E-Auction Sale Notice

Varthana logo

M/s. S.K. Public School

Thirumeni Finance Private Limited,
Registered Office: No. 5BC-110, Varasiddhi. Outer Ring Road, Service Road, 3rd Block, HRBR Layout, Kalyan Nagar, Bangalore-560043. Website www.varthana.com, Email: info@varthana.com, Phone: 080-68455777, Branch Office: No. 5BC-110, Varasiddhi. Outer Ring Road, Service Road, 3rd Block, HRBR Layout, Kalyan Nagar, Bangalore-560043. Cell No.9742627666.
______________________________________________________________________________
PUBLIC NOTICE FOR E–AUCTION FOR SALE OF IMMOVABLE PROPERTIES
Immovable properties for Sale on “As is Where is”, “As is what is”, and “Whatever there is” basis, whereas the Authored Officer of the Company has taken constructive possession of below mentioned properties under Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002, read with Rule 8(6) of Security Interest (Enforcement) Rule, 2002.
________________________________________________________________________________
Name Of The Borrower/Guarantor:: 1) M/s. S.K. Public School, 2) M/s. Sree Karibasaveshwara Educational And Rural Development Trust, 3) Shri. Ajjappa. B. S/o. Bistappa, 4) Mrs. Shantha Patil, W/o. Ajjappa
_______________________________________________________________________________
Details of Outstanding Amount in Rupees:: Rs.2,01,61,704/- (Rupees Two Crore One Lakh Sixty One Thousand Seven Hundred and Four Only) as on 20.10.2020, together with future interest from 21.10.2020, at contractual rate plus legal costs/ charges
________________________________________________________________________________
1. Details of Property: Schedule “A”: All that piece and parcel of the Property bearing Site No.485 & No.486, Khatha No.22/1, Shrikaripalya Main Road, Maragondanahalli Village, Electronic City, Jigani Hobali, Anekal Taluk, Bangalore Urban District- 560100, Land measuring 3,200 Sq Ft, Property bounded on: East By Property No. 508 &509, North By Road, West By Road, South By Property No.484. The reserve price will be Rs. 96,00,000/- and the earnest money deposit will be (EMD) Rs. 9,60,000/- (10% of the Reserve price)
Known encumbrances, if any: Nil
________________________________________________________________________________
2. Details of Property: Schedule “B”: All that piece and parcel of the Property bearing residential vacant Site No 508, Khata No.22/1, Shrikaripalya Main Road, Margondanahalli Village, Electronic City, Jigani Hobali, Anekal Taluk, Bangalore Urban District – 560100, Land measuring 2000 Sq Ft, Property bounded on: East By Road, North By Road, West By Property No.486, South By Property No.509 & 510.
The reserve price will be Rs.60,00,000/- and the earnest money deposit will be (EMD) Rs.6,00,000/- (10% of the Reserve price)
Known encumbrances, if any: Nil
________________________________________________________________________________
3. Details of Property: Schedule “C”: All that piece and parcel of the Property bearing Site No.509 & 510, Khata No.22/1, Shrikaripalya Main Road, Margondanahalli Village, Electronic City, Jigani Hobali, Anekal Taluk, Bangalore Urban District- 560100, Land measuring 2400 Sq Ft, Property bounded on: East By Road, North By Property No.508, West By Property No.484 & 485, South By Property No.511.
The reserve price will be Rs. 72,00,000/- and the earnest money deposit will be (EMD) Rs. 7,20,000/- (10% of the Reserve price)
Known encumbrances, if any: Nil
________________________________________________________________________________
Date & Time Of Inspection ::
23.11.2020 from 11.00 a.m. to 3.00 p.m. NOTE:- Interested Buyers should come personally with KYC or depute an authorized person with authority letter and KYC
________________________________________________________________________________
Date & Time of E-Auction of the properties::
02.12.2020 (Wednesday) between 11.00 a.m to 3.00 p.m
________________________________________________________________________________
Please refer below for the terms and conditions of the sale or visit www.varthana.com
The auction will be online e-auction through website i.e www.auctiontigers.com on 02.12.2020 (Wednesday) between 11.00 a.m to 3.00 p.m

