DRC No.251/2018

DEBTS RECOVERY TRIBUNAL-II4th Floor, Oewa Towers, nO-A. Anna Salai, Chennai 600 002

Dated: 16.10.2019

E-AUCTION SALEPROCLAMATION OF SALE

(Under Rule 52(2) of Second Schedule to the Income Tax Act, 1961Read with Sec. 25 and 29 of Recovery of Debts and Bankruptcy Act, 1993)

The undermentioned properties will be sold on "as is and where is/on what it is/no complaint"basis by online e-auction through website www.bankeauctions.com for recovery of a sum of~25,38,00,452.97p. (Rupees Twenty five crore thirty eight lakh four hundred fifty two andpaise ninety seven only) plus fUliher interest and costs payable as per law, less the amountalready recovered, if any, ii-om M/s Giriguja Publications Pvt. Ltd and 3 others to Union Bankof India, Chamiers Road Branch, No.67, Chemiers Road,Chennai - 600 018, as per DRCNo.251/20IS dated 05.06.2018 issued in O.A.No.640/2015 by the Hon'ble Presiding Officer ofthis Tribunal and Demand Notice in DRC NO.25 I/201 8 dated 04.07.2018 subsequently issuedby the undersigned for the recovery of the said sum. As on 31.08.2019, a sum of~28,SO,00,293.14p (as per affidavit dated 05.09.2019 filed by the Certificate Holder) would bethe dues including costs and interests.

No.oflot

(1)

I.

Description of the property to be soldwith the names of the co-owners wherethe property belongs to CertificateDebtors and any other person as co-owners

(2)

I-A. (Total extent of land as per SaleDeed No.42412005)

All that piece and parcel of theimmovable property, being vacant land,measuring an extent of 2 grounds and1679 sq.ft. situated in Plot NO.S-53 ofthe lay-out of house building sites called"SOUTH MADRASNEIGHBOURHOOD SCHEME" andcomprised in T.S.NoA, Block NO.22 (aser Patta C.A NO.503/1996-97 dated

Revenueassessedupon thepropertyor anypartthereof

(3)

Details ofany otherencumbranceto whichproperty isliable.

(4)

Claims, if any,which have been putforward to theproperty and anyother knownparticulars bearingon its nature andvalue

(5)These properties arecommon securitiesfor this RecoveryCertificate (ORCNo.251/18) andanother RecoveryCertificate in ORCNO.240/l8 of thisHon 'ble Tribunaldated 29.05.2018 forrecovery ofRs.2,90,52,648.85P

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11.09.1996) of Drur Village, My1aporeTrip1icane Ta1uk, within the Sub-Registration District of Adyar and in theRegistration District of Chennai South,Presently situated at New NO.56 (OldNo.21), 1st Avenue, Shastri Nagar,Adyar, Chennai 600 020, measuring

North to South on the Eastern side:108.0 feetNorth to South on the Westernside: I 08.6 feetEast to West on the Northern side60.0 feetEast to West on the Southern side60.0 feetand bounded on theNorth by: Private LandSouth by: 1st Avenue Shastri Nagar,East by: Plot NO.S-52 belongingto RVMK PrasadWest by: Plot NO.S-54 belongingto Vijaya LaxmiI-B. (Undivided shar'e of land nowbrought for sale)3596 sq.ft of undivided share, title andinterest in the Schedule A( viz., Item I-Aherein) mentioned property.

2-A. (Total extent of land as per SaleDeed No.42SI200S)

All that piece and parcel of theimmovable property, being vacant land,measuring an extent of 2 grounds and1679 sq.ft. situated in Plot NO.S-53 ofthe lay-out of house building sites called"SOUTH MADRASNEIGHBOURHOOD SCHEME" andcomprised in T.S.NoA, Block NO.22 (asper Patta C.A NO.503/1996-97 dated11.09.1996) of Urur Village, MylaporeTriplicane Talllk, within the SlIb-Registration District of Adyar and in theRegistration District of Chennai South,presently situated at New NO.56 (OldNo.21, 1st Avenue Shastri Na ar

Possession of theProperty is with theRecovery Officer,Debts RecoveryTrubunal-2, Chennai

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Adyar, Chennai 600 020. MeasuringNorth to South on the Eastern side: 108.0 feetNorth to South on the Westernside: 108.6 feetEast to West on the N0l1hern side60.0 feetEast to West on the Southern side60.0 feetand bounded on theNorth by: Private LandSouth by: 151 Avenue Shastri Nagar,East by Plot NO.S-52 belongingto RVMK PrasadWest by: Plot NO.S-54 belongingto Vijaya Laxmi2-B. (Undivided share of land nowbrought for sale)2883 sq.ft of undivided share, title andinterest in the Schedule A (viz., Item 2-A herein) mentioned property.

AND

A building with all amenitiesconsisting of stilt plus 4 floors,constructed on the land described above,with the plinth area s noted below:-

SI. Par-ticular PlinthNo. of Item Area1. Stilt floor 450 sq.ft2. Ground 1890 sq.ft

noor3. First floor 2340 sq.ft4. Second 2340 sq.ft

floor5. 3ru noor 2340 sq.ft6. 4111 floor 2340 sq.ft

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Date and time of e-auction

Upset Price

Earnest Money Deposit

Last date for submission ofbid form with EMD

Bid Multiplier:

Inspection of Property

25.11.2019 (Monday) between 1100 hrs and 1200 hrswith auto time extension of 3 minutes each, till saleis concluded.

~15,50,00,000/- (Fifteen crore fifty lakh only)

10% of the upset price ~1,55,00,000/-

on or before 20.11.2019 (Wednesdav) throughEFT/NEFT/RTGS Transfer in favour of "The RecoveryOfficer, DRT-II, Chennai" to the credit of Current Alc.No.163302000001100, Indian Overseas Bank, SpencerPlaza Branch, Chennai - 600 002. Branch Code: 1633;IFSC Code: IOBA0001633

~15,00,OOO/-

14.11.2019 (Thursday) 11.00 a.m. to 3.00 p.m.

UNDER ANY CIRCUMSTANCES BIDS IN PHYSICAL FORM WILL NOT BEACCEPTED BY THE TRIBUNAL & NO ENQUIRIES WILL BE ENTERTAINED.Tile otller tietails about tile above auction anti tile e-auctio/1 bitiform anti flec!aration form anti detailed termsand contiitions are available in tile website;

www.bankcauctions.colll

Property details, if allY, shall be obtailled from The Chief Mall agel', Ullioll Balik of llldia, ClllImiers RoadBrallch, C!JeIl1lai.(95117011551044-23460718117) ami for assistallce regardillg 'e' auctioll Procedure amiuploadillg of bid form alld other required documellts, Mr. K.N. Srillath, Cl llldia Pvt. LtfL, Udyag Vigar,PlllIse-2, Gulf Petrochemical Buildillg, Buildillg No.301,Gurgaoll, Harayalla- 122015 may be cOlltacted(COiltact No. 0124-43020001430201014302020, 9840446485 e-mail tll@c1imlia.com )

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~~'S REC~~ (V.SUBRAMANIAN)~ . :1'-'\ RECOVERY OFFICER

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