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PUBLIC NOTICE FOR SALE OF SECURED ASSETS AND IMMOVABLE PROPERTIES

MEGA E-AUCTION NOTICE

In exercise of powers conferred under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and Security Interest (Enforcement) Rules, 2002 and pursuant to the possession of secured assets of the borrower taken by Authorised Officer for recovery of the secured debts dues to The Karur Vysya Bank Limited for the following Branches comes under Hyderabad Divisional Office. Offers are invited by the undersigned for e-auction of the following assets on “AS IS WHERE IS & WHAT IS WHERE IS” BASIS: Whereas the undersigned has decided to put up for E-auction of the mortgaged properties.on ‘AS IS WHERE IS & WHAT IS WHERE IS’ BASIS. The details of the

secured assets / immovable properties mortgaged to the bank for the recovery of secured debts are as under: DESCRIPTION OF THE SECURED IMMOVABLE PROPERTIES

S No:1-BANJARA HILLS BRANCH: Name of the Borrower: 1. M/s. SPLENDOR INSULATED PRODUCTS, Sy No: 223, Rampally Village,Keesara

Mandal,Hyderabad , Telangana – 501 301.Sri. Jain Hitesh Ramesh Kumar, Proprietor,M/s. Splendor Insulated Products, Plot No.37 C/2, Phase 5, I D A Cherlapally, Hyderabad – 500 051. Sri. Jain Hitesh Ramesh Kumar,Proprietor,M/s. Splendor Insulated Products, D No. 1-8-50/3/10 & 11/B, Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003, Guarantors: 2.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain, D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony, Secunderabad – 500 003.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,Nallagutta, Secunderabad – 500 010. 3. Sri Ramesh Kumar Ottarmal Jain,S/o. Late Sri Otramal Jain,D No. 1-8-50/3/10 & 11/B,Plot No.43,

Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad-500003 .Sri Ramesh Kumar Ottarmal Jain S/o. Late Sri Otramal Jain H No.2-3-450, Flat No.303,B-Block, Sri

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Sai Residency,Gayadeen Bagh,Nallagutta, Secunderabad – 500 010, Demand Notice Dated:21/04/2018 and published in Newspapers on 19/05/2018 and dues as per Demand Notice Rs. 4,12,23,975.79 paise (Rupees Four

Crores Twelve Lakhs Twenty Three Thousands Nine Hundred Seveny Five and

Seventy Nine paise only) as on 31/03/2018 with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018. ----------------------------------------------------------------------------------------------------- S No.1 A : BANJARA HILLS BRANCH: Name of the Borrower: 1.M/s.

CRESCENT INSULATIONS,Sy No: 223, Rampally Village, Keesara Mandal,Hyderabad , Telangana – 501 301.Sri. Jain Hitesh Ramesh Kumar, Proprietor M/s. Crescent Insulations,Plot No.37 C/2, Phase 5, I D A Cherlapally, Hyderabad – 500 051.Sri. Jain

Hitesh Ramesh Kumar,Proprietor, M/s. Crescent Insulations,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003 Guarantors:2.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Kumar Jain, S/o. Sri Ramesh Kumar Ottarmal Jain, D No. 1-8-50/3/10 & 11/B, Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony, Secunderabad – 500 003 Sri. Jain Hitesh Ramesh Kumar alias Hitesh Kumar Jain,S/o. Sri Ramesh Kumar Ottarmal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,Nallagutta, Secunderabad – 500 010 3.Sri Ramesh Kumar Ottarmal Jain S/o. Late Sri Otramal Jain,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad-500003 .Sri Ramesh Kumar Ottarmal Jain,S/o. Late Sri Otramal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh, Nallagutta, Secunderabad – 500 010,Demand Notice dated 21/04/2018 and published in News Papers on 19/05/2018 and dues as per Demand Notice Rs.4,06,84,825.51 paise (Rupees Four Crores Six Lakhs Eighty Four Thousands Eight Hundred Twenty

Five and Fifty One paise only) as on 31/03/2018 with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018. Mortgaged Assets:

S Nos.1 & 1 A: PROPERTY NO.1 SCHEDULE OF THE PROPERTIES -LAND

All that the Plot Nos.1 to 8, in Survey Nos.236 & 237, admeasuring 1611 Sq.Yards., or 1346.80 Sq. Mtrs., situated at Medchal Village and Gram Panchayat,Medchal Mandal, Ranga Reddy District., and bounded by: North: Land of Naveneeth Hotel and Petrol Pump, South: 20” Wide Road

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East: N H -7 to Medchal West: Nala

