Indian Overseas Bank, Xavier Nagar Branch, Eluru, West Godavari Dist

Indian Overseas Bank, Xavier Nagar Branch, Eluru, West Godavari Dist. Andhra Pradesh, Pin Code-534006. Ph: 08812-251009 Email id: [email protected]

Place: Xavier Nagar Date: 21.09.2019 ANNEXURE I INTENDING SALE NOTICE OF IMMOVABLE SECURED ASSETS (Issued under Rule 8(6) /9 (1) of the Security Interest (Enforcement) Rules2002)

Sl. Borrower Sl. Guarantor/s No. No. 01. M/s. Sri Meher Chaitanya Rice and 03. Sri. Dronadula Satyanarayana Flour Mill, S/o Shri Dronadula Adinarayana (Prop. : Mrs. Dronadula Durga Door No. : 2 - 16, Kumari W/o Mr. Dronadula Nukala Bapannayya Street, Satyanarayana), Appanaveedu (Village), Survey No. 77 / 7, Door No. 2 - 158, Pedapadu Mandal, Appanaveedu Village, Eluru Road, Pedapadu Mandal, Hanuman Junction, West Godavari District, West Godavari District, Andhra Pradesh. Andhra Pradesh. (Borrower) (Guarantor / Mortgagor) 02. Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana Door No. : 2 - 16, Nukala Bapannayya Street, Appanaveedu (Village), Pedapadu Mandal, Eluru Road, Hanuman Junction, West Godavari District, Andhra Pradesh. (Borrower / Mortgagor)

Sir/Madam

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 05.05.2018 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 the Sakshi and The New Indian Express on 10.05.2018 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. Nil after issuance of demand notice dated 03.10.2017 for Rs.4,29,13,830/- as on 30.09.2017. 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 if any, the dues in the loan account as on 31.08.2019 is Rs.5,46,83,368/- (Rupees Five Crore Forty Six Lakhs Eighty Three Thousand Three Hundred and Sixty Eight Only) along with further interest at contractual rates and rests, besides costs + actual expenses made for property maintenance if any.

5. We hereby give you notice of 15 days that the below mentioned secured asset shall be sold by the undersigned on 21.10.2019 between 11.00 A.M to 12.00 Noon, with auto extension of 5 minutes through E – auction using (https://iob.auctiontiger.net).

Description of the Immovable Property

Property No. 01 :

(Property Owned By Shri Dronadula Satyanarayana S/o Shri Dronadula Adinarayana) (Property covered by Document No. 4705/1996, Dated 29.06.1996, with SRO, Eluru, West Godavari District)

All that part and parcel of the property consisting of Commercial vacant land of 402 Sq. Yds. (i.e. Ac. 0.08¼ Cents) situated at R. S. No. 77/7, Door No. 2-158, Tallamudi Village, Appanaveedu Gram Panchayat, Pedapadu Mandal, West Godavari Dist, A.P., standing in the name of Shri Dronadula Satyanarayana, bounded by :

Boundaries

On the North by the Land of Shri Alapati Disakara Rao; On the South by the Land of Shri Parvathaneni Subba Rao; On the East by the land of Shri Alapati Lakshmayya; On the West by Bandaru to Tiruvur Road.

Property No. 02 :

(Property Owned By Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana)

All that part and parcel of the Plant & Machinery property consisting of Factory Land of a total of 2818 Sq. Yds. (324 + 484 + 581 + 727 + 24 + 339 + 339) along with factory building and Plant and Machinery situated at R. S. No. 77/7, Door No. 2-158, Tallamudi Village, Appanaveedu Gram Panchayat, Pedapadu Mandal, West Godavari Dist, A.P., standing in the name of Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana, bounded by :

(A) For the Property covered by Document No. 4025/1996, Dated 03.07.1996, with SRO, Eluru, West Godavari District, Boundaries of 324 Sq. Yds. :

On the North by the Land of Shri Alapati Disakara Rao; On the South by the Land of Shri Parvathaneni Venkata Subba Rao; On the East by the Land of Shri Dronadula Satyanarayana; On the West by the Land of Shri Dronadula Satyanarayana.

(B) For the Property covered by Document No. 7195/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 484 Sq. Yds. :

On the North by the Land of Shri Alapati Ramakrishna Paramahamsa & Others; On the South by the Land of Shri Parvathaneni Venkata Subba Rao; On the East by the Land of Church; On the West by the Land of Shri Dronadula Satyanarayana.

