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Retail Lending and Payment Group (Local Office/Branch): Axis Bank Limited at Door No.43-9-141, Sri Gayatri Towers, 4Th Floor, Sr

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Retail Lending and Payment Group (Local Office/Branch): Axis Bank Limited at Door No.43-9-141, Sri Gayatri Towers, 4Th Floor, Sr Retail Lending and Payment Group (Local Office/Branch): Axis Bank Limited at Door No.43-9-141, Sri Gayatri Towers, 4th Floor, Sri Kanya Main Road, Dondaparthy, Visakhapatnam, Andhra Pradesh-530016 Axis Bank Ltd., 3rd Floor, Gigaplex, NPC – 1, TTC Industrial Area, Mugalsan Road, Airoli, Navi Mumbai – 400 708. Registered Office: “Trishul”, 3rd Floor Opp. Samartheshwar Temple Law Garden, Ellisbridge Ahmedabad – 380006. Public notice for Sale/Auction of immovable properties {under SARFAESI Act read with proviso to Rule 8 (6) of the Security Interest (Enforcement) Rules} Whereas the Authorized Officer of Axis Bank Ltd. (hereinafter referred to as ‘the Bank’), under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short ‘SARFAESI Act) and in exercise of powers conferred under Section 13(12) read with the Security Interest (Enforcement) Rules, 2002 issued Demand Notice under Sec. 13(2) of SARFAESI Act calling upon the below-mentioned Borrowers/Co-borrowers/mortgagors/Guarantors to repay the amount mentioned in the notice being the amount due together with further interest thereon at the contractual rate plus all costs charges and incidental expenses etc. till the date of payment within 60 days from the date of the said notice. The Borrowers/Co-borrowers/Mortgagors/Guarantors having failed to repay the above said amount within the specified period, the authorized officer has taken over physical possession in exercise of powers conferred under Section 13(4) of SARFAESI Act read with Security Interest (Enforcement) Rules, 2002, which is to be sold by way of auction on “As Is Where Is Basis”, “As Is What Is Basis”, “Whatever There Is Basis”, and “No Recourse Basis” for realization of Bank’s dues under Rules 8 and 9 of Security Interest (Enforcement) Rules, 2002 by inviting tenders/bids as per below Auction schedule: SCHEDULE – DESCRIPTION OF PROPERTY Property No.1 : Industrial land & building admeasuring 12141 Sq.Mtrs, Plot No. 259, Sy. No. 27 part & 28 part situated at Growth Center, Gollapalli Village, Bobbili Mandal, Vizianagaram District standing in the name of Sri Lalitha Construction Products represented by its partners. Boundaries of the property as per original sale deed provided at the time of loan sanctioned are as follows North : 30.0 M Wide Road (Existing) South : Plot No.258 East : Plot No.263, West : 15.0 M Wide Road (Proposed) Property No.2 : All that site measuring an extent of 48.56 Sq.Yrds or 40.602 Sq.Mtrs being undivided and unspecified share out of total extent of 728.44 Sq.Yrds being Plot No.MIG-119 and Western Part of Plot No.MIG-120 together with Flat No.202 measuring 1225 Sq.ft in First Floor of M.V.V Plaza situated at Lawson’s Bay (South Extension Layout) Old D.No. 4-47-10 & 10/1 covered by Sy No.43 part of Chinawaltair Village, within the limits of Municipal Corporation of Visakhapatnam, Visakhapatnam standing in the name of Smt. Pulmani James Monika Nalini Nirmala. East : Remaining part of Plot no.MIG-119 together with House thereon belong to T Kanaka Durga South : 30 Feet Wide Road West : 30 Feet Wide Road North : Plot Nos.111 & 112 MIG of Lawson’s Bay South Extension Layout. Boundaries of Flat No.202 in First Floor North : Entrance & Corridor South : Setback Space facing Road East : Setback Space West : Flat No. 201. Not known to the secured creditor. The unpaid charges towards electricity, maintenance , Tax etc. if any, as KNOWN ENCUMBRANCES ( IF ANY) applicable For Property No.1 :- Rs.2,90,00,000/- (Rupees Two Crore Ninety Lakhs only). RESERVE PRICE (IN RS.) For Property No.2 :- Rs.31,00,000/- (Rupees Thirty One Lakhs only). For Property No.1 :- Rs.29,00,000/- (Rupees Twenty Nine Lakhs Only) through DD/PO in favor of ‘Axis bank ltd.’ payable at Andhra Pradesh. EARNEST MONEY DEPOSIT (IN RS.) For Property No.2 :- Rs.3,10,000/- (Rupees Three Lakh Ten Thousand Only) through DD/PO in favor of ‘Axis bank ltd.’ payable at Andhra Pradesh. BID INCREMENTAL AMOUNT Rs.10,000/- (Rs. Ten Thousand only) For Property No.1 :- Till 11-10-2021 latest by 04:00 P.M, at Axis Bank Limited,# Door No.43-9-141, Sri Gayatri Towers, 4th Floor, Sri Kanya Main Road, Dondaparthy, Visakhapatnam, Andhra Pradesh-530016, addressed to Mr.V.D.V.Prasad, LAST DATE, TIME AND VENUE FOR Authoriozed Officer SUBMISSION OF BIDS / TENDER WITH EMD For Property No.2 :- Till 11-10-2021 latest by 04:00 P.M, at Axis Bank Limited,# Door No.43-9-141, Sri Gayatri Towers, 4th Floor, Sri Kanya