The Karur Vysya Bank Limited,

Divisional office,
No.1498-C, KVB Towers,
3rd Floor, Avinashi Road,
Peelamedu, Coimbatore – 641 004.
Ph.0422-2591120, 2591122, 2591123
Email – coimbatoredo@kvbmail.com
E-AUCTION NOTICE
E-AUCTION ON 25.11.2020
PUBLIC NOTICE FOR SALE OF IMMOVABLE PROPERTIES UNDER
SARFAESI ACT, 2002
In exercise of powers conferred under the Securitization and Reconstruction of
Financial Assets and Enforcement of Security Interest Act, 2002 and Security
Interest (Enforcement) Rules, 2002 and pursuant to the possession of secured
assets of the following borrowers taken by Authorised Officer for recovery of the
secured debts as mentioned below, due to The Karur Vysya Bank Ltd, of the
under mentioned branches from the following borrowers / guarantors.
Whereas the undersigned has decided to put up for E-auction of the immov-
able properties offers are invited by way of E-Tender for purchase of the fol-
lowing assets on “AS IS WHERE IS”, “AS IS WHAT IS”, AND “WHATEVER
THERE IS” basis.
EMD
S.N Location of Nature of Reserve Price Contact person /
Name of Borrower Lending Branch amount
o. property property (in Rs.) Ph.No. / Email
(in Rs.)
Oddarpalayam
Residential
Village, Sri Amman
Land & 29,72,000/- 2,97,200/- Mr.M.Senthil Kumar,
Nagar Phase II,
M/s.Sree Vetri Building Manager
1 Annur Annur
Vinayaga and Co 9751529040
Masakkoundanche
Vacant annur@kvbmail.com
ttipalayam Village, 11,76,000/- 1,17,600/-
Land
Annur
Mr.M.Saravanan,
Residential Manager
Kalapatti Village,
2 Mr.A.P.Paramasivam CBE-Kalapatti Land & 87,27,000/- 8,72,700/- 9655010793
Coimbatore
Building kalapatti@kvbmail.c
om
Telungupalayam Residential
Mr.G.Saravanan
Village, Vacant 35,87,000/- 3,58,700/-
Senior Manager,
M/s.Parvathy Coimbatore Land
3 CBE-R.S.Puram 9842284815
Pharmaceuticals Vilankurichi Residential
cberspuram@kvbmai
Village, Vacant 41,32,000/- 4,13,200/-
l.com
Coimbatore Land
Mr.S.Gokul Kanna,
CBE- Puliyampatti Land &
4 M/s.Sri Golden Tex 40,97,000/- 4,09,700/- Manager
Ramanathapuram Village, Palladam Building
9655006801
Residential Cbe-
Mrs.Aditya CBE- Pedampalli Village,
5 Land & 23,34,000/- 2,33,400/- ramanathapuram@k
Priyadarshini Ramanathapuram Coimbatore
Building vbmail.com
Mr.A.R.Rajesh,
Karudampalayam Residential Manager
Mrs.K.Chitra &
6 CBE-Thudiyalur Village, Land & 53,46,000/- 5,34,600/- 8489938525
Mr.M.Kalidass
Coimbatore Building thudiyalur@kvbmail.
com

Page 1 of 15
 Karumathampatti
Land & 18,41,500/
M/s.Aaruthra Village, 1,84,15,000/-
building -
Milk Coimbatore
7 Chinniampalayam
International P
Kodangipalayam Land & 23,28,700/
Ltd. 2,32,87,000/-
Village, Tiruppur building -

Anuppatti Village, Land &

32,59,000/- 3,25,900/-
Karadivavi, Tirupur building
M/s.Akshaya
8 Chinniampalayam
Aqua Industries
Singanallur Village, Land &
79,70,000/- 7,97,000/-
Coimbatore building
Samanatham Land &
4,60,400/-
Village, Harur, building- 46,04,000/-
M/s.Aaruthra Dharmapuri Item I
9 Chinniampalayam
Traders Samanatham Land &
11,41,340/
Village, Harur, building – 1,14,13,400/- Mr.C.Bharathi Raja, Manager
-
Dharmapuri Item II 8489938522
Cosmafan chinniampalayam@kvbmail.co
Foundry, Cluster Industrial m
19,21,000/
Park I, Arasur Land & 1,91,29,000/-
-
Village, Building
Coimbatore
PLS Nagar, Site
No.13 Western Residential
M/s.G B
10 Chinniampalayam Part, Kalapatti Vacant 31,41,000/- 3,14,100/-
Technocast
Village, Land
Coimbatore
PLS Nagar, Site
No.13,Eastern Residential
Part, Kalapatti Vacant 31,51,000/- 3,15,100/-
Village, Land
Coimbatore
Kuniyamuthur Residential
11 Mrs.Sumathi Chinniampalayam Village, Land & 68,80,000/- 6,88,000/-
Coimbatore Building
Residential
Kodingyam Village,
Vacant 7,93,406/- 79,341/-
Udumalpet Mr.M.Moorthy, Manager
Land
12 Mr.B.Chandran Erisanampatti 9943349040
Residential
Pungamuthur erisanampatti@kvbmail.com
Vacant 4,92,900/- 49,200/-
Village, Udumalpet
Land
Sellappampalayam Residential
13 Mr.T.Sabariraj Erisanampatti Village, Land & 12,90,000/- 1,29,000/-
Coimbatore Building
Mr.T.Gunasekaran, Manager
Residential
M/s.Sri Kanakampalayam 8489938526
14 Kanakampalayam Land & 6,45,000/- 64,500/-
Senthurvel Silks Village, Gobi kanakkampalayam@kvbmail.c
Building
om
Arakkankottai Residential Mr.S.Sakthivel, Manager
M/s.Sri Abirami
15 Kongarpalayam Village, Gobi, Land & 20,30,000/- 2,03,000/- 8489915172
Traders
Erode Building kongarpalayam@kvbmail.com
Karunchami
Mr.M.R.Gobinath, Manager
M/s.Crystal Goundenpalayam Vacant
15 Kovaipudur 3,44,000/- 34,400/- 9626248410
Engineers Village , Land
kovaipudur@kvbmail.com
Coimbatore
Residential
M/s.Sri Balaji Ayyampalayam
17 Palladam Land & 96,55,000/- 9,65,500/-
Tex Village, Palladam
Building Mr.S.M.Subramanian, Manager
Residential 9626248409
M/s.Bombay Cut Naranapuram Vacant palladam@kvbmail.com
18 Palladam 33,12,000/- 3,31,200/-
Piece Centre Village, Palladam Land &
Building
Mr.A.E.Selvakumar, Manager
Pungampalli Residential
Mrs.N.Karthika & 8489938533
19 Punjaipuliampatti Village, Land & 20,00,000/- 2,00,000/-
Mr.M.Eswaran punjaipuliampatti@kvbmail.co
Sathyamangalam, Building
m

Page 2 of 15
 M/s.Sri Karumathampatti Mr.C.Vino Bharathi, Manager
Land & 11,99,800/
20 Sellandiamman Somanur Village, 1,19,98,000/- 9626248408
Building -
Tex Coimbatore somanur@kvbmail.com
Mr.S.Senthil Kumaran, Chief
Residential
M/s.Sri Vel Nallur Village, 68,92,400/ Manager
21 Tiruppur Main Vacant 6,89,24,000/-
Textiles Tiruppur - tiruppurmain@kvbmail.com
Land
9843284839

