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Kirlampudi Layout Branch, Door No-7-1-75, Ground Floor, Chinna Waltair Main Road, Visakhapatnam-530017, Andhra Pradesh

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Kirlampudi Layout Branch, Door No-7-1-75, Ground Floor, Chinna Waltair Main Road, Visakhapatnam-530017, Andhra Pradesh Kirlampudi Layout Branch, Door No-7-1-75, Ground Floor, Chinna Waltair Main Road, Visakhapatnam-530017, Andhra Pradesh. Phone: - 0891-2793544, E Mail: - [email protected] Date: 15.05.2019 E-AUCTION SALE NOTICE ------------------------------------------------------------------------------------------------- (Issued Under Provision 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 Secured Creditor, will be sold on ‘’ As is Where is’’, ‘’ As is what is’’ and ‘’Whatever there is’’ on 07.06.2019 for recovery of Rs.12,63,74,712/- on 30.04.2019 with further interests and costs due to the IOB Secured creditor from 1 M/S ISR INFRA PVT LTD, Borrower. Door No.50-96-4/7, Flat No-2B, Sai Ratneswar Residency, Seethamadhara, 530013. 2 IDUPULAPATI SRINIVASA RAO Director 1/Guarantor. S/O. Radha Krishna Murthy, Door No-53-16-1/2, Flat No-501, Happy Homes, KRM Colony, Visakhapatnam-530013. 3 IDUPULAPATI MADHAVI Director 2/Guarantor. W/O. Idupulapati Srinivasa Rao, Door No-53-16-1/2, Flat No-501, Happy Homes, KRM Colony, Visakhapatnam- 530013. The Reserve price will be: Property No-1 : 5,07,50,000/- ; Property No-2 : 5,36,72,000/- Property No-3 : 4,90,74,000/- ; Property No-4 : 6,18,34,000/- . Earnest Money Deposit will be: Property No-1 : Rs.50,75,000/- ; Property No-2 : Rs.53,67,200/- ; Property No-3 :Rs.49,07,400/- ; Property No-4 : Rs.61,83,400/- Description of the Properties Sl No Property Owned by Particulars of Security 1 M/S. Isr Infra Projects (p) Equitable mortgage followed by Registration of memorandum of LTD, Rep by its MD Sri. deposit of title deeds relating to industrial cum Residential land, Idupulapati Srinivasa Rao. building & sheds under GVMC limit in the extent of 2844 sq yds along with 3825 S.Ft ACC shed covered by S.No-159/1, 1152/2 & 3 at D NO. 5-53, S. No.159/1, 115/2 & 3 patta no. 228, 288, 233, 197, 49, 230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village, Madhurawada sub-registry, Visakhapatnam, standing in the name of M/S.Isr Infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundaries of the Property:- North:- Rasta (land in S.NO.117) South:- Land Belongs to Hyderabad Bhaskar Rao. East:- 40 feet wide Road. West:- site belongs to sri. syed Mansur. 2 M/S. Isr Infra Projects (p) Equitable Mortgage followed by Registration of memorandum of LTD, Rep by its MD. Sri deposit of title deeds relating to industrial cum Residential vacant Idupulapati Srinivasa Rao. land under GVMC limit in the extent of 3059 sq yds covered by at D.No.5-53, S.No. 159/1, 115/2 & 3, patta No. 228, 288, 233,197, 49,230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village , madhurawada sub-registry, Visakhapatnam, standing in the name of M/S. Isr infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundary of the property:- North:-Rasta (Land in SNo.-117). South:-Land Belongs to Hyderabad Bhaskar Rao. East:- Site belongs to smt. Asifa Begam. West:- Gedda 3 M/S. Isr Infra Projects (p) Equitable mortgage followed by Registration of memorandum of LTD, Rep by its MD. Sri. deposit of title deeds relating to vacant land in the extent of Idupulapati Srinivasa Rao. 6146.8 sq yds covered by sy no.141/3A, ward No-8,southern Road to Gidijala near D.No.8-110 of kothavalasa panchayat, kothavalasa sub-registry, Vizianagaram District,standing in the name of M/S Isr infra projects pvt ltd Rep by its MD. I Srinivasa Rao. Boundary of the property:- North:- Kothavalasa to Vizianagaram Road leads from Gidijala. South:-Land belongs to Sri Gorapalli family. East:-Veerasagaram Gedda. West:-Dry Land in S.No.141/2A. 4 M/S.Isr Infra Projects (p) Equitable mortgage followed by Registration of memorandum of LTD, Rep by its MD. deposit of title deeds relating to vacant land in the extent of 7744 Idupulapati Srinivasa