Indian Overseas Bank Phone

Indian Overseas Bank Phone : 040-23421528/ 23421529 Raj Bhavan Road Branch e-mail: [email protected] R V’s Kamala Castle, 1st Floor # 6-3-899/1, Opp Shanti Shikara Aptts Date : 26.05.2016 Raj Bhavan Road, Somajiguda, Hyderabad 500 082 ______

e-AUCTION SALE NOTICE

SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002.

Whereas M/s 7 Seas Entertainment Ltd , 6-3-1239/2/A 3rd Floor, Koti’s Court, Renuka Enclave, Rajbhavan Road, Somajiguda, Hyderabad – 500082, has borrowed monies from Indian Overseas Bank against the mortgage of the immovable properties more fully described in the schedule hereunder and the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 02.02.2015 calling upon the borrower/s M/s 7 Seas Entertainment Ltd. and guarantors 1) Mr. L. Maruti Sanker, 2) Mrs. L. Hemalatha, 3) Mrs. L. Usha Kumari, 4) Mr. A.S.R. Murthy, to pay the amount due to the Bank, being Rs.4,21,10,003/- plus interest from 01.02.2015, costs and expenses within 60 days from the date of the said notice.

Whereas the borrowers having failed to pay the amount due to the Bank as called for in the said demand notice, the Bank has taken possession of the secured asset more fully described in the schedule hereunder on 08.05.2015 under Section 13(4) of the Act.

Whereas the borrower having failed to pay the dues in full, the secured creditor, Indian Overseas bank has decided to sell the under mentioned secured asset in “As is where is” and “As is what is” condition under Section 13(4) of the Act read with Rules 8 & 9 of the Security Interest (Enforcement) Rules 2002. The dues of the borrower as on 26.05.2016 works out to Rs.4,18,03,942/- (Rupees Four Crores Eighteen Lacs Three Thousand Nine Hundred Forty two Only).

SCHEDULE OF PROPERY

Lot-I:

All the part and parcel of open plot to the extent of 313.33 sq. yds situated at Sy. No. 416/4, Plot No. 38, Vill: Prabhunagar, Poranki Gram Panchayat, Penamaluru Mandal, Vijaywada, Krishna Dist., Registered in SRO Kankipadu, standing in the name of Mrs. L. Usha Kumari mother of promoter Mr. L.Maruti Shanker

Bounded By On the North by Plot No. 39 belongs to N Ramakrishna Sastry On the South by Plot No. 37 belongs to S Varahananda Shaila On the East by Compound Wall of V Seshagiri Rao On the West by 33 ft Gram Panchayathi Road

Lot-II:

All the part and parcel of open plot to the extent of 485 sq. Yards situated at Sy. No.404/1, Poranki Bandar Road, Poranki Gram Panchayat, Penamaralu Mandal, Krishna District, Vijaywada Registered at SRO Kankipadu, standing in the name of Mrs. L. Hemalatha w/o Mr. L. Maruti Shankar.

Bounded By

On the North by Property belongs to Ravi Radhakrishna Murthy On the South by Property belongs to 2nd vendor On the East by 45 ft Road On the West by Canal

Date and time of e-auction 14.07.2016 between 12.00 PM to 2.00 PM with auto extension of five minutes each till sale is completed. Reserve Price for Property No. 1 Lot-I: Rs.94,94,949/- (Rupees Ninety four Lacs Ninety four thousand nine hundred forty nine Only)

Lot-II: Rs.1,80,55,556/- (Rupees One Crore Eighty Lacs Fifty five thousand five hundred fifty six only)

Earnest Money Deposit for Property Lot-I: Rs.9,49,495/- (Rupees Nine Lacs forty nine No. 1 thousand four hundred ninety five only)

Lot-II: Rs.18,05,556/- (Rupees Eighteen Lacs five thousand five hundred fifty six only)

EMD Remittance Deposit through EFT/NEFT/RTGS Transfer in favour of “Authorised Officer, IOB Raj Bhavan Road Branch” to the credit of A/c No.118002000009876, Indian Overseas Bank, Raj Bhavan Road Branch, IFSC Code: IOBA0001180. Bid Multiplier 50,000/- (The amount in multiples of which the bid is to be increased) Inspection of property 02.06.2016

26.05.2016 Submission of online application for bid with EMD Last date for submission of online 11.07.2016 application for BIDs with EMD