(C) For the Property covered by Document No. 7194/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 581 Sq. Yds. : On the North by the Land of Shri SriRaja Yanamala Ramannadora & Others; On the South by the Land of Smt. Dronadula Durgakumari; On the East by the Land of Mission Church; On the West by the Land of Shri Alapati Disakhara Rao and Anasuyamma.

(D) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 727 Sq. Yds. :

On the North by the Land of Shri SriRaja Yanamala Ramannadora; On the South by the Land of Smt. Dronadula Durgakumari; On the East by the Land of Smt. Dronadula Durgakumari; On the West by the remaining site in R. S. No. 77/7.

(E) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 24 Sq. Yds. :

On the North by the Land remaining site in R. S. No. 77/7; On the South by the Land of Smt. Dronadula Durgakumari; On the East by the site of the above (727 Sq. Yds.) in 10.5 links; On the West by the Zero.

(F) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yds. :

On the North by the Land of Shri Meesala Appa Rao – 90 links; On the South by the Land of below detailed item – 87 links; On the East by the Land of 15 Links Bazaar – 80 links; On the West by the site of Shri Alapati Lakshmayya – 83 Links.

(G) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yds. :

On the North by the Land of above 339 Sq. Yds. – 90 Links; On the South by the Land of Shri Parvathaneni Subba Rao – 90 Links; On the East by the Land of 15 Links Bazaar – 80 links; On the West by the site of Shri Alapati Lakshmayya – 81 Links.

Date: 21.09.2019 Authorized Officer Place: Xavier Nagar Indian Overseas Bank

PAPER PUBLICATION FORMAT OF E- AUCTION NOTICE FOR SALE OF IMMOVABLE PROPERTIES

Indian Overseas Bank, Xavier Nagar Branch, Eluru, West Godavari Dist. Andhra Pradesh, Pin Code-5334006. Ph: 08812-251009 Email id: [email protected] Date: 21.09.2019 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 symbolic possession of which has been taken by the Authorized Officer of Indian Overseas Bank as Secured Creditor, will be sold ‘’ As is Where is’’, ‘’ As is what is’’ and ‘’Whatever there is’’ condition on 21.10.2019 for recovery of Rs.5,46,83,368/- (Rupees Five Crore Forty Six Lakhs Eighty Three Thousand Three Hundred and Sixty Eight Only) as on 31.08.2019 with further interests and costs due to the IOB as Secured creditor from 1. M/s. Sri Meher Chaitanya Rice and Flour Mill (Prop.: M/s. Dronadula Durga Kumari).

The reserve price will be:

Property No. 1 : Rs.96,65,000/- (Rupees Ninety Six Lakh Sixty Five Thousand Only) Property No. 2 : Rs.7,10,19,000/- (Rupees Seven Crore Ten Lakh Nineteen Thousand Only)

Earnest Money Deposit will be : Property No. 1 : Rs.9,66,500/- (Rupees Nine Lakh Sixty Six Thousand Five Hundred Only) Property No. 2 : Rs.71,01,900/- (Rupees Seventy One Lakh One Thousand Nine Hundred Only)

DESCRIPTION OF THE IMMOVABLE PROPERTY Property No. 01 :

(Property Owned By Shri Dronadula Satyanarayana S/o Shri Dronadula Adinarayana) (Property covered by Document No. 4705/1996, Dated 29.06.1996, with SRO, Eluru, West Godavari District)

All that part and parcel of the property consisting of Commercial vacant land of 402 Sq. Yards (i.e. Ac. 0.08¼ Cents) situated at R. S. No. 77/7, Door No. 2-158, Tallamudi Village, Appanaveedu Gram Panchayat, Pedapadu Mandal, West Godavari Distt., A.P., standing in the name of Shri Dronadula Satyanarayana, bounded by :

Boundaries :

On the North : by the Land of Shri Alapati Disakara Rao; On the South : by the Land of Shri Parvathaneni Subba Rao; On the East : by the land of Shri Alapati Lakshmayya; On the West : by Bandaru to Tiruvur Road.

Property No. 02 :

(Property Owned By Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana)

All that part and parcel of the Plant & Machinery property consisting of Factory Land of a total of 2818 Sq. Yards (324 + 484 + 581 + 727 + 24 + 339 + 339 Sq. Yards) along with factory building and Plant and Machinery situated at R. S. No. 77/7, Door No. 2-158, Tallamudi Village, Appanaveedu Gram Panchayat, Pedapadu Mandal, West Godavari Dist, Andhra Pradesh, standing in the name of Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana, bounded by :

(A)For the Property covered by Document No. 4025/1996, Dated 03.07.1996, with SRO, Eluru, West Godavari District, Boundaries of 324 Sq. Yards :

On the North : by the Land of Shri Alapati Disakara Rao; On the South : by the Land of Shri Parvathaneni Venkata Subba Rao; On the East : by the Land of Shri Dronadula Satyanarayana; On the West : by the Land of Shri Dronadula Satyanarayana.

