Stressed Assets Management Branch Flat No. 104, 1st floor H.No.6-3-639/640/642 Golden Edifice Complex Khairathabad Hyderabad – 500 004 –Tel:04023322157 E-mail: [email protected] E –Auction sale notice under SARFAESI Act 2002 * Sale of immovable/movable assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the Act). Notice is hereby given to the public in general and to the Borrower/s and Guarantor/s in particular that the under mentioned property mortgaged to Syndicate Bank, the possession of which had been taken by the Authorised Officer of the Bank under Section 13(4) of the Act will be sold by E- Auction as mentioned below for recovery of under mentioned dues and applicable interest, charges and costs etc as detailed below. The property described below is being sold on “AS IS WHERE IS, WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” under the rule no. 8 & 9 of the Security Interest (Enforcement) Rules (hereinafter referred to as the rules) for the recovery of the dues detailed as under: Borrower/Name & address. Guarantors: M/s Venkatadri Spinning Mills Pvt Ltd 01. Sri Mandapaka Srinivasa Rao, S/o Rep. by its M.D Mandapaka Srinivasa rao M Nageswara Rao, Tholeru Village, Registered Office at: Veeravasaram Mandal, West D No 7/248, Ammigunta Area Godavari Dist Chikkala Village, Chagallu Mandal 02. Sri Mandapaka Rambabu, S/o M West Godavari Dist, A.P. – 534342 Nageswara Rao, Tholeru Village, Veeravasaram Mandal, West Godavari Represented by its Dist 03. Sri Mandapaka Nageswara Rao, S/o M Managing Director: Venkata Naidu, Tholeru Village, Sri Mandapaka Srinivasa Rao Veeravasaram Mandal, West Godavari S/o M Nageswara Rao, Tholeru Village, Dist Veeravasaram Mandal, West Godavari Dist 04. Smt J Lakshmi Surya Kumari, D/o M Nageswara Rao, Tholeru Village, Joint Managing Director: Veeravasaram Mandal, West Godavari Sri Mandapaka Rambabu Dist S/o M Nageswara Rao, Tholeru Village, 05. Sri Dokku Srinivasa Rao, S/o Veeravasaram Mandal, West Godavari Dist Hanumantha Rao, Flat No B4, Moon Apartment, Tanuku, West Godavari Dist Director: 06. Smt Mandapaka Yathirajavalli, W/o M Sri Mandapaka Nageswara Rao Rambabu, Tholeru Village, Veeravasaram S/o M Venkata Naidu, Tholeru Village, Mandal, West Godavari Dist. Veeravasaram Mandal, West Godavari Dist 07. Smt Adabala Nagamani, W/o Satyanarayana, 12th Ward, Gunupudi, Director: Bhimavaram Mandal, West Godavari Dist. Smt J Lakshmi Surya Kumari 08. Smt Ch Adi Lakshmi, W/o Venkata Tata D/o M Nageswara Rao, Tholeru Village, Rao, 22nd Ward, Rustumbada Village, Veeravasaram Mandal, West Godavari Dist Narasapuram Mandal, West Godavari Dist. Director: 09. Smt P Varalakshmi, W/o Nageswara Rao, Sri Dokku Srinivasa Rao Chinnamamidipalli Village, S/o Hanumantha Rao, Flat No B4, Moon Narasapuram Mandal, West Godavari Dist. Apartment, Tanuku, West Godavari Dist

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Total amount due as on Rs. 14,38,29,634.86 (Rupees Fourteen Crores Thirty eight lakhs 04/05/2019 twenty nine thousand six hundred thirty four and paise eighty six only) with future interest and costs till date of payment.

