Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610272
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹2,16,20,000
EMD:₹21,62,000
Bid Increment:₹2,17,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a SARFAESI auction by Punjab National Bank for a Land and Building asset in Nahan, Sirmour, Himachal Pradesh. The property is categorized as Residential and was previously owned by M/s Kurukshetra Automobiles Pvt. Ltd. This is a prime opportunity to acquire a significant asset in a developing region. The property is being auctioned on an "as is, where is" basis.
State:Himachal Pradesh
City:Sirmour
Area:Nahan
Asset Category:Residential
Full Address:Mauza Moginand, Tehsil Nahan, District Sirmour, HP, Moginand, Nahan
Size:03-02 Bighas
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a valuable Land and Building property located in Nahan, Sirmour, Himachal Pradesh. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this auction is ₹2,16,20,000, with an Earnest Money Deposit (EMD) of ₹21,62,000 required to participate. Interested bidders are advised to review all auction terms and conditions prior to bidding.
Borrower Name:M/s Kurukshetra Automobiles Pvt. Ltd.
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Jai Singh Saini S/o Sh. Ranbir Singh, Smt. Manju Saini W/o Sh. Jai Singh Saini, Sh. Ranbir Singh, Sh. Deep Chand S/o Sh. Ranbir Singh, Sh. Rajesh Kumar S/o Sh. Ranbir Singh
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Nahan and its land and building composition. The reserve price is considerable, and the auction terms require careful evaluation. Further due diligence is advisable to assess the property's full potential and market value.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Ms. Sushma Suthar
Contact no:9825262328
