THE TAMILNADU INDUSTRIAL INVESTMENTCORPORATION LIMITED

(Government of Tamilnadu Undertaking)

C.S Sengottiah Complex, IInd Floor, 23, Chidambara Colony

80 Feet Road Periyar Erode –638001

Phone: 0424 – 2262080, 2241107 Mail: bmerode@tiic.org Web: www.tiic.org

The Assets of the following concern(s) taken possession under Section 29 of StateFinancial Corporations Act 1951 will be sold by Tender cum Public Auction in “AS IS WHEREIS” condition by our branch as given below:

Borrower(s) /Guarantor(s)

Amount dueRs. (Interestcharged upto31.01.2020)

Description of theproperty

UpsetPrice

(Rs. Inlakhs)

EarnestMoneyDeposit(EMD)(Rs. Inlakhs)

MinimumIncremen

talAmount

(Rs.)

M/s.Sri Annanmar Modern Rice Mill,No.502/10, Konthalampudur,Thattampalayam Post, Sivagiri (via),Erode District – 638109

Rs.1,44,71,757/-

Primary Security:Machineries:1. SS Paddy Par Boiling

Unit-15Ton-1 No2. MS Paddy Pre Cleaner-

1No3. SS Paddy Bed Cooler -

15 Ton -1No 4. SS Paddy Elavator-1

No5. SS Paddy Dryer-15

Ton-15 Ton-1No 6. Paddy cleaner with de-

stoner-1 No7. Huller with stand-2

Nos8. BB 8&10 Blower-3 Nos9. Destoner shaker-1 No10.Elevator-11 Nos 11.Storage bin – 15 Ton-

3 Nos12.Faso high speed colour

sorting machine – 140channels-1No

13.Rice whitener, silkyPolisher, Grader –Each1 No

14.Elgi Air compressorModel TS 15-1 No

15.Siemens Motors-20Nos

16.Refrigeratedcompressed air dryer-

94.00 5.0010,000 /-

1 No17.Generator 82.5 KVA

Leyland make-1 No18.MS steal boiler size 8’

x 6’ - Full Set-1 No19.MS Paddy elevator box

– 30 feet-1 No

20.MS Paddy ChimneyOd-42 feet-1 No

Collateral Security:

(Land and Building)

Factory land: Land

measuring 0.60 acre

situated at R.S.No.502/10

(Part), (Old SF. No.471),

Konthalam Pudur,

Konthalam Village,

Kodumudi Tk, Erode

District and building

thereon owned by

Thiru.T.Mylendiran,

(Proprietor of the applicant

concern)

45.80 4.58 10,000 /-

Date of inspection of property Last date for submission ofBid form, KYC documents& payment of EMD

Date / time of Auction

Date:10.03.2020Between 11.00 am to 5.00pm

Date: 16.03.2020Time: Before 4.00 pm

Date :23.03.2020Time : From 11.00 am to 1.00 pm

1. Date of inspection of the property is 10.03.2020 from 11.00 am to 5.00 pm andthe last date of Earnest Money Deposit (EMD) shall be 16.03.2020 by 4.00 pm.

2. The sale / auction will be conducted on 23.03.2020 from 11.00 am by theundersigned through e-Auction platform www.c1india.com

3. Extension of time of the e-Auction from the last bid is 5 minutes each and theextension is unlimited times (if bid received in the last 5 minutes).

4. Further interest will be charged as applicable, as per the loan agreement on theamount outstanding and incidental expenses, costs, etc. is due and payable tillits realization.

5. The bid amount should be more than upset price.

6. EMD shall be payable through DD in favour of the TIIC ltd., payable at Erodeand shall be submitted at Erode branch office. The interested bidders shallsubmit the EMD along with the bid participation form / KYC Documents etc,before the date and time specified above.

7. The bidders are advised to go through the detailed terms and conditions of e-Auction available in the website www.c1india.com before submitting their bidsand taking part in the e-Auction.

8. The prospective qualified bidders may avail online training on e-Auction from‘M/s C1 India Private Ltd.’,prior to the date of e-auction and can contact through

address Plot No.301, 1st Floor, Udyog Vihar Phase 2, Gurgaon, Haryana – 122 015,

India Phone No.9840446485, email enquiry@c1india.com Neither the authorizedofficer / TIIC Ltd., nor ‘M/s C1 India Private Ltd.,’shall be liable for any internetnetwork problem and the interested bidders to ensure that they are technicallywell equipped for participating in the e-auction event.

9. The Earnest Money Deposit (EMD) of the successful bidder shall be retainedtowards part sale consideration and the EMD of the unsuccessful bidders shallbe refunded. EMD shall not bear any interest. The successful bidder shall haveto deposit 25% of the sale price, adjusting the EMD already paid before theclose of the office hours of the next working day after the conclusion of the e-

Auction. The balance 75% of the sale price shall be paid on or before 30th dayof sale confirmation or within such extended period as agreed upon in writingby and sale at the discretion of the TIIC Ltd., In case of default in payment bythe successful bidder, the amount already deposited by the offer shall be liableto be forfeited and the property shall be put to re-auction and the defaultingborrower / bidder shall have no claim / right in respect of the mount /property.

10. The TIIC Ltd., is not responsible for any liabilities upon the property which is not in the knowledge of the TIIC Ltd.,

11. Every bidder of the e-Auction shall submit the attested copies of KYC Documents consisting of

a) PAN Card

b) Address proof

c) ID Proof

Original documents shall be produced for verification for further details Contactthe Branch Manager, Erode.

Branch Manager

Date4:20.02.2020 TIIC Ltd., Erode

Place : Erode

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