Property Type:
Location:
Auction Date:Auction Details
Auction ID:550295
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹38,00,000
EMD:₹3,80,000
Service Provider:BAANKNET
Important Dates
Submission Date:30-08-2025 11:00 AM
Bid Start Date:30-08-2025 11:30 AM
Property Description
The property consists of plant and machinery located in Kangeyam, Tiruppur, Tamil Nadu. The assets include a Reactor With 3 HP Motor (4000L), Reactor With 3 HP Motor (3000L), Storage Tank (8000L), Blending Machine (1500L), Blending Machine with 1.5 HP motor, Filling machine (ADPAC/PF-1000, Sr no.1921), Storage Tank (60KL), and Storage Tank (40KL). The Reserve Price is 3800000.0 and the EMD is 380000.0.
State:Tamil Nadu
City:Tiruppur
Area:Kangeyam
Asset Category:Scrap, Plant & Machinery
Auction Description
This auction features various plant and machinery from M/s. Vel Lubricants, offered by Canara Bank. The assets include reactors, storage tanks of various capacities (4000L, 3000L, 8000L, 60KL, 40KL), a blending machine with a 1.5 HP motor, another blending machine, and a filling machine (ADPAC/PF-1000, Sr no.1921). This SARFAESI auction is being conducted by BAANKNET.
Borrower Name:M/s. Vel Lubricants
Auction Type:SARFAESI Auction
Contact Details
Contact Ph. No. 0422-2555655, Mob No: 94890 43584) E-mail: cb4712@canarabank.com
