PURASAWALKAM BRANCH,
30/275, PURASAWALKAM HIGH ROAD
CHENNAI 600 112.
NOTICE OF INTENDED SALE
(Including for e-auction mode)
Notice of intended sale under Rule 6(2) & 8(6) of The Security Interest (Enforcement
Rules) 2002 under The Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act 2002
To:
1.M/s R S Steel Industries P Ltd
Old No 74 New No 26, Ist floor
Sembudoss Street
Chennai 600 001
3.Mr G Rajendran
S/o Govinda Pillai
Director/Guarantor
M/s RS Steel Industries P Ltd
108/A Varadarajan Street
Sathuma Nagar
Tiruvottiyur Chennai 600 019
5.Ms R Radha W/o G Rajendran
Director/Guarantor
M/s R S Steel Industries P Ltd
108/A Varadarajan Street
Sathuma Nagar
Tiruvottiyur Chennai 600 019
7.Ms S M Lalitha (now deceased)
W/o Mr Parithi Illamvazuthi
Director/Guarantor
M/s RS Steel Industries P Ltd
Represented by 1. Parithi Illamvazuthi
2. Ms Sandhya @ Yazhini D/o Parithi
Illamvazuthi
3.Mr Indrajith S/o Parithi Illamvazhuthi
C 6 First Cross Street
Neelankarai Chennai 600 041
9. Ms Jasintha
W/o Mr Maria Francis
Guarantor
M/s RS Steel Industries P Ltd
No 122 Blue Beach Road
Neelankarai Chennai 600 041
03.12.2014
2.M/s R S Steel Industries P Ltd
150 Vichoor village
Vichoor
Ponneri taluk
Tiruvallur district Chennai 600 103
4. Mr Maria Francis
S/o Mariam Pillai
Director/Guarantor
No 122 Blue Beach Road
Neelankarai
Chennai 600 041
6.Mr E Indrajith
S/o Parithi Illamvazuthi
Guarantor
M/s R S Steel Industries P Ltd
C 6 First Cross Street
Sunrise Avenue
Neelankarai Chennai 600 041
8. Ms Sandya @ Yazhini
D/o Parithi Illamvazuthi
Guarantor
M/s RS Steel Industries P Ltd
C 6 First Cross Street
Sunrise Avenue
Neelankarai Chennai 600 041
Sub: Loan account M/s R S Steel Industries P Ltd with Indian Bank Pursawalkam
branch
-M/s R S Steel Industries P Ltd availed facilities from Indian Bank, Pursawalkam branch the
repayment of which are secured by mortgage/hypothecation of schedule mentioned
properties hereinafter referred to as “the Properties”. M/s. R S Steel Industries P Ltd failed to
pay the outstanding, therefore a Demand Notice dated 02.04.2014 under Sec 13 (2) of
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
Act 2002 (for short called as “The Act”), was issued by the Authorised Officer calling upon
M/s. R S Steel Industries P Ltd and others liable to the Bank to pay the amount due to the
tune of 28,41,22,657.23 (Rupees Twenty Eight Crores Forty One lakh twenty two thousand
six hundred and fifty seven and paise twenty three only (as on 31.03.2014) with further
interest, costs, other charges and expenses thereon M/s. R S Steel Industries P Ltd failed to
make payment despite Notice dated 02.04.2014.
As M/s. R S Steel Industries P Ltd failed to make payment despite Demand Notice, the
Authorized Officer took possession of the schedule mentioned properties under the Act on
27.08.2014 after complying with all legal formalities.
As per Sec.13 (4) of the Act, Secured Creditor is entitled to effect sale of the assets taken
possession of and realize the proceeds towards outstanding balance. In accordance with the
same, the undersigned / Authorized Officer intend selling the schedule mentioned securities
by the following mode:
The sale proposed to be held is by way of public tender / auction adopting the e-auction
mode.
As per Rule 6 (2) and 8(6) of The Security Interest (Enforcement) Rules 2002 framed under
the Securitisation and Reconstruction of Financial Assets and Enforcement of Security
Interest Act 2002, 30 days’ notice of intended sale is required to be given and hence we are
issuing this notice.