Terms and Conditions

1. The property will be sold by e-auction through the Bank’s approved service provider M/s C1 India Pvt. Ltd., under the supervision of the Authorized Officer of the Bank. 2. Particulars specified in the schedule above have been stated to the best of the information of the Authorized Officer/Bank. Authorized officer and /or Bank will not be answerable for any error, misstatement or omission in this notice. 3. E-auction tender document containing online e-auction bid form, declaration, general terms and conditions of online auction sale are available in http://www.bankeauctions.com website. 4. Intending bidders shall hold a valid digital signature certificate and e-mail address. For details with regard to digital signature, please contact M/s C1 India Pvt. Ltd., Plot No.301, 1st Floor, Udyog Vihar Phase-2, Gurgaon, Haryna, email: [email protected], Helpline: 0124-4302020, Mr. BM Gandhi [email protected], Ph: 09700333933. 5. Bids in the prescribed formats given in the Tender Document shall be submitted “online” through the portal http://www.bankeauctions.com along with Proof of deposit of EMD, 2. ID Proof, 3. Proof of residential address, 4. Copy of PAN Card. Bidder should also submit self attested hard copies of these documents to the Authorised Officer at branch address. 6. Bids submitted otherwise shall not be eligible for consideration. 7. The EMD and other deposits shall be remitted through EFT/NEFT/RTGS to the Bank account as specified above. 8. Bid form without EMD shall be rejected summarily. 9. The property shall be sold to the highest bidder. The successful bidder (purchaser) shall deposit 25% of the sale price (less the EMD) immediately on the sale being confirmed in his/her favour. In case of default in payment of the 25% (less the EMD) of the bid amount immediately to the Authorised Officer, the EMD amount deposited will be forfeited and the secured asset will be sold again. 10. The successful bidder shall be required to deposit the balance 75% of the bid amount within 15 days from the date of confirmation of sale by the secured creditor or such extended period, as may be permitted by the secured creditor at their sole discretion. Failure to remit the entire amount of the sale price within the stipulated period will result in forfeiture of deposit of 25% of the tender price and forfeiture of all claims over the property and it will be resold. 11. The sale certificate will be issued in the name of the purchaser only, after payment of the entire sale price amount and other charges if any. 12. The purchaser shall bear the charges / fee payable for conveyance such as registration fee, stamp duty, etc., as applicable as per law. 13. The Authorised Officer has the absolute right to accept or reject the bid or postpone or cancel the sale, as the case may be without assigning any reason. 14. The Authorised Officer will be at liberty to amend/modify/delete any of the condition as may be deemed necessary in the light of facts and circumstances of each case. 15. The property is being sold on “As is where is” and “As is what is” condition. The purchaser should make their own independent enquiries regarding encumbrances on the property, statutory liabilities, arrears of property tax, electricity dues, housing society tax, maintenance fee, Water charges and etc., by themselves before participating the auction and the same shall be borne by the purchaser. 16. Sale is subject to Confirmation by Secured Creditor. 17. EMD of unsuccessful bidders will be returned through EFT / NEFT / RTGS to the bank account details provided by them in the bid form and intimated via their email id.

For further details regarding inspection of property / e-auction, the intending bidders may contact Mr. K D Meher, Asst. General Manager, Indian Overseas bank, Raj Bhavan Road Branch, RV’s Kamala Castle, 1st Floor, # 6-3-899/1, Raj Bhavan Road, Somajiguda, Hyderabad – 500 082, Telangana State, Ph: 040-23421529, +91- 9000281788 during office hours or the Bank’s approved service provider M/s C1 India Pvt. Ltd., Plot No.301, 1st Floor, Udyog Vihar Phase-2, Gurgaon, Haryna, email: [email protected], Helpline: 0124-4302020, Mr. BM Gandhi [email protected], Ph: 09700333933.

DATE: 26.05.2016 Sd/- PLACE : Hyderabad Authorized Officer

PUBLIC NOTICE FOR E-AUCTION FOR SALE OF IMMOVABLE PROPERTIES

Sale of Immovable property mortgaged to Bank under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (No.54 of 2002) whereas, the Authorized Officer of Indian Overseas Bank has taken possession of the following property pursuant to the notice issued under Section 13 (2) of the Security Interest (Enforcement) Rules 2002 in the following loan account with right to sell the same on “AS IS WHERE IS BASIS and AS IS WHAT IS BASIS” for realization of Bank’s dues plus interest as detailed hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realize the Bank’s dues by sale of the said property. The sale will be done by the undersigned through e- auction platform provided at the Web Portal http://www.bankeauctions.com.