SCHEDULE OF THE PROPERTIES- COMMERCIAL SPACE Item(i) All that the Rear Portion of Commercial Space B, in Ground Floor, of ‘PABBA’S KAPARDHI TOWERS’ admeasuring 2800 Sq.Feet, of plinth area (including common area), together with undivided share of land admeasuring 107.40 Sq.Yards., or 89.78 Sq.Mtrs., out of total land admeasuring 1611 Sq.Yards., or 1346.8 Sq. Mtrs, constructed on Plot Nos.1 to 8, in Survey Nos.236 & 237, situated at Medchal Village and Gram Panchayat, Medchal Mandal , Ranga Reddy District standing in the name of Sri Hitesh Ramesh Jain and bounded by: North: Portion A, South: Road, East: Front Portion B, West: Nala Item(ii) All that the Rear Portion of Commercial Space in First Floor, of ‘PABBA’S KAPARDHI TOWERS’ admeasuring 3801 Sq.Feet, of plinth area (including common area), together with undivided share of land admeasuring 145.80 Sq.Yards., or 121.8 Sq.Mtrs., out of total land admeasuring 1611 Sq.Yards., or 1346.8 Sq. Mtrs, constructed on Plot Nos.1 to 8, in Survey Nos.236 & 237, situated at Medchal Village and Gram Panchayat, Medchal Mandal , Ranga Reddy District standing in the name of Sri Hitesh Ramesh Jain and bounded by: North: Open to Sky South: Open to Sky, East: Stair case/Corridor, West: Open to Sky Item(iii) All that the South East Corner of Front Portion Commercial Space in First Floor, of ‘PABBA’S KAPARDHI TOWERS’ admeasuring 1864 Sq.Feet, of plinth area (including common area), together with undivided share of land admeasuring 71.50 Sq.Yards., or 59.77 Sq.Mtrs., out of total land admeasuring 1611 Sq.Yards., or 1346.8 Sq. Mtrs, constructed on Plot Nos.1 to 8, in Survey Nos.236 & 237, situated at Medchal Village and Gram Panchayat, Medchal Mandal , Ranga Reddy District standing in the name of Sri Hitesh Ramesh Jain and bounded by: North: Portion belongs to Builder, South: Open to Sky, East: Open to Sky, West: Open to Sky, Staircase & Entrance. Item(iv) All that the North East Corner of Front Portion of Commercial Space in Third Floor, of ‘PABBA’S KAPARDHI TOWERS’ admeasuring 1670 Sq.Feet, of plinth area (including common area), together with undivided share of land admeasuring 64.05 Sq.Yards., or 53.54 Sq.Mtrs., out of total land admeasuring 1611 Sq.Yards., or 1346.8 Sq. Mtrs, constructed on Plot Nos.1 to 8, in Survey Nos.236 & 237, situated at Medchal Village and Gram Panchayat, Medchal Mandal , Ranga Reddy District standing in the name of Sri Hitesh Ramesh Jain and bounded by: North: Open to Sky, South: Remaining portion in Third Floor belongs to Smt. Pabba Swaroopa & Sri Pabba Mahesh, East: Open to Sky, West: Staircase & Corridor.

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Item(v) All that the Entire Commercial Space in Fourth Floor, of ‘PABBA’S KAPARDHI TOWERS’ admeasuring 8350 Sq.Feet, of plinth area (including common area), together with undivided share of land admeasuring 320 Sq.Yards., or 267.52 Sq.Mtrs., out of total land admeasuring 1611 Sq.Yards., or 1346.8 Sq. Mtrs, constructed on Plot Nos.1 to 8, in Survey Nos.236 & 237, situated at Medchal Village and Gram Panchayat, Medchal Mandal , Ranga Reddy District standing in the name of Sri Hitesh Ramesh Jain and bounded by: North: Open to Sky, South: Open to Sky, East: Open to Sky, West: Open to Sky. Total Parking Area for schedules I To V: 7400 Sq.Feet in Lower and Upper Cellar i.e 3700 Sq.Feet in each.

Reserve Price: Rs.710 Lakhs EMD: 71.00 Lakhs.Known Prior Encumbrance : Nil.

NOTE: The above schedule of properties common security for the limits availed by M/s. SPLENDOR INSULATED PRODUCTS and M/s CRESCENT INSULATIONS represented by its Sole

Proprietor: Mr. Jain Hitesh Ramesh Kumar alias Mr Hitesh Ramesh Jain.

S No.2 & 3 . BANJARA HILLS Branch: Name of the Borrowers:1. M/s.

ATOP COPPER WIRES,S No:223, Rampally Village,Keesara Mandal,Hyderabad - 501 301,State of Telangana, M/s. ATOP COPPER WIRES,Plot No.37C/FF, Phase 5, IDA,Cherlapally, Hyderabad – 500 051, Partners: 2.Sri. Jain Hitesh Ramesh Kumar,M/s. ATOP COPPER WIRES,S No:223, Rampally Village,Keesara Mandal, Hyderabad - 501 301 State of Telangana 3.Sri.Jatin Ramesh Jain M/s. ATOP COPPER WIRES,S No:223, Rampally Village,Keesara Mandal,Hyderabad -501 301State of Telangana Guarantors: 4. Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain, D No. 1-8-50/3/10 & 11/B, Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony, Secunderabad – 500 003 Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,M G Road,Nallagutta, Secunderabad – 500 010. 5. Sri. Jitin Ramesh Jain S/o. Sri Ramesh Kumar Ottarmal Jain, D No. 1-8-50/3/10 &

11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003. Sri. Jitin Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain,H No.2-3-450, Flat No.303, B-Block, Sri Sai Residency,Gayadeen Bagh,M G Road, Nallagutta,

Secunderabad – 500 010, Demand Notice Dated:25/04/2018 and published in Newspapers on 19/05/2018 and dues as per Demand Notice

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Rs.4,11,96,599.06 paise (Rupees. Four Crores Elevan Lakhs Ninety Six

Thousands Five Hundred Ninety Nine and Six paise only) as on 31/03/2018. with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018.

Mortgaged Assets: -------------------------------------------------------------------------------------------------------------------------------------------

S No.2

Property No.2 Schedule of the Property - Land All that the Plot Nos.1 to 8, in Survey Nos.236 & 237, admeasuring 1611 Sq.Yards., or 1346.80 Sq. Mtrs., situated at Medchal Village and Gram Panchayat,Medchal Mandal, Ranga Reddy District., and bounded by: North: Land of Naveneeth Hotel and Petrol Pump, South: 20” Wide Road East: N H -7 to Medchal West: Nala

Schedule of the property - Commercial Space

All that the Commercial Space of Entire Second Floor, admeasuring 8,350 Sft of plinth area (including common area and 20 car parkings i.e 10 car parking space in lower cellar & 10 car parking space in upper cellar of PABBA’S KAPARDHI TOWERS, together with an undivided share of land admeasuring 320 Sq.Yards out of 1,611 Sq.Yards on Plot Nos.1 to 8 in Survey Nos.236 and 237 at Medchal Village & Mandal, R R Dist standing in the name of Sri Hitesh Ramesh Jain and bounded by:

North: Open to Sky South: Open to Sky East: Open to Sky West: Open to Sky

Reserve Price: Rs.320 Lakhs EMD: Rs.32.00 Lakhs. Known Prior Encumbrance : Nil. ------------------------------------------------------------------------------------------------------------------------------------------- S No.3 Property No.3

All that the House bearing No.6-67/2 (Old No.6-67/1), on Plot No.30, in Survey Nos.364/A,364/B and 365, admeasuring 166.66 Square Yards or equivalent to 139.34 Square Metres ( Out of total admeasuring 500 Square Yards), having plinth area of 450 Square Feet (RCC), situated at Chandanagar Co-Operative Housing Society Ltd , Chandanagar Village, GHMC, Serilingampally Circle and Serilingampally Mandal, Ranga Reddy District, State of Telangana Standing in the name of Sri Hitesh Ramesh Jain and bounded by:

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North: House No.6-70 on Plot No.25, South:40’WideRoad, East: House No. 6-68 on Plot No.23, West: Part of House No.6-67/1

Reserve Price: Rs.60 Lakhs EMD: Rs.6.00 Lakhs. Known Prior Encumbrance : Nil.

