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 वसलू ी 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: 29.08.2019 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 Likitha Agencies Rep by its Partners Mr D Ramaraju and Mr.D Venkata Prabhakar Raju, D.No-8-1-72/1, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam-530 026. …. Borrower 2. Mr Deenamkonda Ramaraju s/o Late Nooka Raju D.No-8-1-72, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam-530 026. ….. Partner & Guarantor 3. Mr.Deenamkonda Venkata Prabhakar Raju s/ Ramaraju D.No-8-1-72, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam-530 026 ….. Partner & Guarantor 4. Mr. D.Satyavathi D.No-8-1-72/1, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam-530 026 ….. 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.21.12.2013 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 Indian Express and The Enadu on 25.12.2013 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 and except payments amounting to Rs.1,75,000/- (Rupees One Lakhs Seventy Five Thousand Only) after issuance of demand notice dated 08.08.2013. 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 26.08.2019 are Rs.45,49,995/-(Rupees Fourty Five Lakhs Fourty Nine Thousand Nine Hundred Ninety Five 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 16.09.2019 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 owned by Sri Deenamkonda Ramaraju s/o Late Nooka Raju) (Property covered by Document No. 799/2011 dated 29.03.2011 with SRO Lankelapalem) All the part and parcel of the Vacant site admeasuribng 751.11 Sq.Yards or 628 Sq.Mts along with all easement and passage rights bearing plot No-133&134 covered by S.No- 194/22 situated at Desapatrunipalem, Parawada Mandal, with in the GVMC limits, Anakapalli Registration District, Visakhapatnam Dist and is bounded by East: Plot No-135 West: Plot No-132 North: 40 Ft wide Road South: Land belongs to KVSN Raju Place: Visakhapatnam Authorized Officer Date: 29.08.2019 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 वसलू ी 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: 29.08.2019 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 16.09.2019 for recovery of Rs.45,49,995/-(Rupees Fourty Five Lakhs Fourty Nine Thousand Nine Hundred Ninety Five Only ) with further interest and costs due to the Indian Overseas Bank as Secured creditor from M/s Sri Likitha Agencies Rep by its Partners Mr D Ramaraju and Mr.D Venkata Prabhakar Raju (Borrower) and the reserve price will be Rs.28,73,000/- and the EMD will be Rs.2,87,300/-. (Description of the Immovable property with known encumbrances, if any) (Property owned by Sri Deenamkonda Ramaraju s/o Late Nooka Raju) (Property covered by Document No. 799/2011 dated 29.03.2011 with SRO Lankelapalem) All the part and parcel of the Vacant site admeasuribng 751.11 Sq.Yards or 628 Sq.Mts along with all easement and passage rights bearing plot No-133&134 covered by S.No- 194/22 situated at Desapatrunipalem, Parawada Mandal, with in the GVMC limits, Anakapalli Registration District, Visakhapatnam Dist and is bounded by East: Plot No-135 West: Plot No-132 North: 40 Ft wide Road South: Land belongs to KVSN Raju Date: 29.08.2019 Place: Visakhapatnam Authorized Officer. 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 वसलू ी 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: 29.08.2019 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 Likitha Agencies Rep by its Partners Mr D Ramaraju and Mr.D Venkata Prabhakar Raju 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 08.08.2013 calling upon the borrower M/s Sri Likitha Agencies Rep by its Partners Mr D Ramaraju and Mr.D Venkata Prabhakar Raju, D.No-8-1-72/1, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam-530 026 (Borrower), 2.Mr Deenamkonda Ramaraju s/o Late Nooka Raju , D.No-8-1-72, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam- 530 026 (Partner & Guarantor), 3.Mr.Deenamkonda Venkata Prabhakar Raju s/ Ramaraju, D.No-8-1-72, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam-530 026 (Partner & Guarantor), 4.Mr. D.Satyavathi, D.No-8-1-72/1, High School Road, Jogavanipalem, Gajuwaka, Visakhapatnam-530 026 (Guarantor) to pay the amount due to the bank, being Rs. 26,38,349/-(Rupees Twenty Six Lakhs Thirty Eight thousand and Three Hundred Forty Nine 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 21.12.2013 and has taken symbolic possession of the secured asset more fully described in the schedule hereunder on 21.12.2013 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 27,57,888/- 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 26.08.2019 works out to Rs.45,49,995/-(Rupees Fourty Five Lakhs Fourty Nine Thousand Nine Hundred Ninety 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” and “As is what is” condition: (Description of the Immovable property with known encumbrances, if any) (Property owned by Sri Deenamkonda Ramaraju s/o Late Nooka Raju) (Property covered by Document No.