Property Type:
Location:
Auction Date:Auction Details
Auction ID:599835
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹34,20,000
EMD:₹3,42,000
Service Provider:BAANKNET
Important Dates
Submission Date:31-10-2025 11:00 AM
Bid Start Date:31-10-2025 11:30 AM
Property Description
This is a bank auction for scrap, plant, and machinery located in Kangeyam, Tiruppur, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI rules. The borrower is M/s. Vel Lubricants. The auction is for machinery assets.
State:Tamil Nadu
City:Tiruppur
Area:Kangeyam
Asset Category:Scrap, Plant & Machinery
Auction Description
Canara Bank is conducting an e-auction for scrap, plant, and machinery on October 31, 2025. The auction will commence at 11:30 AM and conclude at 12:30 PM. The reserve price is ₹34,20,000, with an Earnest Money Deposit (EMD) of ₹3,42,000. This SARFAESI auction presents an opportunity to acquire industrial machinery assets.
Borrower Name:M/s. Vel Lubricants
Auction Type:SARFAESI Auction
Contact Details
Contact Authorised Officer (Ph. No. 0422-2549459/2555655, Mob No: 94890 43584)
