FORM NO.22[See Regulation 37(1)] REGD. A/DIDASTIAFFIXATION\BEAT OF DRUM E-AUCTION SALE PROCLAMATIONNOTICE 0 - NAB— O2 ° Vie GOVERNMENT OF INDIA MINISTRY OF FINANCE DEBTS RECOVERY TRIBUNAL OFFICE OF THE RECOVERY OFFICER 20-4.2) 2" 3° Floor, Jawans Bhawan, T.B.Road, - Coimbatore - 641018. Tel. No. 0422 - 2309008, 2305030 In the Matter of Recovery proceedings ( R.P ) No. 1441/2020 in DRC No. 641/2019 in OA No. 97/2014 ( PROCLAMATION OF SALE UNDER RULE 38 AND 52(2) OF THE SECOND SCHEDULE TO THE INCOME TAX ACT 1961 riw THE RECOVERY OF DEBTS AND BANKRUPTCY ACT 1993) Erstwhile Corporation Bank, Tirupur Main Branch, now amalgamated with Union Bank of India = VERSUS - Mis. Neethu Garments & 03 others To 1. Mls. Neethu Garments, A Partnership Firm, Represented by its Partner, Mr. A. Suresh Kumar, Door No.13/5A, Karupparayan Koil Street Kumaranandapuram, Tirupur ~ 641 603. 2. Mr. A. Suresh kumar, Partner, Mis. Neethu Garments, Door No.13/5A, Karupparayan Koil Street, Kumaranandapuram, Tirupur - 641 603. 3. Mr. A. Rangasamy Partner, Mis. Neethu Garments, Door No.13/5A, Karupparayan Koil Street, Kumaranandapuram, Tirupur — 641 603. 4, Mr. 8. Selvaraj S/o. Sebastian Residing at Door No.11/17-8, Kambar Street, asp‘Amount Twenty Eight Thousand Five Hundred and Nine only) with further interest @ 18% p.a. wef | 16.04.2014 and cost of Rs.80,000/- as per DRC No.641/2019 dated 09.09.2019 (1. | Debts Recovery Certificate Rs.77,28,509/- (Rupees Seventy Seven Lakhs | [2 [ Payable Amount as on Rs.1,77,29,368/- (Rupees One Crore Seventy Seven | | 31.05.2021 Lakhs Twenty Nine Thousand Three Hundred and | Sixty Eight Only) and further interest and costs as applicable Whereas you, the certificate debtors have failed to pay the amount due as per DRC 641/2019. And whereas the undersigned has ordered the sale of property mentioned in the ‘Schedule below in satisfaction of the said certificate on “AS IS WHERE IS BASIS”. Description of the property to be sold with the names of the ‘co-owners where the No. of | property belongs to defaulter(s) and any other persons as co-owners and Revenue “Lots _| assessed upon the property or any partthereof. _— DESCRIPTION OF PROPERTY. BELONGING TO CERTIFICATE DEBTOR 4 In Coimbatore Registration District, Singanaliur Sub Registration District, | Coimbatore South Taluk, Vellalore Village, in S.F.No.224, as per the Sale Deed | Ot. 05.07.2005 & Bearing Doc.No.3598/2005, Punja Acres 1.18 Kist Rs.2.00, within | “the following boundaries:- | East of the lands of Palanisamy: | South of the lands of Palanisamy: North of - the property sold to D. Ramachandran: and West of = 20 feet wide North-South road: ‘Amidst this, an extent of 19.378 Cents of Vacant land along with usual right of way, As per the new resurvey the property situates in S.F.No. 224/5 and within the limits of Vellalore Panchayath. | One | ‘As per Encumbrance Certificate dated 03.09.2020 for the period from 01.01.2005 to 31.08.2020 there are 3 entries. Subsequent Encumbrance certificate Encumbrance Certificate dated 19.04.2021 from 01.09.2020 to 18.04.2021 there is 1 entries. The schedule properties are available with the Nodal officer of the Bank mentioned below for | inspection Claims, if any, which have been put forward to the property, and any other known | particulars bearing on its nature and value: No Claim is pending before this recovery __| Office, otherwise other claims are not known. | Details of any other encumbrance to | Encumbrance certificate of the schedule which property is liable properties are available with the Nodal officer of \ |__ the Bank for inspection. RESERVE PRICE (below which the | Rs.88,00,000/- (Rupees Eighty Eight Lakhs only) property shall not be sold): EMD | Rs 8,60,000/- (Rupees Eight Lakhs Eighty | Thousand only) GBid increment (in multiples) of Rs 2,00,000/- (Rupees Two Lakhs only) E Auction Particulars Date and time of e-auction 16.06.2021 1. | From 1130 Hours to 1230 Hours with auto | extension of five minutes till conclusion of the sale. Last date of submission of online bid in the prescribed proforma along with | On 14.06.2021 or before 2. | documentary evidence in support of | identity and address. | Last date of submission of hard copy | of bid form along with the enclosures (On 15.06.2021 or before 16.00 Hours on | 3. | submitted online, to the Recovery Officer, DRT, Coimbatore. Date and time for ins 1 of 04.06.2021 with prior information to the Nodal 4. | property by the interested bidders __ Officer of the Bank car | Name of website for uploading auction | Name of website for uploading auction bid form and | bid form and detailed terms and | detailed terms and conditions:- | conditions | https://drt.auctiontiger.net. Address: M/s. E- Procurement Technologies Ltd., A-801, Wall Street 5 ii, Opp. Orient Club, nearby Gujarat College, Elis Bridge, Ahmedabad-380006, Tel No. 079- 40230847. For further details contact: Praveen /Kumar Thevar Mobile No. 9722778828, email i | tamilnadu@AuctionTigernet | Contact name and telephone number | Sh.D.Muruganadam, Assitant General Manager, | of Nodal officers of the bank for further Union Bank of India, Tirupur_ Branch 6. | queries regarding e-auction / property | Mob.8300175244 Tele, 0421-2245280, being