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M/S Sri Rajya Lakshmi Rural Farmers Warehouse, Sy. No

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M/S Sri Rajya Lakshmi Rural Farmers Warehouse, Sy. No REGIONAL OFFICE Recovery Cell Park Road, Kurnool – 518 001 Andhra Pradesh Phone:08518 224192 Email: [email protected], Ref.No. 3374/NDL/SN/FORM-Y/2019/SARFAESI Date: 21.11.2019 E-Auction Sale Notice under SARFAESI Act 2002 *Sale of Immovable Assets under the Secuitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the Act) *** Notice is hereby given 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 Authorized Officer of the Bank u/s 13 (4) of the Act will be sold by e-auction as mentioned below for recovery of under mentioned dues and applicable interest, charges, 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: Borrower/s Name and Address: M/s Sri Rajya Lakshmi Rural Farmers Warehouse, Sy. No. 165, Ernapadu Village, Bandi Atmakur Mandal Kurnool Dist. A.P. Smt. Chappala Rajeswari Devi, W/o C Janardhan Reddy, Flat.No.301, Saptagiri Shine Appartments Opp: Govt. Polytecnic College Saraswathi Nagar, Nandyal, Kurnool Dist. A.P. Smt. Chappala Rajeswari Devi, W/o C Janardhan Reddy, D.No. 2-428-230-6, Balaji Complex, Nandyal, Kurnool Dist. A.P. Smt. Chappala Rajeswari Devi, W/o C Janardhan Reddy, Flat.No.401, Silpa Heights Appartments, Near Rama Krishna Degree College, Nandyal, Kurnool Dist. A.P. Guarantor/s 1.Sri. Madireddy. Raghu Rami Reddy, S/o M Sarabha Reddy, Annavaram Village, Owk Mandal, Kurnool Dist. A.P. 2.Sri. Madireddy. Tulasi Eswar Reddy, S/o M Bala Nagi Reddy, Annavaram Village, Owk Mandal,Kurnool Dist. A.P. Page 1 of 6 TOTAL OUT STANDING AMOUNT DUE Loan Account No.33748320000061 (33741570000292)-Rs.80,95,675.52/- (Rupees Eighty lakhs Ninety five Thousand Six Hundred and Seventy five and Fifty Two Paise only) as on 19.09.2018 along with Subsequent Interest + Costs w.e.f. 20.09.2018 Description of immovable/movable Land with Construted godown situated properties with name of the in Kurnool District, Nandyal Registration owner/mortgager District, Bandi Atmakur Sub Registration District and within the village limits of Ernapadu and the details are furnished as hereunder: Sy. No. 165 pyki Extent Ac.2.39 cents Hec.: 0.967 Amudala gadda Chenu Boundaries:- East: Land of Pittam Raja Sekhara Reddy West:Land of Pittam Pedda Subba Reddy North: Rastha South:Land of Narapureddygari Thulaseeswar Reddy. The details regarding e-auction are mentioned below: On 09.12.2019 Between 11.00 AM TO 12.00 Date & Time of e-auction Noon Reserve Price of Property Rs.1,25,19,000/- e-auction Website Address https://syndicatebank.auctiontiger.net Earnest Money Deposit (EMD) Rs.12,51,900/- Last Date for submission of Bids 05.12.2019 Minimum Bid Increment Amount Rs. 50,000/- Date & Time of Inspection of Property for 03.12.2019 intending purchasers Between 2.30 PM and 4.30 PM Contact: Syndicate Bank –Nandyal Main Branch Ph.:08518 225 244 Mobile : 944 090 5409 Contact Details & Website Address of M/s e-Procurement Technologies Limited service provider (Name/Telephone (Auction tiger), B-704-705, Wall Street-II, No./email id/Address) Opp. Orient Club, Near Gujarat College, Ellisbridge, Ahmedabad, 079-40230811 / 812 to 824 Mob no. 9979543878 / 9978591888, e-mail id: [email protected] & , [email protected] For clarifications contract local representative Mr.Sudhir, Mobile No. 7961200530 Page 2 of 6 TERMS AND CONDITIONS 1. The Original link documents will be delivered to the Successful bidder only after receiving the entire sale consideration along with Certificate of Sale. 2. 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. 3. The sale process of above property shall be conducted through e-auction only, on the said date 09.12.2019 from 11.00 A.M to 12.00 Noon by the Bank's e-auction service provider M/s e-Procurement Technologies Limited, (Auction tiger), B 704-705, Wall Street-II, Opp. Orient Club, Nr. Gujarat College, Ellisbridge, Ahmedabad, Contact person Mr. Parthiv Contact Nos. 079-40230811 / 812 to 824 Mob no. 9979543878, e- mail id: [email protected] & [email protected] on the platform of the website ie http://syndicatebank.auctiontiger.net. The service provider will also provide training on e-auction, if required, to those bidders who will deposit EMD. 4. Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT/Fund Transfer to the Credit of A/c No. 33743170000104 Syndicate Bank, NANDYAL MAIN Branch, IFSC Code SYNB0003374 before submitting bids, EMD can also be paid by way of Pay order/Demand Draft in favour of Syndicate Bank payable at NANDYAL Main (3374). 5. Bids shall be submitted in the prescribed format with relevant details. For details, please contact M/s e-Procurement Technologies Limited (Auction tiger), B 704-705, Wall Street-II, Opp. Orient Club, Nr. Gujarat College, Ellisbridge, Ahmedabad, 079-40230811 / 812 to 824 Mob No. 9979543878, e-mail id: [email protected] & [email protected] on the platform of the website i.e. http://syndicatebank.auctiontiger.net 6. The intending bidders should submit the duly filled in Bid form (format available in the above website) along with DD/PO/quoting the UTR No. of NEFT/RTGS remittance towards EMD in a sealed cover addressed to the Authorized officer, Syndicate Bank, Regional Office, Park Road, Kurnool 518001 Ph.No.08518 224192 Email: [email protected], (or) Syndicate Bank, Nandyal Main Branch, Srinivasa Nagar, Nandyal, Phone : 08514 242 915 Mobile: 944 090 5409 Email: [email protected] so as to reach the same before 05.12.2019 (last date of submission of bid) by 4.00 pm. The sealed cover should be super scribed with “Bid for participating in e-auction Sale – in the A/c of M/s Sri Rajya Lakshmi Rural Farmers Warehouse, representing Prop. Smt. Chappala Rajeswari Devi. 7. 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 e- procurment technologies limited (auction tiger) (Web address) 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. 8. No person other than the intending bidder themselves, or their duly authorized agent shall be allowed to participate in the e-auction. 9. 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., e- Procurement Technologies Limited (auction tiger). 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 Page 3 of 6 from any Registering Authority (Certified by the Government of India) issuing of such signature. 10. It is the sole responsibility of the bidder to obtain the said Digital Signature Certificate and computer terminal system with internet connection to enable him/her to participate in the bidding. Any issue with regard to Digital Signature Certificate and connectivity during the course of the bidding online shall be the sole responsibility of the bidder and no claim in this regard shall be entertained by the Bank or the e-auction Service Provider. 11. Bidders can bid for all or any one of the lots. 12. Bidders are required to comply with KYC norms and provide self-attested KYC documents online as well as offline on or before 05.12.2019. The genuinity of the KYC documents is the sole responsibility of the bidder. 13. Offers that are not duly filled up or offers not accompanied by the EMD or offers received after the above date and time prescribed herein will not be considered /treated as valid offers, and accordingly shall be rejected. 14. After expiry of the last date of submission of bids with EMD, Authorized officer shall examine the bids received by him and confirm the details of the qualified bidders (who have quoted their bids on and above the Reserve Price and paid the stipulated EMD with the Bank along with other factors like valid KYC etc) to the service provider M/s e-Procurement Technologies Limited (auction tiger) to enable them to allow only those bidders to participate in the online inter se bidding / auction proceedings at the date and time mentioned in e-auction Sale Notice. 15. Inter se bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders and bidders can bid in multiples of Rs.50,000/- (depending on the value of the property). 16. Auction will be scheduled for an initial period of 60 minutes followed by unlimited extension of 5 minutes each, viz., the auction will run for 60 minutes first and in case there is a valid bid received within last 5 minutes, the auction will get extended for another 5 minutes.
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