Commercial Space Units bearing No.1A, 1B, 1C, and 1 D on First Floor at Meridian Plaza along with undi- vided proportionate share of land of 85.64 Yds., with built up area 3232 Sq.Ft., situated at beside Lal Bangalow, Ameerpet, Hyderabad. Bounded by: North: Open to Sky, South: Unit No.16(116), East: Entrance and lobby below, West: Corridor.
The above properties together with all buildings, structures constructed thereon and all fixtures fittings annexed thereon in the above said premises. Actual area of the property to be verified and satisfied by the prospective bidders before participating in the bid. This is to put on record that cases against Mr AV Rao One of the guarantor of the account are pending in CBI, ED, and IT. The property is mortgaged by the company to SBH and subsequently assigned to ASREC. IP petition is filed in NCLT by two personal guarantors 1) Mr. A.Venkateswara Rao and 2) Mrs. A.L.Anuradha. NCLT Liquidation process is also completed and ASREC has not relinquished its right on the above said property under Sec 52 of IBC act 2016. The NCLT has passed orders dissolving the company.