(A GOVERNMENT OF INDIA UNDERTAKING)

(Auction Sale Notice for Sale of Immovable Properties)

SALE NOTICE

E-Auction Sale Notice for Sale of Immovable Properties under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with
provision 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 properties mortgaged/charged to the Secured Creditor,
the constructive/physical possession of which has been taken by the Authorised Officer of
Visakhapatnam Overseas branch of the Canara Bank, will be sold on “As is where is”, “As is what
is”, and “Whatever there is” on 27/03/2020, for recovery of Rs.9,78,92,529.72 (Rupees nine crore
seventyeight lakh ninetytwo thousand five hundred twentynine and paisa seventytwo only) and
interest f rom 0 1 / 0 2 /2 0 2 0 due to the Visakhapatnam Overseas branch of Canara Bank from M/
s Holly Offshore Logistics Pvt. Ltd. and Sri. Damodar Devadas Devasani, Smt. Nirmala Devasani, Sri.
Pradeep Kambala and Smt. Surisetty Aruna Rani Devi.

The reserve price will be Rs.349.20 lakhs, Rs.57.93 lakhs and Rs.68.84 lakhs and the earnest money
deposit will be Rs.34.92 lakhs, Rs.5.79 lakhs and Rs.6.88 lakhs for property number 1, 2 and 3
respectively. The earnest money deposit shall be deposited on or before 26.03.2020 at 5.00 p.m
(offline or online).

Details and full description of the immovable property with known encumbrances, if any

( Rs. In lakhs)
Details of the immovable properties RP Bid
Fixed Money

PROPERTY NO.1 : Site Measuring an Extent of 472.65s sqyd together with RCC Building 349.20 34.92
Consisting of Ground + 3Floors with Plinth area 4254 sft each bearing Door No.49-44-28/3 in
Sy 46part at Jagannadhapuram, Akkayyapalem Area Greater Visakhapatnam Municipal,
Dwarakanagar sub limits.

East: S S Towers Apartment

South: Property belongs to Sadaaram Apparao
West: 30 Feet Wide Road
North: 30 Feet Wide Road

PROPERTY NO.2 : Site measuring an extent of 4206.77 sqyds of vacant residential plot Nos. 57.93 5.79
38, 39, 40, 42, 43, 44, 45, 47, 48, 50, 51, 55, 56, 57, 58, 59, 60, 61, 62 (19 plots) situated at Sy
no.195/1 to 10, 195/20 to 32 of Chanduluru and Lachampeta Village, L KotaMandal,
Vizianagaram District, Approved layout DTCP in the name of Smt. Nirmala Devasani &
Damodar Devadas Devasani. (Sale Deed No.3592/2015 Dt.2-7-2015)

Plot NO.38 – 274.71 sq yds

East: 40 Feet Road
South: Plot No.49
West: Plot No.39
North: 40 Feet Road

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Plot NO.39 – 210.65 sq yds

East: Plot NO.38
South: Plot No.48
West: Plot No.40
North: 40 Feet Road

Plot NO.40 – 215.05 sq yds

East: Plot NO.39
South: Plot No.47
West: Plot No.41
North: 40 Feet Road

Plot NO.42 – 220.36 sq yds

East: Plot NO.41
South: Plot No.45
West: Plot No.43
North: 40 Feet Road

Plot NO.43 – 336.86 sq yds

East: Plot NO.42
South: Plot No.44
West: Others Land
North: 40 Feet Road

Plot NO.44 – 242.00 sq yds

East: Plot NO.45
South: 33 feet Road
West: Others Land
North: Plot No.43

Plot NO.45 – 201.66 sq yds

East: Plot NO.46
South: Plot No.20
West: Plot NO. 44
North: Plot No.42

Plot NO.47 – 201.66 sq yds

East: Plot NO.48
South: 33 feet Road
West: Plot NO. 46
North: Plot No.45

Plot NO.48 – 201.66 sq yds

East: Plot NO.49
South: 33 feet Road
West: Plot NO. 47
North: Plot No.39

Plot NO.50 – 266.66sq yds

East: 33 feet Road
South: Plot No. 51
West: Others Land
North: 33 Feet Road
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Plot NO.51 – 222.22 sq yds

