Regd. & Head Office P. B. No.599, Mahaveera Circle Kankanady Mangaluru 575 002 Karnataka Bank Ltd. Your Family Bank, Across India. Phone : 0824-2228180 Fax: 0824-2228142 E-Mail : mlr.arm@ktkbank.com Website : www.karnatakabank.com CIN : L85110KA1924PLC001128 PUBLIC NOTICE OF SALE Notice to the public is hereby given to the effect that the immovable property described herein, which has been taken Symbolic Possession thereof by the Authorised Officer on 13-7-2017 in pursuance of Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be sold by inviting tenders from the public on the date, place and time mentioned in this notice, as is where is condition and on the terms and conditions mentioned below. Tenders in sealed covers are invited from the public for the purchase of the immovable property more fully described below. This Notice should be treated as Notice under sub-rule (6) of Rule (8) of the Security Interest Enforcement Rules 2002 to the Borrowers/Mortgagor. [A] Name and Address of the Borrowers / Mortgagor/Co-obligant: 1. M/s Sukruti Education Society Daneshwari Nagar, Akshaya Colony, Hubballi-580030 2. Shri. Jagadeesh Shettar S/o Shri. Maharudra No.31, Maharudreshwar Lingaraj Nagar South, Vidyanagar, Hubballi - 580031 3. Smt.Vasudha Kolhari W/o Shri. Chandrashekar, Plot No.52, Sundar Nagar, Manoj Heights, Daneshwari Nagar Extension, Vidyanagar, Hubballi -580031 4. Shri. Pramod Mutnal S/o Shri. Shankar, H.No.22, Manjunath Nagar, Gokul Road, Hubballi 580030
5. Shri. Shashikant V Aldi S/o Shri. Veerappa, No.46, 2 nd Cross Silver Town, Gokul Road, Hubballi 580030 6. Shri. Ravi Galagali S/o Shri. Shivashankar, 2 nd Cross, Vivekananda Nagar, Vidyagiri, Dharwad 580004 7. Shri. Prakash N Hebbal S/o Shri. Nagappa, Sri. Sai Nagar, Near Sai Temple, Kelageri Road, Dharwad-580020 8. Shri. Basavaraj U Hampannavar S/o Shri. Ulavappa Hampannavar, Hebbal-Hanchagi Classes, Hoysal Nagar, Haliyal Road, Dharwad-580004 9. Smt. Bhuvaneshwari J Shettar W/o Shri. Jagadeesh Shettar, No.31, Maharudreshwar, Lingaraj Nagar South, Vidyanagar, Hubballi-580031 10. Shri. Vadiraj B Mahishi S/o Shri. Madhacharya Mahishi, MIG- 105, Navanagar, Hubballi-580025 11. Shri. Veeresh M Shettar S/o Shri. Maharudra, No.11, Canara Bank Colony, 1 st Main, 4 th Cross, Nagarbhavi Main Road, Bengaluru- 560072 12. Smt. Suman W/o Late. Shivarudrappa Langoti 13. Master. Abhishek S/o Late. Shivarudrappa Langoti minor represented by Guardian mother Smt. Suman 14. Master Omkar S/o Late. Shivarudrappa Langoti, minor represented by guardian mother Smt.Suman, No.12, 13 & 14 are legal heirs of late Shivarudrappa Langoti residing at Mahalaxmi Nilay, No.77, C.B.Nagar, Saptapur, Dharwad-580003 [B] Name and address of the secured creditor: Karnataka Bank Ltd., Hubballi- Durgadbail Branch.
