(A GOVERNMENT OF UNDERTAKING) OVERSEAS BRANCH ,

Ref: CB/OB/SARFAESI/HOLPL/2019 Date: 11.03.2019

TO

Smt. Nirmala Devasani Mr. Damaodar Devadas Devasani W/o Mr. Damaodar Devadas Devasani Seashell enclave Seashell enclave Row House No.3 Row House No.3 Besides Sai Baba Temple Besides Sai Baba Temple Waltair Uplands VISAKHAPATNAM VISAKHAPATNAM

Sri Pradeep Kambala C/O Mr. Damaodar Devadas Devasani Smt. Surisetty Aruna Rani Devi, W/o Surisetty Satyanarayana Seashell enclave 49-44-28/3, Row House No.3 S S Towers, , Akkayyapalem, Besides Sai Baba Temple Visakhapatnam-530016 Waltair Uplands VISAKHAPATNAM

Madam/Dear Sir,

Sub: Notice under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Rule 8(6) of the Security Interest (Enforcement) Rules, 2002

As you are aware, I on behalf of Canara Bank, OVERSEAS BRANCH , VISAKHAPATNAM BRANCH, have taken possession of the assets described in Schedule of Sale Notice annexed hereto in terms of Section 13(4) of the subject Act in connection with outstanding dues payable by M/s M/S HOLLY OFFSHORE LOGISTICS PVT LTD to our OVERSEAS BRANCH , VISAKHAPATNAM Branch

The undersigned proposes to sell the assets (through e-auction) more fully described in the Schedule of Sale Notice.

Hence, in terms of the provisions of the subject Act and Rules made there under, I am herewith sending the Sale Notice (e-auction notice) containing terms and conditions of the sale. You are hereby given a last and final opportunity to discharge the liability in full as stated in the Sale Notice enclosed within 15 days from the date of this notice, and reclaim the assets which have been possessed by the bank, failing which the assets will be sold as per the terms and conditions set out in the enclosed Sale Notice.

This is without prejudice to any other rights available to the Bank under the subject Act/ or any other law in force.

Yours faithfully,

AUTHORISED OFFICER CANARA BANK

ENCLOSURE – SALE NOTICE

(A GOVERNMENT OF INDIA UNDERTAKING) OVERSEAS BRANCH , VISAKHAPATNAM BRANCH

E-AUCTION NOTICE

SALE NOTICE OF IMMOVABLE PROPERTIES THROUGH E-AUCTION (ONLINE AUCTION) UNDER RULES 8(6) & (9) OF THE SECURITY INTEREST (ENFORCEMENT) RULES 2002

Notice is hereby given to the effect that the immovable properties described herein, taken possession under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 and Security Interest (Enforcement) Rules 2002, will be sold through e-auction on the following terms & conditions.

1. Name and Address of the Secured Creditor: CANARA BANK, OVERSEAS BRANCH , VISAKHAPATNAM

2. Name and Address of the Borrower : M/S HOLLY OFFSHORE LOGISTICS PVT LTD Visakhapatnam

3. Total liabilities as on date : Rs.8,35,63,439.24 plus further interest from 01.03.2019 And other charges in the accounts 2377256000002, 2377773002139

4. Last Date & Time for receipt of tender documents 27.03.2019, 5.00 pm can also be submitted offline to concerned Branch.

5. Address in which the tender document to be submitted: https://canarabank.auctiontiger.net

6. (a) Date & Time of e- auction: 28.03.2019 BETWEEN 10.30am TO 16.00 pm (With unlimited extension of 5 minutes duration each) (b) Portal of e- auction : https://canarabank.auctiontiger.net 7. Details of Property/ies:

ITEM NO.1:-

Site Measuring an Extent of 472.65s sqyd together with Rcc Building Consisting of Ground +

3Floors with Plinth area 4096 sft each Door No.49-44-28/3 Sy 46part (ST. MARY SCHOOL

BUILDING) at Jagannadhapuram, Akkayyapalem Area Greater Visakhapatnam Municipal,

Dwarakanagar sub limits.

East: S S Towers Apartment South: Property belongs to Sadaaram Apparao West: 30 Feet Wide Road North: 30 Feet Wide Road

ITEM NO. 2

MODTD of 4206.77 sqyds of vacant residential plot Nos.

