Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611058
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch - II
Reserve Price:₹27,00,000
EMD:₹2,70,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This auction features industrial machinery located in Chennai, Tamil Nadu. The assets are categorized as scrap, plant, and machinery, offering potential for buyers in the recycling or refurbishment industries. The property type is specifically listed as machinery, indicating a focus on equipment rather than real estate.
State:Tamil Nadu
City:Chennai
Area:chennai
Asset Category:Scrap, Plant & Machinery
Full Address:chennai, Chennai
Auction Description
State Bank of India is conducting a SARFAESI auction for scrap, plant, and machinery. The auction begins on November 25, 2025, at 11:00 AM and concludes at 4:00 PM on the same day. The reserve price is set at ₹27,00,000, with an Earnest Money Deposit (EMD) of ₹2,70,000 required to participate. This is an opportunity to acquire industrial assets through a bank-initiated auction process.
Borrower Name:Mr Tessy Sees
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. K. Kamalajothi, Mr. P. Muniasamy
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a specialized machinery asset located in Chennai, offered at a specific reserve price. While it is not a broad appeal investment, it represents a calculated opportunity for businesses or individuals within the Paddy processing industry, given its existing Bank finance and potential operational integration.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch - II
Service Provider:BAANKNET
Contact Details:
Mr. Kailash Chandra Meena
Contact no:9790960729
