Land for auction 2103 Book Debts, Parvathipuram, Vizianagaram by BOI

The property is a piece of land and a Rice Mill Building measuring 2103 Sq yards (1766.52 Sq Mts) located in Addapuseela panchayat/revenue village, Parvathipuram Mdl., Parvathipuram manyam Dist. The building comprises 5885.4 Sq ft (529.68 Sq Mts) of ACC Sheet Building of Rice mill and 1200 Sq ft (108.00 Sq Mts) of ACC Sheet Rooms. The boundaries are: East: 20 ft Width Road, South: Dry land of Guntireddi Sugunamma, West: Sri Raghavendra Mineral water plant and vacant site belongs to V Durga Nageswara rao, North: vacant site belongs to V Durga Nageswara rao.

This auction involves the sale of land and a building located in Parvathipuram, Vizianagaram, Andhra Pradesh, by Union Bank of India. The property is identified as M/s Aruna Modern Rice Mill, Prop: Balaga Usha Rani, and measures 2103 Sq yards. It includes a Rice Mill Building with ACC Sheet construction. The primary security for the auction is the hypothecation of machinery, stocks, finished goods, book debts, and other chargeable assets of the firm. The collateral security is the land and building itself. The auction is conducted under SARFAESI Act, with a reserve price of 83,00,000 and an EMD of 8,30,000. The auction will take place on 29-08-2025 from 12:00 PM to 05:00 PM.