Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611760
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹20,00,000
EMD:₹2,00,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
City Union Bank presents a prime land auction in Kovilpatti, Thoothukudi, Tamil Nadu. This residential plot is offered by City Union Bank under SARFAESI auction rules. Located in the bustling area of Kovilpatti within the Thoothukudi district, this land presents an excellent opportunity for development or investment. The borrower for this asset was M/s. JKS Matches Private Limited. Don't miss this chance to acquire valuable real estate in a growing region.
State:Tamil Nadu
City:Thoothukudi
Area:Kovilpatti
Asset Category:Residential
Full Address:Plots Nos. 56, 57, 66 & 67, Vishan Nagar, S.No.212/58, Kilavipatti Vilage, Kilavipatti, Kovilpatti
Building/Society:Vishan Nagar
Size:3.88 Acres
Auction Description
Seize the opportunity to bid on a significant land parcel in Kovilpatti, Thoothukudi, Tamil Nadu, during this SARFAESI auction conducted by City Union Bank. The auction will take place online on November 25, 2025, commencing at 11:00 AM and concluding at 01:00 PM. The reserve price for this valuable asset is INR 2,000,000, with an Earnest Money Deposit (EMD) of INR 200,000 required to participate. This is a direct sale from City Union Bank, offering clear title and a straightforward bidding process.
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's location in Kovilpatti and its large land area present a potential development opportunity. The reserve price is relatively moderate, and further due diligence is recommended to assess the land's market value and development potential before bidding.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:9367402608/8925964899
