Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609585
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹12,03,000
EMD:₹1,20,300
Bid Increment:₹50,000
Auction Time:10.00 AM to 12.30 PM
Service Provider:ebkray
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This auction features a valuable collection of plant and machinery located in Davanagere, Karnataka, belonging to M/S SUPATHA TAR PRODUCTS. The assets are categorized as scrap, plant, and machinery, offering a unique opportunity for buyers in the manufacturing or recycling sectors. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Karnataka
City:Davanagere
Area:davanagere
Asset Category:Scrap, Plant & Machinery
Full Address:INDUSTRIAL AREA, K M ROAD, davanagere, Davanagere
Auction Description
Canara Bank is conducting an online SARFAESI auction for plant and machinery assets in Davanagere, Karnataka. The auction will commence on November 20, 2025, at 10:00 AM and conclude at 12:30 PM on the same day. The reserve price for this auction is ₹12,03,000, with an Earnest Money Deposit (EMD) of ₹1,20,300 required to participate. This is a significant opportunity to acquire industrial assets.
Borrower Name:M/S SUPATHA TAR PRODUCTS
Auction Type:SARFAESI Auction
Guarantor Names:JYOTHI NAGARA, KANAKA RAJ K R, RASHMI B
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The industrial equipment located in Davanagere presents a calculated opportunity due to its auction terms and location. With a reserve price of ₹1203000.0, it is an asset that requires further due diligence to evaluate its market value and potential return on investment. This listing requires a buyer with Plant & Machinery domain knowledge for a possible ROI.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:ebkray
Contact Details:
Contact no:9960150664
