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Karnataka Bank Ltd.Your Fandiv Efank. Acrces India.

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SALE NOTICE 0F IMMOVABLE PROPERTIESE-Auction Sale Notice for Sale of Immovable Assets under the Securitisation andReconstniction of Financial Assets and Enforcement of Security Interest Act 2002 readwith proviso to nile 8(6) of Security Interest (Enforcement) Rules, 2002.Notice is here by given to public in general and in particular to Borrower (s) andGuarantor (s) that the below described immovable property mortgaged /charged to thesecured Creditor, the constructive Possession of which has been taken by the AuthorisedOfficer of Kamataka Bank Ltd, the Secured Creditor on 28.06.2019, will be sold on "As isWhere is ``, ``As is What is" and "Whatever there is" on 27.01.2020, for recovery ofRs.2,59,18,020.50 (Rupees Two Crore Fifty Nine Latch Eighteen Thousand Twenty and Fifty

Lalo=)s:u:°Ef±gwh¥Eu£L:r8:d['£'v3e7:8;4.F5:u(rRfeef±Sep:rs.°e;e::negntyw;Fivefu¥inT¥e¥ts:rvo:01.12.2019 under PS Over Draft Loan A/c 3297000600115001, ii) R8. 50,24,464.00 ( RupeesFifty Lakhs Twenty Four Thousand Four Hundred Sixty Four) along with future interest from01.12.2019 under Protested Bin A/c No. 3297003900004801, iii) Rs. 30,49,583.00 ( Rupees ThirtyLakhs Forty Nine Thousand Five Hundred Eighty Three) along with future interest from01.12.2019 under Protested Bill A/c No.3297003900004901, iv) Rs. 53,06,099.00 ( Rupees FiftyThree Lakhs Six Thousand Ninety Nine) along with future interest from 01.12.2019 underProtested Bill A/c No.3297003900005001, plus costs, due to the Karnataka Bank Ltd,Hyderabad Banjara Hills Branch, Plot No.50 Srinagar colony, Banjara Hills Hydreabad-500073 the Secured creditor from (1)M/s G R Constructions, Represented by its partners: (i)Mr. Gurava Reddy (ii)Mrs. Madhavi Mandyam (iii) Mr. Hari Prasad Reddy (iv)Mr. SuryaPrakash Reddy addressed at: H.No. 2-33/3/P, Flat No. 401, Sri .Achyutha Sai Residency,Prashant Nagar, Nizampet, Hyderabad-500072. (2)Mr. Gurava Reddy, S/o Mr. Rosi Reddy M,(3)Mrs. Madhavi Mandyam, W/o M. Gurava Reddy, 1,2& 3 are addressed at: Flat No. 102,Sai Srinivas Appartments, Behind Pulla Reddy Sweets, Vivekananda Nagar, Kukatpally,Hyderabad-500072 (4) Mr. Hari Prasad Reddy S/o Mr. Ramanandha Reddy 3-102,Nallamanikalva (Vil), Thanepalle, Kuntrapakam (Post) Timpati Rural, Chittoor, AndhraPradesh-517561 (5)Mr.Surya Prakash Reddy, S/o Mr. Pattabhi Reddy Iyappareddygari (6)Mrs.M Leelavathi, W/o M. I Surya Prakash, No. 5 & 6 are addressed at 16-799, Vinayaka Street,Sri Rant Nagar Clony, Srikalahasti Chittoor, Andhra Pradesh-517644, being borrowers/

guarantors/ co - obligants.DESCRIPTION OF THE I"OVABLE PROPERTIES

ItemNo Description of Properties Reserve Price Ernest MoneyDeposit

II All that part and parcel of Site property ad Rs. 37.50 1akhs Rs. 3.751akhs (measuring 204 cents bearing Sy.no. 221/1, situated ( Rupees Thirty Rupees Threeat Pudi group, Thirunandyam Village, Seven Lakhs Fifty Lakhs SeventyVadamalapet Mandal, Chittoor belonging to Thousand) Five ThousandMr.Gurava Reddy. Only)

