1

Indian Overseas Bank

Regional office

3rd Floor, Lakshmi Narayanan Complex, 10/1 Palace Road,

Vasanth nagar, Bangalore- 560052

Ph no: 080-22950320 / 9448824054

Email ID : 0800ardlaw@iobnet.co.in

SALE NOTICE FOR SALE OF IMMOVABLE SECURED ASSETS

[Under Proviso to Rule 8(6) of Security Interest (Enforcement) Rules]

--------------------------------------------

E-auction Sale Notice for Sale of Immovable Assets under the Securitisation and Reconstruction of Financial Assets and

Enforcement of Security Interest Act, 2002 read with proviso to Rule 8(6) of the Security Interest (Enforcement) Rules ,

2002.Notice is hereby given to the public in general and in particular to the Borrower (s) and Guarantor (s) that the

below described immovable property mortgaged/charged to the Secured Creditor, the constructive possession of

which has been taken by the Authorised Officer of Indian Overseas Bank, Secured Creditor, will be sold on “As is where

is”,”As is what is”, and “Whatever there is” on 21.12.2019, for recovery of the below mentioned dues to the Indian

Overseas Bank, Secured Creditor from the below mentioned Borrowers . The reserve price will be as mentioned below

(1% Income Tax on sale consideration of above Rs.50 Lacs to be borne by the successful bidder separately) and the

earnest money deposit will be as mentioned below:

2

S.n

o Branch

Account

name

Name of Borrower/

Company

(including name of

Proprietor/ Partner/

Director/ Guarantor

Loan account

number

Outstanding Dues

(in Rs.) Security Details Reserve Price

EMD/ EMD

Account

Details/ IFSC

Code

Branch Name/

Contact Details

(Landline & Mobile)/

Web portal details

3

1 ARM

M/s AAA

Special

Machines

Guarantor : Mr.

Arivalagan ;

Mrs. S

Maragatham

(Mortgagor);

Mr. S Pandi

Rajamanickam

;

Mr. H Shankar

Shetty

TL-

2633032615000

01 - & CC

2633020000000

65

TL-

2633032615000

01 : Rs

11,60,889.13

& CC

2633020000000

65 : Rs

63,34,904.92

Total o/s :

74,95,794.05

Property : 1

All that piece and

parcel of

property bearing

Survey no : 300/5

part, now

subdivided as S

No : 300/5J

Eastern part in

ward no : 12,

Indira Nagar,

Kolunjipatti Road

eastern side,

Thirupathur town

panchayath ,

Thirupathur

taluk, Sivagangai

District, Tamil

Nadu measuring

29 cents or

12,644 sq ft,

Bounded on :

East by :

Site Owned by P

Tamilmani

West by :

Site owned by

Selvarani

North by :

East –West

Property 1 :-

Sy No.338/4

& 338/6 - Rs

25,82,500.00

Property 2 :-

Sy No.300/5J

-

38,69,000.00

Property 1

:- Sy

No.338/4

& 338/6 -

Rs

2,58,250.0

0

Property 2

:- Sy

No.300/5J

-

3,86,900.0

0

ARMB (Vijayanagar)

080 - 22950300

Mob :

9949563406/79753573

15

4

Street

South by :

East –West Mut

Road

Property :

2

All that piece and

parcel of

Residential

building

constructed

thereon bearing

Door no : 11-3-27

at site bearing

Survey No :

338/4 & 338/6-

Part, Plot No 1,

Ward no : 11,

Gandhinagar,

Thiruppathur

Town Panchayat,

Sivagangai

District,

Thirupathur

Taluk measuring

East – West :

35’6” , North –

South : 37’6”

Bounded

5

on :

East – Site owned

by Muthaliff

AmbalM

West – Site Of

Meenambal

North – Site Of

Kamatchiammal

and East –West

Pathway

South – Site of

Bagavathiammal

and Ramani

Somasundaram

Above 2

properties are in

the name of Mrs.

Maragatham.

6

2 Mysore

Bhogadi C Sandeep C Sandeep

LAP -

256703453000002

14,40,469.11 +

interests & costs

thereon

All that piece and

parcel of Site

No.7,Janjar

No.70,3rd stage

Dattagalli Layout,

Chamraja Mohalla,

Mysore.

Measurements:

East to West 50

feet

North to South 40

feet

Total Extent :

2000 sq ft

Boundaries:

East by :

Remaining

Property of

Rangegowda

West by : Halla

North by : Road

South by :

Remaining

Property of

Rangegowda

This property is in

the name of Mr

Sandeep C S/o Mr

Chandrashekar.