Sl.No. Property Description Reserve Price EMD (in Rs) Name of the Owner (In Rs.) / Mortgagor 1 Land & Factory Building in R S 29,95,000/- 2,99,500/- M/s Venkatadri No 644, an extent of Ac 3.00 Cents Spinning Mills at Chikkala Village, Chagallu Pvt. Ltd. Mandal, West Godavari Dist. Covered by Registered Sale deed Doc.No.1117/2010 of Nidadavolu SRO

West Godavari District, Chagallu Mandal, Nidadavole Sub-Registry, Chikkala Grampanchayat, Chikkala Village, Zirayat dry land in R.S.No 644 out of total extent of Ac.11-86 cents in which towards western side Ac.3-00 cents of land and factory therein bearing Door No 7-248 and Assessment No 1181, bounded by:

East : Land belongs to vendors. South: Land belongs to Kondepati Ramarao. West: Land belongs to Vemulapalli Suryanarayana. North: Road.

As per document, extent is Ac.3-00 cents of land and factory building was constructed therein. Actual extent as per valuation Ac.2-65 cents, bearing Door No 7-248 and Assessment No 1181 situated within the above mentioned boundaries with all easementary rights, water courses etc. 2 A). An extent of Ac 3.84 cents of 1,46,00,000 14,60,000 Sri Mandapaka Vacant Converted Land in S.No- Srinivasa Rao 257/1, 255/3B, 258/3 258/4, 258/5 at S/o M. Veeravasaram village & Nageswara Panchayath area, Veeravasaram Rao: Mandal, West Godavari district.

Item No 01: Covered by Regd. Sale deed Doc.No.1635/2011 of Veeravasaram SRO, owned by Sri Mandapaka Srinivasa Rao West Godavari District, Veeravasaram Sub-Register’s Office limit, Veeravasaram Mandal,

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Veeravasaram Gram Panchayat and village area Zirayat Converted Land in R.S.No 258/3, an extent of Ac.1- 32 with customary rights of passages and water channels including easement rights etc. East: Land of Kancharala Gopala Krishna South: Land of Bandi Pothu Raju West: Irrigation Channel North: Kalingala Irrigation Canal bund Item No 02: Covered by Regd. Sale Deed Doc.No.1692/2011 of Veeravasaram SRO, owned by Sri Mandapaka Srinivasa Rao. West Godavari District, Veeravasaram Sub-Register’s Office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area Zirayat Converted Land in R.S.No, 258/5, an extent of Ac.1- 02 out of it Southern side Ac. 0-51 with customary rights of passages and water Channels including easement rights etc East: Irrigation Channel South: Land of Kancharla Gopala Krishna West: Land of Mandapaka Srinivasa Rao North: Land of Mandapaka Srinivasa Rao

Item No. 03: Covered by Regd. Sale deed Doc.No.1691/2011 of Veeravasaram SRO, Owned by Sri Mandapaka Srinivasa Rao. West Godavari District, Veeravasaram Sub-Registrar’s office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area, Zirayat converted Land in R.S.No.258/4, an extent of Ac.0-98 out of it Middle Ac.0-69 with customary rights of Passage and water channels including Easement rights etc. East: Irrigation Channel South: Land of Mandapaka Srinivasa Rao West: Land of Mandapaka Srinivasa Rao North: Kalingala Irrigation Canal

Page 3 of 14 bund.

Item No. 04: Covered by Regd. Sale Deed Doc No.1691/2011 of Veeravasaram SRO, Owned by Sri Mandapaka Srinivasa Rao. West Godavari District, Veeravasaram Sub-Registrar’s office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area, Zirayat Converted Land in R.S. No.258/5, an extent of AC. 1- 02 out of it Northern side AC. 0-51 with customary rights of passages and water channels including easement rights etc. East: Irrigation Channel South: Land of Mandapaka Srinivasa Rao West: Land of Mandapaka Srinivasa Rao North: Land of Mandapaka Srinivasa Rao

Item No. 05: Covered by Regd. Sale Deed Doc.No.1691/2011 of Veeravasaram SRO, Owned by Sri Mandapaka Srinivasa Rao. West Godavari District, Veeravasaram Sub-Registrar’s office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area, Zirayat Converted Land in R.S. No.258/4, an extent of AC. 0- 98 out of it Northern side AC. 0-29 with customary rights of passages and water channels including easement rights etc. East: Irrigation Channel South: Land covered by R.S.No.258/4 West: Land of Mandapaka Srinivasa Rao North: Kalinga Irrigation Canal bund.

