Tapeswaram Branch, Main Road, Mandapeta Mandal, Tapeswaram, East Godavari Dist. Pin Code-533340. Ph: 08855-232129 Email id: [email protected] Date: 10.05.2019 E-AUCTION SALE NOTICE ------------------------------------------------------------------------------------------------- (Under Provision 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 symbolic 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 15.06.2019 for recovery of Rs.19,21,88,589/- on 10.05.2019 with further interests and costs due to the IOB Secured creditor from 1. M/s Sri Venkateswara Constructions Pvt Ltd (Borrower) 2. Sri. Satti Srinivasa Reddy (Managing Director/ Guarantor/ Mortgagor) 3. Sri. Keta Bhaskar Kumar Babu (Additional Director/Guarantor) 4. Sri. Satti Konda Reddy (Guarantor/ Mortgagor) 5. Sri. Chirla Ramakrishna Reddy, S/o Veera Raghava Reddy (Guarantor/ Mortgagor) 6. Smt. Satti Anuradha,W/o Satti Srinivasa Reddy (Guarantor/ Mortgagor) 7. Smt. Satti Lakshmi, W/o Satti Konda Reddy (Guarantor/ Mortgagor) 8. Sri. Dokala Babu Srinivasa Rao (Guarantor/ Mortgagor) 9. Smt. Ketha Nagmani W/o Venkata Satyanarayana Setty (Guarantor/ Mortgagor). The Reserve price will be: Property 1: Rs.19,29,000/- (Nineteen Lakhs Twenty Nine Thousand Only) Property 2: Rs.29,26,000/- (Twenty Nine Lakhs Twenty Six Thousand Only) Property 3: Rs.2,19,68,000/- (Two Crore Nineteen Lakhs Sixty Eight Thousand Only) Property 4: Rs.2,28,50,000/- (Two Crore Twenty Eight Lakhs Fifty Thousand Only) Property 5: Rs.1,14,25,000/- (One Crore Fourteen Lakhs Twenty Five Thousand Only) Property 6: Rs.69,67,000/- (Sixty Nine Lakhs Sixty Seven Thousand Only) Property 7: Rs.4,70,20,000/- (Four Crore Seventy Lakhs Twenty Thousand Only) Property 8: Rs.93,56,000/- (Ninety Three Lakhs Fifty Six Thousand Only) Property 9: Rs.5,75,76,000/- (Five Crore Seventy Five Lakhs Seventy Six Thousand Only) Earnest Money Deposit will be: Property 1: Rs.1,92,900/- (One Lakh Ninety Two Thousand Nine Hundred Only) Property 2: Rs.2,92,600/- (Two Lakh Ninety Two Thousand Six Hundred Only) Property 3: Rs.21,96,800/- (Twenty One Lakh Ninety Six Thousand Eight Hundred Only) Property 4: Rs.22,85,000/- (Twenty Two Thousand Eighty Five Thousand Only) Property 5: Rs.11,42,500/- (Eleven Lakhs Forty Two Thousand Five Hundred Only) Property 6: Rs.6,96,700/- (Six Lakhs Ninety Six Thousand Seven Hundred Only) Property 7: Rs.47,02,000/- (Forty Seven Lakhs Two Thousand Only) Property 8: Rs.9,35,600/- (Nine Lakhs Thirty Five Thousand Six Hundred Only) Property 9: Rs.57,57,600/- (Fifty Seven Lakhs Fifty Seven Thousand Six Hundred Only) DESCRIPTION OF THE IMMOVABLE PROPERTY 1. All that part and parcel of the property along with super structure thereon admeasuring 157 sq yards situated at R.S.No.393/1, D No 2-29, 2nd ward, Arthamuru Village, Mandapeta Mandal, East Godavari District. Property standing in the name of Mr. Satti Konda Reddy. Boundaries: On the North by Canal. On the South by Joint Lane belonging to Mr. K. Subbi reddy and others. On the East by House wall of Mr. Karri Surreddy. On the West by House wall of Mr. Kovvuri Rami Reddy. 2. All that part and parcel of vacant site admeasuring 220 sq yards situated at plot No 18, RS No 525, Suma enclave, Velugubanda, Rajahmundry. Property standing in the name of Mr. Satti Srinivasa Reddy. Boundaries: On the North by Road. On the South by Plot no. 173. On the East by Plot no.179. On the West by Plot no. 181. 