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ANNEXURE I NOTICE to SALE of IMMOVABLE SECURED ASSETS (Issued Under Rule 8(6) / 9(1) of the Security Interest (Enforcement) Rules 2002)

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ANNEXURE I NOTICE to SALE of IMMOVABLE SECURED ASSETS (Issued Under Rule 8(6) / 9(1) of the Security Interest (Enforcement) Rules 2002) Indian Overseas Bank, Kirlampudi Layout Branch, Door No-7-1-75, Ground Floor, Chinna Waltair Main Road, Visakhapatnam-530017, Andhrapradesh. Phone: - 0891-2793544. E Mail:- [email protected] Date: 30.07.2019 ANNEXURE I NOTICE TO SALE OF IMMOVABLE SECURED ASSETS (Issued under Rule 8(6) / 9(1) of the Security Interest (Enforcement) Rules 2002) TO 1 M/S. ISR INFRA PVT LTD Borrower/Mortgagor Rep by its Directors Flat No-28, Sai Ratneswar Residency, Seethamadhara, Visakhapatnam- 530013. 2 Idupulapati Srinivasa Rao, Director1/Borrower/Guarantor s/o. Radha Krishna Murthy Door No-53-16-1/2, Flat No-501 Happy Homes, KRM Colony, Visahapatnam- 530013. 3 Idupulapati Madhavi, Director2/Borrower/Guarantor w/o Idupulapati Srinivasa Rao. Door No-53-16-1/2, Flat No-501 Happy Homes, KRM Colony, Visahapatnam- 530013. Sir/Madam, 1. This has reference to recovery actions initiated against you under the provisions of the SARFAESI Act 2002. 2. Please refer to the possession notice dated 23.10.2017 issued to you regarding taking possession of the secured assets at more fully described in the schedule below and the publication of the said possession notice in The Andhra Jyothi and The New Indian Express on 28.10.2017 by the undersigned for the purpose of realization of the secured assets in exercise of the powers conferred on the bank as secured creditor under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the rules there under. 3. You the above mentioned Borrower / mortgagors / guarantors have failed to pay the dues in full save and except payments amounting to Rs.35,00,000/- (Rupees Thirty Five lakhs only) after issuance of demand notice dated 07.08.2017. Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as it is what is” condition under section 13(4) of the Act read with Rules 8 & 9 of the Security Interest (Enforcement) Rules, 2002. 4. After appropriating the aforesaid repayments, the dues in the loan account as on 30.06.2019 is Rs.13,75,52,829/- (Rupees Thirteen Crore Seventy Five Lakhs Fifty Two Thousand Eight Hundred and Twenty Nine only) along with further interest at contractual rates and rests, besides costs + actual expenses made for property maintenance. 5. We hereby give you notice of 15 days that the below mentioned secured asset shall be sold by the undersigned on 19.08.2019 between 10 A.M to 12.00 Noon with auto extension of 5 minutes through E – auction using (https://iob.auctiontiger.net). DESCRIPTION OF IMMOVABLE PROPERTY Sl No Property Owned by Particulars of Security 1 M/S. Isr Infra Projects (p) Equitable mortgage followed by Registration of LTD, Rep by its MD Sri. memorandum of deposit of title deeds relating to industrial Idupulapati Srinivasa cum Residential land, building & sheds under GVMC limit in Rao. the extent of 2844 sq yds along with 3825 S.Ft ACC shed covered by S.No-159/1, 1152/2 & 3 at D NO. 5-53, S. No.159/1, 115/2 & 3 patta no. 228, 288, 233, 197, 49, 230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village, Madhurawada sub-registry, Visakhapatnam, standing in the name of M/S.Isr Infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundaries of the Property:- North:- Rasta (land in S.NO.117) South:- Land Belongs to H. Bhaskar Rao. East:- 40 feet wide Road. West:- site belongs to sri. syed Mansur. 2 M/S. Isr Infra Projects (p) Equitable Mortgage followed by Registration of LTD, Rep by its MD. Sri memorandum of deposit of title deeds relating to industrial Idupulapati Srinivasa cum Residential vacant land under GVMC limit in the extent Rao. of 3059 sq yds covered by at D.No.5-53, S.No. 159/1, 115/2 & 3, patta No. 233,197, 49,230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village , madhurawada sub- registry, Visakhapatnam, standing in the name of M/S. Isr infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundary of the property:- North:-Rasta (Land in SNo.