37,15,000.00 3,71,500.00 Mysore Bhogadi

0821 - 2417112

Mob : 8234282021

7

3 ARMB

M/s

Sandhya

Granites

Proprietor/Mortgag

or : P Selvam

TL -

230603261400002 /

CC

230602000000191

62,64,014.00 +

interests and costs

thereon

All that piece and

parcel of Factory

Land and Building

at Survey

No.172/2

measuring 0-25

guntas situated at

S.Bingipura

Village, Jigani

Hobli, Anekal

Taluk, Bangalore

bounded on :

East :

Ramachandra

Rao’s property

West : V

Madhusudhan’s

property

North :

Jayaramappa &

Subbappa’s

property

South :

Chikkayellappa’s

property

This property is in

the name of P

Selvam

2,34,00,000.00 23,40,000.0

0

ARMB (Jigani)

080 - 27826888

/ 9949563406

8

4 ARMB

M/s S L N

Glass &

Plywoods

Proprietor : Mrs

Mangala

Guarantor : Mr V K

Ramalingegowda

CC

129802000001750

46,63,939.00 +

interests & costs

All that piece and

parcel of

RESIDENTIAL

HOUSES

(PROPERTY SITE

NO. 33 OLD NO.

49) HOUSE LISTING

NO. 675, SURVEY

NO. 24/3, 4th

Cross,H M Nayak

road, Jayamaruthi

Nagar, Ward No

12, PID -12-125-33,

Bangalore -

560096 TO THE

EXTENT OF 1200

SQ FT,

BOUNDED ON

EAST BY PRIVATE

PROPERTY SITE NO.

59, WEST BY

ROAD, NORTH BY

PRIVATE PROPERTY

NO. 84 AND

SOUTH BY PRIVATE

PROPERTY.

This property is

OWNED BY- SRI VK

RAMALINGEGOW

DA S/O-

KEMPAIAH,

1,08,00,000.0

0

10,80,000.0

0

ARMB (Banashankari

II Stage)

080 - 22950128/129

Mob :

9949563406/97032866

66

9

5 ARMB

M/s Nava

Karnataka

Steels Pvt Ltd

Directors : 1)Ankit

Kumar Bhuwalka

2) Ajay Kumar

Bhuwalka 3) Indira

Devi Bhuwalka 4)

Ruchika Bhuwalka

Guarantor : M/s

Mahesh Sponge

Iron and Power

Limited.

266603991200033

266603991200034

266603991500006

266603991000017

14,51,42,794.00

All that piece and

parcel of Property

Sy Nos : 149 A/1,

149/A/2, 149/A/3

part, 149/A/3 Part

& 150/A/1,

150/A/2, 151/A,

152/B totally

measuring 20.12

acres situated in

Belagallu Village,

Ballari Tq, Ballari Dt

Boundaries of Sy

No.149/A/2

measuring 4.50

acres :

East - Sy No.149/3

West : Sy No.148 &

138

North : Sy No

149/1

South : Land

belongs to

Barikara Yerrappa

Boundaries of Sy

No.149/A/1

measuring 2.47

acres:

East - Sy No

149/A/3

West - Sy No 148

North - Sy No

150/1

South - Sy No

149/A/2

Boundaries of Sy

No.149/A/3 part

measuring 5.03

1,69,04,000.0

0 16,90,400.00

ARMB

Mob : 9949563406

10

acres :

East - Remaning

Land of K

Shivashankarapa

in Sy No 149/a/3

Part

West - Sy No

149/A/1 and

149/A/2 , Lands of

belagallu Village

North - Sy No 150

South - Belagallu-

Thummatti Road

Boundaries of Sy

No 149/A/3 Part

measuring 1.06

acres :

East - Sy No.151

West - Sy No

149/A/3 Part

North - Sy No 150

South : Sy No 137

Boundaries of Sy

No.150/A/1 ,

150/A/2, 151/A,

152/B measuring

7.06 acres :

East - Sy No.151

West - Remaining

Land of Sy

No.149/A/3

North - Sy No.150

South - Sy No.137

This property is in

the name of M/s

Mahesh Sponge

Iron and Power

Limited.

