STATE BANK OF INDIA

Stressed Assets Management Branch

Authorised Official’s Details: “Red cross Buildings”
Name: Smt. K. Prabha 32, Redcross Road,
Mobile No: 7338802929 Egmore, Chennai-8.
Land Line No: 044-2888 1029 Phone No: 044-2888 1007
E-mail ID: [email protected]

APPENDIX- IV-A
[See Proviso to Rule 8(6)]
Date: 02.12.2022

SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES

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 properties mortgaged to the Secured
Creditor, the constructive / symbolic possession of which has been taken by the Authorised
Officer of State Bank of India, being the Secured Creditor, will be sold on “Äs is where is”, “As
is what is “, and “Whatever there is” basis on 26.12.2022 for recovery of Rs.5,27,65,859.62 as
on 01.12.2022 (Rupees Five crore twenty seven lakh sixty five thousand eight hundred
fifty nine and paise sixty two only) with future interest and costs due to the State Bank of
India, Stressed Assets Management Branch, Chennai from the Borrower(s) and the
Guarantor(s) as mentioned below:

Name of the Borrower

(1) Shri. S.Senthil Kumar (2) Shri. S. Senthilkumar
No.99, Annal Gandhi Street, Kumaran Nagar, No 2, 4th floor, Ishana Apartments, Jayam
Chennai - 600082 Gardens, J.N. Road, Chennai – 600 099
Name of the Guarantor and residential
address
(1)Shri. S. Senthil Kumar
8/1, Nowroji Street, Chetpet, Chennai - 600031

The Reserve Price & Earnest Money Deposit will be:

The Reserve Price Earnest Money Deposit
(1) Rs.2,74,00,000/- (1) Rs. 27,40,000/-
(2) Rs.2,74,00,000/- (2) Rs. 27,40,000/-

Names of Title Deed Holder Shri. S. Senthil Kumar

Description of property Properties Belonging to Shri. S.Senthilkumar

(1) PROPERTY ID : SBINSENTHIL01 (Symbolic Possession only)

SCHEDULE - A
Item – 1
All that land and building at inner Ring Road, Kolathur, Chennai
– 600 099 comprised in S.No.1414/3A part, as per Patta S.No.
1414/3A2, T.S.No 72/2, Block No.46 and Ward-D of
Madhavaram Village, Madhavaram Taluk, Thiruvallur District,
measuring 31 cents or 13516 sq.feet and bounded on the
North by: Land belongs to Mrs. Savithiri and remaining lands in
S.No. 1414/3A
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South by: Land belongs to Mr.P Velpandian.
East by: Item -2 Property
West by: Lake Bund in S.no. 1420.

Item No – 2
All that land and building at inner Ring Road, Kolathur, Chennai
600099 comprised in S.No. 1414/3A and S.no.1414/5A, as per
Patta S.No 1414/3A3 & 5A1, T.S.No.72/3, Block No.46 and
Ward-D of Madhavaram Village, Madhavaram Taluk, Thiruvallur
District measuring 39 cents or 17004 sq.ft and bounded on the
North by: Land belongs to Mrs. Savithri
South by: Land belongs to Mr.P Velpandian.
East by: 200 feet Inner Ring Road
West by: Item – 1 Property
Item – 1 and Item – 2 totally admeasuring 30,520 sq.feet.
SCHEDULE - B
All that 1609 Sq. Feet of undivided share of land in the Schedule
–A mentioned property
SCHEDULE - C
All that shop portions being
S.NO BLOCK FLOO UNIT UDS SUPER
R NO NO BUILT UP
AREA
1 A 3rd A1 670 2228
Floor
2 A 3rd A2 424 1338
Floor
3 A 3rd A3 515 1855
Floor
TOTAL 1609 5421
In Ishana Apartments, totally admeasuring 5421 sq ft super built
up area, together with 1609 sq. feet of undivided share of land in
Schedule A mentioned property, The details relating to amenities
including car parking have to be ascertained by the bidders from
the flat owners associations.

