Narsipatnam Branch,Narsipatnam Visakhapatnam District Ph No.08932-225778 E-Auction Sale Notice Notice is hereby given to the public in general and to the Borrower/s and Guarantor/s in particular by the Authorised Officer, that the under mentioned properties mortgaged to Union Bank of India,Narsipatnam Branch Visakhapatnam District taken possession of the secured assets under the provision of Section 13(4) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by E-Auction as mentioned below for recovery of under mentioned dues and further interest, charges and costs etc, as detailed below. The properties are being sold on “AS IS WHERE IS, WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” as such sale is without any kind of warranties and indemnities. The under mentioned properties will be sold by “ Online E-Auction through website https://ubi.auctiontiger.net and www.auctiontiger.net on 20-01-2020 for recovery of the amount mentioned hereunder in the following account. Name of borrower & Mortgagor:1)Mrs.Lalam Kumari,D.No.4-69,Lachannapalem,Makavarapalem, Narsipatnam,Visakhapatnam District Guarantor: Mr.Lalam Arjuna,D.No.4-69, Lachannapalem, Makavarapalem,Narsipatnam,Visakhapatnam District 2) Debt Due to with interest and Cost:Rs.12,65,448.00 ps.(As per Demand Notice dt 23-07-2018) together with subsequent interest till date of payment and other charges 3)Property Details: EM of Flat No.GF-1 in ground floor with total built up area of 1056 Sq feet or 98.14 Sq Mtrs along with undivided and unspecified share of 37.5 Sq Yards out of 300 Sq Yards or 250.840 Sq.Mtrs at “Navyasri Residency” bearing S.No.49-2B/2 situated at Near D.No.1-1-120/2, Ward No.1, Block No.1, South side of Ankapalli Road, Cheruvu Area, Balligattam Gram Panchayat, Narsipatnam Mandal, Visakhapatnam District, Andhra Pradesh standing in the name of Mrs. Lalam Kumari and Flat bounded as follows: East:Site belongs to K.Srinivasarao & Common Passage,West : Site belongs to Mudundi Satyavathi & Open Space,North :Common Staircase & Parking Area,South: 30 feet wide Gravel Road Reserve Price:Rs. 16,45,200/- Earnest Money Deposit (EMD) :Rs.1,64,520/- Date and Time of Auction:20-01-2020 between 11 A.M.to 2.00 P.M. with unlimited extension of “10” minutes i.e the end time of e-auction will be extended by “10“ Minutes each time if bid is made within the last 10 Minutes before closure of auction. Last date for submission of bids: 18-01-2020 up to 5 P.M Bid Increment Amount by Rs. 10,000/- Date&Time of inspection of property for intending purchasers: 10-01-2020 between 11 A.M. to 5 P.M Details of encumbrances over the property as known to the Bank :As per Bank Knowledge - Nil The refundable EMD 10% of RESERVE PRICE shall be payable by interested bidders through NEFT/ RTGS/Funds Transfer in Account No.551401980050000,IFSC Code.UBIN0555142 or by DD/Payorder favouring Union Bank of India, Narsipatnam Branch Payable at Narsipatnam, Visakhapatnam Districton or before 18-01-2020 up to 5 P.M.Bidders are advised to visit the Bank’s website www.unionbankofindia.co.in for detailed terms and conditions of E-auction sale and other details before submitting their bids for taking part in the E-auction.Bidder may also visit the website https://ubi.auctiontiger.net. of service provider M/s.E-Procurement technologies Limited (AuctionTiger) Ahmedabad ContactNo.079- 40230811/812/800 Mr.Ravi kumar Chukka (Visakhapatnam)ContactNo.+918008617666 and 6352490784EmailID:[email protected]&[email protected] terms and conditions of sale shall be strictly as per provisions of The Security Interest Rules(Enforcement)Rules,2002.Interested bidder may contact the Amankumar Guptha:6295834994 Branch Manager, Union Bank of India, Narsipatnam Branch,Visakhapatnam District for ascertaining the details of auction and inspection of propety on the date mentioned as above Ph.No:0832-225778,EmailID:[email protected] This may also be treated as notice u/r 8(6) of security Interest ( Enforcement) Rules, 2002 to the borrowers/s and guarantor/s of the said loan about the holding of E-Auction sale on the above mentioned date, if their outstanding dues are not repaid in full. Date:03-01-2020,Place:Visakhapatnam. Authorised Officer,Union Bank of India,.