11

6 ARMB

M/s Sri

Velapuri

Pharma, Sri

Velapuri

Agencies

Proprietor :

Sudhindra

CC -

188802000000220

40,01,208.00 +

interests and costs

thereon

1) Location :

All that piece and

parcel of

Residential vacant

property bearing

Site No.46 situated

at Khatha Janjar

No.31/17, Yelwala

Gramapanchayat

, Karakanahalli

Village, Yelwala

Hobli, Mysore

Taluk

Measurement :

East to West – 12

Mts

North to South –

(10.3+11)/2 Mts

Total Extent of the

Site – 127.8 Sq

Mtrs/1375 SqFt

Bounded by :

East – Site No.47

West – Site No.45

North – Road

South – Private

Land

2) Location :

All that piece and

parcel of

Residential Site

bearing No.103

situated in the

Layout known as

“Nagarjuna

Rotary Avenue”

formed out of Sy

1)Site No 46-

8,80,000.00

2) Site No.103 -

8,90,000.00

1)Site No 46-

88,000.00

2) Site

No.103 -

89,000.00

ARMB

(Kuvempunagar)

0821-2417188/189

/ 9949563406

12

No.59/2 of Udbur

Village, Jayapura

Hobli, Mysore

Taluk, Mysore

Measurement :

East to West –

(12+12)/2 Mtrs

North to South

(8.87+8)/2 Mtrs

Total Extent of the

Site – 101.22 Sq

Mtrs or 1089.53

SqFt

Bounded by :

East – Site No.102

West – 9.0 M Road

North – Site No.104

South – 9.0 M

Road

This property is

owned by

Sudhindra

13

7

Vignan

a

Nagar

M/s Solar

Marbles &

Granites

Proprietor : Mr V

Vinod Kumar

CC ETF -

160002000000090 34,67,486.39

All that piece

and parcel of

property

bearing Site

No.7 ,present V

P Khatha No

683/1066/7, old

Sy No.11,

Kannur Village,

Bidarahalli Hobli,

Bangalore East

Taluk, Bangalore

Measurements

:-

East to West :

40 feet

North to South :

60 feet

Total extant of

the Site : 2400

sq.ft

Boundaries :-

East by : Site

no 8,

West by : Site

No 6,

North by :

Road,

South by :

Private

27,00,000.00 2,70,000.0

0

Vignana Nagar Ph

: 080

22950164/165/166

Mob : 9486312709

14

property(factory

)

The property is

in the name of

Mr V Vinod

Kumar S/o J

Vincent

15

8 ARMB Palaniyappa

n L Palaniyappan L

HL-

'297403691400001 26,03,671.58

All that piece and

parcel of

residential

apartments , flat

no. T-99, 3rd floor,

SDR Castel New

No.3,

Khaneshumari/

House List

No.20,21 &22/10,

Municipal

No.3/10, PID

No.87-85-3/10, 3rd

cross, VST Road,

Sonnappa Layout,

Lingarajapuram

Village,Bangalore.

Measurement :

Super built up

area 1850 Sqft ,

UDS 425 Sqft

Boundaries :

East by - Road

West by -

Khaneshumari

No.23 North by -

Road

South by -

Khaneshumari

No.27,28 & 29

This property is in

the name of

Stephen Dilipraj

72,00,000.00 7,20,000.0

0

ARMB (Banashankari

II Stage)

080 - 22950128/129

Mob :

9949563406/97032866

66

Date and Time of Auction – 21.12.2019 between 12:00 Noon and 01:00 PM

16

Bid Increase Amount – Rs. 10,000/- Auto Extension of – 5 Minutes

Known Encumbrance if any – NIL

Inspection Date and Time - The property can be inspected on any working day between 10.00 am and 6.00 pm. Please contact

the Branches as mentioned above in this regard.

Submission of online application for Bid with EMD starts from : 01.12.2019

Last date for submitting bid – 20.12.2019 before 5.00 pm

Known Encumbrance if any – NIL

For Detailed terms and conditions please visit :

www.iob.in [https://www.iob.in/TenderDetails.aspx?Tendertype=E_Auction]

Service provider :

M/s Magicbricks Realty Services Ltd.

Auction portal URL : http://auctions.magicbricks.com

Email Ids : auction@magicbricks.com ; saumil.gupta@magicbricks.com ; divya.nirmal@magicbricks.com

Contact No.s : Mr Saumil Gupta @ 9999798524 ; Auction Helpline : 9212346000 ; Mr Divya Alok Nirmal @ 7426087190 https://ibapi.in

https://eprocure.gov.in

Date : 30.11.2019 Sd/-

Place : Bangalore Authorised Officer

Indian Overseas Bank

Note: This also may be treated as a Notice under Rule 8(6)/ Rule 9(1) of Security Interest (Enforcement) Rules, 2002 to the

borrower/s and guarantor/s of the said loan about holding of e-auction on the above mentioned date.