(2) PROPERTY ID : SBINSENTHIL02 (Symbolic Possession

only)
SCHEDULE - A
Item – 1
All that land and building at inner Ring Road, Kolathur, Chennai
– 600 099 comprised in S.No.1414/3A part, as per Patta S.No.
1414/3A2, T.S.No 72/2, Block No.46 and Ward-D of
Madhavaram Village, Madhavaram Taluk, Thiruvallur District,
measuring 31 cents or 13516 sq.feet and bounded on the
North by: Land belongs to Mrs. Savithiri and remaining lands in
S.No. 1414/3A
South by: Land belongs to Mr.P Velpandian.
East by: Item -2 Property

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 West by: Lake Bund in S.no. 1420.
Item No – 2
All that land and building at inner Ring Road, Kolathur, Chennai
600099 comprised in S.No. 1414/3A and S.no.1414/5A, as per
Patta S.No 1414/3A3 & 5A1, T.S.No.72/3, Block No.46 and
Ward-D of Madhavaram Village, Madhavaram Taluk, Thiruvallur
District measuring 39 cents or 17004 sq.ft and bounded on the
North by: Land belongs to Mrs. Savithri
South by: Land belongs to Mr.P Velpandian.
East by: 200 feet Inner Ring Road
West by: Item – 1 Property
Item – 1 and Item – 2 totally admeasuring 30,520 sq.feet.
SCHEDULE - B
All that 1609 Sq. Feet of undivided share of land in the Schedule
–A mentioned property
SCHEDULE - C
All that shop portions being
S.NO BLOCK FLOO UNIT UDS SUPER
R NO NO BUILT UP
AREA
1 A 4th A1 670 2228
Floor
2 A 4th A2 424 1338
Floor
3 A 4th A3 515 1855
Floor
TOTAL 1609 5421
In Ishana Apartments, totally admeasuring 5421 sq ft super built
up area, together with 1609 sq. feet of undivided share of land in
Schedule A mentioned property, The details relating to amenities
including car parking have to be ascertain by the bidders from
the flat owners associations.

A single sale deed covers 6 flats situated in 3rd floor and 4th floor
which are now being sold floor wise and hence parent title deed
will be handed over to the last purchaser and the said fact will be
mentioned in both the sale certificates that will be executed by
the authorized officer in favour of the respective successful
bidders. The last purchaser to whom the said original title deeds
are given, should permit the other purchaser to peruse the
original sale deed in case of need.
(Covered under DOC No: 4143 /2014 dated 18.07.2014).

The auction will be conducted online only, through the web portal
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp. The bidder registration should
be completed by bidder well in advance, before e –auction date as the process takes
minimum of two to three working days.

For detailed terms and conditions of the sale, please refer to the link provided in the State
Bank of India, the Secured Creditor’s website www.sbi.co.in and
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp

Place: Chennai Asst General Manager & Authorised Officer

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Date: 02.12.2022 State Bank of India
Stressed Assets Management Branch, Chennai

THE TERMS AND CONDITIONS OF SALE TO BE UPLOADED ON THE WEBSITE OF THE

SECURED CREDITOR.

Property will be sold on ‘AS IS WHERE IS, AS IS WHAT IS AND WHATEVER THERE IS”
Basis
1 Name and address of (1) Shri. S.Senthil Kumar
the Borrower No.99, Annal Gandhi Street, Kumaran Nagar, Chennai -
600082

And at
(2) Shri. S. Senthilkumar
No 2, 4th floor, Ishana Apartments, Jayam Gardens, J.N. Road,
Chennai – 600 099

2 Name and address of State Bank of India, Stressed Assets Management Branch,
Branch, the secured “Red cross Buildings”, 32, Red cross Road,
creditor Egmore, Chennai-8.
Phone No: 044-2888 1007
E-mail ID: [email protected]
3 Description of the As mentioned in the Sale Notice
immovable secured
assets to be sold.
4 Details of the NIL
encumbrances known to
the secured creditor.
5 The secured debt for Rs.5,27,65,859.62 as on 01.12.2022 (Rupees Five crore
recovery of which the twenty seven lakh sixty five thousand eight hundred fifty
property is to be sold nine and paise sixty two only) plus subsequent interest,
expenses and cost.

