SALE NOTICE - E- AUCTION {Rule 9 of Security Interest (Enforcement) Rules 2002} Whereas, NAMES of the BORROWERS : 1) Mr
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Eluru Road, Gudivada, Krishna District. Contact No: 08674-242248 (A Govt. of India Undertaking) Mail id: [email protected] SALE NOTICE - E- AUCTION {Rule 9 of Security Interest (Enforcement) Rules 2002} Whereas, NAMES OF THE BORROWERS : 1) Mr. Boppudi Praveen, S/o Subbarao, D. No. 2/89, Davajigudem village, Gannavaram Mandal, Krishna Dist. 2) Mrs. Boppudi Srilatha, W/o Praveen, D. No. 2/89, Davajigudem village, Gannavaram Mandal, Krishna Dist. 3) Mrs. Ghanta Vijaya Kumari, W/o Satyanarayana, D. No. 10-104-D, Rajendranagar, 2nd Lane, Gudivada, Krishna Dist. 4) Mrs. Gondi Kalpana, W/o Narendra, D. No. 2-97, Davajigudem village, Gannavaram Mandal, Krishna Dist. 5) Mr. Gondi Narendra, S/o Mrutyunjayudu, D. No. 2-97, Davajigudem village, Gannavaram Mandal, Krishna Dist. 6) Mr. Gutta Anil Babu, S/o Rammohan Rao, D. No. 1-81-1, Amudalapalli village, Unguturu Mandal, Krishna Dist. 7) Mr. Kakani Srinivasa Rao, S/o Gopala Krishna, D. No. 1-20, Tippanagunta, Bapulapadu Mandal, Krishna Dist. 8) Mrs. Kalapala Sailaja, W/o Sridhar, D. No. 5-107, Veeravalli village, Bapulapadu Mandal, Krishna Dist. 9) Mr. Kalapala Sridhar, S/o Rushya Rao, D. No. 5-107, Veeravalli village, Bapulapadu Mandal, Krishna Dist. 10) Mr. Movva Raghunath Babu, S/o Venkateswara Rao, D. No. 1-58, Tippanagunta village, Bapulapadu Mandal, Krishna Dist. 11) Mr. Movva Rammohan Rao, S/o Radha Krishna Murthy, D. No. 1-80-2, Tippanagunta, Bapulapadu Mandal, Krishna Dist. 12) Mrs. Movva Sri Lakshmi, W/o Raghunath Babu, D. No. 1-58, Tippanagunta village, Bapulapadu Mandal, Krishna Dist. 13) Mrs. Pothineni Padmaja, W/o Ramakrishna Prasad, D. No. 1-75-1, Perisepalli village, Pamarru Mandal, Krishna Dist. 14) Mr. Pothineni Ramakrishna Prasad, S/o Venkata Ratnam, D. No. 1-75-1, Perisepalli village, Pamarru Mandal, Krishna Dist. NAMES OF THE CO-OBLIGANT/MORTGAGOR : 1) Mr. Satahamraju Sai Kiran S/o Gopala Rao, Flat No. S4-2, Lavakusa Residency, D.No. 8-2-269/19/ S S- 1, Road No. 2, Adjacent to LV Prasad Eye institute, Banjarahills, Hyderabad. 2) Mr. Yalamanchili Venkata Satyanarayana Chowdary, S/o Narayana Rao, D.No. 8-2-269/SS-1, Lavakusa Residency, Road No. 2, Adjacent to L V Prasad Eye institute, Banjara Hills, Hyderabad. availed credit facilities from Andhra Bank, Gudivada Branch and have defaulted to pay and are due to the Bank Rs. 10,89,64,864.80 (Ten crores eighty nine lakhs sixty four thousand eight hundred sixty four and paise eighty only) as on 30.01.2016 plus further interest, costs and other charges. Therefore Andhra Bank in exercise of the Powers conferred under Section 13 of The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act 54 of 2002 has decided to sell the properties detailed below in Public auction to be conducted on line by way of e-auction through the website / Portal detailed hereunder. The reserve price of the Secured Asset detailed hereafter is fixed at Rs. 12,00,00,000 (Rupees Twelve crores only) below which the properties would not be sold. The persons interested in participating in the auction and purchasing the property shall deposit Rs. 1,20,00,000/- (Rupees One crore twenty lakhs only) towards earnest money by way of EFT/RTGS/NEFT transfer in favour of the Authorized Officer, Andhra Bank, Gudivada Branch to the credit of the A/c No.- 014611100002397, Andhra Bank, Gudivada Branch. The Branch Code being 0146, IFSC Code : ANDB0000146. The EMD has to be deposited before 4.00 p.m. before 27.06.2016. The intending purchaser holding valid User ID/Password and confirmed payment of EMD through NEFT/RTGS shall alone be eligible for participating in the e-auction process subject to clearance by the Authorized Officer. Minimum Bid multiples shall be 1% of the upset price or Rs. 5,00,000/- whichever is less. The property will be auctioned on 29th June, 2016 on the website M/s.C1 India P. Ltd between 15.00 hrs to 16.00 hrs with auto time extension of 5 minutes each, till the sale is concluded/closed. The properties would be sold to the bidder who offers highest price/bid, and the Sale shall be subject to confirmation by the Bank. If the borrower/guarantor pays the amount due to the Bank in full before the date of sale, no sale will be conducted. In respect of immovable property, the successful bidder/purchaser will have to deposit 25% of the price /bid amount immediately with Authorized Officer and in default of such