S NOS: 4,5 & 6: BANJARA HILLS BRANCH:Borrowers: 1.M/s.DYNAMIC

CABLES, Proprietor: Sri Jain Hitesh Ramesh Kumar, Sy No: 223, Rampally Village,Keesara Mandal,Hyderabad , Telangana – 501 301.M/s.DYNAMIC CABLES, Proprietor: Sri Jain Hitesh Ramesh Kumar,Plot No.25/B,Phase –I,IDA, Cherlapally,Hyderabad , Telangana – 500 051. Sri. Jain Hitesh Ramesh Kumar, Proprietor,M/s.DYNAMIC CABLES, Plot No.155/D, Phase II, I D A Cherlapally, Ghatkesar,Hyderabad – 500 051Sri. Jain Hitesh Ramesh Kumar, Proprietor M/s.DYNAMIC CABLES,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony, Secunderabad – 500 003, Guarantors: 2.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal

Jain,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003 Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,M G Road, Nallagutta, Secunderabad – 500 010. 3.Sri Ramesh Kumar Ottarmal Jain,S/o. Late Sri Otramal Jain,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad-500003 Sri Ramesh Kumar Ottarmal Jain,S/o. Late Sri Otramal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,M G Road,Nallagutta,

Secunderabad – 500 010, Demand Notice Dated:25/04/2018 and published in Newspapers on 19/05/2018 and dues as per Demand Notice Rs.

4,06,50,422.61 paise (Rupees Four Crores Six Lakhs Fifty Thousands Four Hundred

Twenty Two and Sixty One paise only) with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018. MORTGAGED ASSETS: ------------------------------------------------------------------------------------------------

S No.4: PROPERTY NO.4 All that the House bearing No.3-110/1, on Open Land, in Survey Nos.71/A, admeasuring 2299Sq.Yards., and Survey No.71/D, admeasuring 1034 Sq.Yards., total admeasuring 3333 Sq.Yards., or 2786.38 Sq.Mtrs., Existing House Plinth area of 300 Sq.feet., with R C C situated at Dharmaram Village, Thimmaipally Gram Panchayat, Keesara Mandal, Ranga Reddy District., standing in the name of Sri Hitesh Ramesh

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Jain and bounded by:

North: 50’ Wide Road, South: Neighbour’s Land, East: Neighbour’s Land, West: Land of T Ramulu.

Reserve Price: Rs. 185 Lakhs EMD: Rs.18.50 Lakhs. Known Prior Encumbrance : Nil.

---------------------------------------------------------------------------------------- S No.5 PROPERTY NO.5 All that the Plot Nos.35 & 34/Part (W/P), House bearing No.3-29/1/35, in Survey Nos.461, admeasuring 215 Sq.Yards., and 100 Sq.Yards., total admeasuring 315 Sq.Yards., or 263.3 Sq.mtrs., Existing House Plinth area of 4450 Sq.feet., (R C C) with Ground Floor plus Three Upper Floors of R C C., situated at Lakshmi Narsimha Swamy Nagar, PUPPALAGUDA, Rajendranagar Mandal, Ranga Reddy District standing in the name of Sri Hitesh Ramesh Jain and bounded by:

North: Neighbours’s Land & 30’ Wide Road, South: 40’ Wide Road, East: Plot No.34/P (E/P), West: Plot No.36

Reserve Price: Rs.198 Lakhs. EMD: Rs.19.80 Lakhs. Known Prior

Encumbrance : Nil. S No.6 PROPERTY NO.6 All that part of the residential-cum-commercial Building, bearing Muncipal No.32-77/16/3/2 (Old No.21-61-62), comprising Ground and First Floors, consisting in all 1050 Sq.feet., of buildup area, on part of Plot No.62, admeasuring 133.33 Sq.Yards., or 111.46 Sq.Mtrs., under Survey Nos.109 & 111, situated at Seetharam Nagar, within the limits of Greater Hyderabad Muncipal Corporation, Malkajgiri Circle, R R Dist., under jurisdiction of Joint Sub Registrar –II, Malkajgiri and District Registrar, Ranga Reddy (East) standing in the name of Sri Hitesh Ramesh Jain and bounded by: North: Road 25’.0” wide

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South: Neighbour’s property, East: Road 25’.0” wide West: Part of H No.32-77/16/3/2, on part of Plot No.62.

Reserve Price: Rs.42 Lakhs. EMD: Rs.4.20 Lakhs. Known Prior Encumbrance : Nil. ----------------------------------------------------------------------------------------------------------------------

S No.7. BANJARA HILLS Branch: Name of the Borrowers: 1.M/s.FLARE

CABLES,Proprietor: Sri. Jain Hitesh Ramesh Kumar,Sy No: 223, Rampally Village,Keesara Mandal,Hyderabad , Telangana – 501 301. Sri. Jain Hitesh Ramesh Kumar,Proprietor: M/s. FLARE CABLES,Plot No.A 28/1/14/D/SF, Industrial Park,Nacharam, Hyderabad – 500 076.Sri. Jain Hitesh Ramesh Kumar,Proprietor:M/s. FLARE CABLES, ,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003 Guarantor: 2.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain,D No. 1-8-50/3/10 & 11/B, Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003 Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain H No.2-3-450, Flat No.303, B-Block, Sri Sai Residency,Gayadeen Bagh, Nallagutta, Secunderabad – 500 010, Demand Notice Dated:26/04/2018 and published in Newspapers on 19/05/2018 and dues as per Demand Notice Rs.4,09,30,723.36 paise (Rupees

