STRESSED ASSETS MANAGEMENT BRANCH-II,

D.No.3-4-1013/A, 1st FLOOR, TSRTC BUS STATION,

KACHIGUDA, HYDERABAD – 500 027.
Tel : 040-23147107 Fax: 040-29807791 E.mail : sbi.18359@sbi.co.in

09-03-2017
Hyderabad
Authorized Officer’s Details:
Name: Sri. Sanjay Kumar
Phone Nos. of Branch: 040- 23147107
e-mail - ID : sbi.18359@sbi.co.in
Phone No: 7893331595, (Office): 040 - 2314 7106

e-AUCTION SALE NOTICE

SALE OF MOVABLE AND IMMOVABLE ASSETS CHARGED TO THE BANK UNDER THE SECURITISATION AND
RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002

The undersigned as Authorised Officer of State Bank of India has taken over the following properties u/s
13(4) of the SARFAESI Act.

Public at large is informed that e-auction (under SARFAESI Act 2002) of the charged properties in the below
mentioned case for realization of the Bank’s dues will be held on “AS IS WHERE IS BASIS” and “AS IS WHAT
IS BASIS” and on the terms and conditions specified hereunder.

Whereas
BORROWER
M/s Devi Corporation Pvt. Ltd.
Represented by Managing Director, Smt G. Vasundhara
D. No. 1-1`B`, Opp: Road to Water Works,
Singaraya Konda Village & Mandal
Kalikivai Post, Prakasam Dt., A.P. Pin– 523101.
Guarantors:
1. Smt. Gangineni Annapurna Devi, W/o Sri Gangineni Kondapa Naidu
H.No. 8-30, Vishnalayam Street, Tangutur, Prakasham Dist, Pin: 523 274.
2. Smt. Gangineni Vasundhara W/o Late Sri G B. Raja Sekhar
H.No. 8-30, Vishnalayam Street, Tangutur, Prakasham Dist, Pin: 523 274
3. Sri Gangineni Venkateswara Rao S/o Sri Gangineni Kondapa Naidu
H.No. 1-80, Sidhanakonduru Village, Kaligiri (M), Nellore Dt.
4. Smt. Gangineni Lakshmi Padmaja W/o Sri Gangineni Venkateswara Rao
H.No. 1-80, Sidhanakonduru Village, Kaligiri (M), Nellore Dt.
5. Sri. Gangineni Chandrasekhar S/o Gangineni Laxmaiah Naidu
H.No:10-34-2,Opp.WaterTank, Mettapalem,Kavali, Nellore Dt.
6. Sri. Gangineni Ranga Rao, S/o Gangineni Laxmaiah Naidu
H.No:1-12, MPES, East Wing, Sidhanakonduru, Kaligiri (M), Nellore Dt.