Item No. 06: Covered by Regd. Sale Deed Doc No.1634/2011 of Veeravasaram SRO, owned by Sri Mandapaka Srinivasa Rao. West Godavari District, Veeravasaram Sub-Register’s

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Office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area Zirayat Converted Land in R.S.No, 257/1, an extent of Ac.0- 86 Out of its Northern side Ac. 0- 20 with customary rights of passages and water channels including easement rights etc. East : Land of Bandi Pothu Raju South : Land of Dundi Chitti Babu West : Puntha Irrigation Channel North : Land of Gamidi Rambabu

Item No. 07: Covered by Regd. Sale Deed Do No.1633/2011 of Veeravasaram SRO, owned by Sri Mandapaka Srinivasa Rao West Godavari District, Veeravasaram Sub-Registrar’s office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area, Zirayat Converted Land in R.S. No.255/3B, an extent of Ac 0-32 with customary rights of passages and water channels including easement rights etc. East : Land of Gamidi Rambabu South : Land of Guduri Rama Rao West : Puntha Irrigation Channel North : Land of Pasila Venkateswara Rao

Item No 01 to 07 lands consisting of Ac 3.84 Cents in R.S No 257/1, 255/3B, 258/3 258/4, 258/5 at Veeravasaram village which were converted into Non-Agricultural Lands vide Proceedings No D. Dis 2738/2013(K) dated 09.11.2013 by Revenue Divisional Officer, Narasapuram along with easementary rights, water courses etc. Passage available through Kalinga Canal Bund 3 An extent of Ac 1.05 cents of 4,00,00,000/- 40,00,000/- Mandapaka vacant Converted Land in Srinivasa Rao, R.S.No.264/6 at Veeravasaram S/o Nageswara village & Panchayath area, Rao. Veeravasaram Mandal, West Godavari district. Covered by Regd Sale Deed Doc No.1244/2012 of Veeravasaram SRO, owned by Sri Mandapaka Srinivasa Rao.

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West Godavari District, Veeravasaram Sub-Register’s Office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area, Zirayat Converted Land in R.S.No 264/6, an extent of Ac.1- 05 Cents with customary rights of passages and water channels including easement rights etc.

East: Land of Thonta Satyanarayana South: Land of Thonta Satyanarayana West: Land of Mandapaka Rambabu. North: Kalingala Canal An extent of Ac. 1.05 cents of land in R.S. No 264/6 at Veeravasaram village which were converted into Non-Agricultural Lands vide Proceedings No D. Dis 315/2012 (K) dated 20.11.2012 by Revenue Divisional Officer, Narasapuram along with easementary rights, water courses etc. Passage is available through Kalingala Canal Bund. 4 An extent of Ac 1.04 cents of vacant 39,52,000/- 3,95,200/- Mandapaka converted land in R.S.No.264/4, Yathirajavalli, R.S.no.264/1D & 264/1C at W/o Rambabu. Veeravasaram village & Panchayath area, Veeravasaram Mandal, West Godavari district.

Item No 1: Covered by Regd. Sale Deed Doc No.1243/2012 of Veeravasaram SRO, owned by Smt. Mandapaka Yathirajavalli. West Godavari District, Veeravasaram Sub-Register’s Office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area, Zirayat Converted Land in R.S.No, 264/4, an extent of Ac.0- 56 Cents with customary rights of passages and water channels including easement rights etc.

