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.1,07,07,006/- (dues as on 08.02.2019) with further interests and costs)due to the IOB Secured creditor from Late Sri.Gollapalli Apparao (Borrower / Mortgagor),. The reserve price will be: Rs.2,33,00,000/- (Rupees Two Crore Thirty Three Lakhs Only) Earnest Money Deposit will be: Rs.23,30,000/- (Rupees Twenty Three Lakhs Thirty Thousand Only) DESCRIPTION OF THE IMMOVABLE PROPERTY Property S.No Description of the Property Owned By Item no:1 covered under Registered Sale deed dt: 18-04-2002 vide doc 1 regd No: 630/2002 East Godavari District, Biccavolu Mandal, Biccavolu Sub Registry, Biccavolu Gram Panchauyat, Biccavolu Village, Zeroyathi Dry Land covered by Rs No: 55/3 an extent of Ac 0.96 (item no.