38,39,40,42,43,44,45,47,48,50,51,55,56,57,58,59,60,61,62 situated at Sy no.195/1 to

10, 195/20 to 32 of Chanduluru and Lachampeta Village, L Kota Mandal, Vizianagaram

District, Approved layout DTCP in the name of Smt.Nirmala Devasani & Damodar Devadas

Devasani. (Sale Deed No.3592/2015 Dt.2-7-2015) with the following boundaries:- Plot NO.38 – 274.71 sq yds East: 40 Feet Road South: Plot No.49 West: Plot No.39 North: 40 Feet Road

Plot NO.39 – 210.65 sq yds East: Plot NO.38 South: Plot No.48 West: Plot No.40 North: 40 Feet Road

Plot NO.40 – 215.05 sq yds East: Plot NO.39 South: Plot No.47 West: Plot No.41 North: 40 Feet Road

Plot NO.42 – 220.36 sq yds East: Plot NO.41 South: Plot No.45 West: Plot No.43 North: 40 Feet Road

Plot NO.43 – 336.86 sq yds East: Plot NO.42 South: Plot No.44 West: Others Land North: 40 Feet Road

Plot NO.44 – 242.00 sq yds East: Plot NO.45 South: 33 feet Road West: Others Land North: Plot No.43

Plot NO.45 – 201.66 sq yds East: Plot NO.46 South:33 feet Road West: Plot NO. 44 North: Plot No.43

Plot NO.47 – 201.66 sq yds East: Plot NO.48 South:33 feet Road West: Plot NO. 46 North: Plot No.45

Plot NO.48 – 201.66 sq yds East: Plot NO.49 South:33 feet Road West: Plot NO. 47 North: Plot No.39

Plot NO.50 – 266.66sq yds

East: 33 feet Road South:Plot No. 51 West: Others Land North: 33 Feet Road

Plot NO.51 – 222.22 sq yds East: 33 feet Road South:Plot No. 52 West: 33 feet Road North: Plot No. 56

Plot NO.55 – 201.66 sq yds East: Plot No. 71 South:Plot No. 54 West: 33 feet Road North: Plot No. 56

Plot NO.56 – 201.66 sq yds East: Plot No. 70 South:Plot No. 55 West: 33 feet Road North: Plot No. 57

Plot NO.57 – 201.66 sq yds East: Plot No. 69 South:Plot No. 56 West: 33 feet Road North: Plot No. 58

Plot NO.58 – 201.66 sq yds East: Plot No. 68 South:Plot No. 57 West: 33 feet Road North: Plot No. 59

Plot NO.59 – 201.66 sq yds East: Plot No. 67 South:Plot No. 58 West: 33 feet Road North: Plot No. 60

Plot NO.60 – 201.66 sq yds East: Plot No. 66 South:Plot No. 59 West: 33 feet Road North: Plot No. 61

Plot NO.61 – 201.66 sq yds East: Plot No. 65 South:Plot No. 60 West: 33 feet Road North: Plot No. 62

Plot NO.62 – 201.66 sq yds East: Plot No. 64A South:Plot No. 61 West: 33 feet Road North: Plot No. 63

ITEM NO.3:-

iii) MODTD of 5129.71sqyds of vacant residential plot Nos. 8,9,10,11,12, 13,

19,20,21,22,23,24,25,26,33,34,35,36,37 (19 plots) situated at Sy no.195/1 to 10, 195/20 to 32 of Chanduluru and Lachampeta Village, L Kota Mandal, Vizianagaram District, Approved layout DTCP in the name of Smt. Nirmala Devasani & Damodar Devadas Devasani. (Sale Deed

No.3593/2015 Dt.2-7-2015) with the following boundaries of respective plot:

Plot No. 8 – 274.71 sq yds East: 33 feet Road South: 33 feet Road West: Plot No.21 North: 40 feet Road

Plot No. 9 – 311.11 sq yds East: 33 feet Road South: Plot NO.8 West: Plot No.20 North: Plot No.11

Plot No. 10 – 311.11 sq yds East: 33 feet Road South: Plot NO.9 West: Plot No.19 North: Plot No.11 Plot No. 11 – 311.11 sq yds East: 33 feet Road South: Plot NO.9 West: Plot No.18 North: Plot No.12

Plot No. 12 – 311.11 sq yds East: 33 feet Road South: Plot NO.11 West: Plot No.17 North: Plot No.13