Bid Amount Incremental /Multiplier:

1. Reserve price Less than Rs.50,00,000/- is Rs.25,000/-
2. Reserve price between Rs.50,00,000/- to Rs.1,00,00,000/- is Rs.50,000/-
3. Reserve Price Rs.1,00,00,000/- and above is Rs.1,00,000/-

Schedule of Properties:

Sl.No.1: Annur Branch Name of Borrower – M/s.Sree Vetri Vinayaga & Co, The Total due: As on
30.09.2020 is Rs.28,71,953.26/- (Rupees Twenty Eight Lakhs Seventy One Thousand Nine Hundred
and Fifty Three and paisa Twenty Six only) with further interest, Costs, other charges and expenses
thereon. Mortgage assets – Property I (in the name of Mr.S.A.Palanisamy): In Coimbatore Regis-
tration District, Annur Sub Registration District, Coimbatore North Taluk, Now Annur Taluk, Odder-
palayam Village, S.F. 140/1A1 – Acr.2.35 in it a part of the land is converted into house sites in the
name and style of “Sri Amman Nagar Phase - II” and the boundaries for the Site No. 10 is East of the
Site No. 11, West of the 23 Feet North - South Layout Road, North of the 23 Feet East - West Layout
Road, South of the Site No. 9, In the middle East - West on both side - 55 feet, North - South on both
side - 28 feet, Total extent of 1540 sq.feet land and building plinth area of 1179 sq.ft. and with the
rights of all other appurtenances attached thereon. Reserve Price - Rs.29,72,000/- - EMD:
Rs.2,97,200/- Property II (in the name of Mr.P,Arulselvan) : In Coimbatore registration District,
Annur Sub-registration District, Annur Taluk (Previously Coimbatore North Taluk), Masakkoundanchet-
tipalayam Village, lands in S.F.No.310/4 with an extent of 5.25 acres in this an extent of 2.63 acres
which has been converted into layout of house sites and approved by Deputy Director, Coimbatore of
Local planning Authority in L.P/DTCP.No.97/2009 and named as “Surya Gardens” and in this Phase-II
site No.30 with an extent of 2930 sft bounded on the West by - S.F.No.310/2A, North by - Site No.31,
South by - Site No.29, East by - 30 feet wide Northsouth layout road. Measuring East west on the
North - 73 ¼ feet, East west on the South - 73 ¼ feet, North south on the East - 40 feet, North south
on the West - 40 feet. In this the area admeasuring an extent of 2930 sft of land and rights in the lay-
out road and all the amenities and appurtenances thereto. The property situated within the limits of
Masakkoundanchettipalayam Panchayat and Annur Union. Reserve Price - Rs.11,76,000/- - EMD:
Rs.1,17,600/-
Sl.No.2: Coimbatore-Kalapatti Branch Name of Borrower – Mr.A.P.Paramasivam, The Total due:
As on 30.09.2020 is Rs. 8,84,634.32/- (Rupees Eigh Lakhs Eighty Four Thousand Six Hundred and
Thirty Four and paisa Thirty Two only) with further interest, Costs, other charges and expenses
thereon. Mortgage assets – In Coimbatore Registration District, Gandhipuram Registration Sub
District, Coimbatore taluk, Kalapatti Village, land in S.F.No.343/2 has been converted into layout of
house by Lakshmi Co-operative Building Society limited No.K.2177, approved by Director of Town and
Country Planning, Madras, in No.1412/91 dated 29.11.91 and named as “Cavalier Devarajulu
nagar”and in this site No.41 with an extent of 7 cents 147 sft bounded on the East by – Site No.42,
North by – 23 feet wide East west layout road, West by – 30 feet North south layout road, South by –
S.F.No.387 & 388 vacant land. Measuring East west on the North – 33 feet, East west on the south –
40 feet, North south on the East – 78 feet, North south on the West – 76 feet. In this the area
admeasuring an extent of 7 cents 147 sft of land, and the construction therin, doors, windows, fixtures
and features therein, Electricity service connection and its deposit, water connection and its deposits
and all the amenities and appurtenances thereto. Old Door No.40646, New Door No.21, GKD nagar,
Nehru Nagar West,Property tax Assessment No.367638, Water tax Assessment No 3603052,
Electricity service connection No.03-061-003-229, The property situated in S.F.No.343/2. The property
Page 3 of 15
is situated within the limits of Kalapatti Town Panchayat. Reserve Price - Rs.87,27,000 /- - EMD:
Rs.8,72,700/-

Sl.No.3: Coimbatore-R.S.Puram Branch Name of Borrower – M/s.Parvathy Pharmaceuticals, The

Total due: As on 30.09.2020 is Rs.16,44,318.18/- (Rupees Sixteen Lakhs Fourty Four Thousand
Three Hundred and Eighteen and paisa Eighteen only) with further interest, Costs, other charges and
expenses thereon. Mortgage assets – Property 1: Coimbatore Registration district, Joint-II Sub-
registration District,Coimbatore Taluk,in Telungupalayam Village, within the limits of Coimbatore Cor-
poration, in S F No.431, an extent of Acrees 6.13, in this, the South –Western Corner, running East-
West , an extent of acres 1.00, in this an extent of Acres 0.25. In this an extent of Acres 0.20, which
Lands has been developed, converted into Housing sites, layout formed, in this in Site No:12, which
has been regularized by Coimbatore Corporation in R.O.C.No:7812/2006/H1(w), for which the bound-
aries are North of - 30 feet wide East –West Road, South of - Site No:9, East of - Property belonging
to N Babuji in Site No:11 and West of - Site No:13. Within these measuring East- west on North - 36
feet, East- west on South - 36 feet, North-South on East - 62 feet and North-south on West - 62 feet.
Admeasuring an extent of 2,232 Sq Ft or 5 Cents 54 Sq.Ft of Vacant Land, along with the right to use
the common Roads and Passages found in the said Layout and all other appurtenances attached
thereto. Reserve Price - Rs.35,87,000 /- - EMD: Rs.3,58,700/-. Property No:2 : In Site No:70, in
the “Lakshmi Nagar” Layout of Lakshmi Co-operative Building Society Limited No:2177, in Villanku-
richi Village, in Coimbatore Taluk, Coimbatore District, in the Registration District of Coimbatore, in
Sub Registration District of Ganapathy, within the Jurisdiction of Vilankurichi Panchayat, bounded on
North by Site No 65, East by Site No 69, West by Site No 71 and South by 30 feet East West Road.
Within these measuring East- west on North - 40 feet, East- west on South - 40 feet, North-south on
East - 60 feet, North-South on West - 60 feet. Admeasuring an extent of 5 cents 222 Sq ft, of Vacant
land, situated in S F No:106/1 of Vilankurichi Village, along with the right to use the common roads
and passages found in the said layout and all other appurtenances attached thereto. Reserve Price
- Rs.41,32,000/- - EMD: Rs.4,13,200/- .

