Indian Bank Plant & Machinery Auction in Pallathur, Sivaganga

The property consists of various industrial plant and machinery, including but not limited to: 1 Reciprocating compressor (Mycom) with a 60 Hp Kirloskar motor, 1 Reciprocating compressor (Mycom) with a 50 Hp Kirloskar motor, 1 Evaporative compressor with a stainless steel tank and casing, 1 Ammonia Hp Receiver, 1 Ammonia Oil separator, a Ceiling suspended air cooling unit, and associated pipelines and fittings (MS and GI Pipe, Safety Valves, Water line Valves, Ammonia Valves, Float switches, Pressure Switches, GI "B" Class pipes) for various functions including condenser, water circulation, compressor, cooling, defrosting, and drain lines. Also included is a 125 KVA Diesel Generator (Ashok Leyland engine, Stamford alternator) and an Electrical Cubical Panel board with other electrical accessories. Any other Plant and Machineries/Assets hypothecated to the Bank are also part of this auction.

Indian Bank is conducting a SARFAESI Auction for Plant & Machinery located in Pallathur, Sivaganga, Tamil Nadu. The auction features a variety of equipment including reciprocating compressors (Mycom, Kirloskar motors), an evaporative compressor, an ammonia receiver and oil separator, a ceiling suspended air cooling unit, extensive refrigerant pipelines and fittings, a 125 KVA Ashok Leyland Diesel Generator (Stamford alternator), electrical cubical panel boards, and other associated assets. The reserve price is 48,42,000.00 with an EMD of 4,84,200.00. The auction is managed by BAANKNET and pertains to assets hypothecated by M/s. SKM Cold Storage. The auction will be held on March 28, 2025, from 11:00 AM to 4:00 PM.