Indian Overseas Bank, Eluru Branch, 22C-1-3, Opposite Old Bus Stand, Powerpet Eluru, West Godavari District, AP – 534002 Ph: 08812-27140 Email id: [email protected] Date: 15.05.2019 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 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 07.06.2019 for recovery of Rs. 88,94,665/- (Rupees Eighty Eight Lakhs Ninety Four Thousand Six Hundred and Sixty Five Only) as on 14.03.2019 along with further interest at contractual rates and rests due to the IOB Secured creditor from 1. Smt. Perecherla Santhoshi, W/o P.Ramananjaneya Varma, D.No.27-3-68/8, Srirampuram,Bhimavaram,West Godavari Dist.Pin-534202 (Borrower / Mortgagor) 2. Sri. Pericherla Ramanjaneya Varma S/o Venkata Peddi Raju,D.no.27-3-68/8, Srirampuram,Bhimavaram,WestGodavari Dist,Pin-534202 (Guarantor / Mortgagor). ( The Reserve price will be Rs. 17,00,000/- and the Earnest money deposit will be Rs. 1,70,000/- for property No. 1 & The Reserve price will be Rs. 26,00,000/- and the Earnest money deposit will be Rs.2,60,000/- for property No. 2) DESCRIPTION OF IMMOVABLE PROPERTY Property 1: (Property owned by Perecherla Ramanjaneya Varma) (Property covered by Document No.4007/2011 dated 08.08.2011 with SRO Bhimavaram) All the part and parcel of Vacant Site located at RS No.170/1, Nearest Door No. 3-2-1/D admeasuring 100.11 sq yds in Bhimavaram Municipality, Bhimavaram Mandal, SRO Bhimavaram, West Godavari District, Andhra Pradesh. Boundaries: East : Site of Ande Leelavathi in this number—26.6 ft South : Site of Chitikela Prasada Rao—34.00 ft West : Anakoderu Pantakaluva gattu and road—26.6 ft North : 20 ft wide joint way—34.00 ft Property2: (Property owned by Perecherla Ramanjaneya Varma ) (Property covered by Document No. 4382/2011 dated 26.08.11 with SRO Bhimavaram) All the part and parcel of 7.00 sq yds site out of undivided joint share of 53.52 sq yds site in RR Complex, second floor(405 sq ft), along with Single bed room flat with plinth area of 405 sq feets in 2nd floor, Door No. 2-8-12, RS No.109/5 Near Amrutha Hospital, Near petrol Bunk Opp. To Hotel Sarovar, JP Road, Bhimavaram municipality in Bhimavaram Mandal, SRO Bhimavaram, West Godavari District, Andhra Pradesh. Boundaries: East : Site belongs to Sri Kothapalli Balakrishnam Raju South : R R Complex parking area West : Municipal Road North : Site belongs to Sri Kothapalli Balakrishnam Raju Details of Flat Situated in 53.52sq yds of site as detailed above. All the part and parcel of Single bed room flat with plinth area of 405 sq fts in 2nd floor, RR Complex, Door No.2-8-12,RS No.109/5 near Amrutha Hospital, near petrol bunk opp. To Hotel Sarovar, JP Road, Bhimavaram Municipal area, Bhimavaram Mandal standing in the name of Sri Perecherla Ramanjaneya Varma. Boundaries : East : Open to sky South : Corridor West : Open to sky North : Staircase 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 :0891-2502641, 9885107912 Date: 15.05.2019 Authorized Officer Place: Eluru Indian Overseas Bank Indian Overseas Bank, Eluru Branch, 22C-1-3, Opposite Old Bus Stand, Powerpet Eluru, West Godavari District, AP – 534002 Ph: 08812-27140 Email id: [email protected] Date: 15.05.2019 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 Mrs. Perecherla Santhoshi, W/o P.Ramananjaneya Varma,D.No.27-3-68/8, Srirampuram,Bhimavaram,West Godavari Dist.Pin-534202 (Borrower / Mortgagor) 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 11.04.2016 calling upon 1. Mrs.Perecherla Santhoshi, W/o P.Ramananjaneya Varma,D.No.27-3-68/8, Srirampuram, Bhimavaram, West Godavari Dist.Pin-534202 (Borrower / Mortgagor) 2. Mr. Pericherla Ramanjaneya Varma S/o Venkata Peddi Raju,D.no.27-3-68/8, Srirampuram,Bhimavaram,WestGodavari Dist,Pin-534202(Guarantor / Mortgagor) to pay the amount due to the bank, being Rs. 58,66,800/- (Rupees Fifty Eight Lakhs Sixty Six thousand Eight Hundred Only) with further interest and costs, and expenses within 60 days from the date of the said notice. Whereas the borrowers and the Guarantors having failed