Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609998
Bank Name:Indian Bank
Branch Name:TIRUNELVELI JUNCTION BRANCH
Reserve Price:₹1,00,00,000
EMD:₹10,00,000
Bid Increment:₹10,000
Auction Time:10.00 am to 4.0 pm
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This auction features a significant lot of plant and machinery located in Tirunelveli, Tamil Nadu, offered by Indian Bank. The assets are categorized as scrap and machinery, belonging to the borrower M/s Shree Janani Scans. This is a prime opportunity to acquire industrial equipment.
State:Tamil Nadu
City:Tirunelveli
Area:Tirunelveli
Asset Category:Scrap, Plant & Machinery
Full Address:5/1, Vinayagar Nagar, 2nd Street, KK Nagar, Opp. to old Devadoss Hospital, KK Nagar, Tirunelveli
Auction Description
Indian Bank is conducting a SARFAESI auction for plant and machinery in Tirunelveli, Tamil Nadu. The auction will take place on December 10, 2025, starting at 10:00 AM and concluding at 4:00 PM. The reserve price is ₹1,00,00,000, with an EMD of ₹10,00,000. Don't miss this chance to bid on valuable industrial assets.
Borrower Name:M/s Shree Janani Scans
Auction Type:SARFAESI Auction
Guarantor Names:Dr. T Selva Mahesh, Mr. T Solai Selvan, Smt. M Rajalakshmi
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The auction presents a calculated opportunity due to the specialized nature of the machinery. The equipment's value is dependent on market demand for medical services in Tirunelveli and surrounding areas. Investors should carefully assess the potential ROI and market conditions before bidding.
Contact Details
Branch:Branch Office : TIRUNELVELI JUNCTION BRANCH
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:8291220220
