Federal Bank : Sale of Commercial Building, Land and Flat in the Ac Techno Mark Pvt. Ltd

(SPEED POST/REGD A/D)

NOTICE FOR SALE OF IMMOVABLE PROPERTIES ISSUED UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT 2002, (hereinafter referred to as Act) r/w SECURITY INTEREST (ENFORCEMENT) RULES, 2002 (hereinafter referred to as Rules).

Whereas, The Authorized Officer of the Federal Bank Ltd. under the Act issued a demand notice dated 11.04.2022 calling upon the borrowers (1) M/s Technomark Engineers India Pvt Ltd. a company registered under the Companies Act, 1956, having its registered office at Technomark House, T C 9/2595 (1), Elankam Gardens, Vellayambalam, TVM – 695010, (2) Mr. Raman Sukumaran Nair, carrying on business in the name and style of Technomark Sales Corporation, T C 9/2595, Elankam Gardens, Vellayambalam, TVM – 695010// Sutharya, TC 9/2654, Elankam Gardens, Vellayambalam, TVM – 695010, (3) Mr.Sudeep Sukumaran Nair, Sutharya,TC9/2654, Elankam Gardens, Vellayambalam,TVM – 695010,

1. Mr.Sujeeth Sukumaran Nair, Sutharya,TC9/2654, Elankam Gardens, Vellayambalam, TVM- 695010 and (5) Mrs. Suma Sukumaran Nair, Sutharya, TC9/2654, Elankam Gardens, Vellayambalam, TVM- 695010 to repay the amount mentioned in the notice being to repay the amount mentioned in the notice being (a) ₹ 10,34,98,777.28 as on 31.03.2022 in Term

Loan no. 10216900074204 (From 1st to 5th of you), (b) ₹ 5,13,37,629.65 as on 07.04.2022 in OD no. 10215500092673 (From 1st to 5th of you), (c) ₹ 74,71,950.64 as on 31.03.2022 in Term Loan no. 10216900074212 (From 2nd to 5th of you), (d) ₹ 36,78,992.00 as on 31.03.2022 in Cash Credit no. 10215500092681 (From 2nd to 5th of you), (e) ₹ 78,69,577.00 as on 30.03.2022 in Term Loan no. 10216900074345 (From 2nd to 5th of you) and (f) ₹ 14,20,174.72 as on 05.04.2022 in FHS no. 10217300023544. (From 2nd and 5th of you) together with interest and costs thereon at such applicable rates within 60 days from the date of receipt of the said notice.

Whereas the borrowers/ guarantors/ defaulters having failed to repay the amount, the Authorized Officer of the Bank on 15.06.2022 has taken possession of the property described herein below in exercise of powers conferred on him / her under section 13(4) of the said Act read with rule 8 of the said Rules after complying with all procedural formalities prescribed under the said Act and Rules including publication of possession notice in newspapers.

The undersigned hereby give notice to the borrowers and general public that the Bank has decided to sell on 16/02/2023 “AS IS WHERE IS” & “AS IS WHAT IS” and “WHATEVER THERE IS BASIS’ under Rules 8 & 9 of the said Rules for realizing the dues of Rs. ₹

18,84,83,635.51 /- (Rupees Eighteen Crores Eighty Four Lakhs Eighty Three Thousand Six Hundred Thirty Five and paise Fifty one only) is due from you as on 16/02/2023

with further interest, cost and other charges thereon and thus the undersigned being the Authorized Officer of the Bank hereby invites from interested the sealed tenders for purchasing the property subject to the terms and conditions mentioned hereunder.

While we call upon you to discharge your liability as above by payment of the entire dues to the Bank together with applicable interest, all costs, charges and expenses incurred by the bank till repayment and redeem the secured asset, within the period mentioned above, Please take important note that as per section 13(8) of the SARFAESI Act 2002, (as amended), the right of redemption of secured asset will be available to you only till the date of publication of notice for publication or inviting tenders from public or private treaty for transfer by way of lease, assignment or sale of the secured asset.

The Federal Bank Ltd, LCRD/Thiruvananthapuram Division, 4th Floor, Federal Towers, Statue, Thiruvananthapuram, Kerala – 695001

E-mail:tvmlcrd@federalbank.co.in| CIN: L65191KL1931PLC000368| Phone: 0471 2322229, 2780625

Details of realizable dues from borrowers 1 to 5 mentioned above as on date of sale are as follows: –

The Federal Bank Ltd, LCRD/Thiruvananthapuram Division, 4th Floor, Federal Towers, Statue, Thiruvananthapuram, Kerala – 695001

E-mail:tvmlcrd@federalbank.co.in| CIN: L65191KL1931PLC000368| Phone: 0471 2322229, 2780625

support@auctiontiger.net, Mr.Praveen Kumar Thevar- Mobile 09722778828,079 35022145/149/182( e-mail id : praveen.thevar@auctiontiger.net)

1. The EMD shall be remitted through NEFT/RTGS to The Federal Bank Ltd, Account No. 10210051030001- IFSC CODE FDRL0001021 or to the Account No. 21460051030001,

IFSC CODE FDRL0002146, The Federal Bank Ltd payable at Thiruvananthapuram for

Rs.18,00,000/- (Rupees Eighteen Lakhs Only) For Lot No.1, Rs.13,36,500/- ( Rupees Thirteen Lakhs Thirty Six Thousand and Five Hundred only) for Lot No.2 and for Rs.7,56,000/- ( Rupees Seven Lakhs Fifty Six Thousand only) for Lot No.3 before 5:00pm on 15/02/2023, being earnest money deposit (EMD) equivalent to 10% of the Reserve Price of the property, which is refundable if the tender is not accepted. All other payments shall be made by way of RTGS/ NEFT to the said account.

1. The incremental Bid amount will be in the multiple of Rs. 50,000/-.For Lot No.1, Rs.30,000/-,for Lot No.2 & Rs.10,000/- for Lot No.3 respectively. The successful bidder shall deposit 25% of the bid amount/sale price (inclusive of the EMD) immediately on acceptance of his/her tender/offer by the Bank and the balance 75% within 15 days, failing which the entire deposit inclusive of EMD made by him / her / them shall be forfeited without any notice and the property concerned will be re-sold.
2. The auction will be conducted online between 11.00 AM to 12.00PM (for Lot No.1) , 12.00 PM to 1.00 PM (for Lot No.2) and 2.00 PM to 3.00 PM (for Lot No.3) respectively on 16/02/2023, Wednesday with unlimited extension of 5 minutes each. The successful bidder shall bear the entire charges / fees payable for conveyance such as stamp duty, Registration fee etc. as applicable as per Law.
3. No encumbrance in respect of the property prior to our mortgage has come to knowledge and information of the Bank. The Bank will not be held responsible for any charge, lien and encumbrance, property tax or any other dues etc. to the Govt. or anybody in respect of the property under sale. The charges and the encumbrances, if any should be cleared by the purchaser of the property.
4. The Authorized Officer has the absolute right to accept or reject the bid/ all or any tender including the highest tender or adjourn / postpone the sale without assigning any reason. The decision of the Authorized Officer/Bank shall be final.
5. The borrower / co-borrowers/co-obligants/ guarantors/ mortgagors named above shall treat this as notice of 15 days as stipulated in Rule 8(6) read with rule 9 of the said Rules and pay the secured debt in full to avoid sale of the secured property
6. The property mentioned above will be sold on “AS IS WHERE IS” “AS IS WHAT IS” and “WHATEVER THERE IS” basis. The intending purchasers can inspect the properties between 11 A.M. to 5.00 P.M on 15/02/2023.
7. The borrower / co-borrowers/co-obligants/ guarantors/ mortgagors named above shall treat this as notice of 15 days as stipulated in Rule 8(6) read with rule 9 of the said Rules and pay the secured debt in full to avoid sale of the secured property
8. The buyer should satisfy himself/herself/itself as to the title, extent, ownership, statutory approvals etc of the properties concerned, before participation in the auction.
9. If any of the dates mentioned above happen to be a holiday/harthal/protest called by any political parties/association/ groups which adversely affects the functioning of the Bank / M/S e-Procurement Technologies Limited – Auction Tiger, the very next Bank working day may be considered for that event and related events including the date of auction/sale.
10. The properties are put for sale subject to the provisions under the above Act / Rules and other prevailing laws. For further details regarding other conditions of sale, the intending bidder may contact the undersigned.

Dated this the 30th day of January 2023 at Thiruvananthapuram.

For The Federal Bank ltd,

The Federal Bank Ltd, LCRD/Thiruvananthapuram Division, 4th Floor, Federal Towers, Statue, Thiruvananthapuram, Kerala – 695001

E-mail:tvmlcrd@federalbank.co.in| CIN: L65191KL1931PLC000368| Phone: 0471 2322229, 2780625

Unnikrishnan V K

Associate Vice President & Division Head (Authorized Officer under SARFAESI Act)

The Federal Bank Ltd, LCRD/Thiruvananthapuram Division, 4th Floor, Federal Towers, Statue, Thiruvananthapuram, Kerala – 695001

E-mail:tvmlcrd@federalbank.co.in| CIN: L65191KL1931PLC000368| Phone: 0471 2322229, 2780625