E-AUCTION SALE NOTICE

Transcription

1 E-AUCTION SALE NOTICE ASSET RECOVERY MANAGEMENT BRANCH 103/104, First Floor, Babukhan Estate, बश रब ग Basheerbagh ह दर ब द Hyderabad Phone : Notice is hereby given to the public in general and to the Borrower/s, Guarantor/s and Mortgagor/s in particular by the Authorized Officer, that the under mentioned property mortgaged to Vijaya Bank under consortium with Corporation Bank had taken possession under the provisions of Section 13(4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by E Tender Cum Auction as mentioned below for recovery of under mentioned dues and further interest, charges and cost etc, as detailed below. This is also a Notice to the Borrower/s and to the Guarantor/s, Mortgagor/s of the below said loan about the holding of E-Auction Sale on the below mentioned date, if their outstanding dues are not repaid in full. NAME AND ADDRESS OF BORROWERS : M/s.NEERAJAKSHA IRON & STEEL PRIVATE LTD., Regd. Office : Flat No.108, Sovereign Shelter, Near Ganga Jamuna Hotel, Lakdi-ka-pul, Hyderabad GUARANTORS/MORTGAGORS : 1) Mr. S. A. Koteswara Rao, S/o S.Papaiah, Flat No.101, Ashoka Chandra Enclave, , Lakdi ka Pul, Hyderbad ) Mrs.A Supriya, W/o Nagamalleswara Rao, Flat No.101, Ashok Chandra Enclave, , Lakdi ka Pul,Hyderbad ) Mrs. Sita Mahalakshmi, W/o S A Koteswara Rao, Flat No.101, Ashok Chandra Enclave, , Lakdi ka pul, Hyderabad ) Mr. A.Venku Reddy, S/o A Gopal Reddy, , G-5, Imperial Apartments, Greenlands, Hyderabad ) Mr. S V Sunil Kumar Chowdary, S/o S A Koteswara Rao, Flat No.101 Ashok Chandra Enclave, , Lakdi ka pul, Hyderabad ) Mrs. M Jyothirmai, W/o M Ramasubba Reddy, Mudigedu Vlllage, Kamalapuri Post, Sanjamala Mandal, Kurnool Dist. 8) Mrs. A. Sailaja Reddy, W/o Venku Reddy, , G-5 Imperial Apartments, Greenlands, Hyderabad ) Mr. N.T. Ramalinga Reddy, S/o. N T Hanumantha Reddy, H No. 3-11/A,MLA Colony, Road No.12, Banjara Hills, Hyderbadad Page 1 of 6

2 10) Dr. N T Sridhar Reddy, S/o. N.T. Ramalinga Reddy, H.No. 3-11/A MLA Colony,Road No.12, Banjara Hills, Hyderabad ) Mrs. N T Saraswathi, W/o. N.T. Ramalinga Reddy, H No. 3-11/A, MLA Colony, Road No.12, Banjara Hills, Hyderabad The under mentioned property will be sold by Online e-auction through website on for recovery of an amount of Rs.23,03,48, Ps. (Rupees Twenty Three Crores Three Lakhs Forty Eight Thousands Fourteen and Paise Three only) as on together with further interest thereon with effect from at the contractual rate together with costs, charges, other monies until payment or realization, subject to the deduction of amount already recovered through sale of secured property under SARFAESI Act, 2002 or otherwise. The above due amount is liability of the borrower for both the Banks under consortium i.e., Vijaya Bank and Corporation Bank as on Date and Time of Auction Reserve Price Page 2 of between A.M and Noon 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. Rs.17,54,86,500/- (Rupees Seventeen Crores Fifty Four Lakhs Eighty Six Thousand Five Hundred Only) Earnest Money Deposit 10% of Reserve Price i.e., Rs.1,75,48,650/- (Rupees One Crore Seventy Five Lakhs Forty Eight Thousand Six Hundred Fifty Only) Bid increment Amount Rs.1,50,000/- (Rupees One Lakh Fifty Thousands Only) SCHEDULE OF THE PROPERTIES Property-1 (Doc.1416/2007) All that piece and parcel of property belonging to M/s.Neerajaksha Iron and Steel Pvt. Ltd., Under Sy No.5,6, Admeasuring 4 Acres 5 Cents Situated at Medchal Village and Gram Panchayath Kurnool Dist. and bounded by : North : Clai Land South : Clai Land East : Clai Land West : Bommanahalu Polimera. Property-2 (Doc.1444/2007) All that piece and parcel of property belonging to M/s Neerajaksha Iron & Steel Pvt Ltd, under Sy.No.549 admeasuring 7 Acres 34 Cents situated at Halaharvi Village & Gram Panchayath Kurnool Dist and bounded by : North : Road South : Medehalu Polimera East : Clai Land West : Muniswamy Land Property-3 (Doc.1321/2007) All that piece and parcel of property belonging to M/s Neerajaksha Iron