6 Deposit of earnest (1) Rs. 27,40,000/-

money (EMD) (2) Rs. 27,40,000/-
(10% of Reserve Price) Being the 10% of Reserve price to be transferred / deposited
by bidders in his / her/ their own Wallet provided by M/s.
MSTC Ltd on its e-auction site
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp
by means of NEFT.
7 (i) Reserve price of the (i) (1) Rs. 2,74,00,000/- & (2) Rs 2,74,00,000/-
immovable secured
assets:
(ii) Bidders own wallet Registered with M/s MSTC Ltd on its e-
(ii) Bank account in auction site
which EMD to be https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp
remitted. by means of NEFT.

(iii) Last Date and (iii) Date: 23.12.2022 and Time : 4:00 pm
Time within which
EMD to be remitted

8 Time and manner of The successful bidder shall deposit 25% of sale price, after
payment adjusting the EMD already paid, immediately, i.e. on the same
day or not later than next working day, as the case may be,
after the acceptance of the offer by the Authorized Officer,
failing which the earnest money deposited by the bidder shall
be forfeited. The Balance 75% of the sale price is payable on
or before the 15th day of confirmation of sale of the secured
asset or such extended period as may be agreed upon in
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 writing between the Secured Creditor and the e-Auction
purchaser not exceeding three months from the date of e-
Auction.
9 Time and place of public Date: 26.12.2022
e-Auction or time after Between 11.00 A.M to 04.00 P.M. With unlimited extensions of
which sale by any other 10 minutes each.
mode shall be
completed.
10 The e-Auction will be M/s. MSTC Ltd at the web portal
conducted through the https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp
Bank’s approved service
provider.
e-Auction tender
documents containing e-
Auction bid form,
declaration etc., are
available in the website
of the service provider as
mentioned above
11 (i) Bid increment (i) (1) Rs.1,00,000/- & (2) Rs. 1,00,000/-
amount:

(ii) Auto extension: (ii) With unlimited extensions of 10 minutes each.

