SALE CUM E - AUCTION NOTICE UNDER SARFAESI ACT, 2002

Whereas Central Bank of through its Authorized Officer has issued Demand Notice under Section 13(2) and Possession Notices under Section 13(4) of the SARFAESI Act on the following mentioned dates and for the amount mentioned against the account, for recovery of dues to the bank thereon to the following borrower and guarantor and they have failed to pay the amount. Now, the undersigned propose to sell the following mortgaged property in the said account by e-auction under Sub Section (4) and (12) of Section 13 of SARFAESI Act and Rules 8 and 9 of Security Interest (Enforcement) Rules, 2002 in as is where is condition and without recourse.

PROPERTY DETAILS

Sl. Name of the Account/ Details of Mortgaged Properties SARFAESI E-Auction No Borrower/ Guarantor/ Notices Details & Details Mortgagor Total Dues 1 Borrower/s SCHEDULE OF PROPERTY Demand Notice Reserve Price: To All that land measuring an extent of Non- issued on Rs.2,91,29,500/- 1)M/S A S ENGINEERING Agriculture property Ac.3.66 cents or 24.10.2018 for an AND EQUIPMENTS 17714.40 sq.yards (as per proceedings order amount of EMD : S.NO.48/18 TO 48/26 No.D.Dis.No.2875/10, Dyso dt.01.12.2010 of Rs.3,47,06,704/- Rs.29,12,950/- NearAPIIC, the Revenue Divisional Officer, Srikakulam) (Rupees Three Devunipalavalasa Village, along with the sheds and RCC Roofed office Crores forty Auction Date & Pydibhimavaram, building, covered by Survey No.48/18 to seven lakhs six Time : Ranasthalam Mandal, thousand seven 29.06.2019 48/26, Near APIIC, Devunipalavalasa Village, Srikakulam Dist 532409 hundred four 11.00 AM Ranasthalam mandal, Srikakulam District, only) due as on 2)M/S A S ENGINEERING Ranasthalam Sub-Registry, Srikakulam 24.10.2018 Bid Increment AND EQUIPMENTS District. Amount : D.No.30-8-42/B, 2nd Floor Details of the property: Possession Notice Rs.25,000/- Bhanu Street, 1 48/26 Ac.1.52 cents 13(4) issued7356.80 on - 2 48/24 Ac.0.42 cents 29.01.20192032.80 530020 3 48/18 Ac.0.15 cents 726.00 4 48/19 Ac.0.27 cents A/c No.1306.80 3) Smt Madala Anitha 5 48/20 Ac. 0.42 cents 34498507182032.80 W/o Mr Girish Kottapalli 6 48/21 Ac. 0.31 cents 34244751991500.40 Partner, 7 48/22 Ac. 0.21 cents 36716264541016.40 M/S A S ENGINEERING 8 48/23 Ac. 0.20 cents 968.00 AND EQUIPMENTS Rs.3,79,29,537/- E 101, Palace Heights 9 48/25 Ac. 0.16 cents as on 27.05.2019774.40 Sivaji Nagar TOTAL Ac. 3.66 cents and interest17714.40 and Near NH-5 Tol Plaza Boundaries of 1st item to an extent of charges thereon. Vadlapudi, Ac.1.52 cents or 7356.80 sq.yards Visakhapatnam East Property belongs to Pilla Krishna murthy 4) Smt Narne Sridevi patrudu W/o Mr N Madhusudhana South Land belongs to Rao, Partner, Mukku M/S A S ENGINEERING Suryanarayana AND EQUIPMENTS West Land belongs to D.No.10-259/1,Flat o.402, Manthri Residency, Muddada Tavitayya North Land belongs to VISAKHAPATNAM- Muddada Ramulu 530 043 and others Boundaries for item No.2 to 9 not mentioned as the full extent. 1

GUARANTORS:

1.Mr N Madhusudhana Rao, S/o Narne Venkateswarlu D.No.10-259/1 Flat No.402, Manthri Residency Visalakshi Nagar VISAKHAPATNAM- 530 043

2. Mr Girish Kottapalli S/o Mallikarjuna Rao E 101, Palace Heights Sivaji Nagar Near NH-5 Tol Plaza Vadlapudi, Kurmannapalem Visakhapatnam .

