1. Healthcare

ING VYSYA BANK LIMITED
Regional Office, #3-6-438/5&6,
Naspur House, Himayatnagar,
HYDERABAD ~ 500 029
Email: [email protected]
Ph: 040-23446605
Regd., & Corp. Off: ING Vysya House, # 22, M.G.Road, Bangalore -1
Corporate Identity No. L85110KA1930PLC000124
www.ingvysyabank.com Ph.080 - 25005000
Structured Credits Group
Dt.31.01.2015
AUCTION NOTICE OF SALE
Through the process of Tender cum Bidding
Notice is hereby issued to the public in general and the Borrower / Guarantors and Mortgagor in particular that the
immovable property described herein, taken possession under the provisions of Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act, 2002 & Security Interest (Enforcement) Rules 2002 will be
sold by way of Auction – through the process of Tender cum Bidding for recovery of the amount mentioned herein
under together with further interest, and costs, etc. as detailed below.
Details of the Borrower/Guarantors/Mortgagor:
1.
2.
M/s. A. V. Siddaradha Commission Merchants
Prop: Achi Satyanarayana s/o. Venkanna
D.No.2-5-132, Bhakta Pothana Street
Near Wonder kid High School, Khammam – 507 003
Smt. Achi Mangamani W/o .Satyanarayana
D.No.2-5-132, Bhakta Pothana Street
Near Wonder kid High School, Khammam – 507 003
Details of Auction:
Last date for receipt of tenders:
Date and time of opening Tenders & bidding:
~Borrower, Mortgagor & Guarantor
~ Guarantor
07.03.2015 up to 02.00 P.M.
09.03.2015 at 11.30 A.M.
Place for submission of Tenders & opening
ING Vysya Bank Ltd., 2-3-137, Gandhi Chowk, Khammam –
Tenders & Auction Venue:
507 003
Reserve Price:
Rs. 37,00.000/- (Rupees Thirty Seven Lakhs Only)
Earnest Money Deposit (EMD):
Rs. 3,70,000/- (Rupees Three Lakhs Seventy Thousand Only)
Total Amount to be recovered:
Rs.23,28,556/-(Rupees Twenty Three Lakhs Twenty Eight Thousand Five Hundred Fifty Six only) together with
further interest thereon @ 18.05 % p. a., compounded monthly rests from 31.01.2015
Details of the immovable property:
Mortgaged by Sri Achi Satyanarayana S/o. Venkanna, covered by Regd. Sale Deed No. 3405/ 2007, Dt: 23.03.2007
All that part & parcel of Building bearing D. No.2-5-132 developed on land admeasuring 93 Sq.Yards or 77.76 sq. mts.
situated at Potti Sreeramulu Road, Baktha Pothana Veedhi, Khammam Municipality, Khammam Sub-Registry,
Khammam District and bounded on:
North by
:
Joint Wall and House of Rayapudi Balaram
South by
:
Joint Compound Wall and house of
Aakarapu Nageswara Rao
East by
:
Municipal Road
West by
:
House of Bonala Venkaiah
Terms and conditions :
1.
The intending Bidders should submit their quotations at the Auction Venue mentioned above, for the above
property in a closed cover Superscripting the cover as “Tender for the property of Mr Achi Satyanarayana”
along with EMD by way of DD / Pay Order drawn in favour of ING Vysya Bank Ltd., payable at Khammam, on or
before 07.03.2015 up to 02.00 p.m. which is refundable without interest if the Bid is not accepted. The offers
received without the stipulated EMD and / or below the RESERVE PRICE will be summarily rejected.
2
2.
The EMD shall be liable for forfeiture, at the sole discretion of the Authorized Officer, without any prior notice if
the successful Bidder fails to adhere to the terms of sale, time of payment or commit any default in any manner.
3.
The sealed tenders will be opened by the Authorized Officer in the presence of available / attending Bidders on
09.03.2015 at 11.30 a.m., at the auction venue.
4.
After opening the tenders, the eligible bidders may be given an opportunity at the discretion of the Authorized
Officer at 11.30 a.m. on 09.03.2015 to have inter-se quote among them to enhance the offer price. The bid /
inter-se quote shall start from the highest amount quoted among the eligible tenders.
5.
The successful bidder shall deposit 25 % of the bid amount (in addition to the EMD paid along with tender)
immediately on the same day after the Auction is completed, by DD / Pay order drawn as above and the balance
Sale Price shall be paid within 15 days from the date of confirmation of sale price or such extended period as may
be agreed in writing by the Authorized Officer. In case of default, all amounts deposited till then shall be
forfeited and the property / properties shall be resold, at the sole discretion of the Authorized Officer.
6.
The successful bidder shall bear all expenses including statutory dues / arrears of taxes / charges for water,
electricity / any third party claims and fees payable for conveyance, stamp duty, registration fee, etc., for
Registration of Sale Certificate in his / her favour.
7.
The Authorized Officer reserves the absolute right to accept / reject any or all the offers or adjourn / cancel the
sale process without assigning any reason there for and also to modify any terms and conditions of sale without
any prior notice.
8.
The Authorized Officer will not be held responsible for any charge, lien, Third party Claims or municipal property
tax, water charges or any other dues to Government or anyone in respect of the property under sale.
9.
On confirmation of sale by the secured creditor and if the terms of payment, have been complied with, the
Authorized Officer exercising the powers of sale will issue a certificate of sale of immovable property in favour of
the successful bidder.
10. The Bank is not liable to pay any interest / refund of amount in case of any delay in issuance of confirmation of
sale / Sale certificate by virtue of orders of any court / tribunal received after the auction is held.
11. The property is being sold on “As is where is & whatever there is” basis and the Interested parties are advised to
make discreet enquiries about the property and should satisfy themselves about the title, extent, quality and
quantity of the property before submitting their bids. The Bank does not in any way guarantee or makes any
representation with regard to the fitness / title of the aforesaid property.
12. The aforesaid property will not be sold below the Reserve Price.
13. The particulars specified herein have been stated to the best of the information available to the undersigned,
and the undersigned shall not be answerable for any error, misstatement or omission in the notice.
For any further details & for inspection of the property under sale, the intending bidders may contact the
Relationship Manager, Khammam on Mobile No 98480 17904 or Regional Recovery Manager, Visakhapatnam, on
Mobile No. 96666 45402, during Office Hours on any working day.
This is also a notice to the Borrower, Guarantors & Mortgagor of the above said loan about holding of such sale as per
above schedule, if the outstanding dues are not paid in full. Borrower, Guarantors / Mortgagor also can mobilize the
bids for the auction sale scheduled to be held on 09.03.2015 as per the above terms and conditions.
Authorized Officer
For ING VYSYA BANK LTD