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08812-277374 इण्डियन ओवरसीज़ बैंक Indian Overseas Bank

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08812-277374 इण्डियन ओवरसीज़ बैंक Indian Overseas Bank फोन Phone : 0891-2567546 : 08812-277374 इण्डियन ओवरसीज़ बℂक Indian Overseas Bank ई-मेल E-Mail: [email protected] आण्ति वसूली प्रबंधन शाखा, #48-14-111, श्री ननत्या का륍पलै啍स, ववशाखप絍टणम - 530013 Asset Recovery Management Branch, #48-14-111, Sri Nitya Complex, Visakhapatnam – 530013 ए.आर.एम.बी ARMB/ /2019-20 दिनांक Date: 10.10.2019 ANNEXURE I SALE NOTICE OF IMMOVABLE SECURED ASSETS (Issued under Rule 8(6) / 9(1) of the Security Interest (Enforcement) Rules2002) To 1. M/s Saketh Industries, Rep by its Proprietor Mr. Udaragondi Chandra Mouli , Plot No. 24, Industrial Estate, Eluru Mandal, West Godavari District .…… Borrower 2. Mr Udaragondi Chandra Mouli S/O Venkanna, 3-23, II Block, Palagudem post Malkapuram, Eluru Mandal, West Godavari District .…… Borrower/ Mortgagor 3. Mr Kati Venkata Ramana S/O Mahalakshmudu, Lingaraogudem, Jaladi Post, Eluru Mandal, West Godavari District .…… Guarantor 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 26.10.2016 issued to you regarding taking possession of the secured assets at more fully described in the schedule below and the publication of the said possession notice in Eenadu and Indian Express on 29.10.2016 by the undersigned for the purpose of realization of the secured assets 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 / mortgagors / guarantors have failed to pay the dues in full save and except payments amounting to Rs.4,35,000/- (Rupees Four Lakhs Thirty Five Thousand Only) after issuance of demand notice dated 21.05.2016. Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as is what 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 10.10.2019 are Rs.77,99,176/- (Rupees Seventy Seven Lakhs Ninety Nine thousand and One Hundred Seventy Six Only) along with further interest at contractual rates and rests, besides costs + 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 30.10.2019 between 11.00 A.M to 12.00 Noon. with auto extension of 5 minutes through E–auction using (https://iob.auctiontiger.net). 6. A copy of the E-auction notice inviting offers for e-auction setting out the terms & conditions of sale such as particulars of the secured asset, the dues of the Bank, reserve price, earnest money deposit, date and time fixed for inspection, last date for submission of offers and date, time of sale etc is enclosed for your ready information. Please also be advised that the said sale notice will also be published in two news papers shortly of which one is in vernacular. A copy of the proposed paper publication is also enclosed. DESCRIPTION OF IMMOVABLE PROPERTY (Property Owned By Sri Udaragondi Chandra Mouli S/o Sri Venkanna) (Property Covered By Document No.10851/2004, Dated.08.12.2004) All the piece and parcel of the site in an extent of 476 sq yards at RS No. 175 part along with building constructed there on plot no. 24, ne0arby D No. 11/1321, Saketh Industries, Industrial Estate, Vatluru, Pedapadu Mandal, west Godavari District. Boundaries: East: 40’ wide road South: Plot No. 25 West: Plot No. 23 North: 40’ wide road Yours faithfully, Authorized Officer फोन Phone : 0891-2567546 : 08812-277374 इण्डियन ओवरसीज़ बℂक Indian Overseas Bank ई-मेल E-Mail : [email protected] आण्ति वसूली प्रबंधन शाखा, #48-14-111, श्री ननत्या का륍पलै啍स, ववशाखप絍टणम - 530013 Asset Recovery Management Branch, #48-14-111, Sri Nitya Complex, Visakhapatnam – 530013 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 physical possession of which has been taken by the Authorized Officer of Indian Overseas Bank as Secured Creditor, will be sold on ‘’ As is Where is’’, ‘’ As is what is’’ and ‘’Whatever there is’’ condition on 30.10.2019 for recovery of Rs.77,99,176/- (Rupees Seventy Seven Lakhs Ninety Nine thousand and One Hundred Seventy Six Only) as on 10.10.2019 due to the Indian Overseas Bank as Secured creditor from 1. M/s Saketh Industries, Proprietor Mr. Udaragondi Chandra Mouli, Plot No. 24, Industrial Estate, Eluru Mandal, West Godavari Dist. (Borrower) 2. Mr. Udaragondi Chandra