3 and Steel Pvt Ltd under Sy.No.51 admeasuring 6 Acres 99 Cents situated at Medehal Village & Gram Panchayath Kurnool Dist. Bounded by North : Ganji Gangamma Land South : Kuruva Maremma Land East : Guru Basappa Land West : Bommanahalu Yenkantha Gouda Land Property-4 (Doc.1355/2007) All that piece and parcel of the property belonging to M/s Neerajaksha Iron & Steel Pvt Ltd Under Sy.No.5,6 admeasuring 9 Acres 03 Cents situated at Medehal Village & Gram Panchayath,Kurnool Dist. and bounded by North : Kalyana Gouda Land South : Ganje Pampanna Land East : Badige Eranna Land West : Yenkatappa Land Property -5 (Doc.1356/2007) All that piece and parcel of the property belonging to M/s Neerakasha Iron & Steel Pvt Ltd under Sy.No.5,6, admeasuring 4 Acres 00 Cents situated at Medehal Village & Gram Panchayath, Kurnool Dist and bounded by North : Basaiah Land South : Muddanna Land East : Harijana Eranna Land West : Gonahalu Property -6 (Doc.1357/2007) All that piece and parcel of the property belonging to M/s. Neerajaksha Iron & Steel Pvt Ltd under Sy.No. 4 admeasuring 5 Acres 02 Cents situated at Medehal Village & Gram panchayath, Kurnool Dist and bounded by. North : Guru Basappa Land South : Vadla Anjinaiah Land East : Bheemappa Land West : Anjinappa Land Property-7 (Doc.1358/2007) All that piece and parcel of property belonging to M/s Neerajaksha Iron & Steel Pvt Ltd, under Sy.No 4 admeasuring 5 Acres 02 Cents situated at Medehal Village and Gram Panchayath, Kurnool Dist and bounded by North : Ganganna Goudu Land South : Chinna Thimmappa Land East : Honnuramma Land West : Erappa Land Property-8 (Doc.1366/2007) All that piece and parcel of the property belonging to M/s Neerajaksha Iron & Steel Pvt Ltd, under Sy. No 3/A,5,6, admeasuring 10 Acres 55 Cents situated at Medehal Village & Gram Panchayath, Kurnool Dist bounded by Page 3 of 6 North : Amareshappa Land South : Kalyana Goudu Land

4 East : Guru Basavana Goudu Land West : Hanumanthappa Land Property-9 (Doc.1367/2007) all that piece and parcel of the property belonging to M/s Neerajaksha Iron & Steel Pvt Ltd, Under the Sy.No 3/B admeasuring 13 Acres 03 Cents Situated at Medehal Village & Gram Panchayath, Kurnool Dist bounded by North : Narasimhulu Land South : Narasimhulu Land East : Thati Siddappa land West : Kuruva Eswarappa Land Property-10 (Doc.1373/2007) All that piece and parcel of the property belonging to M/s. Neerajaksha Iron & Steel Pvt Ltd, Under Sy.No 3/A,5,6 admeasuring 8 Acres 53 Cents situated at Medehal Village & Gram Panchayath, Kurnool Dist bounded by North : Halaharvi Polimera South : Clai Land East : Kuruva Ayyanna Land West : Clai Land Property -11 (Doc.1374/2007) All that piece and parcel of the property belonging to M/s. Neerajakshas Iron & Steel Pvt Ltd, Under the Sy. No.551/A/B Admeasuring 7 Acres 77 Cents situated at Halaharvi Village & Gram Panchayath, Kurnool Dist bounded by Page 4 of 6 North : Road South : Ayyanna Land East : Chanapati Bojjanna Land West : Malamaneppa Land STATUTORY 30 DAYS SALE NOTICE UNDER SARFAESI ACT The Borrower/Guarantors are hereby notified to pay the sum mentioned above within 30 days from the date of publication of this notice failing which the Bank shall sell the property as the provision laid down in the SARFAESI ACT, Terms and conditions of Sale: 1. Auction/bidding shall only be through online electronic mode through the website of the Service Provider M/s. E-Procurement Technologies Ltd (Auction Tiger), Ahmadabad is the Service Provider to arrange e- auction platform. 2. The bidders may participate in e-auction for bidding from their place of choice internet connectivity shall have to be ensured by bidder himself. Bank/Service Provider shall not be held responsible for the internet connectivity, network problems, system crash down, power failure etc. 3. For details, help, procedure and online training on e-auction prospective bidders may contact the Service Provider viz M/s. E-Procurement Technologies Ltd (Auction Tiger), A-801, Wall Street II, Opp. Orient Club, Near Gujarat College, Ahmedabad,

