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					        (SALE NOTICE OF IMMOVABLE/MOVABLE PROPERTIES BY INVITING TENDERS)

                                                CANARA BANK

                             (A GOVERNMENT OF INDIA UNDERTAKING)

                                                SALE NOTICE

SALE NOTICE OF IMMOVABLE PROPERTIES BY INVITING TENDERS UNDER RULES 8(6) & 9
OF THE SECURITY INTEREST (ENFORCEMENT) RULES 2002.

 Notice is hereby given to the effect that the immovable properties described herein, taken possession under
the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
Act 2002 and Security Interest (Enforcement) Rules 2002, will be sold by inviting tenders.

 Sealed Tenders are invited from the intending tenderer for sale of the under mentioned property on the
following terms & conditions.

1. Name and Address of the Secured Creditor       : Canara Bank ARM Branch, Ernakulam

2. Name and Address of the Borrower              : M/s. Sukhodaya Ayurvedic Pharmaceuticals and
Hospitals, P.B.No. 15, Kanjirapally.P.O, Kottyam ,
3. Total liabilities as on 28.1.2012 : Rs. 21807300/ (Two crores eighteen lacs seven thousand three
hundred only )plus interest from 28.1.2012 at applicable rates, suit expenses and other charges

4. Last Date & Time for receipt of Tender                : 29.2.2012, 2.00 pm


5. Address in which the tender to be submitted : Canara Bank, ARM branch, Shanmugham Road Shenoy
Chambers, Broadway, Ernakulam - 31


6. (a) Date & Time of opening of the tender/s     : 29.2.2011 at 3.00 pm

 (b) Place of opening of the tender/s             : Canara Bank, ARM branch, Shanmugham Road Shenoy
Chambers, Broadway, Ernakulam - 31

7. Details of Property/ies                               :


Landed Property:
1       EM of 98.07 ares of land in Re.Sy.No.21/1 & 21/1/2 of , Kanjirapally village, Kottayam
        District owned by Dr. C.V.James with boundaries:
        North: Property of Kizhakkemuri family & Kochupoovathumoottil family; East:
        Property of Eapen and James; South: Road and property of the same owner,: West:
        Property of Cheriyan Kizhakkemuri

                                  A R M BRANCH, ERNAKULAM
                 II Floor, Shenoy Chambers, Shanmugham Road, ,Kochi – 682 031
       TEL NOS: 0484-2353071 & 2353072 email:tvm2875@canbank.co.in & cmtvm2875@canbank.co.in
                                                Fax: 0484 2382001
8. Reserve Price                 :2,02,15000 ( Two Crores two lacs fifteen thousand only)

9. Other terms and conditions             :


a.The property will be sold in “AS IS WHERE IS” condition including encumbrances, if any. (There are no
encumbrances to the knowledge of the Bank. For details of encumbrances, contact the undersigned before
deposit of the Earnest Money Deposit referred to in Clause 9(d) below)

b.The property will not be sold below the Reserve Price.

 c. The property can be inspected by prior appointment with Canara Bank ARM branch on any working day
before 23.2.2012 between 11.a.m and 4 p.m . The contact number is 0484-2353072

 d. The intending tenderer shall submit their tenders on a plain paper in a sealed cover superscribing “Tenders
for the purchase of landed property and machinery” along with Earnest Money Deposit (EMD) of Rs.
2021500/, being10% of Reserve Price by way of DD favouring, Authorised Officer, Canara Bank, ARM
Branch, Ernakulam on or before 29.2.2012 at 2.00 pm.

 e. Sale shall be confirmed in favour of the successful highest tenderer, subject to confirmation of the same
by the secured creditor.

 f. The successful highest tenderer shall deposit 25 % of the sale price (inclusive of EMD already paid),
immediately on the allotment of Tender in his/her favour and the balance within 15 days from the date of
confirmation of sale. If the successful highest tenderer fails to pay the sale price as stated above, the deposit
made by him shall be forfeited.

 g. All charges for conveyance, stamp duty and registration charges etc., as applicable shall be borne by the
successful tenderer only.

h. Authorised Officer reserves the right to postpone/cancel or vary the terms and conditions of the tender
without assigning any reason thereof.

i. For further details 0484- 2353072 may be contacted during office hours on any working day.

Place: Ernakulam
Date: 28.1.2012.
                                                                             Authorised Officer

                                                                              Canara Bank




                                  A R M BRANCH, ERNAKULAM
                 II Floor, Shenoy Chambers, Shanmugham Road, ,Kochi – 682 031
       TEL NOS: 0484-2353071 & 2353072 email:tvm2875@canbank.co.in & cmtvm2875@canbank.co.in
                                                Fax: 0484 2382001
                    COVERING LETTER TO SALE NOTICE

                                                                                 Date 28.1.2012

To
M/s. Sukhodayam Pahrmaceuticals
Post Box No. 15,
Kanjirapally
Kottayam


Prop:

Dear Sir,

 Sub: Notice under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 read with Rule 8(6) of the Security Interest (Enforcement) Rules,
2002.

 As you are aware, Canara Bank, ARM branch have taken possession of the assets described in Schedule of
Sale Notice annexed hereto in terms of Section 13(4) of the subject Act in connection with outstanding dues
payable by you to our Bank. Now, , I being authorized officer of ARM branch issue this sale notice to you.

The undersigned proposes to sell the assets more fully described in the Schedule of Sale Notice.

 Hence, in terms of the provisions of the subject Act and Rules made thereunder, I am herewith sending the
Sale Notice containing terms and conditions of the sale. You are hereby given a last and final opportunity to
discharge the liability in full as stated in the Sale Notice enclosed within 30 days from the date of this notice,
and reclaim the assets which have been possessed by the bank, failing which the assets will be sold as per the
terms and conditions set out in the Sale Notice. This is without prejudice to any other rights available to the
Bank under the subject Act/ or any other law in force.

Yours faithfully,



Authorised Officer, Canara Bank

ENCLOSURE – SALE NOTICE

CC to :1. Sri.C.V.james S/o Varghese, Mendapally House, P.N.No. 15, Kanjirapally, Kottayam
        2. Smt. Reeta James W/o C.V.James



                                   A R M BRANCH, ERNAKULAM
                  II Floor, Shenoy Chambers, Shanmugham Road, ,Kochi – 682 031
        TEL NOS: 0484-2353071 & 2353072 email:tvm2875@canbank.co.in & cmtvm2875@canbank.co.in
                                                 Fax: 0484 2382001

				
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