STATE BANK OF MYSORE

Stressed Asset Resolution Center

I Floor, Sai Tara Tower, 2-1-340/16, Nallakunta Chourastha

HYDERABAD-500044

Tel:040-66133886 e-mail:

E-AUCTION CUM SALE NOTICE

E-Auction cum sale under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 of immovable properties mortgaged to the State Bank of Mysore, Banjarahills Branch, and Hyderabad for recovery of the secured debt as mentioned below.

Name of the Borrower & Mortgagors:

Regd Office:
M/s. C.L. ENGINEERING EQUIPMENT (INDIA) P LTD
1-11-220/A, Gurumurthy lane, Begumpet,
Hyderabad - 500016.
Mr. Anam Venkata Ramana Reddy s/o Bhakthavastala Reddy, Director residing at – H.No. 8-2-469/A/2/B/2, Rd. No. 5, Banjara Hills, Hyderabad – 500 034. / Mrs. Anam Aliveni Reddy w/o Mr. Anam Venkata Ramana Reddy, Director residing at – H.No. 8-2-469/A/2/B/2, Rd. No. 5, Banjara Hills, Hyderabad – 500 034.

Name of the Guarantor: Peddakotla Narayan Reddy R/o 531, SRT, Sanath Nagar, Hyderabad.

Sl.No / Description of the immovable property / Reserve Price (Rs) / EMD amt / Date/Time of e-auction
1 / 4.91 Acres of land consisting of 72 Plots situated at Sy. No. 366/B, Rajupalem,Village,Chintareddypalem, Nellore Rural, Nellore Mandal & Municipality in the name of Smt A.Aliveni and bounded by
Plot No. 100 to 111 / North: Plot
99&112
South: Road
East : Road
West: Road
Plot No. 114 / North: Road
South: Plot119
East : Road
West: Plot 115
Plot No. 118 to 119 / North: Plot
114 & 115
South: Road
East :Road
West: Plot 117
Plot No. 120 to 131 / North:Road
South:Road
East : Road
West: Land of
A.Thanuja Re
ddy
Plot No. 132 to 147 / North: Road
South: Road
East : Road
West: Road
Plot No. 148 to 163 / North:Road
South: Road
East : Road
West: Road
Plot No. 164 to 168 / North:Road
South: Road
East : Land of
A.Jayakumar
Reddy
West; Road
Plot No. 174 to 176 / North:Road
South: Land
Of A.Vijaya
kumar Reddy
East : Land of
A.Jayakumar
Reddy.
West: Road
Plot No. 169 to 173 / North: Road
South: Land
Of A.Vijaya
Kumar Reddy
East : Road
West: Road
/ 6,24,00,000/- / 62,40,000/ / 25.03.2015 between 11.00 AM and 12.30 PM

The end time of auction will be extended by 5 minutes each time a bid is made within last 5 minutes of Auction.

Secured debt Rs.9,21,64,508.00 + interest and expenses.

Minimum Bid increment amount is Rs.10,000/-

Last Date of Submission of Bid Application with EMD is 23.03.2015 up to 3.00 pm

The intending purchaser can inspect the property on 21.03.2015 between 11.00 A.M. and 4.00P.M. (on prior appointment only)

Terms and conditions of Sale:

  1. Auction / bidding shall only be through “online electronic mode” through the website of the Service Provider i.e. or Auction Tiger Mobile APP. For participating in e-auction sale the intending bidders should register their details with the Service Provider e-Procurement Technologies Ltd. well in advance and get the User ID and password. Only the password may be changed on receiving it.
  1. The bidders may participate in e-auction for bidding from their place of choice. Internet connectivity shall have to be ensured by bidder himself. Bank/Service Provider shall not be held responsible for the internet connectivity, network problems, system crash down, power failure etc.
  1. For details, help, procedure and online training on e-auction prospective bidders may contact the Service Provider:(Auction Tiger) Contact No.:079-40230825/ 826/827/816to824MobNo.09898745874/9866971007emailid:,,,,,
  1. For participating in e-auction, intending bidders have to deposit a refundable EMD of 10% of reserve price by RTGS/NEFT/Funds Transfer to the credit of A/C No ‘64026826179”,SBM,RASMECCC Branch through IFSC Code “SBMY0040701” or by Demand Draft /Pay Order in favour of “Authorized Officer, SBM, RASMECCC ” payable at Hyderabad. The intending bidders should submit / send their “E-AUCTION EMD FORM” with the Demand Draft towards EMD, along with copy of ID proof and PAN Card, before the Auction date to the Authorized Officer. The envelope containing document should be super scribed with “e-auction sale (account id)”. The EMD amount will not carry any interest.
  2. The property shall be sold to the highest bidder. The purchaser shall deposit 25% of the sale price (including EMD) immediately on the day of sale being confirmed in his/her favour. On receipt of said payment and verification of KYC documents with originals (Photo ID and address proof documents), the Authorised Officer shall issue letter of sale confirmation. The balance amount shall be paid on or before the fifteenth day of confirmation of sale of immovable assets or such extended period as may be agreed upon in writing between the parties. If 25% of the sale price is not paid for any reason, EMD will be forfeited. Likewise, if the balance 75% amount is not paid for any reason within 15 days or such extended period as stated above, 25% of amount already deposited by him/her will be forfeited and Bank will be at liberty to re-auction the immovable assets
  3. The assets are being sold on ‘As is where is’ and ‘As is what is’ condition. The bidders should make their own inquiries regarding any statutory liabilities/ Taxes/ dues etc. in respect of the above mentioned assets by themselves before participating in the auction.
  1. In case of Technical defects/ holiday declared or any other reason, if the website is not available on the last day of submission of bid or on the day of auction, the respective events shall be postponed to the next working day / website available day.
  1. The EMD of the unsuccessful bidders will be refunded on the closure of the e-auction sale and intimated via their email Id. Bidders should provide details of their Bank accounts such as Name of the Bank and Branch, IFSC Code number, Account Number etc. for the purpose in the bid form.
  1. On confirmation of sale by the Bank and if the terms of payment have been complied with, the Authorised Officer exercising the power of sale shall issue Sale Certificate for immovable assets in favour of the purchaser in the form given in Appendix V of the Security Interest (Enforcement) Rules, 2002.
  1. The sale certificate will be issued in the name of the purchaser(s) / Applicant(s) only and will not be issued in any other name(s).
  1. The purchaser shall bear the dues to Excise Dept, VAT, charges/fee payable for conveyance such as registration fee, stamp duty, statutory dues etc. as applicable as per law.
  1. The Bank is not liable to pay any interest/ refund of EMD in case of any delay in issue of confirmation of sale/ Sale Certificate by virtue of any Court Order received after e-auction is held.
  1. The Authorised Officer reserves the right to reject any or all the offers/tenders without assigning any reason or shall have the right to postpone or cancel e-auctioning. The Authorised Officer also reserves the right to modify any terms and conditions of the advertisement/sale at his discretion without prior notice.
  1. The Authorised Officer or the Bank shall not be responsible for any charge, lien, encumbrances, or any other dues to the Government or any one else in respect of immovable assets e-auctioned.
  1. This is also a notice to the borrower/guarantors of the said loan about holding of e-auction sale on the above mentioned date if the dues are not repaid in full before the date of e-auction.

For other terms and conditions visit:

Note: The intending bidders may contact The Chief Manager, State Bank of Mysore, RASMECCC, Nallkunta Chourasta, Hyderabad on Land line 040-66133886 for ascertaining the details of property and also for inspection of property. Details of the Terms and conditions of Sale can also be viewed at websites: and

Date: 18.02.2015.Sd/- Authorized Officer

Place: HyderabadState Bank of Mysore