5 Phone No /12/10. Contact Person Mr. Ramesh (Ahmedabad) Mobile No and Mr.Bhaskar D (Hyderabad) Mobile No Id: telangana@auctiontiger.com. 4. Bidders are advised to go through the website for detailed terms and conditions of auction sale before submitting their Bids for taking part in the e-auction sale proceedings. 5. For participating in e-auction sale the intending bidders should register their details with the Service Provider M/s. E-Procurement Technologies Ltd (Auction Tiger), Ahmadabad, well in advance and get the User ID and password. Only the password may be changed on receiving it. Bidders are required to hold digital signature certificate for participating in the e-auction. 6. For participating in e-auction, intending bidders have to deposit a refundable EMD of 10% of reserve price by way of RTGS/NEFT/Funds Transfer to the credit of A/C No Vijaya Bank, Basheerbagh Branch, Hyderabad through IFSC Code VIJB or by DD/Pay Order favoring Vijaya Bank, ARM Branch payable at Hyderabad, the intending bidders should submit the quotations along with the Demand Draft towards EMD in a sealed cover by 5.00 P.M on or before to the Authorized Officer, Vijaya Bank, ARM Branch, Hyderabad. The sealed cover should be super scribed with Quotation for participating in E-auction sale M/s.NEERAJAKSHA IRON & STEEL PVT. LTD.. Tender forms may be collected from the bank s office. 7. The reserve price below which the properties SHALL NOT be sold is Rs.17,54,86,500/- (Rupees Seventeen Crores Fifty Four Lakhs Eighty Six Thousand Five Hundred Only). 8. The successful/highest bidder in the e-auction immediately on closure of auction process should submit/sent the final price quoted by him by fax/ both to the Authorised Officer, Vijaya Bank, ARM Branch, Hyderabad, and service provider for getting declared as highest/successful bidder in the auction. 9. The successful bidder should deposit 25% of the bid amount (including EMD) on the same day of the sale, being knocked down in his favor and balance 75% of bid amount within 15 days after the sale date by RTGS/NEFT/Funds Transfer to the credit of A/c. No Vijaya Bank, Basheerbagh Branch, Hyderabad through IFSC Code VIJB or by DD/Pay Order favoring Vijaya Bank, ARM Branch payable at Hyderabad. 10. In case of default in payment at any stage by the successful bidder/auction purchaser within the stipulated time, the sale will be cancelled and the amount already paid will be forfeited and the property will be again put to sale. 11. The properties are being sold on AS IS WHERE IS AND AS IS WHAT IS BASIS and subject to conditions prescribed in the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, As per Sec.194 IA of the Income Tax Act, 1961, 1% will be applicable on sale proceeds, in excess of Rs.50,00, and the successful bidder/purchaser will deduct TDS & deposit the same by furnishing the challan-cum-statement in Form Page 5 of 6

6 No.16-B, containing the Bank s Name & Pan Number as a seller and submit the original receipt of TDS certificate to Bank. 13. To the best of knowledge and information of the Authorized Officer, there is no encumbrance on any property. However, the intending bidders should make their own independent inquiries regarding the encumbrances, title of property put on auction and claims/rights/dues/effecting the property, prior to submitting their bids. The e-auction advertisement does not constitute and will not be deemed to constitute any commitment or any representation of the bank. The property is being sold with all the existing and future encumbrances whether known or unknown to the bank. The Authorised Officer/Secured Creditor shall not be responsible in any way for any third party claims/rights/dues. 14. The purchaser shall bear the applicable stamp duties/additional stamp duty/transfer charges, fee etc., and also all the statutory/non-statutory dues, taxes, rates, assessment charges, fees etc., owing to anybody. 15. Bids once made shall not be cancelled or withdrawn. All bids made from the user ID given to bidder will be deemed to have been made by him only. 16. All bidders shall be deemed to have read and understood the terms and conditions of sale and be bound by them. 17. The Authorized Officer may postpone/cancel the e- Auction without assigning any reason thereof. 18. In case the e-auction scheduled is postponed to a date before 30 days from the scheduled date of sale, it will be displayed on the website of the Service Provider. Note : The intending bidders may contact the Authorised Officer, Vijaya Bank, ARM Branch, No.103 & 104, First Floor, Babukhan Estate, Basheerbagh, Hyderabad , for ascertaining the details of property and also for inspection of property on the date fixed by the Bank (Contact No , ID: hyd.armb4076@vijayabank.co.in). Place : Hyderabad. Date : Authorized Officer, Vijaya Bank, ARM Branch, Hyd. Page 6 of 6