Stressed Asset Management Branch Flat No.104, 1sr Floor H.No.6-3-639/640/642 Golden Edifice Complex Khairathabad Hyderabad – 500 004 Tel: 040-23322157 E mail: [email protected] E –Auction sale notice under SARFAESI Act 2002 * Sale of immovable assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the Act). Notice is hereby given to the public in general and to the Borrower/s and Guarantor/s in particular that the under mentioned property mortgaged to Syndicate Bank, the possession of which had been taken by the Authorised Officer of the Bank under Section 13(4) of the Act will be sold by E- Auction as mentioned below for recovery of under mentioned dues and applicable interest, charges and costs etc as detailed below. The property described below is being sold on “AS IS WHERE IS, WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” under the rule no. 8 & 9 of the Security Interest (Enforcement) Rules (hereinafter referred to as the rules) for the recovery of the dues detailed as under: Borrower: Guarantors/Mortgagors: M/s Sri Priyanka Raw and Boiled Rice Mill 1. Sri Pidaparthi Bala Bhaskar Reddy Plot No. 303, 304, 309 & 310 Plot No.303,304,309 & 310 APIIC Growth Centre, Gundlapalli APIIC Growth Centre, Gundlapalli Maddipadu Mandal, Prakasam District. Maddipadu Mandal, Prakasam District. And Rep. By Partners: Sri Pidaparthi Bala Bhaskar Reddy 1.Sri Pidaparthi Bala Bhaskar Reddy S/o Ramachandra Reddy S/o Ramachandra Reddy H.No.6-318 (C), Sri Saibaba Nagar H No 6-318(C), Sri Saibaba Nagar Kurnool Road Kurnool Road Ongole Ongole, Prakasam Dist Prakasam District Page 1 of 8 2.Smt Pidaparthi Pavani W/o Pidaparthi Bala Bhaskar Reddy 2. Smt. Pidaparthi Pavani H No 6-318(C), Sri Saibaba Nagar Propritrix of M/s Priyanka Brick Industries Kurnool Road Plot No.303,304,309 & 310 Ongole, Prakasam Dist APIIC Growth Centre, Gundlapalli Maddipadu Mandal, Prakasam District. And Smt. Pidaparthi Pavani Propritrix of M/s Priyanka Brick Industries W/o P. Bala Bhaskar Reddy H.No. 6-318 (C), Sri Saibaba Nagar Kurnool Road Ongole Prakasam District Rs. 15,49,79,260.75 (Rs fifteen crore forty nine lakhs The total amount due as on 30/06/2019 seventy nine thousand two hundred sixty and paisa seventy five only)with future costs and interest and costs there on The Reserve Price and the earnest money deposit are mentioned hereunder. Description of the Properties: Sr.No. Description of the Immovable properties: (Name Reserve Price (in EMD of the owner/Mortgager to mentioned) with Rupees) boundaries 1. Property owned by Sri.Pidaparthi Rs 3,67,00,000/- Rs. 36,70,000/- Bala Bhaskar Reddy & Smt. Pidaparthi Pavani purchased under sale deed no. 1261/2009 Page 2 of 8 9661.28 sq.yards vacant site plots, under Plot Nos. 303, 304, 309, 310, the plots are located in Sy.Nos. 270,271,272,278 APIIC Growth center, Annangi, Gundlapalli, Maddipadu Mandal, Prakasam District along with Sheds, RCC Construction. Bounded by: North : Plot No. 305 & 308. South : Plot No. 302 & 311. East : Proposed 20m wide Road. West : Proposed 20m wide Road. 2. Property Owned by Smt. Pidaparthi Rs 1,38,00,000/- Rs. 13,80,000/- Pavani & Sri Pidaparthy Bala Bhaskar Reddy purchased under Sale Deed No.2711/2007 4903.6 sq.yards vacant site plots, under Plot Nos. 305, 308 the plots are located in Sy.Nos. 270,271,272,278 APIIC Growth center, Annangi, Gundlapalli, Maddipadu Mandal, Prakasam District along with Sheds and other constructions bounded by: North : Plot No. 306 & 307. South : Plot No. 304 & 309. East : 20m wide Road. West : 20m wide Road. Page 3 of 8 3. Property owned by Sri.Pidaparthi Rs.72,00,000/- Rs.7,20,000/- Bala Bhaskar Reddy & Smt. Pidaparthi Pavani Purchased under Sale Deed No.1274/2010 2488 sq.yards vacant site under Plot No. 306 is located in Sy.No. 271 (Part), 272 (Part), 293 (Part) APIIC Growth center, Annangi, Gundlapalli, Maddipadu Mandal, Prakasam District along with Main shed and workers’ sheds bounded by: North : Existing 20m wide road. South : Plot No. 305. East : Plot No. 307. West : Existing 20m wide road. 4. Owned by Smt. Pidaparthi Pavani Rs. 17,00,000/- Rs.1,70,000/- purchased under Sale Deed No.7691/2012 400 sq.yards vacant site Plots, under Plot Nos. 9 & 10 the plots are located in Sy.No. 5/1 Situated at Narasapuram Agraharam, Gramapanchayath limits, Ongole, Prakasam District bounded by: North : Plot No.8. South : Plot No. 11. East : Property of Kommuri Ramadevi and others. West : 30 ft wide Road. 5. Property Owned by Smt. Pidaparthi Rs. 15,00,000/- Rs,1,50,000/- Pavani purchased under sale deed no.7692/2012 351.1 sq.yards vacant site Plots, under Plot Nos. 7 & 8 the plots are located in Sy.No. 40/4 Situated at Vinayaka Layout, via Arava colony, North