Indian Overseas Bank Asset Recovery Management Branch has issued a sale notice for a mortgaged land and building asset under the SARFAESI Act. The borrowers include M/s. Universal Papers along with several partners, guarantors, and legal heirs. The total outstanding dues on the account stand at ₹5,63,57,522 as of 17.08.2026. The property scheduled for auction is a land and residential building measuring 1235 sq. ft. located in Mylapore, Chennai. The property is under constructive possession, and the online e-auction is set for 07.09.2026 between 10.30 a.m. and 12.30 p.m.