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E –Auction Sale Notice Under SARFAESI Act 2002

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E –Auction Sale Notice Under SARFAESI Act 2002 Regional Office: Vijayawada Door No. 14-3-5, 3rd Floor, Sri Ramachandra Complex, Behind Varun Bajaj Show Room, Benz Circle, Labbipet, Vijayawada – 520010. Telephone Nos. 0866-2475895. Fax: 08662496118. e-mail: [email protected]. [Format-Y] E –Auction sale notice under SARFAESI Act 2002 * Sale of immovable/movable assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the Act). Notice is hereby given (in amendment of earlier sale notice dated 26/09/2018) to the public in general and to the Borrower/s and Guarantor/s in particular that the under mentioned property mortgaged to Syndicate Bank, the possession of which had been taken by the Authorised Officer of the Bank under Section 13(4) of the Act will be sold by E- Auction as mentioned below for recovery of under mentioned dues and applicable interest, charges and costs etc as detailed below. The property described below is being sold on “AS IS WHERE IS, WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” under the rule no. 8 & 9 of the Security Interest (Enforcement) Rules (hereinafter referred to as the rules) for the recovery of the dues detailed as under: Name and address of Borrower Borrower/Name & address. 1.M/s Real Grow Exims Private Limited, Unit Address: Opp. Sai Baba Temple, Sesali, Kalla Mandal, West Godavari District – 534237. 2. M/s Real Grow Exims Private Limited, Regd. Address: D.No. 8-1-301/86 & 87, Lakshmi Nagar Colony, Shaikpeta Nala, Hyderabad – 500008. Represented by its Promoter Directors: i. Sri Goluguri Venkata Reddy, S/o Satyanarayana Reddy, H.No. HIG-103, APHB Colony, Bhimavaram – 534201 ii. Sri Goluguri Naga Venkata Surya Satyanarayana Reddy, S/o Rama Krishna Reddy, D.No. F-8, Shirdi Sai Apartments, Balusumudi, Bhimavaram – 534202. iii. Sri Karri Venkata Srinivasa Reddy, S/o Bapi Reddy, H.No. 8-1-301/86&87, Sai Priya Residency, Lakshmi Nagar Colony, Shaikpeta Nala, Hyderabad – 500008. Guarantors: i. Goluguri Venkata Reddy, S/o Satyanarayana Reddy, D No: HIG 103, APHB Colony, Bhimavaram, West Godavari – 534201. ii. Goluguri Naga Venkata Surya Satyanarayana Reddy, S/o Ramakrishna Reddy, D.No. F-8, Shirdi Sai Apartments, Balusumudi, Bhimavaram – 534202. iii. Sri Karri Venkata Srinivasa Reddy, S/o Bapi Reddy, D.No. 8-1-301/86&87, Sai Priya Residency, Lakshmi nagar Colony, Shaikpeta Nala, Hyderabad – 500008. iv. Sri Karri Naga Durga Prasada Reddy, S/o Peda Venkata Reddy, MIG-2. APHB Colony, Bhimavaram – 534202. v. Smt. Satti Anantha Lakshmi, W/o Satyanarayana Reddy, H.No. 3-10, Arjunudupalem village, Iragavaram Mandal, West Godavari District. 534217. vi. Smt. Satti Jhansi Lakshmi, W/o Subbi Reddy, H.No. 3-60/1, Arjunudupalem village, Iragavaram Mandal, West Godavari District. 534217. vii. Sri Satti Venkata Reddy, S/o Jaggi Reddy, H.No. 3-38, Arjunudupalem village, Iragavaram Mandal, West Godavari District. 534217. viii. Smt. Karri Bulli Venkata Ratnam, W/o Nagi reddy, D.No.7-10, Pulagam vari veedhi, Pekeru Village. Iragavaram Mandal, West Godavari District. 534320. ix. Smt. Karri Lalitha, W/o Dharma Reddy, D.No. 6- 45, Basivi Reddy Gari Veedhi, Aravalli Village, Attili Mandal, West Godavari District. x. Satti Jaggi Reddy (died) represented by his Legal Representatives: a. Sri Satti Sai Rama Reddy, S/o late Jaggi Reddy, D.No.3-38/A, Satti Vari Veedhi, Near Sivalayam, Arjunudupalem village, Iragavaram Mandal, West Godavari District. 534217. b. Sri Satti Venkata Reddy, S/o late Jaggi Reddy, D.No.3-38/A, Arjunudupalem village, Iragavaram Mandal, West Godavari District. 534217. xi. Smt. Satti Bharathi, W/o Sai Rama reddy, D.No.3- 38/A, Arjunudupalem village, Iragavaram Mandal, West Godavari District. 534217. xii. Sri Satti Satyanarayana Reddy, S/o Rami Reddy, H.No. 3-10, Arjunudupalem village, Iragavaram Mandal, West Godavari District. 534217. xiii. Smt. Pulagam Hymavathi, W/o Maheswara Reddy, H.No.6-54, Pekeru village, Iragavaram Mandal, West Godavari District. 534320. xiv. Sri Bethireddy Panduranga Reddy, S/o Achi Reddy, H.No.7-2-11, Narasayya Agraharam, Bhimavaram, West Godavari District. 