Land Auction in Ongole | State Bank of India Auction

Property details

Property Type

Land

Description

Loan A/c: SARB Vijayawada - Property 3 (owner Sri Bezawada Purna Chandra Rao) | 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. 20,000 | 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

347.3 sqyd

Possession

physical

Locality

Ongole

Full Address

Vacant site, Sy. No. 305, south side of Plot 15 full & part of Plot 17, Ravij Nagar, Ongole (Sale Deed 7016/2007 dt 18.07.2007, SRO Ongole). East: plots sold by Ch. Subbarao to others; South: Plot 17 (N. Venkatswarlu & others); West: 30 ft bazaar; North: Plot 13

Pincode

523001

Bank & auction terms

Auction ID

AX-07IOPE5

Bank / Authority

State Bank of India

Reserve Price

₹ 1,04,00,000

EMD Amount

₹ 10,40,000

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