East: Land of Thonta Satyanarayana South: Land of Gopa Venugopal etc. West: Land of Lingampalli Sanjeev Rao etc. North: Land Covered by 2nd item

Item No.2:

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Covered by Regd Sale Deed Doc.no.1243/2012 of Veeravasaram SRO, owned by Smt. Mandapaka Yathirajavalli. West Godavari District, Veeravasaram Sub-Registrar’s office limit, Veeravasaram Mandal, Veeravasaram Gram Panchayat and village area, Zirayat Converted Land in R.S. No.264/1D, AC. 0-34 out of it an extent of AC. 0-15 Cents in R.S. No. 264/1C, Ac 0-68 out of its Southern an extent of Ac 0-33 Cents, the total of the said items is Ac 0-48 with customary rights of passages and water channels including easement rights etc.

East : Land of Thonta Satyanarayana South : Land covered by 1st item West : Land of Mandapaka Rambabu North : Land of Mandapaka Rambabu

Item No. 01 & 02 lands consisting of Ac.1.04 cents in R.S No.264/4, 264/1C, 264/1D at Veeravasaram village which were converted into Non-Agricultural lands vide proceedings No. D.Dis 3158/2012 (K) dated 20-11-2012 by Revenue Divisional officer, Narasapuram along with easementary rights, water courses etc. Passage is available through Kalingala Canal Bund. 5 RCC building along with site to 68,40,000/- 6,84,000/- 1. Chinimilli an extent of 573 Sq yards situated Adilakshmi, in R S No 278/1, 263/2 near D No W/o Tata Rao. 18-2-12, Chinamamidipalli, 29th 2. Adabala Ward, Narasapuram Nagamani, W/o Municipality. Satyanarayana. 3. Palla A. In the name of Smt Adabala Varalakshmi, Nagamani W/o Satyanarayana: W/o Nageswara Item No.1: Rao. Covered by Regd. Sale Deed Doc. No.4285/2007 of Narasapuram SRO

West Godavari District, Narasapuram Sub-Division Narasapuram Mandal, 29th Ward, Chinamamidipalli area, Door No

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18-2-39A (as per document), Door No. 18-2-67/2 (as per tax receipt) R.S. No. 278/1, A/c 1-16, R.S.No 263/2, Ac.2-23 out of it 154 Sq. Yards of site and tin sheet roofed Bath Rooms and Latrines situated on the Western side of R.C.C Roof ground and first floor building within the following boundaries..

East: 2nd item Compound wall of Adabala Nagamani, 68’-00” South: Site belong to Reddy & Reddy Company, 16’-06” West: Irrigation Channel, 73’-00” North: Land of Pulipaka Chintamani, 23’-00”

Within the aforesaid boundaries site to an extent of 154 Sq. Yards and out of it 2/4th Undivided share of site to an extent of 77 Sq. Yards and also 2/4th undivided share in the Bath Rooms and Latrines.

Item No.2: Covered by Regd. Sale Deed Doc.No.4285/2007 of Narasapuram SRO.

West Godavari District, Narasapuram Sub-Division Narasapuram Mandal, 29th Ward, Chinamamidipalli area, Door No 18-2-39A (as per document), Door No.18-2-67/2 (as per tax receipt) R.S. No. 278/1,A/c1-16, R.S.No 263/2, Ac.2-23 out of it middle portion of the R.C.C Roof ground floor and the first floor building Western side portion comprising of 216 Sq. Yards of site with doors, door frames, RCC roof, Electrical service No.11562 and electrical fittings including easement rights etc. within the following boundaries

East: Joint wall situated between Palla Vara Lakshmi building portion and loan applicant’s building portion and site of Chinimilli Adilakshmi, 66’-00” South: Site belong to Reddy & Reddy Company, 28’-06” West: Joint site, tin sheet roofed

Page 8 of 14 shed covered by 1st item, 68’-00” applicant’s building portion and site of Adabala Nagamani, 66’-00 North: Land of Pulipaka Chintamani, 29’-06”

Total site of above two items is 293.00 Sq. Yards and Joint Passages etc.

