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Asset Recovery Management Branch,

Karnataka Bank Ltd.
Your Famllv B.nk. Across lndl..
Phone
E-Mail
: 0/.0-237 556861 23745646
: hyd.arm@ktkbank.com
Plot No. 50, Srinagar Colony, Road No. 3,
Website : www.karnatakabank.com
Banjara Hills, Hyderabad - 500073.
ctN L8511oKA'1924PLC001'128

SALE NOTICE OF IMMOVABLE PROPERTY

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 Security Interest (Enforcement) Rules, 2002.
Notice is here by given to public in general and in particular to Borrower (s) and Guarantor (s)
that the below described immovable property mortgaged /charged to the secured Creditor, the
constructive Possession of which has been taken by the Authorised Officer of Kamataka Bank
Ltd, the Secured Creditor was taken on 0L.07.2020, will be sold on 'As is Where is " , "As is
What is" and "Whatever there is" on 18.01.2023, for recovery of Rs. 6,79,27,353.96 [Rupees Six
Crore Sevent5r Nine Lakh Twenty Seven Thousand Three Hundred Fifty Three and Ninety
Six Paisel under PS Overdraft Loan A/c No. 6647000600000901 plus interest from 07.72.2022
plus costs, due to the Kamataka Bank Ltd, Raiendranagar Branch (Phone: 040-24017755 (G),
9989931533 (BM),9505599333 (ABM), the Secured creditor from (1) M/s Brahmaputra Hybrid
Seeds Pvt. Ltd. represented by its directors, a) Mr.Chinnasubbannagari Venkata Ramamohan, b)
Mr. Eragam Reddy Subramanyam Reddy, c) Mr.Ram Prasad Raju Yellomraju addressed
at :H.No.10-68, Plot No.47, Phase 3, Gayatri Nagar, Karmanghat, Saroomagar, Rajendranagar,
Hyderabad - 5OOO79. (2) Mr.Chinnasubbannagari Venkata Ramamohan S/o Mr. Rami Reddy, 12-7-
134/118, Anjaneya Nagar, Moosapet, Bala Nagar, Hyderabad - 500018. (3) Mr. Eragam Reddy
Subramanyam Reddy S/o Mr. E Muni Reddy MIG 414, A2 Road No.4, KPHB Colony,
Kukatpally,Hyderabad-500073. (4) Mr. Ram Prasad Raju Yellomraiu S/o Mr. Y Krishnam Raju, FIat
No.407, H.No.3-1-30, Shivapuri Colony, Saroor Nagar, LB Nagar, Hyderabad - 500073 being
borrowers/ guarantors/ co - obligants.

DESCRIPTION OF THE IMM VABLE PROPERTY

Description of Properties Reserve Price Eamest Monev
Deposit

All that part and parcel of residential land property measuring Rs.4,59,29,000.00 Rs.46,92,900.00
5808 Sq Yds bearing survey No.286lLJ and 286/UU situated at (Rupees Four (Rupees Forty
Jadcherla Village & Mandal, Mahboobnagar District standing in Crore Sixty Nine Six La kh
the name of Mr. Ram Prasad Raju Yellomraju, bounded by: Lakh Twentv Ninety Two
North : Land in Sy.No. 286 of others, South: Land in Sy.No. 286 Nine Thousand Thousand
of others, East : Remaining Land in Sy. 286 On ly) Nine Hundred
West : 30' ft Wide Road. GIY)

(The borrower's / mortgago/s attention is invited to the provisions of Sub-section (8) of Secfion 13
of the Act, in respect of time available to redeem the secured asset).
traA Notice shall also serve as Notice under Sub Rule (6) of Rule (8) of Security Interest
ement Rules-2002 to the Borrower/Guarantors)
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 For detailed terms and conditions of sale, please refer to link in Kamataka Bank's Website
ie.,wl'w.karnatakabank.com under the head "mortgaged assets for sale".
The E-auction will be conducted through portal https://bankauctions.in/ on 18.01.2023 from 11:00
A.M to 11.20 A.M with unlimited extension of 5 minutes. The intending bidder is required to
register their name at https://bankauctions.in/ and get the user Id and password free of cost and get
training online training on E-auction (tentatively on 17.01,.2023) from M/s.4c1osure, 605A, HMDA
Maitrivanam, Ameerpet, Hyderabad, Telangana 500038, contact No.040-23736405, mobile
814200006U66, E-mail: subbarao@bankauctions.in and infoobankauctions.in.
TERMS AND CONDITIONS OF SALE:
1) For participating in E-auction, intending bidders have to deposit a refundable EMD of 10%
(EMD mentioned in Description) of Reserve price by way of RTGS/NEFT/ fund transfer to the
credit of account number 6643500300002401, Kamataka Bank Ltd, Rajendranagar Branch IFSC
code KARB0000664 or by DDI pay order favouring "Kamataka Bank Ltd., A/c - lWs Brahmaputra
Hybrid Seeds Pvt. Ltd ", payable at Hyderabad.
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 Item No. I )
pertaining to lWs Brahmaputra Hybrid Seeds Pvt. Ltd" (as the case may be) & duly mentioning
the amount offered for purchase shall be submifted to The Authorised Officer, Karnataka Bank
Ltd, Asset Recovery Management Branch, Plot No. 50, Srinagar Colony, Road No. 3, Banjara Hills,
Hyderabad - 500073 / or by email - hyd.arm@ktkbank.com before 5.00 PM on 77.01.2023
3) The bid will be open to them and an opportunity will be given to enhance the bid amount in the
multiples of Rs. 10,00(F00. Interse bidding among the qualified bidders shal1 start from the highest
bid quoted by the qualified bidders. During the process of interse bidding, there will be unlimited
extension of "5 minutes" that is the end time of E-auction shall be automatically extended by 5
minutes, each time if bid is made within 5 minutes from the last extension.
4) The Authorised Officer is at liberty to accept the highest bid amount and confirm the sale in favor
of the highest bidder or reject the same without assigning any reason. lf Auction day is declared as
holiday, auction will be postponed to next working day.
5) Successful tenderer&idder should deposit 25% of the bid amount (including the EMD amount)
immediately on the sale being knocked down in his/her favour and the balance sale price has to be
remitted within 15 days from the date of confirmation of the sale or any other date specified by the
Authorised Officer. The successful bidder/tenderer shall bear all the legal/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 ID given 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 the final
amount of the bid quoted by him/ her by scan & email both to the authorized officer of the Kar-
nataka Bank i.e hyd.arm@ktkbank.com / 992@ktkbank.com and the service provider in-
fo@bankauctions.in for getting declared as successful bidder in the auction sale proceeding.
8) The successful bidder shall deposit 25ol" of the bid amount (including EMD ) on the same day of
the sale or within 24 hours, being knocked down in his favour and balance 751" of the bid amount
within 15 days from the date of sale by RTCS /NEFT/fund transfer credit of account number
6643500300002401, Kamataka Bank Ltd, Rajendranagar Branch IFSC code KARB0000664 or by
DQPuy order favoring Kamataka Bank Ltd., A/c -' lWs Brahmaputra Hybrid Seeds Pvt. Ltd "
/* Palple at Hyderabad. EMD of unsuccessful bidders will be retumed.
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9) will be issued by the authorized officer in favour of the successlul bidder only
Sale certificate
upon deposit of entire purchase price / bid amount and fumishing the necessary proof in the re-
spect of payment of all taxes/charges.
10) If the successful bidder/tenderer fails to remit the balance of 75ok of the bid amount within
15 days from the date of confirmation of sale or any other date as specified by the Authorised
Officer, the amount deposited by him / her shall be forfeited and the Bank will be at liberty to
sell the property once again and the defaulting purchaser shall forfeit all claims to the prop-
erty. Withdrawal of bid shall not be allowed after completion of time for submission of
bids. Non login in case of e-auction/Non participation in the scheduled auction shall not
be considered as withdrawal of bid. On failure of the bidder to pay 25"k of bid amount the
Bark shall forfeit the amount already paid including EMD amount paid by the bidder.
11)The Authorised Officer is holding only the symbolic possession of the property and is not having
the physical possession of the property. Thus the successful bidder will be handed over the
property on 'as is where is condition'.
12) The Authorised Officer reserves his right to vary any of the terms and conditions of this notice of
sale without prior notice at his discretion.
13) If the sale price is more than Rs.50,00,00F00 (Rupees Fifty Lakh Only) then the auction
purchaser/successful bidder has to deduct 1.00% of the Sale Price as TDS in the name of owner
of the property & remit to Income Tax Department as per Section 194 IA of Income Tax Act and only
99.00% of the Sale Price has to be remitted to the Bank. The Sale Certificate will be issued only on
receipt of Form 26QB & Challan for having remitted the TDS.
14) For inspection of the property and verification of the copies of the documents/title deeds
available with the secured creditor or any further details, the intending bidders or tenderer may
contact The Branch Head, Kamataka Bank Ltd, Rajendranagar Branch, Ground Floor, Opp Piller
No.210, Mq Splender Rajendranagar, Rangareddy District 500048, Phone: 040 - 24017755 (G),
Mobile: 9989931533 (BM) 9505599333 (ABM), during office hours on any working day.
15)The bidders may participate in E-auction for bidding from their place of choice. lntemet
connectivity shall have to be ensured by the bidder himself. Bank/service provider shall not be held
responsible for intemet connectivity, network problems, system crash dowrL power Iailure etc.
16) A11 bidders who submitted the bids, shall be deemed to have read the understood the terms
and condition of E-auction sale and be bound by them.

Date:17.12.2022
Place: Hyderabad

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