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.