B. In the name of Smt Chinamilli Adilakshmi W/o Venkata Tata Rao: Item No.1: Covered by Regd Sale Deed Doc No.4284/2007 of Narasapuram SRO West Godavari District, Narasapuram Sub-Division Narasapuram Mandal, 29th Ward, Chinamamidipalli area, Door No 18-2-39A (as per document), Door No.18-2-67/2 (as per tax receipt) R.S. No. 278/1,A/c1-16, R.S.No 263/2, Ac.2-23 out of it middle portion of the R.C.C Roof ground floor and the first floor building comprising of 38.50 sq. yards of site with doors, door frames, roof electrical service no.11563 and electrical fittings including easement rights etc. within the following boundaries: East : Compound Wall of A Naga Mani – 68’ 0” South: Site belongs to Reddy & Reddy Company, 16’ 06” West: Panta Bode – 73’ 0” North: Land of P Chintamani, 23’ 0”

Item No.2: Covered by Regd Sale Deed Doc No.4284/2007 of Narasapuram SRO West Godavari District, Narasapuram Sub-Division Narasapuram Mandal, 29th Ward, Chinamamidipalli area, Door No 18-2-39A (as per document), Door No.18-2-67/2 (as per tax receipt) R.S. No. 278/1,A/c1-16, R.S.No 263/2, Ac.2-23 out of it middle portion of the R.C.C Roof ground floor and the first floor building

Page 9 of 14 comprising of 125 sq. yards of site with doors, door frames, roof electrical service no.11563 and electrical fittings including easement rights etc. within the following boundaries: East : Site of Loan applicant, tin sheet roofed shed and joint passage, 58`-00`` South: Site belongs to Reddy & Reddy Company, 18`-00`` West: Joint wall situated between Palla Vara Lakshmi’s building portion and loan applicant`s building portion and site of Palla Varalakshmi, 65`-00 North: Land of P Chintamani, 18’ 06”

Total site of above two items is 163.50 sq. yards and joint passages etc.

C. In the name of Smt Palla Varalakshmi W/o Nageswara Rao: Item No.1: Covered by Regd. Sale Deed doc.No.4286/2007 of Narasapuram SRO West Godavari District, Narasapuram Sub-Division Narasapuram Mandal, 29thWard, Chinamamidipalli area, Door No 18-2-39A (as per document), Door No.18-2-67/2 (as per tax receipt) R.S. No. 278/1, Ac. 1-16, R.S.No 263/2, Ac.2-23 out of it 154 Sq. Yards of site and tin sheet roofed Bath Rooms and Latrines situated on the Western side of R.C.C Roof ground and first floor building within the following boundaries. East: Compound wall of Adabala Nagamani, 68’-00” South: Site belong to Reddy & Reddy Company, 16’-06” West : Irrigation Channel, 73’-00” North: Land of Pulipaka Chintamani, 23’-00” Within the aforesaid boundaries site to an extent of 154 Sq. Yards and out of it 1/4th undivided share of site to an extent of 38-5 Sq. Yards and also 1/4 undivided share in the

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Bath Rooms and Latrines.

Item No.2: Covered by Regd Sale Deed Doc No.4286/2007 of Narasapuram SRO West Godavari District, Narasapuram Sub-Division Narasapuram Mandal, 29th Ward, Chinamamidipalli area, Door No 18-2-39A (as per document) Door No.18-2-67/2 (as per tax receipt), R.S. No. 278/1, Ac.1-16, R.S.No 263/2, Ac.2-23 out of it middle portion of the R.C.C Roof ground floor and the first floor building comprising of 78Sq Yards of site with doors, door frames, roof electrical service No.11562 and electrical fittings including easement rights etc. within the following boundaries.

East: Joint wall situated between Chinimilli Adilakshmi’s building portion and loan applicant’s building portion and site of Chinimilli Adilakshmi, 65’-00” South: Site belong to Reddy & Reddy Company, 11’-00” West: Joint wall situated between Adabala Nagalakshmi building Portion and loan applicant’s building portion and site of Adabala Nagamani, 66’-00” North: Land of Pulipaka Chintamani, 11’-00” Total site of above two items is 116.50 Sq. Yards and Joint Passages etc.

