Branch/Office :Visakhapatnam D.No:13/26/2, ववजयय बकब Apuroopa Arcade, (भयरत सरकयर कय उपकम) Maharanipeta, VIJAYA BANK Visakhapatnam-530002 (A Govt. of India Undertaking) ई-म इल पधयन कयययरलय Head Office Email : [email protected] 41/2, एम ज र ड M G Road व ब Web : www.vijayabank.com Phone : 0891-2706218, 2562871 बबगललर Bangalore – 560 001 फफन फफकक Fax : 0891-2562871
E-AUCTION SALE NOTICE
Notice is hereby given to the public in general and to the Borrower/s and Guarantor/s in particular by the Authorised Officer, that the under mentioned property mortgaged to Vijaya Bank taken possession under the provisions of Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by E – Tender – Cum – Auction as mentioned below for recovery of under mentioned dues and further interest, charges and cost etc, as detailed below.
This is also a Notice to the Borrower/s and to the Guarantor/s of the below said loan about the holding of E-Auction Sale on the below mentioned date, if their outstanding dues are not repaid in full.
NAME AND ADDRESS OF BORROWER/ MORTGAGER:- M/s M M Transpoirts, its Regd Office at D No:139/4, Srctor 4, M V P Colony, Visakhapatnam-530017, Represented by its Partners:1) Sri Mallakanti Malyadri s/o Ramaiah, Flat No:403, 4th Floor, Uma Residency,Beach Road, Visakhapatnam-530003, 2) Smt Mallakanti Suhasini, W/o M Malyadri, Flat No:403, 4th Floor, Uma Residency, Beach Road, Visakhapatnam-530003
GUARANTOR:– 1) Sri Mallakanti Malyadri s/o Ramaiah, Flat No:403, 4th Floor, Uma Residency,Beach Road, Visakhapatnam-530003, 2) Smt Mallakanti Suhasini, W/o M Malyadri, Flat No:403, 4th Floor, Uma Residency, Beach Road, Visakhapatnam-530003
The under mentioned property will be sold by Online e-Auction through website https://vijayabank.auctiontiger.net on 12.05.2017 for Recovery of an amount of Rs.51,82,137.00 (Rupees Fifty One Lakhs Eighty Two Thousand One Hundred and Thirty Seven Only) as on 31.03.2017 in Loan A/c.No. 402606211000007 from the Borrower & Guarantor jointly, severally and personally along with future interest and other expenses till the date of realization with costs. 12/05/2017 between 11.00 A.M and 12.00 Noon with unlimited extension Date and Time of of ‘10’minutes i.e., the end time of e-auction will be extended by 10 Auction minutes each time if bid is made within the last 10 minutes before closure of auction. Reserve Price Rs.43,00,000/- (Rupees Forty Three Lakhs Only) Earnest Money Rs.4,30,000/- (Rupees Four Lakhs Thirty Thousand Only) Deposit Bid increment Rs.10,000/- (Rupees Ten Thousand Only) or in such multiples Amount Date of Inspection 04/05/2017 & 06/05/2017 of property for intending purchasers
SCHEDULE OF THE PROPERTY
All that Land & Building admeasuring 70 Sq. yds in R S.No:2/P. regd. Under document no:4060 dated 21.07.2014 situated in Flat No:403 & 503 in Third Floor and Fourth Floor, Duplex Flat, MM Paradise, Padma Housing Colony, Madhurawada Village, Sai Priya Gardens Area Zone-1, Visakhapatnam standing in the name of Smt. Mallikanti Suhasini bounded by:
Boundaries of the site: Boundaries of the Flat: East : Land of kolli Ramana Murthy East: Open to sky West : Land of Pothina Suryanarayana West: common corridor and flat No:406 South : Gedda North: open to sky & lift North : Road South: open sky
STATUTORY 15 DAYS SALE NOTICE IN RESPECT OF IMMOVABLE PROPERTY UNDER SARFAESI ACT The Borrower/Guarantors are hereby notice to pay the sum mentioned above within 15 days from the date of publication of this notice failing which the Bank shall sell the property as the provision laid down in the SARFAESI ACT, 2002.