(B) For the Property covered by Document No. 7195/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 484 Sq. Yards : On the North: by the Land of Shri Alapati Ramakrishna Paramahamsa & Others; On the South : by the Land of Shri Parvathaneni Venkata Subba Rao; On the East : by the Land of Church; On the West : by the Land of Shri Dronadula Satyanarayana.

(C) For the Property covered by Document No. 7194/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 581 Sq. Yards :

On the North : by the Land of Shri SriRaja Yanamala Ramannadora & Others; On the South : by the Land of Smt. Dronadula Durgakumari; On the East : by the Land of Mission Church; On the West: by the Land of Shri Alapati Disakhara Rao and Anasuyamma.

(D) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 727 Sq. Yards :

On the North : by the Land of Shri SriRaja Yanamala Ramannadora; On the South : by the Land of Smt. Dronadula Durgakumari; On the East : by the Land of Smt. Dronadula Durgakumari; On the West : by the remaining site in R. S. No. 77/7.

(E) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 24 Sq. Yards :

(F) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yards :

(G) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yards :

On the North : by the Land of above 339 Sq. Yds. – 90 Links; On the South : by the Land of Shri Parvathaneni Subba Rao – 90 Links; On the East : by the Land of 15 Links Bazaar – 80 links; On the West : by the site of Shri Alapati Lakshmayya – 81 Links.

With all Easementary Rights

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: 08812-251009 or Cell: 9603479478.

Place: Xavier Nagar Authorized Officer Date: 21.09.2019 Indian Overseas Bank.

Indian Overseas Bank, Xavier Nagar Branch, Eluru, West Godavari Dist. Andhra Pradesh, Pin Code-5334006. Ph: 08812-251009 Email id: [email protected]

दिन 車क Date: 21.09.2019 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. Sri Meher Chaitanya Rice and Flour Mill (Prop.: Smt. Dronadula Durga Kumari w/o Sri Dronadula Satyanarayana) 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 03.10.2017 calling upon the borrower &Guarantors 1. M/s. Sri Meher Chaitanya Rice and Flour Mill, (Prop. : Smt. Dronadula w/o Sri Dronadula Satyanarayana Durga Kumari), Door No. 2-158, Appanavedu Village, Pedapadu Mandal, West Godavari Distt., A.P. (hereinafter referred as ‘borrower’), 2. Smt. Dronadula Durga Kumari W/o Dronadula Satyanarayana, (borrower/mortgagor), Door No. 2-16, Nukala Bapannayya Street, Appanaveedu, Eluru Road, Hanuman Junction, West Godavari Distt., and 3. Dronadula Satyanarayana (Mortgagor / Guarantor) S/o Adinarayana, Door No. 2- 16, Nukala Bapannayya Street, Appanaveedu, Eluru Road, Hanuman Junction, West Godavari Dist., to pay the amount due to the bank, being Rs.4,29,13,830/- as on 30.09.2017 as on the date of notice together with further interest, costs and expenses within 60 days from the date of the said notice.

Whereas the borrowers and the Guarantor having failed to pay the amount in full due to the Bank as called for in the said demand notice, the Bank has issued possession notice on 05.05.2018 and has taken symbolic possession of the secured asset more fully described in the schedule hereunder on 10.05.2018 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.4,62,31,903/- 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 31.08.2019 are Rs.5,46,83,368/- (Rupees Five Crore Forty Six Lakhs Eighty Three Thousand Three Hundred and Sixty Eight 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” and “As is what is” condition:

DESCRIPTION OF THE IMMOVABLE PROPERTY . Property No. 01:

(Property Owned By Shri Dronadula Satyanarayana S/o Shri Dronadula Adinarayana) (Property covered by Document No. 4705/1996, Dated 29.06.1996, with SRO, Eluru, West Godavari District)

Boundaries :

Property No. 02 :

(Property Owned By Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana)

All that part and parcel of the Plant & Machinery property consisting of Factory Land of a total of 2818 Sq. Yards (324 + 484 + 581 + 727 + 24 + 339 + 339 Sq. Yards) along with factory building and Plant and Machinery situated at R. S. No. 77/7, Door No. 2-158, Tallamudi Village, Appanaveedu Gram Panchayat, Pedapadu Mandal, West Godavari Distt., A.P., standing in the name of Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana, bounded by:

(A)For the Property covered by Document No. 4025/1996, Dated 03.07.1996, with SRO, Eluru, West Godavari District, Boundaries of 324 Sq. Yards :

(B) For the Property covered by Document No. 7195/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 484 Sq. Yards :

On the North : by the Land of Shri Alapati Ramakrishna Paramahamsa & Others; On the South : by the Land of Shri Parvathaneni Venkata Subba Rao; On the East : by the Land of Church; On the West : by the Land of Shri Dronadula Satyanarayana.