Terms and Conditions Sale :

  1. Sale is strictly subject to the terms & conditions incorporated in this notice. Further details of the property can be obtained from the company’s Bangalore branch office.
  2. Intending bidders should submit their EMD amount along with KYC documents (PAN Card and Aadhaar/Voters ID/Driving Licence) and Rs. 1,000/- being Non-refundable Tender fee at the Bangalore Office, Bangalore at the above address, by way of Demand Draft/Pay Order drawn on a Scheduled Bank, favouring “Thirumeni Finance Private Limited”, payable at Bangalore before 3.00 p.m. on or before 01.12.2020.
  3. The interested bidders who require assistance in creating Login ID & Password, Training/ Demonstration on Online Inter-se Bidding etc., may contact M/s. E-Procurement Technologies Limited, Regd. A-801, Wall Street – II, Opp. Orient Club, Nr. Gujarat College, Ellisbridge, Ahmedabad – 380006, Gujarat and Help Line No. Direct:079 61200515, Mobile: 972 277 8828 praveen.thevar@Auctiontiger.net and for any property related query may contact the Authorised Officer of the Company office at, Bangalore at the above-mentioned address and Phone number on any working day.
  4. Only buyers holding valid User ID/ Password after going through the Registering Process (One time) and generating User ID & Password on their own and confirmed payment of EMD through Demand Draft in favour of “Thirumeni Finance Private Limited Bangalore” shall be eligible for participating the e-Auction Process, subject to due verification (of the documents) and/ or approval of the Authorized Officer.
  5. During the Online Inter-se Bidding, Bidder can improve their Bid Amount as per the ‘Bid Increase Amount’ (Rs.1,00,000/-) or its multiple and in case bid is placed during the last 5 minutes of the closing time of the e-Auction for each property, the closing time will automatically get extended for 5 minutes (each time till the closure of e-Auction process), otherwise, it’ll automatically get closed. The bidder who submits the highest bid amount (above the Reserve Price) on the closure of the e-Auction Process shall be declared as a Successful Bidder by the Authorized Officer/ Secured Creditor, after required verification.
  6. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded. The Earnest Money Deposit shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price, adjusting the EMD already paid, within next working day after the acceptance of bid price by the Authorized Officer and the balance 75% of the sale price on or before 15th day of Sale or within such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. In case of default in payment by the successful bidder, the amount already deposited by the offer shall be liable to be forfeited and property shall be put to re-auction and the defaulting borrower shall have no claim/ right in respect of property/ amount.
  7. The prospective qualified bidders may avail online training on e-Auction from M/s. E-Procurement Technologies Limited prior to the date of e-Auction. Neither the Authorised Officer/Bank nor M/s. e-Procurement Technologies Limited, Ahmedabad, shall be liable for any Internet Network problem and the interested bidders to ensure that they are technically well equipped for participating in the e-Auction event.
  8. The purchaser shall bear the applicable stamp duties/ additional stamp duty/ registration charges, fee etc., and also all the statutory/ non-statutory dues/ liabilities, taxes, rates, assessment charges, fees etc. owing to anybody.
  9. Prospective bidders are advised to make their own enquiries & satisfy themselves with regard to title, encumbrance, measurement and any dues/taxes payable in respect of the scheduled properties.
  10. The arrears of tax/maintenance/ any other dues payable if any in respect of the schedule properties will have to be borne by the successful bidder.
  11. The Company it’s right to accept or reject any or all offers without assigning any reason(s) and in case all the offers are rejected, either to hold negotiations with any of the tenderers/ bidders or to sell the properties through private negotiations with any of the tenderer/ bidders or other party/parties.
  12. The bidders are advised to go through the detailed Terms & Conditions of e-Auction Process available on the Web Portal of M/s. E-Procurement Technologies Limited https://sarfaesi.auctiontiger.net before submitting their bids and taking part in the e-Auction.
  13. As per Section 194 of Income Tax Act (as amended time to time), if the sale price of the property sold is above 50 Lakhs then the buyer will have to pay appropriate TDS to the Government treasury and the TDS certificate has to be deposited in the Company.
  14. The Sale Certificate shall be issued after receipt of the entire sale consideration and confirmation of sale by secured creditor. The Sale Certificate shall be issued in the name of the successful bidder. No request for change of name in the Sale Certificate other than the person who submitted the bid/participated in the e-Auction will be entertained.
  15. Special Instructions: Bidding in the last moment should be avoided. Neither the Company nor Service provider will be responsible for any technical lapse/ power or internet failure etc. in order to avoid such contingent situations bidders are requested to ensure that they are technically well equipped and has all alternatives such as power supply back-up etc., so that they are able to circumvent such situation and are able to participate in the Online Inter-se Bidding, successfully.
  16. The Borrowers/ Mortgagors are hereby put to notice in terms of Rule 6(2) and Rule 8(6) of Security Interest (Enforcement) Rules, 2002 that the Secured/aforementioned Assets would be sold in accordance with this notice in case the amount outstanding as per the demand notice with update interest plus legal expenses, cost and charges is not fully repaid.
  17. The Borrower’s /Mortgagor’s attention is invited to provisions of Subsection (8) of Section 13 of the Act in respect of time available to redeem the secured assets.
  18. In case of stay of further proceedings by DRT/High Court or any other Court, the auction may either be deferred or cancelled and persons participating in the sale shall have no right to claim damages, compensation or cost for such postponement or cancellation.
  19.  The title deeds and other documents related to the property and deposited with The Thirumeni Finance Private Ltd, for creation of Mortgage shall be delivered to the Successful bidder/Auction Purchaser, at the time on execution of the Sale Certificate.

