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Gollaprolu Branch Description of the Property

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Gollaprolu Branch Description of the Property Gollaprolu Branch TERMS AND CONDITIONS E- Auction Sale Notice UNDER SARFAESI ACT NOTICE TO PUBLIC/ BORROWERS/GUARANTORS Name and Address of the Legal Heirs of deceased borrower Mr Gajula Seshagiri Rao of M/S Sri Gowri sankara Traders Mrs. Gajula Rukmini Devi, Opp. Suredu Cheruvu, Markendayapuram, Gollaprolu,E G Dt w/o Mr. Seshagiri Rao Mr. Gajula Sridhar Mani Soma Raju s/o Mr. Seshagiri Rao Opp. Suredu Cheruvu, Markendayapuram, Gollaprolu,E G Dt Mrs. Ch. Lalitha Devi c/o Mr. Gajula Seshagiri Rao Opp. Suredu Cheruvu, Markendayapuram, Gollaprolu,E G Dt Mrs. N. Mohan Surya Chakra c/o Mr. Gajula Seshagiri Rao Opp. Suredu Cheruvu, Markendayapuram, Gollaprolu,E G Dt Guarantor Mrs. Gajula Rukmini Devi, Opp. Suredu Cheruvu, Markendayapuram, Gollaprolu,E G Dt w/o Mr. Seshagiri Rao Amount Due: Cash Credit Account No.865230110000016, Amount Due as on 20-10-2018 :Rs 61,62,738.23ps with further interest w.e.f 20-10-2018 and costs. Description of the Property: a) The Scheduled property situated at EG Dist.Pithapuram Sub-Registry, Gollaprolu Mandal, Gollaprolu Nagar Panchayat, Gollaprolu S.No 616/6,620/7 an extent of 571 Sq.yards of vacant house site with Mangalore tiled house present D.No 10-163,Gandhi nagar, Gollaprolu,EG Dist. A P . House and site is bounded by Item No.1 : Boundaries for an extent of 323 Sq.yards site with Mangalore tiled Roof House East: Wall of Penkatkota Pola Rao to some extent ,Wall of Nallam Rama krishna to some extent 49 feet South: Item No.4 of this schedule i.e passage to some extent ,site of Padala Krishna to some extent 65 feet 3 inches West: House of Gajula Seshagiri Rao to some extent ,Item no.3 i.e passage to some extent-44 feet North: Site of Item no.2 of the Schedule-59 feet 9 inches Item No 2: Boundaries for an extent of 150 sq.yards site with ACC shed East: Wall of Penkatkota Pola Rao to some extent 34 feet 3 inches South: Item no.1 of this schedule-48 feet West: House of Karanam Gopalakrishna-27 feet North: House of Gajula Raja,Sai Manikankara Soma Raju-40 feet Item No 3.Boundaries for an extent of 34 Sq, yards passage East: Item no.1 of the schedule to some extent,Item no.2 of the schedule to some extent-8 feet 9 inches South: House of Gajula Seshagiri Rao-31 feet West: Raja veedhi-10 feet 9 inches North: House of Karanam Gopalakrishna Murthy-31 feet Item No.4 : Boundaries for an extent of 30 Sq.yards passage East : Wall of Padala Papayya-44 feet 3 inches South: Item no.5 of this schedule-6 feet West: Site of Padala Krishna 44 feet 3 inches North: Item no.1 of this schedule-6 feet Item No.5 : Boundaries for an extent of 34 Sq. yards passage East: Raja veedhi-4 feet 6 inches South:Site of Padala Konda Rao-67 feet 3 inches West: Site of PaKala Krishna -4 feet 6 inches North: Item no.4 of this schedule to some extent, site of Padala Papayya to some extent- 67 feet 3 inches Total extent of Item No.s 1 to 5 is 571 Sq.yards or 473.430 Sq.mts. with Mangalore tiled house, ACC shed with all Easementary rights, water sources and common passages etc. b) As per Original Regd. Gift settlement deed No.3876/2006 dt.30.11.2016 Mr. Gajula Seshagiri Rao S/o Mr.Soma Raju, details of schedule property as under: The Schedule property situated at EG Dist. Pithapuram Sub-Registry, Gollaprolu Mandal, Gollaprolu Nagar Panchayat ,Gollaprolu an extent of 138 Sq.yards or 305.379 Sq.mts,, vacant house site with RCC roof building therein Ground and 1st floor bearing D.No.10-172,Block no.9,Gollaprolu,Gollaprolu Panchayat, Gollaprolu Mandal, EG Dist. A P., bounded by East: House bearing D.No.10-163 belongs to Gajula Seshagirirao-39 feet 4 inches South: Site of Tummalapalli Veera Kumari to some extent,Padala Krishna to some extent-31 feet West: Raja veedhi-40 feet North: Passage belongs to Gajula Seshagiri Rao-31 fee Within all Easementary rights, water sources and common passages etc.house and site, with an extent of 138 Sq.yards. Reserve Price: Rs.72,41,000/- E.M.D @ 10% of Reserve Price Rs.7,24,100/- Madam/Dear Sir, The undersigned being the Authorised Officer of Bank of India is having full powers to issue this notice of sale and exercise all powers of sale under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the Rules framed there under. The borrower and after his demise you have committed