olc-

Karnataka Bank Ltd. I@

Farmfu ganl. Across lndia
Phone 044-23463509 (Gen)
Asset Recovery Management Branch. E-Mail chennai. arm@Kkbank com
NO.324, GROUND FLOOR,
Website : www.karnatakabank.com
THAMBU CHETTY STREET, CHENNAI6OOOOl
clN 18511oKA 924P1C0011 28
1

SALE NOT ICE OF IMM OVABLE P ROPERTY

E.AuctionsaleNoticeforsaleoflmmovableAssetsundertheSecuritisationand
read with
lnterest Acl2oo2
Reconstruction of Financial Assets and Enforcement of Security
proviso to rule 8(5) of Security lnterest (Enforcement) Rules' 2002'

Notice is here by given to public in general and in particular to Borrower (s) and Guarantor (s) that
"property morigaged/charged to the secured Creditot the
the below described immoraUfe
Constructive-PossessionofwhichhasbeentakenbytheAuthorisedofficerofKarnatakaBankLtd,
theSecuredCreditoron15.03.2024,willbeSoldon..AsisWhereis,.,..AsisWhatis,,and
Three
,,whatever there is,, basis on 1g.o7.2024 tor recovery of Rs.23,74,088.59 [Rupees Twenty
LakhSeventyFourThousandEightyEightandPaiseFiftyNineonly]ason04.06.2024under
TLA/cNo.2o3Toot60003550larongwithfurtherinterestfroml5.o5.2o24pluscostsdueto
the following Borrowers/
the Karnataka Bank Ltd., Erode-Tlachers colony Branch, from
Guarantors/M ortgagor:

(1) Mrs. Brindha S W/o Mr. Sundhararajan R K

(2) M r.Sundhararajan R K S/o Mr.R P Krishnasamy,
Both (1) & (2 ) are add ressed at :
- 638001
No.45/1, M adhavi Street, Teachers Colony, Erode' Tamilnadu
Also addre eda
Elamathur Vil lage, Erode, Tamilnadu '
No.7141 , 714!2, Pandipalayam road, Kuttakattu Valasu'
638104
property may not be sold are as follows:
Reserve Price/Upset Price below which the

Reserve Price Earnest Money Date & Time

Oescription of ProPertY Oeposit of Auction

Rs.81,90,000.00 Rs.8,19,000.00 19.07.2024

Residential Land & Buildinq :

All that Piece and oarcel of land measuring

0.74 acre (0.62 A 61s + 0.1 2 Acre) at RS
No.71411 & 71412, Old SF No.205/A, 2O5lC'
Kuttakattu valasu, Elumathur Village and
Panchayath, Erode and the residential build-
ing constructed thereon belonging to

tt;
t\-z.o) I
v
 from
Mr.Sundararajan R K..
Boundaries of Property (0'62 Acre) : 11.30 AM
North of : ChinnaPPa Goundar land; to
South of : Chennaimalai Gounder and R K 12.00 Noon
Rajendran property;
Eastof:R K Rajendran propeny;
West of : East-West 15 feet pathway and
portion of released Property.
Boundaries of Property (0.12 Acre) :

North of : Portion of released property;

South of : Chennimalai Gounder and
R K Rajendran property;
East of : Remaining land mortgaged with
Sundharara.ian R K;
West of : North South common road
Latitude : North-11.20350
Longitude : East- 77.7252o

(8) of Security lnterest

This Notice shall also serve as Notice under sub Rule (6) of Rule
Enforcement Rules-2002 to the Borrower/Guarantors)

