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Of 6 the Karur Vysya Bank Ltd, Asset Recovery Branch, 5-8-356 to 362, III

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Of 6 the Karur Vysya Bank Ltd, Asset Recovery Branch, 5-8-356 to 362, III The Karur Vysya Bank Ltd, Asset Recovery Branch, 5-8-356 to 362, III Floor, Chirag Ali Lane, Abids, Hyderabad – 500 001 040-23206065 E-AUCTION NOTICE PUBLIC NOTICE FOR SALE OF MOVABLE AND IMMOVABLE PROPERTIES UNDER SARFAESI ACT, 2002 In exercise of powers conferred under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and Security Interest (Enforcement) Rules, 2002 and pursuant to the possession of secured assets of the borrower taken by Authorized Officer for recovery of the secured debts dues to The Karur Vysya Bank Ltd, Asset Recovery Branch Hyderabad, amounting to Rs 7,78,69,665.18 (Rupees Seven Crores Seventy Eight Lakhs Sixty Nine Thousand Six Hundred Sixty Five and paisa Eighteen only) (the total dues of the borrowal account as on date of sale notice including interest and costs debited till 31.07.2019) due to the Karur Vysya Bank Ltd, Secured Creditor from M/s. Himalaya Seeds,580,581 and 582, Singapur Village, Huzurabad Mandal, Karimngar Dt PIN 505 468 represented by its Partners Sri.Thakkallapally Mallikarjuna Rao C/o M/s. Himalaya Seeds,580,581 and 582, Sin- gapur Village, Huzurabad Mandal, Karimngar Dt PIN-505 468, Smt. Thakkallapally Vanaja, C/o M/s. Himalaya Seeds,580,581 and 582, Singapur Village, Huzurabad Mandal, Karimnagar Dt PIN– 505 468 AND Guarantors, Sri.Thakkallapally Mallikarjuna Rao S/o Sri T Pulla Rao, H No. 1-1-997, Siddartha Nagar,Kazipet, Warangal – 506 003, Smt. Thakkallapally Vanaja W/o. Sri.Thakkallapally Mallikarjuna Rao, H No. 1-1-997, Siddartha Nagar,Kazipet, Warangal – 506 003, M/s Swaraj Agri Tech,Plot No.121 - 123, IDA Rampur,Dharmasagar Mandal, Warangal District Represented by its partners:Sri.Thakkallapally Mallikarjuna Rao, Smt. Thakkallapally Vanaja AND Corporate Guarantor M/s Himalaya Seeds and Farms,Plot No.121 & 122, IDA Rampur,Dharmasagar Mandal, Warangal District Represented by its partners: Sri.Thakkallapally Mallikarjuna Rao, Smt. Thakkallapally Vanaja whereas the undersigned has decided to put up for E-auction of the movable/immovable properties offers are invited by way of E-Tender for pur- chase of the following assets on “AS IS WHERE IS”, “AS IS WHAT IS”, AND “WHATEVER THERE IS” basis. DESCRIPTION OF THE IMMOVABLE PROPERTIES Property No.1 Seed Plant known as M/s Himalaya Seeds, (v) Singapur comprising of Machinery, 4 Halls, Office Room, Labour Quarters, Security Room and its appurtenant vacant land which is constructed relating to land out of Survey Nos .580,581/A,581/B,581/C and 582 of (v) Singapur, Huzurabad Mandal, Karimnagar District an extent of Ac.1.38 Guntas or 9439.15 Sq.Yards., or 7891.13 Sq.Mts standing in the name of M/s Himalaya Seeds, represented by its partners: 1. Sri.Thakkallapally Mallikarjuna Rao 2. Smt. Thakkallapally Vanaja and bounded by: East: R & B Road (Hanamakonda to Karimnagar), West: Hillock, North: Land of Ravinder Reddy, South: Land of V Kishan Rao and others. Page 1 of 6 Property No.2 Warangal District, Dharmasagar Mandal, Rampur Village, Rampur Panchayat limits Survey Nos:153 & 337 and the land measuring an extent of 5262.40 Sq.yards/4,400 Sq.Mts in Plot Nos.121 & 122 (Site –A) at IDA, Rampur Standing in the name of M/s Himalaya Seeds & Farms rep. by its partners: 1. Sri. Thakkallapally Mallikarjuna Rao 2. Smt. Thakkallapally Vanaja and bounded by: North: 12.00 MT Wide Road, South: 12.00 MT Wide Road, East: 12.00 MT Wide Road, West: Plots Nos.120 & 123 Property No.3 Warangal District, Dharmasagar Mandal, Rampur Village, APIIC IALA, Rampur Grama Panchayat limits Survey Nos:153 within the Jurisdiction of Sub- Registrar, Ghanpur (Station) and District Registration Office, Warangal, Plots bearing Nos.120 and 123, measuring 4400 Sq.Mtrs or 5262.40 Sq.Yards of land situated at Industrial Development Area, Rampur standing in the name of M/s Swaraj Agri Tech rep. by its partners: 1. Sri. Thakkallapally Mallikarjuna Rao 2. Smt. Thakkallapally Vanaja and bounded by: North: 12.00 Mt Wide internal Road of IDA, Rampur, South: 12.00 Mt Wide Internal Road of IDA Rampur, East: Plots No.121 and 122, West: Plots No.119 and 124 Reserve Price EMD (10% of Reserve Price) Bid Amount Incremental Property I 3,39,30,000/- 33,93,000/- 1,00,000/- Property II 1,29,60,000/- 12,96,000/- 1,00,000/- Property III 1,56,60,000/- 15,66,000/- 1,00,000/- Inspection of the Asset All working Days – From 05.08.2019 to 04.09.2019 between 11.00 am to 5.00 pm Last date and time for submitting online Tender & Date: 04.09.2019 Application Forms Time: 5.00 PM Date and Time of E-Auction The E-Auction will take place through portal https://bankauctions.in (Web address of e-auction provider) on 05.09.2019 between 12.00 noon to 1.00 PM with unlimited extensions of 3 minutes each till sale is concluded. Nodal Bank account Name The Karur Vysya Bank Ltd, Central Office in favour of A/c. M/s Himalaya Seeds (Borrower name) Account No:1101351000000973 IFSC Code : KVBL0001101. Contact Person & Phone No Sri T V Ravikumar, AGM Page 2 of 6 Phone: 9100072161 Email:[email protected] Sri G Nageswara Rao, CM, 9959988571 [email protected] The E-tenders should be accompanied with EMD remittance details. EMD should be remitted through RTGS / NEFT to Nodal Bank Account without time lag, failing which the tender becomes disqualified or The EMD of 10% of the Reserve Price can also be paid by of a Demand Draft/Pay Order drawn in favour of The Karur Vysya Bank Ltd, Payable at Hyderabad along with Bid Form. TERMS AND CONDITIONS OF THE E-AUCTION ARE AS UNDER 1. E – Auction is being held on ““AS IS WHERE IS”, “AS IS WHAT IS”, AND “WHATEVER THERE IS” BASIS”. 2. The E-auction will take place through portal https://bankauctions.in of the service provider, M/s.4Closure (BankAuctions.in), Hyderabad on 05.09.2019 (auction date) from 12.00 Noon to 1.00 PM with unlimited extensions of 3 minutes each, till the sale is completed. 3. For detailed procedure and terms and conditions of E-Auction, interested bidders may visit www.matexauctions.com and download relevant documents. Interested bidders may also get in touch with service provider on below mentioned contact numbers. 4. It shall be in the discretion of the Authorized Officer to cancel the auction proceeding for any reason and return the EMD submitted and Bank would not entertain any claim or representation in that regard from the bidders. 5. Particulars specified in respect of the said property/ies in the above schedule have been stated to the best of the information of the Authorized Officer / Bank. 6. The intending purchaser / bidder is required to submit amount of EMD and register their name at https://bankauctions.in to the above mentioned account and get user ID and Password free of cost and get training on E-Auction from Mrs. Prathyusha: 040-23836405 and Cell No. +91-8142000066 / 62, E-Mail Id: [email protected] and [email protected] or Mr. U. Subba Rao (Hyderabad) Contact Number: +91- 8142000061 (Contact details of e-auction provider including name and contact no. mail ID). Cheques will not be accepted for EMD. Bidders are required for participating in the E-auction to hold Digital Signature Certificate and also to furnish the details in the Auction Application Form available on the site. Page 3 of 6 7. The said EMD shall be adjusted in the case of highest bid, otherwise it will be refunded. The earnest money deposit will not carry any interest. Brokers / Middlemen shall not be entertained. 8. The sale shall be confirmed in favour of the purchaser who has offered the highest sale price in his bid to the Authorized Officer and shall be subject to confirmation by the Bank. 9. The purchaser shall deposit 25% of the amount of sale price after adjusting the Earnest Money Deposit within 24 hours (Banking Days) of acceptance of highest bid by the Authorized Officer in respect of sale, failing which the Earnest Money Deposit shall be forfeited. The highest bidder shall be declared to be the purchaser of the properties mentioned herein provided he should be legally qualified to bid at all stage. 10. The balance 75% of the sale price shall be paid by the purchaser on or before 15th day (during banking hours) of confirmation of sale by the Authorized Officer or such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. 11. In default of payment of sale price or any part thereof within the period(s) mentioned hereinabove, the deposit(s)/ Part payment shall be forfeited and the property shall be resold and the defaulting purchaser shall forfeit all claims to the property or any of the sum for which it may be subsequently sold. 12. On confirmation of the sale by the Bank and or compliance of the terms of payment the Authorized Officer shall issue a Certificate of Sale of the said property in favour of the purchaser in the form given in Appendix V to Enforcement of Security Interest Rules. 13. The Authorized Officer is not bound to accept the highest bid or any or all bids and reserves the right to accept or reject any or all the bids without assigning any reason thereof and his decision will be final binding on all the parties attending the auction. 14. Participation by any person in the sale shall be treated as conclusive evidence of the fact that the party has inspected the property/ies offered for sale and satisfied himself/herself/themselves about the title, measurement, extent, boundaries and location of the property/ies.
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