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Date of E-Auction: 17.12.2019 Before 5.00 P.M

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Date of E-Auction: 17.12.2019 Before 5.00 P.M STATE BANK OF INDIA STRESSED ASSETS MANAGEMENT BRANCH-II, HYDERABAD H.No. 3-4-1013/A, 1st Floor, CAC, TSRTC Bus Station, Kachiguda, Hyderabad-500 027. Ph: 040-23147100 to 23147107, Fax No: 040-29807791, E-mail: [email protected] “APPENDIX-IV-A” SALE NOTICE FOR SALE OF IMMOVABLE PROPERTY [Under Rule 8(6) of Security Interest (Enforcement) Rules] E-Auction Sale Notice for Sale 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, 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 constructive possession of which has been taken by the Authorised Officer of State Bank of India, the Secured Creditor, will be sold on “As is where is”, “As is what is”, and “Whatever there is” basis on 17.12.2019 for recovery of Rs. 48,44,18,897.56 (Rupees Forty Eight Crore Forty Four Lakhs Eighteen Thousand Eight Hundred Ninety Seven and Fifty Six Paisa only) due to the State Bank of India, Stressed Assets Management Branch-II, Kachiguda, Hyderabad, from Borrower M/s. Admiron Life Sciences Ltd, Represented by it's Ex- Managing Director and Guarantors 1) Shri. T. Mohan Reddy, S/o. Shri. T.Subba Reddy, Ex. M.D. of M/s Admiron Life Sciences Ltd., Address 1: Plot No.89/A, Aishwarya, 1st Floor, Sagar Society, Road No.2, Banjara Hills, Hyderabad-500034, Telangana. and Address 2: Vendodu Village, Gudur Mandal, Vendodu, Nellore -524131, Andhra Pradesh. 2) Shri. T. Subba Reddy, S/o Shri. T. Rami Reddy, Vendodu Village, Gudur Mandal, Vendodu, Nellore -524131, Andhra Pradesh. Also at: Plot No.89/A, Aishwarya, 1st Floor, Sagar Society, Road No.2, Banjara Hills, Hyderabad-500034, Telangana. 3) Shri.Gade Sreenivasa Reddy, S/o. Shri. Venka Reddy, P.O. Box 63, 6 Nurko Road, Roosevelt, New Jersey 085550063, USA. Also at: H. No. 5-3-442/2, Srikrishna Nagar, Kukatpally, Hyderabad-500034, Telangana. 4) Shri. V. Chandra Mohan Reddy, S/o. Shri. V. Balarami Reddy, H.No.1-155/1/A, Chandanagar, Serilingampally Mandal, Hyderabad-500050, Talangana. Also at: Plot No.89/A, Aishwarya, 1st Floor, Sagar Society, Road No.2, Banjara Hills, Hyderabad-500034, Telangana. The reserve price, earnest money deposit particulars and short description of the properties with known encumbrances are mentioned below. EMD is to be deposited with the Bank on or before 14.12.2019 upto 5.00 PM. SCHEDULE OF THE PROPERTY All that part and parcel of Residential property bearing D.No.1242 admeasuring 332 Sq.yds. situated in Ward No. 23, Akkanavari Street, Fathekhanpet, Near to Trunk Road, Nellore, Andhra Pradesh standing in the name of Shri.T.Subba Reddy vide registered Sale Deed No.6781/2002 dated 16.09.2002 & Settlement deed No.146/2012 dated 09.01.2012 and bounded by North: Sarvodaya College, South: Akkanavari Street, East: House of N.Kusumamba, West: House of Penaka Bujji Reddy. Reserve Price: Rs.1,80,00,000/-; EMD: Rs.18,00,000/-; Auction Time: 10.00 AM to 11.00 AM Inspection of property: Any working day with prior appointment Date of E-Auction: 17.12.2019 before 5.00 P.M. of 14.12.2019. Please note that last date for payment of EMD in respect of the property is on or before 14.12.2019 up to 5.00 P.M. EMD Deposit through EFT/NEFT/RTGS Transfer in favour of “SBI, Stressed Assets Management, Hyderabad Branch to the Remittance credit of A/c.No.35754767051 with SBI, SAM Branch-II, Kachiguda, Hyderabad, A/C (O/A No LIEN) Branch Code 18359, IFSC Code - SBIN0018359. Bid Increment Amount Rs. 50,000/- With auto time extension of 5 minutes for each increment bid. For any clarifications or further details regarding other conditions of sale the intending bidders may contact the Authorised Officer, State Bank of India, Stressed Assets Management Branch-II, Hyderabad-500027. Ph.No.040-29807108, Mobile No. 9010443800, bidders can also contact Bank's approved Resolution Agent M/s. Goodwill Associates, on Cell Nos.9949901281 or 9177562244 also may contact the Bank's approved service provider M/s C1 India Pvt. Ltd., Building 301, Udyog Vihar, Phase-2, Gulf Petrochem Building, Gurgaon, Haryana-122015, https://www.bankeauctions.com, Help Line +91-124-4302020/21/22/23/24, +91- 9700333933, emailID:[email protected] and bikkina.gandhi@ c1india.com, prior to the date of e-auction. For detailed terms and conditions of the sale, please refer to the link provided in State Bank of India, the Secured Creditor's website https://bank.sbi / www.sbi.co.in and also at the web portal https://www.bankeauctions.com of the service provider, M/s C1 India Pvt Ltd. NOTE: (1) Successful bidders should deposit 25% of bid amount (including EMD) by same day or next working day and balance payment within 15 days from the date of e-auction. Date: 01.11.2019, Place: Hyderabad. Sd/- Authorized Officer, State Bank of India, SAMB-II, Hyderabad..
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