Fordetailedtermsandconditionsofsale,pleaserefertolinkinKamatakaBank,swebsite
A33ets for Sale"'
ie.,www.kamatakabank.Gom undcr thc hcad "Mortgagcd

in/ on 19'07'2024 from 1'l'30

The E-auction will be conducted through portal https://bankauctions
The intending bidder/s can get the user
AM to 12.00 Noon with unlimited extension of 05 minutes.
ld,passwordfteeofcostbyregistenngtheirnameathttps://bankauctionsin/andgeton/lne
Ctosure, Mr.Dinesh.M,, Mobile:
tnining on E_auction (tentaiveti on 18.07.2024) from M/s 4
8142000735,E-mail:dinesh@bankauctions'in&Mr-Prakash'MobNo'814200O064'E-mail:
Ameerpet' Hyderabad-500038'
prakash@bankauGtions.in, ttlo.iOs-A,6s Floor, Mythrivanam'

MS N DCO NDITIONS OF SALE:

EMD of 10o/o
l) For participating in E-auction, intending bidrlers have to fql$q"
deposit a
RTGS/NEFT/ Fund Transfer to
(EMD mentioned in oescrrption; of Reslrve.Price b.y wav of
the account numOer ZOriSOtiOOOOeiOf.f.-atalia Bink
Ltd. Erode-Teachers Colonv
favouring "Kamataka Bank
Branch, IFSC Gode xnhfitio-ooios or by DD/pay order
Ltd., A/c - Mrs.Brindha S", payable at Erode'

2)AfteronlineRegistration,theintendingbiddersho.uldsubmitthedulyfilledinbidform DD or
(format available in the *"U'tit" https://bankauclione'W') along.-with
"Uo,"
lir"ii.g th" Ufn numO.r oif'ffftnfOs rem-ittance towards EMD in a sealed Gover as
,,Tender for purchase oipro-p"*v' p"rtaining to A/c Mrs.Brindha s" duly mentioning
Tne Autnoflsed ofilcer'
the amount ottereo tor'p-ul"nitE tn"rr b-e Submined to
KarnatakaBankLtd,AssetRecoveryManagementBranch,No.324,GroundFloor'

J
 ThambuChettyStreet,Chennai.60000lbefore4.00PMonlS.0T'2024.Thebidform
proof ofthe biddec as
shall be accompanied *iir.| ,tt""t"o copy of The photo identity
mrv o. to th;B;k, atong with attesied copy of the PAN Card'
"c".ptdble
passed PI the Board of-Directors
3) ln case the bidder is a company, a copy of the resolution
of the company should
authorising the actual oioit'li"'battitiil"t" in tn" auction on behalf
be submitted.

4)Thebidwillbeopentothemandanopportunitywillbegiventoenhancethebid.amountin
themultiplesotRs'2o,ooo.oo.lnterse'biddingamongthequalifiedb]ddersshallstertfrom
process of lnterse biddins' there
the highest bid quoted bv i;; q;;h;J niJaoJ' During tne
will be unlimiteo extension ii-;os minrt"." i.e tne end time of E-auction shall be
automatically extended ov-oi iiinrt"r ti." if bid is made within 05 minutes from the
last extension.
"""n

"' t rog ot in" highest bidder or re,ect the same without assigning any reason.
5)Th€Authorieedoff.t.FfiBattib€rtytoacc€ptthe.highestbidamountandconfirmthegelein

expenses like stamp duty'

6) The successful bidder/tenderer shall bear all the legal/incidental
water and electricity dues, etc.
registration fees, locat d;., ;"J;;i other statutory dues,

7)Bidsoncemadeshallnotbecancelledorwithdrawn.AllbidsmadefromtheuserlDgivento
alone Any amount paid by the
the bidder will Oe oeemeJio o" n"'" been made.by him nis to oe
bidder with respecl to t#J.t,;;iil;r,is]ie oilo,.-Err/|ol flaid from the bidder's
account only.

