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Ÿþe a U C T I O N N O T I Business Banking Unit D.No. 47-10-15, Shop No.1, A G Avenue, First Floor, Opp: Pollock School, 2" Lane, Karur Vysya Bank Dwarakanagar, Visakhapatnam, Andhra Pradesh -530016; Smart way to bank Email:[email protected] E-AUCTION NOTICE PUBLIC NOTICE FOR SALE OF MOVABLE AND IMMOVABLE PROPERTIES UNDER SARFAESI ACT, 2002 In exercise of powers conferred under the Securitization and Reconstruction of Financial As- sets and Enforcement of Security Interest Act, 2002 and Security Interest (Enforcement) Rules, 2002 and pursuant to the possession of secured assets of the borrower taken by Authorised Of- ficer for recovery of the secured debts dues to The Karur Vysya Bank Ltd, Visakhapatnam Main Branch, amounting to Rs.3,07,19,054.00 (Rupees Three Crores seven lakhs nineteen thousand fifty four Only) (A/c No. 1432223000000561 is Rs. 2,78,15,006.51/- + A/c No.4850223000000023 is Rs.29,04,047.49/-) as on 31.07.2020 with interest and expenses there- on from 01.08.2020 from the borrower M/s Jai Ganesh enterprises, Rep by Sole Propreitor Mr.Chintala Naga Jagadish S/o Chintala Satyanarayana, D.No. 2-161/8, Ground Floor, HIG -662, Madhurawada, Mithilapuri VUDA Colony, Visakhapatnam, Andhra Pradesh - 530 043 and Gua- rantor Mr. Chintala Naga Jagadish sio Chintala Satyanarayana, D.No.45-1-1/5/1, Opp. Ken- driya Vidhyalam Gate, Muslim Thatichetlapalem, Visakhapatnam, Andhra Pradesh -530016 Smt. Chintala Satyavathi w/o Chintala Satyanarayana, D.No.45-1-1/5/1, Opp. Kendriya Vid- hyalam Gate, Muslim Thatichetlapalem, Visakhapatnam, Andhra Pradesh -530016 Whereas the undersigned has decided to put up for E-auction of the movable and immovable properties offers are invited by way of E-Tender for purchase of the following assets on "AS IS WHERE IS", "AS IS WHAT IS", AND "WHATEVER THERE IS" basis. DESCRIPTION OF THE MOVABLE AND IMMOVABLE PROPERTIES PROPERTY - I Residential land and building (G+2 Floors) situated at NTS No.788, D No.29-16-113, with old assessment no.22816, new assessment no.189405, Jagadam Vani Street, Suryarao Peta, Vijayawada with total extent of the area of the land 88.10 sq yds and total plinth area of G+2 stories building is 1219.2 sft standing in the name of Smt.Chintala Satyavathi w/o Chintala Satyanarayana (Registered Gift deed doc no.1242/1972 dated 02.04.1972) bounded by: North : Joint of the schedule property and property of Bankapalli Parasaiah East : Property sold by Musunuri Venkataramaiah to others West : Jagadam van i street South : Wall of the schedule property behind the property of Bankapalli Peda Appamma Page 1 of 6 For The Karur Vysya Bank Ltd., Authorised Officer PROPERTY - II Residential vacant plot with an extent of 300 sq yds situated at S No.62/4 part and 62/5 part of Madhurawada Village, D No.25-200, Plot no.MIG-181 of VUDA approved layout vide L P No.11/88 and revised L P No.63/88 dated 08.09.1988 standing in the name of Sri Chintala Naga Jagadish, S/o Chintala Satyanarayana (Registered Sale deed doc no.3666/2017 dated 21.07.2017) bounded by: North: 30 feet wide road East : Plot No.MIG-180 West: Plot No.MIG-182 South : Plot No.MIG-186 PROPERTY -III Residential vacant plot with an extent of 133.33 sq yds situated at Plot No.14A, Sai Balaji Town Ship Phase - I, VUDA L P No.43/2015, S No.142/21 of Modavalasa Mandalam and Village, Bhogapuram, Vizianagaram district, standing in the name of Sri Chintala Naga Jagadish, Sio Chintala Satyanarayana (Registered Sale deed doc no.5328/2015 dated 06.07.2015) bounded by: North : Plot No.13 East : Plot No.I4B , West: Plot•No.15 - South: 40 feet wide road Bid Amount Property No - --Reserve Price EMD (10% of Reserve .. Price) Incremental IL - I 79,50,000.00 7,95,000.00 25000 II 90,00,000.00 9,00,000.00 25000 III 16,00,000.00 1,60,000.00 25000 Inspection of the Asset All working Days - From 25.08.2020 to 25.09.2020 between 10.00 am to 5.00 pm Last date and time for submitting online Date: 25.09.2020 Tender & Application Forms Time: 05.00 PM Date and Time of E-Auction The E-Auction will take place through portal https://kvb.auctiontiger.net on 28.09.2020 between 11.00 a.m to 12.00 p.m with unlimited extensions of 10 minutes each till sale is concluded. Nodal Bank account Name The arur ysya an , favour of A/c. M/s Jai Ganesh Enterprises of Visakhapatnam Main branch (Borrower name) Account No:1101351000000973, Page 2 of 6 For The Karur Vysya Bank Ltd., Authorised Officer IFSC Code : KVBL0001101. Contact Person & Phone No Authorized Officer, The Karur Vysya Bank Ltd, Dr.No. 13-15-151, Main road, Dabagardens, Visakhapatnam, Andhra