deposit, the property shall forthwith be sold again. The balance 75% of the amount shall have to be deposited by the purchaser within 15 days from the date of confirmation of sale. If the amount is not paid within the stipulated time, the amount deposited will be forfeited and the bank will be at liberty to sell the property again. There are no encumbrances known to the Bank on the Properties. The parties interested to inspect the properties may do so from 01.06.2016 to 25.06.2016 between 3.00 p.m. and 5.00 p.m. The parties participating in the auction should carry out proper due diligence over the properties before participating in the auction. Bank shall not be responsible in any way at a later date for any dispute regarding the properties on any count. As per Section 194-IA of the Income Tax Act 1961, TDS @ 1% will be applicable on the sale proceeds where the sale consideration is Rs.50,00,000/-(Rupees Fifty Lakhs) and above. The successful bidder/purchaser shall deduct 1% TDS from the Sale Price and deposit the same with the Income Tax department in Form No 16-B, containing the Bank's name and the PAN No.AABCA7375C as a seller and submit the original receipt of the TDS Certificate to the Bank. The Purchaser shall be liable for payment of local taxes, Excise duty and any other statutory dues. The Registration charges and stamp duty on the documents executed for effecting the sale shall also be borne by the purchaser. The properties is put to auction as per the Terms and Conditions displayed on the website of the service provider on as is where is and as is what is basis. The intending bidders should make discreet enquiry as regards any claim, charges/encumbrances on the properties of any authority, beside the Bank's charges and should satisfy themselves about the title, extent, quality and quantity of the property before submitting their bid. No claim of whatsoever nature regarding the property put for sale, charges /encumbrances over the properties or on any matter etc will be entertained after submission of the online bid. The decision of the bank regarding sale of the properties shall be final, binding and will not be open to question. The Authorized Officer reserves the right to cancel or postpone the sale without ass igning any reasons. DESCRIPTION OF PROPERTIES Immovable Properties 3 Property - I : R.S. No. 253/7, bearing D.No. 10/75 with an extent of 2192 /4Sq. Yards and construction of Gopal Krishna 70MM Theatre (R.C.C. Roof Building in ground, First and Second Floor) on it named as “Bommarillu Theatre” situated in 10th ward , Eluru Road, Gudivada Municipality, Krishna Dist belonging to Mr. Y V S Chowdary represented by his GPA holder Mr.Satahamraju Sai Kiran bounded by : East : Property of Chandarala Siva Rama Krishna etc.; South: Property of Nadellavari street to some extent, Property of Gadireddi Prapulla Rani to some extent and property of M. Sivala Ram Ratan to some extent.; West: Machilipatnam to Nuzvid Road; North: Property of Ummileti Durga Prasad and Kontham Purnachandra Rao etc. Property-II : Vacant Site in R.S. No. 253/7, D.No. 10/75 to an extent of 31 Sq. Yards adjoining with Gopal Krishna 70MM Theatre (R.C.C. Roof Building in ground, First and Second Floor) namned as Bommarillu theatre situated in 10th ward, Eluru Road, Gudivada Municipality, Krishna Dist belonging to Mr. Y V S Chowdary represented by his GPA holder Mr.Satahamraju Sai Kiran bounded by : East : Property of Kontham Purnachandra Rao; South : Property of Item-I; West : Property of Akurathi Pardhasaradhi; North : Municipal Bazar. Name: M/s.C1 India P. Ltd. Address : C-104, Sector-2, NOIDA 201301. Through the e –auction Portal : www.bankeauctions.com. Helpline No's: +91-120/4888888 and 098100 29923. Help Line e-mail ID: [email protected]. Further details regarding the e- auction and the e-auction bid form, declaration form and detailed terms and conditions may be obtained from Andhra Bank Gudivada Branch, Krishna District. Contact Phone No.s 08674- 242248 ( M ) 8790663131 and the same are also available in the following websites : 1) www.bankeauctions.com; 2) www.andhrabank.in; 3) www.tenders.gov.in This is also a notice to the borrower (s)/guarantor (s)/mortgagor (s) of the above loan under Rule 8 (6) and Rule 9 of the Securitization and Reconstruction of Financial Assests & Enforcement of Security Interest Act 2002. Place : Gudivada Sd/- Asst. General Manager & Authorized Officer Date : 24-05-2016 Andhra Bank, Eluru Road, Gudivada Branch; Contact No: 08674-242248.