Jt All that part and parcel of residential land Rs. 19.00 lakhs Rs.1.90 lakhs

measuring 1452.96 Sq. Fts and building constructed ( Rupees Nineteen ( Rupees Onethereon, Bearing D No. 1-77(old) 15-1-1(new) Lakhs) Lakh Ninetysituated at Thi}runandyam Village & Panchayat , . ThousandVadamalapet Mandal, Chittor District belonging to Only)Mr. Gurava Reddy

Ill!Allthatpartandparcelofvacantlandadmeasuring

Rs. 156.001akhs Rs. 15.60 1akhs

18297.50 sq.ft bearing Sy.No. 23/68, 23/6D, 7/5 & ( Rupees Cine ( Rupees17/4A Plot no. 325 ,327&329 , situated at Crore Fifty Six Fifteen ljakhsNallamanikalva Village, Vemuru Groups ,Tirupathi Lakhs) SixtyRural Mandal, Chittor Dist. belonging to Mr. Hari ThousandPrasad Redy. Only)

IV All that part and parcel of land ad measuring 151 Rs. 25.501akhs Rs. 2.55 lakhscents bearing Sy.No. 82/9 , Near M P P School ( Rupees Twenty (Rupees TwoAyannagari Palli Village & Gram Panchayat ,No. 19, Five - Fifty Lakh Fifty FivePattiputtur Group, Vadamalapeta Mandal, Chitt`oor Thousand) Only)Dist belongs to Mr. I Surya Prakash Reddy

V All that part and parcel of site property ad (Rs. 16.00 1akhs Rs.1.60 lakhs

measuring 1200 sq.ft bearing Sy.No. 171/1 , Plot No. ( Rupees Sixteen ( Rupees Cue4(P) & 5(P) situated at Konkachennalah Gunta Lakhs) Lakh SixtyVillage, Akkarampalli Group, Tirupati Urban Thousand)IMandal, Chittoor Dist belonging to Mrs. MLelavathi

(The borrower's / mortgagor's attention is invited to the provisions of Sub-section (8) of Section13 of the Act, in respect of time available to redeem the secured asset).(This Notice shall also serve as Notice under Sub Rule (6) of Rule (8) of Security InterestEnforcement Rule s-2002 to the Bomower/Guarantors).For detailed temLs and conditions of sale, please refer to link in Karnataka Bank'sWebsite ie.,www.kamatakabank.com under the head "mortgaged assets for sale".The E-auction will be conducted through portal https:/foankauctions.in/ on 27/01/2020 from11:00 am to 12:00 pin with unlimited extension of 10 minutes. The intending bidder isrequired to register their name at https:/foankauctions.in/ and get the user Id and passwordfree of cos+ and get tratnir\8 online training on E-auction ( tentatively on 2610112020) fromM/s.4closure, Flat No.102, Plot No.20, Amrutha Apartments, Mothinagar, Hyderabad-500018 contact No.040-23836405, mobile 8142000061/66, E-mail: subbarao@bankauctions.inand info@bankauctions. in.

TERMS AND CONDITIONS OF SALE:1) For participating in E-auction, intending bidders have to deposit a refundable EMD of10% (EMD mentioned in Description)of Reserve price by way of RTGS/NEFT/ fund transferto the credit of account number 3293500200004101, Kamataka Bank Ltd, HyderabadBanjara Hills Branch IFSC code KARB0000329 or by DD/ pay order favouring ``KamatakaBank Ltd., A/c of M/8 G R Constructions ", payable at Hyderabad.