to new bypass, Pelluru, Ongole Municipal corporation, Ongole, Prakasam District bounded by: East : Plot nos 5 & 6 belong to Nadendla Venkata Phani Krishna. South : Land of Kuttuboyina Kondaiah. West : Plot No.9. North : Road with a width of 20 ft. 6. Owned by Sri.Pidaparthi Bala Rs 58,00,000/- Rs. 5,80,000/- Bhaskar Reddy purchased under Sale Page 4 of 8 Deed No.1034/2011 1235.2/9 sq.yards open plot via arava colony, Agraharam Road near new bypass Sy no. 32/1B, Pelluru, Ongole Municipal Corporation, Ongole bounded by: East : Site of Eda Sudhakar Reddy. South : Site of Vungarala Venkata Subbaiah. West : Site of Naral Raman Reddy and Dhaka Hunuma Reddy. North : Road leads to Agraharam. Details of encumbrances over the property, as known to the Bank Nil Details of outstanding dues of Local Government (Property tax, water As decided by the sewerage, electricity bills, etc., ) known to the Authorized Officer concerned authorities The details regarding E Auction are mentioned below: Date and time of E – Auction On 26.09.2019 between 11:00 A.M. and 4:00 P.M. E Auction Website address https://syndicatebank.auctiontiger.net Last date for submission of bids 24.09.2019 Minimum Bid increment amount Rs.1,00,000/- Date and time of inspection 23.09.2019 before 5:00 P.M. with prior appointment during of property for intending purchasers Office hours Contact details & website address of https://syndicatebank.auctiontiger.net service provider (Name/telephone no./email id/address) M/s. e-Procurement Technologies (ABC Procure), [email protected] - e-mail id: [email protected] Contact persons name and their Cell Numbers: Mr. Sudeer - 7961200530 Mr. Reddy (Hyderabad) - 9052070217 Terms and conditions 1. The sale process of above properties shall be conducted through e-auction only, on the said date i.e 26.09.2019 (Date) from 11:00 A.M. to 4:00 P.M. by the Bank’s e-auction service provider M/s e- Procurement Technologies Limited (Auction tiger), B704-705, Wall Street –II, Opp: Orient Club, Nr. Gujarat College, Ellisbridge, Ahmedabad. The service provider will also provide training on e-auction, if required, to those who will deposit EMD. 2. Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT/Fund Transfer to the credit of No.31183170000016, Syndicate Bank Stressed Assets Management Branch, Khairatabad, Hyderabad Branch, and IFSC Code: SYNB0003118 before submitting bids. EMD can also be paid by way of Pay Order/Demand Draft in favour of Syndicate Bank Payable at Hyderabad. 3. Bids shall be submitted in the prescribed format with relevant details. For details please contact M/s e- Procurement Technologies Limited (Auction tiger), B-704-5, Wall Street-II, Opp: Orient Club, Near Gujarat Collge, Ellisbridge, Ahmedabad,Contact person: Mr. Sudder. Mob.7961200530, Contact Nos.079-40230810-811/812 , Toll Free No: 18001035342 – Whatsapp :919374519724 & Mr. Reddy (Hyderabad), Contact Mob.9052070217 –e-mail id: abcprocure@auctioner/net – Page 5 of 8 support@auctiontiger –[email protected] 4. The intending bidders should submit the duly filled in Bid form (format available in the above website) along with the DD/PO/quoting the UTR no. of NEFT/RTGS remittance towards EMD in a sealed cover addressed to the Authorised Officer at SyndicateBank, Stressed Asset Management Branch, #104, I Floor, Golden Edifice Complex, Khairatabad, Hyderabad - 500004, e-mail id: [email protected] so as to reach before 13/08/2019. The sealed cover should be super scribed with “Bid for participating in E-Auction Sale – in the A/c of M/s Sri Priyanak Raw Boiled Rice Mill ” 5. On compliance with the above, the bidders shall be provided with the facility of online participation in the inter se auction bidding. Online bidding will take place at the Website of http://syndicatebank.auctiontiger.net and shall be subject to the terms and conditions mentioned herein as well as those given in the bid document. Further the sale shall be in accordance with the SARFAESI Act/Rules. 6. No person other than the intending bidder themselves, or their duly authorized agent shall be allowed to participate in the E Auction. 7. The intending participants of the e-Auction may download copies of sale notice, terms and conditions of e- auction, help manual on operational part of e-Auction and process compliance form related to this e- auction from the above mentioned website of service provider i.e. M/s e-Procurement Technologies (auction tiger), (Address of the service provider), For the purpose of participation in e-auction , the intending bidders must have a valid digital signature may procure it from any Registering Authority (Certificate by the government of India) issuing of such signature.