Place: Bangalore                                                                                                                          For Thirumeni Finance Private Ltd.
Date: 21.10.2020                                                                                                                                        Authorised Officer

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Varthana logo

M/s. St. Johns Public School

Thirumeni Finance Private Limited,
Registered Office: No. 5BC-110, Varasiddhi. Outer Ring Road, Service Road, 3rd Block, HRBR Layout, Kalyan Nagar, Bangalore-560043. Website www.varthana.com, Email: info@varthana.com, Phone: 080-68455777, Branch Office: No. 5BC-110, Varasiddhi. Outer Ring Road, Service Road, 3rd Block, HRBR Layout, Kalyan Nagar, Bangalore-560043. Cell No.9742627666.

PUBLIC NOTICE FOR E – AUCTION FOR SALE IMMOVABLE PROPERTIES

E-Auction Sale Notice for Sale of Immovable Asset under the Securitisation and Reconstruction of Financial Assets & Enforcement of
Security Interest Act, 2002, read with Rule 8(6) of Security Interest (Enforcement) Rule, 2002. Notice is here by given to the public in
general and in particular to the Borrower(s) and Mortgagor(s) that the below described immovable property mortgaged / charged to the
Secured Creditor, possession of which has been taken by the Authorised Officer of Thirumeni Finance Private Ltd, Chennai, Secured
Creditor will be sold on 23.12.2020, “As is Where is”, “As is what is”, and “Whatever there is” basis, for recovery of below mentioned loan
account. The details of the Borrower(s)/ Mortgagor(s) Secured Assets/ Dues/ Reserve Price/ E-Auction date & time, EMD & Bid increase
amount are mentioned below :
_____________________________________________________________________________
Name Of The Borrower/Guarantor :: 1). M/s. St Johns Public School, 2). M/s. St. Johns Rajakumar Education And Research
Trust, 3).M/s. St Johns Educational Trust, 4).Kishore Kumar, S/o Rajakumar, and 5). Caroline, W/o. Kishore Kumar.
_____________________________________________________________________________
Details of Total Outstanding Amount in Rupees :: Rs.4,88,88,507/-(Rupees Four Crore Eighty Eight Lakh Eighty Eight
Thousand Five Hundred Seven Only) as per Arbitration Award dated : 29.02.2020, together with further interest at 18% p.a,
plus legal costs/ charges, till realisation of entire amount.
_____________________________________________________________________________
Details of Immovable Property : All that piece and parcel of Immovable Vacant Property bearing Old Survey No.371/1 and New
Survey No. 371/3 in Palanjur (Mevalurkuppam B) Village, Sriperumbudur Taluk, Kanchipuram District, Admeasuring 83 Cents,
Property bounded on ; East By : Palanjur Village Road, South by : Lands belonging to St. Johns Educational Trust. West By :
Lands belonging to St. Johns Educational Trust.
North By : Bangalore National Highway.
_______________________________________________________________________________________________________
1). The Reserve Price will be :Rs.5,77,00,500/-, 2). Earnest Money Deposit will be (EMD): Rs. 57,70,050/-, 3). Bid Increase Amount