17

18

Details of Mega E-auction 21.12.2019

Terms and Conditions

1) The property will be sold by e-auction through the Bank’s approved

service providers as published in paper under the supervision of the

Authorised Officer of the Bank.

2) E-Auction bid document containing online E-Auction bid form,

declaration, general terms and conditions of online auction sale are

available in our service provider’s website.

3) Intending bidders shall hold a valid digital signature certificate and email

address and should register their name/account by login to the website of

the aforesaid service provider. They will be provided with user id and

password by the aforesaid service provider which should be used in the E-

Auction proceedings. For details with regard to the digital signature,

please contact the service provider as mentioned in the paper.

4) Bids in the prescribed formats shall be submitted “online” through the

portal of our respective service providers along with the EMD and

scanned copy of KYC documents including photo, PAN card & address

Date and Time of E –

uction

21.12.2019 between 12:00 Noon and 01:00 PM

with auto extension of 5 minutes each till sale is

completed

Submission of Online

application starts from

01.12.2019 onwards

Reserve Price & EMD Pls refer to Mega Sale Notice published in The

Deccan Herald & Prajavani on 01.12.2019

(1 % TDS on the highest bid Amount to be paid by the bidder separately)

EMD Remittance Deposit through EFT/NEFT/RTGS Transfer in favour

of “IOB Bangalore City Branch” to the credit of

Account No 001102000055555, Indian Overseas

Bank, Bangalore City Branch having Branch code

0011 IFS Code IOBA0000011

Bid Multiplier Rs 10,000/-

Known Encumbrance if

any

NIL

proof to the service provider and the Authorised Officer before 5.00 PM on

20.12.2019

5) The EMD and other deposits shall be remitted through EFT/NEFT/RTGS

transfer to the Bank account as specified in the paper publication and

the amount of EMD paid by the interested bidders shall carry no interest.

The amount of EMD paid by the successful bidder shall be adjusted

towards the sale price.

6) Bids without EMD shall be rejected summarily.

7) Online auction sale will start automatically on and at the time as

mentioned above. Auction / bidding will initially be for a period of 10

minutes with auto extension time of 5 minutes each till the sale is

concluded.

8) The property shall be sold to the successful bidder. The successful bidder

(purchaser) as declared by the Authorised Officer shall deposit 25% of the

sale price (inclusive of the EMD) immediately on the same day and not

later than the next working day. The balance amount of sale price shall

be paid within 15 days from the date of confirmation of auction sale.

Failure to remit the entire amount of sale price within the stipulated period

will result in forfeiture of deposit of 25% of the bid price to the secured

creditor and forfeiture of all claims over the property by the purchaser

and the property will be resold.

9) The sale certificate will be issued in the name of the purchaser only, after

payment of the entire sale price amount and other taxes/charges, if any.

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 Authorised Officer has the absolute right to accept or reject any bid

or postpone or cancel the sale, as the case may be without assigning any

reason whatsoever.

12) The property is being sold on “as is where is”, “as is what is” and

“whatever there is” basis. The Bank has disclosed only the known

encumbrances, statutory liabilities. If any, as above and it is for the

purchaser to make their own independent enquiries at their own costs

before participating in the auction.

13) As regards the statutory dues stated above, Bank dues will have priority

over statutory dues. Without prejudice to the above, Statutory liability, if

any, shall be borne by the purchaser and the Bank assumes no

responsibility in this regard.

14) Sale is subject to confirmation by the secured creditor.

15) EMD of unsuccessful bidders will be returned through EFT/ NEFT/ RTGS

transfer to the Bank account details provided by them in the bid form and

intimated via their e-mail id.

16) The E-Auction advertisement does not constitute and will not be deemed

to constitute any commitment or any representation by the Bank. The

Authorised Officer/ Secured Creditor shall not be responsible in any way

for any third party claims/ rights/ dues.

17) * In compliance with Section 194 IA of the Income Tax Act, 1961 income

tax @1% on the Reserve Price shall be deducted and paid under the PAN

Number of the Purchaser. Hence, the Successful bidder has to pay 1% of

Income Tax on the bid amount separately.

**In case of any sale / transfer of immovable property of Rupees Fifty Lacs

and above, the transferee has to pay an amount equal to 1% of the

consideration as Income Tax.

For further details regarding inspection of property / e-auction, the intending

bidders may contact the respective Branch Managers & Service providers as

published in the paper.

Sd/-

FOR INDIAN OVERSEAS BANK

AUTHORISED OFFICER