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SME Kakinada Branch, Door No:2-43-41/A,50 SME Kakinada Branch, Door No:2-43-41/A,50 Buildings Centre,Bhaskar Nagar, East Godavari District, Andhra Pradesh-533003 Ph: 0884-2376246 Email id: [email protected] Date:29.08.2019 INTENDING SALE NOTICE OF IMMOVABLE SECURED ASSETS (Issued under Rule 8(6) Rule / 9(1) of the Security Interest (Enforcement) Rules 2002) To 1. M/s Sri Satya Deva Cashew Industries, Prop:Ms.Konda Naga Jyothirmai, D/o Konda Venkata Satyanarayana, Door No.5-112, Ayyapuraju Village, A.Kothapalli Panchayat, Thondangi Mandal, East Godavari District, Andhra Pradesh – 533408 ….BORROWER/MORTGAGOR Sir/Madam, 1. This has reference to recovery actions initiated against you under the provisions of the SARFAESI Act 2002. 2. Please refer to the possession notice dated 05.02.2016 issued to you regarding taking possession of the secured assets at more fully described in the schedule below and the publication of the said possession notice in “Eenadu” and “The Hindu” on 28.04.2017 by the authorized officer for the purpose of realization of the secured assets in exercise of the powers conferred on the bank as secured creditor under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the rules there under. 3. You the above mentioned Borrower / mortgagors / guarantors have failed to pay the dues in full save and except payments if any after issuance of demand notice dated 27.11.2015. Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as is what is” condition under section 13(4) of the Act read with Rules 8 of the Security Interest (Enforcement) Rules, 2002. 4. After appropriating the repayments, the dues in the loan accounts as on 27.08.2019 is Rs.12,35,093/-(Rupees Twelve Lakhs Thirty Five Thousand And Ninety Three Only) along with further interest at contractual rates and rests, besides cost plus actual expenses made for property maintenance. 5. We hereby give you notice of 15 days that the below mentioned secured asset shall be sold by the undersigned on 16.09.2019 between 10.00 A.M to 12.00 Noon, with auto extension of 5 minutes through E – auction using (https://iob.auctiontiger.net). DESCRIPTION OF THE IMMOVABLE PROPERTY (Property owned by Ms. Konda Naga Jyothirmai D/o Konda Venkata Satyanarayana) (Property covered by document No-5757/2012 dated 04.08.2012 in SRO Tuni ) Factory shed with total site admeasuring 213 Sq yards located at RS No. 302/1,Old Assessment No- 479,New Assessment No-980,D.No-5-112, Ayyapuraju Village, A.Kothapalli Panchayat, Thondangi Mandal, Tuni Sub Registrar,East Godavari Dist, Andhra Pradesh, Pin-533408 and bounded by: East : House of Bonda Subrahmanyam West : Main Road North : Lane South: House of Namala Bhimeswara Rao Date: 29.08.2019 Authorized Officer Place: Visakhapatnam Indian Overseas Bank PAPER PUBLICATION FORMAT OF E- AUCTION NOTICE FOR SALE OF IMMOVABLE PROPERTIES SME Kakinada Branch, Door No:2-43-41/A,50 Buildings Centre,Bhaskar Nagar, East Godavari District, Andhra Pradesh-533003 Ph: 0884-2376246 Email id: [email protected] Date:29.08.2019 E-AUCTION SALE NOTICE (Under Proviso to Rule 8(6) / Rule 9(1) of Security Interest (Enforcement) Rules) E-Auction Sale Notice of Immovable Assets under the Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002, Read With Provision to Rule 8(6) and 9(1) Of The Security Interest (Enforcement) Rules Act, 2002. Notice is hereby given to the public in general and in particular to the Borrower and Guarantor(s) that the below described immovable property mortgaged / charged to the secured creditor, the symbolic possession of which has been taken by the Authorized Officer of Indian Overseas Bank as Secured Creditor, will be sold ‘’ As is Where is’’, ‘’ As is what is’’ and ‘’Whatever there is’’ condition on 16.09.2019 for recovery of Rs.12,35,093/-(Rupees Twelve Lakhs Thirty Five Thousand And Ninety Three Only) as on 27.08.2019 along with further interest and costs due to the IOB as Secured creditor from M/s Sri Satya Deva Cashew Industries, Prop:Ms.Konda Naga Jyothirmai, D/o Konda Venkata Satyanarayana, Door No.5-112, Ayyapuraju Village, A.Kothapalli Panchayat, Thondangi Mandal, East Godavari District,Andhra Pradesh – 533408(Borrower/Mortgagor) Reserve Price: Rs.8,50,000/- (Rupees Eight Lakhs Fifty Thousand Only) Earnest Money Deposit: 10% of Reserved Price i.e. Rs.85,000/- (Rupees Eighty Five Thousand Only) DESCRIPTION OF THE IMMOVABLE PROPERTY (Property owned by Ms. Konda Naga Jyothirmai D/o Konda Venkata Satyanarayana) (Property covered by document No-5757/2012 dated 04.08.2012 in SRO Tuni ) Factory shed with total site admeasuring 213 Sq yards located at RS No. 302/1,Old Assessment No- 479,New Assessment No-980,D.No-5-112, Ayyapuraju Village, A.Kothapalli Panchayat, Thondangi Mandal, Tuni