TENDER NOTICE

Archive

TENDER CUM PUBLIC AUCTION SALE

Notice is hereby given to the public in general and to the borrowers and guarantors in particular that the under mentioned properties mortgaged to UCO Bank, International Banking Branch, Chennai and taken possession under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 will be sold by Tender cum Public Auction on 28.10.2005 for recovery of a sum of Rs.11,02,54,135.57 (Rupees Eleven crores two lakhs fifty four thousand one hundred and thirty five and paise fifty seven only) plus further interest from 01.04.2003 and costs due from M/s.Ramco Super Leathers Limited, Sethu House, 28,Dr.Alagappa Road, Chennai-600 084.
The Auction will be held at 3.00 p.m.on 28.10.2005 at the premises of UCO Bank, International Banking Branch, 328,Thambu Chetty Street, III Floor, Chennai-600001. The properties will be sold in "as is where is condition" in all respect and subject to statutory dues, if any. .

Description of Immovable Properties

A Schedule:

Land and pucca Building bearing old No.24-24A, New door No.104-104A, Salai Road, Uraiyur, Tiruchi-620 003, in block 17, comprised in S.No.863/4 Uraiyur Thamalavarubayam Village, Tiruchirapalli District, Taluk, Joint III Sub District, Tiruchi Municipal III Ward, bounded on the North by: S. No.129, Public Road, East by: S. No.131, Subramania Iyer Bungalow, South by: S. No.861, T.S. Subramania Thevar Nanja Land & T.S. No.862 Srinivasa Iyengar's Nanja Land and West by: S. No.130, Sheik Hussain Sahib's House, together with well, pipes, municipal water taps, compound walls, electric fittings, lights, corporation deposit, with all easements and terraces, Theatre Complex constructed on the Southern Side with office rooms, fans, water taps, electric fittings, tube lights, grill gates, admeasuring East to West on the southern side 183', Northern side 126', South to North on the eastern side 369' and on the Western side 274' jointly owned by Mr.S.Ramasamy,Mr.S.Panayappan,Mr.S.Palaniappan,Mr.S.Murugappan, Mr.S.Muthukaruppan

B Schedule:

Property in Rathinavelu Devar Colony, Thamalavarupayam Village, Tiruchi Municipal 3rd Ward, Block No.17, comprised in T.S. No.862, Uraiyur, situated in Tiruchirapalli Taluk and Registration District, Tiruchirapalli Joint III Sub Registration District, bounded on the North by: Land in T.S. No.130 and Padmamani Theatre, East by: Shop Site Plot in T.S. No.867, South by: 40' Road in T.S. No.862 West by: Land in T.S. No.130 & 40' Scheme Road admeasuring East to West 40' on the Northern side and 110' on the Southern side and North to South 44' on the Eastern Side and 55' on the western side leaving Scheme Road, measuring 2808 sq. ft. together with easement and common passage rights jointly owned by Mr.S.Ramasamy,Mr.S.Panayappan,Mr.S.Palaniappan Mr.S.Murugappan, Mr.S.Muthukaruppan

Present T.S. Nos. of these properties are T.S. Nos. 62, 63 & 64(part), New Ward No.D and New Block No.1 Salai Road, Trichy.

Total extent of land of both the scheduled properties: 43561 sq.ft.

The properties covered under the above schedules are 1. Rukmani Theatre and 2.Sethu Rukmani Complex, situated at Door No. 104, Salai Road, Trichy 3

The upset price for the properties is Rs. 6,20,00,000/-(Rupees Six crores and twenty lakhs only)
EMD- Rs.62,00,000/- (Rupees Sixty two lakhs only)

• The intending bidders should send their bids in closed covers to The Asst.General Manager, UCO Bank, International Banking Branch, 328, Thambu Chetty Street, III Floor, Chennai-600 001 along with the EMD of Rs. 62,00,000/(Rupees Sixty two lakhs only) by means of a D.D./Banker's Cheque drawn in favour of UCO Bank, International Banking Branch, Chennai payable at Chennai before 12.00 noon on the date of auction (28.10.2005 )which is refundable without interest if the bid is not successful. The EMD shall be liable for forfeiture without any prior notice if the successful bidder fails to adhere to the terms of sale, time and commit any default in any manner.

• The sealed tenders will be opened by the Authorised Officer in the presence of available / attending tenderers.

• After opening the tenders, the intending bidders may be given an opportunity at the discretion of the Authorised Officer, to have inter- se bidding among themselves to enhance the offer price.

• The successful bidder should deposit 25% of the bid amount (inclusive of EMD) on the same day of the sale in cash or DD drawn as above and the balance bid amount within 15 days from the date of confirmation of sale by the secured creditor or the Authorised Officer. In case of default, all amount deposited till then shall be forfeited.

• The successful bidder should bear the charges / fees payable for conveyance such as Stamp duty, Registration fees etc applicable as per law.

• The Authorised Officer has absolute right to accept or reject a bid or postpone / cancel the auction without assigning any reason therefor and also to modify any terms and conditions of this sale without any prior notice.The properties will not be sold below the upset price.

• The sale is subject to confirmation by the bank.

• The properties are being sold subject to conditions prescribed in the Second Schedule to the Income Tax Act, 1961 and rules made thereunder.

• The properties can be inspected between 10 am and 5 pm during working days. In this connection, the intending bidders may contact

• (a) The Senior Manager, UCO Bank, Trichy Main branch, Sree Complex, D Block, 18 & 21 Madurai Road, Tiruchirapalli-620008 Ph. 0431-2700697, 0431-2704076 OR
  (b) Mr.SP.Sagadevan, Vice President, NICCO UCO Alliance Credit Ltd (Enforcement Agents), ASR Complex, I Floor, C-114,Swaminatha Shastri Street, Thillai Nagar, Trichy-620018, Ph: 0431-2764158, Mobile: 94434-44960

• For further details regarding other conditions of sale, the intending bidders may contact The Senior Manager / Manager (Advances) UCO Bank, International Banking Branch Chennai-1 personally or over Phone Nos. 52164775 / 52164778.

Back