An extent of 573 Sq. Yards within the above mentioned A, B and C items wherein RCC Building bearing Door No 18-2-12 with all easementary rights, Joint Passages, water courses etc.

Details of encumbrances over the property, as known to the Bank Nil Details of outstanding dues of Local Government (Property tax, water As decided by the sewerage, electricity bills, etc.,) known to the Authorized Officer concerned authorities The details regarding E Auction are mentioned below: Date and time of E – Auction On 25/06/2019 between 11:00 A.M. and 1:00 P.M. E Auction Website address https://syndicatebank.auctiontiger.net

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Last date for submission of bids 24/06/2019 Minimum Bid increment amount Rs.1,00,000/- Date and time of inspection of 21/06/2019 before 5:00 P.M. with prior appointment property for intending purchasers during Office hours Contact details & website address M/s e-Procurementof Technologies Limited (Auction tiger), B-704- service provider (Name/telephone 5, Wall Street-II, Opp: Orient Club, Near Gujarat Collge, no./email id/address) Ellisbridge, Ahmedabad,Contact person: Mr. Parthiv. Mob.919979543878, Contact Nos.079-40230810-811/812 , Toll Free No: 18001035342 – Whatsapp :919374519724 & Mr. Bhaskar (Hyderabad), Contact Mob.918341410158 –e- mail id: [email protected] , abcprocure@auctioner/net – support@auctiontiger –[email protected]

Terms and conditions 1. Sale is subject to the conditions prescribed in SARFAESI Act/Rules 2002 and the terms and conditions mentioned hereunder as also subject to conditions in the offer/bid documents to be submitted by the intending/participating bidders. 2. The sale process of above properties shall be conducted through e-auction only, on the said date i.e 25/06/2019 (Date) from 11:00 A.M. to 1:00 P.M. by the Bank’s e-auction service provider M/s e- Procurement Technologies Limited (Auction tiger), B704-705, Wall Street –II, Opp: Orient Club, Nr. Gujarat College, Ellisbridge, Ahmedabad. The service provider will also provide training on e-auction, if required, to those who will deposit EMD. 3. Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT/Fund Transfer to the credit of No.31183170000016, Syndicate Bank Stressed Assets Management Branch, Khairatabad, Hyderabad Branch, and IFSC Code: SYNB0003118 before submitting bids. EMD can also be paid by way of Pay Order/Demand Draft in favour of SyndicateBank Payable at Hyderabad. 4. Bids shall be submitted in the prescribed format with relevant details. For details please contact M/s e- Procurement Technologies Limited (Auction tiger), B-704-5, Wall Street-II, Opp: Orient Club, Near Gujarat Collge, Ellisbridge, Ahmedabad,Contact person: Mr. Parthiv. Mob.919979543878, Contact Nos.079-40230810-811/812 , Toll Free No: 18001035342 – Whatsapp :919374519724 & Mr. Bhaskar (Hyderabad), Contact Mob.918341410158 –e-mail id: [email protected] , abcprocure@auctioner/net – support@auctiontiger – [email protected] 5. The intending bidders should submit the duly filled in Bid form (format available in the above website) along with the DD/PO/quoting the UTR no. of NEFT/RTGS remittance towards EMD in a sealed cover addressed to the Authorised Officer at SyndicateBank, Stressed Asset Management Branch, #104, I Floor, Golden Edifice Complex, Khairatabad, Hyderabad - 500004, e-mail id: [email protected] or as to reach the same before 24/06/2019. The sealed cover should be super scribed with “Bid for participating in E-Auction Sale – in the A/c of M/s Venkatadri Spinning Mills Pvt. Ltd.” 6. On compliance with the above, the bidders shall be provided with the facility of online participation in the inter se auction bidding. Online bidding will take place at the Website of http://syndicatebank.auctiontiger.net and shall be subject to the terms and conditions mentioned herein as well as those given in the bid document. Further the sale shall be in accordance with the SARFAESI Act/Rules. 7. No person other than the intending bidder themselves, or their duly authorized agent shall be allowed to participate in the E Auction. 8. The intending participants of the e-Auction may download copies of sale notice, terms and conditions of e-auction, help manual on operational part of e-Auction and process compliance form related to this e- auction from the above mentioned website of service provider i.e. M/s e-Procurement Technologies (auction tiger), (Address of the service provider), For the purpose of participation in e-auction , the intending bidders must have a valid digital signature may procure it from any Registering Authority (Certificate by the government of India) issuing of such signature. 9. It is the sole responsibility of the bidder to obtain the said Digital Signature Certificate and computer terminal system with internet connection to enable him/her to participate in the bidding. Any issue with

