1)M/S Singaraya Hills Green Power Genco Pvt. Ltd. Rep. by Its Managing Director Registered Office D.No
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1 R.P.No.01/2018 in O.A.No 968/2016 GOVERNM ENT OF INDIA M INISTRY OF FINANCE DEBTS RECOVERY TRIBUNAL DEPARTM ENT OF FINANCIAL SERVICES 31-31-21, Narayana Bhavanam, Saibaba Street, Daba Gardens VISHAKHAPATNAM – 530 020 PROCLAMATION OF SALE -cum- E-AUCTION SALE NOTICE (See Rule 52(2) of the Second Schedule of the Income Tax Act, 1961) R.P.No.01/2018 in O.A.No.968/2016 Whereas a Recovery Certificate dt.31-01-2018 was issued by the Hon’ble Presiding Officer, Debts Recovery Tribunal, Vishakapatnam, A.P. under sec.19(22) of the Re cove ry of Debts Due to Banks and Financial Institutions Act, 1993 in O.A.No.968/2016 between Corporation Bank, Benz Circle Branch, Vijayawada and M/s Singaraya Hills Green Power Gence Pvt. Ltd., and others and forwarded the same for execution. 2. Whereas the execution proceedings were in R.P.No.01/2018 for recovery of Rs.19,63,72,265/- covered by Recovery Certificate with interest, costs, etc. specified therein from the following Certificate Debtors:- 1)M/s Singaraya Hills Green Power Genco Pvt. Ltd. Rep. by its Managing Director Registered Office D.No. 40-1-21/3, 1st Floor, Surya Towers, M.G. Road, Vijayawada-520010. ….CD-1 2)Sri A. Udaya Bhasararao, D.No. 40-1-21/3, 1st Floor, Surya Towers M.G. Road, Vijayawada- 520 010. ….CD-2 3)Sri Avva Venkata Seshu Narayana Rao, S/o Late A. Venkata Rao, D.No. 23-35-40, A.S. Rao Street, Near SBI Lakshminagar, Vijayawada- 520 011. ….CD-3 4)M/s Agri Gold Projects Ltd., D.No. 40-1-21/3, 1st Floor, Surya Towers, M.G. Road, Vijayawada- 520 010. ….CD-4 3. And whereas on 11-06-2019 (Lot I to V), 12-06-2019(Lot VI to X) and 13-06- 2019 (Lot XI to XIV) (the date fixed for sale) there will be due there under a sum of Rs.28,82,69,775/-( interest calculated upto 31-05-2019) towards interest @ 14.85% per annum with monthly rests on Rs.16,76,40,475/-(for Term loan) and @12.5% per annum with monthly rests on Rs.2,87,31,590/- (for FITL) from 01-06-2019 till realization plus costs and expenses incurred/to be incurred in the Recovery Proceedings minus recovery effected therein. 4. Whereas the undersigned ordered for Sale of the Schedule properties of Certificate Debtor mentioned hereunder in satisfaction of Recovery Certificate by adopting “online e-Auction Sale” through the website https://drt. auctiontiger.net of the Service Provider on the date and time indicated hereunder with an auto extension clause of 5 minutes each i.e. e-auction end time will be extended by 5 minutes each time, if a bid is made before closure of the auction. The Date of Auction, Time, Reserve Price, Earnest Money Deposit, Bid Increase Amount etc. are mentioned hereunder against the Item/Schedule of property i.e.,(Attached Annexure A and B ) 2 R.P.No.01/2018 in O.A.No 968/2016 Date of Auction-11-06-2019(Lot I to V), Last date for Bid: 07-06-2019(4.00PM) 12-06-2019(Lot VI to X), 13-06-2019(Lot XI to XIV) Schedule Reserve Price Earnest M oney Bid Increase Date & Time of Deposit Amount Auction* in Between Sch. “A” (Annexure – A&B) (11-06-2019) attached Rs.4,14,69,000/- Rs. 41,46,900/- Rs.1,00,000/- 11.00 hrs to 11.30 hrs. Lot. I (11-06-2019) Lot. II Rs.2,30,49,000/- Rs. 23,04,900/- Rs.1,00,000/- 11.31 hrs. to 12.00 hrs. (11-06-2019) Lot. III Rs.2,44,69,000/- Rs. 24,46,900/- Rs.1,00,000/- 12.01 hrs. to 12.30 hrs. (11-06-2019) Lot. IV Rs.2,27,48,000/- Rs. 22,74,800/- Rs.1,00,000/- 12.31 hrs to 13.00 hrs. (11-06-2019) Lot. V Rs.5,84,05,000/- Rs. 58,40,500/- Rs.1,00,000/- 13.31 hrs. to 14.00 hrs. (12-06-2019) Lot. VI Rs.58,87,000/- Rs. 5,88,700/- Rs.20,000/- 11.00 hrs. to 11.30 hrs. Lot. VII Rs.47,25,000/- Rs.4,72,500/- Rs.20,000/- (12-06-2019) 11.31 hrs. to 12.00 hrs. Lot.VIII Rs,.2,00,04,000/- Rs.20,00,400/- Rs.1,00,000/- (12-06-2019) 12.01 hrs. to 12.30 hrs. Lot.IX Rs.12,17,000/- Rs.1,21,700/- Rs.20,000/- (12-06-2019) 12-31 hrs. to 13.00 hrs. Lot. X Rs.45,89,000/- Rs.4,58,900/- Rs.20,000/- 12-06-2019) 13.31 hrs. to 14.00 hrs.. Lot.XI Rs.2,89,48,000/- Rs.28,94,800/- Rs.1,00,000/- 13-06-2019) 11-00 hrs. to 11.30 hrs. Lot.XII Rs.1,69,44,000/- Rs.16,94,400/- Rs.20,000/- 13-06-2019) 11-31 hrs. to 12.00 hrs. Lot.XIII Rs,3,75,87,000/- Rs.37,58,700/- Rs.1,00,000/- 13-06-2019) 12.01 hrs. to 12.30 hrs. Lot.XIV Rs,2,82,06,000/- Rs.28,20,600/- Rs.1,00,000/- 13-06-2019) 12-31 hrs. to 13.00 hrs. * Time of Auction – with an auto extension clause of 5 minutes each i.e e-auction end time will be extended by 5 minutes each, if bid is made before closure of auction. 