Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609365
Bank Name:Bank of Baroda
Branch Name:Regional Office - Stressed Assets Recovery Branch
Reserve Price:₹17,00,000
EMD:₹1,70,000
Bid Increment:₹10,000
Auction Time:14:00:00 to 18:00:00
Service Provider:BAANKNET
Important Dates
Submission Date:09-11-2025 05:00 PM
Bid Start Date:2025-11-10
Property Description
This auction features a diverse lot of plant and machinery assets located in Rasmada, Durg, Chhattisgarh, owned by M/s J K Powertech Pvt Ltd. The asset category is primarily scrap, plant, and machinery, offering a unique opportunity for buyers seeking industrial equipment. The property is being auctioned under the SARFAESI Act by Bank of Baroda.
State:Chhattisgarh
City:Durg
Area:Rasmada
Asset Category:Scrap, Plant & Machinery
Full Address:C 24, Plot No C 24, Zone A,Borai Industrial Area, Rasmada, Gram Rasmada,Tah and Dist Durg in Chhattisgarh, Borai Industrial Area, Durg
Auction Description
Bank of Baroda presents a SARFAESI auction for plant and machinery assets in Rasmada, Durg, Chhattisgarh. The reserve price is set at ₹17,00,000, with an Earnest Money Deposit (EMD) of ₹1,70,000. The auction will commence on November 10, 2025, at 02:00 PM and conclude at 06:00 PM on the same day. Interested bidders should ensure their participation within this timeframe.
Borrower Name:M/s J K Powertech Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr Jaiprakash Narayandas Kapadia, Mrs Neeta Jaiprakash Kapadia
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, while an industrial asset, is located in an industrial area, offering potential. The reserve price is relatively moderate, and the auction terms seem standard. A closer inspection and market analysis are recommended before bidding.
Contact Details
Branch:Branch Office : Regional Office - Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9450802051
