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1 आस्ति वसूली शाखा Asset Recovery Branch Door No 26-15-150 Andhra Bank Building Changalraopeta व

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1 आस्ति वसूली शाखा Asset Recovery Branch Door No 26-15-150 Andhra Bank Building Changalraopeta व By Regd. Post with Ack.due आति वसूली शाखा Asset Recovery Branch Door No 26-15-150 Andhra Bank Building Changalraopeta ववशाखप絍टणम VISAKHAPATNAM 530001 Telephone No.0891-2537792 ई मेल email: [email protected] Ref.No.UBI:ARB:SN:151/2020-21 Date: 07.12.2020 To 1) Borrower: Co-obligant/Gurantor: M/s Truwoods Private Limited Mr.Sanjiv Agarwal, Director (Presently Clad Woods Private Limited) D.No. 4-69-27, Main Road, Lawsons Bay Regd Office : 9-19-56/3, Second Floor, Colony,Visakhapatnam-530017 Above Dhanalakshmi Bank Ltd, CBM Co-obligant/Gurantor: Compound, VIP Road,Visakhapatnam- Mr.Thota Gandhi, Director 530003 D.No. 19-27-1, VUDA Colony, Pedagantyada, Plant Address :Door No. 4-90, Gajuwaka, Visakhapatnam-530044 Talarivanipalem Village, Aganampudi, Gajuwaka Mandal,Visakhapatnam-530046 Corporate Guarantor: Corporate Guarantor: M/s Maxworth Plywoods Private Limited M/s Alpine Panels Private Limited Regd Office : 9-19-56/3, Second Floor, Regd Office : D-73, Bangur Avenue, Above Dhanalakshmi Bank Limited, CBM Kolkata, West Bengal-700055 Compound, VIP Road, Visakhapatnam-530003 Local Office : 9-19-56/3, Second Floor, Corporate Guarantor: Above Dhanalakshmi Bank Ltd, CBM M/s Ozurt Systems Private Limited Compound, VIP Road,Visakhapatnam- No.9-29-6,4CD/4D, Mangalagiri Chambers, VIP Road, Siripuram, Visakhapatnam-530003 530003 Dear Sir/Madam, Sub: Notice of 15 days for sale of immovable secured assets under Rule 8 (6)/6(2) of the Security Interest (Enforcement) Rules, 2002. 1.Union Bank of India, Asset Recovery Branch, Visakhapatnam (Erstwhile SARM Branch, Andhra Bank) the secured creditor, caused a demand notice dated 31.08.2017 and amended notice dated 03.10.2017 under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period 1 stipulated, the Authorised Officer has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002. Possession notice dated 16.07.2018 issued by the Authorised Officer, as per Appendix IV to the Security Interest (Enforcement) Rules, 2002 was delivered to you and the same was also affixed to the properties mortgaged with the Secured Creditor, apart from publication of the same in newspapers. Please note that as per the said demand notice you were informed about your right to redeem the property within the time available under Section 13(8) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession of by the Authorised Officer, will be sold by holding public E- auction on 18.01.2021 from 1:00PM to 5:00PM by inviting Bids from the public through online mode on www.mstcecommerce.com. 3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will be conducted through E-Auction mode on the date and time mentioned in the enclosed terms of sale. Yours faithfully, Place : Visakhapatnam Authorised Officer and Chief Manager Date : 07.12.2020 Union Bank of India (erstwhile Andhra Bank) Encl: Terms of sale 2 आति वसलू ी शाखा Asset Recovery Branch Door No 26-15-150 Andhra Bank Building Changalraopeta ववशाखप絍टणम VISAKHAPATNAM 530001 Telephone No.0891-2537792 ई मेल email: [email protected] TERMS AND CONDITIONS OF SALE OF IMMOVABLE/MOVABLE SECURED ASSETS 1. Name and address of the Borrower, Co-Applicant and Guarantor Borrower: Co-obligant/Gurantor: M/s Truwoods Private Limited Company Mr.Sanjiv Agarwal, Director (Presently Clad Woods Private Limited) D.No. 4-69-27, Main Road, Lawsons Bay Regd Office : 9-19-56/3, Second Floor, Above Colony,Visakhapatnam-530017 Dhanalakshmi Bank Ltd, CBM Compound, VIP Co-obligant/Gurantor: Road,Visakhapatnam-530003 Mr.Thota Gandhi, Director Plant Address : Door No.4-90, D.No. 19-27-1, VUDA Colony, Talarivanipalem Village, Aganampudi, Pedagantyada, Gajuwaka, Gajuwaka Mandal,Visakhapatnam-530046 Visakhapatnam-530044 Corporate Guarantor: Corporate Guarantor: M/s Maxworth Plywoods Private Limited M/s Alpine Panels Private Limited Regd Office : 9-19-56/3, Second Floor, Above Regd Office : D-73, Bangur Avenue, Dhanalakshmi Bank Limited, CBM Compound, VIP Kolkata, West Bengal-700055 Road, Visakhapatnam-530003 Local Office : 9-19-56/3, Second Corporate Guarantor: Floor, Above Dhanalakshmi Bank M/s Ozurt Systems Private Limited Ltd, CBM Compound, VIP No.9-29-6,4CD/4D, Mangalagiri Chambers, VIP Road, Siripuram, Visakhapatnam-530003 Road,Visakhapatnam-530003 2. Name and address of the Secured Creditor : Union Bank Of India, Asset Recovery Branch (erstwhile SARM Branch, Andhra Bank), D.No.26-15-150, Andhra Bank Building, Changalraopeta, Town Kotha Road, Visakhapatnam-530001. 