[C] Details of Secured Debt: TL A/c No.3157001600074101 for an amount of Rs.3,38,94,793/- along with further interest and other charges from 1-2-2017 (Present balance in Term Loan Account is Rs.3,32,60,602.00) [D] DESCRIPTION OF THE IMMOVABLE PROPERTY: Description of the Immovable Property Reserve Price Earnest Deposit money 4,67,00,000/- 46,70,000/- 1) All that part and parcel of nonagricultural property measuring 8 guntas (8712 sq.ft) bearing R.S No.591/5/1 situated near Daneshwari Nagar, Akshaya Colony, Vidyanagar, Unkal Village, Hubballi with buildings constructed there on belonging to M/s Sukruti Education Society and bounded on. EAST by : Road WEST by : R.S No.592 NORTH by: Plot No.82 R.S.No.573B+578B+590B+579B+581B SOUTH by : R.S No.591/5/2 2) All part and parcel of vacant 38,25,000/- 3,82,500/- residential site bearing No.4 R.S No.573/B measuring 1 Gunta 12 Ana (1905.75 sq.ft) situated near Daneshwari Nagar, Akshaya Colony, Vidyanagar, Unkal Village, Hubballi belonging to Shri. Veeresh M Shettar and
bounded on. EAST by : R.S No.576 & 577 WEST by : Plot No.3 NORTH by : Road SOUTH by : R.S No.573/2 3) All part and parcel of residential vacant site bearing No.1 R.S.No.573/B measuring 1 Gunta 11.5 Ana (1871.17 sq.ft) situated near Daneshwari Nagar, Near Sukruti School and Akshaya Colony, Vidyanagar, Unkal Village, Hubballi belonging to Shri. Pramod S Mutnal and bounded on. EAST by : Plot No.2 WEST by : R.S No.591 & Hissa No.2A/2 NORTH by: Road SOUTH by: R.S No.573/2 4) All part and parcel of residential property bearing MIG-105, Block No.10 to 22 part of 77,78,80 to 88,100 & 101 measuring East to West 19.85 mtrs and North to South 10.65 mtrs totally 210.87 sq.mtrs with RCC building situated at Central Township, 4 th Cross, Near Rotary School, Amargol, Navanagar Hubballi belonging to Shri. Vadiraj B Mahishi and bounded on. EAST by : Road 38,00,000/- 3,80,000/- 57,00,000/- 5,70,000/-
WEST by : Plot No.MIG-108 NORTH by : Plot No.MIG-106 SOUTH by : Plot No.MIG-104 * Properties may not be sold below Reserve Price/Upset Price. Date, Time and Place of opening of the tenders received from the public - On 17-11-2017 at 11.00 A.M at Karnataka Bank Ltd., Hubballi- Durgadbail Branch, First Floor, Tabib Mansion, Opp. CBT Durgadbail, Hubballi -580020, Dharwad Dist, Karnataka [E] TERMS AND CONDITIONS OF SALE: 1) Tenders mentioning the amount offered for purchase in sealed covers superscribing TENDER FOR PURCHASE OF PROPERTY mentioned at Sl No---------, A/c of M/s Sukruthi Education Society should be accompanied with the Earnest Money Deposit mentioned therein by way of DD favouring Karnataka Bank Ltd., A/c of M/s Sukruthi Education Society and the same shall be submitted in a sealed envelope/sent by Registered Post addressed to the Authorised Officer, Karnataka Bank Ltd, Hubballi- Durgadbail Branch, First Floor, Tabib Mansion, Opp. CBT Durgadbail, Hubballi-580020, Dharwad District, Karnataka on or before 4.00 P.M on 13-11-2017 duly mentioning the amount offered for purchase. 2) The tenders should also be accompanied with self attested copy of the photo identity proof of the bidder, as may be acceptable to the Bank, along with attested copy of the PAN Card. The tenders received without Earnest Money will be summarily rejected. DDs of unsuccessful tenderers/bidders will be returned to them on the date of Auction itself and it will carry no interest. 3) The sealed tenders for sale will be opened by the Authorised Officer of the Bank in the presence of the tenderers who will be present on 17-11-2017 at 11.00 a.m. The bid is open to them and an opportunity will be given to enhance the bid amount inter-se among themselves in the multiples of Rs.10,000.00. The Authorised Officer is at liberty to accept the highest bid amount and confirm
the sale in favour of the highest bidder or reject the same without assigning any reason. 4) Successful tenderer/bidder should deposit 25% of the bid amount (including the EMD) immediately on the sale being knocked down in his/her favour and the balance sale price to be remitted within 15 days from the date of confirmation of the sale or any other date specified by the Authorised Officer. 5) The successful bidder/tenderer shall bear all the legal/incidental expenses like Stamp duty, Registration fees, Local taxes, and any other Statutory dues, etc. 6) If the successful bidder/tenderer fails to remit the balance of 75% of the bid amount within 15 days from the date of confirmation of sale or any other date specified by the Authorised Officer, the amount deposited by him/her shall be forfeited and the Bank will be at liberty to sell the property once again and the defaulting purchaser shall forfeit all claims to the property. 7) Sale is on as is where is condition subject to confirmation by the secured creditor. 8) The Authorised Officer reserves the right to reject all or any of the offers / tenders without assigning any reason or shall have the right to postpone or cancel the opening of the tenders. 9) The Authorised Officer reserves his right to vary any of the terms and conditions of this notice of sale without prior notice at his discretion. 10) The Authorized Officer is holding symbolic possession only of the property. The possession of the property will be handed over to the successful bidder in as is where is condition. 11) Intending bidders can inspect the property and for verification of the copies of the documents/title deeds available with the secured creditor or any further details, the intending bidders or tenderer may contact the Authorised Officer, Karnataka Bank Ltd, at the
address mentioned above, or Karnataka Bank Ltd, Hubballi- Durgadbail Branch, First Floor, Tabib Mansion, Opp: CBT Durgadbail, Hubballi-580020, Dharwad Dist, Karnataka Ph:0836-2263429/944959548 during office hours on any working day. Place : MANGALURU Chief Manager & Authorised Officer, Date : 10-10-2017 Karnataka Bank Ltd.