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Sbi Vs M/s. Sri Southern Electricals & Insulators Pvt Ltd

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STATE BANK OF INDIA SME BRANCH, 4TH CROSS, ASHOK NAGAR TUMKUR. PHONE : 0816 2261599. PUBLIC NOTICE FOR SALE OF IMMOVABLE PROPERTIES THROUGH e-AUCTION SALE OF IMMOVABLE PROPERTIES MORTGAGED TO THE BANK UNDER SARFAESI ACT, 2002 Online electronic bids are invited from the general public for purchase of the below mentioned schedule assets through e-auction under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the Rules there under on ‘As is where is’ and ‘As is what is’ condition for realization of outstanding dues from the borrower mentioned hereunder: STATE BANK OF INDIA CHIEF MANAGER: SRI SRI RAM PHONE : 0816 2261599 / 9449875524 PHONE: 9008779977 e-MAIL: sbi.16486@sbi.co.in Name & Address of the Borrowers/Guarantors M/s. Sri Southern Electricals & Insulators Pvt Ltd, Plot No. 19, KIADB Industrial Area, Antharasanahalli, Tumkur-572106. Represented by its Directors and personal Guarantors: (1) Sri Krishnamurthy R., S/o Sri Agaiah, # 101, Sahasra Grandeur Apartment, 2nd Cross, Opp: Sharada Vidyalaya, Amruthanagar, Bangalore North, Sahakaranagar Post, Bangalore – 560092. (2) Smt Swaroopa Rani R., W/o Sri Krishnamurthy, # 101, Sahasra Grandeur Apartment, 2nd Cross, Opp: Sharada Vidyalaya, Amruthanagar, Bangalore North, Sahakaranagar Post, Bangalore – 560092. (3) Sri R Sunil, S/o Sri Sambamurthy Rama, # 202, Elegant Apartments, Rajbhavan Road, Somajiguda, Hyderabad – 500082. Amount Due to the Bank Rs. 3,93,49,764-72 (Rupees Three crore ninety three lac forty nine thousand seven hundred sixty four and paise seventy two only) as on 24.07.2019 and interest from 25.07.2019 and other charges and costs thereon till the date of realization of dues. SCHEDULE OF PROPERTIES: All that part and parcel of Industrial property bearing Plot No. 19 formed in of Sy. No. Part of 6 & 17 of Antharasanahalli Industrial Area, Kasaba Hobli, Tumkur, measuring 8947 Sq Mtrs Bound: On the East by by Plot No. 18 On the West by by Plot No. 20-A, B & C On the North by by KIADB 40 feet Road On the South by by Plot No. 61-A, B & C The above Property is standing in the name of M/s Sri Southern Electricals & Insulators Pvt ltd. RESERVE PRICE : Rs. 6,06,00,000-00 (Rupees Six crore six lac only) EMD : Rs. 60,60,000-00 (Rupees Sixty lac sixty thousand only) e-Auction Website https://bankeauctions.com Date & Time of e-Auction Date: 06.09.2019 Time: 12.00 Pm to 01.00 PM With auto extension of 5 mins for each bid, if the bidding continues, till the sale is concluded. EMD Remittance Deposit through EFT/NEFT/RTGS transfer in favor of "SARFAESI EMD ACCOUNT" to the Credit of A/c No. 64145503843 at State Bank of India, SME Branch, Tumkur. Branch Code: 16486 IFSC Code: SBIN0016486 Bid Multiplier Rs. 1,00,000-00 Last date for submission of bid application with EMD 05.09.2019 upto 4.00 PM TERMS AND CONDITIONS 1. E-auction Sale of properties (write appropriately - movable assets and/or immovable assets) is being held on “AS IS WHERE IS” and “AS IS WHAT IS” basis and the auction will be conducted “Online”. The auction will be conducted through the Bank’s approved service provider M/s C1 India Pvt. Ltd. Gurgaon, at their web portal https://bankeauctions.com. E-Auction Tender Document containing online e-auction Bid Application, Declaration, General Terms and Conditions of online auction sale are available in https://bankeauctions.com. 2. The Authorised Officer has taken Physical Possession of the property. 3. To the best of knowledge and information of the Authorised Officer, there is no encumbrance on the properties. However, the intending bidders should make their own independent enquiries regarding the encumbrances, title of properties put on auction, approved /sanctioned plan from appropriate statutory authority and claims/rights/dues affecting the properties, prior

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