Gopalapatnam Branch, Main Road,Gopalapatnam Ph No.0891-2520739/2502061 E-Auction Sale Notice Notice is here by given to the public in general and to the Borrower’s and Guarantor’s in particular by the Authorised Officer, that the under mentioned property mortgaged to Union Bank of , Gopalapatnam Branch Visakhapatnam taken possession of the secured assets under the provision of Section 13(4) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by E-Auction as mentioned below for recovery of under mentioned dues and further interest, charges and costs etc, as detailed below. The properties are being sold on “AS IS WHERE IS, WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” as such sale is without any kind of warranties and indemnities. The under mentioned properties will be sold by “ Online E-Auction through website https://ubi.auctiontiger.net and www.auctiontiger.net on 11-12-2019 for recovery of the amount mentioned hereunder in the following accounts. 1)Name of borrower:Sri Siriki Madhusudhana Rao, D.No. 9-203/4, S-4, Raviteja Residency, Narasimhanagar,Gopalapatnam,Visakhapatnam-530027 Mortgagor : Sri Siriki Nageswara Rao, D.No. 1-25, Talluru Village, Mandalam, East Godavari District-533401 Debt Due to with interest and Cost:Rs. 30,44,917.80 ps.(As per Demand Notice dt 03-01-2018) together with subsequent interest till date of payment and other charges Property Details:All that site measuring 95 Sq.Yds or 79.43 Sq.mts being undivided and upspecified share out of total extent of 190 Sq.Yds or 158.864 Sq.mts together with entire ground Floor with plinth area of 960 Sft (Whereas in Sale Deed No. 2252/13 dated 13-12-2013 the area is mentioned as 1519 Sft) bearing D.No.24-109-17,Assessment No.1088028714, Sc No.5028,Covered by Survey No.163/11A/1 of Chinnagantyada Village, within the limits of GVMC,Visakhapatnam Peddagantyada SRO,Visakhapatnam bounded by:North:Land belongs to S Atchibabu,East:Land belongs to S.Cinnam Naidu,South:Land belongs to S Atchibabu,West:10 Feet Wide Road, Reserve Price:Rs. 30,00,000/- Earnest Money Deposit (EMD) :Rs.3,00,000/- 2)Name of borrower: Sri Karasa Sai Baba, S/o. Shri Rama Swamy, and Mrs.Karasa Lakshmi W/o.Shri Karasa Sai Baba, both residing at D.No.28-19/2, , Opp. Vadlapudi Hospital, Visakhapatnam-530027, AP. Debt Due to with interest and Cost:Rs.8,08,487.00 ps. (As per Demand Notice dt 03-08-2010) together with subsequent interest till date of payment and other charges Property Details: EM of residential flat with plinth area of 800 sft along with 26 Sq.Yds undivided and unspecified share out of the total extent of 289 Sq.yards bearing Flat No. F-1, First floor, Sri Ramakrishna Nivas, Satya Nagar, Sramasakthi Nagar, Plot No.4, Survey No.95/13, Chinamushidivada, Mandal, Visakhapatnam, standing in the of Mr. Karasa Sai Baba with following boundaries: East: Flat No.F-2, South:Open Set back space,West: Common Corridor, North: Common Corridor, Reserve Price:Rs. 15,60,000/- Earnest Money Deposit (EMD) :Rs.1,56,000/- Date and Time of Auction:11-12-2019 between 11 A.M.to 12.00 Noon. with unlimited extension of “10” minutes i.e the end time of e-auction will be extended by “10“ Minutes each time if bid is made within the last 10 Minutes before closure of auction. Last date of submission of bids: 09-12-2019 up to 5 P.M Bid Increment Amount by Rs. 10,000/- Date&Time of inspection of property for intending purchasers: 16-11-2019 between 3 P.M. to 5 P.M Details of encumbrances over the property as known to the Bank :As per Bank Knowledge - Nil The refundable EMD 10% of RESERVE PRICE shall be payable by interested bidders through NEFT/RTGS/Funds Transfer in Account No.523001980050000,IFSC Code.UBIN0552305 or by DD/ Payorder favouring Union Bank of India,Gopalapatnam Branch Payable at Visakhapatnam on or before 09-12-2019 upto 5 P.M. Bidders are advised to visit the Bank’s website www.unionbankofindia.co.in for detailed terms and conditions of E-auction sale and other details before submitting their bids for taking part in the E-auction.Bidder may also visit the website https://ubi.auctiontiger.net of service provider M/s.E-Procurement technologies Limited (AuctionTiger)Ahmedabad Contact No.079-40230811/812/800 Mr.Ravi kumarChukka (Visakhapatnam) Contact No.+918008617666 and 6352490784 EmailID:[email protected] & [email protected] The terms and conditions of sale shall be strictly as per provisions of The Security Interest Rules(Enforcement)Rules,2002.Interested bidders may contact the Branch Manager, Union Bank of India, Gopalapatnam Branch, Visakhapatnam for ascertaining the details of auction and inspection of propety on the date mentioned as above Ph.No:0891-2520739/2502061, EmailID:[email protected] This may also be treated as notice u/r 8(6) of security Interest ( Enforcement) Rules, 2002 to the borrowers/s and guarantor/s of the said loan about the holding of E-Auction sale on the above mentioned date, if their outstanding dues are not repaid in full. Date:25-10-2019, Authorised Officer, Place:Visakhapatnam. Union Bank of India,