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Guntur Branch [0150], #4-3-34, Behind Hindu College G.T.Road, Guntur – 522003

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Guntur Branch [0150], #4-3-34, Behind Hindu College G.T.Road, Guntur – 522003 GUNTUR BRANCH [0150], #4-3-34, BEHIND HINDU COLLEGE G.T.ROAD, GUNTUR – 522003 E-AUCTION SALE NOTICE E-Auction Sale Notice for Sale of Immovable Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 8 (6) of the Security Interest (Enforcement) Rules, 2002. Notice is hereby given to the public in general and in particular to the Borrower (s) and Guarantor (s) that the below described immovable property/ies mortgaged/charged to Union Bank of India (e-Corporation Bank), Guntur Branch, Guntur the physical possessions of which has been taken by the Authorised Officer of Union Bank of India (e-Corporation Bank), Guntur Branch, Guntur will be sold on "As is where is","As is what is" and "Whatever there is" on 18-11-2020, for recovery of outstanding dues and other expenses due to Union Bank of India (e-Corporation Bank), Guntur Branch, Guntur from the following Borrowers and Guarantors. Last Date for submission of Bids:17-11-2020. The Reserve Price and Earnest Money Deposit will be as under. Borrower/s: 1 M/s Sri Eswara Cotton Ginning Mill Represented by: Prop: Modepalli Hymavathi W/o Narasimha Rao, 8/215/4/a,c/o anjani cotton pvt ltd. ananthavarappadu road, etukuru,guntur -522017 2. Modepalli Hymavathi W/o Narasimha Rao, D.no: 9-96, pedaparimi, thullur mandal, guntur district. Guarantor/s: 1.Mr. Kondaveeti Srinivasa Rao S/o China Raja Rao Flat No: 401, Svr Mysonet,4/2 Chandramouli Nagar,Guntur.2.Smt. Kondaveeti Siva Kumari W/o Srinivasa Rao, Flat No: 401, Svr Mysonet, 4/2 Chandramouli Nagar, Guntur. Amount Outstanding: Rs 3, 16,53,862.76/-(Rupees Three Crore Sixteen Lakhs Fifty Three Thousand Eight Hundred Sixty Two and Paise Seventy Six only) as on 03.04.2019 along with further interest at contracted rate from 04.04.2019 and other expenses. 1. Description of The Property: Guntur district, nallapadu sub district chinapalakaluru village sivar, mallavaram village panchayath area in chinapalakaluru village D.No.191/A with an extent of ac 2.80 cents land which is made into plots and plot no.10 standing in the name of kondaveeti srinivasa rao. East: Site of plot No. 11 gifted by donor to donee---125’-00” Ft West : SITE OF Plot No.9 gifted by donor to done 125’-00” North: 30 Ft wide Road --93’-00” Ft South: Site of Plot No 6 --- 94'-04” Within These boundaries an extent of 1293.86 sq yds or 1081.83 sq mts site only. Reserve price : Rs.45,00,000 Earnest Money Deposit: Rs. 4,50,000/- Bid Increment: Rs. 25,000/- 2. Description of The Property: Guntur district, Nallapadu sub District Chinapalakaluru Village Sivar , Mallavaram Village Panchayath area in Chinapalakaluru Village D.No.191/A with an extent of AC 2.80 cents land which is made into plots and Plot No.11 .Standing in the Name of Kondaveeti Srinivasa Rao. East: Site of Plot No.12 gifted by donor to donee –125 Ft West: Site of Plot No.10 gifted by donor to done ---125 ft. North: 30 ft wide road – 93 ft. South: Site of Plot No 7 to some extent, site of Plot no 6. To some extent -93 ft Within these boundaries an extent 1283.87 sq .yds or 1073.48 Sq.mts site only. Reserve price : Rs. 45,00,000 Earnest Money Deposit: Rs. Rs.4,50,000/- Bid Increment: Rs. 25,000/- 3. Description of The Property: Guntur district Nallapadu Sub district ,area within Guntur Municipal Corporation Limits (Guntur , 9th line, Syamala nagar area property near to Door No 2-14-159/10c) in Nallapadu village D.No.217 with an extent of 477.86 sq yds or 399.53 sq mts.site in that an undivided and unspecified share of 47.786 sq yds or 39.955 sq mts .site an apartment complex called Aditya Parasdise situated in Ground Floor bearing Flat No.101 Triple Bed room Flat. Standing in the Name of Kondaveeti Siva Kumari. East: Open to Sky Common Corridor and Stair Case. West: Open to Sky. North: Open to Sky. South: Open to Sky. Within these boundaries 1570 sq ft (common area) with all other Common, joint and easementary rights. Reserve price : Rs.47,00,000 Earnest Money Deposit: Rs. 4,70,000/- Bid Increment: Rs. 25,000/- 4. Description of The Property: Guntur District, Tadikonda Sub District Jonnalagadda Grama Panchayath area site which is western side to Gullalkonda in Jonnalagadda Village D NO. 266 within which vendor has right an extent of 3630 sq yds .site Northern side an extent of 1210 sq yds .site. Standing in the Name of Kondaveeti Siva Kumari. East: Land of Immadi Punnaiah --93 ft West: Sarkar Donka --93 ft North: Land of Bonthu Pitchi Reddy --115 ft South: Site Gifted by vendor to his wife Mandava Nagamani --119’-06” Within these boundaries an extent of 1210 sq.yds or 1011.71 sq.mts site only. Reserve price : Rs. 65,00,000 Earnest Money Deposit: Rs. Rs.6,50,000/- Bid Increment: Rs. 25,000/- For detailed terms and conditions of the sale, please refer to the link provided in Union Bank of India (e-Corporation Bank) website i.e. www.unionbankofindia.co.in. The E-auction will be conducted through e-auction Portal: www.bankeauctionwizard.com M/s_ANTARESSYSTEM LIMITED #24,Sudha Complex, 3rd Stage, 4th Block, Basaveswaranagar, Bangalore-560079 Helpline No’s: 080- 49352000, 9686196753/55/56 Contact Person : Manohar.S E-Mail Id:- [email protected]. To the best information and knowledge of the Authorized Officer, there is no encumbrance on the property. The interested bidder may contact the AUTHORISED OFFICER Mr. Guggilam Srinivasa Rao ascertaining the details of auction and inspection of property on the date mentioned as above Contact No.9912703928. Mail Id: [email protected] STATUTORY 15 DAYS SALE NOTICE UNDER RULE 8(6) RULE 9(1) OF SECURITY INTEREST (ENFORCEMENT) RULES 2002 This may also be treated as notice u/r 8(6) / Rule 9(1) of security Interest (Enforcement) Rules, 2002 to the borrower/s and Guarantor/s of the said loan about the holding of E-Auction Sale on the above mentioned date. Date: 27.10.2020 Place: Guntur Sd/- Authorised Officer, Union Bank Of India(e-Corporation Bank), Guntur Branch. .
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