Plot No. 13 – 311.11 sq yds East: 33 feet Road South: Plot NO.12 West: Plot No.16 North: Plot No.14

Plot No. 19 – 311.11 sq yds East: Plot No.10 South: Plot NO.20 West: 40 feet Road North: Plot No.18

Plot No. 20 – 311.11 sq yds East: Plot No.9 South: Plot NO.21 West: 40 feet Road North: Plot No.19

Plot No. 21 – 420 sq yds East: Plot No.8 South: 33 Feet Road West: 40 feet Road North: Plot No.20

Plot No. 22 – 249.33 sq yds East: Plot No.23 South: Plot No.37 West: 40 feet Road North: 33 Feet Road

Plot No. 23– – 201.66 sq yds East: Plot No.24 South: Plot No.36 West: Plot NO.22 North: 33 Feet Road

Plot No. 24 – 201.66 sq yds East: Plot No.25 South: Plot No.35 West: Plot NO.23 North: 33 Feet Road

Plot No. 25 – 201.66 sq yds East: Plot No.26 South: Plot No.34 West: Plot NO.24 North: 33 Feet Road

Plot No. 26 – 201.66 sq yds East: Plot No.27 South: Plot No.33 West: Plot NO.25 North: 33 Feet Road

Plot No. 33 – 201.66 sq yds East: Plot No.32 South: 40 Feet Road West: Plot NO.34 North: Plot No. 26

Plot No. 34 – 201.66 sq yds East: Plot No.33 South: 40 Feet Road West: Plot NO.35 North: Plot No. 25

Plot No. 35 – 201.66 sq yds East: Plot No.34 South: 40 Feet Road West: Plot NO.36 North: Plot No. 24

Plot No. 36 – 201.66 sq yds East: Plot No.35 South: 40 Feet Road West: Plot NO.37 North: Plot No. 23

Plot No. 37 – 249.66 sq yds East: Plot No.36 South: 40 Feet Road West: 40 Feet Road North: Plot No. 22

8. Reserve Price:

Details of Securities & Value in (Rs. in Lakhs) RP Bid Fixed Money

4206.77 sqyds of vacant residential plot Nos. 37.86 3.79

38,39,40,42,43,44,45,47,48,50,51,55,56,57,58,59,60,61,62 situated at Sy no.195/1 to 10, 195/20 to 32 of Chanduluru and Lachampeta Village, L KotaMandal,

5129.71sqyds of vacant residential plot Nos. 8,9,10,11,12, 13, 46.18 4.62 19,20,21,22,23,24,25,26,33,34,35,36,37 (19 plots) situated at Sy no.195/1 to 10, 195/20 to 32 of Chanduluru and Lachampeta Village, L Kota Mandal, Vizianagaram District, Approved layout DTCP in the name of Smt. Nirmala Devasani & Damodar Devadas Devasani. (Sale Deed No.3593/2015 Dt.2-7-2015)

Site Measuring an Extent of 472.65s sqyd together with Rcc Building 350.00 35.00

Consisting of Ground + 3Floors with Plinth area 4254 sft each Door No.49-44-28/3

Sy 46part at Jagannadhapuram, Akkayyapalem Area Greater Visakhapatnam

Municipal, Dwarakanagar sub limits.

EMD & last date of deposit of EMD: as indicated aboveDt.27.03.2019, 5.00 pm

(Offline or Online)

OTHER TERMS AND CONDITIONS

The sale shall be subject to the conditions prescribed in the Security Interest (Enforcement) Rules, 2002 and to the following conditions

a. The property will be sold in “as is where is and as is what is" basis including encumbrances, if any. There is no encumbrance to the knowledge of the bank. b. Auction / bidding shall be only through “Online Electronic Bidding’’ through the website https://canarabank.auctiontiger.net. Bidders are advised to go through the website for detailed terms before taking part in the e-auction sale proceedings. c. The property can be inspected, with Prior Appointment with Authorized Officer, on Dt 21.03.2019 between 11am to 5.00pm. d. The property will not be sold below the Reserve Price and the participating bidders may improve their offer further during auction process.

