Bank of Barod Coimbatore Main Branch 82 Bank Road Opp. Railway Station Coimbatore ,

Transcription

1 Tender - Cum Auction Sale Whereas M/s, Rayar Spinners Private Limited Sundakkampalayam Village Nambiyampalayam Post Avanashi Represnted by its Managing Director Mr. P. Balasubramaniam, S/o Palaniappan, 12/264, /Nehru Street, VOC Colony Avinashi, and its guarantors Mr. P. Balasubramaniam, S/o Palaniappan, 12/264, /Nehru Street, VOC Colony Avinashi, Mrs.B.Kamalam, W/o.Mr. P. Balasubramaniam, 12/264, /Nehru Street, VOC Colony Avinashi, Mr. B. Navukkarasu S/o. Mr. P. Balasubramaniam 12/264, /Nehru Street, VOC Colony Avinashi and Mr. K.Kandasamy Rayar Textile (P) Ltd Pudupalayam Avinashi failed to repay the debt in respect of borrowing from Bank of Baroda, Coimbatore Main branch, Coimbatore. The total liability as per contract is Rs.9, 42, 11,584.98plus interest thereon from Whereas the Bank has issued notice under Section 13(2) of SARFAESI ACT, 2002 and in pursuant to and in exercise of powers conferred under Section 13(4) of the Act, the Authorized Officer has taken possession of the mortgaged properties more fully described below and the bank has decided to sell the properties and movable machinery under relevant provisions of SARFAESI Act read with the relevant rules of the security interest (Enforcement) Rules Interested bidders may submit their bids in separate sealed covers upto 2 PM on Place of Auction: Bank of Baroda, 82, Bank Road, Opp Railway Station, Coimbatore Date & Time of Auction: (Monday) 4.00 PM Reserve Price: Item I Property Item II Machinery spares etc Item III Property Item IV Property Rs lakhs Rs lakhs Rs lakhs Rs lakhs

2 I A) In Coimbatore Registation District, Avinashi sub Registration District, Avinashi Taluk, Nambiyamapalayam Village, in SF No. 200/1A, an extent of 5.95 acres, Bounded by North of East West Cart track in SF No. 200/1B1, South of East West Cart track in SF. No 200/2, East of the lands in SF No 172,186, West of North-South cart track in SF No. 200/1B1 In this measuring an extent of 5.95 acres, with all rights of way and other appurtenances attached therewith. B) In Coimbatore Registration District, Avinashi Sub registration District, Avinashi Taluk, Namiyampalayam Village, in S.F. No200/1B2, an extent of 4.08 acres, bounded by North of the lands in SF No 199, South of East-West thadam in SF No. 200/2, East of North-South thadam in SF No. 200/1B1, West of North-South Cart track in SF No 200/2. In this measuring an extent of 4.08 acres, And in SF No. 200/1B1 an extent of 42 cents bounded by Lot 1: North of the lands in SF No. 199, South of the land in SF No. 200/1A, East of the land in SF No. 186, West of the North-South cart track mentioned below, and Lot 2: North of the land in SF No. 199, South of the East-West thadam in SF No. 200/2, East of the land in SF No 200/1A, West of the lands in SF No. 200/1B2. Lot 1 and Lot 2 measuring an extent of 42 Cents, totally measuring an extent of 4.50 acres, with all rights of way and other appurtenances attached therewith, buildings thereon comprising of 2200 Sq ft of shed, and hostel with 20 rooms, toilet, bathroom etc DESCRIPTION OF THE MACHINERY & SPARES II Simplex LR Long Frame - 5 No (each 1200 spindle LR-6/s) Blow Room Machinery Cone Winding Savio Auto Corner-1 No Diesel Generator (Model GW 380) Carding Machine L C 300 card-4 No Along with other machineries, accessories and spares.

3 III In Coimbatore Registation District, Avinashi sub Registration District, Avinashi Taluk, Avinashi Village, in SF No.183, an extent of 4.78 acres, in this an extent of 2.86 Acres, in SF No. 183/A bounded by South of the lands in SF No. 172/2 West of the north-south thadam and the land measuring an extent of 1.92 acres sold by the vendor North of the East West Road in SF No. 184/1 East of the lands in SF No. 182 In this measuring an extent of 2.86 acres, in this an extent of acres, with all rights of way and other appurtenances attached therewith. IV In Coimbatore registration District, Avinashi Sub RegistrationDistrict, Avinashi Taluk, Pudupalayam village, in SF NO. 7 an extent of 2.83 acres, in this Southern Side South of the lands in SF No. 7 belonged to Leela Hosiery North of the land belonged to Natarajan and others West of the lands in SF No.9 East of the Thekkalur Village boundary In this measuring an extent of 84 cents, in this measuring an extent of 42 cents with all rights of ways and other appurtenances attached therewith.

4 Terms and Conditions of Sale 1. The tender form can be collected from Bank of Baroda,, 82, Bank Road, Coimbatore during office hours on all working days 2. The intending bidder s of the property should submit their separate bids in the prescribed tender form in a closed cover along with EMD of 10% of the respective reserve price by means of DD Bankers Cheque/pay Order drawn in favor Bank of Baroda, Coimbatore Main Branch, Coimbatore payable at Coimbatore. Tenders form not in the prescribed format will not be accepted 3. The last date and time for submitting the tenders at Bank of Baroda, Coimbatore Main Branch, is on before 2PM 4. The EMD amount is refundable without interest if the bidder is not successful 5. Offer without EMD and below the reserve price will be rejected 6. The EMD amount shall be liable for forfeiture without any prior notice, if the successful bidder fails to adhere to the terms of sale 7. The sealed tenders will be opened by the Authorized Officer in the presence of available /attending tenderers on at 4 PM at the branch premises 8. After opening the tenders, the intending bidders may be given opportunity at the discretion of the authorized officer to have, interse bidding amongst themselves to enhance the offer price 9. The successful bidder shall deposit 25% of the bid amount (inclusive of EMD) immediately after auction on the same day of sale in cash or DD as above and the balance bid amount within 15 days from the date of confirmation of sale. In case of default, all amounts deposited till then shall be forfeited and the property shall be resold without giving notice 10. The successful bidders will bear the statutory dues/taxes/charges/property Tax/EB Charges/fees payable for conveyance such as Stamp Duty, registration fees etc as applicable as per law and Income Tax Laws. 11. The Authorized Officer has absolute right to accept or reject tender or bid any or all the offers and adjourn/postpone/cancel the auction without assigning any reason thereof and also to modify any terms and conditions of this sale without any prior notice. 12. the sale is subject to confirmation of the Bank 13. The property can be inspected by the intending bidder on at his/her expenses between 11 PM and 5 PM at at the address mentioned in the schedule. 14. The property will be sold in AS IS WHERE CONDITION IS and AS IS WHAT CONDITION IS. The intending bidder should satisfy himself about the condition/ status etc of the property.if authorized officer feels, machinery can be sold in parts also.

5 15. In case the auction could not be happened on revised date of auction will be displayed in the Branch s Notice Board, and no fresh publication shall be made in newspapers For further details the intending bidders may contact the Asst. General Manager, Bank of Baroda,, 82, Bank Road, Coimbatore personally or over telephone No: Date: Place: Coimbatore Asst. General Manager & Authorized Officer Bank of Baroda