(C) For the Property covered by Document No. 7194/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 581 Sq. Yards :

On the North : by the Land of Shri Raja Yanamala Ramannadora & Others; On the South : by the Land of Smt. Dronadula Durgakumari; On the East : by the Land of Mission Church; On the West : by the Land of Shri Alapati Disakhara Rao and Anasuyamma.

(D) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 727 Sq. Yards :

On the North : by the Land of Shri Raja Yanamala Ramannadora; On the South : by the Land of Smt. Dronadula Durgakumari; On the East : by the Land of Smt. Dronadula Durgakumari; On the West : by the remaining site in R. S. No. 77/7.

(E) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 24 Sq. Yards :

On the North : by the Land remaining site in R. S. No. 77/7; On the South : by the Land of Smt. Dronadula Durgakumari; On the East : by the site of the above (727 Sq. Yds.) in 10.5 links; On the West : by the Zero. (F) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yards :

(G) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yards :

Date and time of e – auction 21.10.2019 between 11 A.M and 12 Noon with auto extension of 5 minutes each till sale is completed.

Reserve Price Property No. 1 : Rs.96,65,000/- (Rupees Ninety Six Lakh Sixty Five Thousand Only) Property No. 2 : Rs.7,10,19,000/- (Rupees Seven Crore Ten Lakh Nineteen Thousand Only) Earnest Money Deposit Property No. 1 : Rs.9,66,500/- (Rupees Nine Lakh Sixty Six Thousand Five Hundred Only) Property No. 2 : Rs.71,01,900/- (Rupees Seventy One Lakh One Thousand Nine Hundred Only) EMD Remittance Deposit through EFT/NEFT/RTGS transfer in favor of Authorized Officer, E – Auction SARFAESI Act, Xavier Nagar Branch to the credit of Current Account No. 154702000000500, IFSC Code : IOBA0001547, Branch Address: Indian Overseas Bank, Xavier Nagar Branch, Xavier Nagar, Eluru – 534 007, West Godavari District, Andhra Pradesh.

Bid Multiplier Rs.25,000/-

Inspection of property 07.10.2019

Submission of online 03.10.2019 application for bid with EMD

Last date for submission of 19.10.2019 online application for BID with EMD

Known Encumbrance if any Nil *Outstanding dues Not Known (To be Borne by the auction purchaser only, If any). Rs……….. of Local Self Government (Property Tax, Water sewerage, Electricity Bills etc.) Terms and Conditions

Bank’s dues have priority over the statutory dues

1. The property will be sold by e-auction through the Bank’s approved service provider M/s. e-Procurement Technologies Limited, Ahmedabad (Auction Tiger) under the supervision of the Authorized officer of the Bank.

2. E-auction tender document containing online e-auction bid form, declaration, general terms and conditions of online auction sale are available in https://iob.auctiontiger.net

3. Intending bidders shall hold a valid digital signature certificate and e-mail address. For details with regard to digital signature, please contact Mr. Ramesh S., Contact Number: +91 9898745874, Help Line Numbers: 079 4023 0825 / 826 / 827 / 800 / 816 to 824, e-Mail ID: [email protected] and [email protected] Or Mr. Ravi kumar Chukka (Vizag), Contact Number: +91 8008617666

4. Bids in the prescribed formats given in the Tender Document shall be submitted “online” through the portal https://iob.auctiontiger.net Bids submitted otherwise shall not be eligible for consideration.

5. The EMD and other deposits shall be remitted through EFT / NEFT / RTGS to the Bank account as specified above.

6. Bid form without EMD shall be rejected summarily.

7. Online auction sale will start automatically on and at the time as mentioned above. Auction / bidding time will initially be for a period of two hours with auto time extension of five minutes each till the sale is concluded.

8. Auction / bidding will be only online bidding through the portal provided by Auction Tiger. 9. Demo e-auction process will be conducted by ABC Procure for familiarization and allocation of user name / password to eligible prospective bidders for access to the e-auction at the specified date and time.

