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Retail Assets Centre Retail Assets Centre, PUBLIC NOTICE FOR E-AUCTION Siripuram, SALE OF IMMOVABLE PROPERTIES Visakhapatnam-530003 APPENDIX-IV-A [See Provison to rule 8(6)] E-Auction Sale Notice for sale of Immovable Assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with provison to Rule 8(6) of the Security Interest (Enforcement) Rules, 2002. Notice is hereby given to the public in general and in particular to Borrower(s) and Guarantor(s) as mentioned below. The below described immovable properties mortgaged/charged to IDBI Bank (Secured creditor), the constructive/physical (Whichever is applicable) possession of which has been taken by the Authorized Officer of IDBI Bank (secured Creditor), will be sold on "as is where is", “as is what is", "Whatever there is", "without recourse" and "no complaint basis" on for recovery of amounts due to IDBI Bank from the Borrowers, Mortgagors and Guarantors as mentioned below. The reserve prices and earnest money deposits will be as mentioned below. The sale will be done by the undersigned through e-Auction platform provided at the website : https://bankauctions.in Name of the Borrower(s): 1) Sri Prabhakar Nava Bandrapalli, 2) Smt.Nirmala Bandrapalli, W/o Sri Prabhakar Nava Bandrapalli, D.No.12-3-23, Sarada Colony, Behind MRO Office, Anakapalli, Visakhapatnam District-531001. Also at: Head Master, Municipal Elimentary School, Kotniveedhi, Anakapalli, Visakhapatnam District-531001. Also at: Plot No.69 part and 70 part, Desapatrunipalem Village, Parawada Mandal, Visakhapatnam District-531021. Demand Notice Date: 03.06.2010, Possession Date: 27.10.2011, Outstanding Amount: Rs.11,96,179/- (Rupees Eleven Lakh Ninety Six Thousand One Hundred and Seventy Nine only) towards the outstanding““dues in respect of the Loan Account No.031675100005999 as on 10.05.2010 plus Applicable Interest thereon w.e.f 11.05.2010 plus Incidental Expenses, charges and costs thereon (less further payments made if any) Property Details: Schedule of the property : All that site is measuring 64.21 Sq. Yds or equivalent to 53.69 Sq. Mts being undivided and unspecified share out of the total extent of 128.42 Sq. Yds bearing Plot Nos. 69 Part and 70 Part, together with constructed residential Ground Floor House of 1000 Sft. in covered under Survey No.188/3B2 in DESAPATRUNIPALEM Revenue Village, with in the Greater Visakha Municipal Corporation limits, in the Mandal of Parawada, in the Registration District of Anakapalli and the Sub-District of Lankelapalem belongs to Sri Prabhakar Nava Bandrapalli and bounded & measured as follow: Boundaries: East: Site belongs to Sri GLN Reddy, South: Plot No.70 Part site, West: 40' Wide Road, North: Plot No.69 Part. Measurements: East: 31.6" Feet or 9.62 Mts, South: 34.8" Feet or 10.62 Mts, West : 31.6" Feet or 9.62 Mts, North : 39.10" Feet or 11.92 Mts. Reserve Price: Rs.10,96,389/- EMD: Rs.1,09,639/- Bid Increase Amount: Rs.10,000/- Date and Time of E-Auction: 09-07-2020, 10.30 AM to 11.30 AM Name of the Borrower(s) : 1) Smt Saroja Kumari Ravi, 2) Sri Sreenu Alamanda, D.No.1-2, J.P. Agraharam, Mangala Palli Post, Munagapaka Mandal, Visakhapatnam-531 027. Also at : MPE School, JP Agraharam Village,“Munagapaka Mandal, Visakhapatnam-531033. Also at : Plot No 69 Part And 70 Part, Desapatrunipalem Village, Parawada Mandal, Visakhapatnam-531021. A/c No:031675100005982. Demand Notice Date : 07-07- 2010,“Possession Date: 27-10-2011, Outstanding Amount : Rs.11,90,103/- (Rupees Eleven Lakh Ninety Thousand One Hundred and Three only) as on 10-06-2010 together with interest w. e. f. 11-06-2010 and other expenses,“costs, charges thereon. Property Details: Schedule of the property: All that site is measuring 64.21 Sq. Yds or equivalent to 53.69 Sq. Mts being undivided and unspecified share out of the total extent of 128.42 Sq. Yds bearing Plot Nos.69 Part and 70 Part, together with constructed Residential First Floor House of 1000 Sft. in covered under Survey No. 188/3B2 in DESAPATRUNIPALEM Revenue Village, with in the Greater Visakha Municipal Corporation limits, in the Mandal of Parawada, in the Registration District of Anakapalli and the Sub-District of Lankelapalem belongs to Smt.Saroja Kumari Ravi, bounded & measured as follow: Boundaries & Measurements: East : Site belongs to Sri GLN Reddy, 31.6" Feet or 9.62 Mts, South : Plot No.70 Part site, 34.8" Feet or 10.62 Mts, West : 40' wide road, 31.6" Feet or 9.62 Mts, North : Plot No. 69 Part site, 39.10" Feet or 11.92 Mts., Reserve Price: Rs.10,96,389/- EMD: Rs.1,09,639/- Bid Increase Amount: Rs.10,000/- Date and Time of E-Auction: 09-07-2020, 11.30 AM to 12.30 PM LAST Date and submission of Bids: 08-07-2020 till 04.00 