Canara Bank Plant & Machinery Auction in Kotagiri, Nilgiris

Property for Auction in Kotagiri, Nilgiris, Tamil Nadu

Property Type IconProperty Type:
Plant & Machinery
Location IconLocation:
Kotagiri, Nilgiris
Auction Date IconAuction Date:
19-08-2025 11:30 AM

Auction Details

Auction ID:550290

Bank Name:Canara Bank

Branch Name:Asset Recovery Management Branch

Reserve Price:32,16,000

EMD:3,21,600

Service Provider:BAANKNET

Important Dates

Submission Date:19-08-2025 11:00 AM

Bid Start Date:19-08-2025 11:30 AM

Property Description

This auction features the plant and machinery assets of M/s. Springdale Co Tea Factory, located in Kotagiri, within the scenic Nilgiris district of Tamil Nadu. The property comprises various industrial equipment categorized as scrap, plant, and machinery, suitable for diverse manufacturing or recycling needs. Situated in a key industrial area, these assets represent a significant opportunity for businesses looking to expand their operational capabilities or source valuable equipment. Inspect the assets and prepare to bid in this upcoming Canara Bank auction.

State:Tamil Nadu

City:Nilgiris

Area:Kotagiri

Asset Category:Scrap, Plant & Machinery

Auction Description

Canara Bank presents a SARFAESI auction for M/s. Springdale Co Tea Factory's plant and machinery in Kotagiri, Nilgiris, Tamil Nadu. This auction offers a valuable opportunity to acquire industrial assets. The reserve price is set at ₹32,16,000, with an Earnest Money Deposit (EMD) of ₹3,21,600. The auction will take place online on August 19, 2025, from 11:30 AM to 12:30 PM. Don't miss this chance to bid on a comprehensive range of plant and machinery assets.

Borrower Name:M/s. Springdale Co Tea Factory

Auction Type:SARFAESI Auction

Contact Details

Contact Ph. No. 0422-2555655, Mob No: 94890 43584) E-mail: [email protected]

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