Plant & Machinery for auction Chandigarh Chandigarh 45 lakh Central Bank of India

This auction features a diverse lot of Plant & Machinery categorized as scrap, formerly owned by M/s Rosy Hosiery Mills Partners. Located in Chandigarh, Punjab, this is a prime opportunity to acquire industrial assets. The items are being sold as is, where is, offering significant potential for buyers looking for raw materials or components for reprocessing or resale. The auction is conducted by the Central Bank of India under the SARFAESI Act.

The Central Bank of India is holding a SARFAESI auction for scrap Plant & Machinery. The auction will take place on November 21, 2025, starting at 02:00 PM and concluding at 06:00 PM. The reserve price for this lot is ₹44,50,000, with an Earnest Money Deposit (EMD) of ₹4,45,000 required to participate. This is a timed online auction, and interested bidders are advised to complete their registration and due diligence prior to the auction start time.

The auction presents a calculated opportunity due to the industrial nature of the asset (Plant & Machinery), located in Chandigarh. While the reserve price seems reasonable, potential buyers should thoroughly evaluate the machinery's condition and market value before bidding. Encumbrances are reported as 'Not Known to Bank,' indicating a need for due diligence.