11-11-6/2, Nookalamma Temple Road Fax No

11-11-6/2, Nookalamma Temple Road Fax No. 0884-2375978 Ramarao Pet , Kakinada-533 004 E-Mail : [email protected] East Godavari Dist. , A. P IFSC Code: IOBA0000031 Ph.Nos.884-2375978, 2376256 Date: 08.02.2019 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 physical 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 12.03.2019 for recovery of Rs.75,48,482/- as on 08.02.2019 with further interests and costs)due to the IOB Secured creditor from 1. Shri Pedireddy Srinivasa Kumar S/O Venkata Rao (Borrower / Mortgagor), 2. Sri Thondapu Suryanarayana Reddy, s/o Venkataramayya (Borrower / Mortgagor),. The reserve price will be: Rs.2,61,15, 000/- (Rupees Two Crore Sixty One Lakhs Fifteen Thousand Only) Earnest Money Deposit will be: Rs.26,11,500/- (Rupees Twenty Six Lakhs Eleven thousand Five Hundred Only) DESCRIPTION OF THE IMMOVABLE PROPERTY S.N Property Description of the Property o Owned By Item no:1 Property covered under Registered Sale deed dt: 18-04-2002 vide 1 doc regd No: 624/2002. East Godavari District, Biccavolu Mandal, Biccavolu Sub-Registry, Biccavolu Grampanchayat, Bicccavolu Village Zirayoti dry land in R.S. No.53-4 to an extent of Ac 0.33 cents or 0.134 hectares out of total extent of Ac.4.78 cents Bounded by: East : Remaining Land of Vanga Vivekananda Reddy in Survey number Sri P herein Srinivasa West : Land of Peddireddy Srinivasa Kumar purchased from Tadi Kumar Venkateswara Reddy North : Land of Peddireddy Srinivasa Kumar purchased from Vanga Swathi South : Land of Gollapalli Subbayamma

Within the above boundaries after deducting undivided 1/10 th area i.e. Ac.0.297 cents only. 2 Item no:2 covered under Registered Sale deed dt: 18-04-2002 vide doc regd No: 626/2002

East Godavari District, Biccavolu Mandal, Biccavolu Sub-Registry, Biccavolu Grampanchayat, Bicccavolu Village Zirayoti dry land in R.S. No.53-4 to an extent of Ac 0.05 ½ cents or 0.022 hectares out of total extent of Ac.4.78 cents bounded by:

East : Land of Vanga Veera Venkata Lakshmi Kumari in the same Survey number. . West : Land of Peddireddy Srinivasa Kumar purchased from Tadi Venkateswara Reddy North : Land of Narla Satti Rambabu South : Land of Pedireddy Srinivasa Kumar sold by Vanga Swathi

Within the above boundaries after deducting undivided 1/10 th area i.e. Ac.0.045 cents only.

3 Item no:3 covered under Registered Sale deed dt: 18-04-2002 vide doc regd No: 633/2002

East : Land of Peddireddy Srinivasa Kumar purchase from Vanga Vivekananda Reddy West : Remaining land of Tadi Venkateswara Reddy North : Land of Narla Satti Rambabu South : Land of Gollapalli Subbayamma.

Within the above boundaries after deducting undivided 1/10 th area i.e. Ac.0.657 cents only Out of total of two items i.e., to Ac.0.73 cents or 0.296 hectares Item no:4 covered under Registered Sale deed dt: 13-05-2002 vide doc regd No: 758/2002 .

Property owner. Sri T S N Reddy

East Godavari District, Biccavolu Mandal, Biccavolu Sub-Registry, Biccavolu Grampanchayati, Bicccavolu Village Zirayoti dry land in i)R.S. No.53-4 to an extent of Ac 0.33 cents the 1/10th share in Ac.0.33 cents on the Northern side of Ac.0.49 cents on the western side in Ac.1.20 cents, on the Southern side out of ac.1.70 cents on the southern side of total extent of Ac.4.78 cents. ii) R.S. No.53-4 to an extent of Ac 0.55 cents the 1/10th share in Ac.0.05 1/2 cents on the Southern side of Ac.1.30 cents on the western side in Ac.3.08 cents, which is on the Northern side out of total extent of Ac.4.78 cents. iii) R.S. No. 53/4, to an extent of Ac 0.21 cents on the southern side of Ac 1.70 northern side Ac 0.50 out of total extent of Ac 4.78 cents. iv) R.S. No.55-2 to an extent of Ac 0.005 cents the 1/10th share in Ac.0.05 cents on the Southern side of Ac.0.14 cents on the North West corner out of total extent of Ac.1.40 cents. v) R.S. No.55-3 to an extent of Ac 0.068 cents the 1/10th share in Ac.0.68 cents in the middle of Ac.2.81 cents which is on the Northern side out of total extent of Ac.5.70 cents. Making total Undivided Ac.1.32 1/2 cents in single bit on which 1/10th portion of undivided Ac 0.13 1/4 or 0.053 hectares making a total of 5 items bounded by:

East : Land of Vanga Vivekananda Reddy, Vanga Swathi, vanga Veera Venkata Lakshmi Kumari. West : Land of Tadi Venkateswara Reddy North : Land of Narla Satti Rambabu South : Land of Gollapalli Subbayamma All the five items making total extent of Ac 1.32 ½ cents together with Commercial Godown.