The amount due as on 30.09.2014 Rs 30,68,29,521.73 (Rupees Thirty crores sixty eight lakhs
twenty nine thousand five hundred and twenty one and Paise seventy three only with further
interest, costs, other charges and expenses thereon.
Please take note that this is notice of 30 days and the schedule mentioned properties shall
be sold under the Act by the undersigned/Authorised Officer any time after 30 days.
**The date of sale is fixed as 07.01.2015 AT 12.30 PM which would be by e-auction
mode.
The Inspection of the Schedule mentioned property and related documents and upto date EC
may be had by the intending purchasers/bidders at his expense on 05.01.2015 between 11.00
AM to 2.00 PM.
The Reserve price and Earnest Money Deposit (EMD) for the sale of the secured assets is
fixed as mentioned in the schedule.
The Tender/bid Form with the terms and conditions can be had on-line from the website
www.matexauctions.com and using the provision in the system / software, the same could be
procured using the ‘seal bid option’ such that the activities could be done online. The tender
form and the terms and conditions would be available in the website from 04.12.2014. (date)
to 06.01.2015.(date), from 10.00 am to 5.00.pm. (time)
The last date for submitting tenders/bids complying with all necessary terms along with EMD
in the stipulated manner is 06.01.2015 -by 5.00 pm.
The tenders should be accompanied with EMD taken in RTGS / NEFT / Account Transfer
and / or any other acceptable mode of money transfer without time lag, failing which the
tender becomes disqualified.
The Nodal Bank account No./IFSC Code etc. for online money transfer is as under:
S No
Nodal Bank account No
IFSC code
1
Indian Bank, Washermanpet Branch A/c No 6096882883
IDIB000W009
The sale shall be conferred on the person making highest offer / tender / bid subject to
confirmation by Secured Creditor. The undersigned / Authorised Officer reserves right to
accept or reject the bid / tender without assigning any reason whatsoever.
Once the auction / e-auction is completed and sale is conferred on the person making the
highest offer / tender / bid, the successful bidder will be intimated in person / by email, as the
case may be, who has to remit 25% of the bid amount (less the EMD) immediately by RTGS
/ NEFT / Account Transfer and / or any other acceptable mode of money transfer, failing
which the EMD amount remitted will stand to be forfeited.
The balance sale price shall be paid within 15 days of confirmation of sale or extended time
in writing. If the balance amount is not remitted within stipulated/agreed time, the amount of
25% remitted will also stand to be forfeited. The sale is subject to confirmation by the Secured
Creditor. The sale is made on “As is where is and As is What is” basis and no representations
and warranties are given by the Bank relating to encumbrances statutory liabilities etc. **If
the e-auction fails owing to any technical snag etc., the same may be re-scheduled by issuing
7 days prior notice.
***This Notice is without prejudice to any other remedy available to the Secured Creditor
Property No 1
The specific details of the assets which are intended to be brought to sale are enumerated
hereunder
Mode of Sale
Tender cum e-auction
Reserve Price/Upset Price
Rs 95.00 lakhs
EMD
Rs 9.50 lacs
Inspection of the property
05.01.2015
Opening of tenders/bids
07.01.2015 at 12.30 PM
Prior encumbrances
NIL
Land and building situated at Gounderpalayam, Vallur Village, Ponneri
Description of securities
Taluk, Thiruvallur District comprised in Old Survey Nos. 644/1, 643, 648
new survey No.644/1A2 as per patta measuring an extent of 33 ½ cents
within the Registration District of North Chennai and Sub-Registration
District of Thiruvottriyur belonging to Mr G Rajendran.
Schedule of the property with boundaries
All that piece and parcel of land and building situated at Gounderpalayam,
Vallur Village, Ponneri Taluk, Thiruvallur District comprised in Old Survey
Nos. 644/1, 643, 648 new survey No.644/1A2 as per patta measuring an
extent of 33 ½ cents within the Registration District of North Chennai and
Sub-Registration District of Thiruvottriyur bounded on the
North by
South by
East by
West by
Last date and
submission of Bid
time
Common pathway of the village
Land belonging to Ramachandra Rao
Property of Ramanathan and others
Property of Ramanujam & others.