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 7. Smt. Gangineni Vasundhara W/o Late Sri G B. Raja Sekhar
H.No. 8-30, Vishnalayam Street, Tangutur, Prakasham Dist, Pin: 523 274.
8. Smt. Gangineni Annapurna Devi, W/o Sri. Late. Gangineni Kondapa Naidu
Mother of Late Sri G B. Rajasekhar.
H.No. 8-30, Vishnalayam Street, Tangutur, Prakasham Dist, Pin: 523 274.
9. Kum. Gangineni Satwika Naidu (age (15 years) D/o. Late Shri. G. Rajasekhar
Represented by mother guardian Smt. G. Vasundara
H.No. 8-30, Vishnalayam Street, Tangutur, Prakasham Dist, Pin: 523 274.
(The parties in S. No. 7, 8, 9 are referred herein above are the legal heirs/legal representatives of the
deceased Late Shri. G. B. Rajasekhar)
The outstanding dues of the borrower M/s Devi Corporation Pvt. Ltd., Rs.46,40,71,799.39 (Rupees Forty
Six Crores Forty Lakhs Seventy One Thousand Seven Hundred Ninety Nine and Paise Thirty Nine Only) as on
31-10-2016 and further interest from 01-11-2016 at the contractual rate plus incidental expenses, costs,
charges, etc
Demand Notice: 18.06.2016
Date of issue of notice u/s 8(6): 03.10.2016.
Property No -1
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (10:00 to 17:00 Hrs) 2,78,00,000/- 27,80,000/- 1,00,000/-
DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY Sri Gangineni Bhaktavastala Rajasekar,
Total extent of schedule 1A & 1B (295.46 + 169.92)= 463.38 Sq. Yards
Property of Schedule 1 A.
All that part and parcel of the property an extent of 295.46 Sq. Yards available after removing the house bear-
ing the Door No. 37-1-405(9), Sy.No:15/5, Annavarappadu Area, Bhagya Nagar, Ongole, Municipal Limits,
Ongole, Prakasam Dist, standing on the name of Sri Gangineni Bhaktavastala Rajasekar, S/o Shri. G. Kondapa
Naidu vide Doc. No. 3486/2008 Dated 14-05-2008 bounded by: North : Property shown as (1b) below;
South: Property belongs to Chebrolu Vijayalakshmi; East: Trunk Road; West: Municipal Road;
Property of Schedule 1 B.
All that part and parcel of the property an extent of 167.92 Sq. Yards bearing Door No. (Old) 37-1-405(9),
Sy.No:15/5, Annavarappadu Area, Bhagya Nagar, Ongole, Municipal Limits, Ongole, Prakasam Dist, standing
on the name of Sri Gangineni Bhaktavastala Rajasekar, S/o Shri. G. Kondapa Naidu vide Doc. NO. 3486/2008
Dated 14-05-2008 bounded by: North : Municipal Road Municipal Road; South: Property shown as (1b) be-
low; East: Trunk Road; West: Municipal Road

Property No - 2
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (12:00 to 13:00 Hrs) 1,20,00,000/- 12,00,000/- 1,00,000/-

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 DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY Sri. Gangineni Bhaktavatsala Rajasekhar
All that the part and parcel of the property bearing 300 Sq.yds or 252 Sq.Mtrs. or 37 Gadis, in Sy.Nos.761,
762, available after removing the house bearing (Old) Door No. 58-8-5, situated at 6th ward, 17 Block, San-
thapeta, Ongole Town, Ongole Muncipality, Ongole District and standing on the name of Sri. Gangineni
Bhaktavatsala Rajasekhar, S/o Gangineni Kondapanaidu and registered at SRO, Ongole, Ongole District, vide
Doc. No.8088/2011, dtd. 13.06.2011, and bounded by:North: Smt. Gangineni Vasundara property; South:
Suthoren Railways Property.; East: Shri. Pisupati Rama Rao property; West: Muncipality Road
Property No - 3
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (12:30 to 13:30 Hrs) 79,00,000/- 7,90,000/- 1,00,000/-
DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY Smt. Gangineni Vasundhara
All that the part and parcel of the open land admeasuring 198.4/9 Sq. yds or 166.69 Sq.Mtrs. or 24Gadis 58
sq, yards out of 62 gadis 22 sq yards Open land available after removing the house bearing Door No.58-8-5
and assessment no. 24309/26521 in Sy. Nos. 761, 762, 6th ward, 17 Block, Santhapeta, Ongole Town, Ongole
Muncipality, Prakasam District, standing on the name of Smt. Gangineni Vasundhara, W/o Late Shri.
Gangineni Bhaktavatsala Rajasekhar and registered at SRO Ongole, Ongole District, vide Doc. No.8089/2011,
dtd. 13-06-2011, and bounded by: North: Muncipality Road; South: Gangine Bhaktavatsala Rajasekhar.; East:
Pisupati Rama Rao’s House; West: Muncipality Road
Property No - 4
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (13:00 to 14:00 Hrs) 3,66,00,000/- 36,60,000/- 1,00,000/-
DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY Late. Shri. Gangineni Bhaktavatsala Rajasekhar
All that the part and parcel of the land admeasuring Ac. 2.98 cents in Korumetta Sy. No. 593-C1A, situated at
Somarajupalli Village, Singarayakonda, Singarayakonda Mandal, Prakasam Dist., standing on the name of Shri.
Gangineni Bhaktavatsala Rajasekhar S/o Gangineni Kondapanaidu and registered at SRO Singarayakonda,,
vide Doc. No.4371/2006, dtd. 21.12.2006, and bounded by: North: Kaka Subba Rao gari Land; South: Kan-
charla Ratthamma gari Land; East: Railway Track; West: 34 Links wide Donka dhari
Property No -5
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (13:30 to 14:30 Hrs) 1,18,00,000/- 11,80,000/- 1,00,000/-
DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY of Smt.Gangineni Lakshmi Padmaja.
All that the part and parcel of the Plot No:1-A, admeasuring 736 Sq. Yards or 92 Ankanamulu, in Kavali Bit-2,

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 in Sy. Nos. 1992/2a, 1993/1, 1994/1, 1995/2, 1996/2, (in the land available after removing the house bearing
Door No: 10-33-2 situated at 10th ward, Society colony, Street No.2, Kavali Muncipality/ Kavali Mandal, Nel-
lore Rural, Nellore District, standing on the name of Smt.Gangineni Lakshmi Padmaja, w/o Shri. Gangineni
Venkateswara Rao and registered at SRO Kavali, Nellore District, vide Doc. No.1275/2008, dtd. 16-05-2008,
and bounded by: North: Society Colony Park Land, (Door No.10-35-3 Shri. Chaitanya Degree College); South:
Smt. Gangineni Vasundara’s Plot No.A-2.; East: Plot No. 6 of Shri Thota Ramamurthi; West: 40’ wide Road.
Property No - 6
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (14:00 to 15:00 Hrs) 74,00,000/- 7,40,000/- 1,00,000/-
DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY Shri. Gangineni Vasundhara
All that the part and parcel of the Plot No: A-2, admeasuring 736 Sq. Yards or 92 Ankanamulu, (110X60) Open
Land in Kavali Bit-2 village Sy. Nos. 1992/2a, 1993/1, 1994/1, 1995/2, 1996/2, (land available after removing
the house bearing Door No: 10-33-2) situated at 10th ward, Society Colony, Street No.2, Kavali Man-
dal/Muncipality, Nellore Rural, Nellore District, standing on the name of Shri. Gangineni Vasundhara W/o.
Late Shri. Gangineni Bhaktavatsala Rajasekhar and registered at SRO Kavali, Nellore District, vide Doc.
No.1276/2008, dtd. 16-05-2008, and bounded by: North: Gangineni Laxmi Padmaja Plot 1-A; South: 40’ wide
Road; East: Plot No. A-7 now Smt. Prasoona Kumari, H. No. 10-33-2D, West: 40’ wide Road
Property No - 7
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (14:30 to 15:30 Hrs) 1,00,00,000/- 10,00,000/- 1,00,000/-
DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY Sri. Gangineni Venkateswara Rao
All that the part and parcel of the property Plot in Cooperative Housing Society Building Limited NV296, Plot
No-C-17, besides building bearing Door No. 10-32-3B admeasuring 416 Sq. Yards (52 Ankanamulu) situated
Kavali Municipality, Kavali Mandal, Nellore Dist, standing on the name of Sri. Gangineni Venkateswara Rao,
S/o Late Shri. Gangineni Kondapa Naidu and registered at SRO Vinjamuru, vide Partition Deed Doc.
No.61/1990, dtd. 03.03.1990, and bounded by: North: Shri. C. Samba Siva Rao House.; South: Shri.
Gangineni Laxmaiah Naidu Land; East : Road (Raja Bazaru); West: Shri. SV Subba Reddy House
Property No - 8
DATE & TIME OF E – AUCTION RESERVE PRICE BELOW EARNEST MONEY DE- BID INCREMENT
(60 MINUTES DURATION WITH UNLIMITED WHICH THE PROPERTIES POSIT (EMD) 10% OF AMOUNT.
EXTENSIONS OF 5 MINUTES ON EACH ENTRY. WILL NOT BE SOLD. Rs. THE RESERVE PRICE. Rs. Rs.
28-03-2017; (15:00 to 16:00 Hrs) 52,00,000/- 5,20,000/- 1,00,000/-
DATE AND TIME FOR SUBMISSION OF BID APPLICATION/ KYC DOCUMENTS/PROOF DT: 24-03-2017
OF EMD ETC., ON OR BEFORE up to 5:00 P.M
NAME (S) OF OWNER(S) OF PROPERTY Sri. Gangineni Venkateswara Rao
All that the part and parcel of the Plot, admeasuring 360 Sq. Yards or 301.50 Sq. Mtrs or 45 Ankanamulu, sit-
uated near H.No:11.31.37, Ramachandra Singh Street, Kavali Bit-2, Kavali Muncipality, Kavali Village/Taluka,
Nellore District, standing on the name of Sri. Gangineni Venkateswara Rao S/o Gangineni Kondapa Naidu and
registered at SRO, Kavali, Nellore District, vide Doc. No.1467/1982, dtd. 06.09.1982 and bounded by: North:

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 Shri. Thalamanchi Venkateswarlu Reddy house. South: Shri. Pallaboyina Kotaiah House 11-31-36/A; East:
Shri. Botlagunta Venkaiah Naidu and others land. West: Bazar. (Road)

Terms and Conditions

1. E-Auction is being held on “AS IS WHERE IS” and “AS IS WHAT IS BASIS” and will be conducted “On
Line”. The auction will be conducted through the Bank’s approved service provider M/s. C1 India Pvt.
Ltd., at the web portal www.bankeauctions.com. E-Auction Tender Document containing online e-
auction bid form, Declaration, General Terms and Conditions of online auction sale are available in
https://www.bankeauctions.com & http://tenders.gov.in & www.sbi.co.in of State Bank of India.,
2. To the best of knowledge and information of the Authorised Officer, there is no encumbrance on the
properties. However, the intending bidders should make their own independent inquiries regarding
the encumbrances; title of properties put on auction and claims/rights/dues/affecting the property,
prior to submitting their bid. The e-Auction advertisement does not constitute and will not be deemed
to constitute any commitment or any representation of the Bank. The property is being sold with all
the existing and future encumbrances whether known or unknown to the bank. The authorised of-
ficer/Secured Creditor shall not be responsible in any way for any third party claims/rights/dues. THIS
ACUTION SALE IS SUBJECTED TO DISPOSAL OF SA-291/2016, DRT, VISAKHAPATNAM.
3. The intending purchasers/bidders are required to deposit EMD amount either through NEFT/RTGS in
the Account No. 35754829917 with State Bank of India, SAM Branch-2, Hyderabad, IFSC Code–fab or by
Demand Draft/ Pay Order in favour of STATE BANK OF INDIA, Stressed Assets Management Branch-
2, Branch Code 18359, Hyderabad drawn on any Nationalized or Scheduled Bank.
4. Bidders shall hold a valid Digital Signature Certificate issued by competent authority and valid email ID.
{e-mail ID is absolutely necessary for the intending bidder as all the relevant information and allot-
ment of ID & Password by M/s. C1 India Pvt. Ltd., may be conveyed through e-mail}
5. The intending bidder should submit the evidence for EMD deposit like UTR number along with Request
Letter for participation in the E-auction, self-attested copies of (i) Proof of Identification(KYC) viz. Voter
ID Card/Driving License/Passport etc., (ii) Current Address-Proof for communication, (iii) PAN card of
the bidder, (iv) Valid e-mail ID, (v) Contact Number (Mobile/Landline) of the bidder etc. to the Author-
ised Officer, State Bank of India, Stressed Assets Management Branch-2, D.No.3-4-1013/A, 1st Floor,
CAC, TSRTC Bus Station, Kachiguda, Hyderabad, Telangana State – 500027 by date 24/03/2017 by 5.00
P.M. Scanned copies of the original of these documents can also be submitted to e-mail ID of Author-
ised Officer sbi.18359@sbi.co.In
6. Names of the Eligible Bidders, will be identified by the State Bank of India, Stressed Assets Manage-
ment Branch-2, to participate in online e-auction on the portal of M/s. C1 India Pvt.Ltd., Building 301,
Udyog Vihar, Phase – 2, Gulf Petrochem Building, Gurgaon, Haryana – 122015.
https://www.bankeauctions.com will provide User ID & Password after due verification of PAN of the
Eligible Bidders.
7. It shall be the responsibility of the interested bidders to inspect and satisfy themselves about the
property before submission of the bid.
8. The e-Auction/bidding of above properties would be conducted exactly on the schedule date and time
as mentioned against each property by way of interese bidding amongst the bidders. The bidders shall
improve their offer in multiple of the amount mentioned under the column “Bid Increment Amount”
against each property. In case bid is placed in the last 5 minutes of the closing time of the e-Auction,
the closing time will automatically get extended for 5 minutes. The bidder who submits the highest
bid amount (not below the Reserve Price) on closure of the e-Auction process shall be declared as Suc-

