Land for auction 9 Gangaikondan Villa, Gangaikondan, Tirunelveli by Indian Overseas Bank

The property consists of 2.07 acres of land situated at Plot C-8 in the SIPCOT INDUSTRIAL GROWTH CENTRE, Gangaikondan, Tirunelveli, Tamil Nadu. The land is identified by S.No 1852 pt and is in the name of M/s. Natarajen Enterprise. Boundaries are described as North: Plot No C-9, South: Park, East: Park, West: 30 Meter Road. Additionally, the auction includes the hypothecation of various industrial machineries installed on the premises, such as a Gasifier, Roots Blower, Vertical Klin, Welding Machine, Lab Equipment, Factory Shed, Coal Feeder Machine, Crusher Quick Lime, Hydrator Machine A/c, Pulverize & Packing Machine, Furniture & Fittings, and Briquetting Machine.

This is a SARFAESI auction conducted by Indian Overseas Bank for a piece and parcel of land located in Gangaikondan, Tirunelveli, Tamil Nadu. The property, identified as Plot C-8 in SIPCOT INDUSTRIAL GROWTH CENTRE, spans 2.07 acres. It is associated with M/s. Natarajen Enterprise and includes hypothecation of various machineries installed on the site, such as a Gasifier, Roots Blower, Vertical Klin, Welding Machine, Lab Equipment, Factory Shed, Coal Feeder Machine, Crusher Quick Lime, Hydrator Machine A/c, Pulverize & Packing Machine, Furniture & Fittings, and Briquetting Machine. The auction has a reserve price of 18485000.00 and an EMD of 1848500.00. The auction will be held on April 18, 2025, from 11:00 AM to 01:00 PM.