534201. Rs. 35,38,06,052.24(Rupees Thirty five crore The total amount due as on 30.06.2019 thirty eight lakh six thousand fifty two and paisa twenty four only) as on 30.06.2019 together with future interest and costs till date of payment. Sl.No. Property Description Reserve Price (In EMD Name of the Rs.) (in Rs) Owner / Mortgagor 1 ACC Roof structure constructed on a site Rs Rs Sri Goluguri admeasuring 222 sq. yds (as per sale 1,80,00,000/- 18,00,000 Venkata deed), 205 sq. yds (as per physical Reddy measurement) in Plot No.58, MCH Number not assigned, Road No.71, Nava Nirman Colony, Road No.71, Jubilee Hills, Hyderabad, within the SRO limits of Banjara Hills, Hyderabad South, with all easementary rights, bounded by: East: Plot No.59 – 46’ 3” South: 30’ wide Road – 40’ West: Plot No.57 – 46’ 3” North: Plot Nos. 56 and 60 – 40’ Details of encumbrances over the property, as known to the Bank Nil Details of outstanding dues of Local Government (Property tax, water As decided by the sewerage, electricity bills, etc., ) known to the Authorized Officer concerned authorities The details regarding E Auction are mentioned below: Date and time of E – Auction On 07.09.2019 between 11:00 A.M. and 1:00 P.M. E Auction Website address https://syndicatebank.auctiontiger.net Last date for submission of bids 05.09.2019 Minimum Bid increment amount Rs.50,000/- Date and time of inspection 04.09.2019 before 5:00 P.M. with prior appointment of property for intending purchasers during Office hours Contact details & website address of https://syndicatebank.auctiontiger.net service provider (Name/telephone M/s. e-Procurement Technologies (ABC Procure), Mr. P. no./email id/address) Balaraj Contact No. 9052104661 E-mail id: [email protected] or [email protected] or Ravi Kumar, Cell No. 8008617666, e-mail id: [email protected] Terms and conditions 1. Sale is subject to the conditions prescribed in SARFAESI Act/Rules 2002 and the terms and conditions mentioned hereunder as also subject to conditions in the offer/bid documents to be submitted by the intending/participating bidders. 2. The sale process of above properties shall be conducted through e-auction only, on the said date i.e. 07.09.2019 from 11:00 A.M. to 4:00 P.M. by the Bank’s e-auction service provider M/s e- Procurement Technologies (ABC Procures), (Address of the service provider), Contact Mr. sudheer -7961200530 Contact No. 079-40270538/554/568/587/594/598, Mobile No.9052104661 e-mail id: [email protected], [email protected] and [email protected] or Ravi Kumar, Mobile No.8008617666, on the platform of the website i.e. http://syndicatebank.auctiontiger.net. The service provider will also provide training on e - auction, if required, to those bidders who will deposit EMD. 3. Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT/Fund Transfer to the Beneficiary name: Collection AC, Account Type: Current Account, A/c No.36253170000030, SyndicateBank, Bhimavaram Branch, IFSC Code: SYNB0003625 before submitting bids. EMD can also be paid by way of Pay Order/Demand Draft in favour of SyndicateBank Payable at Bhimavaram. 4. Bids shall be submitted in the prescribed format with relevant details. For details please contact M /s e-Procurement Technologies Limited (ABC Procures) Mr. P. Balaraj Contact No. 079- 40270538/554/568/587/594/598, Mobile No.9052104661 e-mail id: [email protected], [email protected] and [email protected] or Ravi Kumar, Mobile No.8008617666, 5. The intending bidders should submit the duly filled in Bid form (format available in the above website) along with the DD/PO/quoting the UTR no. of NEFT/RTGS remittance towards EMD in a sealed cover addressed to the Authorised Officer at SyndicateBank, D.No.1-1-32/3, Vijayalakshmi Complex, Juvvalapalem Road, Bhimavaram – 534202, West Godavari District., e-mail id: [email protected]. so as to reach the same before 05.09.2019 (last date of submission of bid). The sealed cover should be super scribed with “Bid for participating in E-Auction Sale – in the A/c of M/s Real Grow Exims Private Limited.” 6. On compliance with the above, the bidders shall be provided with the facility of online participation in the inter se auction bidding. Online bidding will take place at the Website of http://syndicatebank.auctiontiger.net and shall be subject to the terms and conditions mentioned herein as well as those given in the bid document. Further the sale shall be in accordance with the SARFAESI Act/Rules. 7. No person other than the intending bidder themselves, or their duly authorized agent shall be allowed to participate in the E Auction. 8. The intending participants of the e-Auction may download copies of sale notice, terms and conditions of e-auction, help manual on operational part of e-Auction and process compliance form related to this e-auction from the above mentioned website of service provider i.e. M/s e- Procurement Technologies (ABC Procures), (Address of the service provider), Contact Mr. P. Balaraj Contact No. 079-40270538/554/568/587/594/598, Mobile No.9052104661 e-mail id: [email protected], [email protected] and [email protected] or sudheer 7961200530 i.e. http://syndicatebank.auctiontiger.net. For the purpose of participation in e- auction, the intending bidders must have a valid digital signature, active e-mail ID and PAN Number. Any intending bidders presently not having digital signature may procure it from any Registering Authority (Certified by the Government of India) issuing of such signature.
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