Pradesh - 530 020. Email : Vizagmain @kvbmail.com Ph.No. 0891-2549870 Mobile No: -9949624491 02. M/s e-Procurement Technologies ' Limited, Ahmadabad, Mr. Ravi Kumar (Vizag) Ph-8008617666; E-mail: [email protected] & [email protected] The E-tenders should be accompanied with EMD remittance details. EMD should be remitted through RTGS / NEFT to Nodal Bank Account without time lag, failing which the tender becomes disqualified or The EMD of 10% of the Reserve Price can also be paid by of a Demand Draft/Pay Order drawn in favour of The Karur Vysya Bank Ltd, Payable at Visakhapatnam along with Bid Form. TERMS AND CONDITIONS OF THE E-AUCTION ARE AS UNDER E - Auction is being held on ""AS IS WHERE IS", "AS IS WHAT IS", AND "WHATEVER THERE IS" BASIS". The E-auction will take place through portal https://kvb.auctiontiger.net on from 11.00am to 12.00pm with unlimited extensions of 10 minutes each, till the sale is completed. For detailed procedure and terms and conditions of E-Auction, interested bidders may visit www.matexauctions.com and download relevant documents. Interested bidders may also get in touch with service provider on below mentioned contact numbers. It shall be in the discretion of the Authorized Officer to cancel the auction proceeding for any reason and return the EMD submitted and Bank would not entertain any claim or representation in that regard from the bidders. Particulars specified in respect of the said properties in the above schedule have been stated to the best of the information of the Authorized Officer / Bank. The intending purchaser / bidder is required to submit amount of EMD and register their name at https://kvb.auctiontiger.net to the above mentioned account and get user ID and Password free of cost and get training on E-Auction from . m/s e-Procurement Technologies Limited, Ahmadabad, Mr. Ravi Kumar (Vizag) Ph-8008617666; Email: [email protected] For The Karur Vysya Bank Ltd., Authorised Officer Cheques will not be accepted for EMD. Bidders are required for participating in the E-auction to hold Digital Signature Certificate and also to furnish the details in the Auction Application Form available on the site. The said EMD shall be adjusted in the case of highest bid, otherwise it will be refunded. The earnest money deposit will not carry any interest. Brokers / Middlemen shall not be entertained. The sale shall be confirmed in favour of the purchaser who has offered the highest sale price in his bid to the Authorized Officer and shall be subject to confirmation by the Bank. The purchaser shall deposit 25% of the amount of sale price after adjusting the Earnest Money Deposit within 24 hours (Banking Days) of acceptance of highest bid by the Authorized Officer in respect of sale, failing which the Earnest Money Deposit shall be forfeited. The highest bidder shall be declared to be the purchaser of the properties mentioned herein provided he should be legally qualified to bid at all stage. The balance 75% of the sale price shall be paid by the purchaser on or before 15th day (during banking hours) of confirmation of sale by the Authorized Officer or such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. In default of payment of sale price or any part thereof within the period(s) mentioned hereinabove, the deposit(s)/ Part payment shall be forfeited and the property shall be resold and the defaulting purchase shall forfeit all claims to the property or any of the sum for which it may be subsequently sold. On confirmation of the sale by the Bank and or compliance of the terms of payment the Authorized Officer shall issue a certificate of sale of the said property in favor of the purchaser in the form given in Appendix V to Enforcement of Security Interest Rules. The Authorized Officer is not bound to accept the highest bid or any or all bids and reserves the right to accept or reject any or all the bids without assigning any reason thereof and his decision will be final binding on all the parties attending the auction. Participation by any person in the sale shall be treated as conclusive evidence of the fact that the party has inspected the properties offered for sale and satisfied him about the title, measurement, extent, boundaries and location of the properties. It shall also imply and be taken for granted that the party has carefully gone through and understood the terms and conditions of auction including the amendments if any, prevailing at the time of auction bid. No objection shall be entertained by the Bank and or the Authority after the bid is accepted.
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