-117). South:-Land Belongs to Hyderabad Bhaskar Rao. East:- Site belongs to smt. Asifa Begam. West:- Gedda 3 M/S. Isr Infra Projects (p) Equitable mortgage followed by Registration of LTD, Rep by its MD. Sri. memorandum of deposit of title deeds relating to vacant Idupulapati Srinivasa land in the extent of 6146.8 sq yds covered by sy no.141/3A, Rao. ward No-8,southern Road to Gidijala near D.No.8-110 of kothavalasa panchayat, kothavalasa sub-registry, Vizianagaram District,standing in the name of M/S Isr infra projects pvt ltd Rep by its MD. I Srinivasa Rao. Boundary of the property:- North:- Kothavalasa to Vizianagaram Road leads from Gidijala. South:-Land belongs to Sri Gorapalli family. East:-Veerasagaram Gedda. West:-Dry Land in S.No.141/2A. 4 M/S.Isr Infra Projects (p) Equitable mortgage followed by Registration of LTD, Rep by its MD. memorandum of deposit of title deeds relating to vacant Idupulapati Srinivasa land in the extent of 7744 sq yds covered by sy no.141/1A of Rao. kothavalasa, word no-8, Dadas up to ZP High School near D.No.8-110, Kothavaasa panchayat, kothavalasa sub- registry, Vizianagaram District, standing in the name of M/S. ISR Infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundary of the Property:- North:- Kothavalasa to Vizianagaram road leads from Gidijala. South:- Dry Land of Gorapalli Family. East:- Dry Land in SNO.141/2A. West:- Kothavalasa to Vizianagaram Road. Place: Visakhapatnam Authorized Officer Date: 30.07.2019 Indian Overseas Bank. PAPER PUBLICATION FORMAT OF E- AUCTION NOTICE FOR SALE OF IMMOVABLE PROPERTIES Indian Overseas Bank, Kirlampudi Layout Branch, Door No-7-1-75, Ground Floor, Chinna Waltair Main Road, Visakhapatnam-530017, Andhra Pradesh-530013. Phone: - 0891-2793544. E Mail:- [email protected] Date: 30.07.2019 E-AUCTION SALE NOTICE (Under Proviso to Rule 8(6) / Rule 9(1) of Security Interest (Enforcement) Rules) E-Auction Sale Notice Of Immovable Assets Under The Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002, Read With Provison To Rule 8(6) Of The Security Interest (Enforcement) Rules Act, 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 symbolic possession of which has been taken by the Authorized Officer of Indian Overseas Bank as Secured Creditor, will be sold ‘’ As is Where is’’, ‘’ As is what is’’ and ‘’Whatever there is’’ condition on 19.08.2019 for recovery of Rs.13,75,52,829/- (Rupees Thirteen Crore Seventy Five Lakhs Fifty Two Thousand Eight Hundred and Twenty Nine only) as on 30.06.2019 with further interests and costs due to the IOB as Secured creditor from 1.M/S ISR Infra Pvt Ltd, Door No.50-96-4/7, Flat No-2b, Sai Ratneswar Residency, Seethamadhara, 530013 (Borrower/Mortgagor) 2. Idupulapati Srinivasa Rao, s/o Radha Krishna Murthy, Door No-53-16-1/2, Flat No-501, Happy Homes, Krm Colony, Visakhapatnam-530013 (Director1/Borrower/Guarantor) 3. Idupulapati Madhavi, w/o Idupulapati Srinivasa Rao, Door No-53-16-1/2, Flat No-501, Happy Homes, KRM Colony, Visakhapatnam- 530013 (Director2/Borrower/Guarantor). The Reserve price will be: For Property 1: Rs.4,51,11,000/- (Four Crore Fifty One Lakhs Eleven Thousand Only) For Property 2: Rs.4,77,08,000/- (Four Crore Seventy Seven Lakhs Eight Thousand Only) For Property 3: Rs.4,61,87,000/- (Four Crore Sixty One Lakhs Eighty Seven Thousand Only) For Property 4: Rs.5,81,97000/-(Five Crore Eighty One Lakhs Ninety Seven Thousand Only) Earnest Money Deposit will be: For Property1: Rs.45,11,100/- (Rupees Forty Five Lakhs Eleven Thousand One Hundred Only ) For Property 2:Rs.47,70,800/- (Rupees Forty Seven Lakhs Seventy Thousand Eight Hundred Only) For Property 3:Rs.46,18,700/- (Rupees Forty Six Lakhs Eighteen Thousand Seven Hundred Only) For Property 4:Rs.58,19,700/- (Rupees Fifty Eight Lakhs Nineteen Thousand Seven Hundred Only) DESCRIPTION OF IMMOVABLE PROPERTY Sl No Property Owned by Particulars of Security 1 M/S. Isr Infra Projects (p) Equitable mortgage followed by Registration of LTD, Rep by its MD Sri. memorandum of deposit of title deeds relating to industrial Idupulapati Srinivasa cum Residential land, building & sheds under GVMC limit in Rao. the extent of 2844 sq yds along with 3825 S.Ft ACC shed covered by S.No-159/1, 1152/2 & 3 at D NO. 5-53, S. No.159/1, 115/2 & 3 patta no. 228, 288, 233, 197, 49, 230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village, Madhurawada sub-registry, Visakhapatnam, standing in the name of M/S.Isr Infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundaries of the Property:- North:- Rasta (land in S.NO.117) South:- Land Belongs to H. Bhaskar Rao. East:- 40 feet wide Road. West:- site belongs to sri. syed Mansur. 2 M/S. Isr Infra Projects (p) Equitable Mortgage followed by Registration of LTD, Rep by its MD. Sri memorandum of deposit of title deeds relating to industrial Idupulapati Srinivasa cum Residential vacant land under GVMC limit in the extent Rao. of 3059 sq yds covered by at D.No.5-53, S.No. 159/1, 115/2 & 3, patta No. 233,197, 49,230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village , madhurawada sub- registry, Visakhapatnam, standing in the name of M/S.
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