(limited / unlimited)
(iii) Bid currency & unit of (iii) Rupees
measurement

12 Date and Time during Date: 21.12.2022 between 11.00 a.m. to 3.00 p.m.
which inspection of the
immovable secured
assets to be sold and
intending bidders should Name: LOGESH.A.R.S, Mobile: 9840651168.
satisfy themselves about
the assets and their
specification.
Contact person with
mobile number
13 Other conditions (a) The Bidders should get themselves registered on
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp.
by providing requisite KYC documents and registration fee as
per the practice followed by M/s. MSTC. Ltd., well before the
auction date. The registration process takes minimum of two
working days. (Registration process is detailed on the above
website).
(b) The Intending bidder should transfer his EMD amount by
means of challan generated on his bidder account maintained
with MSTC Ltd at
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp.
By means of NEFT transfer from his bank account. The
intending bidder may submit the evidence of EMD deposit like
UTR number along with Request letter for participation in the
e-Auction, self-attested copies of (i) Proof of Identification
(KYC) Viz ID card / Driving License/Passport etc., (ii) Current
Address -proof of communication, (iii) PAN card of the bidder
(iv) Valid e-mail ID (v) Contact number(mobile/Land line of the
bidder etc., to the Authorised Officer of State Bank of India,
SAMB, Egmore, Chennai by 23.12.2022 before 4.00 p.m.
Scanned copies of the original of these documents can also be
submitted to e-mail Id of Authorised Officer
([email protected]).
(c) The Intending bidder should take care that the EMD is
transferred at least one day before the date of auction and
confirm that his wallet maintained with M/s. MSTC Ltd is
reflecting the EMD amount without which the system will not
allow the bidder to participate in the e-auction.
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(d) To the best of knowledge and information of the Authorised
Officer, there is no encumbrance on the property. However, the
intending bidders should make their own independent inquiries
regarding the encumbrances, title of property put on auction
and claims/ rights/ dues/ affecting the property, prior to
submitting their bid. The e-Auction advertisement does not
constitute and will not be deemed to constitute any
commitment or any representation of the bank. The property is
being sold with all the existing and future encumbrances
whether known or unknown to the bank. The Authorised
Officer/ Secured Creditor shall not be responsible in any way
for any third party claims/ rights/ dues.
(e) It shall be the responsibility of the interested bidders to
inspect and satisfy themselves about the property before
submission of the bid.
(f) The EMD of the successful bidder will be automatically
transferred to the bank once the sale is confirmed by the
respective Authorised Officer of the bank and the remaining
amount i.e 25 % of sale price to be paid immediately i.e. on
the same day or not later than next working day, as the case
may be.
(g) During e-Auction, if no bid is received within the specified
time, State Bank of India at its discretion may decide to revise
opening price / scrap the e-Auction process / proceed with
conventional mode of tendering.
(h) The Bank / service provider for e-Auction shall not have
any liability towards bidders for any interruption or delay in
access to the site irrespective of the causes.
(i) The bidders are required to submit acceptance of the terms
& conditions and modalities of e-Auction adopted by the
service provider, before participating in the e-Auction.
(j) The bid once submitted by the bidder, cannot be
cancelled/withdrawn and the bidder shall be bound to buy the
property at the final bid price. The failure on the part of bidder
to comply with any of the terms and conditions of e-Auction,
mentioned herein will result in forfeiture of the amount paid by
the defaulting bidder.
(k) Decision of the Authorised Officer regarding declaration of
successful bidder shall be final and binding on all the bidders.
(l) The Authorised Officer shall be at liberty to cancel the e-
Auction process / tender at any time, before declaring the
successful bidder, without assigning any reason.
(m) The bid submitted without the EMD shall be summarily
rejected. The property shall not be sold below the reserve
price.
(n) The conditional bids may be treated as invalid. Please note
that after submission of the bid/s, no correspondence
regarding any change in the bid shall be entertained.
(o) The EMD of the unsuccessful bidder will be refunded to
their respective wallet maintained with M/s MSTC Ltd. The
Bidder has to place a request with MSTC Ltd for refund of the
same back to his bank account. The bidders will not be entitled
to claim any interest, costs, expenses and any other charges
(if any).
(p) The Authorised Officer is not bound to accept the highest
offer and the Authorised officer has absolute right to accept or
reject any or all offer(s) or adjourn/postpone/cancel the auction
without assigning any reason thereof. The sale is subject to
confirmation by the secured creditor.
(q) In case of forfeiture of the amount deposited by the
defaulting bidder, he shall neither have claim on the property
nor on any part of the sum for which it may be subsequently
sold.
(r) The successful bidder shall bear all the necessary
expenses like applicable stamp duties / additional stamp duty /
6
 transfer charges, Registration expenses, fees, GST, etc. for
transfer of the property in his/her name.
(s) The payment of all statutory / non- statutory dues, taxes,
rates, assessments, charges, fees, GST etc., owing to
anybody shall be the sole responsibility of successful bidder
only.
(t) In case of any dispute arises as to the validity of the bid (s),
amount of bid, EMD or as to the eligibility of the bidder,
authority of the person representing the bidder, the
interpretation and decision of the Authorised Officer shall be
final. In such an eventuality, the Bank shall in its sole
discretion be entitled to call off the sale and put the property to
sale once again on any date and at such time as may be
decided by the Bank. For any kind of dispute, bidders are
required to contact the concerned Authorized Officer of the
concerned bank branch only.
(u) 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
(v)This sale will attract the provisions of sec 194-IA of the
Income Tax Act.
(w) GST @ 18% will be applicable on the sale value of Plant &
Machinery and Stocks.

Place: Chennai. Asst General Manager & Authorised Officer

Date: 02.12.2022 State Bank of India
Stressed Assets Management Chennai