10. The property shall be sold to the highest bidder. The successful bidder (purchaser) shall deposit 25% of the sale price (less the EMD) immediately on the sale being confirmed in his / her favor and the balance amount of sale price within 15 days from the date of confirmation of auction sale. If the bidder fails to deposit 25% of sale price (less the EMD) within stipulated time, the EMD deposited by him will be forfeited.

11. In addition to the sale consideration, it shall be the responsibility of the highest bidder to pay 1% of the sale consideration towards Income Tax and the Bank shall not take any responsibility for the same.

12. The sale certificate will be issued in the name of the purchaser only, after payment of the entire sale price amount and other charges if any.

13. The purchaser shall bear the charges / fee payable for conveyance such as registration fee, stamp duty, etc. as applicable as per law.

14. The Authorized Officer has the absolute right to accept or reject the bid or postpone or cancel the sale, as the case may be.

15. The property is being sold on ‘as is where basis’ condition is. The purchaser should make their own enquiries regarding any statutory liabilities, arrears of property tax, electricity dues, etc., by themselves before participating the auction.

16. EMD of unsuccessful bidders will be returned through EFT / NEFT / RTGS to the bank account details provided by them in the bid form and intimated via their e mail id.

17. If the dues are realizable by the auction proceeds of any one item, the Authorized Officer has got the right to cancel the sale of other items.

For further details regarding inspection of property / e-auction, the intending bidders may contact the Chief Manager, Indian Overseas Bank, Xavier Nagar Branch during office hours Phone No. 08812-231009, 251009, or Cell No. 96034- 79478 or contact service provider through E-mail ID: [email protected] and [email protected], Contact No.: 079 4023 0825 / 826 / 827 / 800 /816 to 824, Mobile: 09898745874 Or Mr. Ravi kumar Chukka (Vizag), Contact Number: +91 8008617666.

Place: Xavier Nagar Authorized Officer Date: 21.09.2019 Indian Overseas Ban ANNEXURE III INDIAN OVERSEAS BANK CENTRAL OFFICE 763, ANNA SALAI CHENNAI 600 002 General Terms and Conditions of Online Auction Sale

1. Nature and Object of Online Sale:

The online e-auction sale is with the avowed object of Free and Fair Sale, Transparency and for achieving best-possible recovery of public money. The sale is governed by the Provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and Security Interest (Enforcement) Rules, 2002 and the following specific terms and conditions.

2. Caution to bidders: Property is sold on as is and where is/on what it is/no complaint basis. Bidders are advised/cautioned to verify the concerned SRO as well as the Revenue Records and shall satisfy themselves regarding the nature, description, condition, encumbrance, lien, charge, statutory dues, etc. over the property before submitting their bids. Bidders are advised to go through all the terms and conditions of sale given in the tender document and also in the corresponding public sale notice in the dailies before submitting the bid and participating in the online bidding/auction. Statutory dues/liabilities etc., due to the Government/Local Body, if any, shown in the sale notice/tender document shall be borne by the purchaser(s).

3. Inspection of Property: Property can be inspected on the date(s) given in the public sale notice/tender document Bidders shall inspect the property and satisfy themselves regarding the physical nature, condition, extend, etc. of the property. Complaints, if any, in the matter of inspection shall immediately be brought to the notice of the Authorized Officer.

4. Inspection of Title Deeds: (a) Bidders may inspect and verify the title deeds and other documents relating to the property available with the Bank

5. Submission of bid forms: (a) Bids in the prescribed format given in the tender document shall be submitted “online” through the portal of https://iob.auctiontiger.net (web address of the service provider) Bids submitted otherwise shall not be eligible for consideration and rejected. (b) Bids shall be submitted online before the last date and time given in the sale notice/tender document. (c) Bids form shall be duly filled in with all the relevant details. (d) Incomplete/unsigned bids without EMD remittance details will be summarily rejected. (e) Only copy of PAN Card, Passport, Voter’s ID, Valid Driving License or Photo Identity Card issued by Govt. and PSU will be accepted as the identity document and should be submitted along with the bid form. (f) Original Identity Document copy of which is submitted along with the bid form must be produced on demand.

6. Earnest Money Deposit (EMD):

(a) The bid shall be accompanied by the EMD as specified in the public sale notice/tender document. (b) EMD and other deposits shall be remitted through EFT/NEFT/RTGS Transfer to the bank account as specified in the sale notice/Tender document. (c) Bidders not to disclose remittance details of EMD, UTR Code, etc. to any on and to safeguard its secrecy. (d) Bidders shall preserve the remittance challan and shall produce the same as and when demanded. (e) Bid form without EMD shall be summarily rejected. (f) All details regarding remittance of EMD shall be entered in the bid form. (g) EMD, either in part or in full, is liable for forfeiture in case of default.