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regard to Digital Signature Certificate and connectivity during the course of the bidding online shall be the sole responsibility of the bidder and no claim in this regard shall be entertained by the Bank or the e- auction Service Provider. 10. Bidders can bid for all or any one of the lots. 11. Bidders are required to comply with KYC norms and provide self attested KYC documents online as well as offline on or before 24/06/2019. The genuinity of the KYC documents is the sole responsibility of the bidder. 12. Offers that are not duly filled up or offers not accompanied by the EMD or offers received after the above date and time prescribed herein will not be considered/treated as valid offers, and accordingly shall be rejected. 13. After expiry of the last date of submission of bids with EMD, Authorised officer shall examine the bids received by him and confirm the details of the qualified bidders (who have quoted their bids on and above the reserve price and paid the stipulated EMD with the Bank along with other factors like valid KYC etc) to the service provider M/s e-Procurement Technologies Limited (ABC Procures) to enable them to allow only those bidders to participate in the online inter se bidding/auction proceedings at the date and time mentioned in E – Auction Sale notice. 14. Inter se bidding among the qualified bidders shall start from the highest bid quoted by the qualified bidders and bidders can bid in multiples of Rs.50000/- (Depending on the value of the property) 15. Auction will be scheduled for an initial period of 60 minutes followed by unlimited extension of 5 minutes each viz. the auction will run for 60 minutes first and in case there is a valid bid received within last 5 minutes, the auction will get extended for another 5 minutes. The process will continue until there are no valid bids during last 5 minutes. 16. In no eventuality the property would be sold below the Reserve Price. 17. The property shall be sold to highest bidder, subject to acceptance of the bid by the secured creditor. 18. The successful applicant declared through the process of e-auction shall deposit 25% of the purchase amount (inclusive of EMD), immediately on closure of the e-auction sale proceedings through the mode of payment mentioned in Clause (3). The successful bidder is advised to note the business hours of the Bank to avoid technical issues/default. 19. The balance amount of the purchase money shall be paid to the Authorized Officer of the Bank on or before 15th day from the date of e-Auction or such extended period as agreed upon in writing by the Authorized Officer. In case of any default of respective payment within the stipulated period, the sale will automatically stand revoked and the entire deposit made by the bidder together with the earnest money shall be forfeited without any notice and the property shall be resold. The defaulting bidder shall not have any recourse/claim against the Bank/Authorised Officer. 20. The EMD of the unsuccessful bidders will be returned on the closure of the e-auction sale proceedings. 21. The successful bidder shall bear the stamp duties, charges including those of sale certificate, registration charges, all statutory dues payable to government, taxes and rates and outgoings, both existing and future relating to the properties. 22. The sale certificate will be issued in the name of the successful bidder only and for the successful bid amount as sale consideration, after payment of the entire successful bid amount/closing bid amount and other charges if any. 23. The defaulting purchaser/bidder shall forfeit all claims to the property or to any part of the sum for which it may be subsequently sold. 24. The property is sold in “AS IS WHEREIS, WHAT IS THERE IS AND WITHOUT ANY RECOURSE BASIS” in all respects and subject to statutory dues if any. The intending bidders should make discrete enquiry as regards any claim, charges/encumbrances on the properties, of any authority, besides the Bank’s charges and should satisfy themselves about the title, extent, quality and quantity of the property before submitting their bid. For any discrepancy in the property the participating bidder is solely responsible for all future recourses from the date of submission of bid. 25. No claim of whatsoever nature regarding the property put for sale, charges/encumbrances over the property or on any other matter etc will be entertained after submission of the bid/confirmation of sale. 26. The Authorized Officer/Bank will not be responsible for any charge, lien, encumbrance, property tax Page 13 of 14