3.Description of immovable/movable assets to be sold : Property No.1 : Industrial Land & Building (Factory Shed) with an extent of Ac.1.81 Cents and odd or 0.740 hectares covered by old Sy.No.18/5, New Survey No.14/4,5,6,Patta No.6 situated in Talarivanipalem Village, Aganampudi Panchayat, Anakapalli to Duvvada Railway Station Road, Gajuwaka Mandal, Visakhapatnam-530046 in the name of M/s Truwoods Private Limited. (Property description as specified in the Sale Deed Doc.No.2974/1998 dated 04.12.1998) Boundaries (As per document) : East : Government banjar land thereafter Duvvada to Aganampudi Road West : Dry Land of Talari Kanayya North : Dry Land partly covered by Sy.No.8 and partly banjar land of Duvvada village South : Dry Land of Sy.No.14/7 3 Property2: Plant & Machinery situated in the unit at Talarivanipalem Village, Aganampudi Panchayat, Anakapalli, to Duvvada Railway Station Road, Gajuwaka Mandal, Visakhapatnam- 530046 in the name of M/s Truwoods Private Limited. Details of Plant & Machinery : (1)Peeling Machine 8’-1 No. (2) Auto Clipper-2 Nos. (3) E.O.T. Crane-1Ton & 3 Ton-2 Nos. (4) Log Pulling Winch-1 No. (5) Chain Saw Machine-2 Nos. (6) Knife Grinder Machine 1 No. (7) 4’ Peeling Machine-1 No. (8) 4’ Imported Spindle less Peeling Machine–1 No. (9) Veneer Drier–2 Nos. (10) Jointer Machine-1 No. (11) Thermic fluid heater boiler with pipeline (12) Thermic Oil Ltrs Cap-LS (13) Chimney-1 No. (14) Precision Guilothine Jointers-2 Nos. (15) Veneer Splicing Machines-3 Nos. (16) Pedal Choppers-6 Nos. (17) Generator-250KVA, Make: CAT–1 No. (18) Generator-125KVA–1 No. (19) Hot Press 12 Lights–2Nos. (20) Hydraulic Scissors Lift–4 Nos. (21) Glue Mixers–2 Nos. (22) Glue Speaders-3 Nos. (23) Double dimension automatic chain cutter -2 Nos. (24) Wide Belt Sander–2 Nos. (25) Narrow manual belt sander-2 Nos. (26) Dust & Air pollution control system–1 Lot (27) 2.5Mt SS Glue Kettle- 1 No. (28) Chemical storing tanks–4 Nos. (29) Laboratory Equipment-1 Lot (30) Tensile Testing Machine–2 Nos. (31) Material handling trolleys–32 Nos. (32) Axial Flow Cooling Stand – 5Nos. (33) Aluminium Plates cooling stand-5 Nos. (34) Aluminum Plates-80 Nos. (35) Cable electrical panel boards (36) Transformer-250 KVA (37) Automatic Power Factor Controller (38) Chemical tank with lines-5 Nos. (39) Chemical Lamination Machine – 1No. (40) Material Handling Rack–21 Nos. (41) Vacuum Pressure Impregnation-1 No. (42) Misc.Tools & Accessories (43) Composing & Finishing steel table–12 Nos. (44) Water supply lines & over head tank (45) Surface Planer–1 No. (46) Paper cutting Machine–1 No. (47) Lamination Machine–1 No. (48) Mobile Crane, Make: ACE, No: AP31CU 3506-1 No. (49) Air Compressor-2 Nos. (50) 4’ imported Spindle Less Peeling Machine–1No. (51) Hot Press 1 day light 10’ * 4’ – 1No. (52) Edge Joining Machine-4’–2Nos. (53) Edge Joining Machine-8’–1 No. (54) Cutting Machine Casati–1No. (55) SS Tank with lines-10’ * 5’-12 Nos. (56) Core Treatment SS Tanks – 2 Nos. (57) Veneer Treatment SS tank-3 Nos. (58) Hot Press Dryer30 Daylight-1 No. (59) Hot Press Dryer 15 daylight-1 No. (60) Generator-1 No. (61) Factory Lighting and Cables–Lot (62) Scrap Material- Lot Property 3: Non Agricultural Lands covered by Sy.Nos. 5/4, 5/10, 5/11, 5/12,5/13,5/26 belonging to M/s Truwoods Pvt. Ltd. admeasuring Ac 0.55 cents (2662.00 sq.yds) situated at Talarivanipalem Village, Aganampudi, Gajuwaka Mandal,Visakhapatnam Sale Deed No. Date of Deed Sy. No. Ac. Cts. 714/2002 16.03.2002 5/26 0.11 2732/2002 09.08.2002 5/4,5/10,5/11,5/12 0.30 3842/2002 23.10.2002 5/13 0.14 1)Boundaries as per Document No.714/2002 in Sy.No. 5/26 ( Ac. 0.11 cents) East : Land belongs to Bondapalli Sanyasi & others wet land West : Land belongs to Talari Demudu, Appalanaidu and others wet land North : Remaining land of Talari Pydiyya and others South : Hill Stream cum Gorge 2)Sale Deed Doc. No. 2732/2002 dated 09.08.2002 (0.30cents): a)Boundaries in Sy.No. 5/4 ( Ac. 0.14 cents) East : Land in Sy.No. 5/5,13 West : Land in Sy.No. 5/2,16,17 North : Land in Sy.No. 5/3 South : Land in Sy.No.5/15 4 b)Boundaries in S.No. 5/10 ( Ac. 0.10 cents) East : Land in Sy.No. 6/11 West : Land in Sy.No. 5/13 North : Land in Sy.No.
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