7. Bid Multiplier:

(a) The bid-increment/multiplier shall be at Rs.25,000/- . (b) The bidders shall increase their bids in multiplies of the amount specified in the public sale notice.

8. Duration of Auction Sale:

(a) Online auction sale will start automatically on and at the time given in the public sale notice/Tender Document. (b) Auction/Bidding time will initially be for a period of one hour and in the bidding process will get automatically extended five minutes duration of each and kept open till the auction- sale concludes. (c) If any market-leading bid (bid higher than the highest at the point in time) is received within the last five minutes of closing time, the bidding time will be extended automatically by five minutes and if no bid higher than last quoted highest bid is received within the said extended five minutes, the auction sale will automatically get closed at the expiry of the extended five minute. There will thus be an extension of bidding-time, each of five minutes duration, till auction is concluded. (d) Bidders are advised to enter their bid accordingly keeping in mind the five minutes duration. (e) No complaint on time-factor or paucity of time for bidding will be entertained.

9. Online Bidding: (a) Auction/bidding will be only online bidding through the portal provided by the service provider (b) Bidders are cautioned to be careful while entering their bid amount and to check for alteration, if any before confirming the same (c) No request/complaint of wrong bidding will be entertained for cancelling the sale and in such case, the EMD in full will be forfeited (d) Bidders may, subject to conditions of online service provider, may avail pre-auction training and/or for demo/mock auction-sale.

10. Declaration of successful bidder:

1. Highest bidder will be declared the successful bidder and sale will be confirmed in his favor. Intimation to this effect will be given through e-mail by service provider/Bank 2. All intimations to bidders/auction purchaser will be primarily through e-mail by the service provider/Bank. Date of sending e-mail will be considered as date of intimation. If no intimation reaches, bidders are expected to take efforts to find out status from the Bank. Non-receipt of intimation should not be an excuse for default/non-payment.

11. Deposit of purchase price:

(a) The bidder declared successful, shall pay, immediately after such declaration, a deposit of 25% (less EMD already paid) on the amount of his purchase money. (b) In case of the auction-sale proceeding and concluding beyond the banking transaction hours, the deposit of 25% of purchase price (less EMD already paid) shall be remitted before 3.00 p.m. of the next working day. (c) The balance amount of purchase money shall be paid on or before the fifteenth day from the date of the sale or within such period as may be extended, for the reason to be recorded, by (d)the Authorized Officer. 12. Default of Payment:

(a) Default of payment of 25% of bid amount (less EMD) on the same day and 75% of balance bid amount within the time stipulated as above shall render automatic cancellation of sale without any notice (b) The EMD and any other monies paid by the successful bidder shall be forfeited by the (c) TheAuthorized EMD and Officer any of other the Bank. monies paid by the successful bidder shall be forfeited by the 13. Sale Certificate/Payment of Stamp Duty: (a) On payment of the entire purchase price/bid amount, Sale Certificate will be issued by the Authorized Officer of the Bank only in the name/names of the bidders whose name/names are mentioned in the bid form. (b) No request for inclusion/substitution of names, other than those mentioned in the bid, in the sale certificate will be entertained. (c) Sale Confirmation/Sale Certificate shall be collected in person or through an authorized person. (d) The Stamp Duty, Registration Charges, etc., as per relevant laws for the sale certificate shall be borne by the successful bidder. (e) The Sale Certificate will not be issued pending operation of any stay/injunction/ restraint order passed by the DRT/DRAT/High Court or any other court against the issue of Sale Certificate. (f) The deposit made by the successful-bidder, pending execution of Sale Certificate, will be kept in noninterest bearing deposit account. No request for return of deposit either in part or full/cancellation of sale will be entertained. (g)

14. Return of EMD:

(a) EMD of unsuccessful bidders will be returned through EFT/NEFT/RTGS transfer to the bank account details provided by them in the bid form and may be intimated via their e-mail id. (b) Unsuccessful bidders shall ensure return of their EMD and if not, immediately to contact the Authorized Officer of the Bank.

15. Stay/Cancellation of Sale: (a) In case of stay of further proceedings by DRT/DRAT/High Court or any other Court, the auction may either be deferred or cancelled and persons participating in the sale shall have no right to claim damages, compensation or cost for such postponement or cancellation (b) Default in payment of 25% of the purchase price or the balance purchase price within the stipulated/extended time will result in cancellation of sale.