Rao. sq yds covered by sy no.141/1A of kothavalasa, word no-8, Dadas up to ZP High School near D.No.8-110, Kothavaasa panchayat, kothavalasa sub-registry, Vizianagaram District, standing in the name of M/S. ISR Infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundary of the Property:- North:- Kothavalasa to Vizianagaram road leads from Gidijala. South:- Dry Land of Gorapalli Family. East:- Dry Land in SNO.141/2A. West: - Kothavalasa to Vizianagaram Road. Place: Visakhapatnam Authorized Officer Date: 15.05.2019 Indian Overseas Bank. Kirlampudi Layout Branch, Door No-7-1-75, Ground Floor, Chinna Waltair Main Road, Visakhapatnam-530017, Andhra Pradesh. Phone: - 0891-2793544, E Mail:- [email protected] Date: 15.05.2019 ANNEXURE II E – AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRU8CTION OF FINANCIAL ASSETS AND ENFORCMENT OF SECURITY INTEREST ACT, 2002 Whereas M/s ISR Infra Pvt Ltd, Rep by its directors 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 07.08.2017 calling upon the borrower, Guarantors , Directors and Mortgagers, 1 M/S ISR INFRA PVT LTD, Borrower / Mortgagor Door No.50-96-4/7, Flat No-2B, Sai Ratneswar Residency, Seethamadhara, 530013. 2 IDUPULAPATI SRINIVASA RAO Director 1/Guarantor. S/O. Radha Krishna Murthy, Door No-53-16-1/2, Flat No-501, Happy Homes, KRM Colony, Visakhapatnam-530013. 3 IDUPULAPATI MADHAVI Director 2/Guarantor. W/O. Idupulapati Srinivasa Rao, Door No-53-16-1/2, Flat No-501, Happy Homes, KRM Colony, Visakhapatnam- 530013. to pay the amount due to the bank, being Rs. 10,65,61,722.64/- (Rupees Ten crores sixty five lakhs sixty one thousands seven hundred twenty two and paisa sixty four only) as on date of 31.07.2017 together with further interest, costs and expenses with 60 days from the date of receipt the said notice. Whereas the borrowers and the Guarantors and directors 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 23.10.2017 to the secured asset more fully described in the schedule here 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.10, 99, 51,839/- (Rupees Ten Crore Ninty Nine Lakhs Fifty One Thousand Eight Hundred and thirty Nine only) 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 works out to Rs.12,63,74,712/- on 30.04.2019 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. Description of the Properties Sl No Property Owned by Particulars of Security 1 M/S. Isr Infra Projects (p) Equitable mortgage followed by Registration of memorandum of LTD, Rep by its MD Sri. deposit of title deeds relating to industrial cum Residential land, Idupulapati Srinivasa Rao. building & sheds under GVMC limit in the extent of 2844 sq yds along with 3825 S.Ft ACC shed covered by S.No-159/1, 1152/2 & 3 at D NO. 5-53, S. No.159/1, 115/2 & 3 patta no. 228, 288, 233, 197, 49, 230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village, Madhurawada sub-registry, Visakhapatnam, standing in the name of M/S.Isr Infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundaries of the Property:- North:- Rasta (land in S.NO.117) South:- Land Belongs to Hyderabad Bhaskar Rao. East:- 40 feet wide Road. West:- site belongs to sri. syed Mansur. 2 M/S. Isr Infra Projects (p) Equitable Mortgage followed by Registration of memorandum of LTD, Rep by its MD. Sri deposit of title deeds relating to industrial cum Residential vacant Idupulapati Srinivasa Rao. land under GVMC limit in the extent of 3059 sq yds covered by at D.No.5-53, S.No. 159/1, 115/2 & 3, patta No. 228, 288, 233,197, 49,230, 235, 37, 27, 52, & 13, Marikavalasa, paradesipalem village , madhurawada sub-registry, Visakhapatnam, standing in the name of M/S. Isr infra projects pvt ltd rep by its MD. I Srinivasa Rao. Boundary of the property:- North:-Rasta (Land in SNo.-117). South:-Land Belongs to Hyderabad Bhaskar Rao. East:- Site belongs to smt. Asifa Begam. West:- Gedda 3 M/S. Isr Infra Projects (p) Equitable mortgage followed by Registration of memorandum of LTD, Rep by its MD. Sri. deposit of title deeds relating to vacant land in the extent of Idupulapati Srinivasa Rao.
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