East: 33 feet Road
South: Plot No. 52
West: Others land
North: Plot No. 50

Plot NO.55 – 201.66 sq yds

East: Plot No. 71
South: Plot No. 54
West: 33 feet Road
North: Plot No. 56

Plot NO.56 – 201.66 sq yds

East: Plot No. 70
South: Plot No. 55
West: 33 feet Road
North: Plot No. 57

Plot NO.57 – 201.66 sq yds

East: Plot No. 69
South: Plot No. 56
West: 33 feet Road
North: Plot No. 55

Plot NO.58 – 201.66 sq yds

East: Plot No. 68
South: Plot No. 57
West: 33 feet Road
North: Plot No. 59

Plot NO.59 – 201.66 sq yds

East: Plot No. 67
South: Plot No. 58
West: 33 feet Road
North: Plot No. 60

Plot NO.60 – 201.66 sq yds

East: Plot No. 66
South: Plot No. 59
West: 33 feet Road
North: Plot No. 61

Plot NO.61 – 201.66 sq yds

East: Plot No. 65
South: Plot No. 60
West: 33 feet Road
North: Plot No. 62

Plot NO.62 – 201.66 sq yds

East: Plot No. 64A
South: Plot No. 61
West: 33 feet Road
North: Plot No. 63

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PROPERTY NO.3 : Site measuring an extent of 5129.71 sqyds of vacant residential plot Nos. 68.84 6.88
8,9,10,11,12, 13, 19, 20, 21, 22, 23, 24, 25, 26, 33, 34, 35, 36, 37 (19 plots) situated at Sy
no.195/1 to 10, 195/20 to 32 of Chanduluru and Lachampeta Village, L Kota Mandal,
Vizianagaram District, Approved layout DTCP in the name of Smt. Nirmala Devasani &
Damodar Devadas Devasani. (Sale Deed No.3593/2015 Dt.2-7-2015)

Plot No. 8 – 274.71 sq yds

East: 33 feet Road
South: 33 feet Road
West: Plot No.21
North: 40 feet Road

Plot No. 9 – 311.11 sq yds

East: 33 feet Road
South: Plot NO.8
West: Plot No.20
North: Plot No.10

Plot No. 10 – 311.11 sq yds

East: 33 feet Road
South: Plot NO.9
West: Plot No.19
North: Plot No.11

Plot No. 11 – 311.11 sq yds

East: 33 feet Road
South: Plot NO.9
West: Plot No.18
North: Plot No.12

Plot No. 12 – 311.11 sq yds

East: 33 feet Road
South: Plot NO.11
West: Plot No.17
North: Plot No.13

Plot No. 13 – 311.11 sq yds

East: 33 feet Road
South: Plot NO.12
West: Plot No.16
North: Plot No.14

Plot No. 19 – 311.11 sq yds

East: Plot No.10
South: Plot NO.20
West: 40 feet Road
North: Plot No.18

Plot No. 20 – 311.11 sq yds

East: Plot No.9
South: Plot NO.21
West: 40 feet Road
North: Plot No.19

Plot No. 21 – 420 sq yds

East: Plot No.8
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South: 33 Feet Road
West: 40 feet Road
North: Plot No.20

Plot No. 22 – 249.33 sq yds

East: Plot No.23
South: Plot No.37
West: 40 feet Road
North: 33 Feet Road

Plot No. 23– – 201.66 sq yds

East: Plot No.24
South: Plot No.36
West: Plot NO.22
North: 33 Feet Road

Plot No. 24 – 201.66 sq yds

East: Plot No.25
South: Plot No.35
West: Plot NO.23
North: 33 Feet Road

Plot No. 25 – 201.66 sq yds

East: Plot No.26
South: Plot No.34
West: Plot NO.24
North: 33 Feet Road

Plot No. 26 – 201.66 sq yds

East: Plot No.27
South: Plot No.33
West: Plot NO.25
North: 33 Feet Road

Plot No. 33 – 201.66 sq yds

East: Plot No.32
South: 40 Feet Road
West: Plot NO.34
North: Plot No. 26

Plot No. 34 – 201.66 sq yds

East: Plot No.33
South: 40 Feet Road
West: Plot NO.35
North: Plot No. 25

Plot No. 35 – 201.66 sq yds

East: Plot No.34
South: 40 Feet Road
West: Plot NO.36
North: Plot No. 24

Plot No. 36 – 201.66 sq yds

East: Plot No.35
South: 40 Feet Road
West: Plot NO.37

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North: Plot No. 23

Plot No. 37 – 249.66 sq yds

East: Plot No.36
South: 40 Feet Road
West: 40 Feet Road
North: Plot No. 22

The Earnest Money Deposit (EMD) shall be deposited on or before 26-03-2020 at 05:00 PM.