8)WithdrawalofbidshallnotbeallowedaftercomDletionoftimeforsubmissionof
participation in the scheduled auc-tion shall
bids. Non login in ."""'oi
not be consider"O *iinara*if Jf UiA and bink shall forfeit the amount paid by
"-"rAion/Non
bidders. ".
9)lmmediatelyuponclosureofE.auctionproceedings,thehighestbiddershallconfirmthe Officer of
finat amount of the bid q;; ;;;;h"r'Oy r"rn demait botn to the Authorized
and the service
the Kamataka eank i.eil';Jnriai'"i'ertiu"nx'com/8g@Kkbank'c91 in the auction
provider info@banfauction..i"'i"r S;ttirg declared as iccessful
bidder
sale Proceeding.
(including the-lMD amount)
l0) The successful bidder shall deposit 25% of the.bid amount
down in hi6/her favour. on failure of the bidd* to
immediately on tne the Bank
pay 2ro/oof bid amouni *]ffi in" date of Auction {or) the next working day,b, idder'
".rI'u.irig-["".x"a
p"ia ln"rruing EMD'amount paid by the The
shalt forfeit ,n" 'ilij""*olf,i inarf be fiaid within 15 davs from the date of
batance 7ro/o ot"rornt'rii""oi'
*'" tothe account number
confirmation of,rr"-'ii"Ei6-srr.trrrrrno' _ transfer
Erode-Teachers colony Branch,.IFSC code
:

2O335OO2OOO041 ot, xarnaltlara aanx r_to,

ora-er tavoring- "Karnataka ..P."nk . L]-1''
A/c-
KARBoooo203 oR ;;'-;;;P'v returned
,,ME.Brindha s,, eayal',te ,t grod". EMD of unsuccessful bidders will be

lt)SalecertificatewillbeissuedbytheAuthorizedofficerinfavouroftheSuccessfulbidder
and Furnishing the necessary proof in
only upon deposit ot entiiJ pri"nl"" pri""lbid amount
thsrespect of payment of all taxes/charges'

@
,
 12) lf the strccessful bider/tender€r fails to remit the bqlanoe of 789lo of the bid amount within
15 days from the date of confirmation of sale or any other date as specified by the
Authorised Officer, the amount deposited by him/her shall be forfeited and the Bank will be
at liberty to sell the property once again and the defaulting purchaser shall forfeit all claims
to the property.

13) The Authorised Officer is holding the Constructive possession of the property. The
successful bidder will be handed over the property on "As is where is". is what is" and
"Whatever there is" basis.

14) The Authorised Officer reserves his right to vary any of the terms and conditions of this
notice of sale without prior notice at his discretion.

l5) lf the sale price is more than Rs.50,00,000.00 (Rupees Fifty Lakh Only) then the auction
purchaser/successful bidder has to deduct 1.00o/o of the Sale Price as TDS in the name of
owncr of thc property & remit to lncome Tax Department as per Section 194 lA of lncome
Tax Act and only 99.00% of the Sale Price has to be remitted to the Bank.The Sale
Certificate will be issued only on receipt of Form 26QB & Challan for having remitted the
TDS.

l6) For inspection of the property and verification of the copies of the documents/title deeds
available with the secured creditor or any further details, the intending bidders or tenderer
may contact the ARMB, Chennai, Landline No. 04+23463509 & the Branch Head,
Karnataka Bank Ltd, Erode-Teachers Colony Branch, No.l8, Palaniappa Complex,
Ground Floor, Dr.Radhakrishna Road, Teachers Colony, Erode-638011 Tamilnadu
(Phonefi424-2271027, Mobilei 9442218O07(8My9442518007 (ABM)) during office
hours on any working day.

l7) The bidders may participate in E-auction for bidding from their place of choice. lnternet
connectivity shall have to be ensured by the bidder himself. Bank/service provider shall not
be held responsible for intemet connectivity, network problems, system craoh down, porvcr
failure etc.

18) All bidders who submitted the bids, shall be deemed to have read and understood the
terms and condition of E-auction sale and be bound by them.

l9) ln case Holiday is declared as on date of auction by statutory authorities, the auction will be
postponed to the next working day respectively, at the specified time.

FoT KARNATAKA BANK LTD.

Place: Chennai
dy
Chicf Mr': ee"r-,\' furfiorizcd OIIicer.
AR[t BRANCH - CHENNAI.
Date : 06.06.2024 CHIEF MANAGER & AUTHORISED OFFICER