default in repayment of the dues with interest and costs and charges etc in respect of the advances granted by the bank mentioned above. Hence the bank has issued a Demand Notice dated 04-11-2018 to all of you under section 13(2) to pay the amount mentioned thereon within 60 days. All of you failed to pay the amount even after the expiry of 60 days. Therefore the Authorised Officer, in exercise of the powers conferred under section 13(4), took possession of the secured asset, described in the e-auction sale notice published in EENADU (Telugu) and THE HINDU (English) Daily Newspapers published on 08.03-2019 . E-auction to be held on following dates and time with the following terms and conditions are as under Notice is hereby given to the legal hier of deceased borrower /guarantor to pay the sum as mentioned above before the date fixed for sale failing which the property will be sold and balance due, if any, will be recovered with interest and cost. Please note that all expenses pertaining to demand notice, taking possession, valuation and sale etc. Shall be first deducted from the sale proceeds, which may be realized by the undersigned and the balance of the sale proceeds will be appropriated towards your liability as aforesaid. Description of Property Date & Time of E- Reserve Price EMD Auction 10.04-2019 Rs.72,41,000/-E.M.D at 11.00 A.M @ 10% of a) The Scheduled property situated at to 12-00 Noon Reserve Price EG Dist.Pithapuram Sub-Registry, Rs. 7,24,100/- Gollaprolu Mandal, Gollaprolu (Afternoon) with Nagar Panchayat, Gollaprolu S.No auto unlimited 616/6,620/7 an extent of 571 extension of Sq.yards of vacant house site with 3 minutes each. Mangalore tiled house present D.No 10-163,Gandhi nagar, Gollaprolu,EG Dist. A P . House and site is bounded by Item No.1 : Boundaries for an extent of 323 Sq.yards site with Mangalore tiled Roof House East: Wall of Penkatkota Pola Rao to some extent ,Wall of Nallam Rama krishna to some extent 49 feet South: Item No.4 of this schedule i.e passage to some extent ,site of Padala Krishna to some extent 65 feet 3 inches West: House of Gajula Seshagiri Rao to some extent ,Item no.3 i.e passage to some extent-44 feet North: Site of Item no.2 of the Schedule-59 feet 9 inches Item No 2: Boundaries for an extent of 150 sq.yards site with ACC shed East: Wall of Penkatkota Pola Rao to some extent 34 feet 3 inches South: Item no.1 of this schedule-48 feet West: House of Karanam Gopalakrishna-27 feet North: House of Gajula Raja,Sai Manikankara Soma Raju-40 feet Item No 3.Boundaries for an extent of 34 Sq, yards passage East: Item no.1 of the schedule to some extent,Item no.2 of the schedule to some extent-8 feet 9 inches South: House of Gajula Seshagiri Rao-31 feet West: Raja veedhi-10 feet 9 inches North: House of Karanam Gopalakrishna Murthy-31 feet Item No.4 : Boundaries for an extent of 30 Sq.yards passage East : Wall of Padala Papayya-44 feet 3 inches South: Item no.5 of this schedule-6 feet West: Site of Padala Krishna 44 feet 3 inches North: Item no.1 of this schedule-6 feet Item No.5 : Boundaries for an extent of 34 Sq. yards passage East: Raja veedhi-4 feet 6 inches South:Site of Padala Konda Rao-67 feet 3 inches West: Site of PaKala Krishna -4 feet 6 inches North: Item no.4 of this schedule to some extent, site of Padala Papayya to some extent- 67 feet 3 inches Total extent of Item No.s 1 to 5 is 571 Sq.yards or 473.430 Sq.mts. with Mangalore tiled house, ACC shed with all Easementary rights, water sources and common passages etc. b) As per Original Regd. Gift settlement deed No.3876/2006 dt.30.11.2016 Mr. Gajula Seshagiri Rao S/o Mr.Soma Raju, details of schedule property as under: The Schedule property situated at EG Dist. Pithapuram Sub-Registry, Gollaprolu Mandal, Gollaprolu Nagar Panchayat ,Gollaprolu an extent of 138 Sq.yards or 305.379 Sq.mts,, vacant house site with RCC roof building therein Ground and 1st floor bearing D.No.10- 172,Block no.9,Gollaprolu,Gollaprolu Panchayat, Gollaprolu Mandal, EG Dist. A P., bounded by East: House bearing D.No.10-163 belongs to Gajula Seshagirirao-39 feet 4 inches South: Site of Tummalapalli Veera Kumari to some extent,Padala Krishna to some extent-31 feet West: Raja veedhi-40 feet North: Passage belongs to Gajula Seshagiri Rao-31 fee Within all Easementary rights, water sources and common passages etc.house and site, with an extent of 138 Sq.yards.
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