For detailed terms and conditions of the sale please refer the link “E-Auction” provided in Canara
Bank’s website (www.canarabank.com) or may contact The Chief Manager, Visakhapatnam
Overseas branch, Canara Bank, Ph. Nos. 0891-2547925/926, 08331015610 during office hours on
any working day.

Date: 20-02-2020 Authorised Officer

Place: Visakhapatnam CANARA BANK

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DETAILED TERMS AND CONDITIONS OF THE SALE NOTICE DATED 20.02.2020.

1. Name and Address of the Secured Creditor: Canara Bank Visakhapatnam Overseas
Visakhapatnam

2. Name and Address of the Borrowers/ M/s Holly Offshore Projects Pvt. Ltd.
D No.22-31-6, Fishing Harbour Road, I Town
Visakhapatnam 530003

Guarantors Sri. Damaodar Devadas Devasani,

Seashell enclave,
Row House No.3,
Besides Sai Baba Temple,
Waltair Uplands,
Visakhapatnam.

Smt. Nirmala Devasani ,

W/o Mr. Damaodar Devadas Devasani ,
Seashell enclave,
Row House No.3,
Besides Sai Baba Temple,
Waltair Uplands,
Visakhapatnam.

Sri Pradeep Kambala ,

C/O Mr. Damaodar Devadas Devasani ,
Seashell enclave,
Row House No.3,
Besides Sai Baba Temple,
Waltair Uplands,
Visakhapatnam.

Smt. Surisetty Aruna Rani Devi,

W/o Surisetty Satyanarayana
49-44-28/3, S S Towers,
Dondaparthy, Akkayyapalem,
Visakhapatnam – 530016.

3. Total liabilities as on date: Rs.9,78,92,529.72 and interest from 01.02.2020.

4. (a) Mode of Auction: Online(E-auction)

(b) Details of Auction service provider: M/s e-Procurement Technologies Limited

(c) Date and Time of Auction: 27-03-2020, from 10:30 AM to 04:00 PM.

(Within unlimited extension of 5 minutes duration each till the conclusion of sale)

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(d) Place of Auction: https://canarabank.auctiontiger.net

5. Reserve Price:

Details of Securities & Value in (Rs. in Lakhs) RP Bid

Fixed Money

Site Measuring an Extent of 472.65s sqyd together with RCC Building Consisting of Ground + 349.20 34.92
3Floors with total Plinth area 4254 sft each Door No.49-44-28/3 Sy 46part at
Jagannadhapuram, Akkayyapalem Area Greater Visakhapatnam Municipal, Dwarakanagar
sub limits.

Site measuring an extent of 4206.77 sqyds of vacant residential plot Nos. 38, 39, 40, 42, 43, 57.93 5.79
44, 45, 47, 48, 50, 51, 55, 56, 57, 58, 59, 60, 61, 62 (19 plots) situated at Sy no.195/1 to 10,
195/20 to 32 of Chanduluru and Lachampeta Village, L KotaMandal, Vizianagaram District,
Approved layout DTCP in the name of Smt. Nirmala Devasani & Damodar Devadas Devasani.
(Sale Deed No.3592/2015 Dt.2-7-2015)

Site measuring an extent of 5129.71 sqyds of vacant residential plot Nos. 8,9,10,11,12, 13, 68.84 6.88
19, 20, 21, 22, 23, 24, 25, 26, 33, 34, 35, 36, 37 (19 plots) situated at Sy no.195/1 to 10,
195/20 to 32 of Chanduluru and Lachampeta Village, L Kota Mandal, Vizianagaram District,
Approved layout DTCP in the name of Smt. Nirmala Devasani & Damodar Devadas Devasani.
(Sale Deed No.3593/2015 Dt.2-7-2015)

6. Other terms and conditions:

a) Auction/bidding shall be only through “Online Electronic Bidding’’ through the website M/
s e-Procurement Technologies Limited. Bidders are advised to go through the website for
detailed terms before taking part in the e-auction sale proceedings.

b) The property can be inspected, with Prior Appointment with Authorised Officer, on 24.3.2020
during office hours.

c) The property will be sold for the price which is more than the Reserve Price and the
participating bidders may improve their offer further during auction process.

d) EMD amount of 10% of the Reserve Price is to be deposited by way of Demand draft in
favour of Authorized Officer, Canara Bank, Visakhapatnam Overseas branch OR shall be
deposited through RTGS/NEFT/Fund Transfer to credit of account of Canara Bank,
Visakhapatnam Overseas branch, A/c No 2377295000001 IFSC Code: CNRB0002377 on or
before 26.03.2020, 5:00PM.

e) Intending bidders shall hold a valid digital signature certificate and e-mail address. For details
with regard to digital signature please contact M/s e-Procurement Technologies Limited
(Auction Tiger), https://canarabank.auctiontiger.net and contact Person for Vizag Region -
Name: Ravikumar Chukka, Mobile :+91 8008617666, Email id : ap@auctiontiger.net, Support
& Backup Office : Support Team, Contact No Landline :+91 79 4023 0811/812/810; Toll free

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Number: 1800 103 5342, Mobile: +91 9898745874.

f) After payment of the EMD amount, the intending bidders should submit a copy of the
following documents/details on or before 27.03.2020, 5:00 PM, to Canara Bank,
Visakhapatnam Overseas branch, by hand or by email to cb2377@canarabank.com

i) Demand Draft / Pay order towards EMD amount. If paid through RTGS/NEFT,
acknowledgement receipt thereof with UTR No.

ii) Photocopies of PAN Card, ID Proof and Address proof. However, successful bidder would
have to produce these documents in original to the Bank at the time of making payment
of balance amount of 25% of bid amount.

iii) Bidder’s Name, contact No. and address, e-mail Id.

iv) Bidder’s account details for online refund of EMD.

g) The intending bidders should register their names at portal https://canarabank.auctiontiger.net

and get their User ID and password free of cost. Prospective bidder may avail online training
on E- auction from the service provider M/s e-Procurement Technologies Limited (Auction
Tiger), https://canarabank.auctiontiger.net and contact Person for Vizag Region - Name:
Ravikumar Chukka, Mobile :+91 8008617666, Email id: ap@auctiontiger.net, Support & Backup
Office : Support Team, Contact No Landline :+91 79 4023 0811/812/810; Toll free Number:
1800 103 5342, Mobile: +91 9898745874.

h) EMD deposited by the unsuccessful bidder shall be refunded to them. The EMD shall not
carry any interest.

i) Auction would commence at Reserve Price, as mentioned above. Bidders shall improve
their offers in multiplies of Rs.10,000/- (Rupees Ten Thousand only). The bidder who submits
the highest bid (above the Reserve price) on closure of 'Online' auction shall be declared as
successful bidder. Sale shall be confirmed in favour of the successful bidder, subject to
confirmation of the same by the secured creditor.

j) The successful bidder shall deposit 25% of the sale price (inclusive of EMD already
paid), immediately on declaring him/her as the successful bidder and the balance within 15
days from the date of confirmation of sale by the secured creditor. If the successful bidder
fails to pay the sale price, the deposit made by him shall be forfeited by the Authorised
Officer without any notice and property shall forthwith be put up for sale again.

k) For sale proceeds of Rs. 50 lakh (Rupees Fifty lakh) and above, the successful bidder will
have to deduct TDS at the rate 1% on the Sale proceeds and submit the original receipt of
TDS certificate to the Bank.

l) All charges for conveyance, stamp duty/GST registration charges etc., as applicable shall be
borne by the successful bidder only.

m) Authorised Officer reserves the right to postpone/cancel or vary the terms and conditions of

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the e-auction without assigning any reason thereof.

n) In case there are bidders who do not have access to the internet but interested in
participating the e-auction, they can approach concerned Circle office or Visakhapatnam
Overseas branch that, as a facilitating centre, shall make necessary arrangements.

o) For further details contact, The Chief Manager, Canara Bank, Visakhapatnam Overseas branch
during office hours on any working day (0891-2547925/926, 08331015610) e-mail id:
cb2377@canarabank.com or M/s e-Procurement Technologies Limited (Auction Tiger) contact
Person for Vizag Region : Name : Ravikumar Chukka, Mobile :+91 8008617666, Email id :
ap@auctiontiger.net, Support & Backup Office : Support Team, Contact No Landline :+91 79
4023 0811/812/810; Toll free Number: 1800 103 5342, Mobile: +91 9898745874.

SPECIAL INSTRUCTION/CAUTION

Bidding in the last minutes/seconds should be avoided by the bidders in their own
interest. Neither Canara Bank nor the Service Provider will be responsible for any
lapses/failure (Internet failure, Power failure, etc.) on the part of the bidder or 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 and
whatever else required so that they are able to circumvent such situation and are able
to participate in the auction successfully.

Place: VISAKHAPATANAM, Authorised Officer

Date: 20.02.2020. Canara Bank

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