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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, Tapeswaram Branch, Main Road, Mandapeta Mandal, Tapeswaram, East Godavari Dist. Pin Code-533340. Ph: 08855-232129 Email id: [email protected] Place: Tapeswaram Date: 29.07.2019 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 Sri Venkateswara Constructions Pvt Ltd 2-29, Arthamuru Village, Mandapeta Mandal, East Godavari District, Andhra Pradesh-533340. ……Borrower 2. Corporate Office: M/s Sri Venkateswara Constructions Pvt. Ltd, Flat No.503, Manabhumi Milinium Residency, Opp. Shenoy Grounds, Nehru Nagar Post Office Street, West Maredpalli, Secunderabad – 500026. ……Borrower 3. Sri. Sattii Srinivasa Reddy, Managing Director, M/s Sri Venkateswara Constructions Pvt. Ltd, Flat No.503, Manabhumi Milinium Residency, Opp Shenoy Grounds, Nehru Nagar Post Office Street, West Maredpalli, Secunderabad – 500026. ……Managing Director/ Guarantor/ Mortgagor 4. Sri. Keta Bhaskar Kumar Babu, Additional Director, M/s Sri Venkateswara Constructions Pvt Ltd. Villa No.09, Maithri Enclave, Yarpal Village, Alwal Mandal, Secunderabad. ……Additional Director/Guarantor 5. Sri. Satti Konda Reddy, S/o Late Satyam, D.No.2-29, Arthamuru, Mandapeta Mandal, E.G. Dist, A.P-533308. …Guarantor/ Mortgagor 6. Sri. Chirla Ramakrishna Reddy, S/o Veera Raghava Reddy, D.No.3-33, Arthamuru, Mandapeta Mandal, E.G. Dist, A.P-533308. …Guarantor/ Mortgagor 7. Smt. Satti Anuradha,W/o Satti Srinivasa Reddy, Flat No.503, Manabhumi Milinium Residency, Opp Shenoy Grounds, Nehru Nagar Post Office Street, West Maredpalli, Secunderabad – 500003. …Guarantor/ Mortgagor 8. Smt. Satti Lakshmi, W/o Satti Konda Reddy, D.No.2-29, Arthamuru, Mandapeta Mandal, E.G. Dist, A.P-533308. …Guarantor/ Mortgagor 9. Sri. Dokala Babu Srinivasa Rao, S/o Sanyasi Naidu, D.No.11/12,2nd Floor, 3rd Cross Chaitanya layout, Near Horamavu Agara lake, South Bangalore, Bangalore, Karnataka-560043. …Guarantor/ Mortgagor 10. Smt. Ketha Nagmani, W/o Venkata Satyanarayana Setty, D.No.6-14, Besides BSNL Exchange,Tatipaka, Razole Mandalam, East Godavari Dist, Andhra Pradesh-533249. …Guarantor/ Mortgagor Sir, 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 22.02.2019 issued to you regarding taking possession of the secured asset at more fully described in the schedule below and the publication of the said possession notices in the Prajasakthi and The New Indian Express on 27.02.2019 by the undersigned for the purpose of realization of the secured asset 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 / mortgagor and guarantors have failed to pay the dues in full save after issuance of demand notice dated 04.06.2018.Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as is what is” ‘’whatever there is’’ condition under section 13(4) of the Act read with Rules 8 of the Security Interest (Enforcement) Rules, 2002. 4. After appropriating the aforesaid repayments, the dues in the loan accounts as on 30.06.2019 are Rs.19,63,57,086/- (Rupees Nineteen Crore Sixty Three Lakhs Fifty Seven Thousand and Eighty Six Only) along with further interest at contractual rates and rests, besides costs plus 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 10.00 A.M to 12 Noon. with auto extension of 5 minutes through E – auction using (https://iob.auctiontiger.net). Description of the Immovable Property 1. All that part and parcel of vacant site admeasuring 220 sq yards situated at plot No 18, RS No 525, Suma enclave, Velugubanda, Rajahmundry. Property standing in the name of Mr. Satti Srinivasa Reddy. Boundaries: On the North by Road. On the South by Plot no. 173. On the East by Plot no.179. On the West by Plot no. 181. 