Name of the Account: M/s 7 Seas Entertainment Ltd. Date of NPA: 01.10.2014 Date of Demand Notice: 02.02.2015 Date of possession notice: 08.05.2015 Outstanding Amount: Rs. 4,18,03,942/-- as on 26.05.2016 with further interest thereon

Lot-1: All the part and parcel of open plot to the extent of 313.33 sq. yds situated at Sy. No. 416/4, Plot No. 38, Vill: Prabhunagar, Poranki Gram Panchayat, Penamaluru Mandal, Vijaywada, Krishna Dist., Registered in SRO kankipadu, standing in the name of Mrs. L. Usha Kumari mother of promoter Mr. L.Maruti Shanker and Bounded By

On the North by Plot No. 39 belongs to N Ramakrishna Sastry On the South by Plot No. 37 belongs to S Varahananda Shaila On the East by Compound Wall of V Seshagiri Rao On the West by 33 ft Gram Panchayathi Road

Place: Vijayawada Pincode: 521137

Reserve Price: Rs. 94,94,949/- EMD : Rs. 9,49,495/- Date and Time of auction: 14.07.2016 between 12:00 Noon to 02:00 PM with auto extension of five minutes each till sale is completed. Last date for submission of online application for BID with EMD: 11.07.2016 Bid increase amount: Rs.50,000/- Encumbrance if any: NIL Inspection of property : 02.06.2016

Lot-II: All the part and parcel of open plot to the extent of 485 sq. Yards situated at Sy. No.404/1, Poranki Bandar Road, Poranki Gram Panchayat, Penamaralu Mandal, Krishna District, Vijaywada Registered at SRO Kankipadu, standing in the name of Mrs. L. Hemalatha w/o Mr. L. Maruti Shankar and bounded by:

On the North by Property belongs to Ravi Radhakrishna Murthy On the South by Property belongs to 2nd vendor On the East by 45 ft Road On the West by Canal

Place: Vijayawada Pincode: 521137

Reserve Price: Rs. 1,80,55,556/- EMD : Rs. 18,05,556/- Date and Time of auction: 14.07.2016 between 12:00 Noon to 02:00 PM with auto extension of five minutes each till sale is completed. Last date for submission of online application for BID with EMD: 11.07.2016 Bid increase amount: Rs.50,000/- Encumbrance if any: NIL Inspection of property : 02.06.2016

For terms and conditions, please visit http://www.bankeauctions.com. & www.publishtenders.gov.in for further information please contact to 040-23421528/ 23421529/09000281788/8886845560.

Place: Hyderabad Sd/- Date: 26.05.2016 Authorised Officer

INDIAN OVERSEAS BANK RAJBHAVAN ROAD BRANCH, HYDERABAD

ONLINE E-AUCTION BID FORM (Read carefully the terms and conditions of sale before filling-up and submitting the bid)

1. Name (s) of bidder (in capital)

2. Father’s /Husband’s Name

3. Postal address of bidder(s)

4. Phone / Cell number and email ID 5. Bank Account Details to which EMD amount to be returned i) Bank A/c No. ii) IFSC Code No. iii) Branch Name iv) Name of the Bank 6. Date of submission of bid 7. PAN number 8. Property Item No. 9. Whether EMD remitted 10. EMD remittance details* Date of remittance Name of Bank Branch Account No. IFSC Code UTR No. 11. Bid amount quoted Rs. ……………………./- (Rupees ……………………………………… ………………………………………………… ………………………………………Only)

I declare that I have read and understood all the terms and conditions of auction sale and shall abide by them.

(Digital Signature of the Bidder) *mandatory. Bidders are advised to preserve the EMD remittance challan.

DECLARATION

Date:

To: The Authorised Officer, Indian Overseas Bank, Rajbhavan Road Branch.

1. I/we, the Bidder/s aforesaid do hereby state that, I/we have read the entire terms and conditions of the sale and understood them fully. I/we, hereby unconditionally agree to conform with and to be bound by the said terms and conditions and agree to take part in the Online Auction.

2. I/we declare that the EMD and other deposits towards purchase-price were made by me/us as against my/our bid and that the particulars remittance given by me/us in the bid form is true and correct.

3. I/we further declare that the information revealed by me/us in the bid document is true and correct to the best of my/our belief. I/we understand and agree that if any of the statement/information revealed by me/us is found to be incorrect and/or untrue, the bid submitted by me/us is liable to be cancelled and in such case, the EMD paid by me/us is liable to be forfeited by the Bank and the Bank will be at liberty to annul the offer made to me/us at any point of time.

4. I/we also agree that after my/our offer given in my/our bid for purchase of the assets is accepted by the Bank and I/we fail to accept or act upon the terms and conditions of the sale or am/are not able to complete the transaction within the time limit specified for any reason whatsoever and/or fail to fulfill any/all the terms and conditions of the and offer letter, the EMD and any other monies paid by me/us along with the bid and thereafter, are liable to be forfeited.

5. The decision taken by the Authorised Officer of the Bank in all respects shall be binding on me/us.

6. I also undertake to abide by the additional conditions if announced during the auction including the announcement of correcting and/or additions or deletions of times being offered for sale.

Digital Signature: Name: Address:

email ID: Mobile: