Debts Recovery Tribunal - I

Chennai

DRC Nos.76/2000 & 256/2002

 

            The under mentioned properties will be sold by public auction on 2.8.2006                      for recovery of a sum of Rs.15,47,921.70p (Rupees Fifteen lakhs forty seven thousand nine hundred and twenty one and paise seventy only) (less amount already recovered) plus further interest and costs due from Mr.C. Karuppannan and 3 others and for recovery of a sum of Rs.31,56,954/- (Rupees Thirty one lakhs fifty six thousand nine hundred and fifty four only) plus further interest and costs due from M/s Indo Fertichem and 2 others. The auction will be held at 3.00 P.M. at DRT-I, Chennai . The properties will not be sold below the upset price mentioned.

DESCRIPTION OF PROPERTIES

 Item No.1 (DRC No.76/2000):    Namakkal District  Namakkal Joint II Sub-Registration District, Chinnamudalipatty Village, Namakkal Taluk , Survey No.9/4 – total extent of 0.62 acres.

Item No.2 (DRC No.76/2000):  Namakkal District  Namakkal Joint Sub-Registration District No.2, Chinnamudalipatty Village, Veesanam Village, Namakkal Taluk, Survey No.9/4  S.No.40/1 and 40/3 – total extent of 1.48 acres (minus 0.61 cents taken over by Railway Authority).

Note: Item No.1 & 2 will be sold on single lot only

Upset price: Rs.1,00,000/-(Rupees One Lakh only)

Item No.3 (DRC No.76/2000):    Namakkal District  Namakkal Joint II Sub-Registration District, Chinnamudalipatty Village, Namakkal Taluk, Survey No.22/4- total extent of 609 Sq.ft.       (Housing Plot with thatched house D.No.1/17).

Upset price: Rs.22,000/-(Rupees twenty two thousand only)

Item No.4(DRC NO.256/2002)  : All the piece and parcel of land admeasuring 2400 Sq.ft. or thereabouts belonging to K.K. Palaniappan at Plot No. 6, S.No. 370/1A, 371, Laddivadi Village, Mohanur Road, (Near Kongal Uthu) Namakkal District bounded on the East by Plot No. 64, West by 24 feet  North South Road, South by  Plot No.31; North By 30 feet East West Road, situated within the  Namakkal Joint 2nd Sub Registration Office, Namakkal District.

Upset price: Rs.63,000/-(Rupees Sixty three thousand only)

The intending bidders should pay 10% of the upset price of the properties as EMD            (for each property  separately) by means of a D.D. drawn in favour of the “Recovery Officer,          DRT-I, Chennai, for DRC No. 76/2000” (for Item Nos. 1 to 3) and “Recovery Officer,          DRT-I, Chennai, for DRC No. 256/2002 ” (for Item No.4)  payable at Chennai before               12.00 Noon on the date of auction.  They can inspect the properties  between 11.00 A.M & 3.00 P.M. on 1.8.2006

For further details regarding other conditions of sale, the undersigned or The Chief Manager, Indian Bank, IV Floor, Circle office, Circle Office Buildings, 55 (Old # 24/2) Ethiraj Salai, Chennai- 600 008 may be contacted personally or over Ph. Nos. 044-2825 0202

RECOVERY OFFICER