Mode of Payment :By RTGS/NEFT /Funds transfer to the credit of A/c No. 3663214871 Name of Account : Bank -E Auction, IFSC Code : CBIN0280824. Please note that the cheques / demand draft shall not be accepted as EMD amount. Last date for submission of EMD for all items of properties is 28.06.2019, 4 PM. Properties can be inspected by the prospective bidders on any working day upto 28.06.2019 Sale will be conducted by the Authorised Officer through e-auction platform provided at web portal https://centralbank.auctiontiger.net. The end time of e-auction will be extended by 5 minutes each time if bid is made within the last five minutes before closure of auction.

TERMS AND CONDITIONS OF SALE

1. The e-Auction is being held on “AS IS WHERE IS” and “AS IS WHAT IS BASIS” and “NO COMPLAINT” condition.

2. Bidders are advised to go through the website https://centralbank.auctiontiger.net for detailed terms and conditions of auction sale, auction application form, procedure for submitting bids, things to be done before submitting their Bids for taking part in the e-auction sale proceedings and things to be done after sale proceedings.

3. Prospective bidders are advised to obtain user id and password which are mandatory for bidding in the above e –auction from e-procurement Technologies Limited, A-201/208 Wall Street II, Opp Orient Club, Nearby Gujarat College, Ellis bridge, Ahemedabad 380006, Phone No.91-079-40230816/17/819 E mail [email protected]. Passwords will be allotted only to those bidders who fulfill all the terms and conditions of e-auction and have deposited the requisite EMD. The interested bidders who require assistance in creating Login ID & Password, uploading data, submitting bid, training on e-bidding process etc., may contact M/s. E-Procurement Technologies Ltd. Help Line No.079- 40230813/814/815/816/817/818/819 Help Line [email protected] or 8008617666.

4. . The above mentioned borrowers and guarantors are hereby called upon to pay the outstanding dues, with contractual rate of interest and the incidental costs and charges within 15 days from the date of publication of this notice failing which, the sale will be conducted as notified herein and the balance if any, will be recovered with interest and costs.

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Note: The intending bidders may contact Chief Manager, Visakhapatnam Branch, on Mobile No +91-6304906653 Ph No. 0891-2563595, Mail Id :[email protected], and Chief Manager, Recovery Dept. Regional Office, Vijayawada on Mobile No.+91-6304906605, Land line - 0866-2470096 for ascertaining the details of the properties, for Inspection of the properties and for any other queries.

Date : 27.05.2019 Place : VISAKHAPATNAM AUTHORISED OFFICER CENTRAL BANK OF INDIA

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DETAILED TERMS & CONDITIONS

The E-Auction is being held on “AS IS WHERE IS” and AS IS WHAT IS BASIS”.

1. To the best of knowledge and information of the authorised officer, there is no encumbrance on property. However the intending bidders should make their own independent inquiries regarding the encumbrance, title of property put on auction and claims/rights/dues/affecting the property prior to submitting their bid. The E-Auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation of the bank. The property is being sold with all the existing and future encumbrance whether known or unknown to the Bank. The Authorised Officer / Secured creditor shall not be responsible in any way for any third party claims/rights/dues.

2. It shall be the responsibility of the bidders to inspect and satisfy themselves about the asset and specification before submitting the bid.

3. The interested bidders shall submit their EMD through Web Portal https://centralbank.auctiontiger.net (The User Id and password can be obtained free of cost by registering name with https://centralbank.auctiontiger.net) through login ID & password. The EMD 10%of Reserve price shall be payable through NEFT/RTGS in the following A/c No. 3663214871, Name of Account : Bank -E Auction, IFSC Code : CBIN0280824. Please note that the cheques / demand draft shall not be accepted as EMD amount.

4. After Registration by the bidder in the Web Portal, the intending bidder/purchaser is required to get the copies of the documents uploaded in the Web Portal before last date of submission of the bid viz i) copy of the NEFT/RTGS Challan ii) Copy of Pan Card iii) Proof of identification (KYC) viz. self attested copy of voter ID card / Driving License / Passport iv) copy of proof of address, without which the bid is liable to be rejected. Uploading scanned copy of annexure – ii & iii mentioned in the Tender Notice after duly filled up & signing.

