Ref: OR/TVM /REC/822/2014-15 Date 25.08.2014
To
Dear Sir/Madam,
Sub: Notice of 30 days for sale of immovable secured assets under
Rule 8(2) of the Security (Enforcement) Rules, 2002
1. Corporation Bank, Ulloor Branch , the secured creditor, caused a demand notice dated 03.7.2013 under Section 13(2) of the
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the Authorised
Officer, have taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest
(Enforcement) Rules, 2002. Possession notice dated
issued by the Authorised Officer, as per appendix IV to the Security
Interest (Enforcement)) Rules, 2002 was delivered to you and the same was also affixed to the properties mortgaged with the
Secured Creditor, apart from publication of the same in newspapers.
2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession of by the authorised officer , will be sold by inviting tenders cum public auction from the public on
between 10 am and
11.00 am through online on e-auction portal
3. You are also requested to ensure participation by parties interested in buying the movable/immovable secured assets in the sale as proposed above.
4. A copy of the terms of sale is enclosed for your reference. Please note the tenders received will be opened by the undersigned at the place and time mentioned in the enclosed terms of sale.
Yours faithfully,
Date :26/08/2014
Place : Ulloor
AUTHORISED OFFICER
CORPORATION BANK
Encl: Terms of sale

TERMS AND CONDITIONS OF SALE OF IMMOVABLE/MOVABLE SECURED ASSETS:
1) Name and addresses of the Borrower/Guarantor
1. Smt.Vijayalekshmi TK
TC.11/478,PT,Chacko Nagar
Medical College PO
Trivandrum Dist
2) Name and address of the Secured
(Branch of the Bank)
3) The description of immovable secured assets, to be sold/auctioned by inviting tenders though online e- auction
4) The details of encumbrances, if any, known
Nil
5) Last date for submission of EMD & e-Bid Form
On or before
before 5.00 PM
Bidders have to submit EMD through NEFT/RTGS at Authorised
Officer, SARAFAESI a/c at Thiruvananthapuram Ulloor branch.
Account No 069700201999952 and IFSC Code-CORP0000697
6) Reserve price for the properties below which the movable/immovable property may not be sold:
7) The date, time of auction e-Auction date & time
8) The secured debt for the recovery of which the immovable secured asset is to be sold
Between10.00 pm and11.00 pm on
(With 5 min unlimited auto extension)
Rs.7,58,000/- (Rupees Seven Lakh Fifty Eight Thousand Only) with interest and costs from 03.07.2013 onwards less amount if any paid thereafter.
9) The intending tenderer / bidder shall deposit with the Authorised Officer an amount equivalent to 2 lakh by way of Earnest
Money Deposit in the account of Authorised Officer, Corporation Bank, Ulloor Branch (697) Branch by NEFT/RTGS to account No. 069700201999952 and IFSC Code-CORP0000697, at the same time bidder has to submit the e-bid form available on Matex Net Pvt Ltd’s website/ before the date and time mentioned above and shall obtain written receipt thereof from the branch/Authorised Officer. Separate tender shall be submitted for each property coupled with EMD
10 Full name and address of the tenderer / bidder with their identity proof and PAN card has to be furnished to the
Authorised Officer while filling up the e-bid form on on https://bankautions.in
.
11 A Bidder should have valid digital signature certificate (Class- ii/iii) to participate in to eauction.
12 Bank, the Secured Creditor, reserves the right to accept / reject the highest bid of auction / without assigning any reason thereof or to cancel the sale by calling bids from public.
13 The case of auction, further bid shall not be less than Rs.10,000/- in excess of highest bid amount or the immediate preceding bid, as the case may be. with multiple increment value of Rs.10,000/-.
14 The sale will be confirmed in favour of the highest tenderer / bidder and the confirmation of sale shall be subject to the confirmation by the Secured Creditor.