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2) After Online Registration, the intending bidder should submit the duly filled in bid form(format available in the above website) along with DD/ quoting the UTR number or NEFT /RTGS remittance towards EMD in a sealed cover as ``Tender for property purchase ItemNo. 1) M/s G R Consthictions & others" (as the case may be) & duly mentioning theamount offered for purchase shall be submitted to The Authorised Officer, Kamataka BankLtd, Asset Recovery Management Branch, Plot No. 50, Srinagar Colony, Road No. 3,Banjara Hills, Hyderabad -500073. before 5.00 PM on 25.01.2020.3) The bid will be open to them and an opportunity will be given to enhance the bid

amount in the multiples of Rs. 10,000=00, Interse bidding among the qualified bidders shallstart from the highest bid quoted by the qualified bidders. During the process of intersebidding, there will be unlimited extension of ``10 minutes" that is the end time of E-auctionshall be automatically extended by 10 minutes. Each time if bid is made within 10 Ininutesfrom the last extension.4) The Authorised Officer is at liberty to accept the highest bid amount and confirm the salein favor of the highest bidder or reject the same without assigning any reason.

:Ls.uucnc,;sis#::Tad,:I;r.ronifeers::obuelfgdip:gtegi%;;iEehipsifiearTaovu.nutr`=:ufeinbga|Tne.eE:1:price has to be remitted within 15 days from the date of confirmation of the sale or any otherdate specified by the Authorised Officer. The successful bidder/tenderer shall bear all thelegal/incidental expenses like Stamp duty,registration fees, local taxes, and any other statutory dues, water and electricity dues, etc.6) Bids once made shall not be canceled or withdrawn. All bids made from the user IDgiven to the bidder will be deemed to be have been made by him alone.7) Immediately upon closer of E-auction proceedings, the highest bidder shall confirm thefinal amount of the bid quoted by him/ her by scan & email both to the authorized officer ofthe Karnataka Bank i.e hyd.arm@ktkbank.com / 992@ktkbank.com and the service providerinfo@bankauctions.in for getting declared as successful bidder in the auction sale proceed-ing.8) The successful bidder shall deposit 25% of the bid amount (including EMD) on the sameday of the sale or within 24 hours, being knocked down in his favour and balance 75% ofthe bid amount within 15 days from the date of sale by RTGS /NEFT/fund transfer credit ofaccount number 3293500200004101, Kamataka Bank Ltd, Hyderabad Banjara Hills BranchIFSC code KARB0000329 or by DD/Pay order favoring Kamataka Bank Ltd., A/c of "M/s GR Constructions ``Payable at Hyderabad. EMD of unsuccessful bidders will be returned.9) Sale certificate will be issued by the authorized officer in favour of the successful bidderonly upon deposit of entire purchase price / bid amount and Furnishing the necessary proofin the respect of payment of all taxes/charges.10) 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 as specified by theAuthorised Officer, the amount deposited by him / her shall be forfeited and the Bank will beat liberty to sell the property once again and the defaulting purchaser shall forfeit all claimsto the property.11) The Authorised Officer is holding only the symbolic possession of the property and is nothaving the physical possession of the property. Thus the successful bidder will be handedover the property on 'as is where is condition'.

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12) The Authorised Officer reserves his right to vary any of the terms and conditions of thisnotice of sale without prior notice at his discretion.13) For inspection bf the property and verification of the copies of the documents/titledeeds available with the secured creditor or any further details, the intending bidders ortenderer may contact the Authorized Officer, Kamataka Bank Ltd, Plot No. 50, SrinagarColony, Road No. 3, Banjara Hills, Hyderabad - 500073,Phone:040-23750515, 23741627 ,23730324,/ 9985388044 (BM), 9652555570 (ABM), during office hours on any working day.14) The bidders may participate in E-auction for bidding from their place of choice.Internet cormectivity shall have to be ensured by the bidder himself. Bank/service providershall not be held responsible for internet connectivity, network problems, system crashdour, power failure etc.15) All bidders who submitted the bids, shall be deemed to have read the understood theterms and condition of E-auction sale and be bound by them.

Date: 09.12.2019Place: Hyderabad