Sl.No.4: Coimbatore-Ramanathapuram Branch Name of Borrower – M/s.Sri Golden Tex, The

Total due: As on 30.09.2020 is Rs. 17,15,431.08/- (Rupees Seventeen Lakhs Fifteen Thousand Four
Hundred and Thirty One and paisa Zero Eight only) with further interest, Costs, other charges and
expenses thereon. Mortgage assets – All the part & parcel of the property situated in Tirupur
Registration District, Palladam Sub Registration District, Palladam Taluk, Puliyampatti village in
S.F.No.226/1 now sub divided as S.F.No.226/1C in this an extent of 3.52 acres of property having the
following boundaries and measurements were North of - Property in S.F.No.227, South of - Land
belonging to Nanjammal & others, East of - Land belongs to M.R.Subbaie gounder, West of - Property
in S.F.No.228/1. Admeasuring 3.24 acres of vacant land and Cement sheet godown with EB
Connection and with rights over the roads for ingress and egress with usual pathway rights to use the
roads and all other appurtenances attached thereto. Reserve Price - Rs.40,97,000 /- - EMD:
Rs.4,09,700/- .

Sl.No.5: Coimbatore-Ramanathapuram Branch Name of Borrower – Mrs Aditya Priyadarshini,

The Total due: As on 30.09.2020 is Rs. 9,27,859.77/- (Rupees Nine Lakhs Twenty Seven Thousand
Eight Hundred and Fifty Nine and paisa Seventy Seven only) with further interest, Costs, other
charges and expenses thereon. Mortgage assets – Coimbatore Registration District, Singanallur
Sub Registration District, Palladam Taluk, Peedampalli Village, SFNo.344/1, Patta No.710, “Google
Garden”, Site No.20. BOUNDARIES: North of 23 Ft East West Road, South of Site No.32, East of Site
No.19, West of Site No.21, AND MEASUREMENTS East - West on the Northern Side - 30.0”, East -
West on the Southern Side - 30.0”, North - South on the Eastern Side - 45.0”, North - South on the
Western Side - 45.0”. Admeasuring 1350 sqft with all other appurtenances attached thereto. The
Page 4 of 15
property is situated within the limits of Peedampalli village panchayat. Survey Number: S.FNo.344/1,
Site No.20, Peedampalli Village, Coimbatore District Reserve Price - Rs.23,34,000 /- - EMD:
Rs.2,33,400/- .

Sl.No.6: Coimbatore-Thudiyalur Branch Name of Borrower – Mrs.K.Chitra & M.Kalidas, The Total
due: As on 30.09.2020 is Rs.40,94,923.55/- (Rupees Fourty Lakhs Ninety Four Thousand Nine
Hundred and Twenty Three and paisa Fifty Five only) with further interest, Costs, other charges and
expenses thereon. Mortgage assets – In Coimbatore Registration District, Periyanaickenpalayam
Sub-Registration District, Coimbatore North Taluk, No.18, Kurudampalayam Village, in S.F.No.93,
Presently sub divided as S.F.No.93/23A1 an extent of 8.24 acres in this an extent of 1024 Sq. Ft.
bounded on the North by – Vacant land belonged to Ramasamy Gounder, South & West by – Land
belonged to Velathayammal, East by – North South Road. Measuring East West on the North – 32
feet, East West on the South – 32 feet, North South on the West – 32 feet, North South on the East –
32 feet. In this area admeasuring an extent of 1024 Sq.ft. of land and the building constructed therein,
doors, windows, fixtures and features therein, electricity service connection and its deposit, water
connection and its deposits, rights to use mamool pathway and all the amenities and appurtenances
attached thereto.Door No.3/122, K.Vadamadurai, property Tax Assessment No.849. The property
situated within the limits of Karudampalayam Village. Reserve Price - Rs.53,46,000/- - EMD:
Rs.5,34,600/-.

Sl.No.7: Chinniampalayam Branch Name of Borrower - M/s.Aaruthra Milk International P Ltd.,

The Total due: As on 30.09.2020 is Rs. 5,98,05,596.45/- (Rupees Five Crores Ninety Eight Lakhs
Five Thousand Five Hundred and Ninety Six and paisa Forty Five only) with further interest, Costs,
other charges and expenses thereon. Mortgage Assets: i).Karumathampatti Village Coimbatore
Property – In Tirupur Registration District, Sulur Sub Registration District, Sulur Taluk, in
Karumathampatti village, in S.F.No.204/2B, presently sub divided S.F.No.204/2B2, an extent of 3.48
acres and in this an extent of 7681 sft bounded on the North by Land belonged to M.Subbulakshmi
and S.Nagaraj, South by East west pathway, East by Land belonged to K.Radhika and
G.Krishnamoorthy, and West by Land belonged to M.Subbulakshmi. Measuring, East west on the
North -85 ¼ feet, East west on the South - 81 feet, North south on the wet - 92.41 feet, North south on
the East - 92.41 feet. In this area admeasuring an extent 7681 sq.ft. of land and along with the
construction therein, doors, windows, fixtures and features therein, rights to use common pathway
and all the amenities and appurtenances thereto, Door No.82A1, West Street, Senthil Nagar, the
property situated in S.F.No.204/2B2A as per present sub division, Property tax Assessment No.4037,
Water service connection No.11149, Electricity service No. 03-276-001-1203.The property is situated
within the limits of Karumathampatti Panchayat. Reserve Price – Rs.1,84,15,000/- - EMD –
Rs.18,41,500/- .Mortgage Assets: ii). Kodangipalayam Village Tiruppur Property: In Coimbatore
Registration District, Palladam Sub Registration District, Palladam Taluk, in Kodangipalayam village,
S.F.No.387A/1A presently sub divided as S.F.No.387A/1A2 in this with an extent of 80 cents and
bounded on the South by Lands belonged to Chinnammal and others, North by Lands in S.F.No.
387A/1A1, West by North South Road East by Common cart track. In this the area admeasuring an
extent of 80 cents of land along with the construction therein, doors, windows, fixtures and features
therein, Electricity service connection and its deposit, Water connection and its deposits, rights to use
mamool pathway and all the amenities and appurtenances thereto, Door No. 3/494 and 495
Sangothipalayam Karanampettai, Electricity Service No. 051-007-475 and 03-051-007-865. The
property situated within the limits of Kodangipalayam Panchayat. Reserve Price – Rs.2,32,87,000/- -
EMD – Rs.23,28,700/- .

