Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614046
Bank Name:Canara Bank
Branch Name:Circle Office : Gandhinagar
Reserve Price:₹18,50,000
EMD:₹1,85,000
Auction Time:01:00 PM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features a significant lot of plant and machinery located in Odhav, Ahmedabad, Gujarat. Acquired from M/s Shiv Textiles under the SARFAESI Act, these assets are categorized as scrap, plant, and machinery. This presents a valuable opportunity for buyers looking to acquire industrial equipment and machinery at a competitive price. The property is situated in a key industrial area of Ahmedabad, offering logistical advantages.
State:Gujarat
City:Ahmedabad
Area:Odhav
Asset Category:Scrap, Plant & Machinery
Full Address:R-13, Indiranagar Awas Yojna, Shop No. R-13, Indiranagar Awas Yojna, Bih Kongstone, Near Manmohan Char Rasta, Odhav Ahmedabad, Odhav, Ahmedabad
Building/Society:Indiranagar Awas Yojna
Auction Description
Canara Bank is conducting an online SARFAESI auction for scrap, plant, and machinery belonging to M/s Shiv Textiles. The auction will be held on November 25, 2025, commencing at 01:00 PM and concluding at 03:00 PM. The reserve price for this auction is ₹18,50,000, with an Earnest Money Deposit (EMD) of ₹1,85,000 required to participate. This is a prime opportunity to acquire industrial assets from a reputable bank.
Borrower Name:M/s Shiv Textiles
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a calculated risk due to its specialized industrial machinery nature and the auction terms. Its location in Odhav, Ahmedabad, could provide a competitive advantage, while the moderate reserve price may attract specific buyers.
Contact Details
Branch:Branch Office : Circle Office : Gandhinagar
Service Provider:BAANKNET
Contact Details:
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