Canara Bank Tender

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Sale Of Property By Canara Bank, Armb-chennai V/s. M/s. Devaraj Agro Industries Pvt Ltd.

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7 DAY

2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:cb2361@canarabank.com Website: www.canarabank.com (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH Ref : ARME-AUCTION/DEVARAJ AGRO/72/2020 - 21 Date : 16/10/2020 To M/s Devaraj Agro Industries Pvt Ltd, 9 B, M Block, III Avenue, Anna Nagar Chennai -600 102 Shri.D.Chandrasekar, S/o Devaraj, No.1, Senthil Swamy Street, Nandavana Mettur Avadi, Chennai - 600 071 Smt.Subbamma, W/o Devaraj No.1, Senthil Swamy Street, Nandavana Mettur Avadi, Chennai - 600 07 Shri.K.Devaraj, S/o Kuppuswamy No.1, Senthil Swamy Street, Nandavana Mettur Avadi, Chennai - 600 07 Dr.G Sheela, W/o D.Chandrasekar No.1, Senthil Swamy Street, Nandavana Mettur Avadi, Chennai - 600 07 Sir / Madam, 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, 2002 As you are aware, the Authorized Officer, Canara Bank, Hi -Tech Agriculture Finance Branch, had taken possession of the assets described in the Sale Notice annexed hereto in terms of Section 13(4) of the subject Act in connection with outstanding dues payable by you to them. The account has since been transferred to Asset Recovery Management Branch, Chennai and the undersigned proposes to sell the assets (through e-auction) more fully described in the Sale Notice. Hence in terms of the provisions of the subject Act and Rules made thereunder, I am herewith sending the Sale Notice (e-auction notice) containing terms and conditions of the sale. 2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:cb2361@canarabank.com Website: www.canarabank.com 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 2nd FLOOR, CIRCLE OFFICE BUILDING, 563/1 ANNA SALAI, TEYNAMPET, CHENNAI 600 018 Tel.No.2433 9160, 2435 0042. E-MAIL:cb2361@canarabank.com Website: www.canarabank.com (A GOVERNMENT OF INDIA UNDERTAKING) ASSET RECOVERY MANAGEMENT BRANCH SALE NOTICE E-Auction Sale Notice for Sale of Immovable Properties 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 Borrowers and Guarantors that the below described immovable property mortgaged / charged to the Secured Creditor, the symbolic / constructive possession of which has been taken by the Authorised Officer of Hi -Tech Agriculture Finance Branch of the Canara Bank, will be sold on “As is where is”, “As is what is”, and “Whatever there is” on 30/11/2020, (Time 10:30 A.M. to 11:30 A.M.) for recovery of Rs.25,06,23,005.93/- due as on 30/09/2020 to the Asset Recovery Management Branch of Canara Bank from M/s Devaraj Agro Industries Pvt Ltd, Shri.D.Chandrasekar, Smt.Subbamma, Shri.K.Devaraj and Dr.G.Sheela The Reserve Price will be: Rs.7,24,20,000/- (Rupees Seven Crore Twenty Four Lakhs Twenty Thousand Only) The Earnest Money Deposit will be: Rs.72,42,000/- (Rupees Seventy Two Lakhs Forty Two Thousand Only) The Earnest Money Deposit shall be deposited on or before 26/11/2020 by 5.00 PM. Details of Property: Property in the name of M/s Devaraj Agro Industries Pvt Ltd. All that piece and parcel of the immovable property being Industrial Plot measuring an extent of 0.99 acres, together with building standing thereon comprised in S.No.156 part Vellanur Village, Ambattur Taluk, Thiruvallur District within the Sub-Registration

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