Page 5 of 15
Sl.No.8: Chinniampalayam Branch Name of Borrower: M/s.Akshaya Aqua Industries. The Total
due: As on 30.09.2020 is Rs. 1,25,07,727.57/- (Rupees One Crore Twenty Five Lakhs Seven
Thousand Seven Hundred and Twenty Seven and paisa Fifty Seven only) with further interest, Costs,
other charges and expenses thereon. Mortgage Asset – i).Property in the name of
Mrs.V.Saraswathi In Tirupur Registration District, Palladam Sub Registration District, Palladam Taluk,
in Anupatti Village, Patta No.271, lands in G.S.No.294/1, with an extent of 7.12 acres and in this
northern extremity East West an extent 3.00 acres, in this Western Side an extent of 2.65 acres and in
this an extent of 65 cents bounded on the, South by Lands in S.F.No.294/1 belonged to
Shanmugasundaram, North by East West L.F.Road, West by An extent of 2.00 acres situated in
S.F.no.294/1 belonged to V.Balakumar, West by Land belonged to Shanmugasundaram. In this area
admeasuring a65 cents of land and along with the construction therein, doors, windows, fixtures and
features therein, Electricity service connection and its deposits, Water connection and its deposits,
rights to use common pathway and all the amenities and appurtenances thereto, Door No.1/70,
Veppankuttaipalayam, Property tax Assessment No.70, Electricity service No. 03-0239-003-114. The
property situated within the limits of Coimbatore Corporation. Reserve Price – Rs.32,59,000/- - EMD
– Rs.3,25,900/- .ii).Property in the name of Mrs.S.Sumathi Item No.1:In Coimbatore Registration
District, Singanallur Sub Registration District, Coimbatore Taluk, Singanallur Village, in Ondipudur,
S.F.no.233/5A, an extent of 1690 Sq. ft bounded on the South By House belonged to Alagirisamy and
147 Sq Ft mentioned below, North By House Belonged to Kupanna Gounder and Raayappa Gounder,
West By House Belonged to Ponniya Gounder, East By House Belonged to Malli Chettiar and 1 feet
10 inches to North South Wall. Measuring, North South on the East - 34 ¾ Feet, North South on the
West - 30 Feet, From Western Side - 15 ½ Feet, then Eastern side north south - 31 Feet, East West
on the North - 54 Feet, East West on the South - 52 ½ Feet. In this area admeasuring 1690 sft of land
Further an extent of 147 sft bounded on the North By 1690 sft said above, South By East West Street,
East By House Belonged to Alagirisamy Chettiar, West By house Belonged to R.Ponniya Gounder.
Measuring: East West on the North - 15 ½ Feet, East West on the South - 15 Feet, North South on
the West - 7 Feet, North South on the East - 12 ¼ Feet. In this area admeasuring 147 sft of land Both
items totaling an extent of 1837 sft and building constructed in the ground floor and in first floor
consisting 1568 sq.ft., RCC roofed house with doors, windows, fixtures and features therein, rights to
use common pathway and all the amenities and appurtenances thereto Item No.2: In Coimbatore
Registration District, Singanallur Sub Registration District, Coimbatore Taluk, in Singanallur Village, in
Ondiputhur, S.F.no.233/5A, an extent of 760 Sq. ft bounded on the North By Property Belonged to
Krishnasamy, South By Property Belonged to Palanisamy, East By House belonged to mayileri
Chettiar, West By North South pathway and Property Belonged to Krishnasamy. Measuring: East
West on the North - 38 Feet, East West on the South - 38 Feet, North South on the West - 20 Feet,
North South on the East - 20Feet. In this area admeasuring 760 sft of land Both totaling 2597 sft and
along with the construction therein, doors, windows, fixtures and features therein, rights to use
common pathway and all the amenities and appurtenances thereto. Door Nos. 46/1, 2, 3, 4,
Kammavar Street, Property Tax Assessment Nos.608793, 609707, 609708, 608795, EB Connection –
03-041-003-2426, 03-041-003-913, The property is situated in S.F.No.233/5A part and T.S.No.78 and
79, Ward no.35, Block No.63. The property is situated within the limits of Coimbatore Corporation.
Reserve Price – Rs.79,70,000/- - EMD – Rs.7,97,000/- .

Sl.No.9: Chinniampalayam Branch Name of Borrower: M/s.Aaruthra Traders, The Total due: As
on 30.09.2020 is Rs.2,54,47,204.97/- (Rupees Two Crores Fifty Four Lakhs Fourty Seven Thousand
Two Hundred and Four and Paisa Ninety Seven only) with further interest, Costs, other charges and
expenses thereon. Mortgage Assets – Item - 1 :In Dharmapuri District, Dharmapuri Registration
District, Harur Sub Registration District, Harur Taluk, Samanatham village, the land bearing Sy
No.25/4, Dry Ext.Hect. 0.60.0, Asst. Rs.0.92, in this Dry Ext.Ac.0.10 cents out of this land bounded as
East - in the same survey number land belongs to Mrs.Sumathi, West - Sy No.25/3E land belongs to
Mrs.Shan Bee, North - In the same survey number land belongs to Mrs.Sumathi, South - Sy No.24,
Road. In the midst of measuring an extent of Ac.0.10 cents land with RC House in Ground and First
Page 6 of 15
Floors measuring 46 x 23 ½ = 1081 sq.ft. with EBSC No.1218. The property comes under village
Panchayat limits of Keeraipatti and Union Council of Harur. Reserve Price – Rs.46,04,000/- - EMD –
Rs.4,60,400/- .Item - 2 :In Dharmapuri District, Dharmapuri Registration District, Harur Sub
Registration District, Harur Taluk, Samanatham village, the land bearing Sy No.25/4, Dry Ext.Hect.
0.60.0, Asst. Rs.0.92, in this Dry Ext.Ac.1.38 cents out of this land bounded as East - Sy.No.31, Land
belongs to Mr.Goundan Kuttai and Sy No. 25/5 Well, West - Sy No. 25/3E Land belongs to Shan Bee
and Remaining Land in the same survey number, North - Sy No.26, Land belongs to Syed Umar and
Others, South - Sy No.24, Road and Land belongs to Sumathi. In the midst of measuring an extent of
Ac.1.38 cents land with constructed RCC terraced roof Building measuring an extent of 4400 sq.ft.
and along with common way and all easements rights, EBSC No 1327. The property comes under
village Panchayat limits of Keeraipatti and Union Council of Harur. Reserve Price – Rs.1,14,13,400/-
- EMD – Rs.11,41,340 /-.

Sl.No.11: Chinniampalayam Name of Borrower – M/.G.B.Technocast, The Total due: As on