2. All that part and parcel of vacant site admeasuring 2081.20 sq yards situated at RS No 370/1, near D.No. 1-171, Arthamur village, Mandapeta Mandal, East Godavari District. Property standing in the name of Mr. Ch Ramakrishna Reddy. Boundaries (As per Doc No. 2532/2008 dated 31.12.2008): On the North by Naduru Baba Canal bund. On the South by Land belongs to D. Veera Raghava Reddy. On the East by Site belongs to Ch Ramakrishna Reddy. On the West by Land of M. Suryanarayana Reddy. Bounded (As per Doc No. 17/2009 dated 03.01.2009): On the North by Naduru Baba Canal bund. On the South by Land belongs to Mr. D. Veera Raghava Reddy. On the East by Site belongs to Mr. K.V.V. Reddy & others. On the West by Remaining land in the same R.S.No. 3. All that part and parcel of vacant site admeasuring 1984.40 sq yards situated in RS No 312/1, near D.No.8-322, Back side of CRC club, Vedireswaram Road, Ravulapalem, Ravulapalem Mandal, E.G District. Property standing in the name of Mr. Satti Srinivasa Reddy. Boundaries (As per Doc No.68/2009 dated 21.01.2009): On the North by Land of Mr. Chirla Ramakrishna Reddy. On the South by Puntha Bodi. On the East by Vacant site of Sri Bangeru Papamma Ammavari Devasthanam. On the West by Land of Mr. Konda Anjaneya Reddy. Bounded (As per Doc No.69/2009 dated 21.01.2009): On the North by Land of Mr. Karri Nagireddy. On the South by Land of Mr. Chirla Ramakrishna Reddy. On the East by Vacant site of Sri Bangeru Papamma Ammavari Devasthanam. On the West by land of Mr. Konala Anjaneya Reddy. 4. All that part and parcel of vacant site admeasuring 992.20 sq yards in RS No 312/1, near D.No. 8- 322, Back side of CRC club vedireswaram Road, Ravulapalem, Ravulapalem Mandal, E.G.District. Property standing in the name of Mr.Ch Rama Krishna Reddy. Boundaries: On the North by Land of Mr. Satti Srinivasa Reddy. On the South by Land of Mr. Satti Srinivasa Reddy. On the East by Vacant site of Ravalupalem Sri Bangaru papamma Ammagiri devasthanam site. On the West by Land of Mr. Anjaneya Reddy. 5. All that part and parcel of two vacant sites admeasuring 300 Sq.Yds. in plot No.105 and 305.00 Sq. Yds. in plot No.8, in R.S.No. 433 & 444 in Palacharla Village & Panchayat, Rajanagaram Mandal, EG Dist. Property standing in the name of Mr. Ch. Ramakrishna Reddy. Boundaries (Plot No.8): On the North by Land in R.S.No.433/1. On the South by Road. On the East by Plot No.9. On the West by Plot No.7. Boundaries (Plot No.105): On the North by Road. On the South by Plot No.133. On the East by Plot No.104. On the West by Plot No.106. 6. All that part and parcel of vacant site admeasuring Ac1.00 converted to non agri or (4840 Sq. Yds.) Zeroity dry land in RS No.319/4,5,6 of Palacherla Revenue Village of Diwancheruvu GP, Near NH-16, Rajanagaram Mandal, EG District. Property standing in the name of Smt. Satti Anuradha. Boundaries: On the North by Land in R.S.No.319/1. On the South by Puntha. On the East by Land of Tadi Krishna Veni. On the West by Land of Nallamilli Srinivasa Reddy. 7. All that part and parcel of the property along with super structure thereon situated at R.S.No.381/8, D.No.7-5 in Arthamuru Village, Mandapeta, EG Dist. Property owned by Mr. Satti Srinivasa Reddy. Boundaries: On the North by Land belonging to Mr. M. Nagi Reddy. On the South by Vacant House Site of Mr. T V Reddy. On the East by Rajaveedhi. On the West by House wall of Mr. Satti Venkata Reddy & Mr. M. Nagi Reddy. 8. All that part and parcel of the property consisting of Residential and commercial site admeasuring 2371 sq. Yards in R.S. No.199/5,7 situated at Tatipaka Village and Gram Panchayat, Razole Mandal, East Godavari District, Andhra Pradesh. Property standing in the name of Smt. Ketha Nagmani W/o Venkat Satyanarayana Setty. Boundaries: On the North by Land in R.S.No.199/5. On the South by Property in R.S. No. 199/7 of Mr. P. Somana & Venkaya. On the East by Land in R.S.No.199/7. On the West by Canal Road. Date: 29.07.2019 Authorized Officer Place: Tapeswaram Indian Overseas Bank PAPER PUBLICATION FORMAT OF E- AUCTION NOTICE FOR SALE OF IMMOVABLE PROPERTIES Indian Overseas Bank, Tapeswaram Branch, Main Road, Mandapeta Mandal, Tapeswaram, East Godavari Dist. Pin Code-533340. Ph: 08855-232129 Email id: [email protected] Date: 29.07.2019 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 Proviso 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 on 27.02.2019 for recovery of Rs.19,63,57,086/- (Rupees Nineteen Crore Sixty Three Lakhs Fifty Seven Thousand and Eighty Six Only) as on 19.08.2019 with further interests and costs due to the IOB as Secured creditor from 1.
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