sold:- Sh.J.Selvapaul Robinson Law Officer. Union Bank : Z | of India, Tirupur, Regional Office. Mob.9791426246 Name of Bank and Account Number | State Bank of India, Race Course Road Branch, in which the EMD should be Coimbatore Alc No 31527599107 in favour of 7. | remitted through RTGS/NEFT Recovery Officer, DRT (IFSC Code SBIN0007940) | and the remittance details should be clearly noted in _| the bid form The Sale will be governed by the Second Schedule of Income Tax Act, 1961 read with section 25 to 29 of Recovery of Debts And Bankruptcy Act 1993 and ITCP Rules, 1962. The interested parties are advised to visit e-auction _portal/website at website: https://drt.auctiontiger.net for further details and other terms and conditions. TERMS AND CONDITIONS Notice is hereby given that in absence of any order of postponement, the said property shall be sold on ‘the above mentioned date by e-auction and bidding shall take place through “On line Electronic Bidding” on the https: //drt.auctiontiger.net. Address:- M/s. E-Procurement Technologies Ltd., A-801, Wall Street II, Opp. Orient Club, nearby Gujarat College, Ellis Bridge, Ahmedabad-380006, Tel No. 079: 40230847. For further details contact: Praveen Kumar Thevar Mobile No. 09722778828 email praveenthevar@AuctionTiger.net or tamilnadu@auctiontiaer.net. Passwords will be allotted only to those bidders, who fulfil all the terms and conditions of e-auction and have deposited the requisite EMD and intending bidders must hold a valid digital signature |, the arrears mentioned in the said certificate,interest costs (including cost of the sale) are tendered to the officer conducting the sale or proof is given to his satisfaction that the amount of such certificate, interest and costs have been paid to the undersigned. No officer or other person, having any duty to perform in connection with sale, however, either directly or indirectly bid for, acquires or attempts to acquire any interest in the property sold. The sale shall be subject to the conditions prescribed in Second Schedule of the Income Tax Act, 1961 and the rules made there under and to the further following conditions. The particulars specified herein have been stated to the best of the information of the undersigned, but the undersigned shall not be answerable for any error, mis-statement or omission in this proclamation. 1. The highest bidder shall be declared to be the purchaser of the lot provided that further that the ‘amount bid by him is not less than the reserve price. It shall be in the discretion of the undersigned to decline/acceptance of the highest bid when the price offered appears so clearly inadequate as to make it inadvisable to do so. 2. EMD shall be deposited by Online through RTGS/NEFT/directly in to the account mentioned SI. No. 7 above and details of the property i.e lot number etc. along with copy of PAN card, Address proof and identity proof, E-mail ID, Mobile No. and in case of the company or any other document confirming representation/ attorney of the company and the receipt/counterfoil of such deposit. Hard copy evidencing the registration in online bid in relevant auction ID. should be submitted along with aforesaid documents to the undersigned for scrutiny within above stipulated time, failing which such person shall not be considered for participation in the e-auction. EMD deposited after the date mentioned shall not be considered for participation in the e-auction. 3, The person declared to be the purchaser shall pay, immediately after such declaration, a deposit of 25% on the purchase amount of the sale after adjustment of EMD to the account mentioned above 5.No.7 by way of online payment through RTGS/NEFT on the same day. 4. The purchaser shall deposit the balance 75% of the sale proceeds on or before 15th day from the date of sale of the property, exclusive of such day, or if the 15th day be Sunday or other Holiday, then on the first office day after the 15th day by prescribed mode to the account mentioned above S.No.7. In addition to the above the purchaser shall also deposit Poundage fee with Recovery Officer, DRT Coimbatore @2% upto Rs.1,000/- and @1% of the excess of the said amount of Rs.1,000/- through DD in favour of “Registrar, DRT. Coimbatore”. 5, The sale shall be confirmed and made absolute after 30 days from the date of sale, provided all the terms and conditions of sale are complied with and the sale is not cancelled for any reason as per law. Sale certificate shall be issued to the successful bicider after the sale is confirmed. In case of default of payment within the prescribed period, the deposit, after defraying the expenses of the sale, may, if the undersigned thinks fit, shall be forfeited to the Government and the defaulting purchaser shall forfeit all claims to the property or to any part of the sum for which it may subsequently be sold. The property shall be resold, after the issue of fresh proclamation of sale, The undersigned reserves the right to accept or reject any or all bids if found unreasonable or postpone/cancel_ the auction at anytime without assigning any reason. Given under my hand and seal of the Tribunal on this 19" April 2021. fuck a eo (S. MUNEESWARAN) RECOVERY OFFICER-II