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Karnataka Bank Ltd. Your Family Bank

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Karnataka Bank Ltd. Your Family Bank Karnataka Bank Ltd. Your Family Bank. Across India. ARMB: Hubballi Phone : 0836-2356794 M:99803 83366 CTS 122/108 P.B. No.499 Karnataka Bank Building, E-Mail [email protected] 3rd floor, New Cotton Market Hubli-580029. Website :www.karnatakabank.com CIN :L85110KA1924PLC001128 PUBLIC NOTICE OF SALE Notice to the public is hereby given to the effect that the immovable property described herein which has been taken Symbolic possession thereof by the Authorized Officer on 20.07.2017 in pursuance of Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 will be sold by inviting tenders/offers from the public on the date, place and time mentioned in this notice on “as is where is condition” and on the terms and conditions mentioned below. Tenders/Offers in sealed covers are invited from the public for the purchase of the immovable property more fully described below. This notice shall also be considered as notice to the borrowers/guarantors under sub - rule (6) of the Rule (8) of the Security Interest (Enforcement) Rules 2002 and also Sec 13(8) of the SARFAESI Act, wherein the time for redemption of mortgage is available only upto the date of Publication of this notice for Public auction for inviting tenders. (A)Name & Address of the Borrower/Co-obligants /Guarantors 1. M/s SVB Borewells, 2. Mr. Veerabasappa Naregal Proprietor Mr.Veerabasappa Naregal, S/o Mr. Veeranna V Naregal, MB No. 9/7/680/913, No. 4-386, Irakalgada Post, Kantwesa Swami Nilaya, Koppal District-583 237. Mahantaiah Mutt Road, Opp: BTP, B T Pail Nagar, 3. Mr. Gopal Koppal Taluk and District-583 231. S/o Mr. Veeranna V Naregal, Irakalgada Post, Koppal District-583 237. (B) Description of immovable Secured Assets: Reserve Price EMD Item No.1) All that part and parcel of non agriculture land Rs.10,00,000/- Rs.1,00,000/- bearing Vacant plot No.49 measuring 1200 sq.ft. CMC No.9-7- 680/1314, Situated at Sy.No.181/2/B, towards eastern side in between DC office and KEB Road, in Divatar Layout, Koppal belonging to Mr.Veerabasappa Naregal. East: By Plot No.56, West : By:30 feet Road, North : ByPlot No.48, South : By Plot No.50. Item No.2) All that part and parcel of non agriculture land Rs.10,00,000/- Rs.1,00,000/- bearing Vacant plot No.50 measuring 1200 sq.ft. CMC No.9-7- 680/1315, Situated at Sy.No.181/2/B, towards eastern side in between DC office and KEB Road, in Divatar Layout, Koppal belonging to Mr.Veerabasappa Naregal . East: By Plot No.55, West : By 30 feet Road, North : By Plot No.49, South : By Plot No.51. Karnataka Bank Ltd. Your Family Bank. Across India. Item 3) All that part and parcel of Vacant plot No.27 measuring Rs.6,80,000/- Rs.68,000/- 1350 sq.ft. bearing CMC No.7-1-12/27/A, Situated at Sy.No.238, towards southern side in between DC office and KEB Road, in Bommanal Layout, Koppal belonging to Mr. Veerabasappa Naregal. East: By 20 feet Road, West : By Plot No.34, North : By Plot No.28, South : By 16 feet Road. Item 4) All that part and parcel of Vacant plot No.28 measuring Rs.6,80,000/- Rs.68,000/- 1350 sq.ft. bearing CMC No.7-1-12/28/A, Situated at Sy.No.238, towards southern side in between DC office and KEB Road, in Bommanal Layout, Koppal belonging to Mr. Veerabasappa Naregal. East: By 20 feet Road, West : By Plot No.33, North : By Plot No.29, South : By Plot No.27. Item 5) All that part and parcel of non agriculture land bearing Rs.3,00,000/- Rs.30,000/- Vacant plot No.647 measuring 1271 sq.ft., Situated at Sy.No.71/B & 73/A2 of Aladahalli Village & Panchayath, Ballari Taluk & District belonging to Mr. Veerabasappa Naregal. East: By 9.0 Meter wide Road, West : By Plot No.636, North : By Plot No.646, South : By Plot No 648. Item 6) All that part and parcel of vacant plot bearing Site Rs.3,20,000/- Rs.32,000/- No.23 measuring 1200 sq.ft., Situated at Panchayath No. 269, Sy.No.115/2, 115/3, 115/4, 115/6 of Kidadala Village Ginigere GP, Koppal Taluk & District belonging to Mr. Veerabasappa Naregal. Item 7) All that part and parcel of vacant plot bearing Site No. Rs.3,20,000/- Rs.32,000/- 24 measuring 1200 sq.ft., Situated at Panchayath No. 270 Sy.No.115/2, 115/3, 115/4, 115/6 of Kidadala Village Ginigere GP, Koppal Taluk & District belonging to Mr. Veerabasappa Naregal. Item 8) All that part and parcel of vacant plot bearing