Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611759
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹2,11,00,000
EMD:₹21,10,000
Auction Time:01:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This auction features a factory land and building located in Palayamkottai taluk, Palayamkottai, Tamil Nadu. The property is an industrial asset previously belonging to M/s. JKS Matches Private Limited. It offers a significant opportunity for industrial development or utilization within a well-established area.
State:Tamil Nadu
City:Palayamkottai
Area:Palayamkottai taluk
Asset Category:Industrials
Full Address:2/279 & 2/280, Door Nos. 2/279 & 2/280, Duraiyur Village Survey Number 176/5, 176/6, 176/9, Duraiyur, Palayamkottai
Size:1.33, 1.35, 1.27 Acres
Auction Description
City Union Bank presents a SARFAESI auction for a factory land and building in Palayamkottai, Tamil Nadu. The reserve price is ₹2,11,00,000 with an Earnest Money Deposit (EMD) of ₹21,10,000. The auction will be held on November 25, 2025, from 11:00 AM to 1:00 PM. This is a prime opportunity to acquire an industrial property through a bank auction.
Borrower Name:M/s. JKS Matches Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. R. Subbiah, Mrs. Vijaya Jeyakumar @ Mary Vijaya Jeyakumar, Mr. P. Jeyakumar@ Ponraj Jeyakumar Jebanesan, Mrs. Subashini, Mrs. R. Leelavathi, Mr. B. Sermakani
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial land and factory building in Palayamkottai, offered at a reserve price of ₹21100000.0. While the location may not be prime, the industrial zoning adds value. The auction terms are standard, suggesting a calculated approach is needed to assess its full potential.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:9367402608