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 cessful Bidder and a communication to that effect will be issued through electronic mode which shall
be subject to approval by the Authorised Officer/Secured Creditor.
9. The Earnest Money Deposit (EMD) of the successful bidder shall be retained towards part sale consid-
eration and the EMD of unsuccessful bidder shall be refunded. The Earnest Money Deposit shall not
bear any interest. The successful bidder shall have to deposit 25% of the sale price, immediately on
acceptance of the bid price by the Authorised Officer and the balance of the sale price on or before
15th day of sale or within such extended period as agreed upon in writing and solely at the discretion
of the Authorised Officer. Default in deposit of amount by the successful bidder would entail forfei-
ture of the whole money, already deposited and property shall be put to re-auction and the defaulting
bidder shall have no claim/right in respect of property/amount.
10. The prospective qualified bidders may avail online training on e-Auction from M/s. C1 India Pvt.Ltd.,
Building 301, Udyog Vihar, Phase – 2, Gulf Petrochem Building, Gurgaon, Haryana – 122015.
https://www.bankeauctions.com,. Help Line No. +91-124-4302020/21/22/23/24 +91-9700333933,
email ID: support@bankeauctions.com and bikkina.gandhi@c1india.com, prior to the date of e-
Auction. Neither the Authorised Officer/Bank nor M/s. C1 India Pvt.Ltd., Building 301, Udyog Vihar,
Phase – 2, Gulf Petrochem Building, Gurgaon, Haryana – 122015. Helplines.7291981124/1125/1126
https://www.bankeauctions.com will be held responsible for any internet Network problem/Power
failure/any other technical lapses/failure etc. in order to ward-off such contingent situation the inter-
ested bidders are requested to ensure that they are technically well equipped with adequate power
back-up etc., for successfully participating in the e-Auction event.
11. The purchaser shall bear the applicable stamp duties/additional stamp duty/transfer charges, fee etc.,
and also all the statutory/non-statutory dues, taxes, rates, assessment charges, fees etc. owing to an-
ybody.
12. The Authorised Officer/Bank is not bound to accept the highest offer and has the absolute right to ac-
cept or reject any or all offer(s) or adjourn/postpone/cancel the e-Auction or withdraw any property
or portion thereof from the auction proceedings at any stage without assigning any reason there for.
13. 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).
14. The sale shall be subjected to rules/conditions prescribed under the Securitisation and Reconstruction
of Financial Assets and Enforcement of Security Interest Act, 2002.
15. The purchaser should go through the complete terms and condition in our websites
http://tenders.gov.in , https://www.bankeauctions.com and www.sbi.co.in of State Bank of India for
details and for bid application you are requested to contact bank representative Shri. VSV Satyana-
rayana Mobile: 9440836500. Property inspections on 18-03-2017 & 20-03-2017 with prior appoint-
ment/intimation with M/s. Raghu Associates Resolution Agents of the Bank. Phones: 9440836500,
8885552284, 9866374194 & 040-27003344.

09-03-2017 AUTHORISED OFFICER

HYDERABAD STATE BNAK OF INDIA

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