16. Delivery of Title Deeds:

(a) The title deeds and other documents related to the property and deposited with the Bank for creation of Equitable Mortgage shall be delivered to the Successful bidder/Auction Purchaser, on execution of the Sale Certificate.

17. Delivery of possession:

(a) All expenses and incidental charges thereto shall be borne by the auction purchaser.

18. Other Conditions:

(a) The Authorized Officer will be at liberty to amend/modify/delete any of the conditions as may be deemed necessary in the light of facts and circumstances of each case. (b) The Authorized Officer reserves the right to accept or reject all or any bid or bids without assigning any reason and to postpone or cancel the sale without assigning any reason. (c) Bidders shall be deemed to have read and understood all the conditions of sale and are bound by the same. No counter-offer/conditions by the bidder and/or successful-bidder will be entertained. Technical Terms and Conditions of Online Auction Sale

1. Prospective bidder shall have a valid Digital Signature Certificate (DSC) issued by any of the recognized agency and a valid e-mail id. 2. Prospective bidder has to register with the ‘online’ service provider.

3. Only upon verification of the bid form and confirmation of remittance of EMD, the User ID issued by the online service provider will be activated permitting the bidder to enter into the website of the service provider for bidding. 4. Bidders should not disclose their User ID as well as password and other material information relating to the bidding to any one and to safeguard its secrecy. 5. Bidders are advised to change the password immediately on receipt from the service provider.

6. Time Extension: If any market leading bid (bid higher than the highest at the point in time) is received within the last five minutes of closing time, the time of auction sale will get automatically extended by another five minutes and subsequently. If no further bid higher than the last quoted highest bid is received within the said extended five minutes, the auction sale will automatically closed at the expiry of the extended five minutes. 7. Training: The online service provider will provide training “online” if required by the bidders at a mutually convenient date and time before the auction. 8. Bids: All bids placed are to be treated as legally valid bids and are to be considered as bids from the bidder himself. Once the bid is placed, the bidder cannot reduce or withdraw the bid for whatever reason. If done so, the EMD amount shall be forfeited.

9. The highest and the latest bid on the auction shall supersede all the previous bids of the respective bidders. The bidder with the highest offer/bid does not get any right to demand acceptance of his bid. 10. The bidder shall be solely responsible for all consequences arising out of the bid submitted by him (including any wrongful bidding)and no complaint/representation will be entertained in this regard by the Bank. Hence bidders are cautioned to be careful to check the bid amount and alter/rectify their bid if required before confirming the bid submitted. 11. The intimation to the bidder/bidders concerned of having declared successful in the auction sale will primarily be sent to them through e-mail preferably. The date of sending the e-mail will be considered as date of intimation. 12. If no intimation reaches for reasons beyond the control of the Bank, the bidders are required to take efforts to ascertain the status. Non receipt of intimation shall not be a ground for non- payment or delayed payment. Bidders must therefore keep a watch on their incoming e-mail id registered by the bidder or for return of the mail for mailbox being full.

13. Demo/mock auction:

For bidders who have indicated non-familiarity with e-Auction, training on a DEMO/MOCK Auction will be arranged in a manner and on such date by the service provider as may be specified in the Scheduled Programme. Only those Bidders who have registered themselves for the Auction by submitting the “Declaration Form” and have also paid the EMD can participate in this Mock Auction. No training will be given during the actual e-Auction.

14. Note of caution for the Bidders:

Bidders may encounter certain unforeseen problems such as time lag, heavy traffic, system/power failure at the Bidders end. To avoid losing out on bidding because of above- mentioned reasons, it is advised not to wait for the last moment.

Authorized Officer ANNEXURE IV AUCTION SALE PROGRAMME

DESCRIPTION OF THE IMMOVABLE PROPERTY

Property No. 01 :

(Property Owned By Shri Dronadula Satyanarayana S/o Shri Dronadula Adinarayana) (Property covered by Document No. 4705/1996, Dated 29.06.1996, with SRO, Eluru, West Godavari District)

Boundaries :

Property No. 02 :

(Property Owned By Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana) Property covered by Document No. …….. Dated……..with SRO……..)

