Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:612209
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch - Shimla
Reserve Price:₹9,37,500
EMD:₹93,750
Bid Increment:₹10,000
Auction Time:11:00 HRS. TO 16:00 HRS.
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 & Machinery located in Baldwara, Mandi, Himachal Pradesh. The assets, formerly belonging to M/s Maa Santoshi Floor Mill, are categorized as scrap and are being auctioned by the State Bank of India under the SARFAESI Act. This presents a unique opportunity to acquire industrial equipment and materials at a potentially competitive price.
State:Himachal Pradesh
City:Mandi
Area:Baldwara
Asset Category:Scrap, Plant & Machinery
Full Address:Mohal- Ramehra, H.B. No. 467, Tehsil Baldwara, Baldwara, Mandi
Auction Description
The State Bank of India is conducting an online SARFAESI auction for Plant & Machinery in Baldwara, Mandi, Himachal Pradesh. The auction starts on November 25, 2025, at 11:00 AM and concludes on the same day at 4:00 PM. The reserve price for this auction is ₹9,37,500, with an Earnest Money Deposit (EMD) of ₹93,750 required to participate. Interested bidders should review all terms and conditions before placing their bids.
Borrower Name:M/s Maa Santoshi Floor Mill
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Nisha Kumari W/o Sh. Ranjit Singh, Smt. Nisha Kumari W/o Sh. Ranjit Singh
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is Plant & Machinery, its location and reserve price make it a calculated opportunity for interested buyers. Investment appeal is moderate due to the specific nature of the asset. Auction terms and conditions should be carefully reviewed.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch - Shimla
Service Provider:BAANKNET
Contact Details:
Contact no:82199-96108