30.09.2020 is Rs. 1,13,38,818.33/- (Rupees One Crore Thirteen Lakhs Thirty Eight Thousand Eight
Hundred and Eighteen and paisa Thirty Three only) with further interest, Costs, other charges and
expenses thereon. Mortgage assets – Property 1 (in the name of Mr.V.Ganesan):In Coimbatore
Registration District, Sulur Sub Registration District, Sulur Taluk, Arasur Village, in S.F. No 558 with an
extent of 2.27 acres, S.F. No 559/3 an extent of 2.36 acres, S.F. No. 560/4 an extent of 1.38 acres
and S.F. No. 560/5 an extent of 0.84 acres and along with adjacent lands and totaling an extent of
102.74 acres which has been converted into layout industrial sites and approved by Arasur Panchayat
on 24.02.2006 and named Cosmafan Foundary Cluster Park – 1 and in this site No. 27-D with an
extent of 20832 Sft or 47 Cents 359 Sft bounded on the West by - 40 feet wide North South Road,
East by - Site No. 36-D, North by -Site No. 26-D, South by - Site No. 28-D. Measuring East
West on the North - 192 Feet, East West on the South - 192 Feet, North South on the East - 108.6
Feet, North South on the West - 108.6 Feet. In this the area admeasuring 20832 Sft or 47 Cents 359
Sft of land and the existing building therein and the new building constructed therein, doors and
windows, Electricity Service Connection, Water Service connection with their deposits and rights to
use mamool pathway and with all the amenities and appurtenances thereto.The property situated in
S.F. Nos. 558 part, 559/3 part, 560/4 part and 560/5 part as per present sub division. The property is
situated in “Cosmafan Foundary Cluster Park-1”. Door No. 3/282/27-D, Property Tax Assessment No.
5888, Electricity Service Connection No. 288-11/15/793 and 03-288-001-2862, The Property situated
within the limits of Arasur Panchayat and Sulur Panchayat. Reserve Price – Rs.1,91,29,000/-, EMD
– Rs.19,12,900/-. Property 2 (in the name of Mr.V.Ganesan):: In Coimbatore Registration District,
Gandhipuram Registration Sub District, Coimbatore (North) Taluk, Kalapatti Village, in S.F.No 699 an
extent of 4.25 acres, in this northern portion of east west in extent of 1.81 acres presently sub divided
as S.F.No 699/1B, which has been converted into layout of house sites and named as “PLS Nagar –
3” and approved by director of Chennai town/country planning authority in C.No. 50037/89/LA and
LP/DT&CP. No. 246/90 and in this site Western Portion of Site No. 13 an extent of 1309 Sft bounded
on the North by – Park South by - 30 Feet wide Eastwest layout road, East by - Eastern portion of Site
No. 13, West by - Shop Site. Measuring East West on the North - 32 ½ Feet, East West on the South
- 29 ¾ Feet, North South on the East - 42 Feet, North South on the West - 42 Feet. Reserve Price –
Rs.31,41,000/-, EMD – Rs.3,14,100/- Property 3 (in the name of Mr.G.Anbagam): In Coimbatore
Registration District, Gandhipuram Registration Sub District, Coimbatore (North) Taluk, Kalapatti
Village, in S.F.No 699 an extent of 4.25 acres, in this northern portion of east west in extent of 1.81
acres presently sub divided as S.F.No 699/1B, which has been converted into layout of house sites
and named as “PLS Nagar – 3” and approved by director of Chennai town/country planning authority
in C.No. 50037/89/LA and LP/DT&CP. No. 246/90 and in this Eastern Portion of Site No. 13 an extent
of 1313 Sft bounded on the North by – Park, South by – 30 Feet wide Eastwest layout road, East by -
S.F. No. 699/2, West by - Western portion of Site No. 13. Measuring East West on the North - 32 ½
Feet, East West on the South - 29 ¾ Feet, North South on the East - 42. 3 Feet, North South on the
West - 42 ¼ Feet The Property is situated within the limits of Kalapatti Panchayat. Reserve Price –
Rs.31,51,000/-, EMD – Rs.3,15,100/- .

Page 7 of 15
Sl.No.12: Chinniampalayam Branch Name of Borrower – Mrs.S.Sumathi, The Total due: As on
30.09.2020 is Rs.1,06,17,850.42/- (Rupees One Crore Six Lakhs Seventeen Thousand Eight
Hundred and Fifty and paisa Fourty Two only) with further interest, Costs, other charges and
expenses thereon. Mortgage assets – In Coimbatore Registration District, Joint II Sub Registered,
Previously Coimbatoe Taluk and now Perur Taluk, Kuniyamuthur Village, Lands in S.F No.116/3A, has
been converted into layout of house sites and in this Site No.11 and Northern portion of Site No.12
boundaries and measurements, In this Site No.11 of an extent of 1666 Sft bounded on the East by -
Lands in S.F No.116/3CA, North by - Lands in S.F No.118, West by - Site No.10, South by - Site
No.12 and 20 feet Layout Road. Measuring East west on North - 54 Feet 6 inches, East west on the
South - 54 Feet 9 inches, North south on the East - 30 Feet 6 inches, Noth south on the West -
30Feet 6 inches, In this area admeasuring an extent of 1666sft of land, Further Northern portion of
Site No.12 with an extent of 685 sft bounded on the East by - lands in S.F No.116/3CA, North by - Site
No.11, West by - 20 feet wide south north layout road, South by - southern portion of Site no.12.
Measuring, East west on North - 45 Feet 6 inches, East west on the South - 45 Feet 9 inches, North
south on the East - 15 Feet, Noth south on the West - 15 Feet In this area admeasuring an extent of
685 sft of land. Both items totaling an extent of 2351 sft of land and along with the construction
therein, doors, windows, fixtures and features therein, Eletricity service connection and its deposit,
Water connections and its deposits, right to use common pathway and all the amenities and
apprutenances thereto, D.No.6/11, Narasimmapuram New area, Property Tax Assessment
No.9218932 and 9215478, Water Tax Assessment No.928425, The Property is situated within the
limits of Kuniyamuthur Municipality. Reserve Price - Rs.68,80,000/- - EMD: Rs.6,88,000/-.

Sl.No.13: Erisanampatti Branch Name of Borrower – Mr.B.Chandran, The Total due: As on

30.09.2020 is Rs.17,63,090.64/- (Rupees Seventeen Lakhs Sixty Three Thousand and Ninety and
and paisa Sixty Four only) with further interest, Costs, other charges and expenses thereon.
Mortgage assets – Property I : In Tirupur Registration Dstrict, In Gomangalam Registration Sub
District, In Udumalpet Taluk, In Kodingiyum village in Vallakundauram Urkkatil in SF No:
221/A2J=1.53.5 Hec=3.79 Acres. This Land has been divided into several vacant site one such
vacant site measuring 3526 ¼ sq ft ie 327.60 sq meters within boundaries, North of East West Street
and remaining site belonging top Palanisamy and another, South of House site belonging to
Dhandapani and Sathasivam, East of Land belonging to Kothandapani and others and West of site
belongings to Aruchamy. Within these boundaries the site measuring, East west northern side 45 Ft,
East West Southern side 46 Ft, North south Western side 79 Ft and North South eastern side 76 Ft.
Area 3526 ¼ sq ft I.e 327.60 sq meters. Reserve Price - Rs.7,93,406 /- - EMD: Rs.79,341/- .
Property II : In Tirupur registration District, In Gomangalam Registration Sub District, In Udumalpet
Taluk, In Pungamuthur villge in SF No: 219/5=2.43.0 Hec=6.00 acres. This land has divided in to
several vacant sites, Karattumadam Urkkattil. In this – an area of 2.55 cents of land situate within the
boundaries, West of site No:53, East of site No:51, North of remaining lands in SF No:219/5 and
South of (North south 20FT) East West Road. Within these boundaries the site measuring East on
both side 30Ft, North south western side 38 Ft, North south eastern side 36 Ft, Area 1110 sq
ft=103.12 Sq meters=2.55 cents. In the same SF No:219/5 and Urkkattil an area of 2.37 cents with in
the following boundaries West of park site, East of Site No:52, North of remaining land in SF No:219/5
and South of (North south 20 Ft) East West Road. Within these boundaries the site measuring East
west of both sides 30 Ft, North south Western side 36 Ft, North south eastern side 33 Ft, Area 1035
sq ft = 96.15 sq meters=2.37 cents Reserve Price - Rs.4,92,900/- - EMD: Rs.49,290/-.

Sl.No.14: Erisanampatti Branch Name of Borrower – Mr.T.Sabariraj, The Total due: As on

30.09.2020 is Rs.6,64,497.93/- (Rupees Six Lakhs Sixty Four Thousand Four Hundred and Ninety
Seven and paisa Ninety Three only) with further interest, Costs, other charges and expenses thereon.
Mortgage assets – Tiruppur Registration District,Gomangalam Sub-Registration District,Udumalpet
Taluk, Sellappampalayam Village S.F.No.233/B Natham oorkatil with in the following boundaries
South of East West Street, North of Palanisamy's Vacant land, West of Kittusamy,Thangavel's House,
East of South North Street. In this middle North side East West 34 ft South side East West 37 ft
Western side South North 37 ft East side South North 30 ft making total 1189 1/4 Sq.ft vacant land
along with Building Construction, Door.No.3/170. The above land cart track along with Mamool
pathway way right. Reserve Price - Rs.12,90,000 /- - EMD: Rs.1,29,000/- .