All that part and parcel of the Plant & Machinery property consisting of Factory Land of a total of 2818 Sq. Yards (324 + 484 + 581 + 727 + 24 + 339 + 339 Sq. Yards) along with factory building and Plant and Machinery situated at R. S. No. 77/7, Door No. 2-158, Tallamudi Village, Appanaveedu Gram Panchayat, Pedapadu Mandal, West Godavari Distt., A.P., standing in the name of Smt. Dronadula Durga Kumari W/o Shri Dronadula Satyanarayana, bounded by :

(A)For the Property covered by Document No. 4025/1996, Dated 03.07.1996, with SRO, Eluru, West Godavari District, Boundaries of 324 Sq. Yards :

(B) For the Property covered by Document No. 7195/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 484 Sq. Yards :

(C) For the Property covered by Document No. 7194/1996, Dated 03.12.1996, with SRO, Eluru, West Godavari District, Boundaries of 581 Sq. Yards :

(D) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 727 Sq. Yards :

(E) For the Property covered by Document No. 4338/2002, Dated 06.06.2002, with SRO, Eluru, West Godavari District, Boundaries of 24 Sq. Yards :

(F) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yards :

On the North : by the Land of Shri Meesala Appa Rao – 90 links; On the South : by the Land of below detailed item – 87 links; On the East : by the Land of 15 Links Bazaar – 80 links; On the West : by the site of Shri Alapati Lakshmayya – 83 Links. (G) For the Property covered by Document No. 6500/1996, Dated 24.10.1996, with SRO, Eluru, West Godavari District, Boundaries of 339 Sq. Yards :

Date and time of e – auction 21.10.2019 between 11 A.M and 12 Noon with auto extension of 5 minutes each till sale is completed.

Bid Multiplier Rs.25,000/-

Inspection of property 07.10.2019

Submission of online 03.10.2019 application for bid with EMD

Last date for submission of 19.10.2019 online application for BID with EMD

Known Encumbrance if any Nil

*Outstanding dues Not Known (To be Borne by the auction purchaser only, If any). Rs……….. of Local Self Government (Property Tax, Water sewerage, Electricity Bills etc.)

Bank’s dues have priority over the statutory dues For terms and conditions please visit: https://iob.auctiontiger.net (Web portal of e-auction of service provider)

Indian Overseas Bank, Xavier Nagar Branch, Eluru, West Godavari Dist. Andhra Pradesh, Pin Code-5334006. Ph: 08812-251009 Email id: [email protected] Date: ANNEXURE V

ON LINE E AUCTION BID FORM (Read carefully the terms and conditions of sale before filling-up and submitting the bid)

1.Name(s) of Bidder (in capital) 2.Father’s/Husband’ Names 3.Postal address of Bidder(s) 4.Phone/cell number and e mail id 5.Bank Account Details to which EMD amount to be returned I Bank A/c No. ii. IFSC Code No. iii. Branch Name 6. Date of submission of bid 7. PAN Number 8.Property Item No. 9.Whether EMD remitted Yes / No

10.EMD remittance details* Date of remittance Name of Bank Branch Account No. IFSC Code No. UTR No 11.Bid amount quoted Rs------/ (Rupees------)

I declare that I have read and understood all the terms and conditions of auction sale and shall abide by them.

(Signature of the Bidder)

*mandatory. Bidders are advised to preserve the EMD remittance challan. ANNEXURE VI DECLARATION

To:

Date______

The Authorized Officer, Indian Overseas Bank,

E Auction of Property owned by Sri ______on ______A/c ______

1. I/we, the Bidder/s aforesaid do hereby state that, I/we have read the entire terms and conditions of the sale and understood them fully. I/we, hereby unconditionally agree to conform with and to be bound by the said terms and conditions and agree to take part in the Online Auction

2. I/we declare that the EMD and other deposits towards purchase-price were made by me/us as against my/our bid and that the particulars remittance given by me/us in the bid form is true and correct.

3. I/we further declare that the information revealed by me/us in the bid document is true and correct to the best of my/our belief. I/we understand and agree that if any of the statement/information revealed by me/us is found to be incorrect and/or untrue, the bid submitted by me/us is liable to be cancelled and in such case, the EMD paid by me/us is liable to be forfeited by the Bank and the Bank will be at liberty to annul the offer made to me/us at any point of time.

4. I/we also agree that after my/our offer given in my/our bid for purchase of the assets is accepted by the Bank and I/we fail to accept or act upon the terms and conditions of the sale or am/are not able to complete the transaction within the time limit specified for any reason whatsoever and/or fail to fulfill any/all the terms and conditions of the and offer letter, the EMD and any other monies paid by me/us along with the bid and thereafter, are liable to be forfeited.

5. The decision taken by the Authorized Officer of the Bank in all respects shall be binding on me/us also undertake to abide by the additional conditions if announced during the auction including the announcement of correcting and/or additions or deletions of times being offered for sale.

Digital Signature:

Name:

Address

E-mail id:

Mobile: