Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611004
Bank Name:Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹40,50,000
EMD:₹4,05,000
Auction Time:11.00 A.M. to 5.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This auction features a valuable lot of plant and machinery located in Fatehabad, Haryana. The assets are categorized as scrap, suitable for buyers looking for industrial components or raw materials. The property is being auctioned by the Bank of India under SARFAESI regulations.
State:Haryana
City:Fatehabad
Area:Fatehabad
Asset Category:Scrap, Plant & Machinery
Full Address:Village Kotarkhana Tehsil Jagadhri, Distt. Yamuna Nagar H.B. No. 366, Kotarkhana, Fatehabad
Auction Description
Bank of India presents a SARFAESI auction for plant and machinery in Fatehabad, Haryana. The auction will commence on November 25, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price is set at ₹40,50,000, with an Earnest Money Deposit (EMD) of ₹4,05,000 required to participate. This is a prime opportunity for businesses and scrap dealers to acquire industrial assets.
Borrower Name:M/s Madan Lal & Co
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Pushpa Rani W/o Sh. Madan Lal
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial machinery asset in a developing area. The reserve price appears reasonable, but further due diligence on the machinery's condition and market demand is essential. The auction terms are standard, making it a calculated opportunity for those in the rice milling industry.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Mr. Rakesh Kumar
Contact no:9987048267
