rcil

Premier ABC

Registered Post A.D'

cwc/sY/FY22 t ltf?.- November 19,2021

Mr. Ravi Sankar Devarakonda ,M/s. Coastal Projects Limited (in
M/s. Coastal Projects Limited ( liquidation)
liquidation) Corporate Of{ice:
Registered by its Liquidator PIot No.304-0, Road No.78,
C/o. EY Restructuring LLP Film Nagar, Jubilee Hills,
Oval Office, 18, Ilabs Centre Hyderabad, Telangana-Soo O33
Hitec CiW - Telaleana - 5OOO81
M/s. Coastal Projects Lirnited (in Mr. M.Gopal,
liquidation) S/o. Munishamappa,
Registered Offrce: 37 , No .22 , Vij ayalakshmi ColonY,
Plot No.237, 2"d Floor, Kadugodi,
Bapuji Nagar, Bangalore East,
Bhubaneshwar, Khurda, Bangalore Urban-560067
Orissa-751OO9.
Mr. S.Ramesh Mr. S. Surendra
S/o. Muniswamy Naidu, S/o. Late. S. PaPaYl'a
No.244, 13e Main Road, Plot No.S12 R, Jubilee Hills
Banashankari 1"t Stage, 2"a Block, Road No.29,
Bangalore (BBMP) Hyderabad
Karnataka-56OO50 Telaneana-50OO33
Mr. G. Hari Hara Rao
S/o. G. Pandu Ranga Mohan Kumar,
Plot No.4, IInd Floor,
Silent I-ake Valley,
Road No.5l, Jubilee Hills
Hyderabad, Telangana-SOoO33

Dear Sir,

Subiect: Goastal Proiects Limited (in liqn) - Possession of the property on

November 1a,20.27 under the provisions of the SARFAESI Act.
Please find enclosed copy of the possession notice by way of service upon you.

llv,

Officer

Assel Reconsfruclion Compdny (lndio) timifed

The Ruby, lofh Floo[ 29, senopoti Bopot Marg, Dodor (West), Mumboi - 40o 028 lndio'
Tel : (+91 - 22) 6658 l30O Fox : (+91 - 22) 6658 1313 / 14. Website : www orcll co in
Corooroie ldentificotion Number : U65999M'{:1002P1C134884
 ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED
Ercil The Ruby, 10'h Floor, 29, Senapati Bapat Marg, Dadar West, Mumbai
India
- 40O O2A,

POSSESSION NOTICE
WHEREAS
The undersigned is the Authorized Officer of Asset Reconstruction Company (lndia) Limited,
acting in its capacity as Trustee of the "Arcil-CPS-008-ll Trust" (hereinafter referred to as
"Arcil"). Pursuant to Assignment Agreement executed on March 28, 2018, South lndian Bank
Ltd (SIBL) has respectively assigned to Arcil, in its capacity as Trustee of above mentioned
trust, inter alia the financial assistance granted by them to M/s. Coastal Projects Limited (in
liquidation) (hereinafter referred to as "Borrower") together with all underlying security
interest and all their rights in respect thereof in terms of Section 5 of the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (herein
after referred to as "Securitisation Act,2002"). SIBL (the assignor bank) issued demand notice
u/s 13(2) of SARFAESI Act,2002 on 17.O8.2017 in exercise of powers conferred under section
13(12) read with Rule 9 of the Security Interest (Enforcement) Rules, 2002, calling upon the
Borrower M/s. Coastal Projects Limited and its Guarantors including namely Mr. M. Gopal,
Mr. S. Surendra, Mr. G. Hari Hara Rao & Mr. S. Ramesh to repay the amount mentioned in the
notice being Rs. 63,1 1,41,577.83/- (Rupees Sixty Three Crores Eleven Lacs Forty One
Thousand Five Hundred Seventy-Seven and Eighty Three Paise Only) to Bank as on
16.08.2017 together with further interest thereon at contractual rates and other incidental
expenses, within 60 days from the date of receipt of the said notice. The Borrower/G ua rantors
failed to comply with the terms of the said notice.

The Borrower/Gua rantors having failed to repay said amount and having failed to comply
with the notice dated 17.08.2017, notice is hereby given to the Borrower/Guarantors
mentioned hereinabove in particular and to the public in general that pursuant to the orders
passed including order dated 19.02.2020 passed by the Hon'ble Chief Judicial Magistrate,
Bangafore, under the provisions of SARFAESI Act,2002, one Dilip Kamble, Advocate, been
appointed the commissioner vide the order, has taken possession of the property described
herein below and handed it over to the undersigned, being the Authorized officer of Arcil, on
November I 9, 2021.

The Borrower/Gua ra ntors in particular and the public in general are hereby cautioned not to
deal with the property and any dealings with the property will be subject to inter alia the
charge of Arcil for the said amount of Rs.63,1 1,41,577.83/-(Rupees Sixty Three Crores Eleven
Lacs Forty One Thousand Five Hundred Seventy Seven and Eighty Three Paise Only) as on
16.08.2017 together with further interest and other amounts thereon at contractual rates and
other incidental exoenses from 17 -08.2017 till date of reoavment.
DESCRIPTION OF IMMOVABLE PROPERTY
All that part and parcel of 2 Acres (87,120 Sq. Ft.) of land comprised in Sy.No.42 of Pattandur
Agrahara Village, K.R.Puram, Hobli, Bangalore East Taluk, Bangalore. within the limits of
B.B.M.P together with all rights and improvements made therein, in the name of Mr. M.
Gopal, more fully described in Sale Deed No.1 1231/2006-07 dated 04.07.2006 of SRO K. R.
Puram, Bangalore, bounded on:
North by: Government Gutta South by: Road
East bv: Road West by: Lands belonging to Sri. Nayayana Swamy

Date: November 18, 2021

\.)r-
Authorked Officer
Place: Banqalore Asset Reconstruction Company (lndia) Limited
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