Indian Overseas Bank Land Auction in Perumbakkam, Chennai

UDS of 63% of 365 cents of land with 63% of construction thereon is residential blocks 1,2,3,4 & 5 and commercial blocks at Arul Mahanaim at S. Nos. 131/181, 131/1A, 131/2, 132/2, 135/1, 135/24, 146/1, 146/26, 146/3, 146/30, 149, 150/1, 150/28, 151/4A & 148/1A at Perumbakkam -Nukkampalayam Main Road, Perumbakkam, Chennai 600 100 (excluding sale of UDS for 5 units/flats for which Bank has issued NOC, relating to Mrs. J. Sasikala, Mrs. P. Jayapratha, Mrs. G.Sangeetha, Mr. Naga Ragu Krishnan and Mr. Sri Krishna Komanduru, totalling to 2257 sq. Ft.. and the same is excluded) total balance land area available for sale is 97910 sq. Ft., bounded on the-North by: Properties in S. No. 156, 155, 154, 153, 151/2, 151/3, 86, 151/1, 87, 88, and 131/182, South by: Properties in S. No. 145,144, 147, 148/18, 148/2, 150/1part, 133, 134, and 137, East by: Properties in S. No. 88 (part), 131/182, 130, 135/3 and 137, West by: Properties in 8. No. 155, 156, 163.144 and Perumbakkam Nukkampalayam Road, Situated within the Sub Registration District of Selaiyur and Registration District of Chennai South DETAILS OF ENCUMBRANCE: M/s. Arul Constructions, represented by its Proprietor Mrs. Deepika Vinohar and the POA Holder Mr. Bright Vinohar had sold certain UDS shares of the mortgaged property without obtaining the "NO OBJECTION CERTIFICATE" from the Secured Creditor and had registered the Sale Deeds in favour of the purchasers before the Sub-Registrar Office at Selaiyur during the subsistence of the Bank's mortgage. The details of the parties to whom the land was sold without obtaining the NOC from the Bank are as under-