Page 8 of 15
Sl.No.15: Kanakampalayam Branch Name of Borrower – M/s.Sri Senthurvel Silks, The Total due:
As on 30.09.2020 is Rs.7,14,956.08/- (Rupees Seven Lakhs Fourteen Thousand Nine Hundred and
Fifty Six and paisa Zero Eight only) with further interest, Costs, other charges and expenses thereon.
Mortgage assets – In Gobichettipalayam Registration District, Thukkanaickenpalayam Sub-
Registration District, Goichettipalayam Taluk, Kanakkampalayam Village, Old SF No.65, New SF
No.295, Patta No.725, Present Sub-division SF No.359/16 in this to an extent of 2080 sq.ft of house
site and building thereon bearing Door No.1/216, Gandhi Street, Kanakkampalayam situated within
the following boundaries South by - Subramaniam House, East by - Marappa Mudaliyar House, North
by - Sengoda Udaiyar House, West by - K.P.Subramaniam House and its rights to use mamool
pathway and all the amenities and appurtenances thereto. Reserve Price - Rs.6,45,000 /- - EMD:
Rs.64,500/- .

Sl.No.16: Kongarpalayam Branch Name of Borrower – M/s.Sri Abirami Traders, The Total due:
As on 30.09.2020 is Rs. 17,36,025.93/- (Rupees Seventeen Lakhs Thirty Six Thousand and Twenty
Five and paisa Ninety Three only) with further interest, Costs, other charges and expenses thereon.
Mortgage assets – In Erode registration District, Thookanayakanpalayam Sub-registration District,
Gobichettipalayam Taluk, D.NO.1/523-72, New.S.F.No.235/2, OldS.F.No.23A, Patta No.673,
Rajendrapuram, Arakkankottai Village and Panchayat,T.N.Palayam panchayat union,North Taluk),
admeasuring an extent of 2226.25 Sq.ft. of land with RCC terrace and ACC roof buildings of 862
Sq.ft with the boundaries To the East of Arakkankottai Panchayat Board Building, To the West of
house of Narayanan, To the South of land of Nallapa gounder, To the North of Sathy Athani Main road.
Reserve Price - Rs.20,30,000 /- - EMD: Rs.2,03,000/- .

Sl.No.17: Kovaipudur Branch Name of Borrower – M/s.Crystal Engineers, The Total due: As on
30.09.2020 is Rs.6,19,440.34/- (Rupees Six Lakhs Nineteen Thousand Four Hundred and Fourty and
paisa Thirty Four only) with further interest, Costs, other charges and expenses thereon. Mortgage
assets – In Coimbatore Registration District, Madukkarai Registration Sub District, Coimbatore South
Taluk,in Karunchami Goundenpalayam Village in S.F.No.20/2, 3, 4Pt, 5, 8 & S.F.Nos.21/3, 4, 5, 6, 7,
9, 10, 11, 13, 14 in this Dry Acre 11.74 ½ in this leaving the area for road and other common use the
remaining area of land laid as House sites Namely "SSS Green Paradise" in this layout site No.114
with an extent of 1500 sft bounded on the North of - Site No.99, South of - 23 feet wide East west
layout Road, East of - Site No.115, West of - Site No113. Within the above, East-West on the North -
30 feet, East-West on the South - 30 feet, North-South on the East - 50 feet, North-South on the West
- 50 feet. Within the above an extent of 1500Sq.ft. or Sq.mt. Or 3 Cents and 193 Sq.ft of vacant house
site with all its rights and appurtenances attached thereto. There is no building in this site. The above
said site situated in S.F.No.20/3. The property is situated within the Karunchami Goundenpalayam
village, Nachipalayam Township. Reserve Price - Rs.3,44,000/- - EMD: Rs.34,400/- .

Sl.No.18: Palladam Branch Name of Borrower – M/s.Sri Balaji Tex, The Total due: As on
30.09.2020 is Rs.9,40,144.85/- (Rupees Nine Lakhs Fourty Thousand One Hundred and Fourty Four
and paisa Eighty Five only) with further interest, Costs, other charges and expenses thereon.
Mortgage assets – Item I: Tiruppur Registration District, Palladam Sub-registration District, Palladam
Taluk, K Ayyampalayam Village, in S.F.No.:251/9, an extent of Punjai Hectares 1.18.5, or punjai acres
2.93, for which tharam is Rs.3.27 of lands, in this, on northern side, running east-west within the
following boundaries North of lands, an extent of Punjai Acres 1.44, in S.F.No.:251/9, belonging to
R.Palanisamy, South of lands, in S.F.No.:251/7, & S.F.No.:251/8, West of North south road, and lands
in S.F.No.:259 and S.F.No.:264, East of Lands in S.F.No.:251/4. Within these, an extent of Punjai
Hectare 0.56.7 or punjai acres 1.40 for which tharam is 1.57 of lands, along with common un-divided
half share in the borewell, found on the north eastern end of the lands, along with agricultural shed
found on the south-western end of the lands, along with electricity connection provided in
S.C.No.:295, along with another agricultural shed found on the Northern side of the shed, along with

Page 9 of 15
their fixtures and features, premises bearing Door No.:367, in ward no.1, in K.Ayyampalayam village
panchayat limits. Item II: In S.F.No.:251/9, on the western side, in the middle row, within the following
boundaries South of lands, an extent of Punjai Acres 1.40, in S.F.No.:251/9, belonging to
K.Vijayalakshmi, North of lands, an extent of Punjai Acres 1.44, in S.F.No.:251/9, belonging to
R.Palanisamy, West of an extent of Punjai Acres 1.44, in S.F.No.:251/9, belonging to R.Palanisamy,
East of Lands in S.F.No.:251/4. Within these, on the western side, of well found therein, common
passage, measuring East-west – 5/12 ft and North south – 54 ft, running up to item I, lands and well,
both measuring and extent of acres 0.21/2 in this common half share, an extent of Punjai hectares
0.00.5 or punjai acres 0.01 ¼, for which tharam is Rs.0.05 along with a common half share, the well
found therein, common half share in the 5 HPEMP set, fixed therein, common half share in the
electricity connection provided in S.C.No.:123, along with right to take water for 2 days out of 4 days
along with common half share in the bore-well found on the eastern side of the above referred well,
common half share in the 5 HP compressor Motor fixed therein, along with right to take water for 2
days out of 4 days. Item III : In S.F.No.:251/9, on southern side, running east-west, common passage,
within the following boundaries South of lands, an extent of Punjai Acres 1.44, in S.F.No.:251/9,
belonging to R.Palanisamy, North of lands, in S.F.No.:250, West of lands in S.F.No.:251/4, East of
Lands in S.F.No.:264, North South Road. Within these, east-west common passage, an extent of
Punjai acres 0.061/2, in this common half share, an extent of Punjai hectares 0.01.03 or Punjai acres
0.031/4 for which tharam is Rs.0.05. All items I to III, totalling to an extent of Punjai hectares 0.58.5 or
punjai acres 1.441/2 for which tharam is 1.67, along with right to use the usual and common roads
and passages, found to the lands as per the partition deed registered in Document No.4362/2012 with
Palladam registrar office and all other appurtenances attached thereto. Reserve Price -
Rs.96,55,000 /- - EMD: Rs.9,65,500/- .

