Karnataka Bank Ltd. has taken possession of an immovable property under the SARFAESI Act, 2002. The action follows the failure of borrowers M/s BSR Bakers, Mr. Boyidi Manikanta, and Mr. Boyidi Sudheer to repay an aggregate outstanding amount of ₹54,06,379.33. The asset comprises 1,306.80 Sq. Yards of non-agricultural vacant land with a commercial building in Tanuku, West Godavari. The public is cautioned against dealing with this property.