15 The successful tenderer / bidder so declared by the Authorised Officer shall then and there tender 25% of the amount of sale price by NEFT/RTGS to account No.
069700201999952 and IFSC Code-CORP0000697, less the sum tendered/ bid by way of EMD, with the Authorised Officer conducting the sale and the balance amount of purchase price shall be paid to the authorized Officer before 15th day of confirmation of sale by the Secured Creditor or such extended period as may be mutually agreed upon between the parties.
16 In default of payment of balance amount of purchase price before 15 days from the date of confirmation of sale by the
Secured Creditor or such extended period as may be mutually agreed upon between the parties, the deposit of 25% of the amount of sale price made shall be forfeited and the property shall forthwith be sold again and the defaulting purchaser shall forfeit all claim to the property or to any part of the sum for which it may be subsequently sold.
17 On confirmation of sale by the secured creditor and if the terms of payment have been complied with by the successful tenderer / bidder, the Authorised Officer shall issue a certificate of sale of movable/immovable property in favour of the purchaser in Appendix-V to the Security Interest (Enforcement) Rules, 2002.
18 The Authorised Officer may, where the immovable property sold is subject to any encumbrances, if he thinks fit, allow the purchaser to deposit with him the money required to discharge the encumbrances and any interest due thereon together with such additional amount that may be sufficient to meet the contingencies or further costs, expenses and interest as may be determined by him.
19 On such deposit of money for discharge of encumbrances, the Authorised officer may issue or cause the purchaser to issue the notices to the persons interested in or entitled to the money deposited with him and take steps to make the payment accordingly.
20 Legal charges for conveyance, stamp duty and registration charges as applicable will be borne by the successful Purchaser.
21 The Authorised Officer will deliver the immovable property to the purchaser (free from encumbrances, known to the
Secured Creditor) on deposit of money by the purchaser towards the discharge of such encumbrances.
22 The certificate of sale will be issued specifically mentioning whether the purchaser has purchased the immovable secured assets free from any encumbrances known to the secured creditor or not.
23 The unsuccessful tenderers who have deposited EMD shall be entitled to have the same refunded without any interest immediately after the confirmation of sale by the Authorised Officer.
24 If the Borrower were to pay to the Authorised Officer the entire amount due, with the up-to-date expenses including the expenses in taking possession and conducting the sale, to the secured creditor before e-Auction, the sale by tender cum public auction may be cancelled by the Authorised Officer.
25 The above immovable secured assets will be sold in “As is where is” and “What is there is” condition.
26 The intending tenderers may, if they choose, after taking prior appointment from the Branch (Tel: 0471- 2440156), inspect the immovable secured assets to be sold before the date fixed for submission of tender.
27 The entire sale consideration shall be exclusively available for appropriation towards dues to the Bank and it is exclusive of encumbrances of all statutory dues and other dues if any, all of which have to be paid / settled by the proposed purchaser out of his own sources.
Date :26/08/2014
Place : Ulloor Authorized Officer
Corporation Bank

Where as the Bank acting through its Authorised Officer, in exercise of its powers under Section 13(4) of Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) has decided to put up for E-auction the Schedule properties for realization of the debts due to the Bank, upon the following terms and conditions;
Conditions of E-Auction a) E-Auction is being held on AS IS WHERE IS, WHATEVER IS THERE AND WITHOUT RECOURSE BASIS and the Bank is not responsible for title, condition or any other fact affecting the property. b) The E-auction will take place through portal https://bankauctions.in
from 10.00 a.m to11.00 a.m
. c) The intending purchaser/bidder is required to submit amount of EMD by way of NEFT/RTGS in the account of Authorised Officer-
SARFAESI Auctions, Corporation Bank, Ulloor Branch account No.
069700201999952 and IFSC Code-CORP0000697 upto 5 p.m
and register their name at https://bankauctions.in
and get user ID and" password free of cost and get training on E-Auction from 4closure,Flat No:102,Amrutha Apartments, Plot No:20,Mothinagar,Hydrabad 500018 (Contact No:
040-23836405, M: 8142000062/63/30, email id: info@bankauctions.in
For detailed procedure and terms and conditions of E-
Auction, interested bidder may visit https://bankauctions.in
& www.foreclosureindia.com
download business rule document. Interested bidders may also get in touch with service provider on above mentioned number d) The particulars specified in Schedule have been stated to the best of information of the Bank and the Bank will not be answerable for any error, mis-statement or omission. e) For the reasons recorded, it shall be in the discretion of the Authorised Officer to cancel the auction proceeding for any reason and return the EMD submitted and Bank would not entertain any claim or representation in that regard from the bidders. f) The person declared to be the successful bidder shall deposit 25% (twenty five percent) of sale price, less EMD deposited immediately and remaining amount shall be paid within 15 days from the date of auction. In case of failure to adhere any payment schedule, the amount paid will be forfeited and Authorised Officer will be at liberty to cancel the auction and conduct fresh auction. h) On receipt of the entire sale consideration the Authorised Officer will issue the Sale Certificate and the sale shall be complete thereafter and the Bank shall entertain no claims. i) Nothing in this notice constitutes or will be deemed to constitute any commitment or representation on the part of the Bank to sell the property. Bank reserves the right to cancel the sale for any reason it may deem fit or even without assigning any reason and such cancellation shall not be called in question by the bidders. j) The Bank reserves its right to accept, reject any or all bids at any stage and vary, modify and waive any condition of sale in its absolute discretion. Please also verify the terms and conditions of sale (available on request from the branch through email).
Properties held by the Authorised Officer of the Bank as per details set out hereunder:-
NAME AND ADDRESS OF THE BORROWERS
DATE &
TIME OF
AUCTION
RESERVE PRICE
EARNEST
MONEY
DEPOSIT
DEBT DUE
Rs.2 lakh Rs.7,58,000/- (Rupees
Seven Lakh Fifty Eight
Thousand Only) with interest and costs from
03.07.2013 onwards less amount if any paid thereafter
Description of the properties: An extent of 1.989 cents of land in Sy.No.3/3-2 in Pattom Village, Trivandrum
Taluk,Trivandrum Dist.East: Housing Board property ,West: Pathway,TK Prakash Plot South:Jahangir Plot,North:Housing
Board Property
Place: Ulloor
Date:26.08.2014
Authorized Officer
Corporation Bank