to pay the amount due to the Bank as called for in the said demand notice, the Bank has issued possession notice on 11.10.2018 and has taken symbolic possession of the secured asset more fully described in the schedule hereunder on 11.10.2018 under Section 13 (4) of the Act read with Rules 8 & 9 of the Security interest (Enforcement) Rules, 2002 for realization of Bank’s dues. The dues to the bank as on the date of taking possession was intimated as Rs.83,70,284/- (Rupees Eighty Three Lacs Seventy Thousand Two Hundred Eighty Four Only) as on11.10.2018 payable together with further interest at contractual rates and rests along with costs, charges etc till date of repayment, after reckoning repayments, if any, since the date mentioned in the demand notice. The dues of the borrower as on 14.03.2019 is Rs. 88,94,665/- (Rupees Eighty Eight Lakhs Ninety Four Thousand Six Hundred and Sixty Five Only) along with further interest at contractual rates and rests, besides costs + actual expenses made for property maintenance after reckoning repayments, if any, subsequent to the Bank issuing demand notice. The undersigned in exercise of the powers conferred under Sec 13(4) of the said Act proposes to realize the Bank’s dues by sale of the under mentioned properties in “As is where is”, “As is what is” and “Whatever there is” condition: DESCRIPTION OF IMMOVABLE PROPERTY Property 1: (Property owned by Perecherla Ramanjaneya Varma) (Property covered by Document No.4007/2011 dated 08.08.2011 with SRO Bhimavaram) All the part and parcel of Vacant Site located at RS No.170/1, Nearest Door No. 3-2-1/D admeasuring 100.11 sq yds in Bhimavaram Municipality, Bhimavaram Mandal, SRO Bhimavaram, West Godavari District, Andhra Pradesh. Boundaries: East : Site of Ande Leelavathi in this number—26.6 ft South : Site of Chitikela Prasada Rao—34.00 ft West : Anakoderu Pantakaluva gattu and road—26.6 ft North : 20 ft wide joint way—34.00 ft Property2: (Property owned by Perecherla Ramanjaneya Varma ) (Property covered by Document No. 4382/2011 dated 26.08.11 with SRO Bhimavaram) All the part and parcel of 7.00 sq yds site out of undivided joint share of 53.52 sq yds site in RR Complex, second floor(405 sq ft), along with Single bed room flat with plinth area of 405 sq feets in 2nd floor, Door No. 2-8-12, RS No.109/5 Near Amrutha Hospital, Near petrol Bunk Opp. To Hotel Sarovar, JP Road, Bhimavaram municipality in Bhimavaram Mandal, SRO Bhimavaram, West Godavari District, Andhra Pradesh. Boundaries: East : Site belongs to Sri Kothapalli Balakrishnam Raju South : R R Complex parking area West : Municipal Road North : Site belongs to Sri Kothapalli Balakrishnam Raju Details of Flat Situated in 53.52sq yds of site as detailed above. All the part and parcel of Single bed room flat with plinth area of 405 sq fts in 2nd floor, RR Complex, Door No.2-8-12,RS No.109/5 near Amrutha Hospital, near petrol bunk opp. To Hotel Sarovar, JP Road, Bhimavaram Municipal area, Bhimavaram Mandal standing in the name of Sri Perecherla Ramanjaneya Varma. Boundaries : East : Open to sky South : Corridor West : Open to sky North : Staircase Date and time of e – 07.06.2019 auction Property No-1 : Between 1.00 PM to 2.00 PM . Property No-2 : Between 2 PM to 3 PM. with auto extension of 5 minutes each till sale is completed. Reserve Price Property No. 1 : Rs. 17,00,000/- (Rupees Seventeen Lacs Only) Property No. 2 : Rs. 26,00,000/- (Rupees Twenty Six Lacs Only) Earnest Money Property No. 1 : Rs. 1,70,000/- (10% of the Reserve Price) (Rupees Deposit One Lakh Seventy Thousand Only) Property No. 2 : Rs. 2,60,000/- (10% of the Reserve Price) (Rupees Two Lacs and Sixty Thousand Only) EMD Remittance Deposit through EFT / NEFT / RTGS transfer in favor of Authorized officer, Auction Bid Account A/C to the credit of Current Account No. 012202000003333, IFSC Code IOBA0000122, Branch Address: Indian Overseas Bank, Eluru Branch, Eluru. Bid Multiplier Rs. 25,000/- Inspection of property From 01.06.2019 onwards 10.00 Hrs to 14.00 Hrs.