Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611824
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹90,00,000
EMD:₹9,00,000
Service Provider:Public Auction
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This SARFAESI auction presents a compelling opportunity to acquire a Land and Building property in Periyakulam, Theni, Tamil Nadu. Owned by City Union Bank, this residential asset is associated with M/s. JKS Matches Private Limited. The property is offered with a reserve price of 9,000,000.0 and requires an EMD of 900,000.0. Located in a developing area, this is a significant investment prospect.
State:Tamil Nadu
City:Theni
Area:Periyakulam
Asset Category:Residential
Full Address:Theni Allinagaram, Palanivelrajan Street (Previously called as Post Office, Odai Street), Ward Number-18 (Previously Ward Number-13), Survey Number: 560/2C, Now Sub-divided as Survey Number: 560/2C, Door Numbers 22/1, 22/2, 22/3, 22/A1 22/A2 & 22/A3, Theni Allinagaram, Theni
Size:1814.1/16 sq.feet
Auction Description
City Union Bank is conducting a SARFAESI auction for a Land and Building property in Periyakulam, Theni, Tamil Nadu. The auction will take place on November 25, 2025, commencing at 11:00 AM and concluding at 01:00 PM. The reserve price is set at 9,000,000.0, with an Earnest Money Deposit (EMD) of 900,000.0 required to participate. This is a prime opportunity for interested buyers to bid on this valuable asset.
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 offers a decent investment opportunity due to its location in Theni, but potential investors should conduct thorough due diligence given that it's an auction property and consider the overall economic conditions in the region. The property is a land and building which can be used for residential or commercial purposes.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:04546-255700/9344066630/8925876331
