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ASSET RECOVER BRANCH. BROADWAY, CHENNAI -600108P7!o7te.. 044-23460706 Email: _arb@unionbankofindia. com

APPENDIX -IV - A[See proviso to rule 8(6)I

`' _S_ALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES

E-Auction Sale for sale of Immovable Assets under the Securitisation andReconstruction of Financial Assets and Enforcement of Security Interest Act, 2002read with proviso to Rule 8(6) of Security Interest (Enforcement) Rules, 2002.

Notice is hereby given to the public in general and in particular to Mr. DavidLivingston and Mr. Nanda Srinivasaiah that the below described immovableproperty mortgaged/charged to the Secured Creditor, the physical possession ofwhich has been taken by the Authorised Officer of Union Bank of hdia, SecuredCreditor, will be sold on ``As is where is, ``As is what is and Whatever there is"on 18.01.2019, for recovery of Rs. 48,88,426.00 and interest from 01.11.2018 due tothe Secured Creditor froin Mr. David Livingston. The reserve price will be Rs.15,00,000.00 and the earnest money deposit will be Rs.1,50,000.00.

(Short description of property with known encumbrances, if any)

All that piece and parcel of the land bearing Plots No.1, 2 & 3 (Sub Division

plan approved vide No.PP-C-30678/231/07) and the Flat No.1 in Block No.B,Varsha Homes, constructed thereon, Bharathi Nagar, 5th Street measuring anextent of 8064 sq. Ft. Comprised in S.No.278/5 (pata No.4866) situated atNo.134, Perungalathur village, Tambaram Taluk, Kancheepuram District andbounded:

North: by property No.2 & common passageSouth: by vacant land of Anmgu GraminiEast : by vacant land in S.No.278/6West: b vacant land in S.No.278/2Encumbrance known to secured creditor: NIL - however indeht\ingadvised to verif the EC and satis themselves before submittin

bidders are

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Fordetailedtermsandconditionsofthesale,pleaserefertothelinkprovidedinUnionBankoflndia,securedcreditor'swebsitei.e.|Azl±zlAz±±n±QnbankQfin±ia±£Q=±a

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STATUTORY 30/15 DAYS SALE NOTICE UNDER RULE 8(6) / RULE 9 (1) OF

STATUTORY INTEREST (ENFORCEMENT) RULES 2002

Thismayalsobetreatedasnoticeu/r8(6)/Rule9(1)ofSecuritylnterest(Enforcement)Rules,2002totheborrower/sandguaranator/softhesaidloanabouttheholdingofE-Auction Sale on the above mentioned date.

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ThePropertywillbesoldby"OnlineE-Auction"throughwebsitewww.bankeauctions.comon18.01.2019.

1 Description of the Propertyto be All that piece and parcel of the land bearing Plots No.1, 2

& 3 (Sub Division plan approved vide No.PP-C-auctioned/sold+30678/231/07) and the Flat No.1 in Block No.B, VarshaHomes,constructedthereon,BharathiNagar,5thStreet

measuring a.n extent of 8064 sq. Ft. Comprised in

S.No.278/5 (pata No.4866) situated at No.134,

Perungalathur village, Tambaram Taluk, Kancheepuram

District and bounded:

North: by property No.2 & common passage

South: by vacant land of Anmgu Gramini

East : by vacant land in S.No.278/6

West: by vacant land in S.No.278/2Mr.DavidLivingston,Mr.NandaSrinivasaiahRs.48,88,426.00+interestfrom01.11.2018and cost.IRs.15,00,000.00(RupeesFifteenlacsonly)IRs.1,50,00000(Rupeesonelacfiftythousandonly)18.01.2019betwieen11:00AMTo12:00NOON with

2 Name of the Borrower/Mortgagor

3 Debt due with interest and cost

4 Reserve Price

5 Earnest Money Deposit (EMD)

6 Date and Time of Auction .~unlimited extension o£ ``5" ndnutes i,e, the end time of E-Auction will be extended by 5 Minutes each time if bid ismade within the last 5 minutes before closure of auction.