5. The public are invited to participate in “online e-auction” through the website https://drt. auctiontiger.net of the Service Provider. The details of Service Provide r are:- M/s. e-procurement Technologies Limited(abc procure) A-201/208, Wall Stre et-II, Opp. Orient Club, Near Gujarat College, Ellis Bridge, Ahmedabad-380006(contact No. 079-400168/35/91, E-mail id: [email protected] and [email protected] Ravi Kumar Chukka (Visakhapatnam) 8008617666, [email protected] 6. The intending participants/bidders are advised to go through the website https://drt. auctiontiger.net for detailed terms and conditions of e-auction sale and are required to contact the Service Provider for online registration, user ID, Password, he lp, procedure, online training about e-auction etc., for submitting their Bid Forms and for taking part in e-auction sale proceedings. 3 R.P.No.01/2018 in O.A.No 968/2016 7. The intending participants/bidders shall deposit EMD amount by RTGS/NEFT/Funds Transfer to the credit of E-Auction collection Account No.510101005413991, Corporation Bank, Benz Circle Branch, Vijayawada, E- Auction collection Account- Corporation Bank, IFSC Code:-CORP0000706 and submit the Bid Forms online with requisite details viz. proof of deposit of EMD, Aadhar Card, PAN Card, Address & ID Proof on or before the last date mentioned in the above table, and also send hard copy of Bid Form duly filled in along with self attested copies of above documents by Registered Post/Speed Post/ Courier to the undersigned so as to reach on or before 07-06-2019 by 4.00 PM. Postal delays are not entertained. Separate Bid Forms should be submitted along with proof of deposit of EMD for each lot–wise property. 8. The intending participants are also advise d to contact Mr. B. Mastana Rao, Chief Manager, (Mobile No.7032943027 Land Line No. 08662470082/ 2470732), and email id of Branch: [email protected] for queries, inspection of schedule properties, perusal of copies of title deeds and latest encumbrance certificates to exe rcise due diligence and satisfy themselves about the title of property under auction sale. SCHEDULE OF PROPERTIES Immovable properties (as per annexure-A & B attached herewith LOT wise properties) (GIVEN UNDER MY HAND AND SEAL OF THIS TRIBUNAL AT VISAKHAPATNAM ON THIS 2nd DAY OF MAY, 2019) (G. Vasudeva Rao) RECOVERY OFFICER-I Copy to: 1. The Sub-Registrar, SRO, Markapuram/ Kanigiri/Udayagiri/Yerragondapalem, Prakasam District - for making entries in their record. 2. The Concerned MRO, Tripurantham/ Peddaraveedu/ Chandrasekharapuram/ Yerragondapalem, Pullacheruvu/ Pamaru/ Marripadu/ Seetharamapuram, Prakasam District - for making entries in their record. 3. Notice Board, DRT, Visakhapatnam 4. The Chief Manager, Corporation Bank, Benz Circle Branch, Vijayawada - For needful action. 4 R.P.No.01/2018 in O.A.No 968/2016 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEBTS RECOVERY TRIBUNAL DEPARTMENT OF FINANCIAL SERVICES 31-31-21, Narayana Bhavanam, Saibaba Street, Daba Gardens VISHAKHAPATNAM – 530 020 Detailed Terms and Conditions for Online E - Auction Sale 1) Auction/bidding shall be only through “Online electronic mode” on the we bsite of the Service Provider, as mentioned in E-Auction Sale Notice. 2) For participating in e-auction sale, the intending bidders shall register their details with the Service Provider through their website and get the Use r ID and Password. The Service Provider will communicate the Password to all the qualified bidders on de posit of EMD to their e-mail for participating in online e-auction. 3) The Bid Forms received without copies of proof of payment of EMD, PAN CARD, ID and Address Proof will be summarily rejected and their user IDs will not be activate d to participate in e-Auction. 4) The sale will be stopped before the sale is knocked down, if the afore said arrears (including costs of sale along with future interest) are tendered or proof is submitte d to the undersigned to the effect that the said amount along with interest and costs have been paid.