dues, electricity dues etc or any other dues to the Government, local authority or anybody, in respect of the property under sale. 27. Prospective bidders are advised to peruse the copies of title deed, if any available with the bank and also carry out their own inquires to satisfy themselves regarding title to the property, marketability, right, interest, encumbrances, dues if any, over the property. 28. The Authorized Officer has the absolute right and discretion to accept or reject any bid or adjourn/postpone/cancel the sale or add/delete/change any of the terms and conditions of this sale at any time without prior notice to the owner, bidder, public etc and without assigning any reason. 29. The e-Auction sale is subject to the confirmation by the Secured Creditor/Bank. If the borrower/guarantor pays the amount due to the Bank in full before date of sale, no sale will be conducted. The successful bidder shall not have claim in this regard and cancellation of the sale/auction is at the discretion of the Bank/Authorised Officer. 30. SyndicateBank has appointed M/s e-Procurement Technologies Pvt Ltd (Auction tiger) as a service provider who will assist the undersigned in conducting the auction. 31. Prospective bidders may avail online training on e-Auction from M/s e-Procurement Technologies (Auction tiger), B 704-705, Wall street –II, Opp: Orient club, Nr. Gujarat College, Ellisbridge, Ahmedabad, Contanct Peron: Mr. Sudir Kumar , E auction tiger, Mob. 8160935491, Contact No: 079- 40230810-811/812 Toll free No:18001035342-Whats App: 91 9374519724 & Mr. Bhaskar (Hyderabad) Contact Mob. 91841410158 – e-mail id:[email protected] – abcprocure@auctiontiger/net- support@auctiontiger –[email protected] 32. The intending purchasers can inspect the property with prior appointment at his/her expenses on the time and date mentioned above. For inspection of the properties please contact our Authorised Officer,Stressed Asset Management Branch, F-104,1st floor, Golden Edifice Complex,Khairathabad – Ph: 040-23322157 33. The particulars specified in the Description of property have been stated to the best of information of the Bank and the Bank will not be responsible for any error, misstatement or omission. 34. For further details contact the Authorised Officer at SyndicateBank, Stressed Asset Management Branch, #104, I Floor, Golden Edifice Complex, Khairatabad, Hyderabad - 500004, e-mail id: [email protected] Tel:040 -23322157 (040) (Address and phone number of Branch) 9491011263- phone number of Branch Head).

35. IMPORTANT INSTRUCTIONS Bidding in the final minutes and seconds should be avoided in the bidders own interest. Neither Syndicate Bank nor Service Provider will be responsible for any failure/lapse (Power failure, Internet failure etc.) on the part of the vendor. In order to prevent such contingent situation bidders are requested to make all the necessary arrangements/alternatives such as backup power supply etc required so that they are able to prevent such situation and continue to participate in the auction successfully. As per the new inter-operability guidelines released by the Controller of Certifying Authorities (CCA), the Secured Socket Layer (SSL) certificate for a e- procurement application is generated on a new algorithm, SHA2. Also, the Digital Certificate that will be applicable for these platforms have to be SHA2 algorithm compliant. For the same, the users have to ensure that they have Windows XP (SP3)/Windows Vista/Windows 7 installed in their respective PC/Laptop. In case of Windows XP service pack-3, if you get any issue you can install the SSL patch, which is available at our download section of our e-Auction Portal just below the label of …………………………………… This is also a notice to the borrower/guarantor of the above said loan about holding of this sale on the above mentioned date if their outstanding dues are not repaid in full.

Authorized officer SyndicateBank Place: Hyderabad SAM Branch Date: 10/05/2019 Hyderabad

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