public notice of sale through e-auction reconstruction of financial assets and enforcement of security interest act.2002 read with proviso to rule 8(6) of the security interest (entorcement) rules,2002. sale of immovable properties mortgaged to the secured creditor, the physical possession of which has been taken by the authorized officer of the secured creditor on 18-08-2026 will be sold on as is where isas is what is" and"whatever there is condition on 29-09-2026 for recovery of rs.5,53,77,423

Karnataka Bank Limited has invited bids for the public notice of sale through e-auction reconstruction of financial assets and enforcement of security interest act.2002 read with proviso to rule 8(6) of the security interest (entorcement) rules,2002. sale of immovable properties mortgaged to the secured creditor, the physical possession of which has been taken by the authorized officer of the secured creditor on 18-08-2026 will be sold on as is where isas is what is" and"whatever there is condition on 29-09-2026 for recovery of rs.5,53,77,423.14 (rupees five crore fifty three lakh seventy seven thousand four hundred twenty three and fourteen paisa onty) ie.in respect of the balance outstanding in the following accounts as on the date of this notice and further interest as detailed below and other charges due to the secured creditor from the below mentioned borrower/s/co-obligant/s/guarantor/s: 1. m/s. sri gayathwi devi &co. - account number: 9577000600001001, outstanding balance: rs.4,25,52,355.68+interest from 01-06-2026 and costs - account number: 9577001800003101, outstanding balance: rs.64,98,279.42+interest from 11-06-2026 and costs 2. m/s. sri rajeshwari&co - account number: 9577000600001501, outstanding balance: rs.63,26,788.04+interest from 01-06-2026+costs grand total of (1 &2): rs.5,53,77,423.14 (rupees five crore fifty three lakh seventy seven thousand four hundred twenty three and fourteen paisa only)+ other charges and costs description of immovable secured assets: all that part and parcel of the open plot situated within registration and sub registration of balari, non-agricultural land bearing sy.no.285/8/2 (part measuring 0.50 acre and building under construction thereon situated at beside sri chaitanya pugirs college siruguppa road havambhavi ballar taluk baari. dist ballan-583 103. bounded by east property belongs to b.leelavathi west property belongs to s.lakshmidevi north: property belongs to b.karunakara reddy south: road., with an EMD of ₹1.24 Cr. Please refer to the tender document for project value details. Interested bidders can submit applications until 29 September 2026, with the technical opening scheduled for 29 September 2026.