Four Crores Nine Lakhs Thirty Thousands Seven Hundred Twenty Three and Thirty Six

paise only) as on 31/03/2018 with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018. ----------------------------------------------------------------------------------------------------------------------

S No.7 A: BANJARA HILLS Branch: Name of the Borrowers: 1.M/s.EMINENT INSULATION PRODUCTS, Proprietor: Sri. Jain Hitesh Ramesh Kumar,Sy No: 223, Rampally Village,Keesara Mandal,Hyderabad , Telangana – 501 301. Sri. Jain Hitesh Ramesh Kumar, Proprietor M/s. EMINENT INSULATION PRODUCTS,Plot No.A 28/1/14/D/SF,Industrial Park,Nacharam, Hyderabad – 500 076 Sri. Jain Hitesh Ramesh Kumar, Proprietor M/s. EMINENT INSULATION PRODUCTS,.D No. 1-8-50/3/10 & 11/B, Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003, Guarantor: 2.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain, S/o. Sri Ramesh Kumar Ottarmal Jain,D No. 1-8-50/3/10 & 11/B, Plot No.43, Sai Vatika, P G Road, Street No.11, Sindhi Colony, Secunderabad – 500 003, Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain H No.2-3-450, Flat No.303,B-Block, Sri Sai

Residency,Gayadeen Bagh, Nallagutta, Secunderabad – 500 010, Demand Notice Dated:26/04/2018 and published in Newspapers on 19/05/2018 and dues as per Demand Notice Rs.4,08,90,116.09 paise (Rupees Four Crores Eight Lakhs

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Ninety Thousands One Hundred Sixteen and Nine paise only) as on 31/03/2018 with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018. ----------------------------------------------------------------------------------------------------- S No.7 B: BANJARA HILLS Branch: Name of the Borrowers:1. M/s.

PREVALANT CAB,S No:223, Rampally Village,Keesara Mandal,Hyderabad - 501 301 State of Telangana. M/s. PREVALANT CAB, Plot No:37/C, IDA, Phase -5,Cherlapally,Hyderabad – 500 051,Partners: 2. Sri. Jain Hitesh Ramesh Kumar M/s. PREVALANT CAB,S No:223, Rampally Village, Keesara Mandal,Hyderabad - 501 301 State of Telangana 3.Sri. Ramesh Kumar Otarmal Jain,M/s. PREVALANT CAB, S No:223, Rampally Village, Keesara Mandal,Hyderabad - 501 301,State of Telangana, Guarantors: 4.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain, D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony, Secunderabad – 500 003. Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,M G Road,Nallagutta, Secunderabad – 500 010. 5.Sri Ramesh Kumar Ottarmal Jain S/o. Late Sri Otramal Jain D No. 1-8-50/3/10 &

11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad-500003.Sri Ramesh Kumar Ottarmal Jain,S/o. Late Sri Otramal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh, M G Road,Nallagutta,

Secunderabad – 500 010, Demand Notice Dated:26/04/2018 and published in Newspapers on 19/05/2018 and dues as per Demand Notice

Rs.4,09,13,326.40 paise (Rupees. Four Crores Nine Lakhs Thirteen Thousands Three

Hundred Twenty Six and Forty paise only) as on 31/03/2018 with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018. ----------------------------------------------------------------------------------------------------------------------

S No.7 C: BANJARA HILLS Branch: Name of the Borrowers:1

M/s.PROMINENT INSULATED PRODUCTS,Proprietor Sri. Jain Hitesh Ramesh Kumar,Sy No: 223, Rampally Village,Keesara Mandal,Hyderabad , Telangana – 501 301. Sri. Jain Hitesh Ramesh Kumar,Proprietor: M/s. PROMINENT INSULATED PRODUCTS,Plot No.A 28/1/14/D/FF, Industrial Park, Nacharam, Hyderabad – 500 076

Sri. Jain Hitesh Ramesh Kumar, Proprietor: M/s. PROMINENT INSULATED PRODUCTS ,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003, Guarantor :2.Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain, S/o. Sri Ramesh Kumar Ottarmal Jain,D No. 1-8-

50/3/10 & 11/B, Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003 ,Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain, S/o. Sri Ramesh Kumar Ottarmal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai

Residency,Gayadeen Bagh,Nallagutta, Secunderabad – 500 010, Demand Notice Dated:26/04/2018 and published in Newspapers on 19/05/2018 and dues as per Demand Notice Rs.4,08,68,158.26 paise (Rupees Four Crores Eight Lakhs

Sixty Eight Thousands One Hundred Fifty Eight and Twenty Six paise only) as on

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31/03/2018 with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 24/07/2018. S NOS: 7,7 A, 7 B & 7 C: MORTGAGED ASSET

PROPERTY NO.7 SCHEDULE OF THE PROPERTY All that the PART OF SHED with plinth area of 7000 Sq. Feet., on Plot Nos. A-7 & A-8 Parts, admeasuring 7657.80 Sq.Yards., or 6401.9 Sq.Mtrs., in Survey Nos. 610 & 612, situated at Industrial Estate, Moula-Ali, under APIIC IALA Moula –Ali Municipality, Malkajgiri Mandal, Ranga Reddy District., standing in the name of Sri Hitesh Ramesh Jain and bounded by: North: 40’ Wide Road, South: Plot Nos.A-11 & A-10, East: Part of Shed on P Nos. A-7 & A-8 Parts And 40’ Wide Road, West: Plot No.A -6.

Reserve Price: Rs.1225 Lakhs.EMD:Rs.122.50 Lakhs .Known Prior

Encumbrance : Nil.

NOTE: The above schedule of the property is common security for the limits availed by (1) FLARE CABLES (2) M/s. EMINENT INSULATION PRODUCTS (3) PROMINENT INSULATED PRODUCTS

represented by its Sole Proprietor: Mr. Jain Hitesh Ramesh Kumar, (4) M/s.PREVALENT CAB

represented by its Partners:Mr.Ramesh Kumar Otarmal Jain and Mr. Jain Hitesh Ramesh Kumar.