7 Last date of submissTon of bids 15.01.2019 ( latest by 05:00 PM )Rs.50,000.00(Ru.peesFiftythousand only)11.01.2019between11.00AMto3.00PMNIL(However,prospectivebiddersarerequested to takeECandmaketheirownenquiryandsatisfythemselves

8 Bid increment amount by

9 Date & Time of inspection of property forintending purchasers

10 Details of encumbrances over the property,as known to the Bank `

before submittirig bid).

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system crash down, power failure etc.

11.ThePropertyisbeingsoldon``ASISWHERIS'',``ASISWHATIS:,''WHATEVERTHEREIS'`.Assuch,thesaleiswithout any kind of warranties and indemnities.

12. The particulars of the properties specified in the E-Auction sale notice have been stated to the best ofinformationoftheBankandtheBankwillnotbeanswerableforanyerror,misstatementoromission.Actualextent & dimension may differ.

13.E-AuctionSalenoticeissuedbytheBankisaninvitationtothegeneralpublictosubmittheirbidsandthesamedoesnotconstituteandwillnotbedeemedtoconstituteanycommitmentoranyrepresentationonthepanoftheBank.InterestedbiddersareadvisedtoperusethecopiesofTitleDeedswiththeBankandtoconductownindependentenquiries/duediligenceaboutthetitleandpresentconditionoftheproperty/assetsandclaims/duesaffectingthepropertybeforesubmissionofbid/s.

::ov?:ectd'°bysb:drvd,'cne8psr::'[]d:re#:°cu:|N``:,n;I:#|:CDt,r:ni:smh::,ea"rrtahnr:eu8&hctohoerdYneat:'ttehewewn¥;:ap::::=scto'f°:::Ct:o:through e-auction platform.

15.Thebiddersmayparticipateine-auctionforbiddingfromtheirplaceof choice.InternetconnectivityshaHhavetobeensuredbybidderhimself.Bank/ServiceprovidershaHnotberesponsibleforinternetconnectivity,network problem,

a-fas/NEFT remitt-ance towards EMD and KYC documents, in sealed ccivel du.-.,. a___. n.__.,^.„ Dranrrh laq Rmadwav. Chennai-600108

17.ForparticipatinginE-Auctionsaletheintendingbidders(havingvalidaddress,ldentityproofandPANCard)afterremittingEarnestMoneydeposit,shouldregistertheirdetailswiththeserviceproviderM/SCIINDIAPVTLTDweuinadvanceandshaHgettheuserlDandpassword.Intendingbiddersareadvisedtochangeonlythe

passwordimmediatelyuponreceivingitfromtheserviceprovider.

18.Forparticipatingine-auction,intendingbidderhastodepositarefundableEMDof10%ofReservePricebyway of NEFT/RTGS/ Funds Transfer on or before 07.01.2019 (latest by 05:00 PM) in AccountNo.332601020030143 Account Name ``M/S E AUCTION SARFAESIA ARB CHENNAl", Union Bank of India,ChennaiMainBranch,IFSCode:uBmre53±|ZfforbSDD/PayorderfavouringunionBankOflndia,ChennaiMainBranch payable at Chennai.

19. The intending bidders should submit the duly filled Bid Form (format available in the website

*

WWW.,Pa_±EeaucE.jpn_S:E°.¥!..:Ilo.nEM:]t.hnHtt:rdHent:,i,'ier:tgs:rjdnj::a,reedm::tvaenrc:dd°rfesEs¥dD{oqAuu:ti::is:dTBffi|cueT,b::io°i

latest by 05:00 PM on' or beforeMr. David Livingston.

•\ ` --,-- _- _

Bank of lndia`, Asset Recovery Branch, 139, Broadway,15.01.2019. The sealed cover should be superscribed with

20. After expiry of the last date of submission of bids with EMD, Authorised Officer shaH examine the bidsreceivedbyhimandconfirmthedetailsofthequalifiedbidders(whohavequotedtheirbidsoverandabovethereservepriceandpaidthespecifiedEMDwiththeBank)totheserviceproviderM/sC1lNDIAPVTLTDtoenablethemtoallowonlythosebidderstoparticipateintheonlineintersebidding/auctionproceedingsatthedateandtime mentioned in E-Auc.tion Sale Notice.

21. Interse bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders.During the process of interse bidding, there win be unlimited extension of ``5" minutes each, i.e, the end time ofe-auction shall be automatically extended by 5 Minutes each time if the bid is made within 5 minutes from thelast extension,

22. Bids once maid shall not be cancelled of withdrawn. All bids made from the user id given to bidder will bedeemed to have been made by him alone.

