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

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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) To 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.
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