----------------------------------------------------------------------------------------------------------------------

S No.8: SECUNDERABAD BRANCH:Name of the Borrower: 1. M/s. Zenith Import and Export, Survery No:223, Rampally Village, Keesara Mandal, Ranga Reddy Dist., Hyderabad - 501 301,State of Telangana. M/s. Zenith Import and Export, Plot No.43, Survey No.156/1, Jawahar Rail Colony, Sikh Village, Hyderabad -500 009. State of Telangana.M/s. Zenith Import and Export,D No.23-14, Assessment No.2815,R S No.106/2/A, Kondapalli Village & Panchayat,Ibrahimpatnam Mandal, Krishna District,State of Andhra Pradesh, Managing Partner :2.Sri. Jain Hitesh Ramesh Kumar,M/s. Zenith Import and Export,Survery No:223, Rampally Village, Keesara

Mandal, Ranga Reddy Dist.,Hyderabad - 501 301State of Telangana. Sri. Jain Hitesh Ramesh Kumar, M/s. Zenith Import and Export, Plot No.43, Survey No.156/1, Jawahar Rail Colony, Sikh Village,Hyderabad -500 009. State of Telangana.Sri. Jain Hitesh Ramesh Kumar, M/s. Zenith Import and Export, D No.23-14, Assessment No.2815,R S

No.106/2/A,Kondapalli Village & Panchayat,Ibrahimpatnam Mandal, Krishna District, State of Andhra Pradesh, Partner : 3.Sri. Ramesh Kumar Otarmal Jain, M/s. Zenith Import and Export,Survey No:223, Rampally Village,Keesara Mandal, Ranga Reddy Dist., Hyderabad - 501 301 State of Telangana.Sri. Ramesh Kumar Otarmal Jain, M/s. Zenith Import and Export,Plot No.43, Survey No.156/1, Jawahar Rail Colony, Sikh

11

Village, Hyderabad -500 009. State of Telangana.Sri. Ramesh Kumar Otarmal Jain, M/s. Zenith Import and Export,D No.23-14, Assessment No.2815,R S No.106/2/A,Kondapalli Village & Panchayat, Ibrahimpatnam Mandal,Krishna District, State of Andhra Pradesh, Guarantors: 4. Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain,D No. 1-8-50/3/10 & 11/B,

Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad – 500 003 .Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain,S/o. Sri Ramesh Kumar Ottarmal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,M G Road,Nallagutta, Secunderabad – 500 010. 5. Sri Ramesh Kumar Ottarmal Jain,S/o. Late Sri Otramal Jain,D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony,Secunderabad-500003.Sri Ramesh Kumar Ottarmal Jain,S/o. Late Sri Otramal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh, M G Road,Nallagutta,Secunderabad – 500 010, Demand Notice dated 05/05/2018 published in News Papers on 19/05/2018 and dues as per Demand Notice Rs.11,41,94,128.98 paise (Rupees. Elevan Crores Forty One Lakhs Ninety Four Thousands One Hundred Twenty Eight and Ninety Eight paise only) as on

30/04/2018 with further interest, costs, other charges and expenses thereon from 01/05/2018. Possession taken on 19/07/2018. MORTGAGED ASSET

S NO.8 PROPERTY NO.8

Krishna District, Ibrahimpatnam Sub Registrar, All that the Industrial land in Survey No.106/2A, of Kondapalli, admeasuring area of 8905.6 Sq. Yards ( or AC.1-84 Cents equivalent to 0-744 Hectors) in R S No.106/2/A, as shown in the plan annexed herewith built up area 21000 Sq.Ft, Roof covered with R C C Door No.23-14, Assessment No.2815, situated at Kondapalli Gram Panchayat, Kondapalli, Ibrahimpatnam Mandal, Krishna District., Andhra Pradesh standing in the name of M/s. Zenith Imports & Exports by its Managing Partner Sri Hitesh Ramesh Jain and bounded by:

Boundaries of SY.106/2A AC.1-84 Cents.

North: Property of Movva Ramesh (F.501’) South: Property of Donepudi Chinni Krishna (F.501’) East: Property of Donepudi Padmavathi & L Rupavani (F.160’) West: 40’ Wide Vijayawada Tiruvuru Road (F.160’)

Reserve Price:Rs.1100 Lakhs .EMD:Rs.110 Lakhs .Known Prior

Encumbrance : Nil.

S No.9: SECUNDERABAD BRANCH:Name of the Borrower:1. M/s.GLITTER FERROUS NON FERROUS METALS, Survey No : 223, Rampally Village,Keesara Mandal, Ranga Reddy Distirct,Hyderabad , Telangana – 501 301.M/s.GLITTER

12

FERROUS NON FERROUS METALS,H No.4-156/1, Jawahar Rail Colony,Sikh Village, Secunderabad – 500 009. Sri Jain Hitesh Ramesh Kumar,Proprietor: M/s. GLITTER FERROUS NON FERROUS METALS,Survey No: 223, Rampally Village,Keesara Mandal, Ranga Reddy Distirct,Hyderabad , Telangana – 501 301.Sri Jain Hitesh Ramesh Kumar,Proprietor:M/s.GLITTER FERROUS NON FERROUS METALS,H No.4-156/1, Jawahar Rail Colony,Sikh Village, Secunderabad – 500 009. Guarantor: 2. Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain, S/o. Sri Ramesh Kumar Ottarmal Jain, D No. 1-8-50/3/10 & 11/B,Plot No.43, Sai Vatika, P G Road,Street No.11, Sindhi Colony, Secunderabad – 500 003 Sri. Jain Hitesh Ramesh Kumar alias Hitesh Ramesh Jain, S/o. Sri Ramesh Kumar Ottarmal Jain,H No.2-3-450, Flat No.303,B-Block, Sri Sai Residency,Gayadeen Bagh,M G Road, Nallagutta, Secunderabad – 500 010,Demand Notice dated 05/05/2018 published in News Papers on 19/05/2018 and dues as per Demand Notice Rs.1,99,45,489.93 paise (Rupees One Crore Ninety Nine Lakhs Forty Five Thousands Four Hundred Eighty Nine and Ninety Three paise only) as

on 30/04/2018 with further interest, costs, other charges and expenses thereon from 01/05/2018. Possession taken on 20/07/2018. MORTGAGED ASSET