Terms and conditions of Sale:
1. Auction/bidding shall only be through “online electronic mode” through the website of the Service Provider https://vijayabank.auctiontiger.net, M/s e-Procurement Technologies Limited , Ahmedabad is the Service Provider to arrange e-auction platform. 2. The bidders may participate in e-auction for bidding from their place of choice internet connectivity shall have to be ensured by the bidder himself. Bank/Service Provider shall not be held responsible for the internet connectivity, network problems, system crash down, power failure etc. 3. For details, help, procedure and online training on e-auction prospective bidders may contact the Service Provider viz M/s e-Procurement Technologies Limited, Ahmedabad. Contact No. 91-79-41072523/524/522, Mob no. 9978591888,8008617666, E-Mail Id: [email protected] , [email protected], [email protected]
4. Bidders are advised to go through the website https:// vijayabank.auctiontiger.net for detailed terms and conditions of auction sale & auction application form before submitting their Bids for taking part in the e-auction sale proceedings. 5. For participating in e-auction sale the intending bidders should register their details with the Service Provider M/s e-Procurement Technologies Limited, Ahmedabad, well in advance and get the User ID and password. Only the password may be changed on receiving it. 6. For participating in e-auction, intending bidders have to deposit a refundable EMD of 10% of reserve price by way of DD/Bankers cheque favouring Vijaya Bank, Visakhapatnam Branch payable at Visakhapatnam. The intending bidders should submit the quotation along with the Demand Draft towards EMD in a sealed cover by 4.00 PM on 09.05.2017 to the Authorized Officer, Vijaya Bank, Visakhapatnam Branch. The sealed cover should be super scribed with “Quotation for participating in e-auction sale – ‘’M/s M. M. Transports represented by its partners of (1) Sri Mallakanti Malyadri (2) Smt. Mallakanti Suhasini “ tender forms may be collected from the banks office. 7. The Reserve Price below which the property “SHALL NOT” be sold is Rs.43,00,000/- (Rupees Forty Three Lakhs Only ) 8. The highest bidder in the e-auction immediately on closure of auction process should submit/sent the final price quoted by him by fax both to the Authorized Officer, Vijaya Bank, Visakhapatnam Branch, and service provider for getting declared as highest bidder in the auction. 9. The successful bidder should deposit 25% of the bid amount (including EMD) plus poundage fee of 1% of bid amount + Rs 10/- on the same day of the sale, being knocked down in his favor and balance 75% of bid amount within 15 days after the sale date by RTGS/NEFT/Funds Transfer to the credit of A/C No. 402600501000002 of Vijaya Bank, Visakhapatnam Branch through IFSC Code “VIJB0004026” or by Demand Draft /Pay Order in favor of Vijaya Bank, Visakhapatnam Branch payable at Visakhapatnam. 10. In case of default in payment at any stage by the successful bidder/auction purchaser within the stipulated time, the sale will be cancelled and the amount already paid will be forfeited and the property will be again put to sale. 11. The successful bidder shall bear the charges payable for conveyance, Registration fee, stamp duty etc., as applicable. 12. The property is being sold on “AS IS WHERE IS & WHAT IS BASIS” and subject to conditions prescribed in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 13. To the best of knowledge and information of the Authorised Officer, there is no encumbrance on any property. However, the intending bidders should make their own independent inquiries regarding the encumbrances, title of property put on auction and claims/rights/dues/effecting the property, prior to submitting their bid. The e-auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation of the bank. The property is being sold with all the existing and future encumbrances whether known or unknown to the bank. The Authorised Officer/Secured Creditor shall not be responsible in any way for any third party claims/rights/dues. 14. The purchaser shall bear the applicable stamp duties/additional stamp duty/transfer charges, fee etc., and also all the statutory/non-statutory dues, taxes, rates, assessment charges, fees etc., owing to anybody.
15. Bids once made shall not be cancelled or withdrawn. All bids made from the user ID given to bidder will be deemed to have been made by him only. 16. All bidders shall be deemed to have read and understood the terms and conditions of sale and be bound by them. 17. The Authorised Officer may postpone/cancel the e- Auction without assigning any reason thereof. 18. In case the e-Auction scheduled is postponed to a date before 7 days from the scheduled date of sale, it will be displayed on the website of the Service Provider.
Note: The intending bidders may contact the Authorised Officer, Vijaya Bank, Visakhapatnam Branch, D.No:13/26/2, Apuroopa Arcade, Maharanipeta, Visakhapatnam- 530002. for ascertaining the details of property and also for inspection of property on the date fixed by the Bank (Contact No. 089- 2706218, 2562871 and 98945 48304, 9866332262 Email ID: [email protected])
Place: Visakhapatnam Authorised Officer Date: 21.04.2017.
Vijaya Bank, Visakhapatnam Branch