5. The interested bidders who require assistance in creating Login ID & Password. Uploading data, submitting bid, training on e-bidding process etc., may contact e-procurement Technologies Limited, A-201/208 Wall Street II, Opp Orient Club, Nearby Gujarat College, Ellis bridge, Ahemedabad 380006 by contacting on helpline No.91-079- 40230816/17/819 and e-mail id [email protected] & [email protected] and Visakhapatnam Branch, Visakhapatnam e-mail ID [email protected] Contact No 0891-2563595, +91-6304906653 during office hours on all working days.

6. The bidders are advised to go through the detailed terms & conditions of E-auction notice available on the Web Portal at https://centralbank.auctiontiger.net before submitting their bids and taking part in the E-auction.

7. The property will not be sold below reserve price.

8. The interested bidders who have submitted their bid not below the Reserve Price through onlinemode as specified in the sale notice shall be eligible for participating the e-bidding process. The e-Auction of above properties would be conducted exactly on the scheduled Date & Time as mentioned above by way of inter-se bidding amongst the bidders. The bidder shall improve their offer in multiple of the amount mentioned under the column “Bid Increment Amount”. In case bid is placed in the last 5 minutes of the closing time of the e-Auction, the closing time will automatically get extended for 5 minutes (subject to maximum of Unlimited extensions of 5 minutes each). The bidder who submits the highest bid amount (not below the Reserve Price) on closure of e-Auction process shall be declared as Successful Bidder and a communication to that effect will be issued which shall be subject to approval by the Authorised Officer/Secured Creditor.

9. The successful bidder should deposit 25% of the bid amount (which includes EMD already deposited) immediately on the same day declaring him as successful bidder and balance 75% of bid amount within 15 days from date of confirmation of sale by the secured creditor.

10. Sale is subject to confirmation by secured creditor i.e Central Bank of India, Regional Office, Vijayawada.

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11. In case sale is not confirmed or set aside on any ground whatsoever the purchaser shall be entitled for refund of his deposit or earnest money as the case may be WITHOUT INTEREST and shall not be entitled for any cost charges and expenses or any compensation or damages whatsoever.

12. In default of payment of 25% of bid amount on the same day of auction and balance bid amount within stipulated period the EMD and amount paid will be forfeited and property shall be resold and the defaulting bidder shall forfeit all claims to the property.

13. The successful bidder should bear arrears of statutory dues if any against the property such as property tax, water bill, electricity bill etc, and also should bear stamp duty registration fee etc. as per law of conveyance of the property.

14. Authorised Officer / Secured Creditor is not bound to accept the highest offer or any or all offers and reserves the right to accept or reject the bid or postpone / cancel the auction without assigning any reason and modify terms of sale without any prior notice.

15. The prospective qualified bidders may avail online training on e-Auction from M/s. E-Procurement TechnologiesLtd. Help Line No.079-40230813/814/815/816/817/818/819 Help Line [email protected] or 800861766. , prior to the date of e-Auction. Neither the Authorized Officer/ Bank nor M/s. E-Procurement TechnologiesLtd. Help Line , shall be liable for any Internet Network problem and the interested bidders to ensure that they are technically well equipped for participating in the e-Auction event.

16. The above mentioned borrower(s) and guarantor(s) are hereby called upon to pay the outstanding dues as mentioned above with contractual rate of interest and the incidental costs and charges within 15 days from the date of publication of this notice failing which, the sale will be conducted as notified herein and the balance if any, will be recovered with interest and costs.

Note: The intending bidders may contact Chief Manager, Visakhapatnam Branch, on Mobile No +91-6304906653, Ph No. 0891-2563595, Mail Id :[email protected], and Chief Manager, Recovery Dept. Regional Office, Vijayawada on Mobile No.+91-6304906605 , Land line - 0866-2470096 for ascertaining the details of the properties, for Inspection of the properties and for any other queries. Details of the Terms & Conditions of Sale and EMD Form can also be viewed and Downloaded at website https://centralbank.auctiontiger.net

Date: 27.05.2019 Place: Visakhapatnam AUTHORISED OFFICER CENTRAL BANK OF INDIA.

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