फोन Phone : 0891-2567546 : 0891-2793544 इण्डियन ओवरसीज़ बℂक फै啍स Fax : 0891-2526982 Indian Overseas Bank ई-मेल E-Mail: [email protected] ई-मेल E-Mail: [email protected] आण्ति वसूली प्रबंधन शाखा, #48-14-111, श्री ननत्या का륍पलै啍स, ववशाखप絍टणम - 530013 Asset Recovery Management Branch, #48-14-111, Sri Nitya Complex, Visakhapatnam – 530013 ए.आर.एम.बी ARMB/ /2019-20 दिनांक Date: 30.07.2019 ANNEXURE I SALE NOTICE OF IMMOVABLE SECURED ASSETS (Issued under Rule 8(6)/9(1) of the Security Interest (Enforcement) Rules2002) To 1. M/s Sri Venkateswara Steel Enterprises Prop : Sri Pakki Srinivasa Rao, F.No-FF2, Viceroy Villa, Lalitha Colony, Dabagardens, Visakhapatnam-530016. (Or) Sri Pakki Srinivasa Rao s/o Syamsundar Rao Proprietor of M/s Sri Venkateswara Steel Enterprises C/o Pyla Venkata ramana, Asst.No-5/7, Dolapeta, opp Dowkala Mill, Denkada Mandal, Vizianagaram Dist. (Or) Sri Pakki Srinivasa Rao s/o Syamsundar Rao Proprietor of M/s Sri Venkateswara Steel Enterprises C/o B Satyanarayana, Akkanna Agraharam, Adavaram Post, Laxmipuram Panchayat, Residi Mandal, Vizianagaram Dist. ...… Borrower 2. Sri Pakki Srinivasa Rao s/o Syamsundar Rao D.No-32-2-63, Nathayyapalem, Visakhapatna - 12. …… Guarantor 3. Smt Pakki Vijayalaxmi s/o Syamsundar Rao D.No-32-2-63, Nathayyapalem, Visakhapatna - 12. …… Guarantor Sir, 1. This has reference to recovery actions initiated against you under the provisions of the SARFAESI Act 2002. 2. Please refer to the possession notices dated.14.03.2014 issued to you regarding taking possession of the secured asset at more fully described in the schedule below and the publication of the said possession notices in the Business line and The Enadu on 19.03.2014 by the undersigned for the purpose of realization of the secured asset in exercise of the powers conferred on the bank as secured creditor under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the rules there under. 3. You, the above mentioned Borrower / mortgagor and guarantors have failed to pay the dues in full save after issuance of demand notice dated 07.11.2013. Hence it is proposed to sell the secured assets mentioned in the Schedule below on “as is where is” and “as is what is” condition under section 13(4) of the Act read with Rules 8 of the Security Interest (Enforcement) Rules, 2002. 4. After appropriating the aforesaid repayments, the dues in the loan accounts as on 30.07.2019 are Rs.55,06,591/- (Rupees Fifty Five Lakhs Lakhs Six Thousand Five Hundred and Ninty One Only)along with further interest at contractual rates and rests, besides costs plus actual expenses made for property maintenance. 5. We hereby give you notice of 15 days that the below mentioned secured asset shall be sold by the undersigned on 19.08.2019 between 10.00 A.M to 12.00 P.M. with auto extension of 5 minutes through E – auction using (https://iob.auctiontiger.net). 6. A copy of the E-auction notice inviting offers for e-auction setting out the terms & conditions of sale such as particulars of the secured asset, the dues of the Bank, reserve price, earnest money deposit, date and time fixed for inspection, last date for submission of offers and date, time of sale etc is enclosed for your ready information. Please also be advised that the said sale notice will also be published in two news papers shortly of which one is in vernacular. A copy of the proposed paper publication is also enclosed. DESCRIPTION OF IMMOVABLE PROPERTY Property No-1: (Property owned by Sri P. Srinivasa Rao s/o Syamsundar Rao) (Property covered by Document No. 1662/2009 dated 05.09.2009 with SRO Pendurthi) Vacant site admeasuring 242 Sq.Yards along with all easement and passage rights in S.No-89/4 situated at Valimeraka Village and Panchayat, Pendurthi Mandal, with on the registration sub Districr Lankelapalem, Visakhapatnam Dist and is bounded by East: Land belongs to P Ramesh ; West: Road North: Land sold by S Pentayya to others ; South: Road Property No-2: (Property owned by Sri P Vijayalaxmi w/o P Srinivasa Rao) (Property covered by Document No. 2621/2012 dated 13.06.2012 with SRO Lankelapalem) Vacant site admeasuring 360 Sq.Yards along with all easement and passage rights in S.No-194/30 &194/32, L.P No-3/2007, situated at Desapatruni Palem Village and Panchayat, Parawada Mandal, Lankelapalem Sub Registration, with in the GVMC limits, Visakhapatnam Dist and is bounded by East: Land belongs to Vendor ; West: 40 Ft wide Road NorthPlot No-137 ; South: 40 Ft wide Road Place: Visakhapatnam Authorized Officer Date: 30.07.2019 Indian Overseas Bank. फोन Phone : 0891-2567546 : 0891-2793544 इण्डियन ओवरसीज़ बℂक फै啍स Fax : 0891-2526982 Indian Overseas Bank ई-मेल E-Mail : [email protected] ई-मेल E-Mail : [email protected] आण्ति वसूली प्रबंधन शाखा, #48-14-111, श्री ननत्या का륍पलै啍स, ववशाखप絍टणम - 530013 Asset Recovery Management Branch, #48-14-111, Sri Nitya Complex, Visakhapatnam – 530013 ए.