NANDIVARAM GUDUVANCHERY BRANCH

No.111, G.S.T Road,Opp to Bus

Stand,Guduvanchery – 603 202.
Kancheepuram Dt
Tele No : 044-27461289 FAX: 044-27461288 E-Mail : sbi.21789@sbi.co.in

e-AUCTION SALE NOTICE (SALE OF IMMOVABLE PROPERTIES)

SALE OF IMMOVABLE PROPERTIES MORTGAGED TO THE BANK UNDER THE

SECURITISATION AND RECONSTRUCTION OF FINANCE ASSETS AND
ENFORCEMENT OF SECURITY INTEREST ACT, 2002

WHEREAS Borrowers: Mrs.Sumathi.E & Mr.Ellappan.S,has borrowed monies from State

Bank of India against the mortgage and hypothecation of the immovable properties more
fully described in the schedule hereunder and the Bank has issued a demand notice under
Section 13(2) of the SARFAESI Act, 2002 on 08/12/2017 calling upon the Borrowers:
Mrs.Sumathi.E & Mr.Ellappan.S, No.31 Siva Avenue, Amudham Colony, Mahalakshmi
Nagar, Nandhivaram Guduvanchery 603202 Kancheepuram Dt., to pay the amount due to
the Bank, being Rs.44,68,450/-(Rupees Forty four lakhs sixty eight thousand four
hundred and fifty only) on 08/12/2017 together with further interest, costs and expenses
etc. within 60 days from the date of receipt of the said notice.

Whereas the borrowers & the Guarantor having failed to pay the amount due to the Bank as
called for in the said demand notice, the bank has taken possession of the secured assets
more fully described in the schedule hereunder belonging to Borrowers: Mrs.Sumathi.E &
Mr.Ellappan.S, on 20.02.2018 under section 13(4) of the Act.

Whereas the borrower and the Guarantor having failed to pay the dues in full, the secured
creditor, State Bank of India has decided to sell the under mentioned secured assets in “As
is where is” and “As is what is” condition under Section 13(4) of the Act read with Rules
6,7,8 & 9 of the Security Interest (Enforcement) Rules, 2002. The dues of the borrower as
on 11/05/2018 works out to Rs.46, 66 ,8 0 0 /- (R u pe e s F or ty S ix lakhs S ix ty S ix
Tho u s a nd an d E ig ht H u n dr e d on l y) together with further interest, costs and
charges thereon.
DESCRIPTION OF IMMOVABLE PROPERTY
PART II (Immovable Property)

Item No.1: All that piece and parcel of land and building bearing, flat No S-2 comprised in
S.No.10/2 measuring to an extent of 1215 Sq.ft with UDS of 253.75 Sq.ft,(approved by DTCP
No.678/88) situated in Dhanalakshmi Nagar, Plot No.25, Western part, Amudham Colony,
Nandhivaram Village, Chengelpet Taluk, Kancheepuram District covered by the title deed, Sale
Deed No.5457/2014 dt.07.06.2017, registered in the name of Mrs Sumathi.E & Mr.Ellappan.S
and bounded by
On the East : Remaining Part of Plot 25 On the West : 23 Feet Road
On the South: 40 Feet Wide Road On the North : Plot No.24
Item No.2: All that piece and parcel of land and building bearing, flat No S-1 comprised in
S.No.10/2 measuring to an extent of 1215 Sq.ft with UDS of 253.75 Sq.ft,(approved by DTCP
No.678/88) situated in Dhanalakshmi Nagar, Plot No.25, Western part, Amudham Colony,
Nandhivaram Village, Chengelpet Taluk, Kancheepuram District covered by the title deed, Sale
Deed No.5460/2017 dt.07.06.2017, registered in the name of Mrs Sumathi.E & Mr.Ellappan.S
and bounded by
On the East : Remaining Part of Plot 25 On the West : 23 Feet Road
On the South: 40 Feet Wide Road On the North : Plot No.24
The Property stands in the name of Mr.Ellappan.S and Mrs.Sumathi.E
 DETAILS OF e-AUCTION SALE
Date of e-Auction 15/06/2018 (Friday) 11.00Am to 01.00Pm
Schedule of Reserve Price Earnest Time of e- Bid Increment
Reserve Price, Property (Rs) Money Auction Amount (for all
Earnest Money Deposit Properties)
Deposit, Time of e- Item No.: 1 Rs.21,00,000/- Rs.2,10,000/- 11.00– 12.00 Rs.25,000/-
Auction Item No.: 2 Rs.20,00,000/- Rs.2,00,000/- 12.00– 01.00 Rs.25,000/-
With auto time extension of five minutes each till sale is completed
EMD Remittance Deposit through EFT / NEFT / RTGS / transfer in favour of “SBI NANDIVARAM
GUDUVANCHERY BRANCH, KANCHEEPURAM” to the credit of SBI A/c. No.
37608157813, Branch Code: 21789, IFSC Code No.SBIN0021789 or by way
of demand draft drawn in favour of State Bank of India, NANDIVARAM
GUDUVANCHERY 21789 Branch, KANCHEEPURAM drawn on any
Nationalized or Scheduled Bank.
Inspection of Date Time
Properties 16.05.2018 to 13.06.2018 11.00 a.m. To 4.00
Last date for
submission of KYC
Compliance 13.06.2018
documents at the
Branch of application
for bid with EMD

