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11-11-6/2, Nookalamma Temple Road Fax No. 0884-2375978 Ramarao Pet, Kakinada-533 004 E-Mail : [email protected] East Godavari Dist

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11-11-6/2, Nookalamma Temple Road Fax No. 0884-2375978 Ramarao Pet, Kakinada-533 004 E-Mail : Iob0031@Iob.In East Godavari Dist 11-11-6/2, Nookalamma Temple Road Fax No. 0884-2375978 Ramarao Pet, Kakinada-533 004 E-Mail : [email protected] East Godavari Dist. , A. P IFSC Code: IOBA0000031 Ph.Nos.884-2375978, 2376256 Date: 08.02.2019 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 Proviso To Rule 8(6) Of The Security Interest (Enforcement) Rules Act,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 mortgaged / charged to the secured creditor, the physical possession of which has been taken by the Authorized Officer of Indian Overseas Bank Secured Creditor, will be sold on ‘’ As is Where is’’, ‘’ As is what is’’ and ‘’Whatever there is’’ on 12.03.2019 for recovery of Rs.1,07,07,006/- (dues as on 08.02.2019) with further interests and costs)due to the IOB Secured creditor from Late Sri.Gollapalli Apparao (Borrower / Mortgagor),. The reserve price will be: Rs.2,33,00,000/- (Rupees Two Crore Thirty Three Lakhs Only) Earnest Money Deposit will be: Rs.23,30,000/- (Rupees Twenty Three Lakhs Thirty Thousand Only) DESCRIPTION OF THE IMMOVABLE PROPERTY Property S.No Description of the Property Owned By Item no:1 covered under Registered Sale deed dt: 18-04-2002 vide doc 1 regd No: 630/2002 East Godavari District, Biccavolu Mandal, Biccavolu Sub Registry, Biccavolu Gram Panchauyat, Biccavolu Village, Zeroyathi Dry Land covered by Rs No: 55/3 an extent of Ac 0.96 (item no. i) in Eastern side in Ac 1.32 cents in middle out of total extent of Ac 5.70 cents and an extent of Ac 0.21 cents (item no;ii) in R S No: 54/1 on southern side in Ac 0.43 cents on the western Late Sri side out of total extent of Ac 9.86 cents and total of two items making Ac Gollapalli 1.17 cents or 0.474 hectares bounded by:- Apparao East : Land of Gollapalli Appa Rao purchsed from Vanga Ratna Kumari. West :Remaining land of Tadi Venkata Krishna Reddy in this Survey number. North : Land of Gollapalli Subbayamma purchased from Tadi Venkateshwara Reddy to some extent and Land of Subbayamma purchased from Tadi Venkata Krishna Reddy some extent.. South : Land of Vanga Lakshmana Reddy. 2 Item no:2 covered under Registered Sale deed dt: 18-04-2002 vide doc Late Sri regd No: 649/2002 Gollapalli Apparao East Godavari District, Biccavolu Mandal, Biccavolu Sub Registry, Biccavolu Gram Panchauyat, Biccavolu Village, Zeroyathi Dry Land covered by Rs No: 54/3 an extent of Ac 0.43 cents in Southern side in Ac 0.70 cents on Western side in Ac 1.03 cents on the Northern Side out of total extent of Ac 1.44 Cents bounded by:- East: Land of Gollapalli Gopala Krishna in this Survey number. South: Land of Matangi Anuradha. West: Land of Tadi Venkata Krishna Reddy. North: Land of Gollapalli Subbayamma in this survey number. Making all the properties total extent of land of Ac 1.60 cents together with AC sheet roofed godown and RCC constructions and amenities thereon 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 : 884-2375978, 2376256 OR CELL : 98709-74759; Date: 08.02.2019 Place: Kakinada Authorized Officer 11-11-6/2, Nookalamma Temple Road Fax No. 0884-2375978 Ramarao Pet , Kakinada-533 004 E-Mail : [email protected] East Godavari Dist. , A. P IFSC Code: IOBA0000031 Ph.Nos.884-2375978, 2376256 Date: 08.02.2019 E-AUCTION SALE NOTICE (Issued under Rule 9(1) of the Security Interest (Enforcement) Rules2002) SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Whereas Late Sri.Gollapalli Apparao has borrowed monies from Indian overseas Bank against the mortgage of the immovable properties more fully described in the schedule here under and upon classification of the account as NPA, the Bank has issued a demand notice under section 13(2) of the SARFAESI Act, 2002 on 07.08.2018 calling upon the legal heirs--- (1) Sri Gollapalli Gopala Krishna, s/o- late Gollapalli Appa rao, residents of , Door No. 10-09-48/1, Atchutha Ramayya Street, Ramaraopeta, Kakinada, East Godavari District, Andhra Pradesh,533004 (2) Sri