STATE BANK OF INDIA

STRESSED ASSETS MANAGEMENT BRANCH

1-1-78, 1ST FLOOR, NEAR SECUNDERABAD H.P.O, R.P.ROAD,
SECUNDERABAD 500 003
e-AUCTION SALE NOTICE
SALE OF IMMOVABLE ASSETS MORTGAGED TO THE BANK UNDER THE
SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND
ENFORCEMENT OF SECURITY INTEREST ACT, 2002
Online electronic biddings are invited from the general public for purchase of the
below mentioned scheduled assets 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 under the said
Act for realization of outstanding dues from the borrower mentioned hereunder:
Name & Address of the Sri. O. Murali Krishna, Prop: V.T. Traders, H.No. 3Borrower
117,
W.S.Colony,
Sathamrai
Village
GP,
Shamshabad Mandal, R.R.Dist, Andhra Pradesh.
Name & Address of the Personal Guarantee:
Guarantors/Mortgagors 1) Smt. O. Usha Rani W/o Sri. O. Murali Krishna,
H.No. 3-117, W.S.Colony, Sathamrai Village GP,
Shamshabad Mandal, Andhra Pradesh.
Amount due
Rs. 1,35,48,987/- as on 12.01.2012 + interest
from 13.01.2012 + costs, charges and incidental
expenses.

SCHEDULE OF ASSETS
Tender No: SBI/SAMB/EA/GW/01
All that part and parcel of open land admeasuring 2130 Sq.yds or 1782.42
Sq.mtrs out of AC 00.38 guntas in Sy.No.11/A situated at Sathamrai
village & Gram Panchayat, Shamshabad Mandal, Ranga Reddy District,
along with factory sheds (3600 Sq.ft and lean shed 342 Sq.ft), residential
building (ground 1280 Sq.ft and first floor 1280 Sq.ft) belonging to
Sri.O.Murali Krishna registered vide Doc.No. 156/2005 dated 17.01.2005
at SRO, Shamshabad and bounded by
NORTH: Land of Others
SOUTH: Land of Sri Papaiah

EAST : Road
WEST: Land of Vendors

Reserve Price: Rs. 78,00,000/e-Auction Website

Date & Time of e-Auction

EMD: Rs.7,80,000/-

https://sbi.abcprocure.com
26.04.2013 Between 11.30 a.m. and 12.30
1

p.m. with auto time extension of five minutes

each, if bidding continues, till the sale is
concluded
Reserve Price

Rs.78,00,000 (Rupees Seventy Eight Lacs

Only)

Earnest Money Deposit

Rs.7,80,000 (Rupees
Thousands Only)

EMD Remittance

Bid Multiplier

Seven

Lac

Eighty

Deposit through ONLINESBI / GRPT / NEFT / RTGS /

PAY ORDER / DEMAND DRAFT. QUOTE REFERENCE EMD EAUCTION - VT TRADERS to the credit of
Account No. 32669084199
with State Bank of
India, STRESSED ASSETS MANAGEMENT Branch
(04106), 1-1-78, Near Secunderabad H.P.O, R.P.
Road, Secunderabad 500 003. A.P.
:: IFSC Code - SBIN0004106
Rs.50,000/(Rupees Fifty Thousand Only)

Inspection of property

19.04.2013 from 11.00 a.m. to 03.00 p.m.