आर.एम.बी ARMB/ /2019-20 दिनांक Date: 30.07.2019 INTENTION TO SALE NOTICE (Under Provision to Rule 8(6)/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 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 as Secured Creditor, will be sold on ‘’ As is Where is’’, ‘’ As is what is’’ and ‘’Whatever there is’’ condition on 19.08.2019 for recovery of Rs.55,06,591/- (Rupees Fifty Five Lakhs Lakhs Six Thousand Five Hundred and Ninty One Only)with further interest and costs due to the Indian Overseas Bank as Secured creditor from M/s Sri Venkateswara Steel Enterprises Prop : Sri Pakki Srinivasa Rao, F.No-FF2, Viceroy Villa, Lalitha Colony, Dabagardens, Visakhapatnam-530016 (Borrower) and the reserve price will be Rs.5,81,000/- for Property No-1, Rs.13,77,000/- for Property No-2 and the EMD will be Rs.58,100/- for Property No-1, Rs.1,37,700/- for Property No-2 (Description of the Immovable property with known encumbrances, if any) Property No-1: (Property owned by Sri P. Srinivasa Rao s/o Syamsundar Rao) (Property covered by Document No. 1662/2009 dated 05.09.2009 with SRO Pendurthi) Vacant site admeasuring 242 Sq.Yards along with all easement and passage rights in S.No-89/4 situated at Valimeraka Village and Panchayat, Pendurthi Mandal, with on the registration sub Districr Lankelapalem, Visakhapatnam Dist and is bounded by East: Land belongs to P Ramesh ; West: Road North: Land sold by S Pentayya to others ; South: Road Property No-2: (Property owned by Sri P Vijayalaxmi w/o P Srinivasa Rao) (Property covered by Document No. 2621/2012 dated 13.06.2012 with SRO Lankelapalem) Vacant site admeasuring 360 Sq.Yards along with all easement and passage rights in S.No-194/30 &194/32, L.P No-3/2007, situated at Desapatruni Palem Village and Panchayat, Parawada Mandal, Lankelapalem Sub Registration, with in the GVMC limits, Visakhapatnam Dist and is bounded by East: Land belongs to Vendor; West: 40 Ft wide Road NorthPlot No-137 ; South: 40 Ft wide Road Date: 30.07.2019 Place: Visakhapatnam Authorized Officer. फोन Phone : 0891-2567546 : 08942-221870 इण्डियन ओवरसीज़ बℂक फै啍स Fax : 0891-2526982 Indian Overseas Bank ई-मेल E-Mail: [email protected] ई-मेल E-Mail: [email protected] आण्ति वसूली प्रबंधन शाखा, #48-14-111, श्री ननत्या का륍पलै啍स, ववशाखप絍टणम - 530013 Asset Recovery Management Branch, #48-14-111, Sri Nitya Complex, Visakhapatnam – 530013 ए.आर.एम.बी ARMB/ /2019-20 दिनांक Date: 30.07.2019 ANNEXURE II E-AUCTION SALE NOTICE SALE OF IMMOVABLE PROPERTY MORTGAGED TO THE BANK UNDER THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Whereas M/s Sri Venkateswara Steel Enterprises Prop : Sri Pakki Srinivasa Rao 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 07.11.2013 calling upon the borrower 1. M/s Sri Venkateswara Steel Enterprises Prop : Sri Pakki Srinivasa Rao, F.No-FF2, Viceroy Villa, Lalitha Colony, Dabagardens, Visakhapatnam-530016 (Or) Sri Pakki Srinivasa Rao s/o Syamsundar Rao Proprietor of M/s Sri Venkateswara Steel Enterprises C/o Pyla Venkata ramana, Asst.No-5/7, Dolapeta, opp Dowkala Mill, Denkada Mandal, Vizianagaram Dist (Or) Sri Pakki Srinivasa Rao s/o Syamsundar Rao Proprietor of M/s Sri Venkateswara Steel Enterprises C/o B Satyanarayana, Akkanna Agraharam, Adavaram Post, Laxmipuram Panchayat, Residi Mandal, Vizianagaram Dist ( Borrower),2. Sri Pakki Srinivasa Rao s/o Syamsundar Rao, D.No-32-2-63,Nathayyapalem, Visakhapatna – 12 (Guarantor), 3. Smt Pakki Vijayalaxmi s/o Syamsundar Rao D.No-32-2-63, Nathayyapalem, Visakhapatna – 12 (Guarantor) to pay the amount due to the bank, being Rs. 22,07,029/-(Rupees Twenty Two Lakhs Seven thousand and Twenty Nine Only) with further interest and costs, and expenses within 60 days from the date of the said notice.