Sub Registrar,East Godavari Dist, Andhra Pradesh, Pin-533408 and bounded by: East : House of Bonda Subrahmanyam; West: Main Road North: Lane ; South: House of Namala Bhimeswara Rao With all Easementary Rights For detailed terms and conditions of the sale, please refer to the link provided in IOB online secured creditor’s website i.e.www.iob.in (https://www.iob.in/TenderDetails.aspx?Tendertype=E_Auction); https://www.publishtenders.gov.in or service provider’s website: https://iob.auctiontiger.net. For further details please contact: 0884-2376246 Date: 29.08.2019 Authorized Officer Place: Visakhapatnam Indian Overseas Bank SME Kakinada Branch, Door No:2-43-41/A,50 Buildings Centre,Bhaskar Nagar, East Godavari District, Andhra Pradesh-533003 Ph: 0884-2376246 Email id: [email protected] Date:29.08.2019 ANNEXURE II 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 1 M/s Sri Satya Deva Cashew Industries, Prop:Ms.Konda Naga Jyothirmai, D/o Konda Venkata Satyanarayana, Door No.5-112, Ayyapuraju Village, A.Kothapalli Panchayat, Thondangi Mandal, East Godavari District,Andhra Pradesh – 533408(Borrower/Mortgagor) has borrowed monies from Indian overseas Bank against the mortgage of the immovable properties more fully described in the schedule here under and the Bank has issued a demand notice under section 13(2) of the SARFAESI Act, 2002 on 27.11.2015 calling upon M/s Sri Satya Deva Cashew Industries, Prop:Ms.Konda Naga Jyothirmai, D/o Konda Venkata Satyanarayana, Door No.5-112, Ayyapuraju Village, A.Kothapalli Panchayat, Thondangi Mandal, East Godavari District,Andhra Pradesh – 533408(Borrower/Mortgagor) to pay the amount due to the bank, being Rs. 23,71,963/- ( Rupees Twenty Three Lakhs Seventy One Thousand Nine Hundred And Sixty Three only) as on date of notice with further interest and costs, and expenses within 60 days from the date of the said notice. Whereas the borrowers and the Guarantors having failed to pay the amount due to the Bank as called for in the said demand notice, the Bank has issued possession notice on 05.02.2016 and has taken symbolic possession of the secured asset more fully described in the schedule hereunder on 05.02.016 under Section 13 (4) of the Act read with Rules 8 & 9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank’s dues. The dues to the bank as on the date of taking possession was intimated as Rs. 24,28,668/- ( Rupees Twenty Four Lakhs Twenty Eight Thousand Six Hundred And Sixty Eight Only ) as on 05.02.2016 payable together with further interest at contractual rates and rests along with costs, charges etc. till date of repayment, after reckoning repayments, if any, since the date mentioned in the demand notice. The dues of the borrower works out to Rs.12,35,093/-(Rupees Twelve Lakhs Thirty Five Thousand And Ninety Three Only) as on 27.08.2019 along with further interest at contractual rates and rests, besides costs + actual expenses made for property maintenance after reckoning repayments, if any, subsequent to the Bank issuing demand notice. The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank’s dues by sale of the under mentioned properties in “As is where is”, “As is what is” and “Whatever there is” condition: DESCRIPTION OF THE IMMOVABLE PROPERTY (Property owned by Ms. Konda Naga Jyothirmai D/o Konda Venkata Satyanarayana) (Property covered by document No-5757/2012 dated 04.08.2012 in SRO Tuni ) Factory shed with total site admeasuring 213 Sq yards located at RS No. 302/1,Old Assessment No- 479,New Assessment No-980,D.No-5-112, Ayyapuraju Village, A.Kothapalli Panchayat, Thondangi Mandal, Tuni Sub Registrar,East Godavari Dist, Andhra Pradesh, Pin-533408 and bounded by: East : House of Bonda Subrahmanyam West: Main Road North: Lane South: House of Namala Bhimeswara Rao Date and time of e – auction 16.09.2019 between 10 AM and 12.00 Noon with auto extension of 5 minutes each till sale is completed. Reserve Price Rs.8,50,000/- (Rupees Eight Lakhs Fifty Thousand Only) Earnest Money Deposit 10% of Reserved Price i.e. Rs.85,000/- (Rupees Eighty Five Thousand Only) EMD Remittance Deposit through EFT / NEFT / RTGS transfer in favor of Authorized officer, IOB, SME Kakinada Branch to the credit of Current Account No. 260402000000166 , IFSC Code IOBA0002604, Branch Address: Indian Overseas Bank, SME Kakinada Branch, Door No:2-43-41/A,50 Buildings Centre,Bhaskar Nagar,East Godavari District, Andhra Pradesh-533003 Bid Multiplier Rs.25,000/- Inspection of property 09.09.2019 Submission of online 03.09.2019 application for bid with EMD Last date for submission of 13.09.2019 online application for BID with EMD Known Encumbrance if any Nil *Outstanding dues Not Known (To be Borne by the auction purchaser only, If any) Rs……….
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