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