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 9 Sub Rule (1) of the Security Interest (Enforcement) (Amendment) Rules, 2002} 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 Schedule-A : All that piece and parcel of land having an extent of Ac.1.90 Cents, situated in R.S No.32/2-3, Kanchavaram Village, Kotikalapudi Panchayat, Krishna District within the limits of Sub- Registry of Vijayawada, Krishna District and bounded by East : Property of Peerla China Ramaiah North : Property of Vendor South : Property of Koneru Nagendra Babu West : Property of Venkata Durga Stone Crushers Schedule-B : All that piece and parcel of land having an extent of Ac.0.20 Cents out of an extent of Ac. 4.09 cents, situated in R.S No.32/2-3, Kanchavaram Village, Kotikalapudi Panchayat, Krishna District within the limits of Sub- Registry of Vijayawada, Krishna District and bounded by East : Property of Peerla China Ramaiah North : Property of Schedule-A South : Vijayawada – Hyderabad Trunk Road West : Property of Vendor Not known to the secured creditor. The unpaid charges towards electricity, maintenance , Tax etc. if any, as KNOWN ENCUMBRANCES ( IF ANY) applicable RESERVE PRICE (IN RS.) Rs.1,85,00,000/- (Rupees One Crore Eighty Five Lakhs Only). Rs.18,50,000/- (Rupees Eighteen Lakhs Fifty Thousand Only) EARNEST MONEY DEPOSIT (IN RS.) through DD/PO in favor of ‘Axis bank ltd.’ payable at Visakhapatnam. BID INCREMENTAL AMOUNT Rs.10000/- (Rupees Ten Thousand Only) Till 11-10-2021 latest by 04:00 P.M, at Axis Bank Limited,# LAST DATE, TIME AND VENUE FOR Door No.43-9-141, Sri Gayatri Towers, 4th Floor, Sri Kanya SUBMISSION OF BIDS / TENDER Main Road, Dondaparthy, Visakhapatnam, Andhra Pradesh- WITH EMD 530016, addressed to Mr.V.D.V. Prasad,Authoriozed Officer On 12-10-2021, between 10.30 AM with <unlimited extensions of 5 minutes each at web portal DATE, TIME, AND VENUE FOR https://www.bankeauctions.com> PUBLIC E-AUCTION 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 05-10-2021 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. Kaamakshi Shipping Door No.25-12-35, Indu Mansions, Flat No.103, 1st Floor, Godevari Street, Visakhapatnam, Andhra Pradesh-530001 2. Mr. Mandarapu Venkata Ramayya Late Mr. M. Kondababu, D.No.65-05-192, MIG-1/192, Gullalapalem, Shriharipuram, BORROWER/ GUARANTORS Visakhapatnam, Andhra Pradesh-530011 /MORTGAGOR NAME & ADDRESS Also at : Mr. Mandarapu Venkata Ramayya 4-49-15, A.P Housing Board Colony, Lawson Bay Colony, Visakhapatnam-530017 3. Mrs. Mandarapu Padmavathi W/o. Late Mr.M. Kondababu, D.No.65-05-192, MIG-1/192, Gullalapalem, Shriharipuram, Visakhapatnam, Andhra Pradesh-530011 Also at : Mrs. Mandarapu Padmavathi 4-49-15, A.P Housing Board Colony, Lawson Bay Colony, Visakhapatnam-530017 4. Mrs. Kommoju Parwathi W/o. Mr.Shiva Kumar Palace Heights, C-Block, Plot No.1, Sani Wada, Aganampudi, Visakhapatnam-530046. 5. Mr.Koduru Seshagiri Rao S/o. Mr.Venkata Subbaiah Chowdary D.No.59A-11-9, 2nd Cross Road, K P Nagar, Vijayawada, Andhra Pradesh-520008 6. Mr. M D Farooq Shadad, S/o. Mr.Khairullah Mohammad, Flat No.FF2, RAMS VSR Apartments, OPP : Sidhardha Public School, Vijayawada-520010. 7. M/s. Sree Balaji Stone Crushers, Registered Office: D.No.3-94, Kachavaram, Ibrahimpatnam, Krishna District-521456. Loan Account No 913030046382003 & 913060046387122 DATE OF DEMAND NOTICE 12-08-2016 U/SEC.13(2) OF SARFAESI ACT Rs.26247863.44/- (Two Crore Sixty Two Lakh Forty Seven Thousand AMT. OF DEMAND NOTICE U/S- Eight Hundred Sixty Three Rupees and Forty Four Paisa, due as on 30- 13(2) OF SARFAESI ACT (IN RS.) 06-2016) 24-10-2016 DATE OF PHYSICAL POSSESSION PUBLICATION DATE OF 28-10-2016 POSSESSION NOTICE OUTSTANDING DUES (IN RS.) as on Rs.20565706.55/- (Rupees Two Crore Five Lakh Sixty Five Thousand 31-01- 2020 Seven Hundred Six Rupees and Fifty Five Paisa only) 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. 6. The interested bidders who require assistance in creating Login ID & Password, uploading data, submitting Bid Documents, Training/ Demonstration on Online Inter-se Bidding etc., may contact M/s. C1 INDIA , Udyog Vihar, Phase 2, Gulf Petrochem building, Building No. 301 Gurgaon, Haryana. Pin: 122015, Help Line No. +91-124-4302020/21/22/23/24 or +91- 9594597555, Help Line e-mail ID: [email protected]. For any property related query may contact the Authorized Officer: Mr.V D V Prasad, Mobile. No.9493330003, E-mail ID: [email protected] during the bank working hours from Monday to Friday. 7. The Bid/(s) need to be submitted above the Reserve Price amount and any bid/(s) received after the due date, time will not be considered as Valid. 8. The tenderer/bidder will have to abide by the rules and regulations of the Local Authority with respect to transfer or use of the said property. 9. The successful bidder shall be required to submit the final prices, quoted during the e-Auction as per the annexure after the completion of the e-Auction, duly signed and stamped as token of acceptance without any new condition other than those already agreed to before start of e- Auction. 10. During e-Auction, if no bid is received within the specified time, Bank at its discretion may decide to revise opening price / scrap the e-Auction process / proceed with conventional mode of tendering. 11. The bidders are required to submit acceptance of the terms & conditions and modalities of e- Auction adopted by the service provider, before participating in the e-Auction. 12. The bid once submitted by the bidder, cannot be cancelled/withdrawn and the bidder shall be bound to buy the property at the final bid price. The failure on the part of bidder to comply with any of the terms and conditions of e-Auction, mentioned herein will result in forfeiture of the amount paid by the defaulting bidder 13.
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