Mouli, S/o Venkanna, 3-23, II Block, Palagudem Post, Malkapuram, Eluru Mandal, West Godavari Dist. (Borrower/ Mortgagor), 3. Mr. Kati Venkat Ramana, S/o Mahalakshmudu, Lingaraogudem, Jaladi Post, Eluru mandal, West Godavari Dist. (Guarantor). The reserve price will be Rs. 36,88,000/- and the earnest money deposit will be Rs. 3,68,800/-. DESCRIPTION OF IMMOVABLE PROPERTY (Property Owned By Sri Udaragondi ChandraMouli S/o Sri Venkanna) (Property Covered By Document No.10851/2004, Dated.08.12.2004) All the piece and parcel of the site in an extent of 476 sq yards at RS No. 175 part along with building constructed there on plot no. 24, ne0arby D No. 11/1321, Saketh Industries, Industrial Estate, Vatluru, Pedapadu Mandal, west Godavari District. Boundaries: East: 40’ wide road South: Plot No. 25 West: Plot No. 23 North: 40’ wide road For detailed terms and conditions of the sale, please refer to the link provided in IOB online secured creditor’s website i.e www.iob.in (https://www.iob.in/TenderDetails.aspx?Tendertype=E_Auction); https://www.publishtenders.gov.in or service provider’s website: https://iob.auctiontiger.net.For further details please contact : 0891-2567546, 8309313410 Date: 10.10.2019 Place: Visakhapatnam Authorized Officer. फोन Phone : 0891-2567546 : 08812-277374 इण्डियन ओवरसीज़ बℂक Indian Overseas Bank ई-मेल E-Mail : [email protected] आण्ति वसूली प्रबंधन शाखा, #48-14-111, श्री ननत्या का륍पलै啍स, ववशाखप絍टणम - 530013 Asset Recovery Management Branch, #48-14-111, Sri Nitya Complex, Visakhapatnam – 530013 ANNEXURE II 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 Saketh Industries, rep by its Proprietor Mr. Udaragondi Chandra Mouli, Plot No. 24, Industrial Estate, Eluru Mandal, West Godavari Dist. has borrowed monies from Indian overseas Bank against the mortgage of the immovable properties more fully described in the schedule here under and the Bank has issued a demand notice under section 13(2) of the SARFAESI Act, 2002 on 21.05.2016 calling upon 1. M/s Saketh Industries, Proprietor Mr. Udaragondi Chandra Mouli, Plot No. 24, Industrial Estate, Eluru Mandal, West Godavari Dist. (Borrower) 2. Mr. Udaragondi Chandra Mouli, S/o Venkanna, 3-23, II Block, Palagudem Post, Malkapuram, Eluru Mandal, West Godavari Dist. (Borrower/ Mortgagor), 3. Mr. Kati Venkat Ramana, S/o Mahalakshmudu, Lingaraogudem, Jaladi Post, Eluru mandal, West Godavari Dist. (Guarantor) to pay the amount due to the bank, being Rs. 52,35,000/- (Rupees Fifty Two Lakhs Thirty Five thousand Six Hundred and Ten Only) with further interest and costs, and expenses within 60 days from the date of the said notice. Whereas the borrowers and the Guarantors having failed to pay the amount due to the Bank as called for in the said demand notice, the Bank has issued possession notice on 26.10.2016 and has taken symbolic possession of the secured asset more fully described in the schedule hereunder on 26.10.2016 under Section 13 (4) of the Act read with Rules 8 & 9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank’s dues. The dues to the bank as on the date of taking possession was intimated as Rs. 53,20,445/- (Rupees Fifty Three Lacs Twenty Thousand Four Hundred and Forty Five Only) as on 26.10.2016 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment, after reckoning repayments, if any, since the date mentioned in the demand notice. The dues of the borrower as on 10.10.2019 works out to Rs.77,99,176/- (Rupees Seventy Seven Lakhs Ninety Nine thousand and One Hundred Seventy Six Only) along with further interest at contractual rates and rests, besides costs + actual expenses made for property maintenance after reckoning repayments, if any, subsequent to the Bank issuing demand notice. The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank’s dues by sale of the under mentioned properties in “As is where is”, “As is what is” and “Whatever there is” condition: DESCRIPTION OF IMMOVABLE PROPERTY (Property Owned By Sri Udaragondi Chandra Mouli S/o Sri Venkanna) (Property Covered By Document No.10851/2004, Dated.08.12.2004) All the piece and parcel of the site in an extent of 476 sq yards at RS No.
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