S NO.9 PROPERTY NO.9 All that the Flat bearing No.G-5,on Ground Floor, bearing Municipal No.8-2-350/AK/G 5, in “ A K ENCLAVE” PHASE –II (BLOCK –B), bearing Municipal No. 8-2-350 & 8-2-350/A, having a Built Up area of 2300 Sq.Feet, together with parking space for one car in the cellar , along with the undivided share of land admeasuring 84 Sq.Yards., out of 1600 Sq.Yards, situated at Road No.3, Banjara Hills, Hyderabad standing in the name of Sri Hitesh Ramesh Jain and bounded by: North : Open to Sky South: Flat No.G-6 of Mrs. Nuha Sarwar, East: Open to Sky, West: Corridor & Flat No. G-4, of Mr. M A Nazeer.

Reserve Price: Rs.160 Lakhs . EMD: Rs.16.00 Lakhs .Known Prior

Encumbrance : Nil.

S No.10: NIZAMABAD BRANCH:Name of the Borrower: 1.M/s. PREM SUPER

MARKET,Rep. By Proprietor: Sri Arugonda Jalander,H No.5-4-72, Opp. R D O Office, NIZAMABAD –

503 002,Telangana, Sri. Jalander Arugonda,Proprietor,M/s. PREM SUPER MARKET, H No.5-4-

138, Saraswathi Nagar, Nizamabad– 503 002 Telangana, Guarantors:2.Sri. Jalander Arugonda,S/o. Sri A.Hanmandlu, H No.5-4-138, Saraswathi Nagar,Nizamabad – 503 002 Telangana 3.Smt. Ambica Arugonda,W/o. Jalander Arugonda, H No.5-4-138, Saraswathi Nagar, Nizamabad – 503 002 Telangana ,Demand Notice dated 30/04/2018 and dues as per Demand Notice Rs. 3,41,23,268.57 paise (Rupees Three Crores Forty One Lakhs Twenty Three Thousands Two Hundred

Sixty Eight and Fifty Seven paise only) as on 31/03/2018 with further interest, costs, other

13

charges and expenses thereon from 01/04/2018. Possession taken on 04/07/2018. MORTGAGED ASSET

S NO.10 PROPERTY NO.10 SCHEDUELE - PROPERTY NO.1 An the existing R C C Roof (G+1) storied House with open place, in all measuring 273.64 Sq.Yards or 228.79 Sq.Meters, bearing part of Municipal Nos. 5-6-235 and 5-6-236 corresponding part of Old Nos.5-6-512/1A, 5-6-512/10 & 5-6-512/10/A situated in Ward No. 5, Block No.6, at Saraswathinagar, Nizamabad, with in the Muncipal Corporation limits of Nizamabad, Registration Sub-District and Registration District Nizamabad, Telangana: Plinth Area – R C C Roof: i. Ground Floor : 1294.24 Square Feet, ii. First Floor : 1541.94 Square Feet standing in the name of Sri Arugonda Jalander and bounded by: North: House of J Krishna Reddy South: Open place of K Raju & K Prakash East : Open place of Vendor sold to Smt. Arugonda Ambika & J Krishna Reddy,West: Road SCHEDULE - PROPERTY NO.2 The Backside open place of House, bearing part of Municipal Number 5-6-512/1 situated at in Ward No. 5, Block No.6, at Saraswathinagar, Pochammagally, Opposite R D O’s Office, Nizamabad, admeasuring 121.88 Square Yards or 101.90 Square Meters, out of total extent 388.45 Square Yards, with in the Muncipal Corporation limits of Nizamabad, Registration Sub-District and Registration District , Nizamabad,Telangana standing in the name of Smt. Arugonda Ambika and bounded by: North: House of Smt. Sunitha Reddy South: Property of Arugonda Ambika (purchaser) East: Lane and then house of Dr.Mukka Vinod Kumar Gupta, West: Property of Jukanti Krishna Reddy (Seller) and Property of A. Jalender SCHEDULE - PROPERTY NO.3 All the open place measuring 113.25 Sqare.Yards or 94.68 Sqare.Meters bearing part of Muncipal Nos. 5-6-235 and 5-6-236 corresponding part of Old Nos.5-6-512/1A, 5-6-512/10 & 5-6-512/10/A situated in Ward No. 5, Block No.6, Saraswathinagar, Nizamabad,within Muncipal Corporation limits of Nizamabad, Registration Sub- District and Registration Distict Nizamabad, Telangana standing in the name of Smt. Arugonda Ambika and bounded by: North: Open place of J Krishna Reddy South: Open place of Smt. Punya East: Lane & House of Mukka Vinod Kumar West: House of the Vendor sold to Arugonda Jalendar & Open place of K Raju & K Prakash.

14

NOTE: The above three scheduled properties amalgamated and constructed a building in Municipal bearing Nos. 5-6-235 and 5-6-236 (New) and part of Municipal Nos. Old Nos.5-6-512/1A, 5-6-512/10 & 5-6-512/10/A situated in Ward No. 5, Block No.6, oppisite to The Revenue Divisional Office, Near Nizamabad District Co-Operative Central Bank, Saraswathinagar, Nizamabad.

Reserve Price: Rs.417.35 Lakhs . EMD: Rs.41.73 Lakhs .Known Prior Encumbrance : Nil.

