount due to the tune of Rs. 20,90,050/- ( Rs. Twenty lakhs
ninety thousand and fifty only ) with further interest ,costs, other charges and expenses
thereon.
M/s.Chandini readymade garments and others failed to make payment despite Notice
dated 08.01.2014.
As M/s.Chandini Readymade Garments and others failed to make payment despite notice dated
08.01.2014, the Authorized Officer of Indian Bank took possession (symbolic) of the schedule
mentioned properties under the Act on 14.06.2014 after complying with all legal formalities.
The amount due as on 30.11.2014 is Rs.22,49,584/- (Rs. Twenty twolakhs forty nine
thousand and five hundred eighty four only) with further interest, cost, other charges
and expenses thereon.
The date of sale is fixed as 27.01.2015 at 10.30 am which would
be by ‘e-auction mode’.
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 22.12.2014 to 23.01.2015 from 10.00
am to 5.00 PM.
The last date for submitting tenders/bids complying with all necessary terms along
with EMD in the stipulated manner is 24.01.2015 by 2.00 pm.
The tenders/bids will be opened on 27.01.2015 by 10.30 AM in e auction mode
The Inspection of the schedule mentioned property and related documents and
upto date EC may be had by the intending purchasers/bidders at his own expenses
on 21.01.2015 between 10.00AM to 5.00 PM.
The Reserve Price and Earnest Money Deposit for the sale of the secured assets is
fixed as mentioned in the schedule.
The
sealed tenders should be accompanied with EMD taken in
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 Nodal Bank A/c No.
IFSC Code.
1
Indian Bank,CHITTOOR Branch.
IDIB000C026.
C/A.No. 6173500682.
The sale shall be conferred on the person making highest offer /tender / bid
subject to confirmation by Secured Creditor. The Authorized officer reserves right
to accept or reject the bid / tender without assigning any reason whatsoever.
3
Once the 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.
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
statuary liabilities etc.
If the e-auction fails owing to any technical snag etc., the same may be rescheduled by issuing 7 days prior notice.
This Notice is issued without prejudice to any other remedy available to the
Secured Creditor
Schedule of property to be sold
All that part and parcel of property of
The site (Urban vacant lands) & RCC roofed residential building at D.No.21-155, S.No.464/2,
465/2, 467/1, 463, 460, 464/3, 465/3 & 465/4, 465/1 of Thimmasamudram R.Vill. Opposite
road of SITAMS college, Tirupathi to Bangalore bypass road, Chittoor Town & District,
Andhrapradesh.
Boundaries
West :
East :
South :
North :
for the scheduled site & building measuring Ac.2.68 cents&93.11 Sq.m(plintharea)
Land of Mohan Naidu
Road & House of Mohan Naidu & Land of Banu Naidu
Land of Munirajulu Naidu
Land of Munaswamy Naidu
The Specific details of the assets which are intended to be brought to sale are
enumerated as above from the property belongs to Smt.A.Chinnamma,
W/o.A.Gopala Naidu.
Reserve Price: Rs.
ONL)
98,50,000 (Rs. NINTY EIGHT LAKHS FIFTY THOUSAND
Earnest Money Deposit (EMD) Payable:Rs. 9,85,000(Rs.
FIVE THOUSAND ONLY )
NINE LAKHS EIGHTY
Bidders are advised to visit the website (www.matexauctions.com) of our e auction service
provider M/s.Matex Net Pvt Ltd., 4&5, First Cross KR Colony, Domlur Layout, Bangalore560071, for auction bid form and detailed terms and conditions which are annexed to the bid
form
.
4
1
E mail address
2
3
Phone No
Name of the contact persons
[email protected]
[email protected]
08042440600 to 620
Mr.OMPRAKASH – 08884614141
4
5
Website
Date, Time and place of sale.
www.matexauctions.com
INDIAN BANK,
Zonal Office, Seshapeeran Street,
CHITTOOR 517 001 AP
27.01.2015 at 10.30 A.M.
Place: Chittoor
Date: 18.12.2014
Authorized Officer of Indian Bank,
Zonal Office, Chittoor.
1
From:
AUTHORISED OFFICER
INDIAN BANK
ZONAL OFFICE
P V N COMPLEX
CHITTOOR -517001
Date:18.12.2014
Notice of Intended sale
(Including for e-auction)
Notice of intended sale under Rule 6(2) and Rule 8(6) of The Security Interest
(Enforcement) Rules 2002 under The Securitization and Reconstruction of Financial
Assets and Enforcement of Security Interest Act 2002.
TO:
Borrower/Co-borrower/mortgagor:
1. Chandinireadymade Garments
w/o Subrahmanyam Reddy,
17/378. Subedar Road, Chittoor
Guarantors:
1 .Mrs.S.NIRMALA
(Partner:M/s.Chandni Ready made
Garments)
W/o.S.Subramanyam Reddy
17-391, Subedar Street,
Chittoor-517 001.
2. Mrs.S.Ramadevi
(Partner:M/s.Chandni Ready made
Garments)
W/o.S.Vidya Sagar
D.No.21-155, Brahmanapalli Indlu,
Opp.road to SITAMS College,
Tirupathi to Bangalore Bypass Road,
Chittoor.
3.Mr.S.Subramanyam Reddy
S/o.S.Chinnaswamy Reddy
D.No.17-391, Subedar Street
Chittoor- 517001.
4.A.Chinnamma
W/o.A.Gopala Naidu
D.No.21-155, Brahmanapalli Indlu,
Opp.road to SITAMS College,
Tirupathi to Bangalore bypass road,
Chittoor.
5. S.Vidya Sagar,
S/o.Gurappa Naidu
D.No.21-155, Brahmanapalli Indlu,
Opp.road to SITAMS College,
Tirupathi to Bangalore bypass road,
Chittoor.