e. Intending bidders shall hold a valid digital signature certificate and e-mail address. For details with regard to digital signature please contact M/s e-Procurement Technolgies Limited (Auction Tiger), https://canarabank.auctiontiger.net and contact Person for Vizag Region : Name : Ravikumar Chukka, Mobile :+91 8008617666, Email id : [email protected], Support & Backup Office : Support Team, Contact No Landline :+91 79 4023 0811/812/810; Toll free Number: 1800 103 5342, Mobile: +91 9898745874. f. The intending bidders should register their names at portal https://canarabank.auctiontiger.net and get their User ID and password free of cost. Prospective bidder may avail online training on E- auction from the service provider contact Person for Vizag Region : Name : Ravikumar Chukka, Mobile :+91 8008617666, Email id : [email protected], Support & Backup Office : Support Team, Contact No Landline :+91 79 4023 0811/812/810; Toll free Number: 1800 103 5342, Mobile: +91 9898745874.

g. EMD amount of 10% of the Reserve Price is to be deposited by way of Demand draft in favour of Authorized Officer, Canara Bank, Overseas Branch , Visakhapatnam Branch, OR shall be deposited through RTGS/NEFT/Fund Transfer to credit of account of Canara Bank, Overseas Branch , Visakhapatnam. Branch, A/c No 2377295000001 IFSC Code:CNRB0002377 on or before 27.03.2019, 5.00 pm ( Offline or Online) h. After payment of the EMD amount, the intending bidders should submit a copy of the following documents/details on or before 27.03.2019 5.00 PM, to Canara Bank, OVERSEAS BRANCH , VISAKHAPATNAM Branch, by hand or by email. (1) Demand Draft/Pay order towards EMD amount. If paid through RTGS/NEFT, acknowledgement receipt thereof with UTR No. (2) Photocopies of PAN Card, ID Proof and Address proof. However, successful bidder would have to produce these documents in original to the Bank at the time of making payment of balance amount of 25% of bid amount. (3) Bidders Name. Contact No. Address, E Mail Id. (4) Bidder’s A/c details for online refund of EMD. i. EMD deposited by the unsuccessful bidder shall be refunded to them within 2 days of finalization of sale. The EMD shall not carry any interest. j. Auction would commence at Reserve Price, as mentioned above. Bidders shall improve their offers in multiplies of Rs. 10,000. The bidder who submits the highest bid (not below the Reserve price) on closure of 'Online' auction shall be declared as successful bidder. Sale shall be confirmed in favour of the successful bidder, subject to confirmation of the same by the secured creditor.

k. The successful bidder shall deposit 25% of the sale price (inclusive of EMD already paid), immediately on declaring him/her as the successful bidder and the balance within 15 days from the date of confirmation of sale by the secured creditor. If the successful bidder fails to pay the sale price within the period stated above, the deposit made by him shall be forfeited by the Authorised Officer without any notice and property shall forthwith be put up for sale again. l. All charges for conveyance, stamp duty and registration charges etc., as applicable shall be borne by the successful bidder only. m. Authorised Officer reserves the right to postpone/cancel or vary the terms and conditions of the e-auction without assigning any reason thereof.

n. In case there are bidders who do not have access to the internet but interested in participating the e-auction, they can approach concerned Regional office or Overseas Branch , Visakhapatnam branch who as a facilitating centre shall make necessary arrangements. o. For further details contact Manager, Overseas Branch , Visakhapatnam branch (Ph. No 0891 2547926, Mob No. 8331015610) e-mail id [email protected] OR the the service provider M/s e-Procurement Technolgies Limited (Auction Tiger), https://canarabank.auctiontiger.net and contact Person for Vizag Region : Name : Ravikumar Chukka, Mobile :+91 8008617666, Email id : [email protected], Support & Backup Office : Support Team, Contact No Landline :+91 79 4023 0811/812/810; Toll free Number: 1800 103 5342, Support e-Mail: [email protected] Mobile: +91 9898745874.

Special Instruction/Caution Bidding in the last minutes/seconds should be avoided by the bidders in their own interest. Neither Canara Bank nor the Service Provider will be responsible for any lapses/failure (Internet failure, Power failure, etc.) on the part of the bidder or vendor in such cases. In order to ward off such contingent situation, bidders are requested to make all the necessary arrangements/alternatives such as back –up, power supply and whatever else required so that they are able to circumvent such situation and are able to participate in the auction successfully.

Place: Visakhapatnam AUTHORISED OFFICER Date: 11.03.2019 CANARA BANK OVERSEAS BRANCH , VISAKHAPATNAM