S No.11: NIZAMABAD BRANCH:Name of the Borrower : 1.Sri . Gadhari Naresh, S/o. Sri

Gadhari Pochaiah, H No. 6-17-223(New) 6-17-228 (Old), Ward No.6, Block No.17,Ambedkar Colony, Nizamabad – 503 008. Telangana, Co-Borrower: 2. Sri. Gadhari Pochaiah, S/o.Sri Gadhari Rajanna,H No. 6-17-223(New) 6-17-228 (Old),Ward No.6, Block No.17,Ambedkar Colony, Nizamabad-503 008 Telangana, Guarantor: 3. Sri B. Sailoo, S/o Sri Balraj, H No.6-17-215,Ambedkar Colony, Nizamabad – 503 002 , Telangana , ,Demand Notice dated 30/04/2018 and dues as per Demand Notice Rs.5,69,713.11 paise (Rupees Five Lakhs Sixty Nine Thousands Seven Hundred Thirteen and Elevan

paise only) as on 31/03/2018 with further interest, costs, other charges and expenses thereon from 01/04/2018. Possession taken on 04/07/2018. MORTGAGED ASSET

S NO.11 PROPERTY NO.11 The existing Open Place after dismantling the existing building ,constructed a building bearing Municipal No. 6-17-238 (New) corresponding to Old Municipal Nos. 6-17-228 and 229 and its previous No.6-17-107 situated in Ward No.6, Block No.17, at AMBEDKAR COLONY, Nizamabad, admeasuring 144.00 Sq. Yards, or 120.39 Sq. Mtrs, with in the Muncipal Corporation limits of Nizamabad, Registration Sub-Dist, and Registration Dist, Nizamabad standing in the name of Sri Gadhari Naresh and bounded by: North: House of Laxman, South: 20’.0” Wide Road East: House of Gangadhar West: House of Prabhakar

Reserve Price: Rs.22.10 Lakhs. EMD: Rs.2.21 Lakhs .Known Prior Encumbrance : Nil.

S No.12: WARANGAL –KAZIPET BRANCH:Name of the Borrower : (1) M/s. Venkateshwara Jewellers, Proprietor: Sri J Sumanth Kumar,3-3-55, Tailor Street,

Chowrasta,Hanamkonda -506 001 Warangal District. Sri Jakkoju Sumanth Kumar, Proprietor:M/s. Venkateshwara Jewellers,H No.4-10-50, Tailor Street, Near Hanuman Temple,

Hanamkonda- 506 001 Warangal District.Guarantor: (2) Mrs.Jakkoju Sreedevi, W/o. Sri Jakkoju

Sandeep Kumar,H No.4-10-50, Tailor Street, Near Hanuman Temple, Hanamkonda- 506 001 Warangal

15

District, Demand Notice dated 17/10/2017 and dues as per Demand Notice Rs.15,85,230.34 paise (Rupees Fifteen Lakhs Eighty Five Thousandas Two Hundred Thirty and Thirty Four paise only)

as on 30/09/2017 less remittances made therein if any, with further interest, costs, other

charges and expenses thereon from 01/10/2017. Possession taken on 28/12/2017. MORTGAGED ASSET

S No.12 PROPERTY NO.12

Existing RCC Ground Floor shop bearing M No.3-3-55 (Old Nos.3/409 and 410) situate at Tailors Street,Hanumkonda measuring 16.22 Sq.Yards., or 13.56 Sq. Mts.,within the jurisdiction of District Registrar, Warangal and Joint Sub-Registrar, Warangal (U) and within Warangal Municipal Corporation limits standing in the names of Smt. Jakkoju Sridevi and Sri Jakkoju Sumanth Kumar and within the following boundaries:

East : House of J Prasad West: Road North: House of J Sathish South: House of J Koteshwar Rao.

Reserve Price: Rs.21.50 Lakhs. EMD: Rs.2.15 Lakhs.Known Prior Encumbrance : Nil.

16

Bid Amount : Incremental Rs.25,000/-

Inspection of the Properties:

On all working days between 20.08.2018 to 17.09.2018 between 10 am to 5 pm at above mentioned

branches of The Karur Vysya Bank Ltd.(On Prior Appointment)

Contact Details: THE KARUR VYSYA BANK LTD:

1. Banjara Hills Branch:

040-23393777, 23398777 Sri T V S Sarathchandra - Mobile No.8008500277

2. Secunderabad Branch:

Phone Nos:040-27534561,27534565, 66313462 Sri Nerella Ramesh Mobile No.9848042958

3. Nizamabad Branch:

08462-228712, Sri Kolli Peeraiah Mobile No.9959988574.

4. Warangal – Kazipet

Branch:0870-2422998,2452998 Sri Balaji Guptha Anna Moblie No.9618939888

17

Last Date for Tender Document submission:(Off-line)

On 17/09/2018 by 5.00 P M

Date, Place and Time of E -Auction Date: 19/09/2018 (Wednesday)Time-

11.00 A M to 12 PM.(with auto

extension of 3 Minutues each till sale is

completed ).Web Portal:

https://bankauctions.in

The E-tenders should be accompanied with EMD remittance details. EMD

should be remitted through RTGS / NEFT to Nodal Bank Account without

time lag, failing which the tender becomes disqualified or The EMD of 10%

of the Reserve Price can also be paid by of a Demand Draft/Pay Order

drawn in favour of The Karur Vysya Bank Ltd, Payable at Hyderabad along

with Bid Form.

The Nodal Bank Account No. / IFSC Code etc for online money transfer is

as under:

S.No Nodal Bank A/c No IFSC Code

01

A/c No. 1101351000000973 name

of A/c-BID COLLECTION A/C OF

SARFAESI E-AUCTION

PROCEEDS,

KVBL0001101

18

TERMS AND CONDITIONS OF THE E-AUCTION ARE AS UNDER:

1. E – Auction is being held on “AS IS WHERE IS & WHAT IS WHERE IS”

BASIS.

2. The E-auction will take place through portal

https://bankauctions.in on 19/09/2018 from 11.00 am to 12.00

pm with unlimited auto extension of time of 3 minutes each, till

sale is completed.

3. For detailed procedure and terms and conditions of E-Auction,

interested bidders may visit portal: https://bankauctions.in and

download relevant documents. Interested bidders may also get in

touch with service provider on below mentioned contact numbers.

4. No Encumbrances exists on the property to the best of the

knowledge and information of the Authorised Officer. Bank is not

responsible or liable for any unknown and future encumbrance.