SUB : Loan Account Nos. 912432662, 937791860, 6069595596 of M/s.Chandini
Readymade Garments with Kanipakam branch.
*****
M/s.Chandini Readymade Garments availed following loan facilities from Indian
Bank, Kanipakam Branch
Nature of facility
Loan Account No.
OD SECURED - BASE RATE
912432662
937791860
6069595596
IB TRADE FINANCE - TL
TRADEWELL SCHEME NEW -TL
Limit. (Rs in lacs)
Rs. 12.00 lakhs
Rs. 6.00 lakhs
Rs. 4.00 lakhs
2
The repayment of the aforesaid loans are secured by mortgage of schedule mentioned
property hereinafter referred to as “the property”. M/s.Chandini readymade Garments
and others failed to pay the outstanding to the bank., therefore a Demand Notice dated
08.01.2014 under Sec.13(2) of Securitization and Reconstruction of Financial Assets
and Enforcement of Security Interest Act 2002 (for short called as “The Act”) was
issued by the Authorized Officer calling upon M/s.Chandini readymade garments and
others liable to the Bank to pay the amount due to the tune of Rs. 20,90,050/- ( Rs.
Twenty lakhs ninety thousand and fifty only ) with further interest ,costs, other charges and
expenses thereon.
M/s.Chandini readymade garments and others failed to make payment despite Notice
dated 08.01.2014.
As M/s.Chandini readymade garments and others failed to make payment despite notice dated
08.01.2014, the Authorized Officer of Indian Bank took possession (symbolic) of the schedule
mentioned properties under the Act on 14.06.2014 after complying with all legal formalities.
As per section 13(4) of the Act, Secured Creditor is entitled to effect sale of the
assets taken possession of and realize the proceeds towards the outstanding
balance. In accordance with the same, the Authorized Officer of Indian Bank is
entitled to sell the schedule mentioned securities in any of the following modes:
The sale proposed to be held is by way of e-auction adopting the e-auction mode.
As per Rule 6 (2) and 8(6) of The Security Interest (Enforcement) Rules 2002
framed under the Securitization and Reconstruction of Financial Assets and
Enforcement of Security Interest Act 2002, 30 days notice of intended sale is
required to be given and hence we are issuing this notice.
The amount due as on 30.11.2014 is Rs. 22,49,584/- ( Rs. Twenty two lakhs Forty Nine
thousand Five hundred and eighty four only) with further interest, cost, other charges
and expenses thereon.
Please take note that this is notice of 30 days and the schedule mentioned property
shall be sold under the Act by undersigned any time after 30 days.
The date of sale is fixed as 27.01.2015 at 10.30 am which would
be by ‘e-auction mode’.
If the e-auction fails owing to any technical snag etc., the same may be rescheduled by issuing 7 days prior notice.
The Inspection of the schedule mentioned property and related documents and up
to date EC may be had by the intending purchasers / bidders at his expenses on
21.01.2015 between 11.00 AM to 5.00 PM
3
The Reserve price and Earnest Money Deposit (EMD) for the sale of the secured
assets is fixed as mentioned in the schedule.
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 22.12.2014 to 23.01.2015 from 10.00
am to 5.00 PM
The last date for submitting tenders/bids complying with all necessary terms along
with EMD in the stipulated manner is 24.01.2015 by 2.00 pm.
The
tenders
should
be
accompanied
with
EMD
taken
in
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 Nodal Bank A/c No.
IFSC Code.
1
Indian Bank,CHITTOOR Branch.
IDIB000C026.
C/A.No. 6173500682.
The sale shall be conferred on the person making highest offer /tender / bid
subject to confirmation by Secured Creditor. The undersigned / Authorized 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.
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
statuary liabilities etc.
This Notice is issued without prejudice to any other remedy available to the
Secured Creditor.
Schedule of property to be sold
All that part and parcel of property of belongs to Smt.A.Chinnamma, W/o.A.Gopala Naidu
The site (Urban vacant lands) & RCC roofed residential building at D.No.21-155, S.No.464/2,
465/2, 467/1, 463, 460, 464/3, 465/3 & 465/4, 465/1 of Thimmasamudram R.Vill. Opposite
road of SITAMS college, Tirupathi to Bangalore bypass road, Chittoor Town & District,
Andhrapradesh
4
Boundaries
West :
East :
South :
North :
for the scheduled site & building measuring Ac.2.68 cents&93.11 Sq.m(plintharea)
Land of Mohan Naidu
Road & House of Mohan Naidu & Land of Banu Naidu
Land of Munirajulu Naidu
Land of Munaswamy Naidu
The Specific details of the assets which are intended to be brought to sale are
enumerated as above from the property belongs to Smt.A.Chinnamma.
Reserve Price: Rs. 98,50,000/- (Rs.Ninty eight lakhs fifty thousand only)
Earnest Money Deposit (EMD) Payable:Rs 9,85,000 (Rs. Nine lakhs eighty five
thousand only)
Bidders are advised to visit the website (www.matexauctions.com) of our e auction service
provider M/s.Matex Net Pvt Ltd., 4&5, First Cross KR Colony, Domlur Layout, Bangalore560071, for auction bid form and detailed terms and conditions which are annexed to the bid
form
.
1
E mail address
[email protected]
[email protected]
2
Phone No
08042440600 to 620
3
Name of the contact persons
Mr.OMPRAKASH – 08884614141
4
5
Website
Date, Time and place of sale.
www.matexauctions.com
INDIAN BANK,
Zonal Office, Seshapeeran Street,
CHITTOOR 517 001 AP
27.01.2015 at 10.30 A.M.
Place: Chittoor
Date: 18.12.2014
Authorized Officer of Indian Bank,
Zonal Office, Chittoor.

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