Details
| Auction Date | : | 15-Jul-2011 |
| Time of Auction | : | 3.00PM |
| Place of Auction | : | Andra Bank,Nagarbhavi Branch,Nagarbhavi 2ns Stage,Bangalore. |
| Authority | : | Andhra Bank |
| Location of property | : | 2 nd main,15th cross, Annapurneshwari nagar, Srigandadakaval,Bangalore-91. |
| Area of property | : | 1100Sq ft |
| Schedule of property | : | |
ANDHRA BANK (A Govt. Of India undertaking) #19/6,Ring Road,Papareddy palya,Nagarbhavi 2ns Stage, Bangalore-560072, Ph No.23210768 PUBLIC NOTICE INVITING TENDER / AUCTION Whereas the Borrower and mortgagor 1)..Mr.Basavaraju S. S/o Siddappa, No.58,Vinayaka Layout,Vijayanagar,Bangalore-560056. 2).Co-borrower Mrs. Indiramma w/o Basavaraju, No.58,Vinayaka layout, Vijayanagar,Bangalore-560056. Mr. Basavaraju S S proprietor M/s GSB Corporation, No.42, 3rd cross,krishna Temple Road, Near BDA Ring Road,Marathahalli,Bangalore-560040. 3) Co-oblignt Mr Kallanna Gowda Sompur S/o Basavanneppa,No.6025, R H C.S layout, 2nd main Road,Annapoorneshwari Nagar, Bangalore-560091, availed the credit facilities from Andhra Bank, Nagarbhavi Branch has defaulted to pay Rs.1693888/- plus interest from 31.05.2011. Therefore Andhra Bank in excercise of powers conferred under section 13 of Securilization and Reconstruction of financial Assets and Enforcement of security interest Act (Act 54 of 2002)has decided to sell the property detailed below by inviting tenders from the General public. The reserve price is fixed at Rs.2000000/- ( Rupees Twenty lakhs only) below which the property would not be sold. The person interested in purchase of the property may submitt the sealed tenders to chief Manager & Authirized Officer, Andhra Bank,Nagarbhavi Branch, Bangalore along with earnest money of Rs. 200000/- (Rupees two lakhs only) by the way of D/D drawn in favor of Authorized Officer on or before 12.7.2011. The tenders recieved without the earnest money will be summarily rejected. The tenders recieved will be opened on 15.07.2011 at 3.00PM at Andhra bank,Nagarbhavi Branch, #19/6, Ring Road,papareddy palya, Nagarbhavi 2nd Stage,Bangalore-560072. the property will be sold to the person who has offered the highest price. The successful bidder / purchaser shall have to deposit 25% of the bid/ price amount immediately with the Authirized Officer and the balance amount within 15 days. If the balance amount is not paid within15 days, the amount deposited will be forfeited and the and the bank will be liberty to sell the property once again. There are no encumbrances known to the above said branch on the property. The parties interested to inspect the property may do so during the office hours between 2.00PM to 5.00PM on 14.07.2011 after obtaining prior permission/ on consultation with the authorized officer of the Branch Manager of the above mentioned Branch. The purchaser shall be liable for payment of local taxes. Exercise. duty and any other statutory dues and the stamp duty on the documents executed for affecting the sale. The property will be sold as is where- is- condition. The desision of the bank regarding sale of the property shall be final, binding and unquestionable. The Bank reserves its right to cancel or postpone the sale without assigning any reasons. The tender are to be submitted in the prescribed from, which will be available with the undersigned and/or the Branch Manager of the above mentioned Branch on payment of Rs.50/-. Description Of Property Description of Immovable property belonging to Mr. Basavaraju S.S. Details of Property :- Flat No.104, 1st floor chandan Apartment site No. 56/212/37/25, Sy no. 27/25,BMP Khata No.266/509 Near Swarnajyothi play home,2nd main 15th cross, Annapurneshwari,Srigandadakaval Bangalore-91. Admeasuring 1100Sqft Super builtup area Boundries East : site of Rajajinagar HBCS layout, West : Road, North : Site of HFWD employees layout, South : private property. Reserve Price: 20.00 Lakhs
Date : 15.06.2011 Place : Bangalore
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| Minimum EMD (in lacs) | : | 2000000 |
| Contact name | : | Andhra Bank |
| Contact number | : | 23210768 |