5. It shall be in the discretion of the Authorised Officer to cancel the

auction proceeding for any reason and return the EMD submitted

and Bank would not entertain any claim or representation in that

regard from the bidders.

6. Particulars specified in respect of the said property in the above

schedule have been stated to the best of the information of the

Authorised Officer / Bank but Authorised Officer and or / Bank will

not be answerable for any error, mis-statement or omission in this

public notice.

7. The intending purchaser / bidder is required to submit amount of

EMD in the above mentioned account and register their name at

https://bankauctions.in and get user ID and Password free of cost

19

and get training on E-Auction from M/s.4Closure (Bankauctions.in)

Hyderabad, Help Line Numbers: Mrs. Prathyusha : 040-23836405

and Cell No.+91-8142000066 / 62, E-Mail Id: info@bankauctions.in

and subbarao@bankauctions.in or Mr.U.Subbarao (Hyderabad)

Contact Number: +91-8142000061. Cheques will not be accepted

for EMD.

8. The said EMD shall be adjusted in the case of highest bid,

otherwise it will be refunded. The earnest money deposit will not

carry any interest. Brokers / Middlemen shall not be entertained.

9. The sale shall be confirmed in favour of the purchaser who has

offered the highest sale price in his bid to the Authorised Officer and

shall be subject to confirmation by the Bank.

10. The purchaser shall deposit 25% of the amount of sale price

after adjusting the Earnest Money Deposit within 24 hours (Banking

Days) of acceptance of highest bid by the Authorized Officer in

respect of sale, failing which the Earnest Money Deposit shall be

forfeited. The highest bidder shall be declared to be the purchaser

of the property mentioned herein provided he should be legally

qualified to bid at all stage.

11. The balance 75% of the sale price shall be paid by the

purchaser on or before 15th day (during banking hours) of

confirmation of sale by the Authorized Officer or such extended

period as agreed upon in writing by and solely at the discretion of

the Authorized Officer.

12. In default of payment of sale price or any part thereof within the

period(s) mentioned hereinabove, the deposit(s)/ Part payment shall

be forfeited and the property shall be resold and the defaulting

20

purchase shall forfeit all claims to the property or any of the sum for

which it may be subsequently sold.

13. On confirmation of the sale by the Bank and or compliance of

the terms of payment the Authorized Officer shall issue a certificate

of sale of the said property in favour of the purchaser in the form

given in Appendix V to Enforcement of Security Interest Rules.

14. The Authorized Officer is not bound to accept the highest bid or

any or all bids and reserves the right to accept or reject any or all

the bids without assigning any reason thereof and his decision will

be final binding on all the parties attending the auction.

15. Participation by any person in the sale shall be treated as

conclusive evidence of the fact that the party has inspected the

property/ies offered for sale and satisfied himself about the title of

the property. It shall also imply and be taken for granted that the

party has carefully gone through and understood the terms and

conditions of auction including the amendments if any, prevailing at

the time of auction bid. No objection shall be entertained by the

Bank and or the Authority after the bid is accepted.

16. The successful purchaser would bear all the charges / fees

payable for conveyance such as stamp duty, registration fee, all

taxes etc, as applicable as per law of Government of India and state

of Telangana and Andhra Pradesh and other Authorities.

17. Delivery / possession should be taken by the purchaser or his

authorized representative against proper authorization letter only

and it should be completed within the time schedule at their own

risk, cost and arrangement and they will not be entitled to claim any

facility or assistance or cost on this account from the Bank.

21

18. Any other conditions / changes / amendments to the auction

terms and conditions, if made, and which are not incorporated in

these terms and conditions will be announced at the time of auction

which will be binding on the bidders.

19. The Bank reserves its right to accept / reject any bid, withdraw

any property at any stage from auction sale after acceptance of the

deposit amount for full value by the buyer, without assigning any

reason thereof and value of such properties if paid for, shall be

refunded.

20. The Bank shall not be responsible for any damage or loss,

whatsoever, to purchaser on account of such withdrawal.

21. The property/ies will be put for auction as per the convenience

of Bank and it is not obligatory to go serially if the properties are

more in number.

22. The properties shall remain in every respect at the risk of the

purchaser from the date of acceptance of their offer and the Bank

shall have no liability for the safe custody or preservation thereof till

the date of delivery / taking possession by the purchaser.

23. All persons participating in the E-Auction should upload and

submit his/their sufficient and acceptable proof of his/their identity,

residence, and authority and also PAN/TAN cards etc.

24. Participation by anyone in this sale shall be treated as

conclusive evidence of the fact that the party has inspected the

assets offered for sale and satisfied himself/herself in all respects

and the principle “Caveat Emptor” (let the buyer beware) will apply.

22

25. As per the Section 194 -1A of the Income Tax Act 1961,

TDS @1% will be applicable on the sale proceeds where the

sale transaction is Rs.50,00,000/-(Rupees Fifty Lakhs) and

above. The successful bidder /purchaser shall deduct 1% TDS

from the Sale Price and deposit the same with the income tax

department in Form No.16B, containing the Bank’s Name and

the PAN No. AAACT3373J as a seller and submit the original

receipt of the TDS Certificate to the Bank.

26. All Statutory dues if any, like Stamp Duty, Registration Fee,

Property Tax, E B Charges and Maintenance Charges etc., shall be

borne by the Purchaser.

27. The sale is subject to the conditions prescribed in the SARFAESI Act, Rules 2002, amended from time to time and the conditions mentioned above.

Special Instructions:

Bidding in the last minutes and seconds should be avoided in the bidders

own interest neither The Karur Vysya Bank Ltd nor Service Provider will

be held responsible for any lapses / failure (Internet Failure, Power Failure

etc.,) on the part of the vendor, in such cases, in order to ward-off such

contingent situation bidders are requested to make all the necessary

arrangements / alternatives such as back-up power supply whatever

required so that they are able to circumvent such situation and still be able

to participate in the auction successfully.

23

Date : 18/08/2018 Authorized Officer,

Place : Hyderabad The Karur Vysya Bank Ltd..