Submission of online bid 26.03.2013 onwards

application with EMD
Last date for submission 22.04.2013 up to 5.00 p.m.
of online bid application
with EMD

Terms and Conditions

1. The immovable assets will be sold under e-Auction through the Banks
approved service provider M/s e-Procurement Technologies Ltd (ETL) under
the supervision of the Authorised Officer of the Bank.
2. e-Auction Tender Document containing online e-Auction bid form,
declaration, general terms and conditions of online auction sale are available
in ETLs website https://sbi.abcprocure.com
3. Intending
bidders
are
advised
to
go
through
the
website
https://sbi.abcprocure.com for detailed terms and conditions of the auction
sale before submitting their bids and participating in the e-auction.
4. Intending bidders may avail online training on e-auction from M/s. EProcurement
Technologies
Ltd.,
Ahmedabad.
Contact
No.07940230816/813/814/815/817/818/819/831/832/833/821. e-mail Id : support
@abcprocure.com. / geetanjali@abcprocure.com
5. Intending bidders shall hold a valid Digital Signature Certificate and
email address. For details with regard to Digital Signature, please contact
M/s e-Procurement Technologies Ltd, Ahmedabad (Contact No. 079-

40005432/5448/5440/5447). Fax No. 079-40016816/876) email id:

support@abcprocure.com , geetanjali@abcprocure.com
6. Bids in the prescribed formats given in the Tender Document shall be
submitted online through the portal of https://sbi.abcprocure.com. Bids
submitted otherwise shall not be eligible for consideration. Bid should be
along with scanned copies of Photo ID, preferably PAN Card and address
proof documents, mentioning UTR number/supportive evidence for
submitting EMD amount. In case of joint bidders, a scanned copy of the
authorization letter signed by all the bidders authorizing actual bidder (one
among them who is holding a valid Digital Signature Certificate) to submit
and participate in the bid on their behalf should be attached to the bid form.
Similarly, in case the bidder is a company, a scanned copy of the resolution
passed by the Board of Directors authorizing the actual bidder, who is holding
a valid Digital Signature Certificate, to submit and participate in the bid on
its behalf should be attached.
7. The EMD and other deposits shall be remitted through EFT / NEFT / RTGS
Transfer to the bank account as specified above.
8. Bid form without EMD or with below EMD amount shall be rejected
summarily.
9. The Bid increment / multiplier shall be at Rs.50,000/-.
10. Online auction sale will start automatically on and at the time as
mentioned above. Auction / bidding time will initially be for a period of one
hour with auto time extension of five minutes each till the sale is concluded.
11. Auction / bidding will be only online bidding through the portal provided
by ETL
12. Demo e-Auction process will be conducted by ETL for familiarization and
allocation of user name/password to eligible prospective bidders for access to
the e-Auction at the specified date and time.
13. 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.
14. 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.
15. The assets are being sold on As is where is and As is what is
condition. The bidders should make their own enquiries regarding any
statutory liabilities/ Taxes/ dues etc. in respect of the above mentioned
assets by themselves before participating in the auction.
16. 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.
17. 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
3

form given in Appendix V of the Security Interest (Enforcement) Rules,

2002.
18. 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).
19. 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.
20. 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.
21. 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-auction. The Authorised Officer also reserves the right
to modify any terms and conditions of the advertisement/sale at his
discretion without prior notice.
22. The prospective bidders can inspect the property on the date and time
mentioned as above.
23. 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.
24.
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.
25. For further details regarding inspection of the immovable assets, the
intending bidders may contact the Authorised Officer, State Bank of India,
Stressed Assets Management Branch, 1-1-78, 1st Floor, Near Secunderabad
H.P.O, R.P. Road, Secunderabad 500 003 during office hours, Phone
No.040-27813332 Mobile:9989092010 / 9866418023 or Banks Approved
Resolution Agent, M/s Goodwill Associates, Hyderabad. Tel No. 04066138555 or its representatives Sri A.R. Raja Reddy, Cell No. 9949901281,
Sri T. Lakshminarayana, Cell No. 9290772769 and also may contact the
Banks approved service provider M/s. e-procurement Technologies Limited,
Phone
No.079-40230833/832/831/821,
or
through
email

support@abcprocure.com, geetanjali@abcprocure and robin@abcprocure.com

for any information on procedure of e-auction.

Place: Secunderabad

AUTHORISED OFFICER

Date: 20.03.2013

ASSISTANT GENERAL MANAGER