Sl.No.19: Palladam Branch Name of Borrower – M/s.Bombay Cut Piece Centre, The Total due:
As on 30.09.2020 is Rs.11,22,294.82/- (Rupees Eleven Lakhs Twenty Two Thousand Two Hundred
and Ninety Four and paisa Eighty Two only) with further interest, Costs, other charges and expenses
thereon. Mortgage assets – Property 1: Tirupur Registration District, Palladam Sub- Registration
District, within the limit of Palladam Town Panchayat Board, in Naranapuram Village, in
Pachapalayam Bazaar Street, in patel road, in old natham S.F.No 587/19, in present Natham S.F.No
853/30, within the following boundaries: SOUTH OF Patel street, EAST of Property belonging to
sivasamy chettiar, NORTH of Property belonging to Ganesan and others and WEST of Property
belonging to Ganesan and others Within these, measuring, East-West on NORTH – 24Ft, East –
West on SOUTH – 24Ft, North-South on WEST- 60Ft, North-South on EAST – 60Ft. Admeasuring, an
extent of 1,440 sq.ft, of land, along with North facing house therein, along with its fixtures and
features, along with right to use the passage, situated on the western side, along with right to use the
passage, found between the Eastern side of this house and on the western side of the house
belonging to ganesan, along with Electricity Connection provided in S.C.No: 4 & 778, water
connection provided in connection No;1595, their security deposits and all appurtenances attached
thereto. Premises bearing Door No:74, Patel Road, Palladam, assessed to property Tax, in
Assessment No: 3684. Reserve Price - Rs.33,12,000 /- - EMD: Rs.3,31,200/- .

Sl.No.20: Punjaipuliampatti Branch Name of Borrower – Mrs.N.Karthika & Mr.M.Eswaran, The

Total due: As on 30.09.2020 is Rs. 15,81,042.73/- (Rupees Fifteen Lakhs Eighty One Thousand and
Fourty Two and paisa Seventy Three only) with further interest, Costs, other charges and expenses
thereon. Mortgage assets – All that piece and parcel of land nad Residential Building situated in
Gobi Registration District, Punjai Puliampatti Sub Registrartion District, Erode District,
Sathyamangalam Taluk, Pungampalli Village, New S.F.No. 151/4- hec.0.07.5, with boundaries as
Page 10 of 15
follows, South of East – West Cart Track, North of the land of Rangasamy S/o Nanjappa Gounder,
West of the land of Subramaniam S/o Amaravathi Gounder in S.F.No.152/1, East of the house of
Palaniammal W/o Othiappan. In the middle East – West on both side – 46 feet, North – South on the
eastern side – 55 feet, North – South on the western side – 50 feet, Total Extent of 2415 Sq.ft vacant
house site and residential building with the rights of all other appurtenances attached thereon.
Reserve Price - Rs.20,00,000 /- - EMD: Rs.2,00,000/- .

Sl.No.21: Somanur Branch Name of Borrower – M/s.Sri Sellandiamman Tex, The Total due: As
on 30.09.2020 is Rs.37,84,438.86/- (Rupees Thirty Seven Lakhs Eighty Four Thousand Four
Hundred and Thirty Eight and paisa Eighty Six only) with further interest, Costs, other charges and
expenses thereon. Mortgage assets – In Coimbatore Registration District, Sulur sub registration
district, previously Palladam taluk now Sulur taluk, Karumathampatty Village, in S.F.No 814/12 an
extent of 0.62.5 hectares in this an extent of 79 ½ cents in presently sub divided S.F.No 814/12A
bounded on the North by S.F.No 11, South by Lands belonged to Parameswaran, East by North south
pathway and West by North South pathway. In this the area admeasuring 79 ½ cents of land and the
constructions therein, Doors and windows, Electrical fittings, Electricity connection and its deposit,
water connection and its deposits, common ½ share in the Borewell, 7 ½ HP Motor pump set and with
all the amenities and appurtenances thereto. Property tax assessment No 7791 and 7792, water
connection and Electricity Service Connection No 1506. Reserve Price - Rs.1,19,98,000/- - EMD:
Rs.11,99,800/- .

Sl.No.22: Tiruppur Main Branch Name of Borrower - M/s.Sri Vel Textiles, The Total due: As on
30.09.2020 is Rs.2,03,31,146.89/- (Rupees Two Crores Three Lakhs Thirty One Thousand One
Hundred and Fourty Six and Paisa Eighty Nine only) with further interest, Costs, other charges and
expenses thereon. Mortgage assets – In Tiruppur Registration District, Tiruppur Joint II Sub
Registration District, Tiruppur South Taluk(Now in Tiruppur City Municipal Corporation Limits)
Perichipalayam Extension in T.S.Ward No. “O”, Nallur Village, In G.S.No.753/1 Lands measuring
16.72 acres at Rs.22.91, in G.S.No.735/2, Lands Measuring 0.17 acre at Rs.0.23, Thus the total
extent of 16.89 acres at Rs.23.14 in this half part in the western side, in this northern part lands
measuring 3.76 acres in this middle part lands measuring 1.25333 acres situated within the
boundaries East to Lands in Eastern part admeasuring 1.25333 acre owned by C.Sridhar, South to
pallavari in G.S.No.222, West to lands in eastern part admeasuring 1.25333 acres owned by
C.Sridhar, North to 60 links wide East- West 0.63 acre land. Amidst in this land measuring 1.25333
acre (or) 0.5072 Hectare (the above lands forms part of T.S.No.7/1A, ARD No. “O” and Block No.2,
Lands measuring 3.45090 Hectare in Patta no.775 in Tiruppur Town) along with passage rights in
East – West & South – North Roads and Regular pathway rights in East – West & South – North
roads and Regular Pathway rights and all easement and rights etc., (As per Patta No.775,
T.S.No.7/1A, Block No.2 and Ward No. “O”) (Detailed description in Document No.3630/2015)
Reserve Price - Rs.6,89,24,000/- - EMD: Rs.68,92,400/- .

Inspection of the Asset All working Days – From 22.10.2020 to

23.11.2020 between 11.00 am to 5.00 pm
Last date and time for submitting Date: 24.11.2020
online Tender & Application Time: by 5 pm
Forms
Date and Time of E-Auction The E-Auction will take place through portal
on 25.11.2020 between 11.00 a.m to 12.00
noon with unlimited extensions of 10
minutes each till sale is concluded.

Nodal Bank account Name The Karur Vysya Bank Ltd, Central office in
Page 11 of 15
 favour of above accounts
Account No:1101351000000973,
IFSC Code : KVBL0001101.
Contact Person & Phone No As mentioned above

The E-tenders should be accompanied with EMD remittance details. EMD should
be remitted through RTGS / NEFT to Nodal Bank Account without time lag, failing
which the tender becomes disqualified or The EMD of 10% of the Reserve Price can
also be paid by of a Demand Draft/Pay Order drawn in favour of The Karur Vysya
Bank Ltd, Payable at respective branches along with Bid Form.

