Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611927
Bank Name:State Bank of India
Branch Name:SME Ganapathy Branch
Reserve Price:₹10,20,000
EMD:₹1,02,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-10-13
Bid Start Date:2025-11-17
Property Description
This is a car auction property located in Coimbatore, Tamil Nadu, brought to you by the State Bank of India. The vehicle is available for sale under SARFAESI auction terms. This is an excellent opportunity to acquire a vehicle through a transparent and regulated process.
State:Tamil Nadu
City:Coimbatore
Area:coimbatore
Asset Category:Vehicle Auctions
Full Address:No. 273, 2nd Floor, Monalisa, 6th Main, 100 Ft Road, Defence Colony, HAL 2nd Stage, Bengaluru, Karnataka-560 038, Additional Address: No. 146/1, Tea Estate Compound, Race Course Road, Coimbatore, Tamil Nadu 641 018, Race Course Road, Coimbatore
Auction Description
State Bank of India is conducting a SARFAESI auction for a car in Coimbatore, Tamil Nadu. The auction will commence on November 17, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this auction is INR 10,20,000, with an Earnest Money Deposit (EMD) of INR 1,02,000. This is a bank-initiated auction aimed at recovering dues from M/s. SAI SKAND ENTERPRISES PVT LTD.
Borrower Name:M/s. SAI SKAND ENTERPRISES PVT LTD
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Chellammal.R, Mr. Madhavan Vaiyapuri, Mr.Vijai Babu Madhavan
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
This vehicle auction presents a calculated opportunity due to its location in Coimbatore and manageable reserve price. While not a prime property, the auction terms are reasonable. Further inspection and due diligence are advised before bidding.
Contact Details
Branch:Branch Office : SME Ganapathy Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
