Canara Bank, Main, Hosur BO

CANARA BANK; HOSUR MAIN BRANCH COVERING LETTER TO SALE NOTICE Ref: SN/DHANYSHREE/08.08.2019 Date: 08.08.2019 To M/s Dhanayashree Precision Pvt. Ltd. (Borrower) C-10, SIDCO Industrial Estate Phase -1, SIPCOT Hosur - 635109(TN). Ms Bhawani N W/O Mr Ramesh A Director,& (Mortgator) M/s. Dhanya Shree Precision No. 234, Sadashiv Naager, Anekal Road Post –Attebelle, Bangalore-107. Mr N Naveen S/o Mr P Nanjundappa Director & (Mortgator) M/s. Dhanya Shree Precision No. 234, Sadashiv Naager, Anekal Road Post –Attebelle, Bangalore-107. Mr A Ramesh (Guarantor) & (Mortgator), No. 234, Sadashiv Naager, Anekal Road, Post –Attebelle, Bangalore-107. Dear Sir, Sub: Notice under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Rule 8(6) of the Security Interest (Enforcement) Rules, 20021. ******************** As you are aware, I on behalf of Canara Bank, HOSUR MAIN branch have taken possession of the assets described in Schedule of Sale Notice annexed hereto in terms of Section 13(4) of the subject Act in connection with outstanding dues payable by you to our HOSUR MAIN Branch of Canara Bank. The undersigned proposes to sell the assets more fully described in the Schedule of Sale Notice. Hence, in terms of the provisions of the subject Act and Rules made thereunder, I am herewith sending the Sale Notice containing terms and conditions of the sale. This is without prejudice to any other rights available to the Bank under the subject Act/ or any other law in force. Yours faithfully, Authorised Officer, Canara Bank ENCLOSURE – SALE NOTICE CANARA BANK (A GOVERNMENT OF INDIA UNDERTAKING) SALE NOTICE 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 Hosur Main Branch of the Canara Bank., will be sold on “As is where is”, “As is what is”, and “ Whatever there is” on 19.09.2019 for recovery of Rs.17,57,27,223.76 (Rupees Seventeen Crores Fifty Seven Lakhs Twenty Seven Thousand Two Hundred Twenty Three and Paisa Seventy Six Only) due to the Hosur Main Branch of Canara Bank from M/s Dhanayashree Precision Pvt. Ltd. Ms Bhawani N,W/O Mr Ramesh A, Director,& (Mortgator),No. 234, Sadashiv Naager, Anekal Road,Post –Attebelle, Bangalore- 107, Mr N Naveen, S/o Mr. P. Nanjundappa, , Mr A Ramesh(Guarantor) & (Mortgator), Item 1: The reserve price will be Rs.26, 14,000/-(Rupees Twenty Six Lakhs Fourteen Thousand Only) and the earnest money deposit will be Rs.2, 62,000/-(Two Lakhs Sixty Two Thousand Only). Item 2: The reserve price will be Rs.1, 22, 14,000/-(Rupees One Crore Twenty Two Lakhs Fourteen Thousand Only) and the earnest money deposit will be Rs.12, 22,000/-(Tweleve Lakhs Twenty Two Thousand Only). Item 3: The reserve price will be Rs.18, 53,000/-(Rupees Eighteen Lakhs Fifty Three Thousand Only) and the earnest money deposit will be Rs.1, 86,000/-(One lakh Eighty Six Thousand Only). Item 4: The reserve price will be Rs.72, 74,000/-(Rupees Seventy Two Lakhs Seventy Four Thousand Only) and the earnest money deposit will be Rs.7, 28,000 /-(Seventy Eight Thousand Only). Item 5: The reserve price will be Rs.5, 60, 00,000/-(Rupees Five Crores Sixty Lakhs Only) and the earnest money deposit will be Rs.56, 00,000 /-(Fifty Six Lakhs Only). Item 6: The reserve price will be Rs.98, 01,000/-(Rupees Ninety Eight Lakhs One Thousand Only) and the earnest money deposit will be Rs.9, 81,000 /-(Nine Lakhs Eighty One Thousand Only). The Earnest Money Deposi