Zonal Office: 5-9-88/18/88/2, 1st
Floor, Saphire Complex, Chapel
Road, Hyderabad - 500 001,
Telangana
E-AUCTI0N SALE NOTICE
Sale of Movable/ Immovable Assets under the Securitisation And
Reconstruction of Financial Assets and Enforcement of Security Interest Act
2002
Whereas the Authorised Officer of Corporation Bank had taken possession of the
following secured assets pursuant to notice issued under Sec. 13(2) of Securitisation
and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
(SARFAESI) for recovery of the secured debts of the secured creditor, for the dues as
mentioned herein below with further charges and cost thereon from the following
borrowers/guarantors. Public at large is informed that e-auction (Under SARFAESI Act)
of the following properties for realization of the debts due to the Bank will be held on “As
is Where is” and “As is What is” Basis and on the terms and conditions specified herein
below:
Borrower No.1 : MRS
VANGALA SANDHYA RANI, W/O.SHANTHI KRISHNA,,
POST:CHOUTAPALLY,, SPO.PANTHINI,, WARANGAL DIST 506 310
Borrower No.2 :MR
VANGALA SHANTHI KRISHNA, 1-67, CHOUTAPALLY POST,
PARVATHAGIR MANDAL, WARANGAL DISTRICT, 506 310
Debt Due : Rs. 5,60,890.00 + Interest Suspense + Other Charges
Secured Creditor: Corporation Bank, WARANGAL
BRANCH (184) 8-9-95,
J.P.N.ROAD, POST BOX NO.71,, WARANGAL, TELANGANA, 506 002
Date of Demand Notice. 29/01/2009, Date of Possession. 18/05/2010
EMD Rs.97500/- (Rupees Ninety Seven Thousand Five Hundred Only) Account
No.018400201999952, IFSC Code- CORP0000184
Reserve Price Rs. 975000/- (Rupees Nine Lac Seventy Five Thousand Only) Bid
incremental value Rs. 15000 /-.
Description of the property:
Residential building on H.No.1-67, with an area of 1060 sq yards of land at H No. 167, choutapalli(v) Parvathagiri Mandal, Warangal, Telangana. In the name of Mrs.
Vangala Sandhya Rani W/o Mr. Shanthi Krishna. Boundaries: North: Takkepally
Gopal Rao House South: House of Mettapalli Jaganada Rao East: Building of Y
Mohan West: Land & House of Prasad
Date of Inspection : Between 02/05/2017 to 17/05/2017 with prior information
TERMS AND CONDITIONS:
(1) E-Auction is being held on “AS IS WHERE IS” & “AS IS WHAT IS” BASIS and will be
conducted On Line.
(2) The E-auction will be conducted through portal https://bankauctions.in on
18/05/2017 from 11.45 AM to 1.15 PM with unlimited extension of 10 Min.
(3)For detailed procedure and terms and conditions of E-Auction, interested bidder may
visit https://bankauctions.in M/s. 4Closure, Flat No.102, Amrutha Aparatments,
Plot No.20, Motinagar, Hyderabad - 500 018 - Ph: 040-23836405, 08142000062/3,
Email:
[email protected],
Mr.
U.
Subbarao,
+91
8142000061,
[email protected] & download business rule document.
(4)The intending purchaser/bidder is required to submit EMD by way of demand draft or
NEFT/RTGS in the above mentioned respective account of Authorised Officer,
Corporation Bank, WARANGAL BRANCH (184) on or before 17/05/2017, 05.00.PM
and register their name at https://bankauctions.inand get user ID and password free of
cost and get training / on-line training on E-Auction from M/s. 4Closure, Flat No.102,
Amrutha Aparatments, Plot No.20, Motinagar, Hyderabad - 500 018 - Ph: 04023836405, 08142000062/3, Email: [email protected], Mr. U. Subbarao, +91
8142000061, [email protected]
(5)To the best of Information and Knowledge of the Authorised Officer, there is no
encumbrance on the property. However the intending bidders should make their own
independent enquires regarding the encumbrances, title of the property put on auction
and the claims / rights/ dues affecting the property, prior to submitting their bid. The E
Auction advertisement does not constitute and will not be deemed to constitute any
commitment or any representation of the Bank to sell the property. The Authorised
Officer/ Secured Creditor shall not be responsible in any way for any third party
claims/rights/dues.
(6)The person declared to be the successful bidder shall deposit 25% (twenty five percent)
of sale price, less EMD deposited immediately and remaining amount shall be paid
within 15 days from the date of confirmation of Sale.
(7)Bank reserves the right to cancel the sale for any reason it may deem fit or even
without assigning any reason thereof.
(8) Dr. M. Satyanarayana, +91 93909 95554 / 0870 - 2501058, [email protected]
(9) In the event of failure of the successful bidder to tender 25% of the sale price then
and there, the EMD deposited by him shall be forfeited to secured creditor and the bid
accepted shall stand cancelled automatically.
(9)This publication is also be treated as 30 days notice to the borrower and the
guarantor.
Date & Time of Auction : 18/05/2017, 11.45 AM to 1.15 PM (with 10 min unlimited
auto extensions)
Place : HYDERABAD
Date : 13/04/2017
AUTHORISED OFFICER
CORPORATION BANK