Guntur Main Branch, Gowri Sankar Theatre Road, Kothapeta, Guntur-522001

Ph No. 0863 2227420,2351005, 2229966 Fax:0863 2321919,2350522

Mail:bm0150@andhrabank.co.in

Regd Post/Ack Due

Sale notice for sale of immovable properties

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 the Security Interest
(Enforcement) Rules, 2002

Notice is hereby given to the public in general and in particular to the Borrower (s) and
Guarantor (s) that the below described immovable property mortgaged/charged to
erstwhile Andhra Bank, now Union Bank of India, the constructive/physical possession
of which has been taken by the Authorised Officer of erstwhile Andhra Bank, now Union
Bank of India, will be sold on “As is where is”, “As is what is”, and “Whatever there is”
basis on 19th August 2020, for recovery of Rs. 6,34,53,091.80 (Rupees six crores thiry four
lakhs fifty three thousand ninety one and paise eighty only)as on 30.09.2016 along with further
interest at contracted rate and other expenses due to the erstwhile Andhra Bank , now
Union Bank of India, from M/s G.I.Estates and Guarantors 1. Mr Raavi Venakata Ramana 2.
Mr.Kamireddy Tirumala Kumar 3. Mrs. Raavi Kalpana Kiran W/o Raavi Venkata Ramana and 4.
Mr.Maddineni Rattaiah. The reserve prices of each property and the earnest money
deposit will be as per details given below.

SCHEDULE OF PROPERTY

Sl. Particulars of the property Reserve Earnest

No Price Money
Deposit
fixed by
Bank
1 1. Factory Site registered in the name of M/s G I Estates in an
extent of Ac 9.02 Cents at D.No:564,565,belonging to Mr R Rs.1.69 Rs.16.90
Venkata Ramana & Mr K Thirumala Kumar situated at Perecherla, crores lacs
(Ac.3.00+Ac.4.26+Ac.1.76=Ac.9.02 cents)
2. 2. Quarry Land registered in the name of G I Estates in an extent of Rs.11.20
Ac 6.07 Cents at DNo:159/B1, 159/A belonging to Mr K Thirmala Rs.1.12 lacs
Kumar situated at Repudi, Phirangipuram, Guntur Dist crores
3 3. Open Land registered in the name of Mrs. Raavi Kalpana Kiran Rs.1.00
W/o Mr.Raavi Venkata Ramana in an extent of Ac 2.03 cents in Rs.0.10 lac
D.no.653 situated at Chengheesekhan Gram pachayat area, crores
Kondaveedu Sivaru, Phirangipuram, Guntur District

1
For detailed terms and conditions of the sale, please refer to the link provided in Union Bank of India
website i.e. www.unionbankofindia.co.in. To the best information and knowledge of the Authorized
Officer, there is no encumbrance on the property. The interested bidder may contact the AUTHORISED
OFFICER Sri M.Sreenivasa Rao ascertaining the details of auction and inspection of property on the date
mentioned as above contact No.9553725725 (M), TelNo.0863-2252654, e-mail id:
bm0150@andhrabank.co.in

STATUTORY 30 DAYS SALE NOTICE UNDER RULE 8(6)/Rule 9(1) OF STATUTORY INTEREST
(ENFORCEMENT) RULES 2002
This may also be treated as notice u/r 8(6)/Rule 9(1) of security Interest (Enforcement) Rules, 2002
to the borrower/s and guarantor/s of the said loan about the holding of E-auction Sale on the above
mentioned date.

Authorized Officer
Place: Guntur Union Bank of India
Date: 18.07.2020 Guntur Main Branch

1. Borrower 2. Mortagager(s)/ Co-obligant(s)/Guarantor(s)

M/s G.I.Estates, 1. Mr Raavi Venakata Ramana,
Mg Partner:Mr.Raavi S/o Panduranga Rao,
Venkata Ramana, “Roboananda”Apartment
2nd floor 202, 3rd line Ramannapet, Guntur-522 007
Office: 10-2-10, 2nd
line, Sambasivapet, 2. Mr.Kamireddy Tirumala Kumar,
Guntur–522001. S/o Srinivasulu Reddy,
C/o Lakshmi Godavari Spinning Mills Quarters,
Narakoduru (V), Chebrolu(M) Guntur - 522016

3. Mrs. Raavi Kalpana Kiran

W/o Raavi Venkata Ramana
“Roboananda”Apartment
2nd floor 202, 3rd line Ramannapet, Guntur – 522 007

4. Mr.Maddineni Rattaiah,
S/o M.Mohana Rao,
Flat No. 503, Satyateja Apartments, 1st line,
Pattabhipuram,
Guntur - 522 006