PM TERMS AND CONDITIONS : (1) The auction will be conducted through the Bank’s approved service provider M/s 4 closure, at the web portal https:// bankauctions.in E-Auction Tender Document containing online e-auction Bid form, Declaration,General Terms and Conditions of online auction sale are available in website https://bankauctions.in, https://idbibank.co.in or for any other assistance Email to [email protected] and Ph: 0891- 2871940/41, [email protected], [email protected] and [email protected], contact Mr.U.Subbarao, Ph:8142000061 & Mr.Manoj, Ph: 9154074420, Land line: 040-23836405. (2) Only bidders holding valid User ID / Password and confirmed deposit of EMD Amount by way of DD / Pay Order favouring “IDBI Bank Limited” payable at Visakhapatnam or by way of RTGS in favour of IDBI Bank Ltd., Account No.81637000010052, IFSC: IBKL0000031, Branch: IDBI Bank Ltd., Retail Asset Centre, Visakhapatnam shall be eligible for participating in the e-Auction process. (3) The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded. The Earnest Money Deposit shall not bear any interest. The successful bidder shall have to deposit 25% of the sale price on the same day of the auction by adjusting the EMD already paid, upon the acceptance of bid price by the Authorized Officer, the balance 75% of the sale price to be paid on or before 15th day of sale or within such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. The EMD and all the money deposited till such time shall be liable for forfeiture without any prior notice, if the successful bidder fails to adhere to the Terms & conditions of Auction Sale or commit any default in any manner. The defaulting bidder shall forfeit all claims to the assets or to any part of the sum for which it may be subsequently sold. (4) Sale will be subject to confirmation by the Secured Creditor. (5) On receipt of entire Auction Sale proceeds from the Successful Bidder, the Authorized Officer will be issuing Sale Certificate as per the provisions of the Act. On issuance of Sale Certificate, the Auction Sale Process will be completed and the Authorized Officer is not responsible for registration of Sale Certificate. It is the responsibility of the Successful Bidder to get the Sale Certificate registered, if required by him/her. (6) The successful bidder shall bear all Stamp Duty, Registration Fee, incidental expenses etc., for getting the Sale certificate Registered, if required by him/her. The successful bidder shall also bear all Statutory Dues / Taxes /Charges or fees, if any, applicable as per Law and Income Tax Laws and also all dues pending like Electricity Charges, Water Charges, Maintenance Charges and for other services provided, if any. The bidders are hereby advised to make their own enquires as regards to properties and any pending statutory dues/taxes, charges, fees, electricity charges, maintenance charges, etc. in respect of the above property. (7) The Authorized Officer has absolute right to accept or reject the tender or bid, any or all the offers and has right to cancel or adjourn or postpone the auction without assigning any reason and also to modify any terms and conditions of this sale, without any prior notice. (8) The above properties will be sold in “as is where is”, “as is what is”, “Whatever there is” “no recourse” and “no complaint basis” for and on behalf of secured creditor, IDBI Bank Ltd., (9) The Intending bidders are at liberty to make their own independent assessment/enquiry about the title and encumbrances of the property. By submitting the Bid, the bidder shall be deemed to have full knowledge of the condition of the assets, relevant documents, information, etc. whether the bidder actually inspects or visits or verifies or not. The bidders shall be deemed to have inspected and approved the Secured Assets to their entire satisfaction and for the purpose, the Bidders may, in their own interest and at their own cost, verify the area of the premises and any other relevant information before submitting the Bids. It shall be presumed that the bidder has satisfied himself/herself about the names descriptions, particulars, quantities, qualities, specifications, measurements, boundaries and abuttals of the assets/properties and that the bidder concurs or otherwise admits the identity of the assets/properties purchased by him /her, not with standing any discrepancy or variation, by comparison of the description in the particulars of the assets/properties and their condition. Authorized officer shall not assume any responsibility with regard to any of the issues mentioned in this regard. (10) Offer received for sale and /or accepted are not transferable.
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