Main Road, Dondaparthy, Visakhapatnam, Andhra Pradesh-530016, addressed to Mr.V.D.V.Prasad, Authoriozed Officer For Property No.1 :- On 12-10-2021, between 1.00 PM with <unlimited DATE, TIME, AND VENUE FOR extensions of 5 minutes each at web portal PUBLIC E-AUCTION https://www.bankeauctions.com> E-auction tender documents containing e-auction bid form, declaration etc., are available in the website of the Service Provider as mentioned above For Property No.2 :- On 12-10-2021, between 2.00 PM with <unlimited extensions of 5 minutes each at web portal https://www.bankeauctions.com> E-auction tender documents containing e-auction bid form, declaration etc., are available in the website of the Service Provider as mentioned above DATE FOR INSPECTION OF 23-09-2021 from 3 pm to 5 pm. For any other date- as per PROPERTIES prior appointment of authorized officer COST OF TENDER / BID CUM Nil AUCTION FORM RETURN OF EMD OF Within Seven working days from the date of Auction. UNSUCCESSFUL BIDDERS LAST DATE FOR PAYMENT OF 25% OF ACCEPTED HIGHEST BID FOR The payment should be made latest by next working day CONFIRMED SUCCESSFUL from the date of bid confirmation. BIDDER(INCLUSIVE OF EMD) LAST DATE FOR PAYMENT OF Within 15 days from the date of Sale Confirmation BALANCE 75% OF HIGHEST BID LOAN DETAILS 1. M/s. Sri Lalitha Construction Products Represented by its Managing Partner Plot No.: 259, Industrial Growth Center, Bobbili. Vizianagaram District - 535558. Also at : M/s. Sri Lalitha Construction Products D No.4-47-10/5, Flot No.202, MVV Plaza, L.B Colony, Lawsons Bay Colony, Visakhapatnam – 530017 Also at : M/s. Sri Lalitha Construction Products Plot No.: 289, Industrial Growth Center, Bobbili. Vizianagaram District - 535558. BORROWER/ GUARANTORS /MORTGAGOR NAME & ADDRESS 2. Mr. T. Rajasekhar D No.4-47-10/5, Flat No.202, MVV Plaza, L.B Colony, Lawsons Bay Colony, Visakhapatnam - 530017 3. Mrs. P. James Monika Nalini Nirmala D No.4-47-10/5, Flat No.202, MVV Plaza, L.B Colony, Lawsons Bay Colony, Visakhapatnam - 530017 4. Mr. Thota Venu Gopal D No.4-48-2/1, Flat No.F-3, Sai Raghava Residency, Lawsons Bay Colony, Visakhapatnam—530017 Also at : Mr. Thota Venu Gopal D No.4-47-10/5, Flat No.202, MVV Plaza, L.B Colony, Lawsons Bay Colony, Visakhapatnam – 530017 Also at : Mr. Thota Venu Gopal D.No. 4-69-21, Flat No. 506, Sahiti Residency, Lawsons Bay Colony, Visakhapatnam - 530017. 5. Mrs. Thota Madhavi Latha D No.4-48-2/1, Flat No.F-3, Sai Raghava Residency, Lawsons Bay Colony, Visakhapatnam—530017 Also at : Mrs. Thota Madhavi Latha D No.4-47-10/5, Flat No.202, MVV Plaza, L.B Colony, Lawsons Bay Colony, Visakhapatnam – 530017 Also at : Mrs. Thota Madhavi Latha D.No. 4-69-21, Flat No. 506, Sahiti Residency, Lawsons Bay Colony, Visakhapatnam - 530017. Loan Account Nos 916030015106749 & 916060015112347 DATE OF DEMAND NOTICE 05-03-2019 U/SEC.13(2) OF SARFAESI ACT AMT. OF DEMAND NOTICE U/S- Rs.1,50,83,059.47 (Rupees One Crore Fifty Lakhs Eighty Three 13(2) OF SARFAESI ACT (IN RS.) Thousand Fifty Nine and Forty Seven Paisa Only) as on 07-02-2019 27-06-2019 DATE OF POSSESSION PUBLICATION DATE OF 02-02-2019 POSSESSION NOTICE Rs.1,50,83,059.47 (Rupees One Crore Fifty Lakhs Eighty OUTSTANDING DUES (IN RS.) as Three Thousand Fifty Nine and Forty Seven Paisa Only) on 07-02-2019 as on 07-02-2019 Terms and conditions of auction:- 1. Bidder/(s) shall have to give complete offer. 2. The intending bidder should submit the evidence of EMD deposit like DD/PO along with Request letter for participation in the e-Auction, self-attested copies of (i) Proof of Identification (KYC) Viz ID card / Driving Licence/Passport etc., (ii) Current Address -proof of communication, (iii) PAN card of the bidder (iv) Valid e-mail ID (v) Contact number(mobile/Land line of the bidder etc., during normal working hours in the office of the Authorised Officer at Axis Bank Limited at Door No.43-9-141, Sri Gayatri Towers, 4th Floor, Sri Kanya Main Road, Dondaparthy, Visakhapatnam, Andhra Pradesh-530016. 3. Valid email ID (e -mail ID is absolutely necessary for the intending bidder as all the relevant information and allotment of ID and Password by M/s. C1 India Private Ltd (vendor name) may be conveyed through e mail. 4. Each tender / Bid/offer shall be accompanied by an Earnest Money Deposit (EMD) as mentioned above by D.D. / Pay Order in favour of “Axis Bank Ltd ” payable at Andhra Pradesh.D.Ds / P.Os should be purchased by the tenderer/bidder or on his/her/its behalf only. 5. Names of Eligible Bidders will be identified by the Axis Bank to participate in online e-Auction on the portal https://www.bankeauctions.com. M/s.C1 India Private Limited who will provide User ID and Password after due verification of PAN of the Eligible Bidders.
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