For detailed terms and conditions of the sale, please refer to the link provided in
our Bank’s/ Secured Creditor’s website i.e. Under Auction also at the web portal
https://www.matexauctions.com of our E-Auction service provider, M/s.Matexnet P
Ltd. Ph.No.0422-4980191 & Mobile No.9944171360. Prior Encumbrance: Nil
(Brought to the knowledge of Bank)

TERMS AND CONDITIONS OF THE E-AUCTION ARE AS UNDER

1. E – Auction is being held on ““AS IS WHERE IS”, “AS IS WHAT IS”,
AND “WHATEVER THERE IS” BASIS”.
2. The E-auction will take place through portal on 25.11.2020 between
11.00 a.m to 12.00 noon with unlimited extensions of 10 minutes each, till the
sale is completed.
3. For detailed procedure and terms and conditions of E-Auction, interested
bidders may visit www.matexauctions.com and download relevant documents.
Interested bidders may also get in touch with service provider on below mentioned
contact numbers.
4. It shall be in the discretion of the Authorized Officer to cancel the auction
proceeding for any reason and return the EMD submitted and Bank would not
entertain any claim or representation in that regard from the bidders.
5. Particulars specified in respect of the said property/ies in the above
schedule have been stated to the best of the information of the Authorized
Officer/Bank.
6. The intending purchaser / bidder is required to submit amount of EMD and
register their name at to the above mentioned accounts and get user ID and
Password free of cost and get training on E-Auction from Mr.K.Sampath Kumar,
0422-4980191; Mobile No.-9944171360, e-mail . Cheques will not be accepted
Page 12 of 15
for EMD. Bidders are required for participating in the E-auction to hold Digital
Signature Certificate and also to furnish the details in the Auction Application
Form available on the site.

7. The said EMD shall be adjusted in the case of highest bid, otherwise it will
be refunded. The earnest money deposit will not carry any interest. Brokers /
Middlemen shall not be entertained.
8. The sale shall be confirmed in favour of the purchaser who has offered the
highest sale price in his bid to the Authorised Officer and shall be subject to
confirmation by the Bank.
9. The purchaser shall deposit 25% of the amount of sale price after adjusting
the Earnest Money Deposit within 24 hours (Banking Days) of acceptance of
highest bid by the Authorized Officer in respect of sale, failing which the Earnest
Money Deposit shall be forfeited. The highest bidder shall be declared to be the
purchaser of the properties mentioned herein provided he should be legally
qualified to bid at all stage.
10. The balance 75% of the sale price shall be paid by the purchaser on or
before 15th day (during banking hours) of confirmation of sale by the Authorized
Officer or such extended period as agreed upon in writing by and solely at the
discretion of the Authorized Officer.
11. In default of payment of sale price or any part thereof within the period(s)
mentioned hereinabove, the deposit(s)/ Part payment shall be forfeited and the
property shall be resold and the defaulting purchase shall forfeit all claims to the
property or any of the sum for which it may be subsequently sold.
12. On confirmation of the sale by the Bank and or compliance of the terms of
payment the Authorized Officer shall issue a certificate of sale of the said property
in favour of the purchaser in the form given in Appendix V to Enforcement of
Security Interest Rules.
13. The Authorized Officer is not bound to accept the highest bid or any or all
bids and reserves the right to accept or reject any or all the bids without assigning
any reason thereof and his decision will be final binding on all the parties attending
the auction.
14. Participation by any person in the sale shall be treated as conclusive
evidence of the fact that the party has inspected the property/ies offered for sale
and satisfied himself about the title, measurement, extent, boundaries and location
of the property/ies. It shall also imply and be taken for granted that the party has
carefully gone through and understood the terms and conditions of auction
Page 13 of 15
including the amendments if any, prevailing at the time of auction bid. No objection
shall be entertained by the Bank and or the Authority after the bid is accepted.
15. The successful purchaser would bear all the charges / fees payable for
conveyance such as stamp duty, registration fee, applicable GST (Goods and
Service Tax) and all other taxes etc, as applicable as per law of Government of India
and state of Tamilnadu and other Authorities.
16. Delivery / possession should be taken by the purchaser or his authorized
representative against proper authorization letter only and it should be completed
within the time schedule at their own risk, cost and arrangement and they will not
be entitled to claim any facility or assistance or cost on this account from the Bank.
17. Any other conditions / changes / amendments to the auction terms and
conditions, if made, and which are not incorporated in these terms and conditions
will be announced at the time of auction which will be binding on the bidders.
18. The Bank reserves its right to accept / reject any bid, withdraw any property
at any stage from auction sale after acceptance of the deposit amount for full value
by the buyer, without assigning any reason thereof and value of such properties if
paid for, shall be refunded.
19. The Bank shall not be responsible for any damage or loss, whatsoever, to
purchaser on account of such withdrawal.
20. The property/ies will be put for auction as per the convenience of Bank and
it is not obligatory to go serially if the properties are more in number.
21. The properties shall remain in every respect at the risk of the purchaser
from the date of acceptance of their offer and the Bank shall have no liability for
the safe custody or preservation thereof till the date of delivery / taking possession
by the purchaser.
22. To the best of the knowledge and information of the Authorized Officer no
other encumbrance exists on the properties.
23. All persons participating the E-Auction should upload and submit his / their
sufficient and acceptable proof of his / their identity, residence, and authority and
also PAN / TAN cards etc.
24. Participation by anyone in this sale shall be treated as conclusive evidence
of the fact that the party has inspected the assets offered for sale and satisfied
himself/herself in all respects and the principle “Caveat Emptor” (let the buyer
beware) will apply.
25. As per the Section 194 -1A of the Income Tax Act 1961, TDS @1% will be
applicable on the sale proceeds where the sale transaction is Rs.50,00,000/-

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(Rupees Fifty Lakhs) and above. The successful bidder /purchaser shall deduct 1%
TDS from the Sale Price and deposit the same with the income tax department in
Form No.16B, containing the Bank’s Name and the PAN No. AAACT3373J as a
seller and submit the original receipt of the TDS Certificate to the Bank.

26. The sale is subject to the conditions prescribed in the SARFAESI Act,
Rules 2002, amended from time to time and the conditions mentioned
above.

Special Instructions:
Bidding in the last minutes and seconds should be avoided in the bidders own
interest Neither The Karur Vysya Bank Ltd nor Service Provider will not be held
responsible for any lapses / failure (Internet Failure, Power Failure etc.,) on the
part of the vendor, in such cases, in order to ward-off such contingent situation
bidders are requested to make all the necessary arrangements / alternatives such
as back-up power supply whatever required so that they are able to circumvent
such situation and still be able to participate in the auction successfully.

Statutory 30 days’ Notice under Rule 8(6) and 6(2) of the SARFAESI Act,
2002**

The borrower/s and guarantor/s are hereby notified to pay the dues as mentioned
above along with up to date interest and ancillary expenses before the date of
e-Auction, failing which the Schedule property will be auctioned/sold and balance
dues, if any, will be recovered with interest and cost.

Date : 20.10.2020 Authorized Officer

Place : Coimbatore The Karur Vysya Bank Ltd.,

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