Indian Overseas Bank Raj Bhavan Road Branch Phone: 040-23421528/ 23421529 R V’s Kamala Castle, 1st Floor e-mail:
[email protected] # 6-3-899/1, Opp Shanti Shikara Aptts Date : 15.07.2017 Raj Bhavan Road, Somajiguda Hyderabad 500 082 Ref No. IOB/RBR/ /1180/2017-18 _____________________________________________________________________________________ e-AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002. Whereas M/s. Samhitha Projects Pvt. Ltd, Plot No.17 &18, Essel Classic B-302, Phase 1 & 2, KPHB, Kukatpally, Hyderabad, Telengana has borrowed monies from Indian Overseas Bank against the mortgage of the immovable properties more fully described in the schedule hereunder and the Bank has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 (Act) on 08.12.2015 calling upon the borrower M/s Samhitha Projects Pvt. Ltd. and guarantors 1) Mr. Talluri Ramesh Babu, 2) Mr. J. Uma Shankar, 3) Mrs. Gadde Anitha, 4) Mr. G. Ajay Babu, 5) Mr. V. Ashok Chakravarthy, 6) S Sree Rama Chandra Murthy and 7) Pennam Sudhakar to pay the amount due to the Bank, being Rs.3,19,49,351/- plus interest from 08.12.2015, costs and expenses within 60 days from the date of the said notice. Whereas the borrowers & guarantors having failed to pay the amount dues in full to the Bank as called for in the said demand notice, the Bank has taken possession of the secured assets more fully described in the schedule hereunder on 08.03.2016 under Section 13 (4) of the Act with the right to sell the same in “As is where is” and “As is what is” basis under Section13(4) of the Act read with Rules 8 & 9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank’s dues.