3. All that part and parcel of vacant site admeasuring 2081.20 sq yards situated at RS No 370/1, near D.No. 1-171, Arthamur village, Mandapeta Mandal, East Godavari District. Property standing in the name of Mr. Ch Ramakrishna Reddy. Boundaries (As per Doc No. 2532/2008 dated 31.12.2008): On the North by Naduru Baba Canal bund. On the South by Land belongs to D. Veera Raghava Reddy. On the East by Site belongs to Ch Ramakrishna Reddy. On the West by Land of M. Suryanarayana Reddy. Bounded (As per Doc No. 17/2009 dated 03.01.2009): On the North by Naduru Baba Canal bund. On the South by Land belongs to Mr. D. Veera Raghava Reddy. On the East by Site belongs to Mr. K.V.V. Reddy & others. On the West by Remaining land in the same R.S.No. 4. All that part and parcel of vacant site admeasuring 1984.40 sq yards situated in RS No 312/1, near D.No.8-322, Back side of CRC club, Vedireswaram Road, Ravulapalem, Ravulapalem Mandal, E.G District. Property standing in the name of Mr. Satti Srinivasa Reddy. Boundaries (As per Doc No.68/2009 dated 21.01.2009): On the North by Land of Mr. Chirla Ramakrishna Reddy. On the South by Puntha Bodi. On the East by Vacant site of Sri Bangeru Papamma Ammavari Devasthanam. On the West by Land of Mr. Konda Anjaneya Reddy. Bounded (As per Doc No.69/2009 dated 21.01.2009): On the North by Land of Mr. Karri Nagireddy. On the South by Land of Mr. Chirla Ramakrishna Reddy. On the East by Vacant site of Sri Bangeru Papamma Ammavari Devasthanam. On the West by land of Mr. Konala Anjaneya Reddy. 5. All that part and parcel of vacant site admeasuring 992.20 sq yards in RS No 312/1, near D.No. 8-322, Back side of CRC club vedireswaram Road, Ravulapalem, Ravulapalem Mandal, E.G.District. Property standing in the name of Mr.Ch Rama Krishna Reddy. Boundaries: On the North by Land of Mr. Satti Srinivasa Reddy. On the South by Land of Mr. Satti Srinivasa Reddy. On the East by Vacant site of Ravalupalem Sri Bangaru papamma Ammagiri devasthanam site. On the West by Land of Mr. Anjaneya Reddy. 6. All that part and parcel of two vacant sites admeasuring 300 Sq.Yds. in plot No.105 and 305.00 Sq. Yds. in plot No.8, in R.S.No. 433 & 444 in Palacharla Village & Panchayat, Rajanagaram Mandal, EG Dist. Property standing in the name of Mr. Ch. Ramakrishna Reddy. Boundaries (Plot No.8): On the North by Land in R.S.No.433/1. On the South by Road. On the East by Plot No.9. On the West by Plot No.7. Boundaries (Plot No.105): On the North by Road. On the South by Plot No.133. On the East by Plot No.104. On the West by Plot No.106. 7. All that part and parcel of vacant site admeasuring Ac1.00 converted to non agri or (4840 Sq. Yds.) Zeroity dry land in RS No.319/4,5,6 of Palacherla Revenue Village of Diwancheruvu GP, Near NH-16, Rajanagaram Mandal, EG District. Property standing in the name of Smt. Satti Anuradha. Boundaries: On the North by Land in R.S.No.319/1. On the South by Puntha. On the East by Land of Tadi Krishna Veni. On the West by Land of Nallamilli Srinivasa Reddy. 8. All that part and parcel of the property along with super structure thereon situated at R.S.No.381/8, D.No.7-5 in Arthamuru Village, Mandapeta, EG Dist. Property owned by Mr. Satti Srinivasa Reddy. Boundaries: On the North by Land belonging to Mr. M. Nagi Reddy. On the South by Vacant House Site of Mr. T V Reddy. On the East by Rajaveedhi. On the West by House wall of Mr. Satti Venkata Reddy & Mr. M. Nagi Reddy. 9. All that part and parcel of the property consisting of Residential and commercial site admeasuring 2371 sq. Yards in R.S. No.199/5,7 situated at Tatipaka Village and Gram Panchayat, Razole Mandal, East Godavari District, Andhra Pradesh. Property standing in the name of Smt. Ketha Nagmani W/o Venkat Satyanarayana Setty. Boundaries: On the North by Land in R.S.No.199/5. On the South by Property in R.S. No. 199/7 of Mr. P. Somana & Venkaya. On the East by Land in R.S.No.199/7. On the West by Canal Road. With all Easementary Rights 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: 08855-232129 or Cell: 9441113340 Place: Tapeswaram Authorized Officer Date: 10.05.2019 Indian Overseas Bank. Tapeswaram Branch, Main Road, Mandapeta Mandal, Tapeswaram, East Godavari Dist. Pin Code-533340. Ph: 08855-232129 Email id: [email protected] Date: 10.05.2019 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 M/s Sri Venkateswara Constructions Pvt Ltd 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 04.06.2018 calling upon the borrowers 1.