Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609627
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹96,63,000
EMD:₹9,66,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:16-12-2025 05:00 PM
Bid Start Date:2025-12-17
Property Description
This is a prime commercial building located in the heart of Nahan, Sirmour, Himachal Pradesh. Situated in a well-connected area, this property offers excellent potential for various business ventures. The building is part of a SARFAESI auction conducted by Punjab National Bank, presenting a unique opportunity for investors and entrepreneurs to acquire a valuable commercial asset at a competitive reserve price.
State:Himachal Pradesh
City:Sirmour
Area:Nahan
Asset Category:Commercial
Full Address:Khewat/Khatoni no. 247/298, Khasra no. 130, Mauza Ogli Industrial area, Kala Amb, Teh Nahan, District Sirmour, HP-173030, Kala Amb, Nahan
Size:1812.45 SQ Yards
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a commercial building in Nahan, Sirmour, Himachal Pradesh. The auction commences on December 17, 2025, at 11:00 AM and concludes at 04:00 PM on the same day. The reserve price for this significant commercial property is set at ₹96,63,000, with an Earnest Money Deposit (EMD) of ₹9,66,000 required to participate. This is an excellent opportunity to acquire commercial real estate through a bank auction.
Borrower Name:M/s Prag Allied Chemicals
Auction Type:SARFAESI Auction
Guarantor Names:Kamlesh Gupta W/o Pramod Kumar Gupta, Dipanshu Gupta S/o Pramod Kumar Gupta (since Deceased), Heer Lal Gupta S/o Y K Gupta (Spouse), Yogita Gupta D/o Pramod Kumar Gupta, Kavita Gupta D/o Pramod Kumar Gupta
Legal Details
Possession Status:Symbolic
Encumbrance Details:A Securitization application is pending before DRT-I Chandigarh with SA No 61/2025 & NDOH is 03.11.2023.
Why This Property
The property is a commercial building in an industrial area, offered at a reasonable reserve price. However, the pending securitization application introduces a level of risk. This makes it a 'Calculated Opportunity' requiring due diligence before investment.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Sanjay Gosain
Contact no:9610505115