Gollapalli Veeraju , s/o- late Gollapalli Appa Rao, residents of Door No. 10-5-29, Nageswara rao Street, Ramaraopeta, Kakinada, East Godavari District, Andhra Pradesh, 533004, (3) Smt. Gollapalli Bharathi, w/o- Late Gangadhara Prathap, residents of Shilpa Apartment, 5th Floor, Ayya Hotel Centre, Gandhi nagar, Kakinada, East Godavari District, Andhra Pradesh , 533004 , (4) Smt. Pentapati Sarada, W/o- Sri Satyanarayana, residents of Door No. 10-5-52, Nageswara rao street, Ramaraopeta, Kakinada, East Godavari District, Andhra Pradesh -533004, (5) Sh. Gollapalli Srinivas Ashok S/O Sh Gangadhar Prathap Shilpa Apartment, 5th Floor, Near. Ayya Hotel, Gandhi Nagar, KAKINADA – 533 004, East Godavari Dist, and guarantors (1) Sri Narla Sathi Rambabu, S/o- Satyanarayana, Residents of Door No. 3-27, Vendra, Pedapudi mandal, East Godavari District, Andhra Pradesh. (2) Sri Peddireddy Srinivasa Kumar, S/o- Venkat Rao, residents of Flat no. 401, Bhavani's rayadu residency, Door No. 8-7-2, Jammalamadugu Vari Veedhi, Gandhi nagar, Kakinada, East Godavari District, Andhra pradesh. (3) Sri Thondapu Suryanarayana reddy, S/o- Sri venkaramayya, D.No.2-23-1/1, Sarada Street, Near Aditya College, Srinagar, Kakinada-533003, East Godavari Distt to pay the amount due to the bank, being Rs 61,05,283/- with further interest and costs, and expenses within 60 days from the date of the said notice. Whereas the borrowers and the Guarantor having failed to pay the amount in full due to the Bank as called for in the said demand notice, the Bank has issued possession notice on 28.11.2018 and has taken symbolic possession of the secured asset more fully described in the schedule hereunder on 28.11.2018 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. 61,05,283/- 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 as on 08.02.2019 is Rs.1,07,07,006/- 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 on “As is where is” and “As is what is” condition: DESCRIPTION OF THE IMMOVABLE PROPERTY Property S.No Description of the Property Owned By Item no:1 covered under Registered Sale deed dt: 18-04-2002 vide doc 1 regd No: 630/2002 East Godavari District, Biccavolu Mandal, Biccavolu Sub Registry, Biccavolu Gram Panchauyat, Biccavolu Village, Zeroyathi Dry Land covered by Rs No: 55/3 an extent of Ac 0.96 (item no. i) in Eastern side in Ac 1.32 cents in middle out of total extent of Ac 5.70 cents and an extent of Ac 0.21 cents (item no;ii) in R S No: 54/1 on southern side in Ac 0.43 cents on the western Late Sri side out of total extent of Ac 9.86 cents and total of two items making Ac Gollapalli 1.17 cents or 0.474 hectares bounded by:- Apparao East : Land of Gollapalli Appa Rao purchsed from Vanga Ratna Kumari. West :Remaining land of Tadi Venkata Krishna Reddy in this Survey number. North : Land of Gollapalli Subbayamma purchased from Tadi Venkateshwara Reddy to some extent and Land of Subbayamma purchased from Tadi Venkata Krishna Reddy some extent.. South : Land of Vanga Lakshmana Reddy. Item no:2 covered under Registered Sale deed dt: 18-04-2002 vide doc regd No: 649/2002 East Godavari District, Biccavolu Mandal, Biccavolu Sub Registry, Biccavolu Gram Panchauyat, Biccavolu Village, Zeroyathi Dry Land covered by Rs No: 54/3 an extent of Ac 0.43 cents in Southern side in Ac 0.70 cents on Western side in Ac 1.03 cents on the Northern Side out of total extent of Ac Late Sri 1.44 Cents bounded by:- 2 Gollapalli Apparao East: Land of Gollapalli Gopala Krishna in this Survey number. South: Land of Matangi Anuradha. West: Land of Tadi Venkata Krishna Reddy. North: Land of Gollapalli Subbayamma in this survey number. Making all the properties total extent of land of Ac 1.60 cents together with AC sheet roofed godown and RCC constructions and amenities thereon Date and time of e – 12.03.2019 between 10 AM and 12.00 Noon with auto extension of 5 auction minutes each till sale is completed. Reserve Price Rs.2,33,00,000/- (Rupees Two Crore Thirty Three Lakhs) Earnest Money Deposit Rs.23,30,000/- (Rupees Twenty Three Lakhs Thirty Thousand Only) EMD Remittance Deposit through EFT/NEFT/RTGS transfer in favour of Authorised Officer SARFAESI E –Auction to the credit of Current Account no.
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