Canara Bank Commercial Building Auction in Erasakkanaickanur, Theni

The immovable property is a commercial building situated in Erasakkanaickanur, Theni District, Tamil Nadu. The land measures 22 cents (0.08.90 Hect) within Punja land Joint Patta no: 1317 Sy No. 86/3. The building has dimensions of approximately 39 ft (East to West) and 50 ft (South to North), totaling 9592 sq ft. The property includes usual pathway rights, wall rights, and water let out rights. It is located within the Erasakkayakanur Panchayat Limits. The sale also includes six types of machinery: a Masters Preci Tools make Thermoforming Socketing Machine, a local make PVC pipe cutting machine, a Nandini Entrepreneur make electric pipe threading machine, a Bharat make 12.5 KVA Genset, a 3) Pump Pvt Ltd. make 5HP Compressor, and a Vardhini make GI Pipe Bending Machine. All machinery was manufactured in 2019.

This is a SARFAESI auction for a commercial building and associated movable machinery located in Erasakkanaickanur, Theni, Tamil Nadu. The property belongs to Mr. Nagarajan.P and is mortgaged with Canara Bank. The immovable property consists of land measuring 22 cents (0.08.90 Hect) with a commercial building of approximately 9592 sq ft. The movable properties include a Thermoforming Socketing Machine, Pipe Cutting Machine, Pipe Threading Machine, a 12.5 KVA Genset, a 5HP Compressor, and a GI Pipe Bending Machine. The auction is conducted by BAANKNET. The reserve price is 3,640,000.00 and the EMD is 364,000.00. The auction will take place on 26-02-2025, with application submission by 11:00 AM and the auction running from 12:30 PM to 01:30 PM.