Land for auction 56 Khanday, Budgam., Jammu by PNB

Land & Building in the shape of Hotel situated at D. 56 East of Kailash, Opp Sapna Cinema, New Delhi standing in name of Mis Shuhul Hotels Pvt Ltd. with total plot area: 450 sq. yds (376.24 sq. mtrs) and plinth area: 1056.41 sq. mirs. (Mortgaged for the purpose of Loan vide equitable mortgage and further letter through continuity for availing: Cash Credit Limit, GECL 1.0 & GECL 1.0 Extension through (A/c No. 0223008700003375: 022300IL00000057 & 022300EG00000047) by Shuhul Motors Pvt. Ltd. Through its directors and is also extended mortgaged vide Equitable Mortgage for the purpose of availing Cash Credit facility through (A/c No. 0223008700003560) by M/s Shuhul Motors Bike through its proprietor Sh. Bilal Ahmad Guroo Sio Sh. Gulam Mohammad Guroo, situated at ONHIA, South City Nowgam Bye Pass, Khanday Colony, Srinagar, JK-190015). Whereas, this reserve price includes items available in the inventory prepared at the time of physical possession consisting of furniture, fixture etc.

Punjab National Bank is auctioning a Land & Building property in Budgam, Jammu. The property is described as a Hotel situated at D. 56 East of Kailash, Opp Sapna Cinema, New Delhi, with a total plot area of 450 sq. yds (376.24 sq. mtrs) and a plinth area of 1056.41 sq. mtrs. The property is mortgaged for various loan facilities by M/s Shuhul Motors Pvt Ltd and M/s Shuhul Motors Bike. The reserve price is 218,500,000.00 and the EMD is 21,850,000.00. The auction will be conducted by Punjab National Bank on 28-02-2025 from 10:00 AM to 04:00 PM. The property is classified as Residential.