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 : 884-2375978, 2376256 OR CELL : 98709-74759;

Date: 08.02.2019 Place: Kakinada Authorized Officer

E-AUCTION SALE NOTICE (Issued under Rule 9(1) of the Security Interest (Enforcement) Rules2002) SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002

Whereas Shri Pedireddy Srinivasa Kumar S/O Venkata Rao and Sri Thondapu Suryanarayana Reddy, s/o Venkataramayya have borrowed monies from Indian overseas Bank against the mortgage of the immovable properties more fully described in the schedule here under and upon classification of the account as NPA, the Bank has issued a demand notice under section 13(2) of the SARFAESI Act, 2002 on 08.08.2018 calling upon the borrowers Sh Pedireddy Srinivasa Kumar S/O Sh Venkata Rao, D No. 70-7-2/9C, RR Nagar, Road No:.2, Kakinada, East Godavari District-533005, 2. Sri Thondapu Suryanarayana Reddy, s/o Venkataramayya, Brundavan Apartments, Near Aditya College, Sri Nagar, Kakinada-533003, East Godavari Dist and the guarantors 1. Sri Narla Sathi Rambabu, S/o Satyanarayana, D No. 3-27, Vendra, Pedapudi Mandal, East Godavari dist – 533 344to pay the amount due to the bank, being Rs 70,01,944/- with further interest and 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 28.11.2018 and has taken symbolic possession of the secured asset more fully described in the schedule hereunder on 28.11.2018 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 Rs73,26,424/- 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 08.02.2019 is Rs.75,48,482/-, 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 on “As is where is” and “As is what is” condition:

DESCRIPTION OF THE IMMOVABLE PROPERTY S.N Property Description of the Property o Owned By Item no:1 Property covered under Registered Sale deed dt: 18-04-2002 vide 1 doc regd No: 624/2002. East Godavari District, Biccavolu Mandal, Biccavolu Sub-Registry, Biccavolu Grampanchayat, Bicccavolu Village Zirayoti dry land in R.S. No.53-4 to an extent of Ac 0.33 cents or 0.134 hectares out of total extent of Ac.4.78 cents Bounded by: East : Remaining Land of Vanga Vivekananda Reddy in Survey number herein West : Land of Peddireddy Srinivasa Kumar purchased from Tadi Venkateswara Reddy North : Land of Peddireddy Srinivasa Kumar purchased from Vanga Swathi South : Land of Gollapalli Subbayamma

Within the above boundaries after deducting undivided 1/10 th area i.e. Ac.0.297 cents only.

2 Item no:2 covered under Registered Sale deed dt: 18-04-2002 vide doc regd No: 626/2002 East Godavari District, Biccavolu Mandal, Biccavolu Sub-Registry, Biccavolu Grampanchayat, Bicccavolu Village Zirayoti dry land in R.S. No.53-4 to an extent of Ac 0.05 ½ cents or 0.022 hectares out of total extent of Ac.4.78 cents bounded by: Sri P East : Land of Vanga Veera Venkata Lakshmi Kumari in the same Srinivasa Survey number. . Kumar West : Land of Peddireddy Srinivasa Kumar purchased from Tadi Venkateswara Reddy North : Land of Narla Satti Rambabu South : Land of Pedireddy Srinivasa Kumar sold by Vanga Swathi Within the above boundaries after deducting undivided 1/10 th area i.e. Ac.0.045 cents only. 3 Item no:3 covered under Registered Sale deed dt: 18-04-2002 vide doc regd No: 633/2002

East Godavari District, Biccavolu Mandal, Biccavolu Sub-Registry, Biccavolu Grampanchayati, Bicccavolu Village Zirayoti dry land in R.S. No.55-2 to an extent of Ac 0.05 cents (item No;i) Southern side in Ac.0.14 cents North West corner out of total extent of Ac.1.40 cents and land in R.S. No.55-3 to an extent of Ac 0.68 cents (item No;ii) In middle of Ac.2.81 cents Northern side out of total extent of Ac.5.70 cents bounded by: East : Land of Peddireddy Srinivasa Kumar purchase from Vanga Vivekananda Reddy West : Remaining land of Tadi Venkateswara Reddy North : Land of Narla Satti Rambabu South : Land of Gollapalli Subbayamma.

Date and time of e – 12.03.2019 between 10 AM and 12.00 Noon with auto extension of 5 auction minutes each till sale is completed.

Reserve Price Rs.2,61,15, 000/- (Rupees Two Crore Sixty One Lakhs Fifteen Thousand Only) Earnest Money Deposit Rs.26,11,500/- (Rupees Twenty Six Lakhs Eleven thousand Five Hundred Only) EMD Remittance Deposit through EFT/NEFT/RTGS transfer in favour of Authorised Officer SARFAESI E –Auction to the credit of Current Account no. 003102000000108,, IFSC code IOBA0000031, Branch address: Indian Overseas Bank, Kakinada Branch, Nookalamma Temple Road Ramarao Pet, Kakinada-533004, East Godavari Dist. A. P.

Bid Multiplier Rs. 50,000/-

Inspection of property From 09.02.2019 onwards from 10 AM to 2 PM

Submission of online From 09.02.2019 onwards application for bid with EMD Last date for submission 08.03.2019 of online application for BID with EMD

Known Encumbrance if Nil any

*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)

Place : Kakinada Authorized Officer Date : 08.02.2019 Indian Overseas Bank.

Terms and Conditions

1. The property will be sold by e-auction through the Bank’s approved service provider M/s. e-Procurement Technlogies 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. Ravikumar 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 favour 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 Senior Manager, Indian Overseas Bank, Dental College, Eluru Branch, during office hours Phone No. 0884-2375978, 2376256 or Chief Manager , Cell No. 98709-74759 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 : Kakinada Date : 08.02.2019. AUTHORISED OFFICER.