Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610800
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹30,02,00,000
EMD:₹3,00,20,000
Bid Increment:₹5,00,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:22-11-2025 05:00 PM
Bid Start Date:2025-11-24
Property Description
This SARFAESI auction presents a unique opportunity to acquire a significant land and building asset in Naraingarh, Ambala, Haryana. Ideal for residential purposes, this property is being auctioned by Punjab National Bank. The asset is associated with M/s ICL Hi-Tech Educational Society. Don't miss this chance to invest in a prime location.
State:Haryana
City:Ambala
Area:Naraingarh
Asset Category:Residential
Full Address:Village Sountli, P.O. Shahzadpur, Tehsil Naraingarh, District Ambala, Haryana, Sountli, Ambala
Size:197 Kanal 5.5 Marla
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Naraingarh, Ambala, Haryana. The auction will commence on November 24, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this residential asset is ₹30,02,00,000, with an Earnest Money Deposit (EMD) of ₹3,00,20,000. Bid strategically for this valuable property.
Borrower Name:M/s ICL Hi-Tech Educational Society
Auction Type:SARFAESI Auction
Guarantor Names:Shri Sanjiv Prabhakar, Shri Satish Kumar Prabhakar, Sh. Sanjeev Prabhakar, Devinder Kumar Prabhakar, Smt. Kirna Rani, Smt. Savita Prabhakar, Sh. Surinder Prabhakar, Sh. Deepak Bajaj, Sh. Roop Lal Bajaj, Sh. Sunil Bajaj, Sh. Naresh Joshi, Sh. Akshay Prabhakar, Priyanka Prabhakar, Sahil Prabhakar, Satish Kumar Prabhakar, Satya Devi, Ms. Sukriti Prabhakar, Vishal Prabhakar, Smt. Saroj Prabhakar Joshi, Sh. Sanjeev Chadha, Smt. Suman Lata
Legal Details
Possession Status:Symbolic
Encumbrance Details:Civil Suit Case No. CS / 472 / 2025 pending in the court of Dr. Jitender Kumar, Civil Courts, Naraingarh And CANo. 309 / 2025 pending in the Court of ADJ, Ambala. However, there is no stay/status quo.
Why This Property
The property offers significant land area and building potential in a developing location. While encumbrances exist, the symbolic possession and relatively high reserve price suggest a calculated approach is necessary. Market analysis is crucial before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Sh. Rajeev Minhas
Contact no:7018498637
