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    Sale Notice For Sale of Immovable Properties

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    Kiran Kumar Akula
    The document is a notice for the sale of 3 immovable properties owned by M/s G.I. Estates and guarantors to recover a loan amount of Rs. 6,34,53,091.80 from an auction to be held on August 19, 2020. The properties listed are: 1) A factory site of 9.02 cents reserve price Rs. 1.69 crores, 2) A quarry land of 6.07 cents reserve price Rs. 1.12 crores, and 3) An open land of 2.03 cents reserve price Rs. 0.10 crores. Interested bidders can contact the authorized officer for inspection details.

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    © All Rights Reserved
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    Sale Notice For Sale of Immovable Properties

    Uploaded by

    Kiran Kumar Akula
    62 views2 pages
    The document is a notice for the sale of 3 immovable properties owned by M/s G.I. Estates and guarantors to recover a loan amount of Rs. 6,34,53,091.80 from an auction to be held on August 19, 2020. The properties listed are: 1) A factory site of 9.02 cents reserve price Rs. 1.69 crores, 2) A quarry land of 6.07 cents reserve price Rs. 1.12 crores, and 3) An open land of 2.03 cents reserve price Rs. 0.10 crores. Interested bidders can contact the authorized officer for inspection details.

    Original Description:

    Auction

    Original Title

    Guntur

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    © © All Rights Reserved

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    The document is a notice for the sale of 3 immovable properties owned by M/s G.I. Estates and guarantors to recover a loan amount of Rs. 6,34,53,091.80 from an auction to be held on August 19, 2020. The properties listed are: 1) A factory site of 9.02 cents reserve price Rs. 1.69 crores, 2) A quarry land of 6.07 cents reserve price Rs. 1.12 crores, and 3) An open land of 2.03 cents reserve price Rs. 0.10 crores. Interested bidders can contact the authorized officer for inspection details.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    62 views2 pages

    Sale Notice For Sale of Immovable Properties

    Uploaded by

    Kiran Kumar Akula
    The document is a notice for the sale of 3 immovable properties owned by M/s G.I. Estates and guarantors to recover a loan amount of Rs. 6,34,53,091.80 from an auction to be held on August 19, 2020. The properties listed are: 1) A factory site of 9.02 cents reserve price Rs. 1.69 crores, 2) A quarry land of 6.07 cents reserve price Rs. 1.12 crores, and 3) An open land of 2.03 cents reserve price Rs. 0.10 crores. Interested bidders can contact the authorized officer for inspection details.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Guntur Main Branch, Gowri Sankar Theatre Road, Kothapeta, Guntur-522001

    Ph No. 0863 2227420,2351005, 2229966 Fax:0863 2321919,2350522


    Mail:bm0150@andhrabank.co.in

    Regd Post/Ack Due

    Sale notice for sale of immovable properties


    E-Auction Sale Notice for Sale of Immovable Assets under the Securitisation
    and Reconstruction of Financial Assets and Enforcement of Security Interest
    Act, 2002 read with proviso to Rule 8 (6) of the Security Interest
    (Enforcement) Rules, 2002

    Notice is hereby given to the public in general and in particular to the Borrower (s) and
    Guarantor (s) that the below described immovable property mortgaged/charged to
    erstwhile Andhra Bank, now Union Bank of India, the constructive/physical possession
    of which has been taken by the Authorised Officer of erstwhile Andhra Bank, now Union
    Bank of India, will be sold on “As is where is”, “As is what is”, and “Whatever there is”
    basis on 19th August 2020, for recovery of Rs. 6,34,53,091.80 (Rupees six crores thiry four
    lakhs fifty three thousand ninety one and paise eighty only)as on 30.09.2016 along with further
    interest at contracted rate and other expenses due to the erstwhile Andhra Bank , now
    Union Bank of India, from M/s G.I.Estates and Guarantors 1. Mr Raavi Venakata Ramana 2.
    Mr.Kamireddy Tirumala Kumar 3. Mrs. Raavi Kalpana Kiran W/o Raavi Venkata Ramana and 4.
    Mr.Maddineni Rattaiah. The reserve prices of each property and the earnest money
    deposit will be as per details given below.

    SCHEDULE OF PROPERTY

    Sl. Particulars of the property Reserve Earnest


    No Price Money
    Deposit
    fixed by
    Bank
    1 1. Factory Site registered in the name of M/s G I Estates in an
    extent of Ac 9.02 Cents at D.No:564,565,belonging to Mr R Rs.1.69 Rs.16.90
    Venkata Ramana & Mr K Thirumala Kumar situated at Perecherla, crores lacs
    (Ac.3.00+Ac.4.26+Ac.1.76=Ac.9.02 cents)
    2. 2. Quarry Land registered in the name of G I Estates in an extent of Rs.11.20
    Ac 6.07 Cents at DNo:159/B1, 159/A belonging to Mr K Thirmala Rs.1.12 lacs
    Kumar situated at Repudi, Phirangipuram, Guntur Dist crores
    3 3. Open Land registered in the name of Mrs. Raavi Kalpana Kiran Rs.1.00
    W/o Mr.Raavi Venkata Ramana in an extent of Ac 2.03 cents in Rs.0.10 lac
    D.no.653 situated at Chengheesekhan Gram pachayat area, crores
    Kondaveedu Sivaru, Phirangipuram, Guntur District

    1
    For detailed terms and conditions of the sale, please refer to the link provided in Union Bank of India
    website i.e. www.unionbankofindia.co.in. To the best information and knowledge of the Authorized
    Officer, there is no encumbrance on the property. The interested bidder may contact the AUTHORISED
    OFFICER Sri M.Sreenivasa Rao ascertaining the details of auction and inspection of property on the date
    mentioned as above contact No.9553725725 (M), TelNo.0863-2252654, e-mail id:
    bm0150@andhrabank.co.in

    STATUTORY 30 DAYS SALE NOTICE UNDER RULE 8(6)/Rule 9(1) OF STATUTORY INTEREST
    (ENFORCEMENT) RULES 2002
    This may also be treated as notice u/r 8(6)/Rule 9(1) of security Interest (Enforcement) Rules, 2002
    to the borrower/s and guarantor/s of the said loan about the holding of E-auction Sale on the above
    mentioned date.

    Authorized Officer
    Place: Guntur Union Bank of India
    Date: 18.07.2020 Guntur Main Branch

    1. Borrower 2. Mortagager(s)/ Co-obligant(s)/Guarantor(s)


    M/s G.I.Estates, 1. Mr Raavi Venakata Ramana,
    Mg Partner:Mr.Raavi S/o Panduranga Rao,
    Venkata Ramana, “Roboananda”Apartment
    2nd floor 202, 3rd line Ramannapet, Guntur-522 007
    Office: 10-2-10, 2nd
    line, Sambasivapet, 2. Mr.Kamireddy Tirumala Kumar,
    Guntur–522001. S/o Srinivasulu Reddy,
    C/o Lakshmi Godavari Spinning Mills Quarters,
    Narakoduru (V), Chebrolu(M) Guntur - 522016

    3. Mrs. Raavi Kalpana Kiran


    W/o Raavi Venkata Ramana
    “Roboananda”Apartment
    2nd floor 202, 3rd line Ramannapet, Guntur – 522 007

    4. Mr.Maddineni Rattaiah,
    S/o M.Mohana Rao,
    Flat No. 503, Satyateja Apartments, 1st line,
    Pattabhipuram,
    Guntur - 522 006

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