Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613258
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹7,16,85,000
EMD:₹79,65,000
Bid Increment:₹100
Auction Time:11.00 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-21
Bid Start Date:2025-11-24
Property Description
This auction features a valuable collection of scrap plant and machinery located in the prime area of M G Road, Bengaluru, Karnataka. The assets belong to M/s. Lakshminarayanaswamy M Sand and are being auctioned by Canara Bank under the SARFAESI Act. This presents a unique opportunity for buyers interested in acquiring industrial equipment and scrap materials.
State:Karnataka
City:Bengaluru
Area:M G Road
Asset Category:Scrap, Plant & Machinery
Full Address:M G Road, Bengaluru
Auction Description
Canara Bank is conducting an online SARFAESI auction for scrap plant and machinery in M G Road, Bengaluru. The auction will take place on November 24, 2025, from 11:00 AM to 11:30 AM. The reserve price for this auction is ₹7,16,85,000, with an Earnest Money Deposit (EMD) of ₹79,65,000 required to participate.
Borrower Name:M/s. Lakshminarayanaswamy M Sand
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Lakshmanappa M R, Mrs. Parvathamma
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The industrial machinery presents a specific use case in the aggregates industry. Its location in Bengaluru adds to its potential value. The relatively high reserve price and EMD warrant careful evaluation of its market value and operational viability.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:080-25310066