for 06.01.2015 up to 5.00 PM
Property No 2
The specific details of the assets which are intended to be brought to sale are enumerated
hereunder
Mode of Sale
Tender cum e-auction
Reserve Price/Upset Price
Rs 1090.00 lakhs
EMD
Rs 50.00 lacs
Inspection of the property
05.01.2015
Opening of tenders/bids
07.01.2015 at 12.30 PM
Prior encumbrances
NIL
Description of securities
Factory Land and Buildings situated at S No 129/3 , 134/1
and 134/2 measuring 4.10 acres (178596 sq ft) in 150
Vichoor Village, Thiruvallur district belonging to Mr G
Rajendran
Schedule of the property with boundaries
Item: 1
All that piece and parcel of land No 150 Vichoor village,
Ponneri Taluk , Thiruvallur District and situated within the
registration district of North Chennai and Sub Registration
District of Thiruvottiyur comprised in S No 129/3
admeasuring 2 acres 51 cents.
Item: 2
All that piece and parcel of land No 150 Vichoor Village,
Ponneri Taluk, Thiruvallur District and situated within the
Registration District of North Chennai and Sub Registration
District of Thiruvottiyur comprised in S No 134/1
admeasuring 0.90 cents
Item : 3
All that piece and parcel of land No 150 Vichoor village,
Ponneri Taluk, Thiruvallur District and situated within the
Registration District of North Chennai and Sub Registration
District of Thiruvottiyur comprised in S No 134/2
admeasuring 30084 sq ft
Bounded on the
North by Pymash canal
South by Land bearing Survey No 134/3
East by Land bearing Survey No 134/5
West by Land bearing Survey No 134/1
Last date and
submission of Bid
time
for 06.01.2015 up to 5.00 PM
Property No 3
Mode of Sale
Reserve Price/Upset Price
EMD
Inspection of the property
Opening of tenders/bids
Prior encumbrances
Description of securities
Tender cum e-auction
Rs 400.00 lakhs
Rs 40.00 lacs
05.01.2015
07.01.2015 at 12.30 PM
NIL
Company /Supplier
Description of the
immovable properties
D K Enterprises
Welding Machine/Speed
Increaser/Pinion Base
Plates
Manohar Industries
Chilled Rolls
Sparkonix
CNC Ribs Cutting machine
Model 500U
Isolation Transformer with
Servo Stabilizer
Shree Sakthi Steels
MS Channels, MS Plates,
MS Round, MS Flat
Shri Boomi Durga
Mfg. P Ltd.,
Megawin make II KV
Vaccum Circuit Breaker
Samas Engineering
Corporation
Kirloskar Motor (750 KW
/600KW/930KW
Akta Equipments
Wooden Cooling Tower
Last date and
submission of Bid
time
Southern Refractories
and Minerals
Hard Brick, Ceramic Tiles
Continental Thermal
Engineers
Burner
Amman Casting
Works
MS Castings
Bearing India
Bearings
Excel Enterprises
Flange, Valve etc.q
New Era Engineers
and Traders
Gear Pump, Coupling set
Insdustrial Tube
Suppliers
Steel Tubes
Dalmia Refractories
GT Blocks, SKEW Blocks,
Tiles, Bull Nose, Archblock,
Mortar, Castable
Brijeshwar Ispat and
Alloys Pvt Ltd
Rolling Mill Machinery
Giri Brothers Pvt Ltd.,
Weigh Bridge
Maamidi Enterprises
L&T /switch gears
for 06.01.2015 up to 5.00 PM
Bidders are advised to visit website tenders.gov.in of our e auction service provider M/s Matex
Net Pvt. Ltd 124,2nd Floor, Karpagam Avenue 4th street, Opp. Mayor Ramanathan Hall, RA
Puram Chennai 600 028 for auction bid form and detailed terms and conditions which are
annexed to the bid form.
1.
2.
3.
4.
5.
Email address
Phone No
Name of the contact person
Website
Date, time and place of sale
AUTHORISED OFFICER
INDIAN BANK
bankauctions@matexnet.com
(044)-4343 7474 Fax: (044)-4210 7062
Mr Jagadeesh (Asst Manager) Cell No 9380570551
www.matexauctions.com
07.01.2015 at 12.30 PM for all the properties
Indian Bank Pursawalkam branch
Chennai