23. Immediately upon closure of E-Auction proceedings, the highest bidder sliall confirm the final amount of bid`quoted by him by mail both to the Authorised Officer and the Service provider for getting declared as successful

bidder in the E-Auction sale proceeding.

24. The successful bidder shall deposit of 25% (twenty five percent) of the bid amount (including EMD) on thesame day of sale (I-Auction), being knocked down in his favour and remaining 75 % of bid amount shaH be paidwithin 15 days from the date of sale (E-Auction) by the Bank by way of NEFT/RTGS/ Funds Transfer in AccountNo.332601020030143, Account Name " M/S E AUCTION SARFAESIA ARB CHENNAl", Union Bank of India,Chennai Main Branch, lFS Code: ELO_533262 or by DD/ Pay order favouring Union Bank Of India, Chennai Mainbranch payable at Chennai

25. In case of default in payment of above stipulated amounts by successful bidder/ auction purchaser within thestipulated time, the sale win be cancelled and the amount already paid (including EMD) will be forfeited and the

property win be again put to sale.

26. At the request of the successful bidder, the authorized officer in his absolute discretion may grant furthertime in writing, for depositing the balance `of the bid amount.

27.Municipal/PanchayatTaxes,Electricitydues(if any)havetobepaidbythesuccessfulbidderonly.Bankisnotliable to pay or discharge the statutory dues pertaining to the property. Bids shall be made taking intoconsideration of all the statutory dues pertaining to the property.

28. Sale certificate win be issued by the Authorised Officar in favour of the successful bidder only upon deposit ofentirepurchaseprice/bidampuntandfurnishingthenecessaryproofinrespectofpaymentofalltaxes/charges.

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29. Applicable legal charges far conveyancd, stamp duty, registration charges and other incidental charges shallbe borne by auction purchaser. The TDS on sale of property to be borne by the buyer and the amount of TDSshould not be cleducted from the sale price (Bid amount).

30. The Authorised Officer may postpone / cancel the E-Auction sale` `proc edings without assigning any reasonwhatsoever. In case t`he I-Auction sale scheduled and postponed to a later date before 30 days from thescheduled date of sale, it will be displayed on the website of the service provider.

31. The decision of the Authorised Officer is final, binding and unquestionable.

32. AIl bidders who su mitted the bids, shaH be deemed to have read and jnderstood the terms and conditionsof the E-Auction sale and be bound by them.

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33.ThelnterestedbiddersmaycontacttheAuthorisedOfficerMr.D.MalieswaraiahforascertainingthedetailsofauctionandinspectionofpropertyonthedateofmentionedasaboveContactNo,7780201766.

34. Bidders are advised to visit the Govemment's website !±ziAnAzfende££g9|zjfl and Bank's websitewww.unionbankofindia.co.in for detailed terms and conditions of e-auction sale and other detalls beforesubmittingtheirbidfortakingpariinthee-auction.Biddersmayalsovisitthewebsitewww.bankeauctions.comof Service Provider M/s C 1...INDIA PVT LTD and may contact at tn@clindia.com , Contact Person Mr.K NShrinath, Phone No. 09840446485/0124-4302020.

`.35.ThetermsandconditionsofsaleshallbestrictlyasperprovisionsoftheSecuritylnterest(Enforcement)Rules,2002.

Special I nstructions/ Caution::n +lia lac+ minHta¢/ <pcnnds should be avoided by the bidders in their own interest. Neither UnionB.idding in the last minutes/ seconds should be avoided by the Diaciers Ill iiicH liwH ii,L[, „h ,,....... _..._..

Bank of India nor the service provider will be responsible for any lapses/ failure (Internet failure, Powerfailure,etc.)onthepartofthebidderinsuchcases.Inordertowardoffsuchcontingentsituation,biddersare requested to make aH the necessary arrangements/ alternatives such as back-up power supply andwhateverelserequiredsothattheyareabletocircumventsuchsituationandareabletoparticipateintheauctich successfully.

Shri.D. MaheswaraianAuthorised Officer,Union Bank of India,Asset Recovery Branch, a uEt` t` `

•Place: Chennai

Date: 10.12.2018

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