Site No. Rs.3,20,000/- Rs.32,000/- 25 measuring 1200 sq.ft., Situated at Panchayath No.271 Sy.No.115/2, 115/3, 115/4, 115/6 of Kidadala Village Ginigere GP, Koppal Taluk & District belonging to Mr. Veerabasappa Naregal. Boundaries for Item No.6, 7 and 8 . East: Plot No.32,33 and 34, West : By 9.0 meter road, North : By Plot No.22, South : By Plot Nos.26. Karnataka Bank Ltd. Your Family Bank. Across India. Item 9) All that part and parcel of vacant plot bearing Site No. Rs.3,20,000/- Rs.32,000/- 32 measuring 1200 sq.ft., Situated at Panchayath No. 278, Sy.No.115/2, 115/3, 115/4, 115/6 of Kidadala Village Ginigere GP, Koppal Taluk & District belonging to Mr. Veerabasappa Naregal. Item 10) All that part and parcel of vacant plot bearing Site Rs.3,20,000/- Rs.32,000/- No.33 measuring 1200 sq.ft., Situated at Panchayath No. 279 Sy.No.115/2, 115/3, 115/4, 115/6 of Kidadala Village Ginigere GP, Koppal Taluk & District belonging to Mr. Veerabasappa Naregal. Item 11) All that part and parcel of vacant plot bearing Site Rs.3,20,000/- Rs.32,000/- No.34 measuring 1200 sq.ft., Situated at Panchayath No. 280, Sy.No.115/2, 115/3, 115/4, 115/6 of Kidadala Village Ginigere GP, Koppal Taluk & District belonging to Mr. Veerabasappa Naregal. Boundaries for Item No.9,10 and 11. East: By 9.0 meter road, West: By Plot No.23,24 and 25, North : By Plot No.31, South : By Plot No.35. [[C] Details of Secured Debt: The secured debt for Recovery of which the property is to be sold: Rs. 1,41,85,806.50 (Rupees One Crore Forty One Lakhs Eighty Five Thousand Eight Hundred Six and Paise Fifty Only) as per the balance outstanding in the account/system as on the date of this notice and future interest from 01.03.2019 and other charges. (D) Reserve price/upset price below which the property may not be sold for Rs.55,80,000/- (Rupees Fifty Five Lakhs Eighty Thousand Only) (E) Earnest money to be Deposited (EMD) Rs.5,58,000/- (Rupees Five Lakhs Fifty Eight Thousand Only) (F)Address of the Secured Creditor Karnataka Bank Ltd, Gangavathi Branch, 1st floor, Devasiri Complex, L.G.Road, Gangavathi -583227 District Koppal. (G) Date, time and place of opening of offers received from public on 03.05.2019 at 11:30 AM at Karnataka Bank Ltd, Koppal Branch, near Ashok Circle, Kinnal Road, Koppal – 583 231. Terms & Conditions of Sales 1.Tenders in Sealed covers addressed to the Authorised Officer should be accompanied with Earnest Money Deposit (EMD) Rs.5,58,000/- (Rupees Five Lakhs Fifty Eight Thousand Only) for Purchase residential properties with building constructed thereon bearing item no.1 to 11 Shown above belonging to Mr.Veerabasappa Naregal, and by way of Demand Draft/ Pay Order favoring “Karnataka Bank Limited - A/c of m/s SVB Borewells” and the same may be submitted to the Authorised Officer, Karnataka Bank Ltd, Koppal Branch, near Ashok Circle, Kinnal Road, Koppal – 583 231. by 26/04/2019 before 4:00 PM. Karnataka Bank Ltd. Your Family Bank. Across India. 2. The tenders should also be accompanied with the self attested or countersigned copy of photo identity proof such as Passport, Election Commission Card, Driving License, PAN card issued by Income Tax Department, Aadhar Card or any such other valid photo identity proof as may be acceptable to the Bank. 3. The Sealed covers containing the offer should be superscribed as “TENDER FOR PURCHASE OF RESIDENTIAL PROPERTIES” bearing property Nos. 1 and 11 shown above belonging to, Mr.Veerabasappa Naregal. 4. The tenders received without EMD will be summarily rejected. 5. The DD/PO for EMD will not be en-cashed/realized till the date of auction and returned to unsuccessful tenderers. The EMD amount will not carry any interest. The DD`s of unsuccessful bidders will be returned to them on the date of auction itself. 6. The Sealed tenderers for sale will be opened by the Authorised Officer of the Bank in the presence of the tenderers who will be present on 03/05/2019 at 11:30 AM. The Authorised Officer at his discretion may allow the tenders(s) to bid inter-se and or/to enhance the bid amount in multiples of his choice once the bids are opened. 7. The minimum bid call amount shall be in multiples of Rs.10,000/-. 8. Successful tenderer/bidders should deposit 25% of the bid amount (including the (EMD) immediately on the sale being knocked down in his/her favour by way of DD failing which the EMD amount will be forfeited.
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