Property Description

Name of Borrower (s)/Guarantor(s): 1) M/s Aadhith Food Marketing (Borrower), a Proprietorship concern rep by its Proprietor, having office at 10 62 Kunnangalpalayam, Karaipudur, Veerapandi Post, Tirupur–641605, 2) Mr E Balasubramaniam (Proprietor), S/o Eswaramoorthy, No.10 62 Kunnangalpalayam, Karaipudur Veerapandi Post, Tirupur – 641605 and 3) Mrs Nivedha Somasundaram (Guarantor), W/o E Balasubramaniam, No.3/302A, Thandakaran Thottam, Vavipalayam, Kettanur, Palladam – 641671. Total outstanding is Rs.30,37,752.05 (Rupees Thirty Lakhs Thirty Seven Thousands Seven Hundred & Fifty Two and Paise Five Only) as on 30.04.2025 with further interest, Costs, other charges and expenses thereon. Mortgaged Asset : In Tirupur Registration District, Palladam Sub-Registration District, Palladam Taluk, within the limits of Palladam panchayat union and Karaipudur village panchayat board, Karaipudur village, in GS No.212/2 lands measuring 3.43 acres @ Rs.5.13 since subdivided as GS No.212/2B1 lands measuring 0.95 acres (or) 0.385 hectares @ Rs.1.63 in this lands measuring 0.27 acres (or) 0.110 hectares @ Rs.0.46 situated within the following boundaries:- North to lands measuring 0.24 acre owned by Chinnasamy in the same survey field. South to common use well land measuring 0.09½ acre in the same survey field. West to South-North common pathway land measuring 0.03½ acre in the Eastern part of the same survey field (referred below) East to Odai Purampoke Amidst this the lands measuring 0.27 acres (or) 0.110 hectares @ Rs.0.46. Further in the same survey field common use pathway lands measuring 0.03½ acre situated within the following boundaries:- West to below mentioned common use land measuring 0.01¾ acre East to Odai Purampoke South to land in GS No.212/2A2 North to above mentioned lands measuring 0.27 acres in GS No.212/2B1 Amidst this the common use passage lands measuring 0.03½ acre @ Rs.0.03 in this common 1/3 share measuring 0.01¼ acre (or) 0.005 hectare @ Rs.0.01. Further in the same survey field common use well land measuring 0.05½ acre situated within the following boundaries:- North to above mentioned lands measuring 0.27 acres South and West to land in GS No.212/2A2 East to Odai Purampoke Amidst this the land measuring 0.05½ acre (or) 0.040 hectare in this common 1/3 share measuring 0.01¾ acre in this common 1/3 share measuring 0.00 ½ acre (or) 0.005 hectare @ Rs.0.01 along with common 1/3 share in the thurasthu well and common 1/3 share in the vaari vaikkal etc., Further in the same survey field 30 ft wide South-North pathway land measuring 0.13½ acre situated within the following boundaries:- East to Eastern part lands owned by Chinnasamy, Rathinavel and above mentioned lands in the same survey field West to share of land owned by Muthulakshmi and others in GS No.212/2B2 South to share of land owned by Thirunavukkarasu in GS No.212/2A2 North to East-West road in GS No.211 Amidst this 30 ft wide South-North pathway land measuring 0.13½ acre in this common 2/5 share measuring 0.05½ acre @ Rs.0.09 in this common 0.02 acre (or) 0.008 hectares of land. Thus the total lands admeasuring 0.30¾ acres (or) 0.128 hectares @ Rs.0.51 (as per latest revenue sub-division the above land forms part of GS No.212/2B1 lands measuring 0.3850 hectare in patta No.1179) and rights to use the 30 ft wide South-North common pathway land measuring 0.13½ acre and mamool pathway rights to reach the property.

Auction Details

• Inspection Start Date & Time02-06-2025 11:00 am
• Inspection End Date & Time21-06-2025 05:00 pm
• EMD Start Date & Time02-06-2025 11:00 am
• EMD End Date & Time21-06-2025 11:00 am
• EMD Amount 11,00,000
• Auction Type Forward Auction
• Auction Start Date & Time23-06-2025 04:00 pm
• Auction End Date & Time23-06-2025 05:00 pm