Terms and Conditions

1. The Properties will be sold by e-Auction through the Bank’s approved service
provider M/s.e-procurement Technologies Ltd (ETL) under the supervision of the
Authorised Officer of the Bank.e-Auction Tender Document containing Application (e-
Auction bid form), declaration, general terms and conditions of online auction sale
are avilable in ETL’s website http://sbi.auctiontiger.net intending bidders shall hold a
valid digital signature certificate and e-mail address. For details with regard to digital
signature, please contact M/s.e-Procurement Technologies Limited, Ahmedabad
(Contact No.079-40230830/816/817/818/819/820, Fax No.079-40016816/876) and
(Mr.Praveenkumar Thevar – Contact No.09722778828), E-mail id:
praveen.thevar@auctiontiger.net, rikin@auctiontiger.net & support@auctiontiger.net
Application (Bid Form) in the prescribed formats given in the Tender Document shall
be submitted to the Authorised Officer of the Bank along with the KYC particulars.
Bids submitted otherwise shall not be eligible for consideration.The EMD and other
payments shall be remitted through EFT / NEFT / RTGS to the bank account as
specified above.
2. Bid form without EMD & below the Reserve Price shall be rejected summarily.
3. After the submission of the bid forms, the bidders are not allowed to withdraw the
bid forms/EMD, before completion of the e-auction.
4. Online auction sale will start automatically on and at the time as mentioned above.
Auction / bidding time will initially be for a period of one hour with auto time
extension of five minutes each till the sale is concluded.
5. Auction / bidding will be only online through the portal provided by ETL.
6. Demo e-Auction process will be conducted by ETL for familiarization and allocation of
user name/password will be done by ETL to the eligibel prospective bidders for
access to the e-Auction at the specified date and time.
7. The property shall be sold to the highest bidder. The purchaser shall deposit 25% of
the sale price (less the EMD) immediately and the balance sale price within 15 days
from the dte of auction sale. (if the auction time extends beyond 4.00 P.M the
purchaser shall deposit 25% of the sale price (less the EMD) on the next working day
and the balance sale price within 15 days from the date of auction sale).
8. In default of payment of balance sale price referred to above within the time
stipulated unless otherwise extended, the sale will stand automatically revoked and
the deposit(s) shall be forfeited.
9. On confirmation of sale by the Bank and if terms of payment have been complied
with, the Authorised Officer will issue the Sale Certificate in the name of the
purchaser only.
10. The purchaser shall bear the charges/fee payable for conveyance such as registration
fee, stamp duty, etc.as applicable as per law.
 11. The properties are sold on ‘As is where is and as is what is’ condition. The purchasers
should satisfy themselves in this connection before participating in the e-Auction and
the bank does not give any guarantee or warranty (above classification / quality and
quantity of the assets). The purchasers should make their own enquireis regarding
any statutory liabilities, arrears of property tax, electricity dues, etc. of the company
and transfer of properties during the subsistence of mortgage by themselves before
participating in the auction.
12. The particulars about the properties specified in the tender document have been
stated to the best of the information of the Authorised Officer and the Authorised
Officer shall not be answerable for any error, mis-statement or omission in this
proclamation.
13. EMD of the unsuccessful bidders will be returned through EFT/NEFT/RTGS to the
bank account details provided by them in the bid form and intimated via their email
id.
14. The Authorised Officer has the absolute right to accept or reject the bid or postpone
or cancel the sale, as the case may be without assigning any reason thereof and also
to modify any terms and conditions of this sale without any prior notice.
15. This sale will attract the provisions of section 194-IA of the Income Tax Act.For
further details regarding submission of Application (Bid Form), inspection of
property / e-Auction, the intending bidders may The Branch Manager, State Bank
of India, NANDIVARAM GUDUVANCHERY BRANCH, No.111, G.S.T Road,Opp
to Bus Stand, Guduvanchery – 603 202.Kancheepuram Dt TELE/FAX: 044 –
27461289, 044 – 27461288 Mobile: 9445861101/9840331314 or the Bank’s
approved service provider M/s.e-Procurement Technologies Limited, Ahmedabad
(Contact No.079-40230830/816/817/818/819/820. Fax No.079-40016816/876) and
(Mr.Praveenkumar Thevar – Contact No.09722778828), E-mail id
praveen.thevar@auctiontiger.net, rikin@autciontiger.net & support@auctiontiger.net

Date: 11/05/2018 Authorized Officer

Place: NANDIVARAM GUDUVANCHERY State Bank of India