Land Auction in Ongole | State Bank of India Auction

Property details

Property Type

Land

Description

Loan A/c: SARB Vijayawada - Property 4 (owner Smt. Bezawada Vijayalakshmi) | Demand Notice: 28-10-2021 (Rice Mill) & 01-12-2021 (SVL Rice Stores) | Outstanding: Rs. 9,47,90,495.69 (Rice Mill) & Rs. 2,77,44,728.34 (SVL Rice Stores), both as on 14.10.2021 + interest from 15.10.2021 | Possession Date: Physical | Bid Increment: Rs. 10,000 | EMD Last Date: Pre-bid EMD before close of e-auction | Inspection: 15-09-2026 to 04-10-2026, 10:00 AM-4:00 PM | Platform: https://baanknet.com (PSB Alliance); pre-bid EMD via PSB Alliance before close of auction; helpline 8291220220 (05-10-2026, 11:00 AM-4:00 PM) | Encumbrance/Litigation: Borrower filed SA 551/2024 (DRT Visakhapatnam), no stay; WP 13368/2024 & 17372/2024 pending in AP High Court against cancellation of compromise

Area

212 sqyd

Possession

physical

Locality

Ongole

Full Address

Vacant site, Sy. No. 306, Plot No. 16, Ravij Nagar, Ongole Municipal Corp (Title Deed 4738/2007 dt 04.05.2007, SRO Ongole). East: Plot 17 (J.K. Viswanatham); South: Plot 18 (V. Narayana Rao & others); West: 30 ft road; North: 40 ft road

Pincode

523001

Bank & auction terms

Auction ID

AX-1RXO7LR

Bank / Authority

State Bank of India

Reserve Price

₹ 64,00,000

EMD Amount

₹ 6,40,000

Auction Date

05 Oct 2026

Auction Time

11:00

Borrower Name

M/s Sri Vijayalakshmi Raw & Boiled Rice Mill (MD Bezawada Purnachandra Rao) & M/s SVL Rice Stores (Managing Partner Bezawada Chandrabose); partners/guarantors/legal heirs: Bezawada Purna Chandra Rao, Chandrabose, Vijayalakshmi, Chakravarthy, Bharadwaj and others

Bank Contact Details

Sri G. Sekhar, Chief Manager, SBI SARB Vijayawada, 99899 33474 / 99204 59242

Auction documents

• Sale noticesale noticeDownload