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विजया बैंक (भारत सरकार का उपक्रम)

VIJAYA BANK

(A Govt. of India Undertaking)

प्रधान कायाालय Head Office

41/2, एम जी रोड M G Road

बेंगलरू Bangalore–560001.

शाखा/कायाालय : आिप्रशा, हदैराबाद

Branch/Office : A R M B, HYDERABAD

ई -मइेल

Email : vb4076@vijayabank.co.in

िइब Web : www.vijayabank.com

फोन Phone : 040-23210442

फैक्स Fax :

E-AUCTION SALE NOTICE

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 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 :

(1) M/s. Jyothi Quality Engineering Works, Rep. by its Partners, Plot No.A-703, Usha

Enclave, Ushodaya Colony, Srinagar Colony, Hyderabad-73. Telangana.

(2) Sri Ramesh Prudhvi Raju, S/o. Sri Narasa Raju, R/o Plot No. 306, Sri Sai Niketan

Apartments, K.P.H.B.Colony, Hyderabad, Telangana.

(3) Sri P.Gunavatha Rao,S/o. P.Subramanyam, R/o Nagileru Village, Narayanavaram Mandal

Chittoor, Chittoor Dist. A.P.

(4) Sri P.Giri Babu, S/o P.Gunavatha, Rao, R/o Nagileru Village, Narayanavaram Mandal

Chittoor, Chittoor Dist. A.P.

GUARANTOR/MORTGAGOR :

(1) Sri T.Satyanarayana, S/o T.Kuranna, R/o H.No.8-30-228/82/10, Rahmatnagar,

Yousufguda, Hyderabad-45. Telangana.

(2) Sri Rajanikanth Bodo Kumar, S/o Balaram Bodo Kumar, R/o H.No.8-30-228/82/10,

Rahmatnagar, Yousufguda, Hyderabad-45. Telangana.

The under mentioned property will be sold by Online e-Auction through website

www.vijayabank.auctiontiger.net on 13/09/2017 for recovery of an amount of

Rs.17,54,874/- (Rupees Seventeen Lakhs Fifty Four Thousands Eight Hundred

Seventy Four Only) as on 31/07/2017 in Loan A/c.No.407706011000030 from the

Borrower/s, Guarantor/s and Mortgagors jointly, severally and personally along with future

interest from 01/08/2017 and other expenses till the date of realization with costs.

Date and Time of

Auction

13/09/2017 between 11.00 A.M and 01.00 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.

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Reserve Price For Property No.I : Rs.4,92,300/- (Rupees Four Lakhs Ninety

Two Thousands Three Hundred Only)

For Property No.II : Rs.10,08,900/- (Rupees Ten Lakhs Eight

Thousands Nine Hundred Only)

For Property No.III : Rs.3,36,600/- (Rupees Three Lakhs

Thirty Six Thousands Six Hundred Only)

Earnest Money Deposit For Property No.I : Rs.49,230/- (Rupees Forty Nine Thousands

Two Hundred Thirty Only)

For Property No.II : Rs.1,08,890/- (Rupees One Lakh Eight

Thousands Eight Hundred Ninety Only)

For Property No.III : Rs.33,660/- (Rupees Thirty Three

Thousands Six Hundred Sixty Only)

Bid increment Amount Rs.5,000/- (Rupees Five Thousands Only)

Date of Inspection of

property for intending

purchasers

29/08/2017

SCHEDULE OF THE PROPERTIES

Prop. No.I : All that the piece and parcel of Open Plot No. 16, in Sy.Nos. 65/2 A, AA, E, EE,

admeasuring 391.66 sq.yards. or 327.43 sq.mtrs. of Prudhvi Projects, Site-D, situated at

Ghatpally Revenue Village and Gram Panchayat, Maheshwaram Mandal, R.R.Dist. and bounded

by:

North: Plot no.25

South: Plot No.27

East : 33’ wide road

West : Neighbour’s land

Prop. No.II : All that the piece and parcel of Open Plot Nos. 36, 44 & 45 in Sy.Nos. 65/2 A,

AA, E, EE, admeasuring 801 sq.yards. or 669.63 sq.mtrs. of Prudhvi Projects, Site-D, situated

at Ghatpally Revenue Village and Gram Panchayat, Maheshwaram Mandal, R.R.Dist. and

bounded by:

Boundaries for Plot Nos. 36, Area 267 sq.yards.