Rs.1,00,000/- & 4).Last date of receipt EMD Amount : 22.12.2020
_____________________________________________________________________________
Known encumbrances, if any : Nil.
_____________________________________________________________________________
Date & Time Of Inspection ::
14.12.2020 from 11.00 a.m. to 3.00 p.m. NOTE:- Interested Buyers should come personally with KYC or depute an authorized person with
authority letter and KYC
_____________________________________________________________________________
Date & Time of E -Auction of the properties ::
23.12.2020 (Wednesday) between 11.00 a.m to 3.00 p.m.
_____________________________________________________________________________
The prospective bidders may contact the Authorised Officer Cell No. 8608866429
For terms and conditions of the Sale, please visit Companies website i.e. : www.varthana.com
The auction will be online e-auction through website i.e www.auctiontigers.com on 23.12.2020 (Wednesday) between 11.00 a.m to
3.00 p.m.

Terms and Conditions Sale :

1. Sale is strictly subject to the terms & conditions incorporated in this notice. Further details of the property can be obtained from Company’s Chennai branch office.
2. Intending bidders should submit their EMD amount along with KYC documents (PAN Card and Aadhaar/Voters ID/Driving Licence) and Rs. 1,000/- being Non-refundable Tender fee at the Chennai Office, Chennai at the above address, by way of Demand Draft/ Pay Order drawn on a Scheduled Bank, favouring “Thirumeni Finance Private Limited”, payable at Chennai before 3.00 p.m. on or before
22.12.2020.

3. The interested bidders who require assistance in creating Login ID & Password, Training/ Demonstration on Online Inter-se Bidding etc., may contact M/s. E-Procurement Technologies Limited, Regd. A-801, Wall Street – II, Opp. Orient Club, Nr. Gujarat College,
Ellisbridge, Ahmedabad – 380006, Gujarat and Help Line No. Direct :079 61200515, Mobile : 972 277 8828 praveen.thevar@Auctiontiger.net and for any property related query may contact Authorised Officer of the Company office at, Bangalore at the above mentioned address and Phone number on any working day.

4. Only buyers holding valid User ID/ Password after going through the Registering Process (One time) and generating User ID & Password on their own and confirmed payment of EMD through Demand Draft in favour of “Thirumeni Finance Private Limited Bangalore” shall be eligible for participating the e-Auction Process, subject to due verification (of the documents) and/ or approval of the Authorized Officer.

5. During the Online Inter-se Bidding, Bidder can improve their Bid Amount as per the ‘Bid Increase Amount’ (Rs.1,00,000/-) or its multiple and in case bid is placed during the last 5 minutes of the closing time of the e-Auction for each property, the closing time will automatically get extended for 5 minutes (each time till the closure of e-Auction process), otherwise, it’ll automatically get closed. The bidder who submits the highest bid amount (above the Reserve Price) on the closure of the e-Auction Process shall be declared as a Successful Bidder by the Authorized Officer/ Secured Creditor, after required verification.

6. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded. The Earnest Money Deposit shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price, adjusting the EMD already paid, within next working day after the acceptance of bid price by the Authorized Officer and the balance 75% of the sale price on or before 15th day of Sale or within such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. In case of default in payment by the successful bidder, the amount already deposited by the offer shall be liable to be forfeited and property shall be put to re-auction and the defaulting borrower shall have no claim/ right in respect of property/ amount.

7. The prospective qualified bidders may avail online training on e-Auction from M/s. E- Procurement Technologies Limited prior to the date of e-Auction. Neither the Authorised Officer/Bank nor M/s. e-Procurement Technologies Limited, Ahmedabad, shall be liable for any
Internet Network problem and the interested bidders to ensure that they are technically well equipped for participating in the e-Auction event.

8. The purchaser shall bear the applicable stamp duties/ additional stamp duty/ registration charges, fee etc., and also all the statutory/ non-statutory dues/ liabilities, taxes, rates, assessment charges, fees etc. owing to anybody.

9. Prospective bidders are advised to make their own enquires & satisfy themselves with regard to title, encumbrance, measurement and any dues/taxes payable in respect of the scheduled properties.

10. The arrears of tax/maintenance/ any other dues payable if any in respect of the schedule properties will have to be borne by the successful bidder.

11. The Company it’s right to accept or reject any or all offers without assigning any reason(s) and in case all the offers are rejected, either to hold negotiations with any of the tenderers/ bidders or to sell the properties through private negotiations with any of the tenderer/ bidders or other party/parties.

12. The bidders are advised to go through the detailed Terms & Conditions of e-Auction Process available on the Web Portal of M/s. E-
Procurement Technologies Limited https://sarfaesi.auctiontiger.net before submitting their bids and taking part in the e-Auction.

13. As per Section 194 of Income Tax Act (as amended time to time), if sale price of the property sold is above 50 Lakhs then buyer will
have to pay appropriate TDS to the Government treasury and the TDS certificate has to be deposited in the Company.

14. The Sale Certificate shall be issued after receipt of entire sale consideration and confirmation of sale by secured creditor. The Sale
Certificate shall be issued in the name of the successful bidder. No request for change of name in the Sale Certificate other than the person
who submitted the bid/participated in the e-Auction will be entertained.

15. Special Instructions: Bidding in the last moment should be avoided. Neither the Company nor Service provider will be responsible for
any technical lapse/ power or internet failure etc. in order to avoid such contingent situations bidders are requested to ensure that they are technically well equipped and has all alternatives such as power supply back-up etc., so that they are able to circumvent such situation and are able to participate in the Online Inter-se Bidding, successfully.

16. The Borrowers/ Mortgagors are hereby put to notice in terms of Rule 6(2) and Rule 8(6) of Security Interest (Enforcement) Rules, 2002 that the Secured/aforementioned Assets would be sold in accordance with this notice in case the amount outstanding as per the demand notice with update interest plus legal expenses, cost and charges is not fully repaid.

17. The Borrower’s /Mortgagor’s attention is invited to provisions of Subsection (8) of Section 13 of the Act in respect of time available to
redeem the secured assets.

18. In case of stay of further proceedings by DRT/High Court or any other Court, the auction may either be deferred or cancelled and persons participating in the sale shall have no right to claim damages, compensation or cost for such postponement or cancellation.

19. The title deeds and other documents related to the property and deposited with The Thirumeni Finance Private Ltd, for creation of
Mortgage shall be delivered to the Successful bidder/Auction Purchaser, at the time on execution of the Sale Certificate.

Date :: 18.11.2020.                                                                                                      For Thirumeni Finance Private Ltd.
Place :: Chennai.                                                                                                                          Authorised Officer