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E-Auction Sale Notice

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E-Auction Sale Notice Mid-Corporate Branch (SME Branch) Chandu’s Plaza,Green Park Road,Visakhapatnam-2 Ph No. 0891-2706762,2560192/2718365 E-Auction Sale Notice Notice is hereby given to the public in general and to the Borrower/s and Guarantor/s in particular by the Authorised Officer, that the under mentioned property mortgaged to Union Bank of India,Mid-Corporate Branch (SME Branch),Visakhapatnam taken possession of the secured assets under the provision of Section 13(4) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by E-Auction as mentioned below for recovery of under mentioned dues and further interest, charges and costs etc, as detailed below. The property is being sold on “AS IS WHERE IS, WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” as such sale is without any kind of warranties and indemnities. The under mentioned property will be sold by “ Online E-Auction through website [email protected]. and [email protected] on 19-03-2020 for recovery of the amount mentioned hereunder in the following account 1) Name of borrower & Mortgagors: M/s Navya Infracon Projects India Pvt.Ltd, House No.78,Sector- 12, MVP Colony, Visakhapatnam-530017 Andhra Pradesh Directors / Guarantors:1) Mrs.Mogasala Venkata Rajya Lakshmi, W/o.Mr.M.Venkata Rao, D.No. 48-6- 58,MVR Orchids (Rajyalakshmi Nilayam) Srinagar, Visakhapatnam-530016 Andhra Pradesh. (2) Ms.Anala Swathi, Door No.2-39/1/2, MIG-A32/10, Sector-10, MVP Colony, Visakhapatnam-530017 Andhra Pradesh,(3) Mr.Manyam Vijay Kumar, Door No. 54-11-23/11/12, Bhanu Nagar, Maddilapalem, Opp. Aswini Public School, Visakhapatnam-530022, Andhra Pradesh (4) Ms.Mogili Kanaka Subhashini, Door No. 54-11- 23/11/2, Bhanu Nagar, Maddilapalem, Visakhapatnam-530022 ,Andhra Pradesh. Debt Due to with interest and Cost:Rs.3,77,60,366.20(As per Demand Notice dt 12-11-2018) together with subsequent interest till date of payment and other charges Property Details: All that piece and parcel of site measuring an extent of 2593 Sq.Yds (consisting of 2 items of 1813 Sq.Yds + 780 Sq.Yds) together with AC sheet shed measuring 200 sft, RCC 100 sft in Ward No.23, Block No.18, bearing Door No.15-18-62, Municipal Assessment No.1089001379, Electrical Service Connection No. 116680B005-001872 covered by Old survey no.108/1, Present TS No.1502/3, situated in Nerellavalasa Colony of Bheemunipatnam Municipality, SRO Bheemunipatnam, Visakhapatnam District, Andhra Pradesh standing in the name of Smt.Mogasala Venkata Rajya Lakshmi w/o.Sri Mogasala Venkata Rao with boundaries as item wise mentioned below Item-1)1813 Sq.Yds or 1515.903 sq.mts (Northern part out of total extent of 2593 Sq.Yds) together with AC sheet shed - 200 sft) and bounded by;East :Road,South:Road & Item No.2 hereunder mentioned, West :Others site, North: Site belongs to Shri M.Venkata Rao, Item-2) 780 Sq.Yds or 650.181 sq.mts (Souh-East part out of total extent of 2593 Sq.Yds) and bounded by;East :Road,South:Site belongs to Shri M.Venkata Rao, West :Others site, North: Item No.1 here in above mentioned Reserve Price:Rs. 3,50,10,000/- (EMD) :Rs.35,01,000/- Date and Time of Auction:19-03-2020 between 11 A.M. to 2.00 P.M. with unlimited extension of “10” minutes i.e the end time of e-auction will be extended by “10“ Minutes each time if bid is made within the last 10 Minutes before closure of auction Last date of submission of bids: 18-03-2020 up to 5 P.M Bid Increment Amount by Rs. 25,000/ Date&Time of inspection of property for intending purchasers:10-03-2020 between 11 .00 A.M. to 5 P.M Details of encumbrances over the properties as known to the Bank : Not to our Knowledge The refundable EMD 10% of RESERVE PRICE shall be payable by interested bidders through NEFT/ RTGS/Funds Transfer in Account No.509101980050000 through IFSC Code.UBIN0550914 or by DD/ Payorder favouring Union Bank of India, Mid-Corporate Branch Payable at Visakhapatnam on or before18-03-2020 upto5P.M.Bidders are advised to visit the Bank’s website www.unionbankofindia.co.in for detailed terms and conditions of E-auction sale and other details before submitting their bids for taking part in the E-auction.Bidder may also visit the website https:// ubi.auctiontiger.net. of service provider M/s.E-Procurement technologies Limited (Auction Tiger) Ahmedabad Contact No. 079- 40230811/812/800 Mr.Ravi kumar Chukka (Visakhapatnam) Contact No. +918008617666 and 6352490784 EmailID: [email protected] & support@auction tiger.net.The terms and conditions of sale shall be strictly as per provisions of The Security Interest Rules (Enforcement) Rules,2002.Interested bidder may contact the Chief Manager :+919073369978,Senior Manager:+919490457978 Union Bank of India, Mid-Corporate Branch (SME Branch) Visakhapatnam for ascertaining the details of auction and inspection of propety on the date mentioned asabove Ph.No:0891-2560192 EmailID:[email protected] This may also be treated as notice u/r 8(6) of security Interest ( Enforcement) Rules, 2002 to the borrowers/s and guarantor/s of the said loan about the holding of E-Auction sale on the above mentioned date, if their outstanding dues are not repaid in full. Date:27-02-2020,Place:Visakhapatnam. Authorised Officer,Union Bank of India,.
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