North: Plot no.35

South: Plot No.37

East : 33’ wide road

West : Plot no.22

Boundaries for Plot Nos. 44 & 45, Area 534 sq.yards.

North : Plot no.46

South : Plot No.43

East : Plot Nos. 11 & 10 (Site-F)

West : 33’ wide road

Prop. No.III : All that the piece and parcel of Open Plot No. 21, in Sy.Nos. 65/2 A, AA, E, EE,

admeasuring 267 sq.yards. or 223.21 sq.mtrs. of Prudhvi Projects, Site-D, situated at

Ghatpally Revenue Village and Gram Panchayat, Maheshwaram Mandal, R.R.Dist. and bounded

by:

North: Plot no.22

South: Plot No.40 (Site-E)

East : Plot No.37

West : 33’ wide road

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STATUTORY 15 DAYS SALE NOTICE IN RESPECT OF IMMOVABLE PROPERTIES

UNDER SARFAESI ACT 2nd AND SUBSQUENT SALE

The Borrower/Guarantors are hereby notice to pay the sum mentioned above within 15 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, 2002.

Terms and Conditions of Sale :

1. Auction/bidding shall only be through “online electronic mode” through the website of the

Service Provider www.vijayabank.auctiontiger.net. 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,

Phone No. 079-40230811/12/10. Contact Person Mr.Ramesh (Ahmedabad) –

Mobile No.09898745874 and Mr.Bhaskar D (Hyderabad) – Mobile No.8341410158

and Mr.P.Bala Raju (Hyderabad) – Mobile No.9052104661 Email Id:

telangana@auctiontiger.com.

4. Bidders are advised to go through the website www.vijayabank.auctiontiger.net 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.

406800301000351 - Vijaya Bank, Basheerbagh Branch, Hyderabad through IFSC

Code “VIJB0004068“ 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

11-09-2017 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. Jyothi Quality Engineering Works.”. Tender forms may be collected from the

bank’s office.The reserve price below which the properties “SHALL NOT” be sold is For

Property No.I : Rs.4,92,300/- (Rupees Four Lakhs Ninety Two Thousands Three Hundred

Only) For Property No.II : Rs.10,08,900/- (Rupees Ten Lakhs Eight Thousands Nine

Hundred Only) For Property No.III : Rs.3,36,600/- (Rupees Three Lakhs Thirty Six

Thousands Six Hundred Only).

7. 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/e-mail both to the Authorised

Officer, Vijaya Bank, ARM Branch, Hyderabad, and service provider for getting declared as

highest/successful bidder in the auction.

8. 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

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days after the sale date by RTGS/NEFT/Funds Transfer to the credit of A/c. No.

406800301000351 - Vijaya Bank, Basheerbagh Branch, Hyderabad through IFSC

Code “VIJB0004068“or by DD/Pay Order favoring Vijaya Bank, ARM Branch

payable at Hyderabad.

9. 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.

10. 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, 2002.

11. As per Sec.194 IA of the Income Tax Act, 1961, TDS @ 1% will be applicable on sale

proceeds, in excess of Rs.50,00,000.00 and the successful bidder/purchaser will deduct

TDS & deposit the same by furnishing the challan-cum-statement in Form No.16-B,

containing the Bank’s Name & Pan Number as a seller and submit the original receipt of

TDS certificate to Bank.

12. 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.

13. 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.

14. 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.

15. All bidders shall be deemed to have read and understood the terms and conditions of sale

and be bound by them.

16. The Authorized Officer may postpone/cancel the e- Auction without assigning any reason

thereof.

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.

19. The original title documents are deposited in Hon’ble Court/DRT/CBI. The Bank will take

necessary steps for getting back the original title documents to hand over to the successful

bidder, which may take minimum of 90 days from the date of submission of copy of

registered sale deed executed by the Bank in favour of the successful bidder.

Note : The intending bidders may contact the Authorised Officer, Vijaya Bank,

ARM Branch, No.103 & 104, First Floor, Babukhan Estate, Basheerbagh,

Hyderabad-500001, for ascertaining the details of property and also for inspection of

property on the date fixed by the Bank (Contact No. 040-23210442, Email ID:

hyd.armb4076@vijayabank.co.in).

Place : Hyderabad. Authorized Officer,

Date : 18-08-2017. Vijaya Bank, ARM Branch, Hyd.