Machinary for auction M G Road Bengaluru 9 lakh Canara Bank

This auction features a variety of plant and machinery assets categorized as scrap, located in the prime M G Road area of Bengaluru, Karnataka. The property is being auctioned by Canara Bank under the SARFAESI Act. This is a unique opportunity to acquire industrial machinery in a well-connected urban location. The specific items up for auction include various types of machinery, suitable for dismantling or repurposing.

Canara Bank presents a SARFAESI auction for scrap plant and machinery in Bengaluru. The auction will be held online on 24-11-2025, starting at 11:00 AM and concluding at 11:30 AM. The reserve price for the assets is ₹900,000.00, with an Earnest Money Deposit (EMD) of ₹100,000.00 required to participate. This auction is for the assets of M/s. Lakshminarayanaswamy M Sand. Interested bidders are advised to review all auction terms and conditions before participating.

The ACE Hydraulic mobile crane presents a calculated opportunity due to its location in Bengaluru and the nature of the asset. While it's machinery, the reserve price seems reasonable. Further due diligence is needed on the crane's condition.